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Previous: GALAXY FUND /DE/, NSAR-B, 1999-01-12 |
Next: IFX CORP, DEF 14A, 1999-01-12 |
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) December 28, 1998
GE CAPITAL MORTGAGE SERVICES, INC.
(as Seller and Servicer under Pooling and
Servicing Agreements each providing for the
issuance of a Series of Mortgage Pass-Through Certificates)
GE Capital Mortgage Services, Inc.
----------------------------------
(formerly known as Travelers Mortgage Services, Inc.)
(Exact name of registrant as specified in its charter)
New Jersey 33-5042 21-0627285
---------- ------- ----------
(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
Three Executive Campus
Cherry Hill, New Jersey 08002
----------------------- -----
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including
area code (609) 661-6100
<PAGE>
Item 5. Other Events
- ------- ------------
On December 28, 1998 GE Capital Mortgage Services, Inc. ("GECMSI") passed
through to Certificateholders of Mortgage Pass-Through Certificates principal
and interest payments as required for the various Series of Mortgage
Pass-Through Certificates listed below and as detailed in Item 7, Financial
Statements, Pro Forma Financial Information and Exhibits, of this Report.
Series Distribution on Series
- ------ ----------------------
Series 1998-01 $6,804,988.60
Series 1998-02 $14,665,305.19
Series 1998-03 $9,465,354.48
Series 1998-04 $18,275,146.69
Series 1998-HE1 $4,099,558.02
Series 1998-HE2 $4,781,579.87
Series 1998-05 $13,183,845.51
Series 1998-6A $3,935,066.47
Series 1998-6B $8,657,254.84
Series 1998-07 $4,247,244.36
Series 1998-08A $15,330,230.00
Series 1998-08B $2,860,083.82
Series 1998-09 $15,803,874.85
Series 1998-10A $9,601,319.67
Series 1998-10B $2,997,958.98
Series 1998-11A $10,301,220.81
Series 1998-11B $5,505,858.90
Series 1998-11C $3,460,176.09
Series 1998-12A $5,513,437.34
Series 1998-12-B $5,130,027.73
Series 1998-12C $2,981,878.70
Series 1998-12D $3,969,116.40
Series 1998-13 $18,653,207.47
Series 1998-14 $9,433,567.88
Series 1998-15 $13,085,947.74
Series 1998-16 $3,705,710.04
Series 1998-17 $9,240,930.68
Series 1998-18 $3,282,708.50
Series 1998-19 $7,514,611.50
Series 1998-20 $8,475,320.80
Series 1998-21 $7,130,778.74
Series 1998-22 $3,565,648.00
Series 1998-23 $6,202,948.44
Series 1998-24 $18,636,106.81
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 1998-01 99.1 Servicer's Certificate
99.2 Distribution Date Statment
Series 1998-02 99.3 Servicer's Certificate
99.4 Distribution Date Statment
Series 1998-03 99.5 Servicer's Certificate
99.6 Distribution Date Statment
Series 1998-04 99.7 Servicer's Certificate
99.8 Distribution Date Statment
Series 1998-HE1 99.9 Servicer's Certificate
99.10 Distribution Date Statement
Series 1998-05 99.11 Servicer's Certificate
99.12 Distribution Date Statment
Series 1998-6A 99.13 Servicer's Certificate
99.14 Distribution Date Statment
Series 1998-6B 99.15 Servicer's Certificate
99.16 Distribution Date Statment
Series 1998-07 99.17 Servicer's Certificate
99.18 Distribution Date Statment
Series 1998-08A 99.19 Servicer's Certificate
99.20 Distribution Date Statment
Series 1998-08B 99.21 Servicer's Certificate
99.22 Distribution Date Statment
Series 1998-09 99.23 Servicer's Certificate
99.24 Distribution Date Statment
Series 1998-10A 99.25 Servicer's Certificate
99.26 Distribution Date Statment
Series 1998-10B 99.27 Servicer's Certificate
99.28 Distribution Date Statment
Series 1998-11A 99.29 Servicer's Certificate
99.30 Distribution Date Statment
Series 1998-11B 99.31 Servicer's Certificate
99.32 Distribution Date Statment
Series 1998-11C 99.33 Servicer's Certificate
99.34 Distribution Date Statment
Series 1998-HE2 99.35 Servicer's Certificate
99.36 Distribution Date Statment
Series 1998-12A 99.37 Servicer's Certificate
99.38 Distribution Date Statment
Series 1998-12B 99.39 Servicer's Certificate
99.40 Distribution Date Statment
Series 1998-12C 99.41 Servicer's Certificate
99.42 Distribution Date Statment
Series 1998-12D 99.43 Servicer's Certificate
99.44 Distribution Date Statment
Series 1998-13 99.45 Servicer's Certificate
99.46 Distribution Date Statment
Series 1998-14 99.47 Servicer's Certificate
99.48 Distribution Date Statment
Series 1998-15 99.49 Servicer's Certificate
99.50 Distribution Date Statment
Series 1998-16 99.51 Servicer's Certificate
99.52 Distribution Date Statment
Series 1998-17 99.53 Servicer's Certificate
99.54 Distribution Date Statment
Series 1998-18 99.55 Servicer's Certificate
99.56 Distribution Date Statment
Series 1998-19 99.57 Servicer's Certificate
99.58 Distribution Date Statment
Series 1998-20 99.59 Servicer's Certificate
99.60 Distribution Date Statment
Series 1998-21 99.61 Servicer's Certificate
99.62 Distribution Date Statment
Series 1998-22 99.63 Servicer's Certificate
99.64 Distribution Date Statment
Series 1998-23 99.65 Servicer's Certificate
99.66 Distribution Date Statment
Series 1998-24 99.67 Servicer's Certificate
99.68 Distribution Date Statment
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
----------------------------
Name: Tim Neer
Title: Vice President, Investor Relations
Dated as of : December 28, 1998
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
- ----------- -----------
99.1 Series 1998-01 Servicer's Certificate
99.2 Series 1998-01 Distribution Date Statement
99.3 Series 1998-02 Servicer's Certificate
99.4 Series 1998-02 Distribution Date Statement
99.5 Series 1998-03 Servicer's Certificate
99.6 Series 1998-03 Distribution Date Statement
99.7 Series 1998-04 Servicer's Certificate
99.8 Series 1998-04 Distribution Date Statement
99.9 Series 1998-HE1 Servicer's Certificate
99.10 Series 1998-HE1 Distribution Date Statement
99.11 Series 1998-05 Servicer's Certificate
99.12 Series 1998-05 Distribution Date Statement
99.13 Series 1998-6A Servicer's Certificate
99.14 Series 1998-6A Distribution Date Statement
99.15 Series 1998-6B Servicer's Certificate
99.16 Series 1998-6B Distribution Date Statement
99.17 Series 1998-07 Servicer's Certificate
99.18 Series 1998-07 Distribution Date Statement
99.19 Series 1998-08A Servicer's Certificate
99.20 Series 1998-08A Distribution Date Statement
99.21 Series 1998-08B Servicer's Certificate
99.22 Series 1998-08B Distribution Date Statement
99.23 Series 1998-09 Servicer's Certificate
99.24 Series 1998-09 Distribution Date Statement
99.25 Series 1998-10A Servicer's Certificate
99.26 Series 1998-10A Distribution Date Statement
99.27 Series 1998-10B Servicer's Certificate
99.28 Series 1998-10B Distribution Date Statement
99.29 Series 1998-11A Servicer's Certificate
99.30 Series 1998-11A Distribution Date Statement
99.31 Series 1998-11B Servicer's Certificate
99.32 Series 1998-11B Distribution Date Statement
99.33 Series 1998-11C Servicer's Certificate
99.34 Series 1998-11C Distribution Date Statement
99.35 Series 1998-HE2 Servicer's Certificate
99.36 Series 1998-HE2 Distribution Date Statement
99.37 Series 1998-12A Servicer's Certificate
99.38 Series 1998-12A Distribution Date Statement
99.39 Series 1998-12B Servicer's Certificate
99.40 Series 1998-12B Distribution Date Statement
99.41 Series 1998-12C Servicer's Certificate
99.42 Series 1998-12C Distribution Date Statement
99.43 Series 1998-12D Servicer's Certificate
99.44 Series 1998-12D Distribution Date Statement
99.45 Series 1998-13 Servicer's Certificate
99.46 Series 1998-13 Distribution Date Statement
99.47 Series 1998-14 Servicer's Certificate
99.48 Series 1998-14 Distribution Date Statement
99.49 Series 1998-15 Servicer's Certificate
99.50 Series 1998-15 Distribution Date Statement
99.51 Series 1998-16 Servicer's Certificate
99.52 Series 1998-16 Distribution Date Statement
99.53 Series 1998-17 Servicer's Certificate
99.54 Series 1998-17 Distribution Date Statement
99.55 Series 1998-18 Servicer's Certificate
99.56 Series 1998-18 Distribution Date Statement
99.57 Series 1998-19 Servicer's Certificate
99.58 Series 1998-19 Distribution Date Statement
99.59 Series 1998-20 Servicer's Certificate
99.60 Series 1998-20 Distribution Date Statement
99.61 Series 1998-21 Servicer's Certificate
99.62 Series 1998-21 Distribution Date Statement
99.63 Series 1998-22 Servicer's Certificate
99.64 Series 1998-22 Distribution Date Statement
99.65 Series 1998-23 Servicer's Certificate
99.66 Series 1998-23 Distribution Date Statement
99.67 Series 1998-24 Servicer's Certificate
99.68 Series 1998-24 Distribution Date Statement
Exhibit 99.01
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 549,526.51
----------------
(b) Interest $ 956,576.94
----------------
(c) Total $ 1,506,103.45
----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 210,749.94
----------------
(b) Interest $ 362,891.49
----------------
(c) Total $ 573,641.43
----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 338,776.57
----------------
(b) Interest $ 593,685.45
----------------
(c) Total $ 932,462.02
----------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 107,103.13
----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 5,248,429.40
----------------
(b) Interest $ 31,911.91
----------------
(c) Total $ 5,280,341.31
----------------
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: $ 154,231,880.39
---------------
13. Available Funds: $ 6,804,988.64
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
----------------
17. Compensating Interest Payment: $ 4,068.70
----------------
18. Total interest payments: $ 899,929.60
----------------
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 $ 280,579.76 $ 0.00 $280,579.76 % 6.749999988
A2 $ 450,174.55 $ 0.00 $450,174.55 % 6.750000049
A3 $ 144,654.10 $ 0.00 $144,654.10 % 6.750000101
M $ 8,173.57 $ 0.00 $ 8,173.57 % 6.749995917
B1 $ 5,449.04 $ 0.00 $ 5,449.04 % 6.749998901
B2 $ 2,724.51 $ 0.00 $ 2,724.51 % 6.750007990
B3 $ 4,359.24 $ 0.00 $ 4,359.24 % 6.750002787
B4 $ 1,634.70 $ 0.00 $ 1,634.70 % 6.749983122
B5 $ 2,180.13 $ 0.00 $ 2,180.13 % 6.750008824
20. Principal Distribution Amount: $ 5,905,059.04
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 656.65 $ 0.00
Class A1 $ 1,887,643.47 $ 0.00
Class A2 $ 3,913,563.10 $ 0.00
Class A3 $ 88,238.05 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 4,985.83 $ 0.00
Class B1 $ 3,323.88 $ 0.00
Class B2 $ 1,661.93 $ 0.00
Class B3 $ 2,659.11 $ 0.00
Class B4 $ 997.16 $ 0.00
Class B5 $ 1,329.86 $ 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: $ 38,044.23
-----------
3. Supplemental Servicing Fee amount: $ 53,680.09
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 97.275210 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: % 2.724790
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
--------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.02
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.420704
--------------------
Weighted average maturity 165.66
--------------------
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 $ 4.18894092 $ 0.51857003 $ 0.00000000 %0.00000000
A1 $ 30.12036812 $ 27.38936748 $ 4.47709845 %6.74999999
A2 $ 36.82031786 $ 33.48183560 $ 4.23541658 %6.75000005
A3 $ 3.32070792 $ 3.01962099 $ 5.44384214 %6.75000010
M $ 3.32070985 $ 0.00000000 $ 5.44383873 %6.74999592
B1 $ 3.32070872 $ 0.00000000 $ 5.44384113 %6.74999890
B2 $ 3.32070533 $ 0.00000000 $ 5.44384834 %6.75000799
B3 $ 3.32071207 $ 0.00000000 $ 5.44384432 %6.75000279
B4 $ 3.32071199 $ 0.00000000 $ 5.44382836 %6.74998312
B5 $ 3.32070011 $ 0.00000000 $ 5.44384968 %6.75000882
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:
$ 38,044.23
------------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 154,231,880.39
------------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 495
------------------
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 36157RCN3
PO $ 149,454.53 $ 148,797.88 $ 949.22 GEC9801PO
A1 $ 49,880,846.31 $ 47,993,202.84 $ 765.81 36157RCK9
A2 $ 80,031,030.53 $ 76,117,467.43 $ 716.14 36157RCL7
A3 $ 25,716,284.06 $ 25,628,046.01 $ 964.47 36157RCM5
SUP $ 148,290,440.67 $ 142,435,785.28 $ 759.03 GEC98001S
M $ 1,453,079.99 $ 1,448,094.17 $ 964.47 36157RCP8
B1 $ 968,718.38 $ 965,394.50 $ 964.47 36157RCQ6
B2 $ 484,356.76 $ 482,694.83 $ 964.47 36157RCR4
B3 $ 774,975.68 $ 772,316.57 $ 964.47 36157RCG8
B4 $ 290,614.06 $ 289,616.90 $ 964.47 36157RCH6
B5 $ 387,578.16 $ 386,248.29 $ 964.47 36157RCJ2
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 1 Principal Balance $ 229,323.79
-------- ---------------
2. 60-89 days
Number 1 Principal Balance $ 247,166.42
-------- ---------------
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
------------
E. Other Information:
1. Special Hazard Loss Amount: $ 2,621,837.00
----------------
2. Bankruptcy Loss Amount: $ 100,000.00
----------------
3. Fraud Loss Amount: $ 2,001,914.00
----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.03
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-02, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 282,920.79
----------------
(b) Interest $ 2,239,956.07
----------------
(c) Total $ 2,522,876.86
----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 249,625.12
----------------
(b) Interest $ 1,984,729.46
----------------
(c) Total $ 2,234,354.58
----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 33,295.67
----------------
(b) Interest $ 255,226.61
----------------
(c) Total $ 288,522.28
----------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 331,443.94
----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 11,940,270.38
----------------
(b) Interest $ 76,613.74
----------------
(c) Total $ 12,016,884.12
----------------
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
duringior 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: $ 349,562,767.89
---------------
13. Available Funds: $ 14,665,305.34
---------------
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: $ 11,787.63
----------------
18. Total interest payments: $ 2,110,670.22
----------------
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 $ 84,704.46 $ 0.00 $ 84,704.46 %6.999999899
A2 $ 21,583.33 $ 0.00 $ 21,583.33 %6.999998919
A3 $ 113,672.71 $ 0.00 $ 113,672.71 %6.999999812
A4 $ 143,272.50 $ 0.00 $ 143,272.50 %7.000000000
A5 $ 198,686.24 $ 0.00 $ 198,686.24 %6.999999853
A6 $ 258,549.59 $ 0.00 $ 258,549.59 %7.000000104
A7 $ 57,166.67 $ 0.00 $ 57,166.67 %7.000000408
A8 $ 4,532.74 $ 0.00 $ 4,532.74 %7.250005515
A9 $ 21,725.90 $ 0.00 $ 21,725.90 %6.950001005
A10 $ 19,250.00 $ 0.00 $ 19,250.00 %7.000000000
A11 $ 127,601.43 $ 0.00 $ 127,601.43 %6.999999791
A12 $ 948,998.47 $ 0.00 $ 948,998.47 %7.000000005
M $ 45,675.44 $ 0.00 $ 45,675.44 %6.999999811
B1 $ 26,100.25 $ 0.00 $ 26,100.25 %6.999999423
B2 $ 13,050.13 $ 0.00 $ 13,050.13 %7.000002137
B3 $ 13,050.13 $ 0.00 $ 13,050.13 %7.000002137
B4 $ 3,913.88 $ 0.00 $ 3,913.88 %7.000000179
B5 $ 9,136.35 $ 0.00 $ 9,136.35 %7.000000485
20. Principal Distribution Amount: $ 12,554,635.12
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 7,035.29 $ 0.00
Class A1 $ 887,922.57 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 829,166.47 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 2,833,917.50 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 35,425.57 $ 0.00
Class A9 $ 177,128.03 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 17,088.63 $ 0.00
Class A12 $ 7,752,095.61 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 6,116.94 $ 0.00
Class B1 $ 3,495.40 $ 0.00
Class B2 $ 1,747.70 $ 0.00
Class B3 $ 1,747.70 $ 0.00
Class B4 $ 524.15 $ 0.00
Class B5 $ 1,223.56 $ 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: $ 76,230.52
-----------
3. Supplemental Servicing Fee amount: $ 131,267.90
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 94.744505 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: % 5.255495
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.04
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-02, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.686652
-----------------------
Weighted average maturity 346.29
-----------------------
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
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
PO $ 24.17002491 $ 23.29128232 $ 0.00000000 % 0.00000000
A1 $ 42.70207936 $ 41.78958764 $ 4.07361711 % 6.99999990
A2 $ 0.00000000 $ 0.00000000 $ 5.83333243 % 6.99999892
A3 $ 32.71604759 $ 32.01694540 $ 4.48513287 % 6.99999981
A4 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A5 $ 0.00000000 $ 0.00000000 $ 5.83333321 % 6.99999985
A6 $ 44.07191464 $ 43.13015128 $ 4.02085645 % 7.00000010
A7 $ 0.00000000 $ 0.00000000 $ 5.83333367 % 7.00000041
A8 $ 35.42560543 $ 34.66860467 $ 4.53274453 % 7.25000551
A9 $ 35.42560600 $ 34.66860400 $ 4.34518000 % 6.95000100
A10 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A11 $ 0.77537623 $ 0.75880753 $ 5.78976291 % 6.99999979
A12 $ 35.65001430 $ 34.88821669 $ 4.36421462 % 7.00000000
M $ 0.77537584 $ 0.00000000 $ 5.78976296 % 6.99999981
B1 $ 0.77537711 $ 0.00000000 $ 5.78976264 % 6.99999942
B2 $ 0.77537711 $ 0.00000000 $ 5.78976486 % 7.00000214
B3 $ 0.77537711 $ 0.00000000 $ 5.78976486 % 7.00000214
B4 $ 0.77536982 $ 0.00000000 $ 5.78976331 % 7.00000018
B5 $ 0.77537781 $ 0.00000000 $ 5.78976351 % 7.00000049
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:
$ 76,230.52
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 349,562,767.89
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,207
-----------------
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 36157RDE2
PO $ 288,221.11 $ 281,185.82 $ 966.03 GEC9802PO
A1 $ 14,520,764.78 $ 13,632,842.22 $ 655.63 36157RCS2
A2 $ 3,700,000.00 $ 3,700,000.00 $ 1,000.00 36157RCT0
A3 $ 19,486,750.81 $ 18,657,584.34 $ 736.16 36157RCU7
A4 $ 24,561,000.00 $ 24,561,000.00 $ 1,000.00 36157RCV5
A5 $ 34,060,499.00 $ 34,060,499.00 $ 1,000.00 36157RCW3
A6 $ 44,322,786.20 $ 41,488,868.69 $ 645.22 36157RCX1
A7 $ 9,800,000.00 $ 9,800,000.00 $ 1,000.00 36157RCY9
A8 $ 750,246.05 $ 714,820.48 $ 714.82 36157RCZ6
A9 $ 3,751,233.99 $ 3,574,105.96 $ 714.82 36157RDA0
A10 $ 3,300,000.00 $ 3,300,000.00 $ 1,000.00 36157RDB8
A11 $ 21,874,531.51 $ 21,857,442.88 $ 991.76 36157RDC6
A12 $ 162,685,451.89 $ 154,933,356.28 $ 712.50 36157RDD4
SUP $ 348,993,558.69 $ 336,679,688.36 $ 769.48 GEC98002S
M $ 7,830,075.64 $ 7,823,958.70 $ 991.76 36157RDF9
B1 $ 4,474,328.94 $ 4,470,833.54 $ 991.76 36157RDG7
B2 $ 2,237,164.46 $ 2,235,416.77 $ 991.76 36157RDH5
B3 $ 2,237,164.46 $ 2,235,416.77 $ 991.76 36157RDJ1
B4 $ 670,950.84 $ 670,426.69 $ 991.76 36157RDK8
B5 $ 1,566,231.32 $ 1,565,007.77 $ 991.76 36157RDL6
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 16 Principal Balance $ 4,392,895.76
-------- ----------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ----------------
3. 90 days or more
Number 1 Principal Balance $ 286,619.96
-------- ----------------
4. In Foreclosure
Number 1 Principal Balance $ 304,276.11
-------- ----------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ----------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------------
E. Other Information:
1. Special Hazard Loss Amount: $ 4,508,007.00
----------------
2. Bankruptcy Loss Amount: $ 173,734.00
----------------
3. Fraud Loss Amount: $ 4,508,007.00
----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.05
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-03, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 203,328.74
----------------
(b) Interest $ 1,560,703.23
----------------
(c) Total $ 1,764,031.97
----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 172,369.51
----------------
(b) Interest $ 1,315,758.61
----------------
(c) Total $ 1,488,128.12
----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 30,959.23
----------------
(b) Interest $ 244,944.62
----------------
(c) Total $ 275,903.85
----------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 38,908.10
----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 7,743,903.78
----------------
(b) Interest $ 46,356.02
----------------
(c) Total $ 7,790,259.80
----------------
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: $ 245,711,057.93
---------------
13. Available Funds: $ 9,465,354.42
---------------
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: $ 9,480.22
----------------
18. Total interest payments: $ 1,479,213.79
----------------
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 $ 361,666.67 $ 0.00 $ 361,666.67 % 7.000000065
A2 $ 64,947.92 $ 0.00 $ 64,947.92 % 6.250000321
A3 $ 110,822.92 $ 0.00 $ 110,822.92 % 6.250000188
A4 $ 81,968.75 $ 0.00 $ 81,968.75 % 6.250000000
A5 $ 81,614.58 $ 0.00 $ 81,614.58 % 6.249999745
A6 $ 40,722.50 $ 0.00 $ 40,722.50 % 7.000000000
A7 $ 133,253.36 $ 0.00 $ 133,253.36 % 6.999999796
A8 $ 463,395.94 $ 0.00 $ 463,395.94 % 7.000000017
A9 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A10 $ 63,583.33 $ 0.00 $ 63,583.33 % 6.999999633
RL $ 0.00 $ 0.00 $ 0.00 % 0.000000000
M $ 31,799.10 $ 0.00 $ 31,799.10 % 6.999999352
B1 $ 18,171.74 $ 0.00 $ 18,171.74 % 6.999998873
B2 $ 9,088.77 $ 0.00 $ 9,088.77 % 7.000003087
B3 $ 9,088.77 $ 0.00 $ 9,088.77 % 7.000003087
B4 $ 2,726.63 $ 0.00 $ 2,726.63 % 7.000000535
B5 $ 6,362.81 $ 0.00 $ 6,362.81 % 7.000003264
20. Principal Distribution Amount: $ 7,986,140.63
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 2,900.79 $ 0.00
Class A1 $ 0.00 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 1,777,191.58 $ 0.00
Class A8 $ 6,180,281.98 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 10,608.08 $ 0.00
Class B1 $ 6,061.96 $ 0.00
Class B2 $ 3,031.98 $ 0.00
Class B3 $ 3,031.98 $ 0.00
Class B4 $ 909.59 $ 0.00
Class B5 $ 2,122.61 $ 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: $ 52,516.71
-----------
3. Supplemental Servicing Fee amount: $ 77,103.49
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 94.778455 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: % 5.221545
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.06
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-03, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.619123
-------------------------
Weighted average maturity 346.75
-------------------------
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 $ 24.12520064 $ 23.23830039 $ 0.00000000 % 0.00000000
A1 $ 0.00000000 $ 0.00000000 $ 5.83333339 % 7.00000006
A2 $ 0.00000000 $ 0.00000000 $ 5.20833360 % 6.25000032
A3 $ 0.00000000 $ 0.00000000 $ 5.20833349 % 6.25000019
A4 $ 0.00000000 $ 0.00000000 $ 5.20833333 % 6.25000000
A5 $ 0.00000000 $ 0.00000000 $ 5.20833312 % 6.24999974
A6 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A7 $ 51.50234967 $ 50.25810415 $ 3.86163271 % 6.99999980
A8 $ 51.50234983 $ 50.25810432 $ 3.86163283 % 7.00000002
A9 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A10 $ 0.00000000 $ 0.00000000 $ 5.83333303 % 6.99999963
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
M $ 1.93119971 $ 0.00000000 $ 5.78902239 % 6.99999935
B1 $ 1.93117553 $ 0.00000000 $ 5.78902198 % 6.99999887
B2 $ 1.93119745 $ 0.00000000 $ 5.78902548 % 7.00000309
B3 $ 1.93119745 $ 0.00000000 $ 5.78902548 % 7.00000309
B4 $ 1.93118896 $ 0.00000000 $ 5.78902335 % 7.00000053
B5 $ 1.93119752 $ 0.00000000 $ 5.78902526 % 7.00000326
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:
$ 52,516.71
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 245,711,057.93
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 837
----------------
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 36157RDX0
PO $ 117,692.54 $ 114,791.75 $ 954.70 GEC9803PO
A1 $ 62,000,000.00 $ 62,000,000.00 $ 1,000.00 36157RDM4
A2 $ 12,470,000.00 $ 12,470,000.00 $ 1,000.00 36157RDN2
A3 $ 21,278,000.00 $ 21,278,000.00 $ 1,000.00 36157RDP7
A4 $ 15,738,000.00 $ 15,738,000.00 $ 1,000.00 36157RDQ5
A5 $ 15,670,000.00 $ 15,670,000.00 $ 1,000.00 36157RDR3
A6 $ 6,981,000.00 $ 6,981,000.00 $ 1,000.00 36157RDS1
A7 $ 22,843,433.81 $ 21,066,242.23 $ 610.49 36157RDT9
A8 $ 79,439,303.81 $ 73,259,021.83 $ 610.49 36157RDU6
A9 $ 0.00 $ 0.00 $ 0.00 36157RDV4
A10 $ 10,900,000.00 $ 10,900,000.00 $ 1,000.00 36157RDW2
SUP $ 244,424,479.23 $ 236,679,822.66 $ 777.67 GEC98003S
RL $ 0.00 $ 0.00 $ 0.00 36157RDY8
M $ 5,451,274.79 $ 5,440,666.71 $ 990.47 36157RDZ5
B1 $ 3,115,155.93 $ 3,109,093.97 $ 990.47 36157REA9
B2 $ 1,558,074.17 $ 1,555,042.19 $ 990.47 36157REB7
B3 $ 1,558,074.17 $ 1,555,042.19 $ 990.47 36157REC5
B4 $ 467,422.25 $ 466,512.66 $ 990.47 36157RED3
B5 $ 1,090,766.92 $ 1,088,644.31 $ 990.47 36157REE1
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 5 Principal Balance $ 1,717,645.19
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 564,719.47
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
E. Other Information:
1. Special Hazard Loss Amount: $ 3,139,304.00
---------------
2. Bankruptcy Loss Amount: $ 123,439.00
---------------
3. Fraud Loss Amount: $ 3,139,304.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class A7_1 $ 0.00
Class A7_2 $ 0.00
Class A8_1 $ 0.00
Class A8_2 $ 0.00
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class A7_1 $ 4,691,357.40
Class A7_2 $ 16,371,500.17
Class A8_1 $ 16,314,454.70
Class A8_2 $ 56,944,566.96
Exhibit 99.07
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-04, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 417,215.13
---------------
(b) Interest $ 3,166,054.59
---------------
(c) Total $ 3,583,269.72
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 355,578.21
---------------
(b) Interest $ 2,707,404.78
---------------
(c) Total $ 3,062,982.99
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 61,636.92
---------------
(b) Interest $ 458,649.81
---------------
(c) Total $ 520,286.73
---------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 125,280.85
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 14,564,347.93
---------------
(b) Interest $ 90,096.49
---------------
(c) Total $ 14,654,444.42
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 246,011.25
---------------
(b) Interest $ 721.49
---------------
(c) Total $ 246,732.74
---------------
12. Pool Scheduled Principal Balance: $ 504,378,538.19
---------------
13. Available Funds: $ 18,275,146.55
---------------
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: $ 7,812.42
----------------
18. Total interest payments: $ 2,922,291.39
----------------
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 $ 461,109.16 $ 0.00 $461,109.16 % 6.499999938
A2 $ 460,965.36 $ 0.00 $460,965.36 % 6.999999968
A3 $ 23,096.56 $ 0.00 $ 23,096.56 % 5.512500817
A4 $ 12,517.17 $ 0.00 $ 12,517.17 %13.941653833
A5 $ 747,170.79 $ 0.00 $747,170.79 % 6.749999977
A6 $ 482,938.09 $ 0.00 $482,938.09 % 5.862499954
A7 $ 258,459.41 $ 0.00 $258,459.41 % 9.412500137
A8 $ 338,295.12 $ 0.00 $338,295.12 % 6.749999963
M $ 62,155.54 $ 0.00 $ 62,155.54 % 6.750000408
B1 $ 30,237.07 $ 0.00 $ 30,237.07 % 6.749999210
B2 $ 15,115.74 $ 0.00 $ 15,115.74 % 6.749998309
B3 $ 13,439.94 $ 0.00 $ 13,439.94 % 6.749999623
B4 $ 6,718.85 $ 0.00 $ 6,718.85 % 6.749996848
B5 $ 10,072.58 $ 0.00 $ 10,072.58 % 6.749999280
20. Principal Distribution Amount: $ 15,352,855.16
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 224.57 $ 0.00
Class A1 $ 4,306,575.95 $ 0.00
Class A2 $ 434,493.52 $ 0.00
Class A3 $ 3,188,773.76 $ 0.00
Class A4 $ 683,308.67 $ 0.00
Class A5 $ 6,719,822.90 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 8,869.75 $ 0.00
