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Previous: HARLEYSVILLE GROUP INC, 4, 1999-06-08 |
Next: BRAUVIN INCOME PROPERTIES LP 6, SC 14D9, 1999-06-08 |
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) May 25, 1999
GE CAPITAL MORTGAGE SERVICES, INC.
----------------------------------
(as Seller and Servicer under Pooling and
Servicing Agreements each providing for the
issuance of a Series of Mortgage Pass-Through Certificates)
GE Capital Mortgage Services, Inc.
----------------------------------
(formerly known as Travelers Mortgage Services, Inc.)
(Exact name of registrant as specified in its charter)
New Jersey 33-5042 21-0627285
---------- ------- ----------
(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
Three Executive Campus
Cherry Hill, New Jersey 08002
----------------------- -----
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including
area code (609) 661-6100
<PAGE>
Item 5. Other Events
- ------- ------------
On May 25, 1999 GE Capital Mortgage Services, Inc. ("GECMSI") passed
through to Certificateholders of Mortgage Pass-Through Certificates principal
and interest payments as required for the various Series of Mortgage
Pass-Through Certificates listed below and as detailed in Item 7, Financial
Statements, Pro Forma Financial Information and Exhibits, of this Report.
Series Distribution on Series
- ------ ----------------------
Series 1999-01 $8,951,464.83
Series 1999-02 $4,689,062.87
Series 1999-03 $7,587,567.20
Series 1999-04 $3,432,603.68
Series 1999-05 $12,314,166.68
Series 1999-HE1 $11,677,239.34
Series 1999-06 $13,046,501.64
Series 1999-09 $7,365,915.33
Series 1999-10 $1,916,151.57
Series GEM99-1 $9,758,644.55
Item 7. Financial Statements and Exhibits
- ------- ---------------------------------
Attached as Exhibits to Item 7 are the "Servicer's Certificate" and the
"Distribution Date Statement" filed as part of this Report.
Series Exhibit No. Description
------ ----------- -----------
Series 1999-01 99.1 Servicer's Certificate
99.2 Distribution Date Statment
Series 1999-02 99.3 Servicer's Certificate
99.4 Distribution Date Statment
Series 1999-04 99.5 Servicer's Certificate
99.6 Distribution Date Statment
Series 1999-03 99.7 Servicer's Certificate
99.8 Distribution Date Statment
Series 1999-05 99.9 Servicer's Certificate
99.10 Distribution Date Statment
Series 1999-01 HE 99.11 Servicer's Certificate
99.12 Distribution Date Statment
Series 1999-06 99.13 Servicer's Certificate
99.14 Distribution Date Statment
Series GEM1999-01 99.17 Servicer's Certificate
99.18 Distribution Date Statment
Series 1999-09 99.19 Servicer's Certificate
99.20 Distribution Date Statment
Series 1999-10 99.15 Servicer's Certificate
99.16 Distribution Date Statment
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
----------------------------------
Name: Tim Neer
Title: Vice President, Investor Relations
Dated as of : May 25, 1999
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
- ----------- -----------
99.1 Series 1999-01 Servicer's Certificate
99.2 Series 1999-01 Distribution Date Statement
99.3 Series 1999-02 Servicer's Certificate
99.4 Series 1999-02 Distribution Date Statement
99.5 Series 1999-04 Servicer's Certificate
99.6 Series 1999-04 Distribution Date Statement
99.7 Series 1999-03 Servicer's Certificate
99.8 Series 1999-03 Distribution Date Statement
99.9 Series 1999-05 Servicer's Certificate
99.10 Series 1999-05 Distribution Date Statement
99.11 Series 1999-01HE Servicer's Certificate
99.12 Series 1999-01 HE Distribution Date Statement
99.13 Series 1999-06 Servicer's Certificate
99.14 Series 1999-06 Distribution Date Statement
99.15 Series 1999-10 Servicer's Certificate
99.16 Series 1999-10 Distribution Date Statement
99.17 Series GEM1999-01 Servicer's Certificate
99.18 Series GEM1999-01 Distribution Date Statement
99.19 Series 1999-09 Servicer's Certificate
99.20 Series 1999-09 Distribution Date Statement
Exhibit 99.01
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
May, 1999
Series 1999-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 574,655.51
--------------
(b) Interest $ 4,049,440.11
--------------
(c) Total $ 4,624,095.62
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 409,918.46
--------------
(b) Interest $ 2,875,728.57
--------------
(c) Total $ 3,285,647.03
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 164,737.05
--------------
(b) Interest $ 1,173,711.54
--------------
(c) Total $ 1,338,448.59
--------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 192,540.67
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,499,913.08
--------------
(b) Interest $ 26,624.68
--------------
(c) Total $ 4,526,537.76
--------------
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 $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 675,903,336.92
---------------
13. Available Funds: $ 8,958,214.72
---------------
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: $ 5,706.90
--------------
18. Total interest payments: $ 3,691,105.47
--------------
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 $ 365,075.83 $ 0.00 $ 365,075.83 %6.500000047
A2 $ 2,967,554.80 $ 0.00 $ 2,967,554.80 %6.499999992
A3 $ 7,583.33 $ 0.00 $ 7,583.33 %6.499997143
A4 $ 45,181.21 $ 0.00 $ 45,181.21 %6.500000360
A5 $ 40,997.96 $ 0.00 $ 40,997.96 %6.500000132
A6 $ 18,958.33 $ 0.00 $ 18,958.33 %6.499998857
A7 $ 14,000.00 $ 0.00 $ 14,000.00 %8.000000000
A8 $ 7,583.33 $ 0.00 $ 7,583.33 %6.499997143
A9 $ 7,583.33 $ 0.00 $ 7,583.33 %6.499997143
A10 $ 7,583.33 $ 0.00 $ 7,583.33 %6.499997143
A11 $ 7,583.33 $ 0.00 $ 7,583.33 %6.499997143
A12 $ 16,250.00 $ 0.00 $ 16,250.00 %6.500000000
A13 $ 22,000.00 $ 0.00 $ 22,000.00 %8.000000000
A14 $ 5,416.67 $ 0.00 $ 5,416.67 %6.500004000
A15 $ 5,416.67 $ 0.00 $ 5,416.67 %6.500004000
M $ 70,456.02 $ 0.00 $ 70,456.02 %6.500000145
B1 $ 30,467.47 $ 0.00 $ 30,467.47 %6.500000338
B2 $ 17,137.95 $ 0.00 $ 17,137.95 %6.500000002
B3 $ 17,137.95 $ 0.00 $ 17,137.95 %6.500000002
B4 $ 7,616.86 $ 0.00 $ 7,616.86 %6.499997404
B5 $ 9,521.10 $ 0.00 $ 9,521.10 %6.500001104
20. Principal Distribution Amount: $ 5,267,109.25
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 2,576.02 $ 0.00
Class A1 $ 56,846.43 $ 0.00
Class A2 $ 5,183,966.16 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class A13 $ 0.00 $ 0.00
Class A14 $ 0.00 $ 0.00
Class A15 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 10,970.80 $ 0.00
Class B1 $ 4,744.13 $ 0.00
Class B2 $ 2,668.57 $ 0.00
Class B3 $ 2,668.57 $ 0.00
Class B4 $ 1,186.03 $ 0.00
Class B5 $ 1,482.54 $ 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:
$ 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: $ 146,448.02
-----------
3. Supplemental Servicing Fee amount: $ 249,610.06
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.865292 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: % 4.134708
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.02
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
May, 1999
Series 1999-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.187135
-------------------------
Weighted average maturity 351.60
-------------------------
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 $ 2.60752184 $ 1.63608578 $ 0.00000000 %0.00000000
A1 $ 0.84134931 $ 0.75305744 $ 5.40326451 %6.50000005
A2 $ 9.07426830 $ 8.12200716 $ 5.19455328 %6.49999999
A3 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A4 $ 0.00000000 $ 0.00000000 $ 5.41666697 %6.50000036
A5 $ 0.00000000 $ 0.00000000 $ 5.41666678 %6.50000013
A6 $ 0.00000000 $ 0.00000000 $ 5.41666571 %6.49999886
A7 $ 0.00000000 $ 0.00000000 $ 6.66666667 %8.00000000
A8 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A9 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A10 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A11 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A12 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A13 $ 0.00000000 $ 0.00000000 $ 6.66666667 %8.00000000
A14 $ 0.00000000 $ 0.00000000 $ 5.41667000 %6.50000400
A15 $ 0.00000000 $ 0.00000000 $ 5.41667000 %6.50000400
M $ 0.84134947 $ 0.00000000 $ 5.40326460 %6.50000015
B1 $ 0.84134949 $ 0.00000000 $ 5.40326475 %6.50000034
B2 $ 0.84134856 $ 0.00000000 $ 5.40326448 %6.50000000
B3 $ 0.84134856 $ 0.00000000 $ 5.40326448 %6.50000000
B4 $ 0.84134817 $ 0.00000000 $ 5.40326231 %6.49999740
B5 $ 0.84134786 $ 0.00000000 $ 5.40326539 %6.50000110
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:
$ 146,448.02
-----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 675,903,336.92
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,056
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RZY4
PO $ 981,742.29 $ 979,166.27 $ 991.14 GEC9901PO
A1 $ 67,398,614.28 $ 67,341,767.85 $ 996.68 36157RZH1
A2 $ 547,856,271.48 $ 542,672,305.32 $ 949.92 36157RZJ7
A3 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 36157RZK4
A4 $ 8,341,146.00 $ 8,341,146.00 $ 1,000.00 36157RZL2
A5 $ 7,568,854.00 $ 7,568,854.00 $ 1,000.00 36157RZM0
A6 $ 3,500,000.00 $ 3,500,000.00 $ 1,000.00 36157RZN8
A7 $ 2,100,000.00 $ 2,100,000.00 $ 1,000.00 36157RZP3
