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Previous: CYPRESS SEMICONDUCTOR CORP /DE/, PRE 14A, 1999-03-12 |
Next: GE CAPITAL MORTGAGE SERVICES INC, S-3/A, 1999-03-12 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 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 February 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 1998-01 $5,996,319.33
Series 1998-02 $15,347,836.59
Series 1998-03 $13,122,628.69
Series 1998-04 $22,143,069.80
Series 1998-HE1 $4,622,878.93
Series 1998-HE2 $5,553,352.92
Series 1998-05 $13,674,495.58
Series 1998-6A $5,791,947.61
Series 1998-6B $12,468,290.60
Series 1998-07 $4,213,467.70
Series 1998-08A $10,540,209.54
Series 1998-08B $3,978,258.21
Series 1998-09 $13,456,158.77
Series 1998-10A $8,669,899.99
Series 1998-10B $3,070,687.78
Series 1998-11A $10,011,327.30
Series 1998-11B $5,795,328.83
Series 1998-11C $2,652,476.30
Series 1998-12A $7,427,857.57
Series 1998-12-B $9,061,217.91
Series 1998-12C $2,501,556.26
Series 1998-12D $5,178,427.27
Series 1998-13 $12,926,844.06
Series 1998-14 $8,263,948.04
Series 1998-15 $10,505,787.00
Series 1998-16 $10,619,437.39
Series 1998-17 $9,262,434.58
Series 1998-18 $5,662,670.24
Series 1998-19 $4,188,434.17
Series 1998-20 $7,867,577.07
Series 1998-21 $7,298,814.85
Series 1998-22 $7,301,574.43
Series 1998-23 $6,645,337.40
Series 1998-24 $7,927,998.46
Series 1998-25 $25,685,773.78
Series 1998-26 $3,835,349.32
Series 1999-01 $13,901,213.26
Item 7. Financial Statements and Exhibits
- ------- ---------------------------------
Attached as Exhibits to Item 7 are the "Servicer's Certificate" and the
"Distribution Date Statement" filed as part of this Report.
Series Exhibit No. Description
------ ----------- -----------
Series 1998-01 99.1 Servicer's Certificate
99.2 Distribution Date Statment
Series 1998-02 99.3 Servicer's Certificate
99.4 Distribution Date Statment
Series 1998-03 99.5 Servicer's Certificate
99.6 Distribution Date Statment
Series 1998-04 99.7 Servicer's Certificate
99.8 Distribution Date Statment
Series 1998-HE1 99.9 Servicer's Certificate
99.10 Distribution Date Statement
Series 1998-05 99.11 Servicer's Certificate
99.12 Distribution Date Statment
Series 1998-6A 99.13 Servicer's Certificate
99.14 Distribution Date Statment
Series 1998-6B 99.15 Servicer's Certificate
99.16 Distribution Date Statment
Series 1998-07 99.17 Servicer's Certificate
99.18 Distribution Date Statment
Series 1998-08A 99.19 Servicer's Certificate
99.20 Distribution Date Statment
Series 1998-08B 99.21 Servicer's Certificate
99.22 Distribution Date Statment
Series 1998-09 99.23 Servicer's Certificate
99.24 Distribution Date Statment
Series 1998-10A 99.25 Servicer's Certificate
99.26 Distribution Date Statment
Series 1998-10B 99.27 Servicer's Certificate
99.28 Distribution Date Statment
Series 1998-11A 99.29 Servicer's Certificate
99.30 Distribution Date Statment
Series 1998-11B 99.31 Servicer's Certificate
99.32 Distribution Date Statment
Series 1998-11C 99.33 Servicer's Certificate
99.34 Distribution Date Statment
Series 1998-HE2 99.35 Servicer's Certificate
99.36 Distribution Date Statment
Series 1998-12A 99.37 Servicer's Certificate
99.38 Distribution Date Statment
Series 1998-12B 99.39 Servicer's Certificate
99.40 Distribution Date Statment
Series 1998-12C 99.41 Servicer's Certificate
99.42 Distribution Date Statment
Series 1998-12D 99.43 Servicer's Certificate
99.44 Distribution Date Statment
Series 1998-13 99.45 Servicer's Certificate
99.46 Distribution Date Statment
Series 1998-14 99.47 Servicer's Certificate
99.48 Distribution Date Statment
Series 1998-15 99.49 Servicer's Certificate
99.50 Distribution Date Statment
Series 1998-16 99.51 Servicer's Certificate
99.52 Distribution Date Statment
Series 1998-17 99.53 Servicer's Certificate
99.54 Distribution Date Statment
Series 1998-18 99.55 Servicer's Certificate
99.56 Distribution Date Statment
Series 1998-19 99.57 Servicer's Certificate
99.58 Distribution Date Statment
Series 1998-20 99.59 Servicer's Certificate
99.60 Distribution Date Statment
Series 1998-21 99.61 Servicer's Certificate
99.62 Distribution Date Statment
Series 1998-22 99.63 Servicer's Certificate
99.64 Distribution Date Statment
Series 1998-23 99.65 Servicer's Certificate
99.66 Distribution Date Statment
Series 1998-24 99.67 Servicer's Certificate
99.68 Distribution Date Statment
Series 1998-25 99.69 Servicer's Certificate
99.70 Distribution Date Statment
Series 1998-26 99.71 Servicer's Certificate
99.72 Distribution Date Statment
Series 1999-01 99.73 Servicer's Certificate
99.74 Distribution Date Statment
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
---------------------------------
Name: Tim Neer
Title: Vice President, Investor Relations
Dated as of : February 26, 1999
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
- ----------- -----------
99.1 Series 1998-01 Servicer's Certificate
99.2 Series 1998-01 Distribution Date Statement
99.3 Series 1998-02 Servicer's Certificate
99.4 Series 1998-02 Distribution Date Statement
99.5 Series 1998-03 Servicer's Certificate
99.6 Series 1998-03 Distribution Date Statement
99.7 Series 1998-04 Servicer's Certificate
99.8 Series 1998-04 Distribution Date Statement
99.9 Series 1998-HE1 Servicer's Certificate
99.10 Series 1998-HE1 Distribution Date Statement
99.11 Series 1998-05 Servicer's Certificate
99.12 Series 1998-05 Distribution Date Statement
99.13 Series 1998-6A Servicer's Certificate
99.14 Series 1998-6A Distribution Date Statement
99.15 Series 1998-6B Servicer's Certificate
99.16 Series 1998-6B Distribution Date Statement
99.17 Series 1998-07 Servicer's Certificate
99.18 Series 1998-07 Distribution Date Statement
99.19 Series 1998-08A Servicer's Certificate
99.20 Series 1998-08A Distribution Date Statement
99.21 Series 1998-08B Servicer's Certificate
99.22 Series 1998-08B Distribution Date Statement
99.23 Series 1998-09 Servicer's Certificate
99.24 Series 1998-09 Distribution Date Statement
99.25 Series 1998-10A Servicer's Certificate
99.26 Series 1998-10A Distribution Date Statement
99.27 Series 1998-10B Servicer's Certificate
99.28 Series 1998-10B Distribution Date Statement
99.29 Series 1998-11A Servicer's Certificate
99.30 Series 1998-11A Distribution Date Statement
99.31 Series 1998-11B Servicer's Certificate
99.32 Series 1998-11B Distribution Date Statement
99.33 Series 1998-11C Servicer's Certificate
99.34 Series 1998-11C Distribution Date Statement
99.35 Series 1998-HE2 Servicer's Certificate
99.36 Series 1998-HE2 Distribution Date Statement
99.37 Series 1998-12A Servicer's Certificate
99.38 Series 1998-12A Distribution Date Statement