Class B1 $ 4,314.91 $ 0.00
Class B2 $ 2,157.05 $ 0.00
Class B3 $ 1,917.91 $ 0.00
Class B4 $ 958.80 $ 0.00
Class B5 $ 1,437.38 $ 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
----------------
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 % 5.51250082
Class A4 % 13.94165383
Class A6 % 5.86249995
Class A7 % 9.41250014
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: $ 111,202.18
-----------
3. Supplemental Servicing Fee amount: $ 227,072.21
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.286585 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: % 4.713415
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.08
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-04, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.531974
-------------------------
Weighted average maturity 347.62
-------------------------
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 $ 1.03637488 $ 0.12760282 $ 0.00000000 % 0.00000000
A1 $ 39.86795114 $ 38.22399342 $ 4.26869923 % 6.49999994
A2 $ 5.32115414 $ 5.10173598 $ 5.64534940 % 6.99999997
A3 $ 146.85335544 $ 140.91313721 $ 1.06367136 % 5.51250082
A4 $ 146.85335697 $ 140.79784882 $ 2.69012895 % 13.94165383
A5 $ 39.86795114 $ 38.22399343 $ 4.43288000 % 6.74999998
A6 $ 0.00000000 $ 0.00000000 $ 4.88541663 % 5.86249995
A7 $ 0.00000000 $ 0.00000000 $ 7.84375011 % 9.41250014
A8 $ 0.00000000 $ 0.00000000 $ 5.62499997 % 6.74999996
M $ .79713759 $ 0.00000000 $ 5.58601060 % 6.75000041
B1 $ .79713837 $ 0.00000000 $ 5.58600961 % 6.74999921
B2 $ .79713599 $ 0.00000000 $ 5.58600887 % 6.74999831
B3 $ .79713633 $ 0.00000000 $ 5.58600998 % 6.74999962
B4 $ .79714001 $ 0.00000000 $ 5.58600765 % 6.74999685
B5 $ .79713624 $ 0.00000000 $ 5.58600966 % 6.74999928
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:
$ 111,202.18
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 504,378,538.19
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,680
-----------------
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 36157REP6
PO $ 212,920.95 $ 212,696.39 $ 981.58 GEC9804PO
A1 $ 85,127,845.74 $ 80,821,269.79 $ 748.20 36157REF8
A2 $ 79,022,633.50 $ 78,588,139.98 $ 962.45 36157REG6
A3 $ 5,027,821.84 $ 1,839,048.08 $ 84.69 36157REH4
A4 $ 1,077,390.40 $ 394,081.73 $ 84.69 36157REJ0
A5 $ 132,830,363.12 $ 126,110,540.22 $ 748.20 36157REK7
A6 $ 98,853,000.00 $ 98,853,000.00 $ 1,000.00 36157REL5
A7 $ 32,951,000.00 $ 32,951,000.00 $ 1,000.00 36157REM3
A8 $ 60,141,355.00 $ 60,141,355.00 $ 1,000.00 36157REN1
SUP $ 506,933,745.21 $ 491,594,602.97 $ 835.79 GEC98004S
M $ 11,049,873.11 $ 11,041,003.36 $ 992.27 36157REQ4
B1 $ 5,375,479.74 $ 5,371,164.83 $ 992.27 36157RER2
B2 $ 2,687,243.34 $ 2,685,086.29 $ 992.27 36157RES0
B3 $ 2,389,322.80 $ 2,387,404.89 $ 992.27 36157RET8
B4 $ 1,194,462.78 $ 1,193,503.98 $ 992.27 36157REU5
B5 $ 1,790,681.08 $ 1,789,243.70 $ 992.27 36157REV3
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 11 Principal Balance $ 3,015,392.88
-------- -------------
2. 60-89 days
Number 2 Principal Balance $ 500,115.21
-------- -------------
3. 90 days or more
Number 1 Principal Balance $ 399,710.49
-------- -------------
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 % 5.51250082
A4 % 13.94165383
A6 % 5.86249995
A7 % 9.41250014
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
----------------
2. Bankruptcy Loss Amount: $ 0.00
----------------
3. Fraud Loss Amount: $ 0.00
----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.9
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
DECEMBER 1998
Home Equity Loan Pass-Through Certificates,
Series 1998-HE1
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
(1) Aggregate Monthly Payments Due: $1,290,171.85
-----------
(2) Aggregate Monthly Payments received and Monthly Advances made this
Month:
(a) Principal $207,613.54
-----------
(b) Interest $1,060,603.82
-----------
(c) Total $1,268,217.36
-----------
(3) Aggregate Principal Prepayments in part received on Self- Amortizing
Mortgage Loans and applied in the applicable Prepayment Period:
(a) Principal $15,709.35
-----------
(c) Total $15,709.35
-----------
(4) Aggregate Principal Prepayments in full received in the applicable
Prepayment period:
(a) Principal $2,851,436.44
-----------
(b) Interest $27,840.92
-----------
(c) Total $2,879,277.36
-----------
(5) Aggregate Insurance Proceeds (inculding purchases of Mortgage Loans by
primary mortgage insurers) for prior month:
(a) Principal $0.00
-----------
(b) Interest $0.00
-----------
(c) Total $0.00
-----------
(6) Aggregate Liquidation Proceeds for prior month:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(7) Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(8) Aggregate Purchase Prices for (and substitution adjustments) for
Defective Mortgage Loans:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(9) Aggregate Purchase Prices for for Document Deficiencies per Sec. 2.02
(a) Principal $0.00
-------------
(b) Interest $0.00
-------------
(c) Total $0.00
-------------
(10) Pool Principal Balance $138,053,292.46
-------------
(11) Available Funds: $4,099,558.02
-------------
(12) Realized Losses for prior month: $0.00
-------------
(13) Aggregate Realized Losses: $0.00
-------------
(a) Deficient Valuations $0.00
-------------
(b) Special Hazard Losses $0.00
-------------
(c) Fraud Losses $0.00
-------------
(d) Excess Bankruptcy Losses $0.00
-------------
(e) Excess Special Hazard Losses $0.00
-------------
(f ) Excess Fraud Losses $0.00
-------------
(14) Compensating Interest Payment: $2,901.98
--------
(15) Net Simple Interest Shortfall: $0.00
--------
(16) Net Simple Interest Excess: $0.00
--------
(17) Simple Interest Shortfall Payment: $0.00
--------
(18) Unpaid Net Simple Interest Shortfall:
Class A1 36158GAV0 $0.00
------------- ---------------------
Class A2 36158GAW8 $0.00
------------- ---------------------
Class A3 36158GAX6 $0.00
------------- ---------------------
Class A4 36158GAY4 $0.00
------------- ---------------------
Class A5 36158GAZ1 $0.00
------------- ---------------------
Class A6 36158GBA5 $0.00
------------- ---------------------
Class A7 36158GBB3 $0.00
------------- ---------------------
Class S 36198HE1 $0.00
------------- ---------------------
Class M 36158GBE7 $0.00
------------- ---------------------
Class B1 36158GBF4 $0.00
------------- ---------------------
Class B2 36158GBC2 $0.00
------------- ---------------------
Class B3 36157REZ4 $0.00
------------- ---------------------
Class B4 36157RFA8 $0.00
------------- ---------------------
Class B5 36157RFB6 $0.00
------------- ---------------------
(19) Class Certificate Interest Rate:
Class M 36158GBE7 6.950%
------------- ---------------------
Class B1 36158GBF4 7.240%
------------- ---------------------
Class B2 36158GBC2 7.590%
------------- ---------------------
Class B3 36157REZ4 8.908%
------------- ---------------------
Class B4 36157RFA8 8.908%
------------- ---------------------
Class B5 36157RFB6 8.908%
------------- ---------------------
Class S 36198HE1 2.30%
------------- ---------------------
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 36158GAV0 $151,960.08 6.525%
------------- -----------------------
Class A2 36158GAW8 $102,768.33 6.260%
------------- -----------------------
Class A3 36158GAX6 $117,105.00 6.330%
------------- -----------------------
Class A4 36158GAY4 $56,886.67 6.440%
------------- -----------------------
Class A5 36158GAZ1 $70,197.50 6.530%
------------- -----------------------
Class A6 36158GBA5 $103,348.17 6.940%
------------- -----------------------
Class A7 36158GBB3 $76,540.21 6.465%
------------- -----------------------
Class S 36198HE1 $264,951.41 2.30%
------------- -----------------------
Class M 36158GBE7 $22,161.62 6.950%
------------- -----------------------
Class B1 36158GBF4 $20,778.91 7.240%
------------- -----------------------
Class B2 36158GBC2 $9,682.21 7.590%
------------- -----------------------
Class B3 36157REZ4 $11,363.34 8.908%
------------- -----------------------
Class B4 36157RFA8 $8,524.34 8.908%
------------- -----------------------
Class B5 36157RFB6 $8,530.90 8.908%
------------- -----------------------
Total $1,024,798.70
(21) Principal distributable:
Class A1 36158GAV0 $3,055,766.10
------------- ---------------------
Class A2 36158GAW8 $0.00
------------- ---------------------
Class A3 36158GAX6 $0.00
------------- ---------------------
Class A4 36158GAY4 $0.00
------------- ---------------------
Class A5 36158GAZ1 $0.00
------------- ---------------------
Class A6 36158GBA5 $0.00
------------- ---------------------
Class A7 36158GBB3 $0.00
------------- ---------------------
Class M 36158GBE7 $5,754.49
------------- ---------------------
Class B1 36158GBF4 $5,179.34
------------- ---------------------
Class B2 36158GBC2 $2,302.09
------------- ---------------------
Class B3 36157REZ4 $2,302.09
------------- ---------------------
Class B4 36157RFA8 $1,726.94
------------- ---------------------
Class B5 36157RFB6 $1,728.27
------------- ---------------------
Class R1 36158GBC1 $0.00
------------- ---------------------
Class R2 36158GBD9 $0.00
------------- ---------------------
Total $3,074,759.33
(22) Additional distributions to the Class R1 Certificate pursuant to
Section 2.05 (d) : $0.00
-----
(23) Additional distributions to the Class R2 Certificate pursuant to
Section 4.01 (b) : $0.00
-----
B. Other Amounts:
1) Senior Percentage for such
Distribution Date 90.851641%
--------
2) Senior Prepayment Percentage
for such Distribution Date 100.00%
--------
3) Junior Percentage for such
Distribution Date 9.148359%
--------
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
-----------------------------------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
- ------------------------------------------
Name: Tim Neer
Title: Vice President of Investor Operations
Exhibit 99.10
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
DECEMBER 1998
Home Equity Loan Pass-Through Certificates,
Series 1998-HE1
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
The amounts below are for a Single Certificate of $1,000:
(1) Amount of distribution allocable to principal:
Class A1 36158GAV0 $68.51493495
---------------- ------
Class A2 36158GAW8 $0.00000000
---------------- ------
Class A3 36158GAX6 $0.00000000
---------------- ------
Class A4 36158GAY4 $0.00000000
---------------- ------
Class A5 36158GAZ1 $0.00000000
---------------- ------
Class A6 36158GBA5 $0.00000000
---------------- ------
Class A7 36158GBB3 $0.00000000
---------------- ------
Class M 36158GBE7 $1.48618060
---------------- ------
Class B1 36158GBF4 $1.48618060
---------------- ------
Class B2 36158GBC2 $1.48618060
---------------- ------
Class B3 36157REZ4 $1.48618060
---------------- ------
Class B4 36157RFA8 $1.48618060
---------------- ------
Class B5 36157RFB6 $1.48618060
---------------- ------
Class R1 36158GBC1 $0.00000000
---------------- ------
Class R2 36158GBD9 $0.00000000
---------------- ------
(2) Aggregate Principal prepayments included in distribution:
Class A1 36158GAV0 $2,867,145.79
---------------- ------------
Class A2 36158GAW8 $0.00000000
---------------- ------------
Class A3 36158GAX6 $0.00000000
---------------- ------------
Class A4 36158GAY4 $0.00000000
---------------- ------------
Class A5 36158GAZ1 $0.00000000
---------------- ------------
Class A6 36158GBA5 $0.00000000
---------------- ------------
Class A7 36158GBB3 $0.00000000
---------------- ------------
Class M 36158GBE7 $0.00000000
---------------- ------------
Class B1 36158GBF4 $0.00000000
---------------- ------------
Class B2 36158GBC2 $0.00000000
---------------- ------------
Class B3 36157REZ4 $0.00000000
---------------- ------------
Class B4 36157RFA8 $0.00000000
---------------- ------------
Class B5 36157RFB6 $0.00000000
---------------- ------------
Class R1 36158GBC1 $0.00000000
---------------- ------------
Class R2 36158GBD9 $0.00000000
---------------- ------------
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 36158GAV0 $3.40717677 6.525%
------------------------------------------
Class A2 36158GAW8 $5.21666667 6.260%
------------------------------------------
Class A3 36158GAX6 $5.27500000 6.330%
------------------------------------------
Class A4 36158GAY4 $5.36666667 6.440%
------------------------------------------
Class A5 36158GAZ1 $5.44166667 6.530%
------------------------------------------
Class A6 36158GBA5 $5.78333333 6.940%
------------------------------------------
Class A7 36158GBB3 $5.38750000 6.465%
------------------------------------------
Class S 36198HE1 $1.91919661 2.30%
------------------------------------------
Class M 36158GBE7 $5.72356004 6.950%
------------------------------------------
Class B1 36158GBF4 $5.96238485 7.240%
------------------------------------------
Class B2 36158GBC2 $6.25062168 7.590%
------------------------------------------
Class B3 36157REZ4 $7.33591820 8.908%
------------------------------------------
Class B4 36157RFA8 $7.33591820 8.908%
------------------------------------------
Class B5 36157RFB6 $7.33591820 8.908%
------------------------------------------
(4) Servicing Compensation: $71,228.06
-------------
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $138,053,292.46
-------------
number of Mortgage
Loans: 2,009
-------------
(6) Class Certificate Principal Balance of each Class; Certificate
Principal Balance of Single Certificate of each class:
Single
Certificate
Class Cusip# Class Balance Balance
-------------------------------------------------------------
Class A1 36158GAV0 $24,890,916.02 $558.09228742
-------------------------------------
Class A2 36158GAW8 $19,700,000.00 $1,000.00000000
-------------------------------------
Class A3 36158GAX6 $22,200,000.00 $1,000.00000000
-------------------------------------
Class A4 36158GAY4 $10,600,000.00 $1,000.00000000
-------------------------------------
Class A5 36158GAZ1 $12,900,000.00 $1,000.00000000
-------------------------------------
Class A6 36158GBA5 $17,870,000.00 $1,000.00000000
-------------------------------------
Class A7 36158GBB3 $14,207,000.00 $1,000.00000000
-------------------------------------
Class M 36158GBE7 $3,820,713.04 $986.75440166
-------------------------------------
Class B1 36158GBF4 $3,438,839.09 $986.75440166
-------------------------------------
Class B2 36158GBC2 $1,528,482.57 $986.75440166
-------------------------------------
Class B3 36157REZ4 $1,528,482.57 $986.75440166
-------------------------------------
Class B4 36157RFA8 $1,146,608.61 $986.75440166
-------------------------------------
Class B5 36157RFB6 $1,147,491.23 $986.75440166
-------------------------------------
Class R1 36158GBC1 $0.00 $0.00000000
-------------------------------------
Class R2 36158GBD9 $0.00 $0.00000000
-------------------------------------
(7) Book value of real
estate acquired on
behalf of Certificate-
holders; number of $0.00
-----------------
related Mortgage Loans: 0
-----------------
(8) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $1,987,215.10
-----------
29
-----------
Two Payments Delinquent $475,450.23
-----------
7
-----------
Three or more Payments Delinquent $175,342.79
-----------
3
-----------
TOTAL $2,638,008.12
-----------
39
-----------
In foreclosure $658,860.12
-----------
11
-----------
(9) Aggregate Scheduled Principal Balance and number of replaced Mortgage
Loans: $0.00
-----------
0
-------------
(10) Unpaid Net Simple Interest Shortfall:
Class A1 36157NFF6 $0.00
---------------- ----
Class A2 36157NFG4 $0.00
---------------- ----
Class A3 36157NFH2 $0.00
---------------- ----
Class A4 36157NFJ8 $0.00
---------------- ----
Class A5 36157NFK5 $0.00
---------------- ----
Class A6 36157NFL3 $0.00
---------------- ----
Class A7 36157NFM1 $0.00
---------------- ----
Class S 36197HE4 $0.00
---------------- ----
Class M 36157NFQ2 $0.00
---------------- ----
Class B1 36157NFR0 $0.00
---------------- ----
Class B2 36157NFS8 $0.00
---------------- ----
Class B3 36157NFT6 $0.00
---------------- ----
Class B4 36157NFU3 $0.00
---------------- ----
Class B5 36157NFV1 $0.00
---------------- ----
(11) Class Certificate Interest Rate of:
Class M 36157NFQ2 6.950%
---------------- ----
Class B1 36157NFR0 7.240%
---------------- ----
Class B2 36157NFS8 7.590%
---------------- ----
Class B3 36157NFT6 8.908%
---------------- ----
Class B4 36157NFU3 8.908%
---------------- ----
Class B5 36157NFV1 8.908%
---------------- ----
Class S 36197HE4 2.30%
---------------- ----
(12) Senior Percentage for such 90.851641%
----------------
Distribution Date
(13) Senior Prepayment Percentage
for such Distribution Date 100.00%
----------------
(14) Junior Percentage for such
Distribution Date 9.148359%
----------------
(15) Junior Prepayment 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:
-----------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.11
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-05, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 298,181.33
--------------
(b) Interest $ 2,259,357.53
--------------
(c) Total $ 2,557,538.86
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 263,701.91
--------------
(b) Interest $ 2,013,933.04
--------------
(c) Total $ 2,277,634.95
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 34,479.42
--------------
(b) Interest $ 245,424.49
--------------
(c) Total $ 279,903.91
--------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 64,467.54
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 10,725,309.79
--------------
(b) Interest $ 65,378.62
--------------
(c) Total $ 10,790,688.41
--------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
--------------
(b) Interest $ 0.00
--------------
(c) Total $ 0.00
--------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
--------------
(b) Interest $ 0.00
--------------
(c) Total $ 0.00
--------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
--------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
--------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 361,818,329.17
---------------
13. Available Funds: $ 13,183,845.46
---------------
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: $ 10,500.04
--------------
18. Total interest payments: $ 2,095,886.80
--------------
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 $ 1,567,395.41 $ 0.00 $ 1,567,395.41 %6.749999983
A2 $ 71,055.00 $ 0.00 $ 71,055.00 %6.750000000
A3 $ 239,517.05 $ 0.00 $ 239,517.05 %6.749999982
A4 $ 118,659.38 $ 0.00 $ 118,659.38 %6.750000284
M $ 45,907.73 $ 0.00 $ 45,907.73 %6.750000324
B1 $ 19,851.99 $ 0.00 $ 19,851.99 %6.749999458
B2 $ 11,166.74 $ 0.00 $ 11,166.74 %6.749998511
B3 $ 9,926.00 $ 0.00 $ 9,926.00 %6.750002839
B4 $ 4,962.99 $ 0.00 $ 4,962.99 %6.749996889
B5 $ 7,444.51 $ 0.00 $ 7,444.51 %6.750002726
20. Principal Distribution Amount: $11,087,958.66
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 359.20 $ 0.00
Class A1 $ 11,073,492.17 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 6,524.62 $ 0.00
Class B1 $ 2,821.46 $ 0.00
Class B2 $ 1,587.07 $ 0.00
Class B3 $ 1,410.73 $ 0.00
Class B4 $ 705.36 $ 0.00
Class B5 $ 1,058.05 $ 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: $ 79,100.18
------------
3. Supplemental Servicing Fee amount: $ 151,324.19
------------
4. Credit Losses for prior month: $ 0.00
------------
Category Category Category
A B C
5. Senior Percentage: % 95.264059 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: % 4.735941
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.12
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-05, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.48957
-------------------------
Weighted average maturity 347.80
-------------------------
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 $ 1.04837345 $ 0.16084594 $0.00000000 % 0.00000000
A1 $ 31.68379533 $ 30.87186456 $4.48467697 % 6.74999998
A2 $ 0.00000000 $ 0.00000000 $5.62500000 % 6.75000000
A3 $ 0.00000000 $ 0.00000000 $5.62499999 % 6.74999998
A4 $ 0.00000000 $ 0.00000000 $5.62500024 % 6.75000028
M $ 0.79449566 $ 0.00000000 $5.59013278 % 6.75000032
B1 $ 0.79449637 $ 0.00000000 $5.59013205 % 6.74999946
B2 $ 0.79449594 $ 0.00000000 $5.59013126 % 6.74999851
B3 $ 0.79449637 $ 0.00000000 $5.59013487 % 6.75000284
B4 $ 0.79449163 $ 0.00000000 $5.59012990 % 6.74999689
B5 $ 0.79449717 $ 0.00000000 $5.59013478 % 6.75000273
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:
$ 79,100.18
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 361,818,329.17
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,199
----------------
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 36158GAK4
PO $ 304,190.52 $ 303,831.32 $ 886.77 GEC9805PO
A1 $ 278,648,073.58 $ 267,574,581.41 $ 765.59 36158GAF5
A2 $ 12,632,000.00 $ 12,632,000.00 $ 1,000.00 36158GAG3
A3 $ 42,580,809.00 $ 42,580,809.00 $ 1,000.00 36158GAH1
A4 $ 21,095,000.00 $ 21,095,000.00 $ 1,000.00 36158GAJ7
SUP $ 357,853,272.85 $ 346,782,590.98 $ 810.93 GEC98005S
M $ 8,161,373.83 $ 8,154,849.21 $ 993.01 36158GAL2
B1 $ 3,529,242.95 $ 3,526,421.49 $ 993.01 36158GAM0
B2 $ 1,985,198.66 $ 1,983,611.59 $ 993.01 36158GAN8
B3 $ 1,764,621.48 $ 1,763,210.75 $ 993.01 36157REW1
B4 $ 882,309.74 $ 881,604.38 $ 993.01 36157REX9
B5 $ 1,323,467.91 $ 1,322,409.86 $ 993.01 36157REY7
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 11 Principal Balance $ 3,122,815.85
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
----------------
2. Bankruptcy Loss Amount: $ 0.00
----------------
3. Fraud Loss Amount: $ 0.00
----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.13
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-6A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 146,308.83
----------------
(b) Interest $ 1,097,046.51
----------------
(c) Total $ 1,243,355.34
----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 118,137.05
----------------
(b) Interest $ 889,340.21
----------------
(c) Total $ 1,007,477.26
----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 28,171.78
----------------
(b) Interest $ 207,706.30
----------------
(c) Total $ 235,878.08
----------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 23,117.26
----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,753,893.78
----------------
(b) Interest $ 16,743.05
----------------
(c) Total $ 2,770,636.83
----------------
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: $ 177,123,243.23
---------------
13. Available Funds: $ 3,935,066.44
---------------
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: $ 2,303.07
----------------
18. Total interest payments: $ 1,011,746.57
----------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
1PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
1A1 $ 598,417.03 $ 0.00 $ 598,417.03 %6.750000039
1A2 $ 182,835.00 $ 0.00 $ 182,835.00 %6.750000000
1A3 $ 39,327.85 $ 0.00 $ 39,327.85 %5.862500233
1A4 $ 21,047.53 $ 0.00 $ 21,047.53 %9.412501537
1A5 $ 23,062.50 $ 0.00 $ 23,062.50 %6.750000000
1A6 $ 101,700.00 $ 0.00 $ 101,700.00 %6.750000000
1R $ 0.00 $ 0.00 $ 0.00 %0.000000000
1M $ 20,979.03 $ 0.00 $ 20,979.03 %6.749998703
1B1 $ 9,072.47 $ 0.00 $ 9,072.47 %6.750001530
1B2 $ 5,103.61 $ 0.00 $ 5,103.61 %6.749996536
1B3 $ 4,533.44 $ 0.00 $ 4,533.44 %6.750001498
1B4 $ 2,267.84 $ 0.00 $ 2,267.84 %6.750007460
1B5 $ 3,400.27 $ 0.00 $ 3,400.27 %6.750001390
20. Principal Distribution Amount: $ 2,923,319.87
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 173.43 $ 0.00
Class 1A1 $ 2,916,594.81 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class 1A6 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1M $ 3,030.36 $ 0.00
Class 1B1 $ 1,310.49 $ 0.00
Class 1B2 $ 737.20 $ 0.00
Class 1B3 $ 654.84 $ 0.00
Class 1B4 $ 327.58 $ 0.00
Class 1B5 $ 491.16 $ 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
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
--------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 1A3 % 5.86250023
Class 1A4 % 9.41250154
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied:
Yes No
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 39,127.39
-----------
3. Supplemental Servicing Fee amount: $ 63,755.80
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.516994 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: % 4.483006
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.14
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-6A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.428252
-----------------------
Weighted average maturity 349.09
-----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
1PO $ 0.95360896 $ 0.04552778 $ 0.00000000 %0.00000000
1A1 $ 22.58545107 $ 21.50448179 $ 4.63400624 %6.75000004
1A2 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
1A3 $ 0.00000000 $ 0.00000000 $ 4.88541686 %5.86250023
1A4 $ 0.00000000 $ 0.00000000 $ 7.84375128 %9.41250154
1A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
1A6 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
1R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
1M $ 0.80745004 $ 0.00000000 $ 5.58993605 %6.74999870
1B1 $ 0.80744917 $ 0.00000000 $ 5.58993839 %6.75000153
1B2 $ 0.80744797 $ 0.00000000 $ 5.58993428 %6.74999654
1B3 $ 0.80744760 $ 0.00000000 $ 5.58993835 %6.75000150
1B4 $ 0.80744392 $ 0.00000000 $ 5.58994331 %6.75000746
1B5 $ 0.80745178 $ 0.00000000 $ 5.58993825 %6.75000139
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:
$ 39,127.39
-------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 177,123,243.23
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 575
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
1PO $ 180,507.64 $ 180,334.21 $ 991.57 GEC986PO1
1A1 $ 106,385,249.17 $ 103,468,654.36 $ 801.24 36158GBH0
1A2 $ 32,504,000.00 $ 32,504,000.00 $ 1,000.00 36158GBJ6
1A3 $ 8,050,050.00 $ 8,050,050.00 $ 1,000.00 36158GBK3
1A4 $ 2,683,350.00 $ 2,683,350.00 $ 1,000.00 36158GBL1
1A5 $ 4,100,000.00 $ 4,100,000.00 $ 1,000.00 36158GBM9
1A6 $ 18,080,000.00 $ 18,080,000.00 $ 1,000.00 36158GBN7
SUP1 $ 171,692,014.09 $ 168,777,182.76 $ 868.06 GE986SUP1
1R $ 0.00 $ 0.00 $ 0.00 36158GCD8
1M $ 3,729,606.05 $ 3,726,575.69 $ 992.96 36158GBP2
1B1 $ 1,612,883.19 $ 1,611,572.70 $ 992.96 36158GBQ0
1B2 $ 907,308.91 $ 906,571.70 $ 992.96 36158GBR8
1B3 $ 805,944.71 $ 805,289.87 $ 992.96 36158GCE6
1B4 $ 403,171.11 $ 402,843.53 $ 992.96 36158GCF3
1B5 $ 604,492.32 $ 604,001.16 $ 992.96 36158GCG1
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 1 Principal Balance $ 264,859.25
-------- -------------
4. In Foreclosure
Number 2 Principal Balance $ 530,994.49
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
1A3 % 5.86250023
1A4 % 9.41250154
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
----------------
2. Bankruptcy Loss Amount: $ 0.00
----------------
3. Fraud Loss Amount: $ 0.00
----------------
4. Certificate Interest Rate of the Class S Certificate:% 0.00000000
-----------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class 1A5_1 $ 0.00
Class 1A5_2 $ 0.00
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class 1A5_1 $ 1,780,000.00
Class 1A5_2 $ 2,320,000.00
Exhibit 99.15
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-6B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 227,070.07
--------------
(b) Interest $ 1,705,531.10