A8 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 36157RZQ1
A9 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 36157RZR9
A10 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 36157RZS7
A11 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 36157RZT5
A12 $ 3,000,000.00 $ 3,000,000.00 $ 1,000.00 36157RZU2
A13 $ 3,300,000.00 $ 3,300,000.00 $ 1,000.00 36157RZV0
A14 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RZW8
A15 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RZX6
SUP $ 640,526,548.00 $ 635,582,277.91 $ 957.10 GEC991SUP
M $ 13,007,264.94 $ 12,996,294.14 $ 996.68 36157RZZ1
B1 $ 5,624,763.40 $ 5,620,019.27 $ 996.68 36157RA21
B2 $ 3,163,929.23 $ 3,161,260.66 $ 996.68 36157RA39
B3 $ 3,163,929.23 $ 3,161,260.66 $ 996.68 36157RA47
B4 $ 1,406,190.10 $ 1,405,004.07 $ 996.68 36157RA54
B5 $ 1,757,741.24 $ 1,756,258.70 $ 996.68 36157RA62
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 9 Principal Balance $ 3,594,288.32
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 335,713.46
-------- -------------
3. 90 days or more
Number 1 Principal Balance $ 280,364.37
-------- -------------
4. In Foreclosure
Number 1 Principal Balance $ 466,299.63
-------- -------------
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
-----------
G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
----- ------- ------ -------
A7_INT $ 42,000.00 $ 0.00 $ 0.00 $ 31,500.00
A13_INT $ 49,500.00 $ 0.00 $ 0.00 $ 33,000.00
A6 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A12 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A14 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A15 $ 999.99 $ 0.00 $ 0.00 $ 999.99
Exhibit 99.03
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
May, 1999
Series 1999-02, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 1, 1999
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 236,988.48
--------------
(b) Interest $ 1,701,765.10
--------------
(c) Total $ 1,938,753.58
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 224,109.31
--------------
(b) Interest $ 1,614,135.18
--------------
(c) Total $ 1,838,244.49
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 12,879.17
--------------
(b) Interest $ 87,629.92
--------------
(c) Total $ 100,509.09
--------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 53,982.48
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,842,426.74
--------------
(b) Interest $ 17,586.59
--------------
(c) Total $ 2,860,013.33
--------------
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: $284,725,966.93
---------------
13. Available Funds: $ 4,689,062.89
---------------
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: $ 3,986.65
--------------
18. Total interest payments: $ 1,555,665.20
--------------
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 $ 1,241,029.87 $ 0.00 $ 1,241,029.87 %6.500000011
A2 $ 88,421.67 $ 0.00 $ 88,421.67 %6.500000245
A3 $ 148,010.42 $ 0.00 $ 148,010.42 %6.500000146
A4 $ 10,833.33 $ 0.00 $ 10,833.33 %6.499998000
M $ 33,285.39 $ 0.00 $ 33,285.39 %6.500000441
B1 $ 11,891.89 $ 0.00 $ 11,891.89 %6.500001351
B2 $ 7,132.97 $ 0.00 $ 7,132.97 %6.500000592
B3 $ 7,922.52 $ 0.00 $ 7,922.52 %6.500002342
B4 $ 3,174.41 $ 0.00 $ 3,174.41 %6.499990385
B5 $ 3,962.73 $ 0.00 $ 3,962.73 %6.499993630
20. Principal Distribution Amount: $ 3,133,397.69
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 905.40 $ 0.00
Class A1 $ 3,122,256.07 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 5,057.40 $ 0.00
Class B1 $ 1,806.86 $ 0.00
Class B2 $ 1,083.79 $ 0.00
Class B3 $ 1,203.75 $ 0.00
Class B4 $ 482.32 $ 0.00
Class B5 $ 602.10 $ 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: $ 59,972.38
-----------
3. Supplemental Servicing Fee amount: $ 104,876.62
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.669382 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: % 4.330618
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.04
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
May, 1999
Series 1999-02, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 1, 1999
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.171519
-------------------------
Weighted average maturity 354.11
-------------------------
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 $ 1.36953769 $ 0.43212892 $0.00000000 %0.00000000
A1 $ 13.32282531 $ 12.35790631 $5.29553752 %6.50000001
A2 $ 0.00000000 $ 0.00000000 $5.41666687 %6.50000025
A3 $ 0.00000000 $ 0.00000000 $5.41666679 %6.50000015
A4 $ 0.00000000 $ 0.00000000 $5.41666500 %6.49999800
M $ 0.82167344 $ 0.00000000 $5.40786190 %6.50000044
B1 $ 0.82167349 $ 0.00000000 $5.40786266 %6.50000135
B2 $ 0.82167551 $ 0.00000000 $5.40786202 %6.50000059
B3 $ 0.82167235 $ 0.00000000 $5.40786348 %6.50000234
B4 $ 0.82166951 $ 0.00000000 $5.40785349 %6.49999038
B5 $ 0.82167350 $ 0.00000000 $5.40785622 %6.49999363
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:
$ 59,972.38
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 284,725,966.93
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 834
-------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RB38
PO $ 659,636.29 $ 658,730.89 $ 996.42 GEC9902PO
A1 $ 229,113,206.39 $ 225,990,950.32 $ 964.31 36157RA70
A2 $ 16,324,000.00 $ 16,324,000.00 $ 1,000.00 36157RA88
A3 $ 27,325,000.00 $ 27,325,000.00 $ 1,000.00 36157RA96
A4 $ 2,000,000.00 $ 2,000,000.00 $ 1,000.00 36157RB20
SUP $ 265,789,760.36 $ 262,685,313.06 $ 969.30 GEC992SUP
M $ 6,144,994.66 $ 6,139,937.25 $ 997.55 36157RB46
B1 $ 2,195,425.39 $ 2,193,618.52 $ 997.55 36157RB53
B2 $ 1,316,855.88 $ 1,315,772.09 $ 997.55 36157RB61
B3 $ 1,462,618.55 $ 1,461,414.80 $ 997.55 36157RC78
B4 $ 586,045.79 $ 585,563.47 $ 997.55 36157RC86
B5 $ 731,581.64 $ 730,979.54 $ 997.55 36157RC94
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 3 Principal Balance $ 1,640,403.47
-------- -------------
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 99.05
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
May, 1999
Series 1999-04, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 1, 1999
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 731,405.69
--------------
(b) Interest $ 1,220,186.83
--------------
(c) Total $ 1,951,592.52
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 558,362.15
--------------
(b) Interest $ 932,327.79
--------------
(c) Total $ 1,490,689.94
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 173,043.54
--------------
(b) Interest $ 287,859.04
--------------
(c) Total $ 460,902.58
--------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 85,383.59
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,238,348.87
--------------
(b) Interest $ 9,113.60
--------------
(c) Total $ 1,247,462.47
--------------
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 $ 259,973.07
---------------
(b) Interest $ 1,362.36
---------------
(c) Total $ 261,335.43
---------------
12. Pool Scheduled Principal Balance: $ 212,633,995.15
---------------
13. Available Funds: $ 3,432,603.61
---------------
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: $ 2,938.65
--------------
18. Total interest payments: $ 1,117,492.38
--------------
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 $ 547,073.59 $ 0.00 $ 547,073.59 %6.250000021
A2 $ 161,770.63 $ 0.00 $ 161,770.63 %6.250000193
A3 $ 271,481.06 $ 0.00 $ 271,481.06 %6.249999891
A4 $ 113,821.90 $ 0.00 $ 113,821.90 %6.250000092
M $ 8,753.94 $ 0.00 $ 8,753.94 %6.250000892
B1 $ 2,917.98 $ 0.00 $ 2,917.98 %6.250000892
B2 $ 2,917.98 $ 0.00 $ 2,917.98 %6.250000892
B3 $ 5,252.36 $ 0.00 $ 5,252.36 %6.249996157
B4 $ 1,750.79 $ 0.00 $ 1,750.79 %6.250007995
B5 $ 1,752.15 $ 0.00 $ 1,752.15 %6.250007060
20. Principal Distribution Amount: $ 2,315,111.23
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,580.34 $ 0.00
Class A1 $ 1,149,140.07 $ 0.00
Class A2 $ 344,520.00 $ 0.00
Class A3 $ 730,263.48 $ 0.00
Class A4 $ 74,356.59 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 5,718.70 $ 0.00
Class B1 $ 1,906.23 $ 0.00
Class B2 $ 1,906.23 $ 0.00
Class B3 $ 3,431.22 $ 0.00
Class B4 $ 1,143.74 $ 0.00
Class B5 $ 1,144.63 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.01
---------------
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: $ 45,162.72
----------
3. Supplemental Servicing Fee amount: $ 66,541.23
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 97.910930 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: % 2.089070
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.06
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
May, 1999
Series 1999-04, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 1, 1999
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 6.864077
------------------------
Weighted average maturity 173.02
------------------------
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 $ 4.01571892 $ 0.50927673 $ 0.00000000 %0.00000000
A1 $ 10.41368812 $ 7.17498627 $ 4.95766695 %6.25000002
A2 $ 10.85136540 $ 7.47654414 $ 5.09529843 %6.25000019
A3 $ 12.90218163 $ 8.88954753 $ 4.79648516 %6.24999989
A4 $ 3.37984500 $ 2.32869864 $ 5.17372273 %6.25000009