99.39 Series 1998-12B Servicer's Certificate
99.40 Series 1998-12B Distribution Date Statement
99.41 Series 1998-12C Servicer's Certificate
99.42 Series 1998-12C Distribution Date Statement
99.43 Series 1998-12D Servicer's Certificate
99.44 Series 1998-12D Distribution Date Statement
99.45 Series 1998-13 Servicer's Certificate
99.46 Series 1998-13 Distribution Date Statement
99.47 Series 1998-14 Servicer's Certificate
99.48 Series 1998-14 Distribution Date Statement
99.49 Series 1998-15 Servicer's Certificate
99.50 Series 1998-15 Distribution Date Statement
99.51 Series 1998-16 Servicer's Certificate
99.52 Series 1998-16 Distribution Date Statement
99.53 Series 1998-17 Servicer's Certificate
99.54 Series 1998-17 Distribution Date Statement
99.55 Series 1998-18 Servicer's Certificate
99.56 Series 1998-18 Distribution Date Statement
99.57 Series 1998-19 Servicer's Certificate
99.58 Series 1998-19 Distribution Date Statement
99.59 Series 1998-20 Servicer's Certificate
99.60 Series 1998-20 Distribution Date Statement
99.61 Series 1998-21 Servicer's Certificate
99.62 Series 1998-21 Distribution Date Statement
99.63 Series 1998-22 Servicer's Certificate
99.64 Series 1998-22 Distribution Date Statement
99.65 Series 1998-23 Servicer's Certificate
99.66 Series 1998-23 Distribution Date Statement
99.67 Series 1998-24 Servicer's Certificate
99.68 Series 1998-24 Distribution Date Statement
99.69 Series 1998-25 Servicer's Certificate
99.70 Series 1998-25 Distribution Date Statement
99.71 Series 1998-26 Servicer's Certificate
99.72 Series 1998-26 Distribution Date Statement
99.73 Series 1999-01 Servicer's Certificate
99.74 Series 1999-01 Distribution Date Statement
Exhibit 99.01
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 527,316.61
---------------
(b) Interest $ 894,782.34
---------------
(c) Total $ 1,422,098.95
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 213,628.02
---------------
(b) Interest $ 353,599.92
---------------
(c) Total $ 567,227.94
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 313,688.59
---------------
(b) Interest $ 541,182.42
---------------
(c) Total $ 854,871.01
---------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 108,149.81
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,520,859.36
---------------
(b) Interest $ 26,888.64
---------------
(c) Total $ 4,547,748.00
---------------
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: $ 144,323,982.71
---------------
13. Available Funds: $ 5,996,319.33
---------------
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: $ 1,758.62
---------------
18. Total interest payments: $ 839,993.55
---------------
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 $ 261,423.83 $ 0.00 $ 261,423.83 %6.749999992
A2 $ 410,564.35 $ 0.00 $ 410,564.35 %6.749999930
A3 $ 143,653.75 $ 0.00 $ 143,653.75 %6.750000054
M $ 8,117.05 $ 0.00 $ 8,117.05 %6.749999210
B1 $ 5,411.36 $ 0.00 $ 5,411.36 %6.750002144
B2 $ 2,705.67 $ 0.00 $ 2,705.67 %6.750010946
B3 $ 4,329.09 $ 0.00 $ 4,329.09 %6.749996755
B4 $ 1,623.40 $ 0.00 $ 1,623.40 %6.750002677
B5 $ 2,165.05 $ 0.00 $ 2,165.05 %6.749998207
20. Principal Distribution Amount: $ 5,156,325.78
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,988.85 $ 0.00
Class A1 $ 1,647,137.58 $ 0.00
Class A2 $ 3,401,847.33 $ 0.00
Class A3 $ 90,081.72 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 5,090.00 $ 0.00
Class B1 $ 3,393.33 $ 0.00
Class B2 $ 1,696.66 $ 0.00
Class B3 $ 2,714.67 $ 0.00
Class B4 $ 1,017.99 $ 0.00
Class B5 $ 1,357.65 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
--------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
--------------
24. Subordinate Certificate Writedown Amount: $ 0.00
--------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
--------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 32,169.20
----------
3. Supplemental Servicing Fee amount: $ 49,142.27
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 97.100976 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: % 2.899024
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-----------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.02
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.412499
---------------------
Weighted average maturity 163.65
---------------------
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 $ 12.68739076 $ 9.00394238 $ 0.00000000 % 0.00000000
A1 $ 26.28271230 $ 23.66690857 $ 4.17143498 % 6.74999999
A2 $ 32.00589765 $ 28.82049023 $ 3.86274847 % 6.74999993
A3 $ 3.39009170 $ 3.05269068 $ 5.40619545 % 6.75000005
M $ 3.39009015 $ 0.00000000 $ 5.40619474 % 6.74999921
B1 $ 3.39009246 $ 0.00000000 $ 5.40619708 % 6.75000214
B2 $ 3.39009941 $ 0.00000000 $ 5.40620411 % 6.75001095
B3 $ 3.39009572 $ 0.00000000 $ 5.40619283 % 6.74999675
B4 $ 3.39007942 $ 0.00000000 $ 5.40619745 % 6.75000268
B5 $ 3.39009257 $ 0.00000000 $ 5.40619447 % 6.74999821
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 32,169.20
----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 144,323,982.71
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 470
-----------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RCN3
PO $ 148,120.80 $ 146,131.94 $ 932.21 GEC9801PO
A1 $ 46,475,347.61 $ 44,828,210.03 $ 715.31 36157RCK9
A2 $ 72,989,218.54 $ 69,587,371.20 $ 654.70 36157RCL7
A3 $ 25,538,444.24 $ 25,448,362.53 $ 957.71 36157RCM5
SUP $ 137,739,007.85 $ 132,869,722.75 $ 708.06 GEC98001S
M $ 1,443,031.28 $ 1,437,941.28 $ 957.71 36157RCP8
B1 $ 962,019.25 $ 958,625.92 $ 957.71 36157RCQ6
B2 $ 481,007.22 $ 479,310.56 $ 957.71 36157RCR4
B3 $ 769,616.37 $ 766,901.70 $ 957.71 36157RCG8
B4 $ 288,604.33 $ 287,586.34 $ 957.71 36157RCH6
B5 $ 384,897.88 $ 383,540.23 $ 957.71 36157RCJ2
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 2 Principal Balance $ 571,403.71
-------- -----------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -----------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -----------
4. In Foreclosure
Number 1 Principal Balance $ 228,631.09
-------- -----------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -----------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
E. Other Information:
1. Special Hazard Loss Amount: $ 2,621,837.00
-------------
2. Bankruptcy Loss Amount: $ 100,000.00
-------------
3. Fraud Loss Amount: $ 2,001,914.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.03
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-02, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 264,998.85
-------------
(b) Interest $ 2,056,259.08
-------------
(c) Total $ 2,321,257.93