--------------
(c) Total $ 1,932,601.17
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 201,378.40
--------------
(b) Interest $ 1,511,128.15
--------------
(c) Total $ 1,712,506.55
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 25,691.67
--------------
(b) Interest $ 194,402.95
--------------
(c) Total $ 220,094.62
--------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 63,388.17
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 6,780,757.79
--------------
(b) Interest $ 41,280.09
--------------
(c) Total $ 6,822,037.88
--------------
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: $ 275,061,690.42
---------------
13. Available Funds: $ 8,657,254.87
---------------
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: $ 5,644.32
--------------
18. Total interest payments: $ 1,586,038.85
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
2PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A2 $ 354,383.60 $ 0.00 $ 354,383.60 % 6.749999930
2A3 $ 582,248.68 $ 0.00 $ 582,248.68 % 6.750000004
2A4 $ 116,260.27 $ 0.00 $ 116,260.27 % 6.749999763
2A5 $ 90,759.38 $ 0.00 $ 90,759.38 % 6.750000372
2A6 $ 121,544.28 $ 0.00 $ 121,544.28 % 5.862499940
2A7 $ 65,048.22 $ 0.00 $ 65,048.22 % 9.412500181
2A8 $ 182,812.50 $ 0.00 $ 182,812.50 % 6.750000000
2M $ 33,753.08 $ 0.00 $ 33,753.08 % 6.749999275
2B1 $ 14,595.78 $ 0.00 $ 14,595.78 % 6.750001387
2B2 $ 8,211.87 $ 0.00 $ 8,211.87 % 6.749998798
2B3 $ 7,297.89 $ 0.00 $ 7,297.89 % 6.750001387
2B4 $ 3,648.94 $ 0.00 $ 3,648.94 % 6.749992138
2B5 $ 5,474.36 $ 0.00 $ 5,474.36 % 6.750004894
20. Principal Distribution Amount: $ 7,071,216.02
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 169.86 $ 0.00
Class 2A1 $ 0.00 $ 0.00
Class 2A2 $ 2,748,195.07 $ 0.00
Class 2A3 $ 3,594,649.42 $ 0.00
Class 2A4 $ 717,760.20 $ 0.00
Class 2A5 $ 0.00 $ 0.00
Class 2A6 $ 0.00 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class 2A8 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2M $ 4,829.03 $ 0.00
Class 2B1 $ 2,088.21 $ 0.00
Class 2B2 $ 1,174.87 $ 0.00
Class 2B3 $ 1,044.10 $ 0.00
Class 2B4 $ 522.05 $ 0.00
Class 2B5 $ 783.21 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-----------
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 2A6 % 5.86249994
Class 2A7 % 9.41250018
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied:
Yes No
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 59,381.85
-----------
3. Supplemental Servicing Fee amount: $ 102,092.95
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.398478 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: % 4.601522
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.16
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-6B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.437634
-------------------------
Weighted average maturity 348.56
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
2PO $ 0.98829361 $ 0.07784863 $ 0.00000000 % 0.00000000
2A1 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2A2 $ 34.26890791 $ 33.21825251 $ 4.41902363 % 6.74999993
2A3 $ 28.52896365 $ 27.65429000 $ 4.62102127 % 6.75000000
2A4 $ 32.76097494 $ 31.75655119 $ 5.30650737 % 6.74999976
2A5 $ 0.00000000 $ 0.00000000 $ 5.62500031 % 6.75000037
2A6 $ 0.00000000 $ 0.00000000 $ 4.88541662 % 5.86249994
2A7 $ 0.00000000 $ 0.00000000 $ 7.84375015 % 9.41250018
2A8 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2M $ 0.79977310 $ 0.00000000 $ 5.59010931 % 6.74999928
2B1 $ 0.79977403 $ 0.00000000 $ 5.59011107 % 6.75000139
2B2 $ 0.79977536 $ 0.00000000 $ 5.59010892 % 6.74999880
2B3 $ 0.79977020 $ 0.00000000 $ 5.59011107 % 6.75000139
2B4 $ 0.79977020 $ 0.00000000 $ 5.59010341 % 6.74999214
2B5 $ 0.79977078 $ 0.00000000 $ 5.59011399 % 6.75000489
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:
$ 59,381.85
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 275,061,690.42
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 889
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
2PO $ 170,443.66 $ 170,273.80 $ 990.70 GEC986PO2
2A1 $ 0.00 $ 0.00 $ 0.00 36158GBS6
2A2 $ 63,001,529.54 $ 60,253,334.47 $ 751.34 36158GBT4
2A3 $ 103,510,876.38 $ 99,916,226.96 $ 792.99 36158GBU1
2A4 $ 20,668,493.17 $ 19,950,732.97 $ 910.62 36158GBV9
2A5 $ 16,135,000.00 $ 16,135,000.00 $ 1,000.00 36158GBW7
2A6 $ 24,879,000.00 $ 24,879,000.00 $ 1,000.00 36158GBX5
2A7 $ 8,293,000.00 $ 8,293,000.00 $ 1,000.00 36158GBY3
2A8 $ 32,500,000.00 $ 32,500,000.00 $ 1,000.00 36158GBZ0
SUP2 $ 272,689,155.47 $ 265,627,136.54 $ 838.29 GE986SUP2
2M $ 6,000,548.20 $ 5,995,719.17 $ 993.00 36158GCA4
2B1 $ 2,594,804.80 $ 2,592,716.59 $ 993.00 36158GCB2
2B2 $ 1,459,888.26 $ 1,458,713.39 $ 993.00 36158GCC0
2B3 $ 1,297,402.40 $ 1,296,358.29 $ 993.00 36158GCH9
2B4 $ 648,701.20 $ 648,179.15 $ 993.00 36158GCJ5
2B5 $ 973,218.85 $ 972,435.63 $ 993.00 36158GCK2
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 7 Principal Balance $ 2,166,287.13
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 2 Principal Balance $ 455,122.94
-------- -------------
4. In Foreclosure
Number 1 Principal Balance $ 286,840.43
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
2A6 % 5.86249994
2A7 % 9.41250018
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
----------------
2. Bankruptcy Loss Amount: $ 0.00
----------------
3. Fraud Loss Amount: $ 0.00
----------------
4. Certificate Interest Rate of the Class S Certificate: %0.00000000
-----------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class N/A $ N/A
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class N/A $ N/A
Exhibit 99.17
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-07, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 510,488.48
----------------
(b) Interest $ 874,145.73
----------------
(c) Total $ 1,384,634.21
----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 343,598.42
----------------
(b) Interest $ 592,722.88
----------------
(c) Total $ 936,321.30
----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 166,890.06
----------------
(b) Interest $ 281,422.85
----------------
(c) Total $ 448,312.91
----------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 74,404.67
----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,856,143.66
----------------
(b) Interest $ 16,956.84
----------------
(c) Total $ 2,873,100.50
----------------
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: $ 145,679,922.75
---------------
13. Available Funds: $ 4,247,244.40
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
----------------
17. Compensating Interest Payment: $ 1,723.03
----------------
18. Total interest payments: $ 806,207.59
----------------
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 $ 785,658.81 $ 0.00 $ 785,658.81 % 6.500000037
M $ 9,135.38 $ 0.00 $ 9,135.38 % 6.499999623
B1 $ 2,282.68 $ 0.00 $ 2,282.68 % 6.500006265
B2 $ 2,282.68 $ 0.00 $ 2,282.68 % 6.500006265
B3 $ 3,652.28 $ 0.00 $ 3,652.28 % 6.499995729
B4 $ 1,826.14 $ 0.00 $ 1,826.14 % 6.499995729
B5 $ 1,369.62 $ 0.00 $ 1,369.62 % 6.500000593
20. Principal Distribution Amount: $ 3,441,036.81
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,061.10 $ 0.00
Class A $ 3,426,990.43 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 5,772.87 $ 0.00
Class B1 $ 1,442.48 $ 0.00
Class B2 $ 1,442.48 $ 0.00
Class B3 $ 2,307.97 $ 0.00
Class B4 $ 1,153.98 $ 0.00
Class B5 $ 865.50 $ 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: $ 32,937.72
----------
3. Supplemental Servicing Fee amount: $ 53,110.83
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 97.451180 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: % 2.548820
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.18
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-07, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.179245
------------------------
Weighted average maturity 168.57
------------------------
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 $ 3.62195909 $ 0.11967382 $ 0.00000000 % 0.00000000
A $ 20.29366039 $ 17.35366418 $ 4.65244750 % 6.50000004
M $ 3.33410340 $ 0.00000000 $ 5.27611075 % 6.49999962
B1 $ 3.33410379 $ 0.00000000 $ 5.27611616 % 6.50000626
B2 $ 3.33410379 $ 0.00000000 $ 5.27611616 % 6.50000626
B3 $ 3.33410861 $ 0.00000000 $ 5.27610765 % 6.49999573
B4 $ 3.33409416 $ 0.00000000 $ 5.27610765 % 6.49999573
B5 $ 3.33411778 $ 0.00000000 $ 5.27611137 % 6.50000059
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:
$ 32,937.72
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 145,679,922.75
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 464
-----------------
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 36158GAB4
PO $ 282,636.03 $ 281,574.93 $ 961.13 GEC9807PO
A $ 145,044,702.55 $ 141,617,712.12 $ 838.62 36158GAA6
SUP $ 139,387,788.48 $ 135,983,175.22 $ 835.71 GEC987SUP
M $ 1,686,531.79 $ 1,680,758.92 $ 970.72 36158GAC2
B1 $ 421,417.44 $ 419,974.96 $ 970.72 36158GAD0
B2 $ 421,417.44 $ 419,974.96 $ 970.72 36158GAE8
B3 $ 674,267.52 $ 671,959.55 $ 970.72 36158GAP3
B4 $ 337,133.76 $ 335,979.78 $ 970.72 36158GAQ1
B5 $ 252,852.90 $ 251,987.40 $ 970.72 36158GAR9
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 4 Principal Balance $ 1,175,999.27
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
----------------
2. Bankruptcy Loss Amount: $ 0.00
----------------
3. Fraud Loss Amount: $ 0.00
----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.19
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-08A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 370,495.34
--------------
(b) Interest $ 2,742,000.71
--------------
(c) Total $ 3,112,496.05
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 348,451.18
--------------
(b) Interest $ 2,576,677.83
--------------
(c) Total $ 2,925,129.01
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 22,044.16
--------------
(b) Interest $ 165,322.88
--------------
(c) Total $ 187,367.04
--------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 65,465.33
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 12,332,221.54
--------------
(b) Interest $ 74,270.60
--------------
(c) Total $ 12,406,492.14
--------------
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: $ 443,228,912.38
---------------
13. Available Funds: $ 15,330,230.07
---------------
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: $ 13,345.49
----------------
18. Total interest payments: $ 2,562,047.87
----------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
1PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 1,020,180.51 $ 0.00 $1,020,180.51 % 6.750000001
1A2 $ 14,535.99 $ 0.00 $ 14,535.99 % 6.749999399
1A3 $ 1,110,525.97 $ 0.00 $1,110,525.97 % 6.750000027
1A4 $ 134,628.27 $ 0.00 $ 134,628.27 % 6.750000188
1A5 $ 163,125.00 $ 0.00 $ 163,125.00 % 6.750000000
1R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1M $ 58,825.03 $ 0.00 $ 58,825.03 % 6.749999691
1B1 $ 22,409.00 $ 0.00 $ 22,409.00 % 6.749998936
1B2 $ 12,602.97 $ 0.00 $ 12,602.97 % 6.750001717
1B3 $ 11,204.50 $ 0.00 $ 11,204.50 % 6.749998953
1B4 $ 5,605.05 $ 0.00 $ 5,605.05 % 6.750002664
1B5 $ 8,405.58 $ 0.00 $ 8,405.58 % 6.749999609
20. Principal Distribution Amount: $ 12,768,182.20
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 3,171.28 $ 0.00
Class 1A1 $ 5,323,413.27 $ 0.00
Class 1A2 $ 118,790.48 $ 0.00
Class 1A3 $ 7,305,614.68 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1M $ 8,495.01 $ 0.00
Class 1B1 $ 3,236.12 $ 0.00
Class 1B2 $ 1,820.01 $ 0.00
Class 1B3 $ 1,618.06 $ 0.00
Class 1B4 $ 809.43 $ 0.00
Class 1B5 $ 1,213.86 $ 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
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
----------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied:
Yes No
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 95,990.74
-----------
3. Supplemental Servicing Fee amount: $ 160,383.55
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.353243 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: % 4.646757
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.20
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-08A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.419251
---------------------
Weighted average maturity 348.52
---------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
1PO $ 5.99501688 $ 5.03826188 $0.00000000 % 0.00000000
1A1 $ 26.61706635 $ 25.88043725 $5.10090255 % 6.75000000
1A2 $ 39.59682667 $ 38.50098333 $4.84533000 % 6.74999940
1A3 $ 32.76060395 $ 31.85395202 $4.97993709 % 6.75000003
1A4 $ 0.00000000 $ 0.00000000 $5.62500016 % 6.75000019
1A5 $ 0.00000000 $ 0.00000000 $5.62500000 % 6.75000000
1R $ 0.00000000 $ 0.00000000 $0.00000000 % 0.00000000
1M $ 0.80781761 $ 0.00000000 $5.59385983 % 6.74999969
1B1 $ 0.80781827 $ 0.00000000 $5.59385921 % 6.74999894
1B2 $ 0.80781625 $ 0.00000000 $5.59386152 % 6.75000172
1B3 $ 0.80781827 $ 0.00000000 $5.59385921 % 6.74999895
1B4 $ 0.80781437 $ 0.00000000 $5.59386228 % 6.75000266
1B5 $ 0.80781607 $ 0.00000000 $5.59385978 % 6.74999961
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:
$ 95,990.74
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 443,228,912.38
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,480
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
1PO $ 521,918.40 $ 518,747.12 $ 980.64 GEC9881PO
1A1 $ 181,365,423.98 $ 176,042,010.71 $ 880.21 36157RFC4
1A2 $ 2,584,176.23 $ 2,465,385.75 $ 821.80 36157RFD2
1A3 $ 197,426,838.33 $ 190,121,223.65 $ 852.56 36157RFE0
1A4 $ 23,933,914.00 $ 23,933,914.00 $ 1,000.00 36157RFF7
1A5 $ 29,000,000.00 $ 29,000,000.00 $ 1,000.00 36157RFG5
SUP1 $ 432,211,214.50 $ 419,679,727.19 $ 880.67 GE988SUP1
1R $ 0.00 $ 0.00 $ 0.00 36157RFL4
1M $ 10,457,783.59 $ 10,449,288.57 $ 993.66 36157RFH3
1B1 $ 3,983,822.85 $ 3,980,586.73 $ 993.66 36157RFJ9
1B2 $ 2,240,527.43 $ 2,238,707.41 $ 993.66 36157RFK6
1B3 $ 1,991,911.42 $ 1,990,293.36 $ 993.66 36158GCL0
1B4 $ 996,452.94 $ 995,643.51 $ 993.66 36158GCM8
1B5 $ 1,494,325.42 $ 1,493,111.55 $ 993.66 36158GCN6
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 9 Principal Balance $ 2,821,447.72
-------- -------------
2. 60-89 days
Number 2 Principal Balance $ 546,672.64
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
----------------
2. Bankruptcy Loss Amount: $ 0.00
----------------
3. Fraud Loss Amount: $ 0.00
----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.21
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-08B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 124,659.70
----------------
(b) Interest $ 943,301.24
----------------
(c) Total $ 1,067,960.94
----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 122,639.89
----------------
(b) Interest $ 928,080.20
----------------
(c) Total $ 1,050,720.09
----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 2,019.81
----------------
(b) Interest $ 15,221.04
----------------
(c) Total $ 17,240.85
----------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 23,257.95
----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,843,026.56
----------------
(b) Interest $ 11,129.46
----------------
(c) Total $ 1,854,156.02
----------------
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: $ 152,584,892.53
---------------
13. Available Funds: $ 2,860,083.83
---------------
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: $ 720.62
---------------
18. Total interest payments: $ 869,139.62
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
2PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 346,354.61 $ 0.00 $ 346,354.61 % 6.749999981
2A2 $ 88,229.17 $ 0.00 $ 88,229.17 % 7.000000264
2A3 $ 14,583.33 $ 0.00 $ 14,583.33 % 6.999998400
2A4 $ 16,041.67 $ 0.00 $ 16,041.67 % 7.000001455
2A5 $ 24,062.50 $ 0.00 $ 24,062.50 % 7.000000000
2A6 $ 25,211.49 $ 0.00 $ 25,211.49 % 7.000001157
2A7 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A8 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A9 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A10 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A11 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A12 $ 58,587.58 $ 0.00 $ 58,587.58 % 6.200000335
2A13 $ 51,666.67 $ 0.00 $ 51,666.67 % 6.200000400
2A14 $ 98,437.50 $ 0.00 $ 98,437.50 % 6.750000000
2R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2M $ 19,133.69 $ 0.00 $ 19,133.69 % 6.749999998
2B1 $ 7,849.29 $ 0.00 $ 7,849.29 % 6.750001177
2B2 $ 3,927.44 $ 0.00 $ 3,927.44 % 6.749997153
2B3 $ 3,927.44 $ 0.00 $ 3,927.44 % 6.749997153
2B4 $ 1,958.13 $ 0.00 $ 1,958.13 % 6.750013185
2B5 $ 3,439.96 $ 0.00 $ 3,439.96 % 6.749993316
20. Principal Distribution Amount: $ 1,990,944.21
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 71.63 $ 0.00
Class 2A1 $ 1,985,104.18 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 0.00 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 0.00 $ 0.00
Class 2A6 $ 0.00 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class 2A8 $ 0.00 $ 0.00
Class 2A9 $ 0.00 $ 0.00
Class 2A10 $ 0.00 $ 0.00
Class 2A11 $ 0.00 $ 0.00
Class 2A12 $ 0.00 $ 0.00
Class 2A13 $ 0.00 $ 0.00
Class 2A14 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2M $ 2,743.09 $ 0.00
Class 2B1 $ 1,125.31 $ 0.00
Class 2B2 $ 563.05 $ 0.00
Class 2B3 $ 563.05 $ 0.00
Class 2B4 $ 280.73 $ 0.00
Class 2B5 $ 493.17 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
-------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied:
Yes No
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 32,785.86
-----------
3. Supplemental Servicing Fee amount: $ 52,879.09
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.370600 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: % 4.629400
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.22
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-08B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.413608
-----------------------
Weighted average maturity 349.96
-----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
2PO $ 1.14408472 $ 0.24820713 $ 0.00000000 % 0.00000000
2A1 $ 24.10581243 $ 22.66275503 $ 4.20590483 % 6.74999998
2A2 $ 0.00000000 $ 0.00000000 $ 5.83333355 % 7.00000026
2A3 $ 0.00000000 $ 0.00000000 $ 5.83333200 % 6.99999840
2A4 $ 0.00000000 $ 0.00000000 $ 5.83333455 % 7.00000145
2A5 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
2A6 $ 0.00000000 $ 0.00000000 $ 5.83333430 % 7.00000116
2A7 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A8 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A9 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A10 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A11 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A12 $ 0.00000000 $ 0.00000000 $ 5.16666695 % 6.20000034
2A13 $ 0.00000000 $ 0.00000000 $ 5.16666700 % 6.20000040
2A14 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2M $ 0.80207310 $ 0.00000000 $ 5.59464620 % 6.75000000
2B1 $ 0.80207413 $ 0.00000000 $ 5.59464718 % 6.75000118
2B2 $ 0.80206553 $ 0.00000000 $ 5.59464387 % 6.74999715
2B3 $ 0.80206553 $ 0.00000000 $ 5.59464387 % 6.74999715
2B4 $ 0.80208571 $ 0.00000000 $ 5.59465714 % 6.75001319
2B5 $ 0.80207588 $ 0.00000000 $ 5.59464070 % 6.74999332
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:
$ 32,785.86
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 152,584,892.53
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 490
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
2PO $ 62,125.64 $ 62,054.01 $ 991.14 GEC9882PO
2A1 $ 61,574,153.06 $ 59,589,048.87 $ 723.61 36157RFM2
2A2 $ 15,125,000.00 $ 15,125,000.00 $ 1,000.00 36157RFN0
2A3 $ 2,500,000.00 $ 2,500,000.00 $ 1,000.00 36157RFP5
2A4 $ 2,750,000.00 $ 2,750,000.00 $ 1,000.00 36157RFQ3
2A5 $ 4,125,000.00 $ 4,125,000.00 $ 1,000.00 36157RFR1
2A6 $ 4,321,969.00 $ 4,321,969.00 $ 1,000.00 36157RFS9
2A7 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFT7
2A8 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFU4
2A9 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFV2
2A10 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFW0
2A11 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFX8
2A12 $ 11,339,531.00 $ 11,339,531.00 $ 1,000.00 36157RFY6
2A13 $ 10,000,000.00 $ 10,000,000.00 $ 1,000.00 36157RFZ3
2A14 $ 17,500,000.00 $ 17,500,000.00 $ 1,000.00 36157RGA7
SUP2 $ 150,208,273.27 $ 148,222,522.77 $ 866.86 GE988SUP2
2R $ 0.00 $ 0.00 $ 0.00 36157RGE9
2M $ 3,401,544.89 $ 3,398,801.81 $ 993.80 36157RGB5
2B1 $ 1,395,429.09 $ 1,394,303.78 $ 993.80 36157RGC3
2B2 $ 698,211.85 $ 697,648.79 $ 993.80 36157RGD1
2B3 $ 698,211.85 $ 697,648.79 $ 993.80 36158GCP1
2B4 $ 348,111.32 $ 347,830.59 $ 993.80 36158GCQ9
2B5 $ 611,549.05 $ 611,055.88 $ 993.80 36158GCR7
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding the
related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
----------------
2. Bankruptcy Loss Amount: $ 0.00
----------------
3. Fraud Loss Amount: $ 0.00
----------------
4. Certificate Interest Rate of the Class S Certificate:% 0.00000000
-----------
Exhibit 99.23
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-09, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 575,390.62
-------------
(b) Interest $ 4,211,718.39
-------------
(c) Total $ 4,787,109.01
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 547,760.86
-------------
(b) Interest $ 4,008,874.43
-------------
(c) Total $ 4,556,635.29
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 27,629.76
-------------
(b) Interest $ 202,843.96
-------------
(c) Total $ 230,473.72
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 309,182.19
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 11,006,835.98
--------------
(b) Interest $ 67,503.50
--------------
(c) Total $ 11,074,339.48
--------------
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: $684,458,244.77
---------------
13. Available Funds: $ 15,803,874.64
---------------
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: $ 10,069.02
-------------
18. Total interest payments: $ 3,912,465.85
-------------
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 $ 264,722.72 $ 0.00 $ 264,722.72 % 6.500000102
A2 $ 295,959.73 $ 0.00 $ 295,959.73 % 6.499999927
A3 $ 1,082,147.59 $ 0.00 $ 1,082,147.59 % 6.999999984
A4 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A5 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A6 $ 72,426.64 $ 0.00 $ 72,426.64 % 6.169530252
A7 $ 29,085.00 $ 0.00 $ 29,085.00 % 7.000000000
A8 $ 287,859.38 $ 0.00 $ 287,859.38 % 6.750000117
A10 $ 821,202.16 $ 0.00 $ 821,202.16 % 6.750000026
A11 $ 113,917.50 $ 0.00 $ 113,917.50 % 6.750000000
A12 $ 128,700.00 $ 0.00 $ 128,700.00 % 6.750000000
A13 $ 130,481.72 $ 0.00 $ 130,481.72 % 6.750000065
A14 $ 29,166.67 $ 0.00 $ 29,166.67 % 7.000000800
A15 $ 178,750.00 $ 0.00 $ 178,750.00 % 6.500000000
A9 $ 28,439.71 $ 0.00 $ 28,439.71 % 6.750000593
A16 $ 27,358.34 $ 0.00 $ 27,358.34 % 8.988954513
A17 $ 125,966.81 $ 0.00 $ 125,966.81 % 6.749999866
A18 $ 55,575.00 $ 0.00 $ 55,575.00 % 6.750000000
A19 $ 72,406.40 $ 0.00 $ 72,406.40 % 6.750000466
RL $ 0.00 $ 0.00 $ 0.00 % 0.000000000
M $ 77,838.28 $ 0.00 $ 77,838.28 % 6.750000353
B1 $ 33,659.95 $ 0.00 $ 33,659.95 % 6.750000746
B2 $ 18,931.97 $ 0.00 $ 18,931.97 % 6.749999831
B3 $ 16,832.77 $ 0.00 $ 16,832.77 % 6.749999175
B4 $ 8,413.59 $ 0.00 $ 8,413.59 % 6.750002362
B5 $ 12,623.91 $ 0.00 $ 12,623.91 % 6.749998787
20. Principal Distribution Amount: $11,891,408.79
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 831.45 $ 0.00
Class A1 $ 0.00 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 7,703,439.46 $ 0.00
Class A4 $ 285,312.58 $ 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 A10 $ 3,877,107.23 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class A13 $ 0.00 $ 0.00
Class A14 $ 0.00 $ 0.00
Class A15 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A16 $ 0.00 $ 0.00
Class A17 $ 0.00 $ 0.00
Class A18 $ 0.00 $ 0.00
Class A19 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 11,432.01 $ 0.00
Class B1 $ 4,943.59 $ 0.00
Class B2 $ 2,780.51 $ 0.00
Class B3 $ 2,472.21 $ 0.00
Class B4 $ 1,235.69 $ 0.00
Class B5 $ 1,854.06 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.01
------------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-----------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A6 % 6.16953025
Class A16 % 8.98895451
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: $ 144,398.00
-----------
3. Supplemental Servicing Fee amount: $ 222,884.83
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.698353 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: % 4.301647
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.24
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-09, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.379884
-------------------------
Weighted average maturity 349.05
-------------------------
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 $ 1.01764680 $ 0.07302040 $ 0.00000000 % 0.00000000
A1 $ 0.00000000 $ 0.00000000 $ 5.41666675 % 6.50000010
A2 $ 0.00000000 $ 0.00000000 $ 5.41666661 % 6.49999993
A3 $ 37.94410584 $ 36.18565818 $ 5.33023241 % 6.99999998
A4 $ 36.16523679 $ 34.48922753 $ 0.00000000 % 0.00000000
A5 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A6 $ 0.00000000 $ 0.00000000 $ 5.14127521 % 6.16953025
A7 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A8 $ 0.00000000 $ 0.00000000 $ 5.62500010 % 6.75000012
A10 $ 23.64084253 $ 22.54525247 $ 5.00731855 % 6.75000003
A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A12 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A13 $ 0.00000000 $ 0.00000000 $ 5.62500005 % 6.75000006
A14 $ 0.00000000 $ 0.00000000 $ 5.83333400 % 7.00000080
A15 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
A9 $ 0.00000000 $ 0.00000000 $ 5.62500049 % 6.75000059
A16 $ 0.00000000 $ 0.00000000 $ 7.49079543 % 8.98895451
A17 $ 0.00000000 $ 0.00000000 $ 5.62499989 % 6.74999987
A18 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A19 $ 0.00000000 $ 0.00000000 $ 5.62500039 % 6.75000047
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
M $ 0.82215102 $ 0.00000000 $ 5.59786264 % 6.75000035
B1 $ 0.82215034 $ 0.00000000 $ 5.59786296 % 6.75000075
B2 $ 0.82214962 $ 0.00000000 $ 5.59786221 % 6.74999983
B3 $ 0.82215165 $ 0.00000000 $ 5.59786166 % 6.74999918
B4 $ 0.82214904 $ 0.00000000 $ 5.59786427 % 6.75000236
B5 $ 0.82215184 $ 0.00000000 $ 5.59786133 % 6.74999879
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:
$ 144,398.00
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 684,458,244.77
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,265
-----------------
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 36158GDQ8
PO $ 800,172.50 $ 799,341.05 $ 978.35 GEC9809PO
A1 $ 48,871,886.00 $ 48,871,886.00 $ 1,000.00 36158GCS5
A2 $ 54,638,720.00 $ 54,638,720.00 $ 1,000.00 36158GCT3
A3 $ 185,511,015.85 $ 177,807,576.39 $ 875.81 36158GCU0
A4 $ 7,240,631.63 $ 6,955,319.05 $ 881.63 36158GCV8
A5 $ 0.00 $ 0.00 $ 0.00 36158GCW6
A6 $ 14,087,291.00 $ 14,087,291.00 $ 1,000.00 36158GCX4
A7 $ 4,986,000.00 $ 4,986,000.00 $ 1,000.00 36158GCY2
A8 $ 51,175,000.00 $ 51,175,000.00 $ 1,000.00 36158GCZ9
A10 $ 145,991,494.55 $ 142,114,387.32 $ 866.55 36158GDB1
A11 $ 20,252,000.00 $ 20,252,000.00 $ 1,000.00 36158GDC9
A12 $ 22,880,000.00 $ 22,880,000.00 $ 1,000.00 36158GDD7
A13 $ 23,196,750.00 $ 23,196,750.00 $ 1,000.00 36158GDE5