M $ 3.37984634 $ 0.00000000 $ 5.17372340 %6.25000089
B1 $ 3.37984043 $ 0.00000000 $ 5.17372340 %6.25000089
B2 $ 3.37984043 $ 0.00000000 $ 5.17372340 %6.25000089
B3 $ 3.37984634 $ 0.00000000 $ 5.17371946 %6.24999616
B4 $ 3.37984634 $ 0.00000000 $ 5.17372931 %6.25000799
B5 $ 3.37985038 $ 0.00000000 $ 5.17372850 %6.25000706
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:
$ 45,162.72
--------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 212,633,995.15
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 667
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RC37
PO $ 390,570.89 $ 388,990.55 $ 988.44 GEC9904PO
A1 $ 105,038,128.92 $ 103,888,988.85 $ 941.46 36157RB79
A2 $ 31,059,960.00 $ 30,715,440.00 $ 967.45 36157RB87
A3 $ 52,124,364.43 $ 51,394,100.95 $ 908.02 36157RB95
A4 $ 21,853,804.48 $ 21,779,447.89 $ 989.97 36157RC29
SUP $ 199,511,111.70 $ 197,255,715.80 $ 939.09 GEC994SUP
M $ 1,680,756.24 $ 1,675,037.54 $ 989.97 36157RC45
B1 $ 560,252.08 $ 558,345.85 $ 989.97 36157RC52
B2 $ 560,252.08 $ 558,345.85 $ 989.97 36157RC60
B3 $ 1,008,453.74 $ 1,005,022.52 $ 989.97 36158GEX2
B4 $ 336,151.25 $ 335,007.51 $ 989.97 36158GEY0
B5 $ 336,412.42 $ 335,267.79 $ 989.97 36158GEZ7
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 2 Principal Balance $ 575,899.16
-------- -----------
2. 60-89 days
Number 1 Principal Balance $ 226,581.49
-------- -----------
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 99.07
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
May, 1999
Series 1999-03, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 408,992.18
--------------
(b) Interest $ 2,927,009.20
--------------
(c) Total $ 3,336,001.38
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 367,643.18
--------------
(b) Interest $ 2,636,282.56
--------------
(c) Total $ 3,003,925.74
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 41,349.00
--------------
(b) Interest $ 290,726.64
--------------
(c) Total $ 332,075.64
--------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 169,999.83
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,573,489.70
--------------
(b) Interest $ 25,631.19
--------------
(c) Total $ 2,599,120.89
--------------
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 $ 1,759,688.08
---------------
(b) Interest $ 6,323.46
---------------
(c) Total $ 1,766,011.54
---------------
12. Pool Scheduled Principal Balance: $ 489,713,755.32
---------------
13. Available Funds: $ 7,763,760.28
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
--------------
17. Compensating Interest Payment: $ 1,532.28
--------------
18. Total interest payments: $ 2,851,590.49
--------------
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 $ 714,374.74 $ 0.00 $ 714,374.74 %6.499999974
A2 $ 29,553.33 $ 0.00 $ 29,553.33 %6.499999267
A3 $ 99,344.24 $ 0.00 $ 99,344.24 %5.662500262
A4 $ 58,553.89 $ 0.00 $ 58,553.89 %8.289919309
A5 $ 270,833.33 $ 0.00 $ 270,833.33 %6.499999920
A6 $ 16,250.00 $ 0.00 $ 16,250.00 %6.500000000
A7 $ 16,250.00 $ 0.00 $ 16,250.00 %6.500000000
A8 $ 10,833.33 $ 0.00 $ 10,833.33 %6.499998000
A9 $ 10,833.33 $ 0.00 $ 10,833.33 %6.499998000
A10 $ 13,843.13 $ 0.00 $ 13,843.13 %6.750002438
A11 $ 11,070.00 $ 0.00 $ 11,070.00 %6.750000000
A12 $ 11,070.00 $ 0.00 $ 11,070.00 %6.750000000
A13 $ 11,070.00 $ 0.00 $ 11,070.00 %6.750000000
A14 $ 8,313.75 $ 0.00 $ 8,313.75 %6.750000000
A15 $ 679,025.66 $ 0.00 $ 679,025.66 %6.500000042
A16 $ 408,024.53 $ 0.00 $ 408,024.53 %6.499999936
A17 $ 62,470.47 $ 0.00 $ 62,470.47 %6.500000178
A18 $ 135,416.67 $ 0.00 $ 135,416.67 %6.500000160
S $ 176,193.01 $ 0.00 $ 176,193.01 %0.451288768
M $ 50,071.13 $ 0.00 $ 50,071.13 %6.499999629
B1 $ 20,299.06 $ 0.00 $ 20,299.06 %6.499998715
B2 $ 12,179.11 $ 0.00 $ 12,179.11 %6.499998025
B3 $ 13,532.71 $ 0.00 $ 13,532.71 %6.500000316
B4 $ 5,413.30 $ 0.00 $ 5,413.30 %6.499999750
B5 $ 6,771.77 $ 0.00 $ 6,771.77 %6.500002252
20. Principal Distribution Amount: $ 4,912,169.79
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 767.10 $ 0.00
Class A1 $ 1,903,721.15 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class A13 $ 0.00 $ 0.00
Class A14 $ 0.00 $ 0.00
Class A15 $ 1,477,145.54 $ 0.00
Class A16 $ 986,667.41 $ 0.00
Class A17 $ 527,344.96 $ 0.00
Class A18 $ 0.00 $ 0.00
Class S $ 0.00 $ 0.00
Class M $ 7,641.81 $ 0.00
Class B1 $ 3,098.03 $ 0.00
Class B2 $ 1,858.77 $ 0.00
Class B3 $ 2,065.35 $ 0.00
Class B4 $ 826.17 $ 0.00
Class B5 $ 1,033.50 $ 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
-------------
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 % 5.66250026
Class A4 % 8.28991931
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 101,909.90
-----------
3. Supplemental Servicing Fee amount: $ N/A
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.953234 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: % 4.046766
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.08
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
May, 1999
Series 1999-03, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.167719
---------------------
Weighted average maturity 353.60
---------------------
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 $ 1.08465299 $ 0.12973134 $ 0.00000000 %0.00000000
A1 $ 14.20687425 $ 13.06973545 $ 5.33115478 %6.49999997
A2 $ 0.00000000 $ 0.00000000 $ 5.41666606 %6.49999927
A3 $ 0.00000000 $ 0.00000000 $ 4.71875022 %5.66250026
A4 $ 0.00000000 $ 0.00000000 $ 6.90826609 %8.28991931
A5 $ 0.00000000 $ 0.00000000 $ 5.41666660 %6.49999992
A6 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A7 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A8 $ 0.00000000 $ 0.00000000 $ 5.41666500 %6.49999800
A9 $ 0.00000000 $ 0.00000000 $ 5.41666500 %6.49999800
A10 $ 0.00000000 $ 0.00000000 $ 5.62500203 %6.75000244
A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A12 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A13 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A14 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A15 $ 11.63106724 $ 10.70009976 $ 5.34665874 %6.50000004
A16 $ 12.91043926 $ 11.87706911 $ 5.33895805 %6.49999994
A17 $ 43.51390049 $ 40.03098523 $ 5.15475452 %6.50000018
A18 $ 0.00000000 $ 0.00000000 $ 5.41666680 %6.50000016
S $ 0.00000000 $ 0.00000000 $ 0.37177192 %0.45128877
M $ 0.82600767 $ 0.00000000 $ 5.41221748 %6.49999963
B1 $ 0.82600917 $ 0.00000000 $ 5.41221671 %6.49999872
B2 $ 0.82600987 $ 0.00000000 $ 5.41221615 %6.49999803
B3 $ 0.82600784 $ 0.00000000 $ 5.41221805 %6.50000032
B4 $ 0.82600480 $ 0.00000000 $ 5.41221756 %6.49999975
B5 $ 0.82600694 $ 0.00000000 $ 5.41221966 %6.50000225
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 101,909.90
-----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 489,713,755.32
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,420
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RG66
PO $ 706,384.07 $ 705,616.97 $ 997.72 GEC9903PO
A1 $ 131,884,567.92 $ 129,980,846.77 $ 970.01 36157RE43
A2 $ 5,456,000.00 $ 5,456,000.00 $ 1,000.00 36157RE50
A3 $ 21,053,083.00 $ 21,053,083.00 $ 1,000.00 36157RE68
A4 $ 8,475,917.00 $ 8,475,917.00 $ 1,000.00 36157RE76
A5 $ 50,000,000.00 $ 50,000,000.00 $ 1,000.00 36157RE84
A6 $ 3,000,000.00 $ 3,000,000.00 $ 1,000.00 36157RE92
A7 $ 3,000,000.00 $ 3,000,000.00 $ 1,000.00 36157RF26
A8 $ 2,000,000.00 $ 2,000,000.00 $ 1,000.00 36157RF34
A9 $ 2,000,000.00 $ 2,000,000.00 $ 1,000.00 36157RF42
A10 $ 2,461,000.00 $ 2,461,000.00 $ 1,000.00 36157RF59
A11 $ 1,968,000.00 $ 1,968,000.00 $ 1,000.00 36157RF67
A12 $ 1,968,000.00 $ 1,968,000.00 $ 1,000.00 36157RF75
A13 $ 1,968,000.00 $ 1,968,000.00 $ 1,000.00 36157RF83
A14 $ 1,478,000.00 $ 1,478,000.00 $ 1,000.00 36157RF91
A15 $ 125,358,582.57 $ 123,881,437.03 $ 975.44 36157RG25
A16 $ 75,327,606.28 $ 74,340,938.87 $ 972.74 36157RG33
A17 $ 11,533,009.53 $ 11,005,664.56 $ 908.13 36157RG41
A18 $ 25,000,000.00 $ 25,000,000.00 $ 1,000.00 36157RG58
S $ 468,506,258.00 $ 463,623,624.39 $ 978.26 GEC99003S
M $ 9,243,901.45 $ 9,236,259.63 $ 998.35 36157RG74
B1 $ 3,747,519.51 $ 3,744,421.49 $ 998.35 36157RG82
B2 $ 2,248,451.76 $ 2,246,592.99 $ 998.35 36157RG90
B3 $ 2,498,346.34 $ 2,496,280.99 $ 998.35 36157RM85
B4 $ 999,378.50 $ 998,552.33 $ 998.35 36157RM93
B5 $ 1,250,172.49 $ 1,249,138.99 $ 998.35 36157RN27
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 8 Principal Balance $ 2,568,887.58
-------- -------------
2. 60-89 days
Number 3 Principal Balance $ 814,074.58
-------- -------------
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 % 5.66250026
A4 % 8.28991931
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 99.09
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
May, 1999
Series 1999-05, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 640,336.57
--------------
(b) Interest $ 4,649,757.11
--------------
(c) Total $ 5,290,093.68
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 485,204.79
--------------
(b) Interest $ 3,530,773.24
--------------
(c) Total $ 4,015,978.03
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 155,131.78
--------------
(b) Interest $ 1,118,983.87
--------------
(c) Total $ 1,274,115.65