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 231,907.34
-------------
(b) Interest $ 1,804,183.94
-------------
(c) Total $ 2,036,091.28
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 33,091.51
-------------
(b) Interest $ 252,075.14
-------------
(c) Total $ 285,166.65
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 69,220.55
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 13,062,901.62
--------------
(b) Interest $ 79,464.40
--------------
(c) Total $ 13,142,366.02
--------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
--------------
(b) Interest $ 0.00
--------------
(c) Total $ 0.00
--------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
--------------
(b) Interest $ 0.00
--------------
(c) Total $ 0.00
--------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $321,292,126.92
---------------
13. Available Funds: $ 15,347,836.59
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
---------------
17. Compensating Interest Payment: $ 8,924.24
---------------
18. Total interest payments: $ 1,950,715.59
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 73,390.66 $ 0.00 $ 73,390.66 %6.999999538
A2 $ 21,583.33 $ 0.00 $ 21,583.33 %6.999998919
A3 $ 103,107.58 $ 0.00 $ 103,107.58 %7.000000045
A4 $ 143,272.50 $ 0.00 $ 143,272.50 %7.000000000
A5 $ 198,686.24 $ 0.00 $ 198,686.24 %6.999999853
A6 $ 222,520.11 $ 0.00 $ 222,520.11 %6.999999886
A7 $ 57,166.67 $ 0.00 $ 57,166.67 %7.000000408
A8 $ 4,066.26 $ 0.00 $ 4,066.26 %7.249995561
A9 $ 19,490.04 $ 0.00 $ 19,490.04 %6.950001410
A10 $ 19,250.00 $ 0.00 $ 19,250.00 %7.000000000
A11 $ 127,297.75 $ 0.00 $ 127,297.75 %6.999999839
A12 $ 850,222.25 $ 0.00 $ 850,222.25 %6.999999972
M $ 45,566.74 $ 0.00 $ 45,566.74 %7.000000388
B1 $ 26,038.14 $ 0.00 $ 26,038.14 %7.000001165
B2 $ 13,019.07 $ 0.00 $ 13,019.07 %7.000001165
B3 $ 13,019.07 $ 0.00 $ 13,019.07 %7.000001165
B4 $ 3,904.57 $ 0.00 $ 3,904.57 %7.000008546
B5 $ 9,114.61 $ 0.00 $ 9,114.61 %7.000003366
20. Principal Distribution Amount: $ 13,397,121.00
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 310.36 $ 0.00
Class A1 $ 948,076.09 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 885,339.48 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 3,026,807.65 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 37,836.81 $ 0.00
Class A9 $ 189,184.22 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 17,276.08 $ 0.00
Class A12 $ 8,277,271.91 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 6,184.04 $ 0.00
Class B1 $ 3,533.74 $ 0.00
Class B2 $ 1,766.87 $ 0.00
Class B3 $ 1,766.87 $ 0.00
Class B4 $ 529.90 $ 0.00
Class B5 $ 1,236.98 $ 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: $ 67,255.30
-----------
3. Supplemental Servicing Fee amount: $ 119,082.79
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 94.327098 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 5.672902
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
----------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.04
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-02, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.678147
---------------------
Weighted average maturity 344.37
---------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
PO $ 1.06625440 $ 0.17483466 $ 0.00000000 % 0.00000000
A1 $ 45.59498971 $ 44.74413044 $ 3.52951248 % 6.99999954
A2 $ 0.00000000 $ 0.00000000 $ 5.83333243 % 6.99999892
A3 $ 34.93244072 $ 34.28055777 $ 4.06826930 % 7.00000004
A4 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A5 $ 0.00000000 $ 0.00000000 $ 5.83333321 % 6.99999985
A6 $ 47.07166260 $ 46.19324660 $ 3.46054086 % 6.99999989
A7 $ 0.00000000 $ 0.00000000 $ 5.83333367 % 7.00000041
A8 $ 37.83684784 $ 37.13075713 $ 4.06626407 % 7.24999556
A9 $ 37.83684400 $ 37.13076200 $ 3.89800800 % 6.95000141
A10 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A11 $ 0.78388155 $ 0.76925349 $ 5.77598379 % 6.99999984
A12 $ 38.06517319 $ 37.35482948 $ 3.90996666 % 6.99999997
M $ 0.78388135 $ 0.00000000 $ 5.77598428 % 7.00000039
B1 $ 0.78388199 $ 0.00000000 $ 5.77598492 % 7.00000116
B2 $ 0.78388199 $ 0.00000000 $ 5.77598492 % 7.00000116
B3 $ 0.78388199 $ 0.00000000 $ 5.77598492 % 7.00000116
B4 $ 0.78387574 $ 0.00000000 $ 5.77599112 % 7.00000855
B5 $ 0.78388215 $ 0.00000000 $ 5.77598674 % 7.00000337
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:
$ 67,255.30
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 321,292,126.92
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,114
-----------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RDE2
PO $ 280,859.68 $ 280,549.31 $ 963.84 GEC9802PO
A1 $ 12,581,256.83 $ 11,633,180.74 $ 559.46 36157RCS2
A2 $ 3,700,000.00 $ 3,700,000.00 $ 1,000.00 36157RCT0
A3 $ 17,675,585.03 $ 16,790,245.55 $ 662.49 36157RCU7
A4 $ 24,561,000.00 $ 24,561,000.00 $ 1,000.00 36157RCV5
A5 $ 34,060,499.00 $ 34,060,499.00 $ 1,000.00 36157RCW3
A6 $ 38,146,305.19 $ 35,119,497.53 $ 546.16 36157RCX1
A7 $ 9,800,000.00 $ 9,800,000.00 $ 1,000.00 36157RCY9
A8 $ 673,036.55 $ 635,199.74 $ 635.20 36157RCZ6
A9 $ 3,365,186.08 $ 3,176,001.86 $ 635.20 36157RDA0
A10 $ 3,300,000.00 $ 3,300,000.00 $ 1,000.00 36157RDB8
A11 $ 21,822,471.93 $ 21,805,195.84 $ 989.38 36157RDC6
A12 $ 145,752,386.29 $ 137,475,114.39 $ 632.21 36157RDD4
SUP $ 321,820,888.51 $ 308,439,531.83 $ 704.93 GEC98002S
M $ 7,811,440.71 $ 7,805,256.67 $ 989.38 36157RDF9
B1 $ 4,463,680.40 $ 4,460,146.67 $ 989.38 36157RDG7
B2 $ 2,231,840.20 $ 2,230,073.33 $ 989.38 36157RDH5
B3 $ 2,231,840.20 $ 2,230,073.33 $ 989.38 36157RDJ1
B4 $ 669,354.04 $ 668,824.13 $ 989.38 36157RDK8
B5 $ 1,562,503.82 $ 1,561,266.84 $ 989.38 36157RDL6
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 7 Principal Balance $ 1,951,894.63
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 236,953.22
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 1 Principal Balance $ 304,276.11
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------
E. Other Information:
1. Special Hazard Loss Amount: $ 4,508,007.00
--------------
2. Bankruptcy Loss Amount: $ 173,734.00
--------------
3. Fraud Loss Amount: $ 4,508,007.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.05
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-03, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 191,106.66
--------------
(b) Interest $ 1,423,208.42
--------------
(c) Total $ 1,614,315.08
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 161,758.94
--------------
(b) Interest $ 1,197,013.32
--------------
(c) Total $ 1,358,772.26
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 29,347.72
--------------