A14 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36158GDF2
A15 $ 33,000,000.00 $ 33,000,000.00 $ 1,000.00 36158GDG0
A9 $ 5,055,948.00 $ 5,055,948.00 $ 1,000.00 36158GDA3
A16 $ 3,652,261.00 $ 3,652,261.00 $ 1,000.00 36158GDH8
A17 $ 22,394,100.00 $ 22,394,100.00 $ 1,000.00 36158GDJ4
A18 $ 9,880,000.00 $ 9,880,000.00 $ 1,000.00 36158GDK1
A19 $ 12,872,248.00 $ 12,872,248.00 $ 1,000.00 36158GDL9
SUP $ 659,565,136.03 $ 647,711,525.83 $ 907.06 GEC98009S
RL $ 0.00 $ 0.00 $ 0.00 36158GDR6
M $ 13,837,915.72 $ 13,826,483.71 $ 994.35 36158GDM7
B1 $ 5,983,990.45 $ 5,979,046.86 $ 994.35 36158GDN5
B2 $ 3,365,683.64 $ 3,362,903.12 $ 994.35 36158GDP0
B3 $ 2,992,492.81 $ 2,990,020.60 $ 994.35 36158GDS4
B4 $ 1,495,748.81 $ 1,494,513.12 $ 994.35 36158GDT2
B5 $ 2,244,251.07 $ 2,242,397.01 $ 994.35 36158GDU9
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 9 Principal Balance $ 2,444,481.32
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 234,808.58
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 1 Principal Balance $ 317,352.70
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A6 % 6.16953025
A16 % 8.98895451
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
---------------
2. Bankruptcy Loss Amount: $ 0.00
---------------
3. Fraud Loss Amount: $ 0.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class A4_1 $ 0.00
Class A4_2 $ 0.00
Class A4_3 $ 0.00
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class A4_1 $ 6,585,466.05
Class A4_2 $ 185,186.00
Class A4_3 $ 184,667.00
Exhibit 99.25
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-10A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 375,795.21
----------------
(b) Interest $ 2,828,690.78
----------------
(c) Total $ 3,204,485.99
----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 321,498.72
----------------
(b) Interest $ 2,418,393.80
----------------
(c) Total $ 2,739,892.52
----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 54,296.49
----------------
(b) Interest $ 410,296.98
----------------
(c) Total $ 464,593.47
----------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 156,009.85
----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 6,454,452.28
----------------
(b) Interest $ 37,710.89
----------------
(c) Total $ 6,492,163.17
----------------
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: $ 458,543,868.33
---------------
13. Available Funds: $ 9,601,319.73
---------------
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: $ 8,399.94
----------------
18. Total interest payments: $ 2,615,062.39
----------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO1 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 554,404.96 $ 0.00 $ 554,404.96 % 6.650000020
1A2 $ 189,583.33 $ 0.00 $ 189,583.33 % 6.499999886
1A3 $ 152,160.00 $ 0.00 $ 152,160.00 % 6.400000000
1A4 $ 23,949.83 $ 0.00 $ 23,949.83 % 6.749999058
1A5 $ 1,088,596.30 $ 0.00 $ 1,088,596.30 % 7.000000032
1A6 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A7 $ 36,859.58 $ 0.00 $ 0.00 % 7.000000258
1A8 $ 6,886.17 $ 0.00 $ 0.00 % 6.999999204
1A9 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A10 $ 449,949.38 $ 0.00 $ 449,949.38 % 6.750000075
1R $ 0.56 $ 0.00 $ 0.56 % 44.640000000
1RL $ 0.56 $ 0.00 $ 0.56 % 6.720000000
1M $ 52,106.51 $ 0.00 $ 52,106.51 % 6.749999530
1B1 $ 22,534.51 $ 0.00 $ 22,534.51 % 6.749998940
1B2 $ 12,675.31 $ 0.00 $ 12,675.31 % 6.749997916
1B3 $ 11,264.46 $ 0.00 $ 11,264.46 % 6.750001539
1B4 $ 5,632.23 $ 0.00 $ 5,632.23 % 6.750001573
1B5 $ 8,455.54 $ 0.00 $ 8,455.54 % 6.750000679
20. Principal Distribution Amount: $ 6,986,257.34
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO1 $ 708.09 $ 0.00
Class 1A1 $ 0.00 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 1,409,132.37 $ 0.00
Class 1A6 $ 0.00 $ 0.00
Class 1A7 $ 5,355,071.44 $ 36,859.58
Class 1A8 $ 0.00 $ 6,886.17
Class 1A9 $ 248,925.31 $ 0.00
Class 1A10 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1RL $ 0.00 $ 0.00
Class 1M $ 7,476.33 $ 0.00
Class 1B1 $ 3,233.29 $ 0.00
Class 1B2 $ 1,818.68 $ 0.00
Class 1B3 $ 1,616.24 $ 0.00
Class 1B4 $ 808.12 $ 0.00
Class 1B5 $ 1,213.22 $ 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
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
----------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied:
Yes No
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 98,054.64
-----------
3. Supplemental Servicing Fee amount: $ 155,408.44
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.691553 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: % 4.308447
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.26
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-10A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.398679
-----------------------
Weighted average maturity 350.52
-----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO1 $ 1.11664632 $ 0.19948843 $ 0.00000000 % 0.00000000
1A1 $ 0.00000000 $ 0.00000000 $ 5.54166668 % 6.65000002
1A2 $ 0.00000000 $ 0.00000000 $ 5.41666657 % 6.49999989
1A3 $ 0.00000000 $ 0.00000000 $ 5.33333333 % 6.40000000
1A4 $ 0.00000000 $ 0.00000000 $ 5.62499941 % 6.74999906
1A5 $ 7.30498896 $ 6.92865153 $ 5.64331934 % 7.00000003
1A6 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1A7 $ 404.48827654 $ 386.30891390 $ 2.80343626 % 7.00000026
1A8 $ 0.00000000 $ 0.00000000 $ 6.04050000 % 6.99999920
1A9 $ 29.18917800 $ 27.68541393 $ 0.00000000 % 0.00000000
1A10 $ 0.00000000 $ 0.00000000 $ 5.62500006 % 6.75000008
1R $ 0.00000000 $ 0.00000000 $ 37.20000000 % 44.64000000
1RL $ 0.00000000 $ 0.00000000 $ 5.60000000 % 6.72000000
1M $ 0.80330182 $ 0.00000000 $ 5.59863651 % 6.74999953
1B1 $ 0.80330186 $ 0.00000000 $ 5.59863602 % 6.74999894
1B2 $ 0.80330389 $ 0.00000000 $ 5.59863516 % 6.74999792
1B3 $ 0.80330020 $ 0.00000000 $ 5.59863817 % 6.75000154
1B4 $ 0.80330020 $ 0.00000000 $ 5.59863817 % 6.75000157
1B5 $ 0.80330516 $ 0.00000000 $ 5.59863744 % 6.75000068
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
1A7 $ 36,859.58
1A8 $ 6,886.17
2. The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 98,054.64
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 458,543,868.33
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,502
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO1 $ 630,143.87 $ 629,435.79 $ 992.61 GEC9810P1
1A1 $ 100,043,000.00 $ 100,043,000.00 $ 1,000.00 36158GDV7
1A2 $ 35,000,000.00 $ 35,000,000.00 $ 1,000.00 36158GDW5
1A3 $ 28,530,000.00 $ 28,530,000.00 $ 1,000.00 36158GDX3
1A4 $ 4,257,748.15 $ 4,257,748.15 $ 1,000.00 36158GDY1
1A5 $ 186,616,507.73 $ 185,207,375.36 $ 960.12 36158GDZ8
1A6 $ 0.00 $ 0.00 $ 0.00 36158GEA2
1A7 $ 6,318,784.91 $ 1,000,573.04 $ 76.10 36158GEB0
1A8 $ 1,180,486.42 $ 1,187,372.59 $ 1,041.55 36158GEC8
1A9 $ 7,190,035.37 $ 6,941,110.06 $ 813.92 36158GED6
1A10 $ 79,991,000.00 $ 79,991,000.00 $ 1,000.00 36158GEE4
SUP1 $ 435,094,404.43 $ 428,140,559.87 $ 906.18 GEC9810S1
1R $ 100.00 $ 100.00 $ 1,000.00 36158GEF1
1RL $ 100.00 $ 100.00 $ 1,000.00 36158GEG9
1M $ 9,263,380.20 $ 9,255,903.87 $ 994.51 36157RGR0
1B1 $ 4,006,135.74 $ 4,002,902.45 $ 994.51 36157RGS8
1B2 $ 2,253,389.14 $ 2,251,570.47 $ 994.51 36157RGT6
1B3 $ 2,002,570.21 $ 2,000,953.97 $ 994.51 36157RHH1
1B4 $ 1,001,285.10 $ 1,000,476.98 $ 994.51 36157RHJ7
1B5 $ 1,503,206.96 $ 1,501,993.75 $ 994.51 36157RHK4
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 5 Principal Balance $ 1,534,334.19
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 358,613.52
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.27
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-10B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 475,809.99
---------------
(b) Interest $ 810,582.03
---------------
(c) Total $ 1,286,392.02
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 355,474.96
---------------
(b) Interest $ 608,484.07
---------------
(c) Total $ 963,959.03
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 120,335.03
---------------
(b) Interest $ 202,097.96
---------------
(c) Total $ 322,432.99
---------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 66,320.54
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,702,924.63
---------------
(b) Interest $ 9,576.70
---------------
(c) Total $ 1,712,501.33
---------------
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: $ 137,213,818.48
---------------
13. Available Funds: $ 2,997,958.97
---------------
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: $ 979.13
---------------
18. Total interest payments: $ 752,903.81
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO2 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 172,060.42 $ 0.00 $ 172,060.42 % 6.500000126
2A2 $ 162,147.92 $ 0.00 $ 162,147.92 % 6.500000134
2A3 $ 242,962.11 $ 0.00 $ 242,962.11 % 6.500000018
2A4 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A5 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A6 $ 106,016.47 $ 0.00 $ 106,016.47 % 6.500000138
2A7 $ 50,456.25 $ 0.00 $ 50,456.25 % 6.500000000
2R $ 0.54 $ 0.00 $ 0.54 % 6.480000000
2M $ 7,222.23 $ 0.00 $ 7,222.23 % 6.500003360
2B1 $ 4,009.40 $ 0.00 $ 4,009.40 % 6.500003803
2B2 $ 2,007.35 $ 0.00 $ 2,007.35 % 6.499986886
2B3 $ 3,207.52 $ 0.00 $ 3,207.52 % 6.500003715
2B4 $ 1,205.47 $ 0.00 $ 1,205.47 % 6.499975691
2B5 $ 1,608.13 $ 0.00 $ 1,608.13 % 6.500012227
20. Principal Distribution Amount: $ 2,245,055.16
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO2 $ 4,933.56 $ 0.00
Class 2A1 $ 0.00 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 2,129,452.48 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 0.00 $ 0.00
Class 2A6 $ 98,539.92 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2M $ 4,548.25 $ 0.00
Class 2B1 $ 2,524.95 $ 0.00
Class 2B2 $ 1,264.15 $ 0.00
Class 2B3 $ 2,019.96 $ 0.00
Class 2B4 $ 759.16 $ 0.00
Class 2B5 $ 1,012.73 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied:
Yes No
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 29,681.39
-----------
3. Supplemental Servicing Fee amount: $ 37,839.82
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 97.441891 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: % 2.558109
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Nee
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.28
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-10B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.063607
---------------------
Weighted average maturity 170.34
---------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO2 $ 10.45425168 $ 6.93053257 $ 0.00000000 % 0.00000000
2A1 $ 0.00000000 $ 0.00000000 $ 5.41666677 % 6.50000013
2A2 $ 0.00000000 $ 0.00000000 $ 5.41666678 % 6.50000013
2A3 $ 39.70266580 $ 31.46954004 $ 4.52991722 % 6.50000002
2A4 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2A5 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2A6 $ 4.89031861 $ 3.87621538 $ 5.26136328 % 6.50000014
2A7 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
2R $ 0.00000000 $ 0.00000000 $ 5.40000000 % 6.48000000
2M $ 3.34430147 $ 0.00000000 $ 5.31046324 % 6.50000336
2B1 $ 3.34430464 $ 0.00000000 $ 5.31046358 % 6.50000380
2B2 $ 3.34431217 $ 0.00000000 $ 5.31044974 % 6.49998689
2B3 $ 3.34430464 $ 0.00000000 $ 5.31046358 % 6.50000372
2B4 $ 3.34431718 $ 0.00000000 $ 5.31044053 % 6.49997569
2B5 $ 3.34430224 $ 0.00000000 $ 5.31047048 % 6.50001223
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:
$ 29,681.39
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 137,213,818.48
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 431
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO2 $ 461,249.10 $ 456,315.54 $ 966.94 GEC9810P2
2A1 $ 31,765,000.00 $ 31,765,000.00 $ 1,000.00 36158GEH7
2A2 $ 29,935,000.00 $ 29,935,000.00 $ 1,000.00 36158GEJ3
2A3 $ 44,854,543.26 $ 42,725,090.78 $ 796.59 36158GEK0
2A4 $ 0.00 $ 0.00 $ 0.00 36158GEL8
2A5 $ 0.00 $ 0.00 $ 0.00 36158GEM6
2A6 $ 19,572,270.97 $ 19,473,731.04 $ 966.44 36158GEN4
2A7 $ 9,315,000.00 $ 9,315,000.00 $ 1,000.00 36158GEP9
SUP2 $ 126,061,354.51 $ 124,116,624.19 $ 903.45 GEC9810S2
2R $ 100.00 $ 100.00 $ 1,000.00 36158GEQ7
2M $ 1,333,334.08 $ 1,328,785.82 $ 977.05 36157RHD0
2B1 $ 740,196.49 $ 737,671.54 $ 977.05 36157RHE8
2B2 $ 370,588.44 $ 369,324.30 $ 977.05 36157RHF5
2B3 $ 592,157.20 $ 590,137.24 $ 977.05 36157RHL2
2B4 $ 222,549.14 $ 221,789.99 $ 977.05 36157RHM0
2B5 $ 296,884.98 $ 295,872.24 $ 977.05 36157RHN8
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 1 Principal Balance $ 294,237.60
-------- ------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.29
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-11A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 396,618.22
--------------
(b) Interest $ 2,989,378.63
--------------
(c) Total $ 3,385,996.85
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 366,145.93
--------------
(b) Interest $ 2,758,973.64
--------------
(c) Total $ 3,125,119.57
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 30,472.29
--------------
(b) Interest $ 230,404.99
--------------
(c) Total $ 260,877.28
--------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 67,972.69
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 7,070,631.70
--------------
(b) Interest $ 43,212.49
--------------
(c) Total $ 7,113,844.19
--------------
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: $ 484,618,345.58
---------------
13. Available Funds: $ 10,301,220.88
---------------
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: $ 5,426.69
--------------
18. Total interest payments: $ 2,765,998.25
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
1PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
1A1 $ 998,855.17 $ 0.00 $998,855.17 %6.749999998
1A2 $ 264,848.01 $ 0.00 $264,848.01 %6.750000067
1A3 $ 28,350.00 $ 0.00 $ 28,350.00 %7.000000000
1A4 $ 23,216.67 $ 0.00 $ 23,216.67 %7.000001005
1A5 $ 23,216.67 $ 0.00 $ 23,216.67 %7.000001005
1A6 $ 23,216.67 $ 0.00 $ 23,216.67 %7.000001005
1A7 $ 91,000.00 $ 0.00 $ 91,000.00 %6.500000000
1A8 $ 233,573.17 $ 0.00 $233,573.17 %6.750000018
1A9 $ 13,096.47 $ 0.00 $ 13,096.47 %6.750001981
1A10 $ 55,800.00 $ 0.00 $ 55,800.00 %6.750000000
1A11 $ 286,875.00 $ 0.00 $286,875.00 %6.750000000
1A12 $ 194,943.97 $ 0.00 $194,943.97 %6.750000167
1A13 $ 67,061.02 $ 0.00 $ 67,061.02 %6.750000040
1A14 $ 0.00 $ 0.00 $ 0.00 %0.000000000
1A15 $ 252,625.20 $ 0.00 $252,625.20 %6.749999932
1A16 $ 89,220.32 $ 0.00 $ 89,220.32 %6.750000184
1A17 $ 4,050.00 $ 0.00 $ 4,050.00 %6.750000000
1R $ 0.00 $ 0.00 $ 0.00 %0.000000000
1M $ 53,669.91 $ 0.00 $ 53,669.91 %6.749999465
1B1 $ 23,212.70 $ 0.00 $ 23,212.70 %6.749999955
1B2 $ 13,054.69 $ 0.00 $ 13,054.69 %6.749998656
1B3 $ 11,603.55 $ 0.00 $ 11,603.55 %6.750000796
1B4 $ 5,804.58 $ 0.00 $ 5,804.58 %6.750004928
1B5 $ 8,704.48 $ 0.00 $ 8,704.48 %6.750002491
20. Principal Distribution Amount: $ 7,535,222.63
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 437.57 $ 0.00
Class 1A1 $ 4,036,282.20 $ 0.00
Class 1A2 $ 763,370.05 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class 1A6 $ 0.00 $ 0.00
Class 1A7 $ 0.00 $ 0.00
Class 1A8 $ 0.00 $ 0.00
Class 1A9 $ 278,404.31 $ 0.00
Class 1A10 $ 0.00 $ 0.00
Class 1A11 $ 0.00 $ 0.00
Class 1A12 $ 145,761.96 $ 0.00
Class 1A13 $ 912,976.17 $ 0.00
Class 1A14 $ 0.00 $ 0.00
Class 1A15 $ 190,179.87 $ 0.00
Class 1A16 $ 1,191,186.55 $ 0.00
Class 1A17 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1M $ 7,688.12 $ 0.00
Class 1B1 $ 3,325.18 $ 0.00
Class 1B2 $ 1,870.06 $ 0.00
Class 1B3 $ 1,662.19 $ 0.00
Class 1B4 $ 831.50 $ 0.00
Class 1B5 $ 1,246.90 $ 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
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
--------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied:
Yes No
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 100,426.04
-----------
3. Supplemental Servicing Fee amount: $ 165,929.69
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category A Category B Category C
5. Senior Percentage: %N/A N/A N/A N/A
---- ----- ------- -------
6. Group I Senior Percentage:
%N/A N/A N/A N/A
---- ----- ------- -------
7. Group II Senior Percentage:
%N/A N/A N/A N/A
---- ----- ------- -------
8. Senior Prepayment Percentage:
%N/A N/A N/A N/A
---- ----- ------- -------
9. Group I Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ----- ------- -------
10. Group II Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ----- ------- -------
11. Junior Percentage: %N/A
----
12. Junior Prepayment Percentage:
%N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.30
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-11A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.398864
-----------------------
Weighted average maturity 350.75
-----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
1PO $ 1.03498273 $ 0.10315057 $ 0.00000000 % 0.00000000
1A1 $ 21.09922739 $ 20.03390392 $ 5.22140706 % 6.75000000
1A2 $ 15.36574175 $ 14.58990821 $ 5.33107911 % 6.75000007
1A3 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
1A4 $ 0.00000000 $ 0.00000000 $ 5.83333417 % 7.00000101
1A5 $ 0.00000000 $ 0.00000000 $ 5.83333417 % 7.00000101
1A6 $ 0.00000000 $ 0.00000000 $ 5.83333417 % 7.00000101
1A7 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
1A8 $ 0.00000000 $ 0.00000000 $ 5.62500002 % 6.75000002
1A9 $ 85.00894962 $ 80.71675115 $ 3.99892214 % 6.75000198
1A10 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A12 $ 4.14096477 $ 3.93188295 $ 5.53818097 % 6.75000017
1A13 $ 61.27356846 $ 58.17979799 $ 4.50073960 % 6.75000004
1A14 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1A15 $ 4.16878277 $ 3.95829636 $ 5.53759754 % 6.74999993
1A16 $ 60.00939798 $ 56.97945642 $ 4.49472645 % 6.75000018
1A17 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1M $ 0.80260152 $ 0.00000000 $ 5.60287191 % 6.74999946
1B1 $ 0.80260198 $ 0.00000000 $ 5.60287231 % 6.74999995
1B2 $ 0.80260086 $ 0.00000000 $ 5.60287124 % 6.74999866
1B3 $ 0.80260261 $ 0.00000000 $ 5.60287301 % 6.75000080
1B4 $ 0.80260618 $ 0.00000000 $ 5.60287645 % 6.75000493
1B5 $ 0.80260097 $ 0.00000000 $ 5.60287440 % 6.75000249
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:
$ 100,426.04
------------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 484,618,345.58
------------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,568
------------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
1PO $ 420,549.65 $ 420,112.08 $ 993.69 GE98111PO
1A1 $ 177,574,252.49 $ 173,537,970.29 $ 907.15 36157RJC0
1A2 $ 47,084,090.20 $ 46,320,720.15 $ 932.38 36157RJD8
1A3 $ 4,860,000.00 $ 4,860,000.00 $ 1,000.00 36157RJE6
1A4 $ 3,980,000.00 $ 3,980,000.00 $ 1,000.00 36157RJF3
1A5 $ 3,980,000.00 $ 3,980,000.00 $ 1,000.00 36157RJG1
1A6 $ 3,980,000.00 $ 3,980,000.00 $ 1,000.00 36157RJH9
1A7 $ 16,800,000.00 $ 16,800,000.00 $ 1,000.00 36157RJJ5
1A8 $ 41,524,119.00 $ 41,524,119.00 $ 1,000.00 36157RJK2
1A9 $ 2,328,260.65 $ 2,049,856.34 $ 625.91 36157RJL0
1A10 $ 9,920,000.00 $ 9,920,000.00 $ 1,000.00 36157RJM8
1A11 $ 51,000,000.00 $ 51,000,000.00 $ 1,000.00 36157RJN6
1A12 $ 34,656,704.92 $ 34,510,942.96 $ 980.42 36157RJP1
1A13 $ 11,921,959.04 $ 11,008,982.87 $ 738.86 36157RJQ9
1A14 $ 0.00 $ 0.00 $ 0.00 36157RJR7
1A15 $ 44,911,147.12 $ 44,720,967.25 $ 980.29 36157RJS5
1A16 $ 15,861,389.79 $ 14,670,203.24 $ 739.05 36157RJT3
1A17 $ 720,000.00 $ 720,000.00 $ 1,000.00 36157RJU0
SUP1 $ 468,916,891.25 $ 461,406,346.05 $ 933.19 G9811SUP1
1R $ 0.00 $ 0.00 $ 0.00 36157RJY2
1M $ 9,541,318.09 $ 9,533,629.97 $ 995.26 36157RJV8
1B1 $ 4,126,702.25 $ 4,123,377.07 $ 995.26 36157RJW6
1B2 $ 2,320,834.24 $ 2,318,964.17 $ 995.26 36157RJX4
1B3 $ 2,062,853.09 $ 2,061,190.90 $ 995.26 36157RLG8
1B4 $ 1,031,924.58 $ 1,031,093.08 $ 995.26 36157RLH6
1B5 $ 1,547,462.54 $ 1,546,215.64 $ 995.26 36157RLJ2
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 $ 2,554,618.50
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
---------------
2. Bankruptcy Loss Amount: $ 0.00
---------------
3. Fraud Loss Amount: $ 0.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.31
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-11B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 186,811.73
--------------
(b) Interest $ 1,419,599.07
--------------
(c) Total $ 1,606,410.80
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 171,695.38
--------------
(b) Interest $ 1,299,100.90
--------------
(c) Total $ 1,470,796.28
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 15,116.35
--------------
(b) Interest $ 120,498.17
--------------
(c) Total $ 135,614.52
--------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 43,196.42
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,963,155.23
--------------
(b) Interest $ 24,202.12
--------------
(c) Total $ 3,987,357.35
--------------
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: $ 229,379,193.72
---------------
13. Available Funds: $ 5,508,046.46
---------------
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: $ 3,722.08
--------------
18. Total interest payments: $ 1,314,883.07
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- -------------------- ------- ------------
2PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 129,060.52 $ 0.00 $ 129,060.52 % 6.750000166
2A2 $ 40,484.17 $ 0.00 $ 40,484.17 % 6.500000535
2A3 $ 9,676.43 $ 0.00 $ 9,676.43 % 6.012497280
2A4 $ 140,089.68 $ 0.00 $ 140,089.68 % 6.750000000
2A5 $ 131,479.04 $ 0.00 $ 131,479.04 % 6.750000247
2A6 $ 53,440.82 $ 0.00 $ 53,440.82 % 6.500000104
2A7 $ 4,003.35 $ 0.00 $ 4,003.35 % 9.594645299
2A8 $ 10,208.33 $ 0.00 $ 10,208.33 % 6.999997714
2A9 $ 11,666.67 $ 0.00 $ 11,666.67 % 8.000002286
2A10 $ 406,516.21 $ 0.00 $ 406,516.21 % 6.749999963
2A11 $ 250,312.50 $ 0.00 $ 250,312.50 % 6.750000000
2A12 $ 26,474.97 $ 0.00 $ 26,474.97 % 6.749999144
2A13 $ 2,055.42 $ 0.00 $ 2,055.42 % 0.250000472
2A14 $ 14,530.83 $ 0.00 $ 14,530.83 % 6.999998394
2A15 $ 14,530.83 $ 0.00 $ 14,530.83 % 6.999998394
2A16 $ 14,536.67 $ 0.00 $ 14,536.67 % 7.000001605
2R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2RL $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2M $ 25,812.99 $ 0.00 $ 25,812.99 % 6.750000897
2B1 $ 11,161.16 $ 0.00 $ 11,161.16 % 6.749999327
2B2 $ 6,280.95 $ 0.00 $ 6,280.95 % 6.749995003
2B3 $ 5,580.58 $ 0.00 $ 5,580.58 % 6.749999327
2B4 $ 2,790.29 $ 0.00 $ 2,790.29 % 6.749999259
2B5 $ 4,190.66 $ 0.00 $ 4,190.66 % 6.749995037
20. Principal Distribution Amount: $ 4,193,163.39
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 230.61 $ 0.00
Class 2A1 $ 127,376.92 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 1,931,263.41 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 599,747.06 $ 0.00
Class 2A6 $ 41,176.80 $ 0.00
Class 2A7 $ 500,698.03 $ 0.00
Class 2A8 $ 0.00 $ 0.00
Class 2A9 $ 0.00 $ 0.00
Class 2A10 $ 779,365.77 $ 0.00
Class 2A11 $ 0.00 $ 0.00
Class 2A12 $ 205,369.31 $ 0.00
Class 2A13 $ 0.00 $ 0.00
Class 2A14 $ 0.00 $ 0.00
Class 2A15 $ 0.00 $ 0.00
Class 2A16 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2RL $ 0.00 $ 0.00
Class 2M $ 3,669.84 $ 0.00
Class 2B1 $ 1,586.79 $ 0.00
Class 2B2 $ 892.97 $ 0.00
Class 2B3 $ 793.39 $ 0.00
Class 2B4 $ 396.70 $ 0.00
Class 2B5 $ 595.79 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
----------------
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 2A3 % 6.01249728
Class 2A7 % 9.59464530
Class 2A9 % 8.00000229
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied:
Yes No
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 47,948.58
----------
3. Supplemental Servicing Fee amount: $ 83,514.42
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: %N/A N/A N/A N/A
---- ---- -------- --------
6. Group I Senior Percentage:
%N/A N/A N/A N/A
---- ---- -------- --------
7. Group II Senior Percentage:
%N/A N/A N/A N/A
---- ---- -------- --------
8. Senior Prepayment Percentage:
%N/A N/A N/A N/A
---- ---- -------- --------
9. Group I Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ---- -------- --------
10. Group II Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ---- -------- --------
11. Junior Percentage: %N/A
----
12. Junior Prepayment Percentage:
%N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.32
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-11B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.423239
---------------------
Weighted average maturity 350.72
---------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
2PO $ 1.12232085 $ 0.21987969 $ 0.00000000 %0.00000000
2A1 $ 5.49562428 $ 5.26097210 $ 5.56826250 %6.75000017
2A2 $ 0.00000000 $ 0.00000000 $ 5.41666711 %6.50000054
2A3 $ 166.00419398 $ 158.91615422 $ 0.83174980 %6.01249728
2A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A5 $ 24.85998176 $ 23.79851150 $ 5.44990839 %6.75000025
2A6 $ 4.11768000 $ 3.94186400 $ 5.34408200 %6.50000010
2A7 $ 166.00419339 $ 158.91615446 $ 1.32729279 %9.59464530
2A8 $ 0.00000000 $ 0.00000000 $ 5.83333143 %6.99999771
2A9 $ 0.00000000 $ 0.00000000 $ 6.66666857 %8.00000229
2A10 $ 10.57484084 $ 10.12331682 $ 5.51582374 %6.74999996
2A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A12 $ 38.20824372 $ 36.57682977 $ 4.92557581 %6.74999914
2A13 $ 0.00000000 $ 0.00000000 $ 0.20554200 %0.25000047
2A14 $ 0.00000000 $ 0.00000000 $ 5.83333200 %6.99999839
2A15 $ 0.00000000 $ 0.00000000 $ 5.83333200 %6.99999839
2A16 $ 0.00000000 $ 0.00000000 $ 5.83333467 %7.00000161
2R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
2RL $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
2M $ 0.79657912 $ 0.00000000 $ 5.60299327 %6.75000090
2B1 $ 0.79658133 $ 0.00000000 $ 5.60299197 %6.74999933
2B2 $ 0.79658341 $ 0.00000000 $ 5.60298840 %6.74999500
2B3 $ 0.79657631 $ 0.00000000 $ 5.60299197 %6.74999933
2B4 $ 0.79658635 $ 0.00000000 $ 5.60299197 %6.74999926
2B5 $ 0.79658205 $ 0.00000000 $ 5.60298850 %6.74999504
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:
$ 47,948.58
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 229,379,193.72
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 757
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
2PO $ 204,255.10 $ 204,024.49 $ 992.94 GE98112PO
2A1 $ 22,944,091.88 $ 22,816,714.97 $ 984.42 36157RJZ9
2A2 $ 7,474,000.00 $ 7,474,000.00 $ 1,000.00 36157RKA2
2A3 $ 1,931,263.41 $ 0.00 $ 0.00 GE98112A3
2A4 $ 24,904,832.00 $ 24,904,832.00 $ 1,000.00 36157RKC8
2A5 $ 23,374,050.70 $ 22,774,303.64 $ 944.01 36157RKD6
2A6 $ 9,865,997.38 $ 9,824,820.58 $ 982.48 36157RKE4
2A7 $ 500,698.03 $ 0.00 $ 0.00 GE98112A7
2A8 $ 1,750,000.00 $ 1,750,000.00 $ 1,000.00 36157RKG9
2A9 $ 1,750,000.00 $ 1,750,000.00 $ 1,000.00 36157RKH7
2A10 $ 72,269,548.84 $ 71,490,183.07 $ 970.02 36157RKJ3
2A11 $ 44,500,000.00 $ 44,500,000.00 $ 1,000.00 36157RKK0
2A12 $ 4,706,661.93 $ 4,501,292.62 $ 837.45 36157RKL8
2A13 $ 9,865,997.38 $ 9,824,820.58 $ 982.48 36157RKM6
2A14 $ 2,491,000.00 $ 2,491,000.00 $ 1,000.00 36157RKN4
2A15 $ 2,491,000.00 $ 2,491,000.00 $ 1,000.00 36157RKP9
2A16 $ 2,492,000.00 $ 2,492,000.00 $ 1,000.00 36157RKQ7
SUP2 $ 220,959,128.07 $ 216,779,744.21 $ 917.13 G9811SUP2
2R $ 0.00 $ 0.00 $ 0.00 36157RKU8
2RL $ 0.00 $ 0.00 $ 0.00 36157RKV6
2M $ 4,588,975.39 $ 4,585,305.55 $ 995.29 36157RKR5
2B1 $ 1,984,206.42 $ 1,982,619.64 $ 995.29 36157RKS3
2B2 $ 1,116,614.16 $ 1,115,721.19 $ 995.29 36157RKT1
2B3 $ 992,103.21 $ 991,309.82 $ 995.29 36157RLK9
2B4 $ 496,051.61 $ 495,654.91 $ 995.29 36157RLL7