--------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 133,810.68
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 6,992,027.19
--------------
(b) Interest $ 44,646.83
--------------
(c) Total $ 7,036,674.02
--------------
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 $ 317,464.14
---------------
(b) Interest $ 281.68
---------------
(c) Total $ 317,745.82
---------------
12. Pool Scheduled Principal Balance: $ 773,675,395.75
---------------
13. Available Funds: $ 12,621,020.58
---------------
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: $ 3,777.79
--------------
18. Total interest payments: $ 4,537,382.00
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 2,196,597.30 $ 0.00 $ 2,196,597.30 %6.500000014
A2 $ 346,445.94 $ 0.00 $ 346,445.94 %6.499999967
A3 $ 13,595.83 $ 0.00 $ 13,595.83 %6.499998406
A4 $ 17,988.75 $ 0.00 $ 17,988.75 %6.500000000
A5 $ 17,994.17 $ 0.00 $ 17,994.17 %6.500001204
A6 $ 12,545.00 $ 0.00 $ 12,545.00 %6.500000000
A7 $ 18,990.83 $ 0.00 $ 18,990.83 %6.499998859
A8 $ 99,727.41 $ 0.00 $ 99,727.41 %6.499999931
A9 $ 17,364.58 $ 0.00 $ 17,364.58 %6.249998800
A10 $ 27,083.33 $ 0.00 $ 27,083.33 %6.499999200
A11 $ 9,724.17 $ 0.00 $ 9,724.17 %7.000002400
A12 $ 21,379.58 $ 0.00 $ 21,379.58 %6.499998987
A13 $ 24,375.00 $ 0.00 $ 24,375.00 %6.500000000
A14 $ 7,583.33 $ 0.00 $ 7,583.33 %6.499997143
A15 $ 5,579.17 $ 0.00 $ 5,579.17 %6.500003883
A16 $ 26,406.46 $ 0.00 $ 26,406.46 %6.750001118
A17 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A18 $ 24,721.88 $ 0.00 $ 24,721.88 %6.750001365
A19 $ 6,666.67 $ 0.00 $ 6,666.67 %8.000004000
A20 $ 22,110.00 $ 0.00 $ 22,110.00 %9.000000000
A21 $ 5,416.67 $ 0.00 $ 5,416.67 %6.500004000
A22 $ 5,833.33 $ 0.00 $ 5,833.33 %6.999996000
A23 $ 27,083.33 $ 0.00 $ 27,083.33 %6.750000312
A24 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A25 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A26 $ 53,175.41 $ 0.00 $ 53,175.41 %6.999999671
A27 $ 532,740.89 $ 0.00 $ 532,740.89 %6.499999972
A28 $ 88,188.75 $ 0.00 $ 88,188.75 %6.500000000
A29 $ 427,190.83 $ 0.00 $ 427,190.83 %6.499999949
S $ 299,465.61 $ 0.00 $ 299,465.61 %0.479754952
M $ 85,367.48 $ 0.00 $ 85,367.48 %6.500000117
B1 $ 32,013.48 $ 0.00 $ 32,013.48 %6.499999805
B2 $ 19,208.09 $ 0.00 $ 19,208.09 %6.500000482
B3 $ 23,476.19 $ 0.00 $ 23,476.19 %6.499999484
B4 $ 8,537.29 $ 0.00 $ 8,537.29 %6.500000688
B5 $ 12,805.25 $ 0.00 $ 12,805.25 %6.500000286
20. Principal Distribution Amount: $ 8,083,638.58
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 772.92 $ 0.00
Class A1 $ 5,173,502.26 $ 0.00
Class A2 $ 991,870.95 $ 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 $ 416,082.66 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class A13 $ 0.00 $ 0.00
Class A14 $ 0.00 $ 0.00
Class A15 $ 0.00 $ 0.00
Class A16 $ 0.00 $ 0.00
Class A17 $ 0.00 $ 0.00
Class A18 $ 0.00 $ 0.00
Class A19 $ 0.00 $ 0.00
Class A20 $ 0.00 $ 0.00
Class A21 $ 0.00 $ 0.00
Class A22 $ 0.00 $ 0.00
Class A23 $ 0.00 $ 0.00
Class A24 $ 0.00 $ 0.00
Class A25 $ 0.00 $ 0.00
Class A26 $ 0.00 $ 0.00
Class A27 $ 1,473,981.15 $ 0.00
Class A28 $ 0.00 $ 0.00
Class A29 $ 0.00 $ 0.00
Class S $ 0.00 $ 0.00
Class M $ 12,907.46 $ 0.00
Class B1 $ 4,840.40 $ 0.00
Class B2 $ 2,904.24 $ 0.00
Class B3 $ 3,549.57 $ 0.00
Class B4 $ 1,290.83 $ 0.00
Class B5 $ 1,936.14 $ 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: $ 161,686.47
-----------
3. Supplemental Servicing Fee amount: $ N/A
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.711932 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: % 4.288068
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.10
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
May, 1999
Series 1999-05, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.209534
-------------------------
Weighted average maturity 353.82
-------------------------
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
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 1.04546934 $ 0.11727241 $ 0.00000000 %0.00000000
A1 $ 12.62023740 $ 11.66108604 $ 5.35837775 %6.50000001
A2 $ 15.30546949 $ 14.14223764 $ 5.34597546 %6.49999997
A3 $ 0.00000000 $ 0.00000000 $ 5.41666534 %6.49999841
A4 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A5 $ 0.00000000 $ 0.00000000 $ 5.41666767 %6.50000120
A6 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A7 $ 0.00000000 $ 0.00000000 $ 5.41666572 %6.49999886
A8 $ 22.17215496 $ 20.48704785 $ 5.31426036 %6.49999993
A9 $ 0.00000000 $ 0.00000000 $ 5.20833233 %6.24999880
A10 $ 0.00000000 $ 0.00000000 $ 5.41666600 %6.49999920
A11 $ 0.00000000 $ 0.00000000 $ 5.83333533 %7.00000240
A12 $ 0.00000000 $ 0.00000000 $ 5.41666582 %6.49999899
A13 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A14 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A15 $ 0.00000000 $ 0.00000000 $ 5.41666990 %6.50000388
A16 $ 0.00000000 $ 0.00000000 $ 5.62500093 %6.75000112
A17 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A18 $ 0.00000000 $ 0.00000000 $ 5.62500114 %6.75000137
A19 $ 0.00000000 $ 0.00000000 $ 6.66667000 %8.00000400
A20 $ 0.00000000 $ 0.00000000 $ 7.50000000 %9.00000000
A21 $ 0.00000000 $ 0.00000000 $ 5.41667000 %6.50000400
A22 $ 0.00000000 $ 0.00000000 $ 5.83333000 %6.99999600
A23 $ 0.00000000 $ 0.00000000 $ 5.62500026 %6.75000031
A24 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A25 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A26 $ 0.00000000 $ 0.00000000 $ 5.83333306 %6.99999967
A27 $ 14.79767039 $ 13.67303185 $ 5.34832083 %6.49999997
A28 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A29 $ 0.00000000 $ 0.00000000 $ 5.41666662 %6.49999995
S $ 0.00000000 $ 0.00000000 $ 0.39616593 %0.47975495
M $ 0.81832625 $ 0.00000000 $ 5.41225385 %6.50000012
B1 $ 0.81832629 $ 0.00000000 $ 5.41225359 %6.49999981
B2 $ 0.81832629 $ 0.00000000 $ 5.41225416 %6.50000048
B3 $ 0.81832580 $ 0.00000000 $ 5.41225332 %6.49999948
B4 $ 0.81832763 $ 0.00000000 $ 5.41225434 %6.50000069
B5 $ 0.81832697 $ 0.00000000 $ 5.41225399 %6.50000029
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:
$ 161,686.47
-----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 773,675,395.75
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,493
-----------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RL78
PO $ 738,483.14 $ 737,710.21 $ 997.84 GEC9905PO
A1 $ 405,525,654.51 $ 400,352,152.26 $ 976.62 36157RH24
A2 $ 63,959,250.79 $ 62,967,379.85 $ 971.64 36157RH32
A3 $ 2,510,000.00 $ 2,510,000.00 $ 1,000.00 36157RH40
A4 $ 3,321,000.00 $ 3,321,000.00 $ 1,000.00 36157RH57
A5 $ 3,322,000.00 $ 3,322,000.00 $ 1,000.00 36157RH65
A6 $ 2,316,000.00 $ 2,316,000.00 $ 1,000.00 36157RH73
A7 $ 3,506,600.00 $ 3,506,600.00 $ 1,000.00 36157RH81
A8 $ 18,411,214.35 $ 17,995,131.69 $ 958.92 36157RH99
A9 $ 3,334,000.00 $ 3,334,000.00 $ 1,000.00 36157RJ22
A10 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36157RJ30
A11 $ 1,667,000.00 $ 1,667,000.00 $ 1,000.00 36157RJ48
A12 $ 3,947,000.00 $ 3,947,000.00 $ 1,000.00 36157RJ55
A13 $ 4,500,000.00 $ 4,500,000.00 $ 1,000.00 36157RJ63
A14 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 36157RJ71
A15 $ 1,030,000.00 $ 1,030,000.00 $ 1,000.00 36157RJ89
A16 $ 4,694,481.00 $ 4,694,481.00 $ 1,000.00 36157RJ97
A17 $ 426,519.00 $ 426,519.00 $ 1,000.00 36157RK20
A18 $ 4,395,000.00 $ 4,395,000.00 $ 1,000.00 36157RK38
A19 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RK46
A20 $ 2,948,000.00 $ 2,948,000.00 $ 1,000.00 36157RK53
A21 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RK61
A22 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RK79
A23 $ 4,814,814.00 $ 4,814,814.00 $ 1,000.00 36157RK87
A24 $ 185,186.00 $ 185,186.00 $ 1,000.00 36157RK95
A25 $ 701,215.00 $ 701,215.00 $ 1,000.00 36157RL29
A26 $ 9,115,785.00 $ 9,115,785.00 $ 1,000.00 36157RL37
A27 $ 98,352,164.73 $ 96,878,183.58 $ 972.58 36157RL45
A28 $ 16,281,000.00 $ 16,281,000.00 $ 1,000.00 36157RL52
A29 $ 78,866,000.00 $ 78,866,000.00 $ 1,000.00 36157RL60
S $ 749,046,425.96 $ 740,995,522.98 $ 980.27 GEC99005S
M $ 15,760,149.87 $ 15,747,242.41 $ 998.37 36157RL86
B1 $ 5,910,181.10 $ 5,905,340.70 $ 998.37 36157RL94
B2 $ 3,546,108.66 $ 3,543,204.42 $ 998.37 36157RM28
B3 $ 4,334,066.19 $ 4,330,516.62 $ 998.37 36157RM51
B4 $ 1,576,114.91 $ 1,574,824.08 $ 998.37 36157RM69
B5 $ 2,364,046.05 $ 2,362,109.91 $ 998.37 36157RM77
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 18 Principal Balance $ 6,436,148.03
-------- -------------
2. 60-89 days
Number 3 Principal Balance $ 661,288.35
-------- -------------
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
-----------
G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
- ----- ------- ------ --------------- -------
A19-INT $ 20,000.00 $ 0.00 $ 0.00 $ 17,500.00
A20-INT $ 73,701.00 $ 0.00 $ 0.00 $ 61,424.18
A12 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A13 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A18 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A21 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A22 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A23 $ 999.99 $ 0.00 $ 0.00 $ 999.99
Exhibit 99.11