(b) Interest $ 226,195.10
--------------
(c) Total $ 255,542.82
--------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 148,424.35
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 11,405,231.81
--------------
(b) Interest $ 66,845.25
--------------
(c) Total $ 11,472,077.06
--------------
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: $ 224,575,474.03
---------------
13. Available Funds: $ 13,122,628.69
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 7,702.52
-------------
18. Total interest payments: $ 1,377,865.89
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 361,666.67 $ 0.00 $ 361,666.67 %7.000000065
A2 $ 64,947.92 $ 0.00 $ 64,947.92 %6.250000321
A3 $ 110,822.92 $ 0.00 $ 110,822.92 %6.250000188
A4 $ 81,968.75 $ 0.00 $ 81,968.75 %6.250000000
A5 $ 81,614.58 $ 0.00 $ 81,614.58 %6.249999745
A6 $ 40,722.50 $ 0.00 $ 40,722.50 %7.000000000
A7 $ 110,666.12 $ 0.00 $ 110,666.12 %7.000000313
A8 $ 384,847.65 $ 0.00 $ 384,847.65 %6.999999960
A9 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A10 $ 63,583.33 $ 0.00 $ 63,583.33 %6.999999633
RL $ 0.00 $ 0.00 $ 0.00 %0.000000000
M $ 31,711.66 $ 0.00 $ 31,711.66 %7.000000453
B1 $ 18,121.77 $ 0.00 $ 18,121.77 %6.999999038
B2 $ 9,063.77 $ 0.00 $ 9,063.77 %6.999997986
B3 $ 9,063.77 $ 0.00 $ 9,063.77 %6.999997986
B4 $ 2,719.13 $ 0.00 $ 2,719.13 %6.999995366
B5 $ 6,345.31 $ 0.00 $ 6,345.31 %7.000000184
20. Principal Distribution Amount: $ 11,744,762.80
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 112.17 $ 0.00
Class A1 $ 0.00 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 2,620,620.35 $ 0.00
Class A8 $ 9,113,353.10 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 4,395.84 $ 0.00
Class B1 $ 2,512.02 $ 0.00
Class B2 $ 1,256.41 $ 0.00
Class B3 $ 1,256.41 $ 0.00
Class B4 $ 376.92 $ 0.00
Class B5 $ 879.58 $ 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:
$ 0.04
-------------
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: $ 48,095.79
----------
3. Supplemental Servicing Fee amount: $ 69,903.44
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 94.409803 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 5.590197
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.06
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-03, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.609106
-------------------------
Weighted average maturity 344.95
-------------------------
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 $ 0.40000000 % 0.00000000
PO $ 0.93289199 $ 0.03393242 $ 0.00000000 % 0.00000000
A1 $ 0.00000000 $ 0.00000000 $ 5.83333339 % 7.00000006
A2 $ 0.00000000 $ 0.00000000 $ 5.20833360 % 6.25000032
A3 $ 0.00000000 $ 0.00000000 $ 5.20833349 % 6.25000019
A4 $ 0.00000000 $ 0.00000000 $ 5.20833333 % 6.25000000
A5 $ 0.00000000 $ 0.00000000 $ 5.20833312 % 6.24999974
A6 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A7 $ 75.94460110 $ 74.77752543 $ 3.20706291 % 7.00000031
A8 $ 75.94460917 $ 74.77753342 $ 3.20706375 % 6.99999996
A9 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A10 $ 0.00000000 $ 0.00000000 $ 5.83333303 % 6.99999963
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
M $ 0.80026215 $ 0.00000000 $ 5.77310395 % 7.00000045
B1 $ 0.80026123 $ 0.00000000 $ 5.77310290 % 6.99999904
B2 $ 0.80026115 $ 0.00000000 $ 5.77310191 % 6.99999799
B3 $ 0.80026115 $ 0.00000000 $ 5.77310191 % 6.99999799
B4 $ 0.80025478 $ 0.00000000 $ 5.77309979 % 6.99999537
B5 $ 0.80026134 $ 0.00000000 $ 5.77310337 % 7.00000018
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:
$ 48,095.79
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 224,575,474.03
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 772
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RDX0
PO $ 114,655.87 $ 114,543.70 $ 952.63 GEC9803PO
A1 $ 62,000,000.00 $ 62,000,000.00 $ 1,000.00 36157RDM4
A2 $ 12,470,000.00 $ 12,470,000.00 $ 1,000.00 36157RDN2
A3 $ 21,278,000.00 $ 21,278,000.00 $ 1,000.00 36157RDP7
A4 $ 15,738,000.00 $ 15,738,000.00 $ 1,000.00 36157RDQ5
A5 $ 15,670,000.00 $ 15,670,000.00 $ 1,000.00 36157RDR3
A6 $ 6,981,000.00 $ 6,981,000.00 $ 1,000.00 36157RDS1
A7 $ 18,971,334.01 $ 16,350,713.66 $ 473.84 36157RDT9
A8 $ 65,973,883.23 $ 56,860,530.12 $ 473.84 36157RDU6
A9 $ 0.00 $ 0.00 $ 0.00 36157RDV4
A10 $ 10,900,000.00 $ 10,900,000.00 $ 1,000.00 36157RDW2
SUP $ 227,298,821.85 $ 215,562,829.10 $ 708.29 GEC98003S
RL $ 0.00 $ 0.00 $ 0.00 36157RDY8
M $ 5,436,284.22 $ 5,431,888.38 $ 988.87 36157RDZ5
B1 $ 3,106,589.57 $ 3,104,077.55 $ 988.87 36157REA9
B2 $ 1,553,789.59 $ 1,552,533.18 $ 988.87 36157REB7
B3 $ 1,553,789.59 $ 1,552,533.18 $ 988.87 36157REC5
B4 $ 466,136.88 $ 465,759.96 $ 988.87 36157RED3
B5 $ 1,087,767.40 $ 1,086,887.82 $ 988.87 36157REE1
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 5 Principal Balance $ 2,184,259.52
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
E. Other Information:
1. Special Hazard Loss Amount: $ 3,139,304.00
---------------
2. Bankruptcy Loss Amount: $ 123,439.00
---------------
3. Fraud Loss Amount: $ 3,139,304.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class A7_1 $ 0.00
Class A7_2 $ 0.00
Class A8_1 $ 0.00
Class A8_2 $ 0.00
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class A7_1 $ 4,274,907.66
Class A7_2 $ 12,075,806.00
Class A8_1 $ 14,866,247.22
Class A8_2 $ 41,994,282.91
Exhibit 99.07
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-04, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 1,
1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 400,440.79
-------------
(b) Interest $ 2,980,202.13
-------------
(c) Total $ 3,380,642.92
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 335,379.11
-------------
(b) Interest $ 2,504,061.60
-------------
(c) Total $ 2,839,440.71
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 65,061.68
-------------
(b) Interest $ 476,140.53
-------------
(c) Total $ 541,202.21
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 74,502.68
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 18,888,483.47
--------------
(b) Interest $ 115,184.36
--------------
(c) Total $ 19,003,667.83
--------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
--------------
(b) Interest $ 0.00
--------------
(c) Total $ 0.00
--------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
--------------
(b) Interest $ 0.00
--------------
(c) Total $ 0.00
--------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $475,007,778.63
---------------
13. Available Funds: $ 22,143,069.80
---------------
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: $ 12,140.90
-------------