2B5 $ 745,006.77 $ 744,410.98 $ 995.29 36157RLM5
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 $ 2,199,204.96
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 300,645.39
-------- -------------
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
2A3 % 6.01249728
2A7 % 9.59464530
2A9 % 8.00000229
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.33
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-11C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 358,758.41
--------------
(b) Interest $ 625,476.85
--------------
(c) Total $ 984,235.26
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 302,221.09
--------------
(b) Interest $ 527,929.95
--------------
(c) Total $ 830,151.04
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 56,537.32
--------------
(b) Interest $ 97,546.90
--------------
(c) Total $ 154,084.22
--------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 39,181.44
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,333,888.85
--------------
(b) Interest $ 14,642.87
--------------
(c) Total $ 2,348,531.72
--------------
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 $ 143,719.12
---------------
(b) Interest $ 391.04
---------------
(c) Total $ 144,110.16
---------------
12. Pool Scheduled Principal Balance: $ 105,343,188.29
---------------
13. Available Funds: $ 3,460,176.09
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
--------------
17. Compensating Interest Payment: $ 2,551.97
--------------
18. Total interest payments: $ 584,628.27
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
3PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
SUP3 $ 33,376.48 $ 0.00 $ 33,376.48 %0.401550554
3A $ 570,753.49 $ 0.00 $ 570,753.49 %6.500000035
3M $ 6,165.81 $ 0.00 $ 6,165.81 %6.499997057
3B1 $ 3,080.24 $ 0.00 $ 3,080.24 %6.499996140
3B2 $ 1,540.12 $ 0.00 $ 1,540.12 %6.499996254
3B3 $ 1,236.36 $ 0.00 $ 1,236.36 %6.499999912
3B4 $ 921.94 $ 0.00 $ 921.94 %6.499993802
3B5 $ 930.31 $ 0.00 $ 930.31 %6.500027948
3R $ 0.00 $ 0.00 $ 0.00 %0.000000000
20. Principal Distribution Amount: $ 2,875,547.82
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 3PO $ 1,244.87 $ 0.00
Class SUP3 $ 0.00 $ 0.00
Class 3A $ 2,865,812.88 $ 0.00
Class 3M $ 3,772.90 $ 0.00
Class 3B1 $ 1,884.82 $ 0.00
Class 3B2 $ 942.41 $ 0.00
Class 3B3 $ 756.54 $ 0.00
Class 3B4 $ 564.14 $ 0.00
Class 3B5 $ 569.26 $ 0.00
Class 3R $ 0.00 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
3B1 $ 0.00 $ 0.00
3B2 $ 0.00 $ 0.00
3B3 $ 0.00 $ 0.00
3B4 $ 0.00 $ 0.00
3B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
--------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied:
Yes No
Class-3B1 X
Class-3B2 X
Class-3B3 X
Class-3B4 X
Class-3B5 X
2. Base Servicing Fee amount: $ 22,242.18
-----------
3. Supplemental Servicing Fee amount: $ 33,376.48
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
----- ---- -------- -------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----- ---- -------- -------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----- ---- -------- -------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
----- ---- -------- -------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----- ---- -------- -------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----- ---- -------- -------
11. Junior Percentage: % N/A
-----
12. Junior Prepayment Percentage:
% N/A
-----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.34
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-11C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.106183
-------------------------
Weighted average maturity 171.51
-------------------------
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
----- ----------- ----------- ----------- -----------
3PO $ 4.25053095 $ 0.76691683 $ 0.00000000 % 0.00000000
SUP3 $ 0.00000000 $ 0.00000000 $ 0.31170660 % 0.40155055
3A $ 25.40216513 $ 22.30647893 $ 5.05907922 % 6.50000003
3M $ 3.26093345 $ 0.00000000 $ 5.32913570 % 6.49999706
3B1 $ 3.26093426 $ 0.00000000 $ 5.32913495 % 6.49999614
3B2 $ 3.26093426 $ 0.00000000 $ 5.32913495 % 6.49999625
3B3 $ 3.26094828 $ 0.00000000 $ 5.32913793 % 6.49999991
3B4 $ 3.26092486 $ 0.00000000 $ 5.32913295 % 6.49999380
3B5 $ 3.26093264 $ 0.00000000 $ 5.32916109 % 6.50002795
3R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
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:
$ 22,242.18
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 105,343,188.29
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 344
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
3PO $ 287,362.45 $ 286,117.58 $ 976.93 GE98113PO
SUP3 $ 99,742,798.42 $ 96,904,072.84 $ 905.00 G9811SUP3
3A $ 105,369,874.51 $ 102,504,061.63 $ 908.58 36157RKW4
3M $ 1,138,303.90 $ 1,134,530.99 $ 980.58 36157RKX2
3B1 $ 568,660.03 $ 566,775.21 $ 980.58 36157RKY0
3B2 $ 284,330.01 $ 283,387.60 $ 980.58 36157RKZ7
3B3 $ 228,251.08 $ 227,494.55 $ 980.58 36157RLA1
3B4 $ 170,204.47 $ 169,640.33 $ 980.58 36157RLB9
3B5 $ 171,748.80 $ 171,179.54 $ 980.58 36157RLC7
3R $ 0.00 $ 0.00 $ 0.00 36157RLD5
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 $ 358,863.64
-------- -----------
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: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.40155055
-----------
Exhibit 99.35
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
DECEMBER 1998
Home Equity Loan Pass-Through Certificates,
Series 1998-HE2
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
(1) Aggregate Monthly Payments Due: $1,662,302.89
--------------
(2) Aggregate Monthly Payments received and Monthly Advances made this
Month:
(a) Principal $313,603.11
-----------
(b) Interest $1,431,631.81
-----------
(c) Total $1,745,234.92
-----------
(3) Aggregate Principal Prepayments in part received on Self- Amortizing
Mortgage Loans and applied in the applicable Prepayment Period:
(a) Principal $38,566.62
--------
(c) Total $38,566.62
--------
(4) Aggregate Principal Prepayments in full received in the applicable
Prepayment period:
(a) Principal $3,055,898.83
-----------
(b) Interest $28,952.81
-----------
(c) Total $3,084,851.64
-----------
(5) Aggregate Insurance Proceeds (inculding purchases of Mortgage Loans by
primary mortgage insurers) for prior month:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(6) Aggregate Liquidation Proceeds for prior month:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(7) Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(8) Aggregate Purchase Prices for (and substitution adjustments) for
Defective Mortgage Loans:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(9) Aggregate Purchase Prices for for Document Deficiencies per Sec. 2.02
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(10) Pool Principal Balance $183,768,863.83
------------------
(11) Available Funds: $4,781,579.87
-----------
(12) Realized Losses for
prior month: $0.00
-----------
(13) Aggregate Realized Losses: $0.00
-----------
(a) Deficient Valuations $0.00
-----------
(b) Special Hazard Losses $0.00
-----------
(c) Fraud Losses $0.00
-----------
(d) Excess Bankruptcy Losses $0.00
-----------
(e) Excess Special Hazard Losses $0.00
-----------
(f ) Excess Fraud Losses $0.00
-----------
(14) Compensating Interest
Payment: $2,941.17
-----------
(15) Net Simple Interest
Shortfall: $0.00
-----------
(16) Net Simple Interest
Excess: $0.00
-----------
(17) Simple Interest Shortfall
Payment: $0.00
-----------
(18) Unpaid Net Simple Interest Shortfall:
Class A1 $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
---------
(19) Class Certificate Interest Rate:
Class M 6.660%
--------
Class B1 6.905%
--------
Class B2 7.495%
--------
Class B3 8.969%
--------
Class B4 8.969%
--------
Class B5 8.969%
--------
Class S 2.55%
--------
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 $259,703.73 6.365%
-------------------------
Class A2 $109,381.25 6.105%
-------------------------
Class A3 $142,140.00 6.180%
-------------------------
Class A4 $70,070.83 6.275%
-------------------------
Class A5 $79,463.75 6.315%
-------------------------
Class A6 $130,009.43 6.645%
-------------------------
Class A7 $92,189.17 6.215%
-------------------------
Class S $390,628.06 2.55%
-------------------------
Class M $26,783.39 6.660%
-------------------------
Class B1 $24,992.37 6.905%
-------------------------
Class B2 $12,060.27 7.495%
-------------------------
Class B3 $14,432.01 8.969%
-------------------------
Class B4 $10,825.86 8.969%
-------------------------
Class B5 $10,831.20 8.969%
-------------------------
Total $1,373,511.31
(21) Principal distributable:
Class A1 $3,380,886.18
-----------
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 $8,235.33
-----------
Class B1 $7,411.97
-----------
Class B2 $3,295.15
-----------
Class B3 $3,295.15
-----------
Class B4 $2,471.78
-----------
Class B5 $2,473.00
-----------
Class R1 $0.00
-----------
Class R2 $0.00
-----------
Total $3,408,068.56
(22) Additional distributions to the Class R1 Certificate pursuant to
Section 2.05 (d) : $0.00
-------
(23) Additional distributions to the Class R2 Certificate pursuant to
Section 4.01 (b) : $0.00
-------
B. Other Amounts:
1) Senior Percentage for such
Distribution Date 91.332236%
-------
2) Senior Prepayment Percentage
for such Distribution Date 100.00%
-------
3) Junior Percentage for such
Distribution Date 8.667764%
-------
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
-----------------------------------
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 99.36
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
DECEMBER 1998
Home Equity Loan Pass-Through Certificates,
Series 1998-HE2
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
The amounts below are for a Single Certificate of $1,000:
(1) Amount of distribution allocable to principal:
Class A1 $56.82161650
-----
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 $1.69416350
-----
Class B1 $1.69416350
-----
Class B2 $1.69416350
-----
Class B3 $1.69416350
-----
Class B4 $1.69416350
-----
Class B5 $1.69416350
-----
Class R1 $0.00000000
-----
Class R2 $0.00000000
-----
(2) Aggregate Principal prepayments included in distribution:
Class A1 $3,094,465.45
-----------
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 $4.36476860 6.365%
-----------------------------
Class A2 $5.08750000 6.105%
-----------------------------
Class A3 $5.15000000 6.180%
-----------------------------
Class A4 $5.22916667 6.275%
-----------------------------
Class A5 $5.26250000 6.315%
-----------------------------
Class A6 $5.53750000 6.645%
-----------------------------
Class A7 $5.17916667 6.215%
-----------------------------
Class S $2.12564875 2.55%
-----------------------------
Class M $5.50985124 6.660%
-----------------------------
Class B1 $5.71254096 6.905%
-----------------------------
Class B2 $6.20065091 7.495%
-----------------------------
Class B3 $7.42005627 8.969%
-----------------------------
Class B4 $7.42005627 8.969%
-----------------------------
Class B5 $7.42005627 8.969%
-----------------------------
(4) Servicing Compensation: $87,451.16
-----------
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $183,768,863.83
-------------
number of Mortgage
Loans: 2,594
-------------
(6) Class Certificate Principal Balance of each Class; Certificate
Principal Balance of Single Certificate of each class:
Single
Certificate
Class Class Balance Balance
- -----------------------------------------------------------------------
Class A1 $45,581,325.66 $766.07270011
-------------------------------------------------
Class A2 $21,500,000.00 $1,000.00000000
-------------------------------------------------
Class A3 $27,600,000.00 $1,000.00000000
-------------------------------------------------
Class A4 $13,400,000.00 $1,000.00000000
-------------------------------------------------
Class A5 $15,100,000.00 $1,000.00000000
-------------------------------------------------
Class A6 $23,478,000.00 $1,000.00000000
-------------------------------------------------
Class A7 $17,800,000.00 $1,000.00000000
-------------------------------------------------
Class M $4,817,600.14 $991.07182554
-------------------------------------------------
Class B1 $4,335,939.24 $991.07182554
-------------------------------------------------
Class B2 $1,927,634.70 $991.07182554
-------------------------------------------------
Class B3 $1,927,634.70 $991.07182554
-------------------------------------------------
Class B4 $1,445,973.79 $991.07182554
-------------------------------------------------
Class B5 $1,446,687.04 $991.07182554
-------------------------------------------------
Class R1 $0.00 $0.00000000
-------------------------------------------------
Class R2 $0.00 $0.00000000
-------------------------------------------------
(7) Book value of real estate acquired on behalf of Certificate- holders;
number of $0.00
-----------------
related Mortgage Loans: 0
-----------------
(8) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $1,551,767.01
-----------
26
-----------
Two Payments Delinquent $366,029.72
-----------
6
-----------
Three or more Payments Delinquent $515,661.73
-----------
7
-----------
TOTAL $2,433,458.46
-----------
39
-----------
In foreclosure $803,660.32
-----------
9
------------
(9) Aggregate Scheduled Principal Balance and number of replaced Mortgage
Loans:
$0.00
----------------
0
----------------
(10) 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
----------
(11) Class Certificate Interest Rate of:
Class M 6.660%
---------
Class B1 6.905%
---------
Class B2 7.495%
---------
Class B3 8.969%
---------
Class B4 8.969%
---------
Class B5 8.969%
---------
Class S 2.55%
---------
(12) Senior Percentage for such 91.332236%
------------
Distribution Date
(13) Senior Prepayment Percentage
for such Distribution Date 100.00%
------------
(14) Junior Percentage for such
Distribution Date 8.667764%
------------
(15) Junior Prepayment 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:
----------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.37
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-12A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 305,545.94
--------------
(b) Interest $ 2,314,908.53
--------------
(c) Total $ 2,620,454.47
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 255,022.02
--------------
(b) Interest $ 1,960,011.58
--------------
(c) Total $ 2,215,033.60
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 50,523.92
--------------
(b) Interest $ 354,896.95
--------------
(c) Total $ 405,420.87
--------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 53,015.75
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,020,308.73
--------------
(b) Interest $ 18,857.39
--------------
(c) Total $ 3,039,166.12
--------------
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: $ 376,942,655.62
---------------
13. Available Funds: $ 5,513,437.39
---------------
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: $ 2,662.23
---------------
18. Total interest payments: $ 2,134,566.98
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO1 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 288,654.17 $ 0.00 $ 288,654.17 % 6.500000075
1A2 $ 218,278.50 $ 0.00 $ 218,278.50 % 6.600000000
1A3 $ 242,852.67 $ 0.00 $ 242,852.67 % 6.700000092
1A4 $ 186,862.50 $ 0.00 $ 186,862.50 % 6.750000000
1A5 $ 78,603.75 $ 0.00 $ 78,603.75 % 6.750000000
1A6 $ 17,875.29 $ 0.00 $ 17,875.29 % 6.749999370
1A7 $ 513,767.09 $ 0.00 $ 513,767.09 % 6.749999954
1A8 $ 159,528.27 $ 0.00 $ 159,528.27 % 5.562499968
1A9 $ 84,245.26 $ 0.00 $ 84,245.26 % 11.330356239
1A10 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A11 $ 91,632.55 $ 0.00 $ 91,632.55 % 5.919529897
1A12 $ 47,684.75 $ 0.00 $ 47,684.75 % 9.241409404
1A13 $ 111,262.68 $ 0.00 $ 111,262.68 % 6.749999939
1A14 $ 3,447.09 $ 0.00 $ 0.00 % 6.749992180
1R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1RL $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1M $ 41,562.21 $ 0.00 $ 41,562.21 % 6.750000770
1B1 $ 17,974.59 $ 0.00 $ 17,974.59 % 6.750000606
1B2 $ 10,110.18 $ 0.00 $ 10,110.18 % 6.749999825
1B3 $ 8,988.70 $ 0.00 $ 8,988.70 % 6.750002962
1B4 $ 4,491.54 $ 0.00 $ 4,491.54 % 6.749993491
1B5 $ 6,745.00 $ 0.00 $ 6,745.00 % 6.749995221
20. Principal Distribution Amount: $ 3,378,870.41
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO1 $ 971.59 $ 0.00
Class 1A1 $ 0.00 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class 1A6 $ 0.00 $ 0.00
Class 1A7 $ 692,863.74 $ 0.00
Class 1A8 $ 643,976.59 $ 0.00
Class 1A9 $ 166,956.89 $ 0.00
Class 1A10 $ 0.00 $ 0.00
Class 1A11 $ 1,279,929.06 $ 0.00
Class 1A12 $ 426,643.02 $ 0.00
Class 1A13 $ 150,048.30 $ 0.00
Class 1A14 $ 8,095.82 $ 3,447.09
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1RL $ 0.00 $ 0.00
Class 1M $ 5,934.50 $ 0.00
Class 1B1 $ 2,566.52 $ 0.00
Class 1B2 $ 1,443.59 $ 0.00
Class 1B3 $ 1,283.46 $ 0.00
Class 1B4 $ 641.33 $ 0.00
Class 1B5 $ 963.09 $ 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
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 1A8 % 5.56249997
Class 1A9 % 11.33035624
Class 1A11 % 5.91952990
Class 1A12 % 9.24140940
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied:
Yes No
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 77,494.33
-----------
3. Supplemental Servicing Fee amount: $ 120,301.54
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.789674 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: % 4.210326
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.38
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-12A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.366538
----------------------
Weighted average maturity 352.24
----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO1 $ 1.13051230 $ 0.24652543 $ 0.00000000 % 0.00000000
1A1 $ 0.00000000 $ 0.00000000 $ 5.41666673 % 6.50000008
1A2 $ 0.00000000 $ 0.00000000 $ 5.50000000 % 6.60000000
1A3 $ 0.00000000 $ 0.00000000 $ 5.58333341 % 6.70000009
1A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A6 $ 0.00000000 $ 0.00000000 $ 5.62500059 % 6.74999937
1A7 $ 7.42850125 $ 6.78400317 $ 5.50832617 % 6.74999995
1A8 $ 16.85704671 $ 15.39452643 $ 4.17589015 % 5.56249997
1A9 $ 16.85704633 $ 15.39452594 $ 8.50594576 % 11.33035624
1A10 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1A11 $ 45.16055148 $ 41.24241446 $ 3.23312957 % 5.91952990
1A12 $ 45.16055148 $ 41.24241446 $ 5.04747413 % 9.24140940
1A13 $ 7.42850141 $ 6.78400317 $ 5.50832615 % 6.74999994
1A14 $ 7.42849518 $ 11.81442225 $ 5.50831979 % 6.74999218
1R $ 0.00000000 $ 0.00000000 $ 3.80000000 % 0.00000000
1RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1M $ 0.80066109 $ 0.00000000 $ 5.60742175 % 6.75000077
1B1 $ 0.80066136 $ 0.00000000 $ 5.60742162 % 6.75000061
1B2 $ 0.80066001 $ 0.00000000 $ 5.60742097 % 6.74999982
1B3 $ 0.80066126 $ 0.00000000 $ 5.60742358 % 6.75000296
1B4 $ 0.80066167 $ 0.00000000 $ 5.60741573 % 6.74999349
1B5 $ 0.80065936 $ 0.00000000 $ 5.60741712 % 6.74999522
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
1A14 $ 3,447.09
2. The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 77,494.33
------------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 376,942,655.62
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,193
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO1 $ 842,982.95 $ 842,011.35 $ 979.74
1A1 $ 53,290,000.00 $ 53,290,000.00 $ 1,000.00 36157RLN3
1A2 $ 39,687,000.00 $ 39,687,000.00 $ 1,000.00 36157RLP8
1A3 $ 43,496,000.00 $ 43,496,000.00 $ 1,000.00 36157RLQ6
1A4 $ 33,220,000.00 $ 33,220,000.00 $ 1,000.00 36157RLR4
1A5 $ 13,974,000.00 $ 13,974,000.00 $ 1,000.00 36157RLS2
1A6 $ 3,177,829.63 $ 3,177,829.63 $ 1,000.00 36157RLT0
1A7 $ 91,336,372.18 $ 90,643,508.44 $ 971.83 36157RLU7
1A8 $ 34,415,087.66 $ 33,771,111.08 $ 884.01 36157RLV5
1A9 $ 8,922,430.14 $ 8,755,473.24 $ 884.01 36157RLW3
1A10 $ 0.00 $ 0.00 $ 0.00 36157RLX1
1A11 $ 18,575,640.62 $ 17,295,711.56 $ 610.26 36157RLY9
1A12 $ 6,191,880.21 $ 5,765,237.19 $ 610.26 36157RLZ6
1A13 $ 19,780,032.18 $ 19,629,983.88 $ 971.83 36157RMA0
1A14 $ 612,816.71 $ 608,167.98 $ 971.83 36157RMB8
SUP1 $ 341,339,449.76 $ 338,004,395.67 $ 936.58
1R $ 0.00 $ 0.00 $ 0.00 36157RMF9
1RL $ 0.00 $ 0.00 $ 0.00 36157RMG7
1M $ 7,388,836.49 $ 7,382,901.99 $ 996.07 36157RMC6
1B1 $ 3,195,482.38 $ 3,192,915.86 $ 996.07 36157RMD4
1B2 $ 1,797,365.38 $ 1,795,921.79 $ 996.07 36157RME2
1B3 $ 1,597,990.41 $ 1,596,706.95 $ 996.07 36157RNY7
1B4 $ 798,496.77 $ 797,855.44 $ 996.07 36157RNZ4
1B5 $ 1,199,111.96 $ 1,198,148.87 $ 996.07 36157RPA7
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 $ 1,291,384.21
-------- -------------
2. 60-89 days
Number 2 Principal Balance $ 378,941.79
-------- -------------
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
1A8 % 5.56249997
1A9 % 11.33035624
1A11 % 5.91952990
1A12 % 9.24140940
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
----------------
2. Bankruptcy Loss Amount: $ 0.00
----------------
3. Fraud Loss Amount: $ 0.00
----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.39
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-12B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 142,324.85
--------------
(b) Interest $ 1,113,632.33
--------------
(c) Total $ 1,255,957.18
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 132,662.32
--------------
(b) Interest $ 1,035,851.64
--------------
(c) Total $ 1,168,513.96
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 9,662.53
--------------
(b) Interest $ 77,780.69
--------------
(c) Total $ 87,443.22
--------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 21,968.42
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,933,836.31
--------------
(b) Interest $ 24,162.86
--------------
(c) Total $ 3,957,999.17
--------------
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: $ 179,464,021.67
---------------
13. Available Funds: $ 5,130,027.53
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
--------------
17. Compensating Interest Payment: $ 4,820.20
--------------
18. Total interest payments: $ 1,031,897.94
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO2 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 235,400.00 $ 0.00 $ 235,400.00 % 6.600000000
2A2 $ 127,997.92 $ 0.00 $ 127,997.92 % 6.550000171
2A3 $ 9,258.33 $ 0.00 $ 9,258.33 % 6.749997553
2A4 $ 281,320.28 $ 0.00 $ 281,320.28 % 5.562499908
2A5 $ 123,274.99 $ 0.00 $ 123,274.99 %12.656230399
2A6 $ 25,287.22 $ 0.00 $ 25,287.22 % 7.500001001
2A7 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A8 $ 5,568.55 $ 0.00 $ 0.00 % 6.749999894
2A9 $ 178,875.00 $ 0.00 $ 178,875.00 % 6.750000000
2R $ 0.56 $ 0.00 $ 0.56 % 6.720000000
2RL $ 0.56 $ 0.00 $ 0.56 % 6.720000000
2M $ 20,766.24 $ 0.00 $ 20,766.24 % 6.750001572
2B1 $ 8,423.14 $ 0.00 $ 8,423.14 % 6.750000456
2B2 $ 4,491.97 $ 0.00 $ 4,491.97 % 6.750004264
2B3 $ 4,491.97 $ 0.00 $ 4,491.97 % 6.750004264
2B4 $ 2,248.79 $ 0.00 $ 2,248.79 % 6.750007410
2B5 $ 4,492.42 $ 0.00 $ 4,492.42 % 6.750000038
20. Principal Distribution Amount: $ 4,098,129.59
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO2 $ 109.92 $ 0.00
Class 2A1 $ 0.00 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 0.00 $ 0.00
Class 2A4 $ 3,253,815.95 $ 0.00
Class 2A5 $ 626,660.85 $ 0.00
Class 2A6 $ 216,921.06 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class 2A8 $ 0.00 $ 5,568.55
Class 2A9 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2RL $ 0.00 $ 0.00
Class 2M $ 2,862.11 $ 0.00
Class 2B1 $ 1,160.92 $ 0.00
Class 2B2 $ 619.11 $ 0.00
Class 2B3 $ 619.11 $ 0.00
Class 2B4 $ 309.94 $ 0.00
Class 2B5 $ 619.17 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
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 2A4 % 5.56249991
Class 2A5 % 12.65623040
Class 2A6 % 7.50000100
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied:
Yes No
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 36,713.91
----------
3. Supplemental Servicing Fee amount: $ 68,342.47
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 95.647389 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: % 4.352612
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.40
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-12B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.444418
---------------------
Weighted average maturity 352.82
---------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO2 $ 0.96392304 $ 0.05708824 $ 0.00000000 % 0.00000000
2A1 $ 0.00000000 $ 0.00000000 $ 5.50000000 % 6.60000000
2A2 $ 0.00000000 $ 0.00000000 $ 5.45833348 % 6.55000017
2A3 $ 0.00000000 $ 0.00000000 $ 5.62499772 % 6.74999755
2A4 $ 46.70996196 $ 45.15710953 $ 4.03847660 % 5.56249991
2A5 $ 46.70996199 $ 45.15710942 $ 9.18865459 %12.65623040
2A6 $ 46.70996124 $ 45.15711025 $ 5.44513781 % 7.50000100
2A7 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2A8 $ 0.00000000 $ 0.00000000 $ 5.75263430 % 6.74999989
2A9 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2R $ 0.00000000 $ 0.00000000 $ 5.60000000 % 6.72000000
2RL $ 0.00000000 $ 0.00000000 $ 5.60000000 % 6.72000000
2M $ 0.77291655 $ 0.00000000 $ 5.60795031 % 6.75000157
2B1 $ 0.77291611 $ 0.00000000 $ 5.60794940 % 6.75000046
2B2 $ 0.77292135 $ 0.00000000 $ 5.60795256 % 6.75000426
2B3 $ 0.77292135 $ 0.00000000 $ 5.60795256 % 6.75000426
2B4 $ 0.77291771 $ 0.00000000 $ 5.60795511 % 6.75000741
2B5 $ 0.77291834 $ 0.00000000 $ 5.60794901 % 6.75000004
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
2A8 $ 5,568.55
2. The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 36,713.91
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 179,464,021.67
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 567
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO2 $ 113,595.92 $ 113,485.99 $ 995.19
2A1 $ 42,800,000.00 $ 42,800,000.00 $ 1,000.00 36157RMH5
2A2 $ 23,450,000.00 $ 23,450,000.00 $ 1,000.00 36157RMJ1
2A3 $ 1,645,925.93 $ 1,645,925.93 $ 1,000.00 36157RMK8
2A4 $ 60,689,319.84 $ 57,435,503.90 $ 824.51 36157RML6
2A5 $ 11,688,313.45 $ 11,061,652.60 $ 824.51 36157RMM4
2A6 $ 4,045,954.66 $ 3,829,033.59 $ 824.51 36157RMN2
2A7 $ 0.00 $ 0.00 $ 0.00 36157RMP7
2A8 $ 989,964.46 $ 995,533.01 $ 1,028.44 36157RMQ5
2A9 $ 31,800,000.00 $ 31,800,000.00 $ 1,000.00 36157RMR3
SUP2 $ 178,241,740.96 $ 174,148,621.59 $ 893.62
2R $ 100.00 $ 100.00 $ 1,000.00 36157RMV4
2RL $ 100.00 $ 100.00 $ 1,000.00 36157RMW2
2M $ 3,691,775.14 $ 3,688,913.03 $ 996.20 36157RMS1
2B1 $ 1,497,447.01 $ 1,496,286.09 $ 996.20 36157RMT9
2B2 $ 798,571.94 $ 797,952.83 $ 996.20 36157RMU6
2B3 $ 798,571.94 $ 797,952.83 $ 996.20 36157RPB5
2B4 $ 399,784.45 $ 399,474.51 $ 996.20 36157RPC3
2B5 $ 798,652.44 $ 798,033.28 $ 996.20 36157RPD1
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 $ 517,788.73
-------- ------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ------------
4. In Foreclosure
Number 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
2A4 % 5.56249991
2A5 % 12.65623040
2A6 % 7.50000100
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.41
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-12C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 556,451.13
-------------
(b) Interest $ 955,929.91
-------------
(c) Total $ 1,512,381.04
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 371,051.68
-------------
(b) Interest $ 644,916.56