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
MAY 1999
REMIC Home Equity Loan Pass-Through Certificates,
Series 1999-HE1
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1999
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
(1) Aggregate Monthly Payments Due: $4,409,815.13
-----------
(2) Aggregate Monthly Payments received and Monthly Advances made
this Month:
(a) Principal $513,293.39
-----------
(b) Interest $3,631,819.81
-----------
(c) Total $4,145,113.20
-----------
(3) Aggregate Principal Prepayments in part received on Self-
Amortizing Mortgage Loans and applied in the applicable
Prepayment Period:
(a) Principal $92,959.10
--------
(c) Total $92,959.10
--------
(4) Aggregate Principal Prepayments in full received in the
applicable Prepayment period:
(a) Principal $7,392,581.03
-----------
(b) Interest $75,704.14
-----------
(c) Total $7,468,285.17
-----------
(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 $495,759,673.60
-------------
(11) Available Funds: $11,677,239.34
-------------
(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: $4,032.53
-------------
(15) Net Simple Interest Shortfall: $0.00
-------------
(16) Net Simple Interest Excess: $2,412.87
-------
(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 6.705%
--
Class B1 7.200%
--
Class B2 8.525%
--
Class B3 8.904%
--
Class B4 8.904%
--
Class B5 8.904%
--
Class S 2.58%
--
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 $793,560.72 5.995%
-------------------------
Class A2 $231,279.17 5.905%
-------------------------
Class A3 $422,424.85 6.035%
-------------------------
Class A4 $123,700.00 6.185%
-------------------------
Class A5 $225,212.50 6.285%
-------------------------
Class A6 $182,217.67 6.700%
-------------------------
Class A7 $229,716.67 6.265%
-------------------------
Class S $1,066,031.65 2.58%
-------------------------
Class M $99,428.88 6.705%
-------------------------
Class B1 $91,516.51 7.200%
-------------------------
Class B2 $81,272.12 8.525%
-------------------------
Class B3 $43,386.07 8.904%
-------------------------
Class B4 $26,406.66 8.904%
-------------------------
Class B5 $62,252.36 8.904%
-------------------------
Total $3,678,405.81
(21) Principal distributable:
Class A1 $7,934,346.53
-----------
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 $18,424.24
-----------
Class B1 $15,792.20
-----------
Class B2 $11,844.67
-----------
Class B3 $6,054.19
-----------
Class B4 $3,684.85
-----------
Class B5 $8,686.84
-----------
Class R1 $0.00
-----------
Class R2 $0.00
-----------
Total $7,998,833.52
(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 87.436622%
----
2) Senior Prepayment Percentage for such Distribution Date 100.00%
----
3) Junior Percentage for such Distribution Date 12.563378%
----
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/ Dave Hensley
- ------------------------------------------
Name: Dave Hensley
Title: Vice President Investor &
Operations Compliance
Exhibit 99.12
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
MAY 1999
REMIC Home Equity Loan Pass-Through Certificates,
Series 1999-HE1
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1999
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
The amounts below are for a Single Certificate of $1,000:
(1) Amount of distribution allocable to principal:
Class A1 $46.12992170
-------------
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 $1.03419789
-------------
Class B1 $1.03419789
-------------
Class B2 $1.03419789
-------------
Class B3 $1.03419789
-------------
Class B4 $1.03419789
-------------
Class B5 $1.03419789
-------------
Class R1 $0.00000000
-------------
Class R2 $0.00000000
-------------
(2) Aggregate Principal prepayments included in distribution:
Class A1 $7,485,540.13
-------------
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 $4.61372509 5.995%
----------------------------
Class A2 $4.92083333 5.905%
----------------------------
Class A3 $5.02916667 6.035%
----------------------------
Class A4 $5.15416667 6.185%
----------------------------
Class A5 $5.23750000 6.285%
----------------------------
Class A6 $5.58333333 6.700%
----------------------------
Class A7 $5.22083333 6.265%
----------------------------
Class S $2.15029925 2.58%
----------------------------
Class M $5.58118872 6.705%
----------------------------
Class B1 $5.99322278 7.200%
----------------------------
Class B2 $7.09614225 8.525%
----------------------------
Class B3 $7.41135497 8.904%
----------------------------
Class B4 $7.41135497 8.904%
----------------------------
Class B5 $7.41135497 8.904%
----------------------------
(4) Servicing Compensation: $251,577.83
---------------
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $495,759,673.60
---------------
number of Mortgage
Loans: 6,190
---------------
(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 $150,910,167.08 $877.38469231
----------------------------------
Class A2 $47,000,000.00 $1,000.00000000
----------------------------------
Class A3 $83,995,000.00 $1,000.00000000
----------------------------------
Class A4 $24,000,000.00 $1,000.00000000
----------------------------------
Class A5 $43,000,000.00 $1,000.00000000
----------------------------------
Class A6 $32,636,000.00 $1,000.00000000
----------------------------------
Class A7 $44,000,000.00 $1,000.00000000
----------------------------------
Class M $17,776,453.08 $997.83626603
----------------------------------
Class B1 $15,236,959.78 $997.83626603
----------------------------------
Class B2 $11,428,218.75 $997.83626603
----------------------------------
Class B3 $5,841,333.50 $997.83626603
----------------------------------
Class B4 $3,555,290.62 $997.83626603
----------------------------------
Class B5 $8,381,417.27 $997.83626603
----------------------------------
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 $2,107,428.40
-----------
30
-----------
Two Payments Delinquent $1,330,230.87
-----------
19
-----------
Three or more Payments Delinquent $429,923.18
-----------
4
-----------
TOTAL $3,867,582.45
-----------
53
-----------
In foreclosure $932,241.93
-----------
11
-----------
(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 6.705%
---
Class B1 7.200%
---
Class B2 8.525%
---
Class B3 8.904%
---
Class B4 8.904%
---
Class B5 8.904%
---
Class S 2.58%
---
(12) Senior Percentage for such 87.436622%
Distribution Date ---
(13) Senior Prepayment Percentage
for such Distribution Date 100.00%
----
(14) Junior Percentage for such
Distribution Date 12.563378%
----
(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: /s/ Dave Hensley
- ----------------------------------
Name: Dave Hensley
Title: Vice President Investor
& Operations Compliance
Exhibit 99.13
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
May, 1999
Series 1999-06, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 578,537.81
--------------
(b) Interest $ 4,143,907.80
--------------
(c) Total $ 4,722,445.61
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 493,610.88
--------------
(b) Interest $ 3,534,296.47
--------------
(c) Total $ 4,027,907.35
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 84,926.93
--------------
(b) Interest $ 609,611.33
--------------
(c) Total $ 694,538.26
--------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 124,656.09
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 7,422,549.46
--------------
(b) Interest $ 26,688.59
--------------
(c) Total $ 7,449,238.05
--------------
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 $ 986,479.37
---------------
(b) Interest $ 2,746.40
---------------
(c) Total $ 989,225.77
---------------
12. Pool Scheduled Principal Balance: $ 694,834,916.37
---------------
13. Available Funds: $ 13,172,022.80
---------------
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: $ 1,718.92
--------------
18. Total interest payments: $ 4,059,800.05
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.56 $ 0.00 $ 0.56 %6.720000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
1A1 $ 487,695.00 $ 0.00 $ 487,695.00 %6.100000000
1A2 $ 510,677.58 $ 0.00 $ 510,677.58 %6.349999959
1A3 $ 46,733.50 $ 0.00 $ 46,733.50 %6.600000000
1A4 $ 698,018.46 $ 0.00 $ 698,018.46 %6.350000015
1A5 $ 480,167.96 $ 0.00 $ 129,167.96 %9.233999231
1A6 $ 59,625.00 $ 0.00 $ 0.00 %6.750000000
1A7 $ 6,250.83 $ 0.00 $ 6,250.83 %6.999999067
1A8 $ 45,249.17 $ 0.00 $ 45,249.17 %7.000000516
1A9 $ 38,316.25 $ 0.00 $ 38,316.25 %7.000000000
1A10 $ 31,683.75 $ 0.00 $ 31,683.75 %7.000000000
1A11 $ 0.00 $ 0.00 $ 0.00 %0.000000000
1A12 $ 16,875.00 $ 0.00 $ 16,875.00 %6.750000000
2A1 $ 964,108.13 $ 0.00 $ 964,108.13 %6.750000035
2A2 $ 86,737.50 $ 0.00 $ 86,737.50 %6.750000000
2A3 $ 146,250.00 $ 0.00 $ 146,250.00 %6.500000000
2A4 $ 4,950.00 $ 0.00 $ 4,950.00 %0.220000000
2A5 $ 151,875.00 $ 0.00 $ 151,875.00 %6.750000000
2A6 $ 675.00 $ 0.00 $ 675.00 %0.030000000
S $ 125,521.11 $ 0.00 $ 125,521.11 %0.294091654
M $ 73,248.75 $ 0.00 $ 73,248.75 %6.750000000
B1 $ 29,700.00 $ 0.00 $ 29,700.00 %6.750000000
B2 $ 17,111.25 $ 0.00 $ 17,111.25 %6.750000000