18. Total interest payments: $ 2,779,642.86
-------------
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 $ 422,587.71 $ 0.00 $ 422,587.71 % 6.500000041
A2 $ 455,094.45 $ 0.00 $ 455,094.45 % 6.999999939
A3 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A4 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A5 $ 684,751.50 $ 0.00 $ 684,751.50 % 6.749999996
A6 $ 477,789.50 $ 0.00 $ 477,789.50 % 5.800000000
A7 $ 263,608.00 $ 0.00 $ 263,608.00 % 9.600000000
A8 $ 338,295.12 $ 0.00 $ 338,295.12 % 6.749999963
M $ 62,054.84 $ 0.00 $ 62,054.84 % 6.750000346
B1 $ 30,188.09 $ 0.00 $ 30,188.09 % 6.750000938
B2 $ 15,091.25 $ 0.00 $ 15,091.25 % 6.749997984
B3 $ 13,418.17 $ 0.00 $ 13,418.17 % 6.750001795
B4 $ 6,707.97 $ 0.00 $ 6,707.97 % 6.750002264
B5 $ 10,056.26 $ 0.00 $ 10,056.26 % 6.749998473
20. Principal Distribution Amount: $ 19,363,426.94
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 6,394.65 $ 0.00
Class A1 $ 5,431,252.25 $ 0.00
Class A2 $ 5,431,252.25 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 8,474,726.48 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 8,935.41 $ 0.00
Class B1 $ 4,346.85 $ 0.00
Class B2 $ 2,173.02 $ 0.00
Class B3 $ 1,932.11 $ 0.00
Class B4 $ 965.90 $ 0.00
Class B5 $ 1,448.02 $ 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 % 0.00000000
Class A4 % 0.00000000
Class A6 % 5.80000000
Class A7 % 9.60000000
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 102,188.35
-----------
3. Supplemental Servicing Fee amount: $ 213,006.43
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.052725 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: % 4.947275
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.08
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-04, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 1,
1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
Weighted average coupon % 7.524512
---------------------
Weighted average maturity 345.59
---------------------
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 $ 29.51086355 $ 28.61644392 $ 0.00000000 % 0.00000000
A1 $ 50.27959610 $ 49.29038233 $ 3.91208848 % 6.50000004
A2 $ 66.51544627 $ 65.20680420 $ 5.57344956 % 6.99999994
A3 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A4 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A5 $ 50.27959609 $ 49.29038237 $ 4.06255340 % 6.75000000
A6 $ 0.00000000 $ 0.00000000 $ 4.83333333 % 5.80000000
A7 $ 0.00000000 $ 0.00000000 $ 8.00000000 % 9.60000000
A8 $ 0.00000000 $ 0.00000000 $ 5.62499997 % 6.74999996
M $ 0.80303855 $ 0.00000000 $ 5.57696055 % 6.75000035
B1 $ 0.80303898 $ 0.00000000 $ 5.57696102 % 6.75000094
B2 $ 0.80303769 $ 0.00000000 $ 5.57695861 % 6.74999798
B3 $ 0.80303824 $ 0.00000000 $ 5.57696176 % 6.75000180
B4 $ 0.80304290 $ 0.00000000 $ 5.57696209 % 6.75000226
B5 $ 0.80303693 $ 0.00000000 $ 5.57695898 % 6.74999847
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:
$ 102,188.35
-------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 475,007,778.63
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,588
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157REP6
PO $ 212,475.46 $ 206,080.80 $ 951.05 GEC9804PO
A1 $ 78,016,192.12 $ 72,584,939.87 $ 671.95 36157REF8
A2 $ 78,016,192.11 $ 72,584,939.87 $ 888.93 36157REG6
A3 $ 0.00 $ 0.00 $ 0.00 36157REH4
A4 $ 0.00 $ 0.00 $ 0.00 36157REJ0
A5 $ 121,733,600.07 $ 113,258,873.59 $ 671.95 36157REK7
A6 $ 98,853,000.00 $ 98,853,000.00 $ 1,000.00 36157REL5
A7 $ 32,951,000.00 $ 32,951,000.00 $ 1,000.00 36157REM3
A8 $ 60,141,355.00 $ 60,141,355.00 $ 1,000.00 36157REN1
SUP $ 481,600,912.90 $ 462,506,052.05 $ 786.33 GEC98004S
M $ 11,031,970.99 $ 11,023,035.57 $ 990.66 36157REQ4
B1 $ 5,366,770.81 $ 5,362,423.96 $ 990.66 36157RER2
B2 $ 2,682,889.69 $ 2,680,716.66 $ 990.66 36157RES0
B3 $ 2,385,451.81 $ 2,383,519.70 $ 990.66 36157RET8
B4 $ 1,192,527.60 $ 1,191,561.71 $ 990.66 36157REU5
B5 $ 1,787,779.96 $ 1,786,331.94 $ 990.66 36157REV3
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 13 Principal Balance $ 4,017,404.38
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 1 Principal Balance $ 250,257.47
-------- -------------
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 % 0.00000000
A4 % 0.00000000
A6 % 5.80000000
A7 % 9.60000000
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.9
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
FEBRUARY 1999
Home Equity Loan Pass-Through Certificates,
Series 1998-HE1
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
(1) Aggregate Monthly Payments Due: $1,233,091.66
---------
(2) Aggregate Monthly Payments received and Monthly Advances made
this Month:
(a) Principal $194,700.53
-----------
(b) Interest $998,299.91
-----------
(c) Total $1,193,000.44
-----------
(3) Aggregate Principal Prepayments in part received on Self-
Amortizing Mortgage Loans and applied in the applicable
Prepayment Period:
(a) Principal $22,394.30
--------
(c) Total $22,394.30
--------
(4) Aggregate Principal Prepayments in full received in the
applicable Prepayment period:
(a) Principal $3,424,609.54
-----------
(b) Interest $43,560.52
-----------
(c) Total $3,468,170.06
-----------
(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 $132,339,401.36
-------------
(11) Available Funds: $4,622,878.93
-------------
(12) Realized Losses for prior month: $0.00
-------------
(13) Aggregate Realized Losses: $0.00
-------------
(a) Deficient Valuations $0.00
-------------
(b) Special Hazard Losses $0.00
-------------
(c) Fraud Losses $0.00
-------------
(d) Excess Bankruptcy Losses $0.00
-------------
(e) Excess Special Hazard Losses $0.00
-------------
(f ) Excess Fraud Losses $0.00
-------------
(14) Compensating Interest Payment: $2,902.04
-------------
(15) Net Simple Interest Shortfall: ($0.00)
-------------
(16) Net Simple Interest Excess: $0.00
-------------
(17) Simple Interest Shortfall Payment: ($0.00)
-------------
(18) Unpaid Net Simple Interest Shortfall:
Class A1 36158GAV0 $0.00
------------- ---------------------
Class A2 36158GAW8 $0.00
------------- ---------------------
Class A3 36158GAX6 $0.00
------------- ---------------------
Class A4 36158GAY4 $0.00
------------- ---------------------
Class A5 36158GAZ1 $0.00
------------- ---------------------
Class A6 36158GBA5 $0.00
------------- ---------------------
Class A7 36158GBB3 $0.00
------------- ---------------------
Class S 36198HE1 $0.00
------------- ---------------------
Class M 36158GBE7 $0.00
------------- ---------------------
Class B1 36158GBF4 $0.00
------------- ---------------------
Class B2 36158GBC2 $0.00