-------------
(c) Total $ 1,015,968.24
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 185,399.45
-------------
(b) Interest $ 311,013.35
-------------
(c) Total $ 496,412.80
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 73,361.98
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,463,934.68
-------------
(b) Interest $ 8,436.11
-------------
(c) Total $ 1,472,370.79
-------------
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: $162,506,747.75
---------------
13. Available Funds: $ 2,981,878.69
---------------
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: $ 2,052.46
--------------
18. Total interest payments: $ 888,130.90
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO3 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
3A1 $ 187,052.77 $ 0.00 $ 187,052.77 % 6.500000062
3A2 $ 12,458.33 $ 0.00 $ 12,458.33 % 6.499998261
3A3 $ 53,463.13 $ 0.00 $ 53,463.13 % 6.499999893
3A4 $ 616,337.41 $ 0.00 $ 616,337.41 % 6.500000011
SUP3 $ 41,758.14 $ 0.00 $ 41,758.14 % 0.350820009
3R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
3M $ 7,057.22 $ 0.00 $ 7,057.22 % 6.499996182
3B1 $ 2,352.40 $ 0.00 $ 2,352.40 % 6.499987589
3B2 $ 2,352.40 $ 0.00 $ 2,352.40 % 6.499987589
3B3 $ 4,234.33 $ 0.00 $ 4,234.33 % 6.499994774
3B4 $ 1,411.44 $ 0.00 $ 1,411.44 % 6.499987489
3B5 $ 1,411.47 $ 0.00 $ 1,411.47 % 6.500021126
20. Principal Distribution Amount: $ 2,093,747.79
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO3 $ 3,740.97 $ 0.00
Class 3A1 $ 571,423.27 $ 0.00
Class 3A2 $ 0.00 $ 0.00
Class 3A3 $ 33,362.18 $ 0.00
Class 3A4 $ 1,473,477.73 $ 0.00
Class SUP3 $ 0.00 $ 0.00
Class 3R $ 0.00 $ 0.00
Class 3M $ 4,403.86 $ 0.00
Class 3B1 $ 1,467.95 $ 0.00
Class 3B2 $ 1,467.95 $ 0.00
Class 3B3 $ 2,642.32 $ 0.00
Class 3B4 $ 880.77 $ 0.00
Class 3B5 $ 880.79 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
-------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
3B1 $ 0.00 $ 0.00
3B2 $ 0.00 $ 0.00
3B3 $ 0.00 $ 0.00
3B4 $ 0.00 $ 0.00
3B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied:
Yes No
Class-3B1 X
Class-3B2 X
Class-3B3 X
Class-3B4 X
Class-3B5 X
2. Base Servicing Fee amount: $ 37,275.99
----------
3. Supplemental Servicing Fee amount: $ 41,758.14
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 97.881025 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: % 2.118975
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.42
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-12C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.035656
-------------------------
Weighted average maturity 171.94
-------------------------
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
----- ----------- ----------- ----------- -----------
PO3 $ 5.63322742 $ 2.26374437 $ 0.00000000 % 0.00000000
3A1 $ 15.15711592 $ 11.20079390 $ 4.96161194 % 6.50000006
3A2 $ 0.00000000 $ 0.00000000 $ 5.41666522 % 6.49999826
3A3 $ 3.33621800 $ 2.46539600 $ 5.34631300 % 6.49999989
3A4 $ 12.09571895 $ 8.93848509 $ 5.05948881 % 6.50000001
SUP3 $ 0.00000000 $ 0.00000000 $ 0.27172067 % 0.35082001
3R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
3M $ 3.33621461 $ 0.00000000 $ 5.34630993 % 6.49999618
3B1 $ 3.33621209 $ 0.00000000 $ 5.34630288 % 6.49998759
3B2 $ 3.33621209 $ 0.00000000 $ 5.34630288 % 6.49998759
3B3 $ 3.33622050 $ 0.00000000 $ 5.34630876 % 6.49999477
3B4 $ 3.33621209 $ 0.00000000 $ 5.34630288 % 6.49998749
3B5 $ 3.33623414 $ 0.00000000 $ 5.34633045 % 6.50002113
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:
$ 37,275.99
-----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 162,506,747.75
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 507
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO3 $ 637,864.85 $ 634,123.88 $ 954.88
3A1 $ 34,532,818.75 $ 33,961,395.49 $ 900.83 36157RMX0
3A2 $ 2,300,000.00 $ 2,300,000.00 $ 1,000.00 36157RMY8
3A3 $ 9,870,116.47 $ 9,836,754.28 $ 983.68 36157RMZ5
3A4 $ 113,785,367.81 $ 112,311,890.08 $ 921.96 36157RNA9
SUP3 $ 142,836,117.58 $ 141,062,537.99 $ 917.90
3R $ 0.00 $ 0.00 $ 0.00 36157RNE1
3M $ 1,302,872.15 $ 1,298,468.29 $ 983.68 36157RNB7
3B1 $ 434,290.06 $ 432,822.11 $ 983.68 36157RNC5
3B2 $ 434,290.06 $ 432,822.11 $ 983.68 36157RND3
3B3 $ 781,723.09 $ 779,080.78 $ 983.68 36157RPE9
3B4 $ 260,574.04 $ 259,693.26 $ 983.68 36157RPF6
3B5 $ 260,578.23 $ 259,697.44 $ 983.68 36157RPG4
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 $ 1,801,078.19
-------- -------------
2. 60-89 days
Number 2 Principal Balance $ 648,454.48
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.35082001
-----------
Exhibit 99.43
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-12D, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 152,298.62
-------------
(b) Interest $ 1,163,957.68
-------------
(c) Total $ 1,316,256.30
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 137,334.43
-------------
(b) Interest $ 1,054,179.19
-------------
(c) Total $ 1,191,513.62
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 14,964.19
-------------
(b) Interest $ 109,778.49
-------------
(c) Total $ 124,742.68
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 34,612.80
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,700,891.85
-------------
(b) Interest $ 16,745.55
-------------
(c) Total $ 2,717,637.40
-------------
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: $189,673,539.74
---------------
13. Available Funds: $ 3,969,116.43
---------------
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: $ 1,756.71
--------------
18. Total interest payments: $ 1,081,313.16
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO4 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
4A1 $ 377,854.08 $ 0.00 $ 377,854.08 % 6.750000041
4A2 $ 56,856.48 $ 0.00 $ 56,856.48 % 6.119530351
4A3 $ 26,762.41 $ 0.00 $ 26,762.41 % 8.641409753
4A4 $ 113,287.50 $ 0.00 $ 113,287.50 % 6.750000000
4A5 $ 239,834.17 $ 0.00 $ 239,834.17 % 6.749999873
4A6 $ 99,911.64 $ 0.00 $ 99,911.64 % 6.749999899
4A7 $ 18,229.17 $ 0.00 $ 18,229.17 % 7.000001280
4A8 $ 16,927.08 $ 0.00 $ 16,927.08 % 6.499998720
4A9 $ 18,562.50 $ 0.00 $ 18,562.50 % 6.750000000
4A10 $ 18,083.33 $ 0.00 $ 18,083.33 % 6.999998710
4A11 $ 16,791.67 $ 0.00 $ 16,791.67 % 6.500001290
4A12 $ 21,093.75 $ 0.00 $ 21,093.75 % 6.750000000
4A13 $ 11,952.56 $ 0.00 $ 11,952.56 % 6.749998588
SUP4 $ 59,953.98 $ 0.00 $ 59,953.98 % 0.409334417
4R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
4M $ 20,889.65 $ 0.00 $ 20,889.65 % 6.750000864
4B1 $ 9,033.36 $ 0.00 $ 9,033.36 % 6.750001751
4B2 $ 5,081.26 $ 0.00 $ 5,081.26 % 6.749996048
4B3 $ 4,516.68 $ 0.00 $ 4,516.68 % 6.750001709
4B4 $ 2,258.34 $ 0.00 $ 2,258.34 % 6.750010032
4B5 $ 3,387.53 $ 0.00 $ 3,387.53 % 6.749998941
20. Principal Distribution Amount: $ 2,887,803.27
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO4 $ 335.49 $ 0.00
Class 4A1 $ 1,502,157.96 $ 0.00
Class 4A2 $ 0.00 $ 0.00
Class 4A3 $ 0.00 $ 0.00
Class 4A4 $ 0.00 $ 0.00
Class 4A5 $ 808,457.40 $ 0.00
Class 4A6 $ 570,503.10 $ 0.00
Class 4A7 $ 0.00 $ 0.00
Class 4A8 $ 0.00 $ 0.00
Class 4A9 $ 0.00 $ 0.00
Class 4A10 $ 0.00 $ 0.00
Class 4A11 $ 0.00 $ 0.00
Class 4A12 $ 0.00 $ 0.00
Class 4A13 $ 0.00 $ 0.00
Class SUP4 $ 0.00 $ 0.00
Class 4R $ 0.00 $ 0.00
Class 4M $ 2,936.56 $ 0.00
Class 4B1 $ 1,269.86 $ 0.00
Class 4B2 $ 714.30 $ 0.00
Class 4B3 $ 634.93 $ 0.00
Class 4B4 $ 317.47 $ 0.00
Class 4B5 $ 476.20 $ 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
----- ------------------- -------------------
4B1 $ 0.00 $ 0.00
4B2 $ 0.00 $ 0.00
4B3 $ 0.00 $ 0.00
4B4 $ 0.00 $ 0.00
4B5 $ 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 4A2 % 6.11953035
Class 4A3 % 8.64140975
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied:
Yes No
Class-4B1 X
Class-4B2 X
Class-4B3 X
Class-4B4 X
Class-4B5 X
2. Base Servicing Fee amount: $ 38,502.31
-----------
3. Supplemental Servicing Fee amount: $ 59,953.98
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.822966 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: % 4.177034
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.44
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-12D, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.362685
-------------------------
Weighted average maturity 353.51
-------------------------
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
----- ----------- ----------- ----------- -----------
PO4 $ 1.01913169 $ 0.12876984 $ 0.00000000 % 0.00000000
4A1 $ 20.93599944 $ 19.87757087 $ 5.26625895 % 6.75000004
4A2 $ 0.00000000 $ 0.00000000 $ 5.09960863 % 6.11953035
4A3 $ 0.00000000 $ 0.00000000 $ 7.20117479 % 8.64140975
4A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
4A5 $ 17.92588470 $ 17.01963370 $ 5.31783082 % 6.74999987
4A6 $ 29.25656923 $ 27.77749077 $ 5.12367385 % 6.74999990
4A7 $ 0.00000000 $ 0.00000000 $ 5.83333440 % 7.00000128
4A8 $ 0.00000000 $ 0.00000000 $ 5.41666560 % 6.49999872
4A9 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
4A10 $ 0.00000000 $ 0.00000000 $ 5.83333226 % 6.99999871
4A11 $ 0.00000000 $ 0.00000000 $ 5.41666774 % 6.50000129
4A12 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
4A13 $ 0.00000000 $ 0.00000000 $ 5.62499882 % 6.74999859
SUP4 $ 0.00000000 $ 0.00000000 $ 0.32495948 % 0.40933442
4R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
4M $ 0.78828747 $ 0.00000000 $ 5.60759844 % 6.75000086
4B1 $ 0.78828541 $ 0.00000000 $ 5.60759916 % 6.75000175
4B2 $ 0.78828966 $ 0.00000000 $ 5.60759442 % 6.74999605
4B3 $ 0.78828541 $ 0.00000000 $ 5.60759916 % 6.75000171
4B4 $ 0.78829880 $ 0.00000000 $ 5.60760613 % 6.75001003
4B5 $ 0.78828456 $ 0.00000000 $ 5.60759681 % 6.74999894
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:
$ 38,502.31
----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $189,673,539.74
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 611
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO4 $ 327,892.38 $ 327,556.89 $ 995.03
4A1 $ 67,174,058.26 $ 65,671,900.30 $ 915.29 36157RNF8
4A2 $ 11,149,185.00 $ 11,149,185.00 $ 1,000.00 36157RNG6
4A3 $ 3,716,395.00 $ 3,716,395.00 $ 1,000.00 36157RNH4
4A4 $ 20,140,000.00 $ 20,140,000.00 $ 1,000.00 36157RNJ0
4A5 $ 42,637,186.58 $ 41,828,729.19 $ 927.47 36157RNK7
4A6 $ 17,762,069.60 $ 17,191,566.51 $ 881.62 36157RNL5
4A7 $ 3,125,000.00 $ 3,125,000.00 $ 1,000.00 36157RNM3
4A8 $ 3,125,000.00 $ 3,125,000.00 $ 1,000.00 36157RNN1
4A9 $ 3,300,000.00 $ 3,300,000.00 $ 1,000.00 36157RNP6
4A10 $ 3,100,000.00 $ 3,100,000.00 $ 1,000.00 36157RNQ4
4A11 $ 3,100,000.00 $ 3,100,000.00 $ 1,000.00 36157RNR2
4A12 $ 3,750,000.00 $ 3,750,000.00 $ 1,000.00 36157RNS0
4A13 $ 2,124,900.00 $ 2,124,900.00 $ 1,000.00 36157RNT8
SUP4 $ 175,760,387.97 $ 172,889,821.72 $ 937.09
4R $ 0.00 $ 0.00 $ 0.00 36157RNX9
4M $ 3,713,715.08 $ 3,710,778.52 $ 996.12 36157RNU5
4B1 $ 1,605,930.25 $ 1,604,660.39 $ 996.12 36157RNV3
4B2 $ 903,335.64 $ 902,621.35 $ 996.12 36157RNW1
4B3 $ 802,965.13 $ 802,330.20 $ 996.12 36157RPH2
4B4 $ 401,482.07 $ 401,164.60 $ 996.12 36157RPJ8
4B5 $ 602,227.65 $ 601,751.45 $ 996.12 36157RPK5
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 $ 1,297,299.51
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
4A2 % 6.11953035
4A3 % 8.64140975
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.40933442
-----------
Exhibit 99.45
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-13, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of August 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 685,660.14
-------------
(b) Interest $ 5,206,460.16
-------------
(c) Total $ 5,892,120.30
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 616,695.64
-------------
(b) Interest $ 4,677,675.03
-------------
(c) Total $ 5,294,370.67
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 68,964.50
-------------
(b) Interest $ 528,785.13
-------------
(c) Total $ 597,749.63
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 324,560.63
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 12,787,516.32
--------------
(b) Interest $ 72,887.07
--------------
(c) Total $ 12,860,403.39
--------------
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: $850,631,658.77
---------------
13. Available Funds: $ 18,653,207.58
---------------
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: $ 8,955.39
-------------
18. Total interest payments: $ 4,855,470.50
-------------
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 $ 269,381.92 $ 0.00 $ 269,381.92 % 6.749999985
A2 $ 151,430.49 $ 0.00 $ 151,430.49 % 6.749999835
A3 $ 587,110.53 $ 0.00 $ 587,110.53 % 6.750000009
A4 $ 536,603.41 $ 0.00 $ 536,603.41 % 6.749999951
A5 $ 123,193.13 $ 0.00 $ 123,193.13 % 6.750000274
A6 $ 213,526.04 $ 0.00 $ 213,526.04 % 6.249999951
A7 $ 104,166.67 $ 0.00 $ 104,166.67 % 6.250000200
A8 $ 156,250.00 $ 0.00 $ 156,250.00 % 6.250000000
A9 $ 169,870.95 $ 0.00 $ 169,870.95 % 6.249999885
A10 $ 157,826.32 $ 0.00 $ 157,826.32 % 5.362500137
A11 $ 92,341.27 $ 0.00 $ 92,341.27 % 3.137499962
A12 $ 291,899.01 $ 0.00 $ 291,899.01 % 5.462499924
A13 $ 162,314.55 $ 0.00 $ 162,314.55 %11.716070905
A14 $ 317,469.68 $ 0.00 $ 317,469.68 % 6.750000001
A15 $ 348,679.61 $ 0.00 $ 348,679.61 % 5.562500022
A16 $ 107,769.71 $ 0.00 $ 107,769.71 %11.330356935
A17 $ 50,368.04 $ 0.00 $ 50,368.04 %12.818289556
A18 $ 25,996.41 $ 0.00 $ 25,996.41 % 9.250001380
A19 $ 5,812.19 $ 0.00 $ 0.00 % 6.750005110
A20 $ 179,015.10 $ 0.00 $ 179,015.10 % 5.862499949
A21 $ 95,805.52 $ 0.00 $ 95,805.52 % 9.412499662
A22 $ 134,627.76 $ 0.00 $ 134,627.76 % 5.812500040
A23 $ 62,247.25 $ 0.00 $ 62,247.25 %10.366073161
A24 $ 215,971.88 $ 0.00 $ 215,971.88 % 6.750000156
A25 $ 60,841.76 $ 0.00 $ 60,841.76 % 5.862500211
A26 $ 32,561.37 $ 0.00 $ 32,561.37 % 9.412500813
RL $ 0.00 $ 0.00 $ 0.00 % 0.000000000
M $ 93,605.87 $ 0.00 $ 93,605.87 % 6.749999718
B1 $ 40,478.37 $ 0.00 $ 40,478.37 % 6.750000428
B2 $ 22,767.33 $ 0.00 $ 22,767.33 % 6.750000606
B3 $ 20,239.18 $ 0.00 $ 20,239.18 % 6.749998770
B4 $ 10,118.19 $ 0.00 $ 10,118.19 % 6.750000725
B5 $ 15,180.96 $ 0.00 $ 15,180.96 % 6.749998858
20. Principal Distribution Amount: $ 13,797,737.08
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,285.03 $ 0.00
Class A1 $ 1,157,189.53 $ 0.00
Class A2 $ 976,494.26 $ 0.00
Class A3 $ 2,087,621.09 $ 0.00
Class A4 $ 1,708,696.70 $ 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 $ 1,881,511.80 $ 0.00
Class A13 $ 487,799.36 $ 0.00
Class A14 $ 714,201.64 $ 0.00
Class A15 $ 2,955,011.99 $ 0.00
Class A16 $ 34,419.91 $ 0.00
Class A17 $ 426,586.34 $ 0.00
Class A18 $ 305,107.97 $ 0.00
Class A19 $ 1,039,089.63 $ 5,812.19
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 SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 13,197.06 $ 0.00
Class B1 $ 5,706.86 $ 0.00
Class B2 $ 3,209.86 $ 0.00
Class B3 $ 2,853.43 $ 0.00
Class B4 $ 1,426.52 $ 0.00
Class B5 $ 2,140.29 $ 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:
$ 0.03
---------------
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 A10 % 5.36250014
Class A11 % 3.13749996
Class A12 % 5.46249992
Class A13 % 11.71607090
Class A15 % 5.56250002
Class A16 % 11.33035693
Class A17 % 12.81828956
Class A18 % 9.25000138
Class A20 % 5.86249995
Class A21 % 9.41249966
Class A22 % 5.81250004
Class A23 % 10.36607316
Class A25 % 5.86250021
Class A26 % 9.41250081
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: $ 173,796.98
-----------
3. Supplemental Servicing Fee amount: $ 253,259.11
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.831714 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: % 4.168286
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.46
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-13, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of August 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.339355
------------------------
Weighted average maturity 353.98
------------------------
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 $ 0.30000000 % 0.00000000
PO $ 1.03764167 $ 0.14160046 $ 0.00000000 % 0.00000000
A1 $ 22.68643213 $ 21.60546463 $ 5.28117001 % 6.74999998
A2 $ 33.04325460 $ 31.46880313 $ 5.12420445 % 6.74999983
A3 $ 18.97837355 $ 18.07408827 $ 5.33736845 % 6.75000001
A4 $ 17.08696700 $ 16.27280390 $ 5.36603410 % 6.74999995
A5 $ 0.00000000 $ 0.00000000 $ 5.62500023 % 6.75000027
A6 $ 0.00000000 $ 0.00000000 $ 5.20833329 % 6.24999995
A7 $ 0.00000000 $ 0.00000000 $ 5.20833350 % 6.25000020
A8 $ 0.00000000 $ 0.00000000 $ 5.20833333 % 6.25000000
A9 $ 0.00000000 $ 0.00000000 $ 5.20833324 % 6.24999989
A10 $ 0.00000000 $ 0.00000000 $ 4.46875011 % 5.36250014
A11 $ 0.00000000 $ 0.00000000 $ 2.61458330 % 3.13749996
A12 $ 28.96478506 $ 27.58466535 $ 4.49361630 % 5.46249992
A13 $ 28.96478488 $ 27.58466510 $ 9.63799137 % 11.71607090
A14 $ 12.33040365 $ 11.74288215 $ 5.48098615 % 6.75000000
A15 $ 39.08487986 $ 37.22255585 $ 4.61185969 % 5.56250002
A16 $ 2.98965604 $ 2.84720403 $ 9.36069747 % 11.33035693
A17 $ 90.46336710 $ 86.15295076 $ 10.68121987 % 12.81828956
A18 $ 90.46336730 $ 86.15295233 $ 7.70783794 % 9.25000138
A19 $ 54.00216578 $ 51.71834849 $ 0.30376241 % 6.75000511
A20 $ 0.00000000 $ 0.00000000 $ 4.88541662 % 5.86249995
A21 $ 0.00000000 $ 0.00000000 $ 7.84374972 % 9.41249966
A22 $ 0.00000000 $ 0.00000000 $ 4.84375003 % 5.81250004
A23 $ 0.00000000 $ 0.00000000 $ 8.63839430 % 10.36607316
A24 $ 0.00000000 $ 0.00000000 $ 5.62500013 % 6.75000016
A25 $ 0.00000000 $ 0.00000000 $ 4.88541684 % 5.86250021
A26 $ 0.00000000 $ 0.00000000 $ 7.84375068 % 9.41250081
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
M $ 0.79119065 $ 0.00000000 $ 5.61186271 % 6.74999972
B1 $ 0.79119091 $ 0.00000000 $ 5.61186330 % 6.75000043
B2 $ 0.79119053 $ 0.00000000 $ 5.61186345 % 6.75000061
B3 $ 0.79119091 $ 0.00000000 $ 5.61186192 % 6.74999877
B4 $ 0.79119246 $ 0.00000000 $ 5.61186356 % 6.75000073
B5 $ 0.79118923 $ 0.00000000 $ 5.61186199 % 6.74999886
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
A19 $ 5,812.19
2. The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 173,796.98
-----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $850,631,658.77
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,581
---------------
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 36157RQN8
PO $ 1,234,643.53 $ 1,233,358.50 $ 995.92 GEC9813PO
A1 $ 47,890,119.22 $ 46,732,929.69 $ 916.19 36157RPL3
A2 $ 26,920,976.66 $ 25,944,482.41 $ 877.93 36157RPM1
A3 $ 104,375,205.20 $ 102,287,584.10 $ 929.89 36157RPN9
A4 $ 95,396,162.47 $ 93,687,465.77 $ 936.87 36157RPP4
A5 $ 21,901,000.00 $ 21,901,000.00 $ 1,000.00 36157RPQ2
A6 $ 40,997,000.00 $ 40,997,000.00 $ 1,000.00 36157RPR0
A7 $ 20,000,000.00 $ 20,000,000.00 $ 1,000.00 36157RPS8
A8 $ 30,000,000.00 $ 30,000,000.00 $ 1,000.00 36157RPT6
A9 $ 32,615,223.00 $ 32,615,223.00 $ 1,000.00 36157RPU3
A10 $ 35,317,777.00 $ 35,317,777.00 $ 1,000.00 36157RPV1
A11 $ 35,317,777.00 $ 35,317,777.00 $ 1,000.00 36157RPW9
A12 $ 64,124,268.53 $ 62,242,756.73 $ 958.19 36157RPX7
A13 $ 16,624,810.62 $ 16,137,011.25 $ 958.19 36157RPY5
A14 $ 56,439,054.21 $ 55,724,852.57 $ 962.07 36157RPZ2
A15 $ 75,220,769.50 $ 72,265,757.50 $ 955.83 36157RQA6
A16 $ 11,413,908.03 $ 11,379,488.12 $ 988.40 36157RQB4
A17 $ 4,715,266.24 $ 4,288,679.90 $ 909.47 36157RQC2
A18 $ 3,372,506.74 $ 3,067,398.77 $ 909.47 36157RQD0
A19 $ 1,033,277.44 $ 0.00 $ 0.00 36157RQE8
A20 $ 36,642,750.00 $ 36,642,750.00 $ 1,000.00 36157RQF5
A21 $ 12,214,250.00 $ 12,214,250.00 $ 1,000.00 36157RQG3
A22 $ 27,794,118.00 $ 27,794,118.00 $ 1,000.00 36157RQH1
A23 $ 7,205,882.00 $ 7,205,882.00 $ 1,000.00 36157RQJ7
A24 $ 38,395,000.00 $ 38,395,000.00 $ 1,000.00 36157RQK4
A25 $ 12,453,750.00 $ 12,453,750.00 $ 1,000.00 36157RQL2
A26 $ 4,151,250.00 $ 4,151,250.00 $ 1,000.00 36157RQM0
SUP $ 807,726,254.41 $ 793,984,402.11 $ 939.91 GE9813SUP
RL $ 0.00 $ 0.00 $ 0.00 36157RQP3
M $ 16,641,044.25 $ 16,627,847.19 $ 996.87 36157RQQ1
B1 $ 7,196,154.21 $ 7,190,447.35 $ 996.87 36157RQR9
B2 $ 4,047,524.97 $ 4,044,315.11 $ 996.87 36157RQS7
B3 $ 3,598,077.10 $ 3,595,223.67 $ 996.87 36157RQT5
B4 $ 1,798,789.14 $ 1,797,362.62 $ 996.87 36157RQU2
B5 $ 2,698,837.79 $ 2,696,697.50 $ 996.87 36157RQV0
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 $ 6,692,423.64
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 406,714.12
-------- -------------
3. 90 days or more
Number 2 Principal Balance $ 510,149.88
-------- -------------
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
A10 % 5.36250014
A11 % 3.13749996
A12 % 5.46249992
A13 % 11.71607090
A15 % 5.56250002
A16 % 11.33035693
A17 % 12.81828956
A18 % 9.25000138
A20 % 5.86249995
A21 % 9.41249966
A22 % 5.81250004
A23 % 10.36607316
A25 % 5.86250021
A26 % 9.41250081
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.47
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-14, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of September 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 406,462.09
--------------
(b) Interest $ 3,074,316.79
--------------
(c) Total $ 3,480,778.88
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 336,718.41
--------------
(b) Interest $ 2,542,029.53
--------------
(c) Total $ 2,878,747.94
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 69,743.68
--------------
(b) Interest $ 532,287.26
--------------
(c) Total $ 602,030.94
--------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 81,300.61
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 6,086,271.82
--------------
(b) Interest $ 36,386.61
--------------
(c) Total $ 6,122,658.43
--------------
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: $ 502,651,249.28
---------------
13. Available Funds: $ 9,433,568.00
---------------
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: $ 7,871.34
--------------
18. Total interest payments: $ 2,859,533.47
--------------
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 $ 337,465.77 $ 0.00 $ 337,465.77 % 6.249999955
A2 $ 412,792.33 $ 0.00 $ 412,792.33 % 6.349999949
A3 $ 13,610.17 $ 0.00 $ 13,610.17 % 6.350001555
A4 $ 202,729.01 $ 0.00 $ 202,729.01 % 6.500000034
A5 $ 120,915.40 $ 0.00 $ 120,915.40 % 6.219529822
A6 $ 34,614.55 $ 0.00 $ 34,614.55 % 9.614537269
A9 $ 41,910.47 $ 0.00 $ 0.00 % 6.750000455
A10 $ 385,141.59 $ 0.00 $ 385,141.59 % 6.750000042
A11 $ 125,718.01 $ 0.00 $ 125,718.01 % 6.199999795
A12 $ 537,599.96 $ 0.00 $ 537,599.96 % 6.500000047
A7 $ 519,234.91 $ 0.00 $ 172,326.65 % 8.232124487
A8 $ 9,654.19 $ 0.00 $ 9,654.19 % 6.750003085
RL $ 0.00 $ 0.00 $ 0.00 % 0.000000000
M $ 54,641.71 $ 0.00 $ 54,641.71 % 6.750000297
B1 $ 23,628.85 $ 0.00 $ 23,628.85 % 6.750000939
B2 $ 13,289.49 $ 0.00 $ 13,289.49 % 6.749117744
B3 $ 11,814.42 $ 0.00 $ 11,814.42 % 6.749999689
B4 $ 5,907.21 $ 0.00 $ 5,907.21 % 6.749999721
B5 $ 8,863.69 $ 0.00 $ 8,863.69 % 6.749996364
20. Principal Distribution Amount: $ 6,574,034.53
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 592.56 $ 0.00
Class A1 $ 442,554.17 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 162,861.75 $ 0.00
Class A5 $ 3,828,826.21 $ 0.00
Class A6 $ 709,041.89 $ 0.00
Class A9 $ 269,547.97 $ 41,910.47
Class A10 $ 921,158.07 $ 0.00
Class A11 $ 166,196.76 $ 0.00
Class A12 $ 443,942.29 $ 0.00
Class A7 $ 0.00 $ 346,908.26
Class A8 $ 1,369.69 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 7,752.30 $ 0.00
Class B1 $ 3,352.35 $ 0.00
Class B2 $ 1,885.45 $ 0.00
Class B3 $ 1,676.17 $ 0.00
Class B4 $ 838.09 $ 0.00
Class B5 $ 1,257.54 $ 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:
$ 1.74
-------------
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 A5 % 6.21952982
Class A6 % 9.61453727
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: $ 102,993.21
-----------
3. Supplemental Servicing Fee amount: $ 146,210.93
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.868366 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: % 4.131634
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.48
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-14, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of September 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.327078
------------------------
Weighted average maturity 353.67
------------------------
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 $ 29.00000000 % 0.00000000
PO $ 0.68452212 $ 0.00000000 $ 0.00000000 % 0.00000000
A1 $ 6.75459287 $ 6.35391841 $ 5.15065508 % 6.24999995
A2 $ 0.00000000 $ 0.00000000 $ 5.29166662 % 6.34999995
A3 $ 0.00000000 $ 0.00000000 $ 5.29166796 % 6.35000156
A4 $ 4.31959658 $ 4.06336339 $ 5.37699944 % 6.50000003
A5 $ 112.49365626 $ 105.82066481 $ 3.55258105 % 6.21952982
A6 $ 112.49365615 $ 105.82066493 $ 5.49180146 % 9.61453727
A9 $ 29.42954105 $ 32.78069813 $ 5.41828959 % 6.75000045
A10 $ 13.00905351 $ 12.23737180 $ 5.43916155 % 6.75000004
A11 $ 6.75459297 $ 6.35391831 $ 5.10944971 % 6.19999979
A12 $ 4.43942290 $ 4.17608150 $ 5.37599960 % 6.50000005
A7 $ 0.00000000 $ 0.00000000 $ 6.92313213 % 8.23212449
A8 $ 0.79679465 $ 0.74952880 $ 5.61616638 % 6.75000309
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
M $ 0.79679404 $ 0.00000000 $ 5.61616406 % 6.75000030
B1 $ 0.79679499 $ 0.00000000 $ 5.61616460 % 6.75000094
B2 $ 0.79679482 $ 0.00000000 $ 5.61616419 % 6.74911774
B3 $ 0.79679281 $ 0.00000000 $ 5.61616356 % 6.74999969
B4 $ 0.79679756 $ 0.00000000 $ 5.61616356 % 6.74999972
B5 $ 0.79679534 $ 0.00000000 $ 5.61616080 % 6.74999636
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
A9 $ 41,910.47
A7 $ 346,908.26
2. The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 102,993.21
-------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 502,651,249.28
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,571
---------------
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 36157RRJ6
PO $ 863,778.76 $ 863,186.20 $ 997.15 GEC9814PO
A1 $ 64,793,428.31 $ 64,350,874.14 $ 982.17 36157RQW8
A2 $ 78,008,000.00 $ 78,008,000.00 $ 1,000.00 36157RQX6
A3 $ 2,572,000.00 $ 2,572,000.00 $ 1,000.00 36157RQY4
A4 $ 37,426,893.96 $ 37,264,032.20 $ 988.36 36157RQZ1
A5 $ 23,329,493.41 $ 19,500,667.20 $ 572.94 36157RRA5
A6 $ 4,320,276.56 $ 3,611,234.67 $ 572.94 36157RRB3
A9 $ 7,450,749.72 $ 7,223,112.22 $ 933.82 36157RRE7
A10 $ 68,469,615.57 $ 67,548,457.50 $ 953.95 36157RRF4
A11 $ 24,332,518.87 $ 24,166,322.11 $ 982.17 36157RRG2
A12 $ 99,249,222.67 $ 98,805,280.39 $ 988.05 36157RRH0
A7 $ 75,689,075.52 $ 76,035,983.78 $ 1,013.81 36157RRC1
A8 $ 1,716,299.66 $ 1,714,929.97 $ 997.63 36157RRD9
SUP $ 468,392,953.35 $ 461,854,243.03 $ 952.27 GE9814SUP
RL $ 0.00 $ 0.00 $ 0.00 36157RRK3
M $ 9,714,081.35 $ 9,706,329.05 $ 997.63 36157RRL1
B1 $ 4,200,683.86 $ 4,197,331.51 $ 997.63 36157RRM9
B2 $ 2,362,884.84 $ 2,360,999.39 $ 997.76 36157RRN7
B3 $ 2,100,341.43 $ 2,098,665.26 $ 997.63 36157RSX4
B4 $ 1,050,170.71 $ 1,049,332.63 $ 997.63 36157RSY2
B5 $ 1,575,767.96 $ 1,574,510.42 $ 997.63 36157RSZ9
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 22 Principal Balance $ 7,453,282.49
-------- --------------
2. 60-89 days
Number 3 Principal Balance $ 803,366.93
-------- --------------
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
A5 % 6.21952982
A6 % 9.61453727
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.49
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-15, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of September 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 362,283.82
-------------
(b) Interest $ 2,757,085.28