B3 $ 19,794.38 $ 0.00 $ 19,794.38 %6.750001705
B4 $ 7,920.00 $ 0.00 $ 7,920.00 %6.750000000
B5 $ 10,615.87 $ 0.00 $ 10,615.87 %6.749997775
20. Principal Distribution Amount: $ 9,112,222.75
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 100.00 $ 0.00
Class PO $ 20,178.34 $ 0.00
Class 1A1 $ 0.00 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 1,293,998.73 $ 0.00
Class 1A5 $ 54,848.39 $ 351,000.00
Class 1A6 $ 5,888,043.45 $ 59,625.00
Class 1A7 $ 0.00 $ 0.00
Class 1A8 $ 0.00 $ 0.00
Class 1A9 $ 0.00 $ 0.00
Class 1A10 $ 0.00 $ 0.00
Class 1A11 $ 0.00 $ 0.00
Class 1A12 $ 47,909.00 $ 0.00
Class 2A1 $ 2,194,639.85 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 0.00 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 0.00 $ 0.00
Class 2A6 $ 0.00 $ 0.00
Class S $ 0.00 $ 0.00
Class M $ 10,696.64 $ 0.00
Class B1 $ 4,337.14 $ 0.00
Class B2 $ 2,499.34 $ 0.00
Class B3 $ 2,890.61 $ 0.00
Class B4 $ 1,156.57 $ 0.00
Class B5 $ 1,549.69 $ 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: $ 0.00
---------------
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 B-1 X
Class B-2 X
Class B-3 X
Class B-4 X
Class B-5 X
Class M X
2. Base Servicing Fee amount: $ 39,808.35
----------
3. Supplemental Servicing Fee amount: $ N/A
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % N/A N/A N/A N/A
------------ ---- ------ ------
6. Group I Senior Percentage:
%95.97260042 N/A N/A N/A
------------ ---- ------ ------
7. Group II Senior Percentage:
%95.97677257 N/A N/A N/A
------------ ---- ------ ------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
------------ ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
------------ ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
------------ ---- ------ ------
11. Junior Percentage: % N/A
------------
12. Junior Prepayment Percentage:
% N/A
------------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.14
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
May, 1999
Series 1999-06, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.153538
------------------------
Weighted average maturity 354.62
------------------------
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 $ 1000.00000000 $ 948.40000000 $ 5.60000000 %6.72000000
PO $ 4.46445902 $ 3.57728609 $ 0.00000000 %0.00000000
1A1 $ 0.00000000 $ 0.00000000 $ 5.08333333 %6.10000000
1A2 $ 0.00000000 $ 0.00000000 $ 5.29166663 %6.34999996
1A3 $ 0.00000000 $ 0.00000000 $ 5.50000000 %6.60000000
1A4 $ 9.80978349 $ 9.30369073 $ 5.29166668 %6.35000002
1A5 $ 0.00000000 $ 0.83363349 $ 7.69499936 %9.23399923
1A6 $ 549.85079717 $ 526.81845755 $ 5.62500000 %6.75000000
1A7 $ 0.00000000 $ 0.00000000 $ 5.83333256 %6.99999907
1A8 $ 0.00000000 $ 0.00000000 $ 5.83333376 %7.00000052
1A9 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
1A10 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
1A11 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
1A12 $ 15.96966667 $ 15.14578000 $ 5.62500000 %6.75000000
2A1 $ 12.80442394 $ 11.65650455 $ 5.62500003 %6.75000004
2A2 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A3 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
2A4 $ 0.00000000 $ 0.00000000 $ 0.18333333 %0.22000000
2A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A6 $ 0.00000000 $ 0.00000000 $ 0.02500000 %0.03000000
S $ 0.00000000 $ 0.00000000 $ 0.24507638 %0.29409165
M $ 0.82142835 $ 0.00000000 $ 5.62500000 %6.75000000
B1 $ 0.82142803 $ 0.00000000 $ 5.62500000 %6.75000000
B2 $ 0.82161078 $ 0.00000000 $ 5.62500000 %6.75000000
B3 $ 0.82142938 $ 0.00000000 $ 5.62500142 %6.75000171
B4 $ 0.82142756 $ 0.00000000 $ 5.62500000 %6.75000000
B5 $ 0.82112944 $ 0.00000000 $ 5.62499815 %6.74999777
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
1A5 $ 351,000.00
1A6 $ 59,625.00
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 39,808.35
-----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 694,834,916.37
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,092
---------------
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 36157RQ99
PO $ 4,519,772.70 $ 4,499,594.36 $ 995.54 36157RS55
1A1 $ 95,940,000.00 $ 95,940,000.00 $ 1,000.00 36157RP58
1A2 $ 96,506,000.00 $ 96,506,000.00 $ 1,000.00 36157RP66
1A3 $ 8,497,000.00 $ 8,497,000.00 $ 1,000.00 36157RP74
1A4 $ 131,909,000.00 $ 130,615,001.27 $ 990.19 36157RP82
1A5 $ 62,400,000.00 $ 62,696,151.61 $ 1,004.75 36157RP90
1A6 $ 10,600,000.00 $ 4,771,581.55 $ 450.15 36157RQ24
1A7 $ 1,071,571.00 $ 1,071,571.00 $ 1,000.00 36157RQ32
1A8 $ 7,757,000.00 $ 7,757,000.00 $ 1,000.00 36157RQ40
1A9 $ 6,568,500.00 $ 6,568,500.00 $ 1,000.00 36157RQ57
1A10 $ 5,431,500.00 $ 5,431,500.00 $ 1,000.00 36157RQ65
1A11 $ 771,429.00 $ 771,429.00 $ 1,000.00 36157RQ73
1A12 $ 3,000,000.00 $ 2,952,091.00 $ 984.03 36157RQ81
2A1 $ 171,397,000.00 $ 169,202,360.15 $ 987.20 36157RR80
2A2 $ 15,420,000.00 $ 15,420,000.00 $ 1,000.00 36157RR98
2A3 $ 27,000,000.00 $ 27,000,000.00 $ 1,000.00 36157RS22
2A4 $ 27,000,000.00 $ 27,000,000.00 $ 1,000.00 36157RS30
2A5 $ 27,000,000.00 $ 27,000,000.00 $ 1,000.00 36157RS48
2A6 $ 27,000,000.00 $ 27,000,000.00 $ 1,000.00 36157RS71
S $ 512,171,393.04 $ 503,769,590.87 $ 983.60 36157RS63
M $ 13,022,000.00 $ 13,011,303.36 $ 999.18 36157RR23
B1 $ 5,280,000.00 $ 5,275,662.86 $ 999.18 36157RR31
B2 $ 3,042,000.00 $ 3,039,500.66 $ 999.18 36157RR49
B3 $ 3,519,000.00 $ 3,516,109.39 $ 999.18 36157RW27
B4 $ 1,408,000.00 $ 1,406,843.43 $ 999.18 36157RW35
B5 $ 1,887,266.40 $ 1,885,716.71 $ 999.18 36157RW43
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 12 Principal Balance $ 3,812,256.30
-------- -------------
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: % 0.29409165
------------
G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
- ----- ------- ------ --------------- -------
1A8 $ 999.99 $ 0.00 $ 0.00 $ 999.99
2A3 $ 999.99 $ 0.00 $ 0.00 $ 999.99
*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 99.15
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
May, 1999
Series 1999-10, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 670,091.87
--------------
(b) Interest $ 1,095,120.46
--------------
(c) Total $ 1,765,212.33
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 504,771.68
--------------
(b) Interest $ 817,192.41
--------------
(c) Total $ 1,321,964.09
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 165,320.19
--------------
(b) Interest $ 277,928.05
--------------
(c) Total $ 443,248.24
--------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 79,781.15
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 171,073.24
--------------
(b) Interest $ 0.00
--------------
(c) Total $ 171,073.24
--------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
--------------
(b) Interest $ 0.00
--------------
(c) Total $ 0.00
--------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
--------------
(b) Interest $ 0.00
--------------
(c) Total $ 0.00
--------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
--------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 190,580,020.71
---------------
13. Available Funds: $ 1,977,050.13
---------------
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: $ 413.74
---------------
18. Total interest payments: $ 1,056,103.83
---------------
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 $ 494,791.67 $ 0.00 $ 494,791.67 % 6.250000042
A2 $ 382,374.58 $ 0.00 $ 382,374.58 % 6.249999946
A3 $ 95,593.65 $ 0.00 $ 95,593.65 % 6.250000272
S $ 60,898.59 $ 0.00 $ 60,898.59 % 0.421728885
M $ 8,979.17 $ 0.00 $ 8,979.17 % 6.250002320
B1 $ 3,489.58 $ 0.00 $ 3,489.58 % 6.249994030
B2 $ 2,989.58 $ 0.00 $ 2,989.58 % 6.249993031
B3 $ 3,494.79 $ 0.00 $ 3,494.79 % 6.249997019
B4 $ 1,994.79 $ 0.00 $ 1,994.79 % 6.249994778
B5 $ 1,496.91 $ 0.00 $ 1,496.91 % 6.250016527
20. Principal Distribution Amount: $ 920,946.30
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 100.00 $ 0.00
Class PO $ 1,576.45 $ 0.00
Class A1 $ 459,864.76 $ 0.00
Class A2 $ 380,098.25 $ 0.00
Class A3 $ 64,226.76 $ 0.00
Class S $ 0.00 $ 0.00
Class M $ 6,032.86 $ 0.00
Class B1 $ 2,344.56 $ 0.00
Class B2 $ 2,008.62 $ 0.00
Class B3 $ 2,348.06 $ 0.00
Class B4 $ 1,340.25 $ 0.00
Class B5 $ 1,005.73 $ 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
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: $ 12,207.26
----------
3. Supplemental Servicing Fee amount: $ N/A
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 97.744704 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: % 2.255296
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.16
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
May, 1999
Series 1999-10, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 6.871764
------------------------
Weighted average maturity 175.01
------------------------
A. Amount of distribution allocable to principal and interest: The amounts
below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $1000.00000000 $277.30000000 $ 5.20000000 %6.24000000
PO $ 3.73955371 $ 0.32213606 $ 0.00000000 %0.00000000
A1 $ 4.84068168 $ 1.34210179 $ 5.20833337 %6.25000004
A2 $ 5.17732734 $ 1.43543839 $ 5.20833329 %6.24999995