------------- ---------------------
Class B3 36157REZ4 $0.00
------------- ---------------------
Class B4 36157RFA8 $0.00
------------- ---------------------
Class B5 36157RFB6 $0.00
------------- ---------------------
(19) Class Certificate Interest Rate:
Class M 36158GBE7 6.950%
------------- ---------------------
Class B1 36158GBF4 7.240%
------------- ---------------------
Class B2 36158GBC2 7.590%
------------- ---------------------
Class B3 36157REZ4 8.897%
------------- ---------------------
Class B4 36157RFA8 8.897%
------------- ---------------------
Class B5 36157RFB6 8.897%
------------- ---------------------
Class S 36198HE1 2.29%
------------- ---------------------
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 36158GAV0 $121,115.86 6.525%
------------- --------------------------
Class A2 36158GAW8 $102,768.33 6.260%
------------- --------------------------
Class A3 36158GAX6 $117,105.00 6.330%
------------- --------------------------
Class A4 36158GAY4 $56,886.67 6.440%
------------- --------------------------
Class A5 36158GAZ1 $70,197.50 6.530%
------------- --------------------------
Class A6 36158GBA5 $103,348.17 6.940%
------------- --------------------------
Class A7 36158GBB3 $76,540.21 6.465%
------------- --------------------------
Class S 36198HE1 $252,453.17 2.29%
------------- --------------------------
Class M 36158GBE7 $22,094.26 6.950%
------------- --------------------------
Class B1 36158GBF4 $20,715.75 7.240%
------------- --------------------------
Class B2 36158GBC2 $9,652.78 7.590%
------------- --------------------------
Class B3 36157REZ4 $11,314.67 8.897%
------------- --------------------------
Class B4 36157RFA8 $8,487.83 8.897%
------------- --------------------------
Class B5 36157RFB6 $8,494.36 8.897%
------------- --------------------------
Total $981,174.55
(21) Principal distributable:
Class A1 36158GAV0 $3,623,180.32
------------- ---------------------
Class A2 36158GAW8 $0.00
------------- ---------------------
Class A3 36158GAX6 $0.00
------------- ---------------------
Class A4 36158GAY4 $0.00
------------- ---------------------
Class A5 36158GAZ1 $0.00
------------- ---------------------
Class A6 36158GBA5 $0.00
------------- ---------------------
Class A7 36158GBB3 $0.00
------------- ---------------------
Class M 36158GBE7 $5,612.34
------------- ---------------------
Class B1 36158GBF4 $5,051.40
------------- ---------------------
Class B2 36158GBC2 $2,245.23
------------- ---------------------
Class B3 36157REZ4 $2,245.23
------------- ---------------------
Class B4 36157RFA8 $1,684.28
------------- ---------------------
Class B5 36157RFB6 $1,685.58
------------- ---------------------
Class R1 36158GBC1 $0.00
------------- ---------------------
Class R2 36158GBD9 $0.00
------------- ---------------------
Total $3,641,704.37
(22) Additional distributions to the Class R1 Certificate pursuant to
Section 2.05 (d) : $0.00
-----
(23) Additional distributions to the Class R2 Certificate pursuant to
Section 4.01 (b) : $0.00
-----
B. Other Amounts:
1) Senior Percentage for such
Distribution Date 90.485876%
----
2) Senior Prepayment Percentage
for such Distribution Date 100.00%
----
3) Junior Percentage for such
Distribution Date 9.514124%
----
4) Junior Prepayment Percentage
----
for such Distribution Date 0.00%
----
5) Subordinate Certfificate Writedown Amount
for such Distribution Date $0.00
----
6) Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class B1 X
-----------------------------------
Class B2 X
-----------------------------------
Class B3 X
-----------------------------------
Class B4 X
-----------------------------------
Class B5 X
-----------------------------------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
- ------------------------------------------
Name: Tim Neer
Title: Vice President of Investor Operations
Exhibit 99.10
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
FEBRUARY 1999
Home Equity Loan Pass-Through Certificates,
Series 1998-HE1
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
The amounts below are for a Single Certificate of $1,000:
(1) Amount of distribution allocable to principal:
Class A1 36158GAV0 $81.23722689
---------------- -------
Class A2 36158GAW8 $0.00000000
---------------- -------
Class A3 36158GAX6 $0.00000000
---------------- -------
Class A4 36158GAY4 $0.00000000
---------------- -------
Class A5 36158GAZ1 $0.00000000
---------------- -------
Class A6 36158GBA5 $0.00000000
---------------- -------
Class A7 36158GBB3 $0.00000000
---------------- -------
Class M 36158GBE7 $1.44946821
---------------- -------
Class B1 36158GBF4 $1.44946821
---------------- -------
Class B2 36158GBC2 $1.44946821
---------------- -------
Class B3 36157REZ4 $1.44946821
---------------- -------
Class B4 36157RFA8 $1.44946821
---------------- -------
Class B5 36157RFB6 $1.44946821
---------------- -------
Class R1 36158GBC1 $0.00000000
---------------- -------
Class R2 36158GBD9 $0.00000000
---------------- -------
(2) Aggregate Principal prepayments included in distribution:
Class A1 36158GAV0 $3,447,003.84
---------------- -----------
Class A2 36158GAW8 $0.00000000
---------------- -----------
Class A3 36158GAX6 $0.00000000
---------------- -----------
Class A4 36158GAY4 $0.00000000
---------------- -----------
Class A5 36158GAZ1 $0.00000000
---------------- -----------
Class A6 36158GBA5 $0.00000000
---------------- -----------
Class A7 36158GBB3 $0.00000000
---------------- -----------
Class M 36158GBE7 $0.00000000
---------------- -----------
Class B1 36158GBF4 $0.00000000
---------------- -----------
Class B2 36158GBC2 $0.00000000
---------------- -----------
Class B3 36157REZ4 $0.00000000
---------------- -----------
Class B4 36157RFA8 $0.00000000
---------------- -----------
Class B5 36157RFB6 $0.00000000
---------------- -----------
Class R1 36158GBC1 $0.00000000
---------------- -----------
Class R2 36158GBD9 $0.00000000
---------------- -----------
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 36158GAV0 $2.71560217 6.525%
-----------------------------------------------
Class A2 36158GAW8 $5.21666667 6.260%
-----------------------------------------------
Class A3 36158GAX6 $5.27500000 6.330%
-----------------------------------------------
Class A4 36158GAY4 $5.36666667 6.440%
-----------------------------------------------
Class A5 36158GAZ1 $5.44166667 6.530%
-----------------------------------------------
Class A6 36158GBA5 $5.78333333 6.940%
-----------------------------------------------
Class A7 36158GBB3 $5.38750000 6.465%
-----------------------------------------------