-------------
(c) Total $ 3,119,369.10
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 269,660.39
-------------
(b) Interest $ 2,044,146.26
-------------
(c) Total $ 2,313,806.65
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 92,623.43
-------------
(b) Interest $ 712,939.02
-------------
(c) Total $ 805,562.45
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 432,224.32
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 9,695,421.85
-------------
(b) Interest $ 56,244.08
-------------
(c) Total $ 9,751,665.93
-------------
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: $451,920,459.71
---------------
13. Available Funds: $ 13,085,948.50
---------------
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: $ 7,444.65
-------------
18. Total interest payments: $ 2,596,017.72
-------------
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 $ 1,409,224.77 $ 0.00 $1,409,224.77 % 6.749999996
A2 $ 486,017.92 $ 0.00 $ 486,017.92 % 6.749999944
A3 $ 151,668.25 $ 0.00 $ 151,668.25 % 6.019529863
A4 $ 62,498.00 $ 0.00 $ 62,498.00 % 9.567527538
A5 $ 8,437.50 $ 0.00 $ 8,437.50 % 6.750000000
A6 $ 8,437.50 $ 0.00 $ 8,437.50 % 6.750000000
A7 $ 11,250.00 $ 0.00 $ 11,250.00 % 6.750000000
A8 $ 46,428.57 $ 0.00 $ 46,428.57 % 6.499999475
A9 $ 29,166.67 $ 0.00 $ 29,166.67 % 7.000000800
A10 $ 8,779.76 $ 0.00 $ 8,779.76 % 7.375000613
A11 $ 267,187.50 $ 0.00 $ 267,187.50 % 6.750000000
M $ 49,448.71 $ 0.00 $ 49,448.71 % 6.749999407
B1 $ 21,383.23 $ 0.00 $ 21,383.23 % 6.750000783
B2 $ 12,028.06 $ 0.00 $ 12,028.06 % 6.749998099
B3 $ 10,691.61 $ 0.00 $ 10,691.61 % 6.749997644
B4 $ 5,345.80 $ 0.00 $ 5,345.80 % 6.749994847
B5 $ 8,023.87 $ 0.00 $ 8,023.87 % 6.750001977
20. Principal Distribution Amount: $ 10,489,930.78
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,029.39 $ 0.00
Class A1 $ 8,389,605.29 $ 0.00
Class A2 $ 2,084,407.29 $ 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 SUP $ 0.00 $ 0.00
Class M $ 6,885.74 $ 0.00
Class B1 $ 2,977.62 $ 0.00
Class B2 $ 1,674.91 $ 0.00
Class B3 $ 1,488.81 $ 0.00
Class B4 $ 744.40 $ 0.00
Class B5 $ 1,117.33 $ 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 % 6.01952986
Class A4 % 9.56752754
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: $ 94,069.57
-----------
3. Supplemental Servicing Fee amount: $ 126,903.40
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.881334 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: % 4.118666
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.50
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-15, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of September 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.303939
-------------------------
Weighted average maturity 354.67
-------------------------
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 $ 1.14647906 $ 0.26821233 $ 0.00000000 % 0.00000000
A1 $ 32.10385949 $ 31.04147490 $ 5.39257241 % 6.75000000
A2 $ 23.39769762 $ 22.62341827 $ 5.45560380 % 6.74999994
A3 $ 0.00000000 $ 0.00000000 $ 5.01627489 % 6.01952986
A4 $ 0.00000000 $ 0.00000000 $ 7.97293961 % 9.56752754
A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A6 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A7 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A8 $ 0.00000000 $ 0.00000000 $ 5.41666623 % 6.49999948
A9 $ 0.00000000 $ 0.00000000 $ 5.83333400 % 7.00000080
A10 $ 0.00000000 $ 0.00000000 $ 6.14583384 % 7.37500061
A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
M $ 0.78206423 $ 0.00000000 $ 5.61625433 % 6.74999941
B1 $ 0.78206495 $ 0.00000000 $ 5.61625547 % 6.75000078
B2 $ 0.78206450 $ 0.00000000 $ 5.61625325 % 6.74999810
B3 $ 0.78206495 $ 0.00000000 $ 5.61625285 % 6.74999764
B4 $ 0.78206010 $ 0.00000000 $ 5.61625054 % 6.74999485
B5 $ 0.78206799 $ 0.00000000 $ 5.61625649 % 6.75000198
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:
$ 94,069.57
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 451,920,459.71
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,320
---------------
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 36157RSA4
PO $ 896,125.39 $ 895,096.00 $ 996.91 GEC9815PO
A1 $ 250,528,848.13 $ 242,139,242.84 $ 926.58 36157RRP2
A2 $ 86,403,186.49 $ 84,318,779.20 $ 946.49 36157RRQ0
A3 $ 30,235,235.00 $ 30,235,235.00 $ 1,000.00 36157RRR8
A4 $ 7,838,765.00 $ 7,838,765.00 $ 1,000.00 36157RRS6
A5 $ 1,500,000.00 $ 1,500,000.00 $ 1,000.00 36157RRT4
A6 $ 1,500,000.00 $ 1,500,000.00 $ 1,000.00 36157RRU1
A7 $ 2,000,000.00 $ 2,000,000.00 $ 1,000.00 36157RRV9
A8 $ 8,571,429.00 $ 8,571,429.00 $ 1,000.00 36157RRW7
A9 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36157RRX5
A10 $ 1,428,571.00 $ 1,428,571.00 $ 1,000.00 36157RRY3
A11 $ 47,500,000.00 $ 47,500,000.00 $ 1,000.00 36157RRZ0
SUP $ 418,448,780.81 $ 408,026,284.09 $ 944.78 GE9815SUP
M $ 8,790,882.55 $ 8,783,996.80 $ 997.66 36157RSB2
B1 $ 3,801,462.67 $ 3,798,485.05 $ 997.66 36157RSC0
B2 $ 2,138,322.38 $ 2,136,647.47 $ 997.66 36157RSD8
B3 $ 1,900,731.33 $ 1,899,242.52 $ 997.66 36157RSR7
B4 $ 950,365.17 $ 949,620.76 $ 997.66 36157RSS5
B5 $ 1,426,465.36 $ 1,425,348.04 $ 997.66 36157RST3
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 35 Principal Balance $ 10,731,325.73
-------- --------------
2. 60-89 days
Number 1 Principal Balance $ 329,109.23
-------- --------------
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
A3 % 6.01952986
A4 % 9.56752754
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.51
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-16, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of September 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 806,451.39
-------------
(b) Interest $ 1,434,057.12
-------------
(c) Total $ 2,240,508.51
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 419,380.33
-------------
(b) Interest $ 743,577.86
-------------
(c) Total $ 1,162,958.19
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 387,071.06
-------------
(b) Interest $ 690,479.26
-------------
(c) Total $ 1,077,550.32
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 93,874.94
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,483,865.30
-------------
(b) Interest $ 8,741.31
-------------
(c) Total $ 1,492,606.61
-------------
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: $242,028,757.72
---------------
13. Available Funds: $ 3,705,710.11
---------------
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: $ 3,444.54
-------------
18. Total interest payments: $ 1,321,518.47
-------------
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 $ 281,014.12 $ 0.00 $ 281,014.12 % 6.499999976
A2 $ 36,562.50 $ 0.00 $ 36,562.50 % 6.500000000
A3 $ 145,301.75 $ 0.00 $ 145,301.75 % 6.500000085
A5 $ 256,384.10 $ 0.00 $ 256,384.10 % 6.250000070
A4 $ 10,255.36 $ 0.00 $ 10,255.36 % 0.249999905
A6 $ 565,157.02 $ 0.00 $ 565,157.02 % 6.500000057
RL $ 0.00 $ 0.00 $ 0.00 % 0.000000000
M $ 10,066.35 $ 0.00 $ 10,066.35 % 6.499997156
B1 $ 3,355.45 $ 0.00 $ 3,355.45 % 6.500004116
B2 $ 3,355.45 $ 0.00 $ 3,355.45 % 6.500004116
B3 $ 6,039.81 $ 0.00 $ 6,039.81 % 6.499998287
B4 $ 2,013.27 $ 0.00 $ 2,013.27 % 6.500004116
B5 $ 2,013.29 $ 0.00 $ 2,013.29 % 6.500013251
20. Principal Distribution Amount: $ 2,384,191.64
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,566.93 $ 0.00
Class A1 $ 638,755.08 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 88,502.14 $ 0.00
Class A5 $ 606,080.97 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A6 $ 1,032,936.27 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 6,131.34 $ 0.00
Class B1 $ 2,043.78 $ 0.00
Class B2 $ 2,043.78 $ 0.00
Class B3 $ 3,678.80 $ 0.00
Class B4 $ 1,226.27 $ 0.00
Class B5 $ 1,226.28 $ 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: $ 36,220.09
----------
3. Supplemental Servicing Fee amount: $ 68,368.87
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 97.968729 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: % 2.031271
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.52
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-16, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of September 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.08799
------------------------
Weighted average maturity 174.32
------------------------
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 $ 3.53288526 $ 0.09444746 $ 0.00000000 % 0.00000000
A1 $ 12.00160331 $ 8.00199217 $ 5.27998931 % 6.49999998
A2 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
A3 $ 3.27785704 $ 2.18549000 $ 5.38154630 % 6.50000009
A5 $ 12.00160337 $ 8.00199228 $ 5.07691287 % 6.25000007
A4 $ 0.00000000 $ 0.00000000 $ 0.20307644 % 0.24999991
A6 $ 9.69893211 $ 6.46670094 $ 5.30663869 % 6.50000006
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
M $ 3.27785892 $ 0.00000000 $ 5.38154386 % 6.49999716
B1 $ 3.27786242 $ 0.00000000 $ 5.38154961 % 6.50000412
B2 $ 3.27786242 $ 0.00000000 $ 5.38154961 % 6.50000412
B3 $ 3.27785594 $ 0.00000000 $ 5.38154482 % 6.49999829
B4 $ 3.27786777 $ 0.00000000 $ 5.38154961 % 6.50000412
B5 $ 3.27786655 $ 0.00000000 $ 5.38155719 % 6.50001325
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:
$ 36,220.09
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 242,028,757.72
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 784
-----------------
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 36157RSL0
PO $ 440,309.85 $ 438,742.92 $ 989.21 GEC9816PO
A1 $ 51,879,530.04 $ 51,240,774.96 $ 962.77 36157RSE6
A2 $ 6,750,000.00 $ 6,750,000.00 $ 1,000.00 36157RSF3
A3 $ 26,824,938.11 $ 26,736,435.98 $ 990.24 36157RSG1
A5 $ 49,225,746.65 $ 48,619,665.68 $ 962.77 36157RSJ5
A4 $ 49,225,746.65 $ 48,619,665.68 $ 962.77 36157RSH9
A6 $ 104,336,679.70 $ 103,303,743.42 $ 969.99 36157RSK2
SUP $ 220,465,905.16 $ 218,167,434.18 $ 968.41 GE9816SUP
RL $ 0.00 $ 0.00 $ 0.00 GEC9816RL
M $ 1,858,403.89 $ 1,852,272.56 $ 990.24 36157RSM8
B1 $ 619,467.30 $ 617,423.53 $ 990.24 36157RSN6
B2 $ 619,467.30 $ 617,423.53 $ 990.24 36157RSP1
B3 $ 1,115,042.14 $ 1,111,363.34 $ 990.24 36157RSU0
B4 $ 371,680.38 $ 370,454.12 $ 990.24 36157RSV8
B5 $ 371,683.55 $ 370,457.27 $ 990.24 36157RSW6
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 $ 781,384.66
-------- --------------
2. 60-89 days
Number 73 Principal Balance $ 21,814,490.13
-------- --------------
3. 90 days or more
Number 147 Principal Balance $ 48,915,695.24
-------- --------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- --------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- --------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.53
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-17, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 410,517.78
-------------
(b) Interest $ 3,107,333.53
-------------
(c) Total $ 3,517,851.31
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 354,044.67
-------------
(b) Interest $ 2,664,942.80
-------------
(c) Total $ 3,018,987.47
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 56,473.11
-------------
(b) Interest $ 442,390.73
-------------
(c) Total $ 498,863.84
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 126,363.83
------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 5,798,967.21
-------------
(b) Interest $ 34,868.43
-------------
(c) Total $ 5,833,835.64
-------------
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: $511,111,742.26
---------------
13. Available Funds: $ 9,240,930.60
---------------
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: $ 3,829.11
-------------
18. Total interest payments: $ 2,905,081.79
-------------
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 $ 560,275.27 $ 0.00 $560,275.27 %6.750000036
A2 $ 41,461.88 $ 0.00 $ 41,461.88 %6.750000814
A3 $ 281,039.16 $ 0.00 $281,039.16 %6.749999949
A4 $ 277,859.91 $ 0.00 $277,859.91 %6.749999973
A5 $ 183,877.94 $ 0.00 $183,877.94 %6.750000115
A6 $ 999,934.92 $ 0.00 $999,934.92 %6.749999977
A7 $ 54,405.00 $ 0.00 $ 54,405.00 %6.750000000
A9 $ 135,118.23 $ 0.00 $135,118.23 %6.499999992
A8 $ 5,196.86 $ 0.00 $ 5,196.86 %0.250000240
A10 $ 71,685.37 $ 0.00 $ 71,685.37 %5.862500398
A11 $ 38,364.67 $ 0.00 $ 38,364.67 %9.412500590
A12 $ 99,112.50 $ 0.00 $ 99,112.50 %6.750000000
A13 $ 39,418.65 $ 0.00 $ 39,418.65 %6.750000000
RL $ 0.00 $ 0.00 $ 0.00 %0.000000000
M $ 43,997.77 $ 0.00 $ 43,997.77 %6.750000671
B1 $ 21,998.88 $ 0.00 $ 21,998.88 %6.749999137
B2 $ 14,664.05 $ 0.00 $ 14,664.05 %6.750000757
B3 $ 19,070.57 $ 0.00 $ 19,070.57 %6.750000150
B4 $ 8,796.18 $ 0.00 $ 8,796.18 %6.749999410
B5 $ 8,803.98 $ 0.00 $ 8,803.98 %6.750001164
20. Principal Distribution Amount: $6,335,848.81
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,324.75 $ 0.00
Class A1 $ 1,493,548.51 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 39,629.04 $ 0.00
Class A4 $ 1,230,873.31 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 3,116,594.71 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A9 $ 437,333.71 $ 0.00
Class A8 $ 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 SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 6,204.08 $ 0.00
Class B1 $ 3,102.04 $ 0.00
Class B2 $ 2,067.76 $ 0.00
Class B3 $ 2,689.12 $ 0.00
Class B4 $ 1,240.34 $ 0.00
Class B5 $ 1,241.44 $ 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 A10 % 5.86250040
Class A11 % 9.41250059
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: $ 98,571.10
-----------
3. Supplemental Servicing Fee amount: $ 131,644.52
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.961166 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: % 4.038834
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.54
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-17, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.290349
-------------------------
Weighted average maturity 355.25
-------------------------
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 $ 1.33859398 $ 0.45424791 $ 0.00000000 % 0.00000000
A1 $ 14.83955893 $ 13.91625775 $ 5.56676789 % 6.75000004
A2 $ 0.00000000 $ 0.00000000 $ 5.62500068 % 6.75000081
A3 $ 0.79254972 $ 0.74323825 $ 5.62056276 % 6.74999995
A4 $ 24.49206682 $ 22.96819703 $ 5.52889028 % 6.74999997
A5 $ 0.00000000 $ 0.00000000 $ 5.62500010 % 6.75000011
A6 $ 17.32014908 $ 16.24250826 $ 5.55703372 % 6.74999998
A7 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A9 $ 17.32014899 $ 16.24250846 $ 5.35121767 % 6.49999999
A8 $ 0.00000000 $ 0.00000000 $ 0.20581626 % 0.25000024
A10 $ 0.00000000 $ 0.00000000 $ 4.88541700 % 5.86250040
A11 $ 0.00000000 $ 0.00000000 $ 7.84375049 % 9.41250059
A12 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A13 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
M $ 0.79254982 $ 0.00000000 $ 5.62056336 % 6.75000067
B1 $ 0.79254982 $ 0.00000000 $ 5.62056208 % 6.74999914
B2 $ 0.79254887 $ 0.00000000 $ 5.62056343 % 6.75000076
B3 $ 0.79254937 $ 0.00000000 $ 5.62056292 % 6.75000015
B4 $ 0.79254952 $ 0.00000000 $ 5.62056230 % 6.74999941
B5 $ 0.79254979 $ 0.00000000 $ 5.62056360 % 6.75000116
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:
$ 98,571.10
-----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 511,111,742.26
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,537
---------------
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 36157RTM7
PO $ 988,611.13 $ 987,286.39 $ 997.60 GEC9817PO
A1 $ 99,604,491.92 $ 98,110,943.42 $ 974.81 36157RTA3
A2 $ 7,371,000.00 $ 7,371,000.00 $ 1,000.00 36157RTB1
A3 $ 49,962,517.71 $ 49,922,888.67 $ 998.42 36157RTC9
A4 $ 49,397,317.53 $ 48,166,444.22 $ 958.42 36157RTD7
A5 $ 32,689,411.00 $ 32,689,411.00 $ 1,000.00 36157RTE5
A6 $ 177,766,208.60 $ 174,649,613.88 $ 970.60 36157RTF2
A7 $ 9,672,000.00 $ 9,672,000.00 $ 1,000.00 36157RTG0
A9 $ 24,944,904.03 $ 24,507,570.32 $ 970.60 36157RTJ4
A8 $ 24,944,904.03 $ 24,507,570.32 $ 970.60 36157RTH8
A10 $ 14,673,337.00 $ 14,673,337.00 $ 1,000.00 36157RTK1
A11 $ 4,891,113.00 $ 4,891,113.00 $ 1,000.00 36157RTL9
A12 $ 17,620,000.00 $ 17,620,000.00 $ 1,000.00 36157RUY9
A13 $ 7,007,760.00 $ 7,007,760.00 $ 1,000.00 36157RUZ6
SUP $ 470,136,887.28 $ 463,853,975.66 $ 977.51 GE9817SUP
RL $ 0.00 $ 0.00 $ 0.00 36157RTN5
M $ 7,821,825.00 $ 7,815,620.92 $ 998.42 36157RTP0
B1 $ 3,910,912.50 $ 3,907,810.46 $ 998.42 36157RTQ8
B2 $ 2,606,941.93 $ 2,604,874.17 $ 998.42 36157RTR6
B3 $ 3,390,323.48 $ 3,387,634.36 $ 998.42 36157RVA0
B4 $ 1,563,765.47 $ 1,562,525.13 $ 998.42 36157RVB8
B5 $ 1,565,151.73 $ 1,563,910.29 $ 998.42 36157RVC6
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 27 Principal Balance $ 9,327,948.81
-------- -------------
2. 60-89 days
Number 3 Principal Balance $ 1,020,684.99
-------- -------------
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
A10 % 5.86250040
A11 % 9.41250059
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.55
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-18, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 567,396.44
--------------
(b) Interest $ 1,005,876.41
--------------
(c) Total $ 1,573,272.85
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 295,568.52
--------------
(b) Interest $ 525,533.15
--------------
(c) Total $ 821,101.67
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 271,827.92
--------------
(b) Interest $ 480,343.26
--------------
(c) Total $ 752,171.18
--------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 89,080.59
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,021,441.05
--------------
(b) Interest $ 11,758.66
--------------
(c) Total $ 2,033,199.71
--------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
--------------
(b) Interest $ 0.00
--------------
(c) Total $ 0.00
--------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
--------------
(b) Interest $ 0.00
--------------
(c) Total $ 0.00
--------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
--------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 171,088,746.01
---------------
13. Available Funds: $ 3,582,708.53
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
--------------
17. Compensating Interest Payment: $ 2,654.06
--------------
18. Total interest payments: $ 904,790.45
--------------
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 $ 886,139.80 $ 0.00 $ 886,139.80 % 6.250000019
M $ 6,993.35 $ 0.00 $ 6,993.35 % 6.250003398
B1 $ 2,331.12 $ 0.00 $ 2,331.12 % 6.250012288
B2 $ 2,331.12 $ 0.00 $ 2,331.12 % 6.250012288
B3 $ 3,727.71 $ 0.00 $ 3,727.71 % 6.250003493
B4 $ 1,863.85 $ 0.00 $ 1,863.85 % 6.249986727
B5 $ 1,403.50 $ 0.00 $ 1,403.50 % 6.250018091
20. Principal Distribution Amount: $ 2,677,918.08
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 166.73 $ 0.00
Class A $ 2,666,058.84 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 4,384.29 $ 0.00
Class B1 $ 1,461.43 $ 0.00
Class B2 $ 1,461.43 $ 0.00
Class B3 $ 2,336.99 $ 0.00
Class B4 $ 1,168.49 $ 0.00
Class B5 $ 879.88 $ 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: $ 34,806.11
----------
3. Supplemental Servicing Fee amount: $ 75,150.96
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 97.938679 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: % 2.061321
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.56
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-18, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.033606
-------------------------
Weighted average maturity 174.54
-------------------------
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 $ 3.54217123 $ 0.08646696 $ 0.00000000 % 0.00000000
A $ 15.15004289 $ 11.99314555 $ 5.03554377 % 6.25000002
M $ 3.25485523 $ 0.00000000 $ 5.19179659 % 6.25000340
B1 $ 3.25485523 $ 0.00000000 $ 5.19180401 % 6.25001229
B2 $ 3.25485523 $ 0.00000000 $ 5.19180401 % 6.25001229
B3 $ 3.25486072 $ 0.00000000 $ 5.19179666 % 6.25000349
B4 $ 3.25484680 $ 0.00000000 $ 5.19178273 % 6.24998673
B5 $ 3.25484053 $ 0.00000000 $ 5.19180876 % 6.25001809
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:
$ 34,806.11
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 171,088,746.01
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 504
-----------------
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 36157RTT2
PO $ 46,900.55 $ 46,733.83 $ 992.86 GEC9818PO
A $ 170,138,841.07 $ 167,472,782.23 $ 951.67 36157RTS4
SUP $ 171,883,648.41 $ 169,213,010.30 $ 952.10 GE9818SUP
M $ 1,342,722.47 $ 1,338,338.18 $ 993.57 36157RTU9
B1 $ 447,574.16 $ 446,112.73 $ 993.57 36157RTV7
B2 $ 447,574.16 $ 446,112.73 $ 993.57 36157RTW5
B3 $ 715,719.92 $ 713,382.93 $ 993.57 GEC9818B3
B4 $ 357,859.96 $ 356,691.47 $ 993.57 GEC9818B4
B5 $ 269,471.22 $ 268,591.34 $ 993.57 GEC9818B5
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 $ 1,830,839.38
--------
-------- -------------
2. 60-89 days
Number 16 Principal Balance $ 7,156,781.23
--------
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
--------
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.57
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-19, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 293,413.17
--------------
(b) Interest $ 2,220,476.28
--------------
(c) Total $ 2,513,889.45
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 244,612.12
--------------
(b) Interest $ 1,849,761.65
--------------
(c) Total $ 2,094,373.77
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 48,801.05
--------------
(b) Interest $ 370,714.63
--------------
(c) Total $ 419,515.68
--------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 55,084.90
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 5,152,767.63
--------------
(b) Interest $ 29,253.67
--------------
(c) Total $ 5,182,021.30
--------------
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: $ 366,260,604.30
---------------
13. Available Funds: $ 7,514,611.42
---------------
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: $ 5,293.70
-------------
18. Total interest payments: $ 2,013,345.73
-------------
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 $ 679,632.95 $ 0.00 $ 679,632.95 % 6.500000008
A2 $ 803,975.44 $ 0.00 $ 803,975.44 % 6.500000012
A3 $ 80,740.83 $ 0.00 $ 80,740.83 % 6.499999732
A4 $ 5,416.67 $ 0.00 $ 5,416.67 % 6.500004000
A5 $ 5,416.67 $ 0.00 $ 5,416.67 % 6.500004000
A6 $ 39,278.36 $ 0.00 $ 39,278.36 % 7.000000149
A7 $ 5,357.99 $ 0.00 $ 5,357.99 % 6.500004696
A8 $ 27,083.33 $ 0.00 $ 27,083.33 % 6.499999200
A9 $ 10,892.01 $ 0.00 $ 0.00 % 6.499997690
A10 $ 55,406.43 $ 0.00 $ 55,406.43 % 6.319530386
A11 $ 14,733.50 $ 0.00 $ 14,733.50 % 6.001676241
A12 $ 203,910.42 $ 0.00 $ 203,910.42 % 6.500000106
M $ 30,558.52 $ 0.00 $ 30,558.52 % 6.499999451
B1 $ 15,284.67 $ 0.00 $ 15,284.67 % 6.499998435
B2 $ 10,186.17 $ 0.00 $ 10,186.17 % 6.499997312
B3 $ 13,244.19 $ 0.00 $ 13,244.19 % 6.499999311
B4 $ 6,110.62 $ 0.00 $ 6,110.62 % 6.499997819
B5 $ 6,116.96 $ 0.00 $ 6,116.96 % 6.499995471
20. Principal Distribution Amount: $ 5,501,265.69
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 70.62 $ 0.00
Class A1 $ 2,762,576.05 $ 0.00
Class A2 $ 2,726,744.01 $ 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 $ 10,892.01 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 10,892.01
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 4,452.49 $ 0.00
Class B1 $ 2,227.03 $ 0.00
Class B2 $ 1,484.16 $ 0.00
Class B3 $ 1,929.73 $ 0.00
Class B4 $ 890.34 $ 0.00
Class B5 $ 891.26 $ 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 A10 % 6.31953039
Class A11 % 6.00167624
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: $ 72,134.41
-----------
3. Supplemental Servicing Fee amount: $ 160,551.50
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.951955 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: % 4.048045
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.58
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-19, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.273647
------------------------
Weighted average maturity 355.72
------------------------
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 $ 1.04868812 $ 0.13958749 $ 0.00000000 % 0.00000000
A1 $ 21.61217328 $ 20.50396167 $ 5.31690162 % 6.50000001
A2 $ 18.08785413 $ 17.16035973 $ 5.33317041 % 6.50000001
A3 $ 0.00000000 $ 0.00000000 $ 5.41666644 % 6.49999973
A4 $ 0.00000000 $ 0.00000000 $ 5.41667000 % 6.50000400
A5 $ 0.00000000 $ 0.00000000 $ 5.41667000 % 6.50000400
A6 $ 0.00000000 $ 0.00000000 $ 5.83333346 % 7.00000015
A7 $ 10.89201000 $ 10.33350000 $ 5.35799000 % 6.50000470
A8 $ 0.00000000 $ 0.00000000 $ 5.41666600 % 6.49999920
A9 $ 0.00000000 $ 0.00000000 $ 5.44600500 % 6.49999769
A10 $ 0.00000000 $ 0.00000000 $ 5.26627532 % 6.31953039
A11 $ 0.00000000 $ 0.00000000 $ 5.00139687 % 6.00167624
A12 $ 0.00000000 $ 0.00000000 $ 5.41666676 % 6.50000011
M $ 0.78860964 $ 0.00000000 $ 5.41241941 % 6.49999945
B1 $ 0.78860836 $ 0.00000000 $ 5.41241856 % 6.49999844
B2 $ 0.78860786 $ 0.00000000 $ 5.41241764 % 6.49999731
B3 $ 0.78861054 $ 0.00000000 $ 5.41241929 % 6.49999931
B4 $ 0.78860939 $ 0.00000000 $ 5.41241807 % 6.49999782
B5 $ 0.78860577 $ 0.00000000 $ 5.41241611 % 6.49999547
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
A9 $ 10,892.01
2. The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 72,134.41
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 366,260,604.30
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,093
-----------------
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 36157RUK9
PO $ 67,271.04 $ 67,200.42 $ 997.91 GEC9819PO
A1 $ 125,470,698.30 $ 122,708,122.25 $ 959.97 36157RTX3
A2 $ 148,426,234.81 $ 145,699,490.80 $ 966.50 36157RTY1
A3 $ 14,906,000.00 $ 14,906,000.00 $ 1,000.00 36157RTZ8
A4 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RUA1
A5 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RUB9
A6 $ 6,733,433.00 $ 6,733,433.00 $ 1,000.00 36157RUC7
A7 $ 989,166.67 $ 978,274.65 $ 978.27 36157RUD5
A8 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36157RUE3
A9 $ 2,010,833.33 $ 2,021,725.35 $ 1,010.86 36157RUF0
A10 $ 10,520,990.00 $ 10,520,990.00 $ 1,000.00 36157RUG8
A11 $ 2,945,877.00 $ 2,945,877.00 $ 1,000.00 36157RUH6
A12 $ 37,645,000.00 $ 37,645,000.00 $ 1,000.00 36157RUJ2
SUP $ 368,416,216.34 $ 362,918,257.72 $ 972.70 GE9819SUP
M $ 5,641,573.40 $ 5,637,120.91 $ 998.43 36157RUL7
B1 $ 2,821,785.91 $ 2,819,558.88 $ 998.43 36157RUM5
B2 $ 1,880,524.47 $ 1,879,040.30 $ 998.43 36157RUN3
B3 $ 2,445,081.49 $ 2,443,151.76 $ 998.43 GEC9819B3
B4 $ 1,128,114.84 $ 1,127,224.50 $ 998.43 GEC9819B4
B5 $ 1,129,285.71 $ 1,128,394.44 $ 998.43 GEC9819B5
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 15 Principal Balance $ 5,830,852.16
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A10 % 6.31953039
A11 % 6.00167624
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.59
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-20, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 285,061.05
-------------
(b) Interest $ 2,115,295.42
-------------
(c) Total $ 2,400,356.47
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 83,743.33
-------------
(b) Interest $ 559,633.81
-------------
(c) Total $ 643,377.14
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 201,317.72
-------------
(b) Interest $ 1,555,661.61
-------------
(c) Total $ 1,756,979.33
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 92,642.19
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 6,011,082.68
-------------