A3 $ 3.49933693 $ 0.97020755 $ 5.20833356 %6.25000027
S $ 0.00000000 $ 0.00000000 $ 0.35144074 %0.42172888
M $ 3.49933875 $ 0.00000000 $ 5.20833527 %6.25000232
B1 $ 3.49934328 $ 0.00000000 $ 5.20832836 %6.24999403
B2 $ 3.49933798 $ 0.00000000 $ 5.20832753 %6.24999303
B3 $ 3.49934426 $ 0.00000000 $ 5.20833085 %6.24999702
B4 $ 3.49934726 $ 0.00000000 $ 5.20832898 %6.24999478
B5 $ 3.49933592 $ 0.00000000 $ 5.20834711 %6.25001653
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:
$ 12,207.26
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 190,580,020.71
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 659
-----------------
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
PO $ 421,561.00 $ 419,984.55 $ 996.26
A1 $ 95,000,000.00 $ 94,540,135.24 $ 995.16
A2 $ 73,415,920.00 $ 73,035,821.75 $ 994.82
A3 $ 18,353,980.00 $ 18,289,753.24 $ 996.50
S $ 173,282,672.00 $ 172,429,320.67 $ 995.08
M $ 1,724,000.00 $ 1,717,967.14 $ 996.50
B1 $ 670,000.00 $ 667,655.44 $ 996.50
B2 $ 574,000.00 $ 571,991.38 $ 996.50
B3 $ 671,000.00 $ 668,651.94 $ 996.50
B4 $ 383,000.00 $ 381,659.75 $ 996.50
B5 $ 287,405.96 $ 286,400.23 $ 996.50
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 $ 786,856.80
-------- -----------
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 99.17
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
May, 1999
GEM Trust 99-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 298,796.74
--------------
(b) Interest $ 2,468,139.83
--------------
(c) Total $ 2,766,936.57
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 259,036.80
--------------
(b) Interest $ 2,149,607.05
--------------
(c) Total $ 2,408,643.85
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 39,759.94
--------------
(b) Interest $ 318,532.78
--------------
(c) Total $ 358,292.72
--------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 111,711.23
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 6,782,435.78
--------------
(b) Interest $ 40,254.34
--------------
(c) Total $ 6,822,690.12
--------------
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 $ 387,918.70
---------------
(b) Interest $ 1,058.95
---------------
(c) Total $ 388,977.65
---------------
12. Pool Scheduled Principal Balance: $ 387,111,893.87
---------------
13. Available Funds: $ 10,014,220.08
---------------
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: $ 5,551.74
---------------
18. Total interest payments: $ 2,433,357.26
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
P $ 0.00 $ 0.00 $ 0.00 % 0.000000000
IA1 $ 688,630.87 $ 0.00 $ 688,630.87 % 6.625000038
IA2 $ 5,541.67 $ 0.00 $ 5,541.67 % 7.000004211
IA3 $ 109,312.50 $ 0.00 $ 109,312.50 % 6.625000000
IA4 $ 7,232.29 $ 0.00 $ 7,232.29 % 6.624998473
IA5 $ 175,357.01 $ 0.00 $ 175,357.01 % 6.624999827
IA6 $ 60,796.63 $ 0.00 $ 60,796.63 % 6.624999864
IA7 $ 4,598.44 $ 0.00 $ 4,598.44 % 6.750003670
IA8 $ 13,797.58 $ 0.00 $ 13,797.58 % 5.730001090
IA9 $ 4,984.47 $ 0.00 $ 4,984.47 % 9.231554221
IA10 $ 1,083.58 $ 0.00 $ 1,083.58 %10.000046144
IIA1 $ 975,704.59 $ 0.00 $ 975,704.59 % 7.000000000
IIA2 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
AR $ 0.55 $ 0.00 $ 0.55 % 6.600000000
X $ 255,575.10 $ 0.00 $ 255,575.10 % 6.625000016
M $ 49,028.24 $ 0.00 $ 49,028.24 % 6.624999901
B1 $ 28,327.42 $ 0.00 $ 28,327.42 % 6.624999196
B2 $ 23,969.36 $ 0.00 $ 23,969.36 % 6.624999885
B3 $ 11,984.68 $ 0.00 $ 11,984.68 % 6.624999885
B4 $ 6,537.10 $ 0.00 $ 6,537.10 % 6.625002745
B5 $ 10,895.18 $ 0.00 $ 10,895.18 % 6.625001900
20. Principal Distribution Amount: $ 7,580,862.82
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class P $ 263.75 $ 0.00
Class IA1 $ 3,824,661.98 $ 0.00
Class IA2 $ 0.00 $ 0.00
Class IA3 $ 0.00 $ 0.00
Class IA4 $ 0.00 $ 0.00
Class IA5 $ 1,311,632.70 $ 0.00
Class IA6 $ 0.00 $ 0.00
Class IA7 $ 0.00 $ 0.00
Class IA8 $ 0.00 $ 0.00
Class IA9 $ 0.00 $ 0.00
Class IA10 $ 0.00 $ 0.00
Class IIA1 $ 2,296,300.07 $ 0.00
Class IIA2 $ 129,979.24 $ 0.00
Class AR $ 100.00 $ 0.00
Class X $ 0.00 $ 0.00
Class M $ 6,721.91 $ 0.00
Class B1 $ 3,883.77 $ 0.00
Class B2 $ 3,286.26 $ 0.00
Class B3 $ 1,643.13 $ 0.00
Class B4 $ 896.25 $ 0.00
Class B5 $ 1,493.76 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
M $ 0.00 $ 0.00
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class IA8 % 5.73000109
Class IA9 % 9.23155422
Class IA10 % 10.00004614
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-M X
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 28,942.54
----------
3. Supplemental Servicing Fee amount: $ N/A
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: %N/A N/A N/A N/A
---- ---- ------- --------
6. Group I Senior Percentage:
%N/A N/A N/A N/A
---- ---- ------- --------
7. Group II Senior Percentage:
%N/A N/A N/A N/A
---- ---- ------- --------
8. Senior Prepayment Percentage:
%N/A N/A N/A N/A
---- ---- ------- --------
9. Group I Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ---- ------- --------
10. Group II Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ---- ------- --------
11. Junior Percentage: %N/A
----
12. Junior Prepayment Percentage:
%N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.18
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
May, 1999
GEM Trust 99-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.651786
-------------------------
Weighted average maturity 352.28
-------------------------
A. Amount of distribution allocable to principal and interest: The amounts
below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
P $ 1.16417611 $ 0.20335012 $ 0.00000000 % 0.00000000
IA1 $ 30.66275764 $ 29.79451956 $ 5.52083337 % 6.62500004
IA2 $ 0.00000000 $ 0.00000000 $ 5.83333684 % 7.00000421
IA3 $ 0.00000000 $ 0.00000000 $ 5.52083333 % 6.62500000
IA4 $ 0.00000000 $ 0.00000000 $ 5.52083206 % 6.62499847
IA5 $ 41.29464423 $ 40.12535647 $ 5.52083319 % 6.62499983
IA6 $ 0.00000000 $ 0.00000000 $ 5.52083322 % 6.62499986
IA7 $ 0.00000000 $ 0.00000000 $ 5.62500306 % 6.75000367
IA8 $ 0.00000000 $ 0.00000000 $ 4.77500091 % 5.73000109
IA9 $ 0.00000000 $ 0.00000000 $ 7.69296185 % 9.23155422
IA10 $ 0.00000000 $ 0.00000000 $ 8.33337179 %10.00004614
IIA1 $ 13.72862635 $ 12.96354646 $ 5.83333333 % 7.00000000
IIA2 $ 13.72862600 $ 12.96354689 $ 0.00000000 % 0.00000000
AR $ 1000.00000000 $ 971.70000000 $ 5.50000000 % 6.60000000
X $ 0.00000000 $ 0.00000000 $ 5.52083335 % 6.62500002
M $ 0.75692181 $ 0.75692181 $ 5.52083325 % 6.62499990
B1 $ 0.75692189 $ 0.75692189 $ 5.52083266 % 6.62499920
B2 $ 0.75692023 $ 0.75692023 $ 5.52083324 % 6.62499988
B3 $ 0.75692023 $ 0.75692023 $ 5.52083324 % 6.62499988
B4 $ 0.75691804 $ 0.75691804 $ 5.52083562 % 6.62500274
B5 $ 0.75692209 $ 0.75692209 $ 5.52083492 % 6.62500190
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:
$ 28,942.54
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 387,111,893.87
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,929
----------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
P $ 226,555.07 $ 226,291.32 $ 998.84 23321P3M8
IA1 $ 124,733,138.00 $ 120,908,476.02 $ 969.34 23321P2Z0
IA2 $ 950,000.00 $ 950,000.00 $ 1,000.00 23321P3A4
IA3 $ 19,800,000.00 $ 19,800,000.00 $ 1,000.00 23321P3B2
IA4 $ 1,310,000.00 $ 1,310,000.00 $ 1,000.00 23321P3C0
IA5 $ 31,762,780.00 $ 30,451,147.30 $ 958.71 23321P3D8
IA6 $ 11,012,220.00 $ 11,012,220.00 $ 1,000.00 23321P3E6
IA7 $ 817,500.00 $ 817,500.00 $ 1,000.00 23321P3F3
IA8 $ 2,889,545.00 $ 2,889,545.00 $ 1,000.00 23321P3G1
IA9 $ 647,926.00 $ 647,926.00 $ 1,000.00 23321P3H9
IA10 $ 130,029.00 $ 130,029.00 $ 1,000.00 23321P3J5
IIA1 $ 167,263,644.00 $ 164,967,343.93 $ 986.27 23321P3K2
IIA2 $ 9,467,753.00 $ 9,337,773.76 $ 986.27 23321P3L0
AR $ 100.00 $ 0.00 $ 0.00 23321P3P1
X $ 46,292,848.19 $ 44,938,760.59 $ 970.75 23321P3N6
M $ 8,880,587.00 $ 8,873,865.09 $ 999.24 23321P3Q9
B1 $ 5,131,005.00 $ 5,127,121.23 $ 999.24 23321P3R7
B2 $ 4,341,620.00 $ 4,338,333.74 $ 999.24 23321P3S5
B3 $ 2,170,810.00 $ 2,169,166.87 $ 999.24 23321P3T3
B4 $ 1,184,078.00 $ 1,183,181.75 $ 999.24 23321P3U0
B5 $ 1,973,466.00 $ 1,971,972.24 $ 999.24 23321P3V8
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 17 Principal Balance $ 3,245,896.79
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 311,335.10
-------- -------------
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
IA8 % 5.73000109
IA9 % 9.23155422
IA10 % 10.00004614
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
-----------
G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
- ----- ------- ------ --------------- -------
IA2 $ 999.99 $ 0.00 $ 0.00 $ 999.99
*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 99.19
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
May, 1999
Series 1999-09, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 413,169.14
---------------
(b) Interest $ 2,958,675.70
---------------
(c) Total $ 3,371,844.84
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 298,099.36
---------------
(b) Interest $ 2,147,493.93
---------------
(c) Total $ 2,445,593.29
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 115,069.78
---------------
(b) Interest $ 811,181.77