Class S 36198HE1 $1.90761910 2.29%
-----------------------------------------------
Class M 36158GBE7 $5.70616244 6.950%
-----------------------------------------------
Class B1 36158GBF4 $5.94426130 7.240%
-----------------------------------------------
Class B2 36158GBC2 $6.23162200 7.590%
-----------------------------------------------
Class B3 36157REZ4 $7.30449795 8.897%
-----------------------------------------------
Class B4 36157RFA8 $7.30449795 8.897%
-----------------------------------------------
Class B5 36157RFB6 $7.30449795 8.897%
-----------------------------------------------
(4) Servicing Compensation: $74,879.56
----------------
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $132,339,401.36
-------------
number of Mortgage Loans: 1,927
-------------
(6) Class Certificate Principal Balance of each Class; Certificate
Principal Balance of Single Certificate of each class:
Single
Certificate
Class Cusip# Class Balance Balance
--------------------------------------------------------------
Class A1 36158GAV0 $18,651,000.25 $418.18386216
------------------------------------------
Class A2 36158GAW8 $19,700,000.00 $1,000.00000000
------------------------------------------
Class A3 36158GAX6 $22,200,000.00 $1,000.00000000
------------------------------------------
Class A4 36158GAY4 $10,600,000.00 $1,000.00000000
------------------------------------------
Class A5 36158GAZ1 $12,900,000.00 $1,000.00000000
------------------------------------------
Class A6 36158GBA5 $17,870,000.00 $1,000.00000000
------------------------------------------
Class A7 36158GBB3 $14,207,000.00 $1,000.00000000
------------------------------------------
Class M 36158GBE7 $3,809,224.08 $983.78721178
------------------------------------------
Class B1 36158GBF4 $3,428,498.43 $983.78721178
------------------------------------------
Class B2 36158GBC2 $1,523,886.39 $983.78721178
------------------------------------------
Class B3 36157REZ4 $1,523,886.39 $983.78721178
------------------------------------------
Class B4 36157RFA8 $1,143,160.74 $983.78721178
------------------------------------------
Class B5 36157RFB6 $1,144,040.70 $983.78721178
------------------------------------------
Class R1 36158GBC1 $0.00 $0.00000000
------------------------------------------
Class R2 36158GBD9 $0.00 $0.00000000
------------------------------------------
(7) Book value of real estate acquired on behalf of Certificate-
holders; number of related Mortgage Loans: $0.00
-
0
-
(8) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $484,869.93
-----------
9
-----------
Two Payments Delinquent $232,765.46
-----------
6
-----------
Three or more Payments Delinquent $331,909.78
-----------
6
-----------
TOTAL $1,049,545.17
-----------
21
-----------
In foreclosure $1,365,470.77
-----------
21
-----
(9) Aggregate Scheduled Principal Balance and number of replaced
Mortgage Loans: $0.00
----
0
----
(10) Unpaid Net Simple Interest Shortfall:
Class A1 36157NFF6 $0.00
---------------- -------
Class A2 36157NFG4 $0.00
---------------- -------
Class A3 36157NFH2 $0.00
---------------- -------
Class A4 36157NFJ8 $0.00
---------------- -------
Class A5 36157NFK5 $0.00
---------------- -------
Class A6 36157NFL3 $0.00
---------------- -------
Class A7 36157NFM1 $0.00
---------------- -------
Class S 36197HE4 $0.00
---------------- -------
Class M 36157NFQ2 $0.00
---------------- -------
Class B1 36157NFR0 $0.00
---------------- -------
Class B2 36157NFS8 $0.00
---------------- -------
Class B3 36157NFT6 $0.00
---------------- -------
Class B4 36157NFU3 $0.00
---------------- -------
Class B5 36157NFV1 $0.00
---------------- -------
(11) Class Certificate Interest Rate of:
Class M 36157NFQ2 6.950%
---------------- -----
Class B1 36157NFR0 7.240%
---------------- -----
Class B2 36157NFS8 7.590%
---------------- -----
Class B3 36157NFT6 8.897%
---------------- -----
Class B4 36157NFU3 8.897%
---------------- -----
Class B5 36157NFV1 8.897%
---------------- -----
Class S 36197HE4 2.29%
---------------- -----
(12) Senior Percentage for such Distribution Date 90.485876%
-------------
(13) Senior Prepayment Percentage
for such Distribution Date 100.00%
----
(14) Junior Percentage for such
Distribution Date 9.514124%
----
(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/ Tim Neer
-----------------------------------
Name: Tim Neer
Title: Vice President
` Investor Operations
Exhibit 99.11
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-05, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 286,204.63
--------------
(b) Interest $ 2,120,141.06
--------------
(c) Total $ 2,406,345.69
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 248,744.32
--------------
(b) Interest $ 1,858,123.76
--------------
(c) Total $ 2,106,868.08
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 37,460.31
--------------
(b) Interest $ 262,017.30
--------------
(c) Total $ 299,477.61
--------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 209,366.97
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 11,202,503.24
--------------
(b) Interest $ 68,827.86
--------------
(c) Total $ 11,271,331.10
--------------
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: $ 339,969,080.11
---------------
13. Available Funds: $ 13,674,495.58
---------------
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: $ 7,839.38
-------------
18. Total interest payments: $ 1,976,420.73
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- -------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 1,448,089.18 $ 0.00 $1,448,089.18 % 6.750000017
A2 $ 71,055.00 $ 0.00 $ 71,055.00 % 6.750000000
A3 $ 239,517.05 $ 0.00 $ 239,517.05 % 6.749999982
A4 $ 118,659.38 $ 0.00 $ 118,659.38 % 6.749999716
M $ 45,833.81 $ 0.00 $ 45,833.81 % 6.749999850
B1 $ 19,820.03 $ 0.00 $ 19,820.03 % 6.750000822
B2 $ 11,148.76 $ 0.00 $ 11,148.76 % 6.749998358
B3 $ 9,910.01 $ 0.00 $ 9,910.01 % 6.749997416
B4 $ 4,955.00 $ 0.00 $ 4,955.00 % 6.749998229
B5 $ 7,432.52 $ 0.00 $ 7,432.52 % 6.749999586
20. Principal Distribution Amount: $ 11,698,074.85
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 461.42 $ 0.00
Class A1 $ 11,683,278.25 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 6,630.02 $ 0.00
Class B1 $ 2,867.03 $ 0.00
Class B2 $ 1,612.71 $ 0.00
Class B3 $ 1,433.52 $ 0.00
Class B4 $ 716.76 $ 0.00
Class B5 $ 1,075.14 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ -0.01
--------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
--------------
24. Subordinate Certificate Writedown Amount: $ 0.00
--------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 69,411.25