(b) Interest $ 40,429.82
-------------
(c) Total $ 6,051,512.50
-------------
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 $ 228,411.38
---------------
(b) Interest $ 810.23
---------------
(c) Total $ 229,221.61
---------------
12. Pool Scheduled Principal Balance: $336,483,855.42
---------------
13. Available Funds: $ 8,475,320.66
---------------
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: $ 10,219.43
-------------
18. Total interest payments: $ 1,858,123.37
-------------
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 $ 1,516,104.20 $ 0.00 $ 1,516,104.20 %6.500000016
A2 $ 27,083.33 $ 0.00 $ 27,083.33 %6.499999200
A3 $ 27,083.33 $ 0.00 $ 27,083.33 %6.499999200
A4 $ 21,802.08 $ 0.00 $ 21,802.08 %6.499999006
A5 $ 190,076.25 $ 0.00 $ 190,076.25 %6.500000000
M $ 28,489.88 $ 0.00 $ 28,489.88 %6.499999127
B1 $ 14,244.94 $ 0.00 $ 14,244.94 %6.499999127
B2 $ 9,498.43 $ 0.00 $ 9,498.43 %6.499998620
B3 $ 12,345.26 $ 0.00 $ 12,345.26 %6.500002376
B4 $ 5,693.65 $ 0.00 $ 5,693.65 %6.500003430
B5 $ 5,702.02 $ 0.00 $ 5,702.02 %6.500002935
20. Principal Distribution Amount: $ 6,617,197.29
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 74.18 $ 0.00
Class A1 $ 6,605,469.96 $ 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 SUP $ 0.00 $ 0.00
Class M $ 4,369.87 $ 0.00
Class B1 $ 2,184.93 $ 0.00
Class B2 $ 1,456.90 $ 0.00
Class B3 $ 1,893.55 $ 0.00
Class B4 $ 873.31 $ 0.00
Class B5 $ 874.59 $ 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: $ 75,406.60
-----------
3. Supplemental Servicing Fee amount: $ 220,862.00
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.911241 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: % 4.088759
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.60
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-20, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.546184
------------------------
Weighted average maturity 345.81
------------------------
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 $ 1.17854533 $ 0.28470656 $ 0.00000000 % 0.00000000
A1 $ 22.95973877 $ 22.00960470 $ 5.26977741 % 6.50000002
A2 $ 0.00000000 $ 0.00000000 $ 5.41666600 % 6.49999920
A3 $ 0.00000000 $ 0.00000000 $ 5.41666600 % 6.49999920
A4 $ 0.00000000 $ 0.00000000 $ 5.41666584 % 6.49999901
A5 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
M $ 0.83014248 $ 0.00000000 $ 5.41221125 % 6.49999913
B1 $ 0.83014058 $ 0.00000000 $ 5.41221125 % 6.49999913
B2 $ 0.83014245 $ 0.00000000 $ 5.41221083 % 6.49999862
B3 $ 0.83014029 $ 0.00000000 $ 5.41221394 % 6.50000238
B4 $ 0.83014259 $ 0.00000000 $ 5.41221483 % 6.50000343
B5 $ 0.83013890 $ 0.00000000 $ 5.41221443 % 6.50000294
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:
$ 75,406.60
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 336,483,855.42
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,083
-----------------
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 36157RUU7
PO $ 62,891.38 $ 62,817.20 $ 998.02 GEC9820PO
A1 $ 279,896,159.30 $ 273,290,689.34 $ 949.92 36157RUP8
A2 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36157RUQ6
A3 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36157RUR4
A4 $ 4,025,000.00 $ 4,025,000.00 $ 1,000.00 36157RUS2
A5 $ 35,091,000.00 $ 35,091,000.00 $ 1,000.00 36157RUT0
SUP $ 337,357,503.41 $ 330,748,196.10 $ 958.23 GE9820SUP
M $ 5,259,670.86 $ 5,255,300.99 $ 998.35 36157RUV5
B1 $ 2,629,835.43 $ 2,627,650.50 $ 998.35 36157RUW3
B2 $ 1,753,556.68 $ 1,752,099.78 $ 998.35 36157RUX1
B3 $ 2,279,124.09 $ 2,277,230.54 $ 998.35 36158GEU8
B4 $ 1,051,134.83 $ 1,050,261.52 $ 998.35 36158GEV6
B5 $ 1,052,680.14 $ 1,051,805.54 $ 998.35 36158GEW4
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 9 Principal Balance $ 2,632,659.27
--------
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
--------
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
--------
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.61
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-21, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 413,619.15
--------------
(b) Interest $ 3,140,781.05
--------------
(c) Total $ 3,554,400.20
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 285,918.35
--------------
(b) Interest $ 2,156,646.24
--------------
(c) Total $ 2,442,564.59
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 127,700.80
--------------
(b) Interest $ 984,134.81
--------------
(c) Total $ 1,111,835.61
--------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 241,470.70
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,490,455.32
--------------
(b) Interest $ 17,572.43
--------------
(c) Total $ 3,508,027.75
--------------
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 $ 266,116.27
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 266,116.27
---------------
12. Pool Scheduled Principal Balance: $ 517,691,020.87
---------------
13. Available Funds: $ 7,130,778.84
---------------
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: $ 2,022.13
-------------
18. Total interest payments: $ 2,719,117.35
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.52 $ 0.00 $ 0.52 % 6.240000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 1,740,531.25 $ 0.00 $ 1,740,531.25 % 6.250000000
A2 $ 4,447.92 $ 0.00 $ 4,447.92 % 6.250004684
A3 $ 260,762.67 $ 0.00 $ 260,762.67 % 6.250000080
A4 $ 8,125.00 $ 0.00 $ 8,125.00 % 6.500000000
A5 $ 31,034.18 $ 0.00 $ 31,034.18 % 6.500000087
A6 $ 7,943.05 $ 0.00 $ 7,943.05 % 6.019997057
A7 $ 3,931.95 $ 0.00 $ 3,931.95 % 8.940008867
A8 $ 24,272.00 $ 0.00 $ 24,272.00 % 6.000000000
A9 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A10 $ 63,000.00 $ 0.00 $ 63,000.00 % 6.500000129
A11 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A12 $ 397,135.42 $ 0.00 $ 397,135.42 % 6.250000052
A13 $ 66,442.71 $ 0.00 $ 66,442.71 % 6.250000157
M $ 53,026.04 $ 0.00 $ 53,026.04 % 6.249999804
B1 $ 21,750.00 $ 0.00 $ 21,750.00 % 6.250000000
B2 $ 12,234.38 $ 0.00 $ 12,234.38 % 6.250002554
B3 $ 10,875.00 $ 0.00 $ 10,875.00 % 6.250000000
B4 $ 5,437.50 $ 0.00 $ 5,437.50 % 6.250000000
B5 $ 8,167.76 $ 0.00 $ 8,167.76 % 6.249997330
20. Principal Distribution Amount: $ 4,411,661.49
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 100.00 $ 0.00
Class PO $ 64.56 $ 0.00
Class A1 $ 3,438,962.65 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 39,641.86 $ 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 $ 915,943.26 $ 0.00
Class A13 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 8,061.18 $ 0.00
Class B1 $ 3,306.50 $ 0.00
Class B2 $ 1,859.91 $ 0.00
Class B3 $ 1,653.25 $ 0.00
Class B4 $ 826.63 $ 0.00
Class B5 $ 1,241.69 $ 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: $ 0.28
---------------
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 A6 % 6.01999706
Class A7 % 8.94000887
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied:
Yes No
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 42,888.72
-----------
3. Supplemental Servicing Fee amount: $ 333,607.64
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.899747 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: % 4.100253
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.62
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-21, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.255983
------------------------
Weighted average maturity 356.14
------------------------
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 $1000.00000000 $ 909.70000000 $ 5.20000000 % 6.24000000
PO $ 2.00789973 $ 1.04562560 $ 0.00000000 % 0.00000000
A1 $ 10.29068785 $ 9.36192063 $ 5.20833333 % 6.25000000
A2 $ 0.00000000 $ 0.00000000 $ 5.20833724 % 6.25000468
A3 $ 0.79178520 $ 0.72032412 $ 5.20833340 % 6.25000008
A4 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
A5 $ 0.00000000 $ 0.00000000 $ 5.41666674 % 6.50000009
A6 $ 0.00000000 $ 0.00000000 $ 5.01666421 % 6.01999706
A7 $ 0.00000000 $ 0.00000000 $ 7.45000739 % 8.94000887
A8 $ 0.00000000 $ 0.00000000 $ 5.00000000 % 6.00000000
A9 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A10 $ 0.00000000 $ 0.00000000 $ 5.41666677 % 6.50000013
A11 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A12 $ 12.01237062 $ 10.92821609 $ 5.20833338 % 6.25000005
A13 $ 0.00000000 $ 0.00000000 $ 5.20833346 % 6.25000016
M $ 0.79178666 $ 0.00000000 $ 5.20833317 % 6.24999980
B1 $ 0.79178639 $ 0.00000000 $ 5.20833333 % 6.25000000
B2 $ 0.79178799 $ 0.00000000 $ 5.20833546 % 6.25000255
B3 $ 0.79178639 $ 0.00000000 $ 5.20833333 % 6.25000000
B4 $ 0.79179118 $ 0.00000000 $ 5.20833333 % 6.25000000
B5 $ 0.79178779 $ 0.00000000 $ 5.20833111 % 6.24999733
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:
$ 42,888.72
-------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 517,691,020.87
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,568
---------------
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 36157RWD3
PO $ 32,153.00 $ 32,088.16 $ 997.98 GEC9821PO
A1 $ 334,182,000.00 $ 330,743,037.35 $ 989.71 36157RVQ5
A2 $ 854,000.00 $ 854,000.00 $ 1,000.00 36157RVR3
A3 $ 50,066,432.00 $ 50,026,790.14 $ 999.21 36157RVS1
A4 $ 1,500,000.00 $ 1,500,000.00 $ 1,000.00 36157RVT9
A5 $ 5,729,387.00 $ 5,729,387.00 $ 1,000.00 36157RVU6
A6 $ 1,583,333.00 $ 1,583,333.00 $ 1,000.00 36157RVV4
A7 $ 527,778.00 $ 527,778.00 $ 1,000.00 36157RVW2
A8 $ 4,854,400.00 $ 4,854,400.00 $ 1,000.00 36157RVX0
A9 $ 263,889.00 $ 263,889.00 $ 1,000.00 36157RVY8
A10 $ 11,630,769.00 $ 11,630,769.00 $ 1,000.00 36157RVZ5
A11 $ 465,231.00 $ 465,231.00 $ 1,000.00 36157RWA9
A12 $ 76,250,000.00 $ 75,334,056.74 $ 987.99 36157RWB7
A13 $ 12,757,000.00 $ 12,757,000.00 $ 1,000.00 36157RWC5
SUP $ 520,950,217.00 $ 516,541,416.39 $ 991.54 GE9821SUP
M $ 10,181,000.00 $ 10,172,938.82 $ 999.21 36157RWE1
B1 $ 4,176,000.00 $ 4,172,693.50 $ 999.21 36157RWF8
B2 $ 2,349,000.00 $ 2,347,140.09 $ 999.21 36157RWG6
B3 $ 2,088,000.00 $ 2,086,346.75 $ 999.21 36157RWS0
B4 $ 1,044,000.00 $ 1,043,173.37 $ 999.21 36157RWT8
B5 $ 1,568,210.59 $ 1,566,968.90 $ 999.21 36157RWU5
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 25 Principal Balance $ 7,968,880.09
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A6 % 6.01999706
A7 % 8.94000887
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
---------------
2. Bankruptcy Loss Amount: $ 0.00
---------------
3. Fraud Loss Amount: $ 0.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
*It has been the Company's experience that, with respect to the first
Distribution Date after the closing of a securitization containing a large
number of recently originated or acquired Mortgage Loans, the number of Mortgage
Loans 30-59 days delinquent may be inflated due to the borrowers sending monthly
payments to the wrong location or delays by the Company in inputting the
Mortgage Loans on its servicing system. It has also been the Company's
experience that for the majority of such Mortgage Loans the routing of
borrowers' monthly payments has corrected itself by the second Distribution
Date. However, the Company makes no assurances as to the level of delinquent
Mortgage Loans for future Distribution Dates.
Exhibit 99.63
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-22, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 651,111.45
-------------
(b) Interest $ 1,166,691.37
-------------
(c) Total $ 1,817,802.82
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 299,861.08
-------------
(b) Interest $ 539,840.80
-------------
(c) Total $ 839,701.88
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 351,250.37
-------------
(b) Interest $ 626,850.57
-------------
(c) Total $ 978,100.94
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 88,488.12
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,104,372.88
-------------
(b) Interest $ 6,610.57
-------------
(c) Total $ 1,110,983.45
-------------
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 $ 712,785.51
---------------
(b) Interest $ 3,917.56
---------------
(c) Total $ 716,703.07
---------------
12. Pool Scheduled Principal Balance: $199,235,078.26
---------------
13. Available Funds: $ 3,565,648.28
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 330.23
-------------
18. Total interest payments: $ 1,008,890.04
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.50 $ 0.00 $ 0.50 % 6.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 983,665.56 $ 0.00 $983,665.56 % 6.000000000
A2 $ 5,044.80 $ 0.00 $ 5,044.80 % 6.000005947
M $ 7,565.00 $ 0.00 $ 7,565.00 % 6.000000000
B1 $ 2,520.00 $ 0.00 $ 2,520.00 % 6.000000000
B2 $ 2,525.00 $ 0.00 $ 2,525.00 % 6.000000000
B3 $ 4,035.00 $ 0.00 $ 4,035.00 % 6.000000000
B4 $ 2,020.00 $ 0.00 $ 2,020.00 % 6.000000000
B5 $ 1,514.19 $ 0.00 $ 1,514.19 % 6.000000000
20. Principal Distribution Amount: $ 2,556,758.24
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 100.00 $ 0.00
Class PO $ 47.45 $ 0.00
Class A1 $ 2,540,333.08 $ 0.00
Class A2 $ 3,255.54 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 4,881.90 $ 0.00
Class B1 $ 1,626.22 $ 0.00
Class B2 $ 1,629.45 $ 0.00
Class B3 $ 2,603.89 $ 0.00
Class B4 $ 1,303.56 $ 0.00
Class B5 $ 977.15 $ 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: $ 13,176.52
-----------
3. Supplemental Servicing Fee amount: $ 124,872.79
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 97.999863 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: % 2.000137
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.64
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-22, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.006733
-------------------------
Weighted average maturity 176.57
-------------------------
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 $ 749.20000000 $ 5.00000000 % 6.00000000
PO $ 3.43144345 $ 0.00000000 $ 0.00000000 % 0.00000000
A1 $ 12.91258525 $ 9.67367735 $ 5.00000000 % 6.00000000
A2 $ 3.22663260 $ 2.41728356 $ 5.00000496 % 6.00000595
M $ 3.22663582 $ 0.00000000 $ 5.00000000 % 6.00000000
B1 $ 3.22662698 $ 0.00000000 $ 5.00000000 % 6.00000000
B2 $ 3.22663366 $ 0.00000000 $ 5.00000000 % 6.00000000
B3 $ 3.22662949 $ 0.00000000 $ 5.00000000 % 6.00000000
B4 $ 3.22663366 $ 0.00000000 $ 5.00000000 % 6.00000000
B5 $ 3.22665061 $ 0.00000000 $ 5.00001238 % 6.00000000
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:
$ 13,176.52
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 199,235,078.26
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 638
---------------
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 36157RWK7
PO $ 13,828.00 $ 13,780.55 $ 996.57 GEC9822PO
A1 $ 196,733,112.00 $ 194,192,778.92 $ 987.09 36157RWH4
A2 $ 1,008,959.00 $ 1,005,703.46 $ 996.77 36157RWJ0
SUP $ 200,968,270.00 $ 198,414,328.26 $ 987.29
M $ 1,513,000.00 $ 1,508,118.10 $ 996.77 36157RWL5
B1 $ 504,000.00 $ 502,373.78 $ 996.77 36157RWM3
B2 $ 505,000.00 $ 503,370.55 $ 996.77 36157RWN1
B3 $ 807,000.00 $ 804,396.10 $ 996.77 36157RWV3
B4 $ 404,000.00 $ 402,696.44 $ 996.77 36157RWW1
B5 $ 302,837.25 $ 301,860.10 $ 996.77 36157RWX9
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- -------------
2. 60-89 days
Number 5 Principal Balance $ 415,236.20
-------- -------------
3. 90 days or more
Number 4 Principal Balance $ 2,708,797.97
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
----------------
2. Bankruptcy Loss Amount: $ 0.00
----------------
3. Fraud Loss Amount: $ 0.00
----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
*It has been the Company's experience that, with respect to the first
Distribution Date after the closing of a securitization containing a large
number of recently originated or acquired Mortgage Loans, the number of Mortgage
Loans 30-59 days delinquent may be inflated due to the borrowers sending monthly
payments to the wrong location or delays by the Company in inputting the
Mortgage Loans on its servicing system. It has also been the Company's
experience that for the majority of such Mortgage Loans the routing of
borrowers' monthly payments has corrected itself by the second Distribution
Date. However, the Company makes no assurances as to the level of delinquent
Mortgage Loans for future Distribution Dates.
Exhibit 99.65
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-23, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 424,383.16
-------------
(b) Interest $ 3,086,213.21
-------------
(c) Total $ 3,510,596.37
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 256,920.71
-------------
(b) Interest $ 1,874,746.76
-------------
(c) Total $ 2,131,667.47
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 167,462.45
-------------
(b) Interest $ 1,211,466.45
-------------
(c) Total $ 1,378,928.90
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 183,499.59
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,693,167.57
-------------
(b) Interest $ 14,163.80
-------------
(c) Total $ 2,707,331.37
-------------
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 $ 294,012.83
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 294,012.83
---------------
12. Pool Scheduled Principal Balance: $517,981,996.52
---------------
13. Available Funds: $ 6,202,948.45
---------------
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: $ 5,463.83
-------------
18. Total interest payments: $2,607,885.30
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.50 $ 0.00 $ 0.50 % 6.000000000
A $ 2,503,569.39 $ 0.00 $ 2,503,569.39 % 6.000000012
M $ 48,245.00 $ 0.00 $ 48,245.00 % 6.000000000
B1 $ 20,860.00 $ 0.00 $ 20,860.00 % 6.000000000
B2 $ 11,735.00 $ 0.00 $ 11,735.00 % 6.000000000
B3 $ 10,435.00 $ 0.00 $ 10,435.00 % 6.000000000
B4 $ 5,215.00 $ 0.00 $ 5,215.00 % 6.000000000
B5 $ 7,825.41 $ 0.00 $ 7,825.41 % 5.999997431
20. Principal Distribution Amount: $ 3,595,063.15
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 100.00 $ 0.00
Class A $ 3,577,987.79 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 7,850.96 $ 0.00
Class B1 $ 3,394.57 $ 0.00
Class B2 $ 1,909.65 $ 0.00
Class B3 $ 1,698.10 $ 0.00
Class B4 $ 848.64 $ 0.00
Class B5 $ 1,273.44 $ 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: $ 28,328.04
-----------
3. Supplemental Servicing Fee amount: $ 383,423.04
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 96.000000 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: % 4.000000
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.66
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-23, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.146102
------------------------
Weighted average maturity 356.22
------------------------
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 $ 806.60000000 $ 5.00000000 %6.00000000
A $ 7.14577317 $ 5.76391599 $ 5.00000001 %6.00000001
M $ 0.81365520 $ 0.00000000 $ 5.00000000 %6.00000000
B1 $ 0.81365532 $ 0.00000000 $ 5.00000000 %6.00000000
B2 $ 0.81365573 $ 0.00000000 $ 5.00000000 %6.00000000
B3 $ 0.81365596 $ 0.00000000 $ 5.00000000 %6.00000000
B4 $ 0.81365292 $ 0.00000000 $ 5.00000000 %6.00000000
B5 $ 0.81365669 $ 0.00000000 $ 4.99999786 %5.99999743
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:
$ 28,328.04
-------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 517,981,996.52
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,566
---------------
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 36157RVL6
A $ 500,713,877.00 $ 497,135,889.21 $ 992.86 36157RVK8
SUP $ 521,577,060.00 $ 517,981,996.52 $ 993.11 GE9823SUP
M $ 9,649,000.00 $ 9,641,149.04 $ 998.19 36157RVM4
B1 $ 4,172,000.00 $ 4,168,605.43 $ 999.19 36157RVN2
B2 $ 2,347,000.00 $ 2,345,090.35 $ 999.19 36157RVP7
B3 $ 2,087,000.00 $ 2,085,301.90 $ 999.19 36157RWP6
B4 $ 1,043,000.00 $ 1,042,151.36 $ 999.19 36157RWQ4
B5 $ 1,565,082.67 $ 1,563,809.23 $ 999.19 36157RWR2
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 $ 478,459.16
-------- -----------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -----------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -----------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -----------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -----------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
*It has been the Company's experience that, with respect to the first
Distribution Date after the closing of a securitization containing a large
number of recently originated or acquired Mortgage Loans, the number of Mortgage
Loans 30-59 days delinquent may be inflated due to the borrowers sending monthly
payments to the wrong location or delays by the Company in inputting the
Mortgage Loans on its servicing system. It has also been the Company's
experience that for the majority of such Mortgage Loans the routing of
borrowers' monthly payments has corrected itself by the second Distribution
Date. However, the Company makes no assurances as to the level of delinquent
Mortgage Loans for future Distribution Dates.
Exhibit 99.67
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
December, 1998
Series 1998-24, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 265,968.99
-------------
(b) Interest $ 2,044,437.12
-------------
(c) Total $ 2,310,406.11
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 50,820.11
-------------
(b) Interest $ 375,966.60
-------------
(c) Total $ 426,786.71
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 215,148.88
-------------
(b) Interest $ 1,668,470.52
-------------
(c) Total $ 1,883,619.40
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 27,448.66
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 16,202,271.91
--------------
(b) Interest $ 99,612.85
--------------
(c) Total $ 16,301,884.76
--------------
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 $ 304,742.60
---------------
(b) Interest $ 864.43
---------------
(c) Total $ 305,607.03
---------------
12. Pool Scheduled Principal Balance: $335,661,091.84
---------------
13. Available Funds: $ 18,636,106.81
---------------
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: $ 16,388.63
-------------
18. Total interest payments: $ 1,835,674.64
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.52 $ 0.00 $ 0.52 % 6.240000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 901,551.56 $ 0.00 $ 901,551.56 % 6.249999983
A2 $ 111,505.21 $ 0.00 $ 111,505.21 % 6.250000093
A3 $ 448,000.00 $ 0.00 $ 448,000.00 % 6.250000000
A4 $ 11,727.80 $ 0.00 $ 11,727.80 % 6.499997922
A5 $ 183,572.92 $ 0.00 $ 183,572.92 % 6.250000113
A6 $ 11,585.75 $ 0.00 $ 11,585.75 % 6.500002104
A7 $ 19,180.91 $ 0.00 $ 19,180.91 % 6.750001100
A8 $ 34,099.39 $ 0.00 $ 34,099.39 % 6.000000000
A9 $ 11,095.05 $ 0.00 $ 11,095.05 % 6.500002929
A10 $ 31,761.78 $ 0.00 $ 31,761.78 % 6.000000000
M $ 33,958.33 $ 0.00 $ 33,958.33 % 6.249999387
B1 $ 14,687.50 $ 0.00 $ 14,687.50 % 6.250000000
B2 $ 7,343.75 $ 0.00 $ 7,343.75 % 6.250000000
B3 $ 7,338.54 $ 0.00 $ 7,338.54 % 6.249998581
B4 $ 3,671.88 $ 0.00 $ 3,671.88 % 6.250008511
B5 $ 4,593.75 $ 0.00 $ 4,593.75 % 6.250001630
20. Principal Distribution Amount: $16,800,432.17
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 100.00 $ 0.00
Class PO $ 28.37 $ 0.00
Class A1 $ 11,810,312.35 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 4,979,618.74 $ 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 SUP $ 0.00 $ 0.00
Class M $ 4,919.98 $ 0.00
Class B1 $ 2,127.97 $ 0.00
Class B2 $ 1,063.98 $ 0.00
Class B3 $ 1,063.23 $ 0.00
Class B4 $ 531.99 $ 0.00
Class B5 $ 665.56 $ 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: $ 19,969.67
-----------
3. Supplemental Servicing Fee amount: $ 230,790.90
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 96.099867 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: % 3.900133
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.68
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-24, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.313034
-------------------------
Weighted average maturity 356.37
-------------------------
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 $ 984.80000000 $ 5.20000000 % 6.24000000
PO $ 2.36515215 $ 1.42976240 $ 0.00000000 % 0.00000000
A1 $ 68.22909088 $ 67.19047834 $ 5.20833332 % 6.24999998
A2 $ 0.00000000 $ 0.00000000 $ 5.20833341 % 6.25000009
A3 $ 57.89177293 $ 57.01051944 $ 5.20833333 % 6.25000000
A4 $ 0.00000000 $ 0.00000000 $ 5.41666493 % 6.49999792
A5 $ 0.00000000 $ 0.00000000 $ 5.20833343 % 6.25000011
A6 $ 0.00000000 $ 0.00000000 $ 5.41666842 % 6.50000210
A7 $ 0.00000000 $ 0.00000000 $ 5.62500092 % 6.75000110
A8 $ 0.00000000 $ 0.00000000 $ 5.00000000 % 6.00000000
A9 $ 0.00000000 $ 0.00000000 $ 5.41666911 % 6.50000293
A10 $ 0.00000000 $ 0.00000000 $ 5.00000000 % 6.00000000
M $ 0.75459816 $ 0.00000000 $ 5.20833282 % 6.24999939
B1 $ 0.75459929 $ 0.00000000 $ 5.20833333 % 6.25000000
B2 $ 0.75459574 $ 0.00000000 $ 5.20833333 % 6.25000000
B3 $ 0.75459901 $ 0.00000000 $ 5.20833215 % 6.24999858
B4 $ 0.75459574 $ 0.00000000 $ 5.20834043 % 6.25000851
B5 $ 0.75460337 $ 0.00000000 $ 5.20833469 % 6.25000163
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:
$ 19,969.67
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 335,661,091.84
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,046
----------------
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 36157RXJ9
PO $ 11,995.00 $ 11,966.63 $ 997.63 GEC9824PO
A1 $ 173,097,900.00 $ 161,287,587.65 $ 931.77 36157RWY7
A2 $ 21,409,000.00 $ 21,409,000.00 $ 1,000.00 36157RWZ4
A3 $ 86,016,000.00 $ 81,036,381.26 $ 942.11 36157RXA8
A4 $ 2,165,133.00 $ 2,165,133.00 $ 1,000.00 36157RXB6
A5 $ 35,246,000.00 $ 35,246,000.00 $ 1,000.00 36157RXC4
A6 $ 2,138,907.00 $ 2,138,907.00 $ 1,000.00 36157RXD2
A7 $ 3,409,939.00 $ 3,409,939.00 $ 1,000.00 36157RXE0
A8 $ 6,819,878.00 $ 6,819,878.00 $ 1,000.00 36157RXF7
A9 $ 2,048,316.00 $ 2,048,316.00 $ 1,000.00 36157RXG5
A10 $ 6,352,356.00 $ 6,352,356.00 $ 1,000.00 36157RXH3
SUP $ 351,376,271.00 $ 334,577,519.49 $ 952.19 GE9824SUP
M $ 6,520,000.00 $ 6,515,080.02 $ 999.25 36157RXK6
B1 $ 2,820,000.00 $ 2,817,872.03 $ 999.25 36157RXL4
B2 $ 1,410,000.00 $ 1,408,936.02 $ 999.25 36157RXM2
B3 $ 1,409,000.00 $ 1,407,936.77 $ 999.25 36157RXN0
B4 $ 705,000.00 $ 704,468.01 $ 999.25 36157RXP5
B5 $ 881,999.77 $ 881,334.21 $ 999.25 36157RXQ3
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- -----------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -----------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -----------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -----------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -----------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: %0.00000000
-----------
*It has been the Company's experience that, with respect to the first
Distribution Date after the closing of a securitization containing a large
number of recently originated or acquired Mortgage Loans, the number of Mortgage
Loans 30-59 days delinquent may be inflated due to the borrowers sending monthly
payments to the wrong location or delays by the Company in inputting the
Mortgage Loans on its servicing system. It has also been the Company's
experience that for the majority of such Mortgage Loans the routing of
borrowers' monthly payments has corrected itself by the second Distribution
Date. However, the Company makes no assurances as to the level of delinquent
Mortgage Loans for future Distribution Dates.
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