---------------
(c) Total $ 926,251.55
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 64,502.04
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,464,916.23
---------------
(b) Interest $ 16,458.06
---------------
(c) Total $ 3,481,374.29
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 623,827.24
---------------
(b) Interest $ 3,524.16
---------------
(c) Total $ 627,351.40
---------------
12. Pool Scheduled Principal Balance: $ 496,567,521.35
---------------
13. Available Funds: $ 7,449,052.52
---------------
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: $ 370.20
---------------
18. Total interest payments: $ 2,882,637.87
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.56 $ 0.00 $ 0.56 %6.720000000
1PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
2PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
1A1 $ 501,028.58 $ 0.00 $ 501,028.58 %6.099999959
1A2 $ 162,666.67 $ 0.00 $ 162,666.67 %6.100000125
1A4 $ 271,055.42 $ 0.00 $ 271,055.42 %6.500000080
1A5 $ 23,371.88 $ 0.00 $ 0.00 %6.750001444
1A6 $ 213,750.00 $ 0.00 $ 213,750.00 %6.750000000
1A7 $ 6,766.88 $ 0.00 $ 6,766.88 %6.750004988
1A8 $ 339,365.00 $ 0.00 $ 339,365.00 %6.500000000
1A3 $ 494,153.71 $ 0.00 $ 207,278.71 %8.339795114
1A9 $ 27,472.50 $ 0.00 $ 0.00 %6.750000000
RL $ 0.56 $ 0.00 $ 0.56 %6.720000000
1S $ 57,360.16 $ 0.00 $ 57,360.16 %0.274961000
2A1 $ 216,000.00 $ 0.00 $ 216,000.00 %6.750000000
2A2 $ 20,548.13 $ 0.00 $ 20,548.13 %6.750001642
2A3 $ 67,719.38 $ 0.00 $ 67,719.38 %6.750000498
2A4 $ 9,843.75 $ 0.00 $ 9,843.75 %6.750000000
2A5 $ 281,250.00 $ 0.00 $ 281,250.00 %6.750000000
2A6 $ 11,250.00 $ 0.00 $ 11,250.00 %6.750000000
2A7 $ 14,625.00 $ 0.00 $ 14,625.00 %6.750000000
2A8 $ 5,625.00 $ 0.00 $ 5,625.00 %6.750000000
2A9 $ 20,250.00 $ 0.00 $ 20,250.00 %6.750000000
2S $ 25,776.98 $ 0.00 $ 25,776.98 %0.332751000
M $ 52,149.38 $ 0.00 $ 52,149.38 %6.750000647
B1 $ 21,138.75 $ 0.00 $ 21,138.75 %6.750000000
B2 $ 12,678.75 $ 0.00 $ 12,678.75 %6.750000000
B3 $ 14,096.25 $ 0.00 $ 14,096.25 %6.750000000
B4 $ 5,641.88 $ 0.00 $ 5,641.88 %6.750005982
B5 $ 7,052.70 $ 0.00 $ 7,052.70 %6.750001795
20. Principal Distribution Amount: $ 4,566,414.65
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 100.00 $ 0.00
Class 1PO $ 4,525.70 $ 0.00
Class 2PO $ 589.51 $ 0.00
Class 1A1 $ 502,223.78 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A4 $ 528,981.79 $ 0.00
Class 1A5 $ 1,658,541.64 $ 23,371.88
Class 1A6 $ 0.00 $ 0.00
Class 1A7 $ 0.00 $ 0.00
Class 1A8 $ 0.00 $ 0.00
Class 1A3 $ 16,822.22 $ 286,875.00
Class 1A9 $ 0.00 $ 27,472.50
Class RL $ 100.00 $ 0.00
Class 1S $ 0.00 $ 0.00
Class 2A1 $ 856,024.79 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 0.00 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 1,319,704.89 $ 0.00
Class 2A6 $ 0.00 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class 2A8 $ 0.00 $ 0.00
Class 2A9 $ 0.00 $ 0.00
Class 2S $ 0.00 $ 0.00
Class M $ 7,640.21 $ 0.00
Class B1 $ 3,096.96 $ 0.00
Class B2 $ 1,857.52 $ 0.00
Class B3 $ 2,065.19 $ 0.00
Class B4 $ 826.57 $ 0.00
Class B5 $ 1,033.26 $ 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
-------------
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: $ 26,220.81
----------
3. Supplemental Servicing Fee amount: $ N/A
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: %N/A N/A N/A N/A
---- ---- -------- --------
6. Group I Senior Percentage:
%N/A N/A N/A N/A
---- ---- -------- --------
7. Group II Senior Percentage:
%N/A N/A N/A N/A
---- ---- -------- --------
8. Senior Prepayment Percentage:
%N/A N/A N/A N/A
---- ---- -------- --------
9. Group I Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ---- -------- --------
10. Group II Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ---- -------- --------
11. Junior Percentage: %N/A
----
12. Junior Prepayment Percentage:
%N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.20
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
May, 1999
Series 1999-09, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.146664
------------------------
Weighted average maturity 355.09
------------------------
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
----- ----------- ----------- ----------- -----------
R $ 1000.00000000 $ 874.20000000 $ 5.60000000 %6.72000000
1PO $ 1.55225382 $ 0.67358768 $ 0.00000000 %0.00000000
2PO $ 1.11363619 $ 0.24361677 $ 0.00000000 %0.00000000
1A1 $ 5.09545955 $ 4.45427351 $ 5.08333330 %6.09999996
1A2 $ 0.00000000 $ 0.00000000 $ 5.08333344 %6.10000013
1A4 $ 10.57096761 $ 9.24077217 $ 5.41666673 %6.50000008
1A5 $ 393.54266185 $ 348.93848857 $ 5.62500120 %6.75000144
1A6 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
1A7 $ 0.00000000 $ 0.00000000 $ 5.62500416 %6.75000499
1A8 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
1A3 $ 0.00000000 $ 0.20681828 $ 6.94982926 %8.33979511
1A9 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
RL $ 1000.00000000 $ 874.20000000 $ 5.60000000 %6.72000000
1S $ 0.00000000 $ 0.00000000 $ 0.74105776 %0.88926932
2A1 $ 22.29231224 $ 21.31364245 $ 5.62500000 %6.75000000
2A2 $ 0.00000000 $ 0.00000000 $ 5.62500137 %6.75000164
2A3 $ 0.00000000 $ 0.00000000 $ 5.62500042 %6.75000050
2A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A5 $ 26.39409780 $ 25.23535260 $ 5.62500000 %6.75000000
2A6 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A7 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A8 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A9 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2S $ 0.00000000 $ 0.00000000 $ 0.74735701 %0.89682841
M $ 0.82409772 $ 0.82409772 $ 5.62500054 %6.75000065
B1 $ 0.82409792 $ 0.82409792 $ 5.62500000 %6.75000000
B2 $ 0.82409938 $ 0.82409938 $ 5.62500000 %6.75000000
B3 $ 0.82409816 $ 0.82409816 $ 5.62500000 %6.75000000
B4 $ 0.82409771 $ 0.82409771 $ 5.62500499 %6.75000598
B5 $ 0.82409418 $ 0.82409418 $ 5.62500150 %6.75000179
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
1A5 $ 23,371.88
1A3 $ 286,875.00
1A9 $ 27,472.50
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 26,220.81
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 496,567,521.35
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,498
---------------
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 36157RT96
1PO $ 2,915,567.00 $ 2,911,041.30 $ 998.45 GEC9991PO
2PO $ 529,356.00 $ 528,766.49 $ 998.89 GEC9992PO
1A1 $ 98,563,000.00 $ 98,060,776.22 $ 994.90 36157RT21
1A2 $ 32,000,000.00 $ 32,000,000.00 $ 1,000.00 36157RS89
1A4 $ 50,041,000.00 $ 49,512,018.21 $ 989.43 36157RT39
1A5 $ 4,155,000.00 $ 2,519,830.24 $ 606.46 36157RT47
1A6 $ 38,000,000.00 $ 38,000,000.00 $ 1,000.00 36157RT54
1A7 $ 1,203,000.00 $ 1,203,000.00 $ 1,000.00 36157RT62
1A8 $ 62,652,000.00 $ 62,652,000.00 $ 1,000.00 36157RT70
1A3 $ 71,103,000.00 $ 71,373,052.78 $ 1,003.80 36157RS97
1A9 $ 4,884,000.00 $ 4,911,472.50 $ 1,005.63 36157RT88
RL $ 100.00 $ 0.00 $ 0.00 36157RU29
1S $ 250,344,295.92 $ 248,392,722.70 $ 1,000.00 GEC9909S1
2A1 $ 38,400,000.00 $ 37,543,975.21 $ 977.71 36157RU37
2A2 $ 3,653,000.00 $ 3,653,000.00 $ 1,000.00 36157RU45
2A3 $ 12,039,000.00 $ 12,039,000.00 $ 1,000.00 36157RU52
2A4 $ 1,750,000.00 $ 1,750,000.00 $ 1,000.00 36157RU60
2A5 $ 50,000,000.00 $ 48,680,295.11 $ 973.61 36157RU78
2A6 $ 2,000,000.00 $ 2,000,000.00 $ 1,000.00 36157RU86
2A7 $ 2,600,000.00 $ 2,600,000.00 $ 1,000.00 36157RU94
2A8 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RV28
2A9 $ 3,600,000.00 $ 3,600,000.00 $ 1,000.00 36157RV36
2S $ 92,959,531.53 $ 90,810,118.04 $ 1,000.00 GEC9909S2
M $ 9,271,000.00 $ 9,263,359.79 $ 999.18 36157RV44
B1 $ 3,758,000.00 $ 3,754,903.04 $ 999.18 36157RV51
B2 $ 2,254,000.00 $ 2,252,142.48 $ 999.18 36157RV69
B3 $ 2,506,000.00 $ 2,503,934.81 $ 999.18 36157RV77
B4 $ 1,003,000.00 $ 1,002,173.43 $ 999.18 36157RV85
B5 $ 1,253,813.00 $ 1,252,779.74 $ 999.18 36157RV93
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 2 Principal Balance $ 474,310.91
-------- -----------
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: % 0.88926932
-----------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class 1A3_1 $ 0.00
Class 1A3_2 $ 0.00
Class 1A3_3 $ 150,163,776.22
Class 1A3_4 $ 112,164,018.21
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class 1A3_1 $ 20,103,000.00
Class 1A3_2 $ 51,270,052.78
Class 1A3_3 $ 0.00
Class 1A3_4 $ 0.00
*It has been the Company's experience that, with respect to the first
Distribution Date after the closing of a securitization containing a large
number of recently originated or acquired Mortgage Loans, the number of Mortgage
Loans 30-59 days delinquent may be inflated due to the borrowers sending monthly
payments to the wrong location or delays by the Company in inputting the
Mortgage Loans on its servicing system. It has also been the Company's
experience that for the majority of such Mortgage Loans the routing of
borrowers' monthly payments has corrected itself by the second Distribution
Date. However, the Company makes no assurances as to the level of delinquent
Mortgage Loans for future Distribution Dates.
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