-----------
3. Supplemental Servicing Fee amount: $ 140,639.30
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 94.985879 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 5.014121
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.12
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-05, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.482097
---------------------
Weighted average maturity 346.09
---------------------
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 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
PO $ 1.34671624 $ 0.44590895 $ 0.00000000 % 0.00000000
A1 $ 33.42853286 $ 32.65153520 $ 4.14331455 % 6.75000002
A2 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A3 $ 0.00000000 $ 0.00000000 $ 5.62499999 % 6.74999998
A4 $ 0.00000000 $ 0.00000000 $ 5.62499976 % 6.74999972
M $ 0.80733010 $ 0.00000000 $ 5.58113162 % 6.74999985
B1 $ 0.80732845 $ 0.00000000 $ 5.58113242 % 6.75000082
B2 $ 0.80733147 $ 0.00000000 $ 5.58113038 % 6.74999836
B3 $ 0.80733127 $ 0.00000000 $ 5.58112961 % 6.74999742
B4 $ 0.80733217 $ 0.00000000 $ 5.58113026 % 6.74999823
B5 $ 0.80733017 $ 0.00000000 $ 5.58113141 % 6.74999959
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:
$ 69,411.25
------------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 339,969,080.11
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,130
-------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36158GAK4
PO $ 303,467.86 $ 303,006.44 $ 884.36 GEC9805PO
A1 $ 257,438,075.81 $ 245,754,797.56 $ 703.16 36158GAF5
A2 $ 12,632,000.00 $ 12,632,000.00 $ 1,000.00 36158GAG3
A3 $ 42,580,809.00 $ 42,580,809.00 $ 1,000.00 36158GAH1
A4 $ 21,095,000.00 $ 21,095,000.00 $ 1,000.00 36158GAJ7
SUP $ 336,649,979.58 $ 324,973,930.96 $ 759.93 GEC98005S
M $ 8,148,233.07 $ 8,141,603.06 $ 991.39 36158GAL2
B1 $ 3,523,560.46 $ 3,520,693.43 $ 991.39 36158GAM0
B2 $ 1,982,002.26 $ 1,980,389.56 $ 991.39 36158GAN8
B3 $ 1,761,780.23 $ 1,760,346.71 $ 991.39 36157REW1
B4 $ 880,889.12 $ 880,172.37 $ 991.39 36157REX9
B5 $ 1,321,336.97 $ 1,320,261.83 $ 991.39 36157REY7
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 12 Principal Balance $ 2,975,013.30
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 1 Principal Balance $ 637,546.41
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.13
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-6A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 140,302.94
--------------
(b) Interest $ 1,030,643.94
--------------
(c) Total $ 1,170,946.88
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 109,304.48
--------------
(b) Interest $ 803,514.97
--------------
(c) Total $ 912,819.45
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 30,998.46
--------------
(b) Interest $ 227,128.97
--------------
(c) Total $ 258,127.43
--------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 29,898.99
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,658,300.43
--------------
(b) Interest $ 28,252.31
--------------
(c) Total $ 4,686,552.74
--------------
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: $ 166,630,794.04
---------------
13. Available Funds: $ 5,791,947.61
---------------
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: $ 3,441.18
-------------
18. Total interest payments: $ 963,445.25
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
1PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 550,189.14 $ 0.00 $ 550,189.14 % 6.750000040
1A2 $ 182,835.00 $ 0.00 $ 182,835.00 % 6.750000000
1A3 $ 38,908.58 $ 0.00 $ 38,908.58 % 5.800000745
1A4 $ 21,466.80 $ 0.00 $ 21,466.80 % 9.600000000
1A5 $ 23,062.50 $ 0.00 $ 23,062.50 % 6.750000000
1A6 $ 101,700.00 $ 0.00 $ 101,700.00 % 6.750000000
1R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1M $ 20,945.07 $ 0.00 $ 20,945.07 % 6.750000290
1B1 $ 9,057.78 $ 0.00 $ 9,057.78 % 6.750000210
1B2 $ 5,095.35 $ 0.00 $ 5,095.35 % 6.750000149
1B3 $ 4,526.10 $ 0.00 $ 4,526.10 % 6.750000923
1B4 $ 2,264.17 $ 0.00 $ 2,264.17 % 6.750012260
1B5 $ 3,394.76 $ 0.00 $ 3,394.76 % 6.749991487
20. Principal Distribution Amount: $ 4,828,502.36
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 194.01 $ 0.00
Class 1A1 $ 4,821,721.79 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class 1A6 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1M $ 3,046.51 $ 0.00
Class 1B1 $ 1,317.48 $ 0.00
Class 1B2 $ 741.13 $ 0.00
Class 1B3 $ 658.33 $ 0.00
Class 1B4 $ 329.33 $ 0.00
Class 1B5 $ 493.78 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement: $ 0.00
---------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement: $ 0.00
---------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
----------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 1A3 % 5.80000075
Class 1A4 % 9.60000000
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 34,517.93
----------
3. Supplemental Servicing Fee amount: $ 59,478.62
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 95.299865 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: % 4.700135
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.14
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-6A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.419193
----------------------
Weighted average maturity 347.14
----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
1PO $ 1.06676857 $ 0.14681058 $ 0.00000000 %0.00000000
1A1 $ 37.33832386 $ 36.30415004 $ 4.26054036 %6.75000004
1A2 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
1A3 $ 0.00000000 $ 0.00000000 $ 4.83333395 %5.80000075
1A4 $ 0.00000000 $ 0.00000000 $ 8.00000000 %9.60000000
1A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
1A6 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
1R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
1M $ 0.81175326 $ 0.00000000 $ 5.58088729 %6.75000029
1B1 $ 0.81175601 $ 0.00000000 $ 5.58088725 %6.75000021
1B2 $ 0.81175246 $ 0.00000000 $ 5.58088719 %6.75000015
1B3 $ 0.81175092 $ 0.00000000 $ 5.58088779 %6.75000092
1B4 $ 0.81175746 $ 0.00000000 $ 5.58089721 %6.75001226
1B5 $ 0.81175898 $ 0.00000000 $ 5.58087998 %6.74999149
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 34,517.93
-----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 166,630,794.04
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 544
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
1PO $ 180,142.63 $ 179,948.61 $ 989.45 GEC986PO1
1A1 $ 97,811,402.08 $ 92,989,680.30 $ 720.09 36158GBH0
1A2 $ 32,504,000.00 $ 32,504,000.00 $ 1,000.00 36158GBJ6
1A3 $ 8,050,050.00 $ 8,050,050.00 $ 1,000.00 36158GBK3
1A4 $ 2,683,350.00 $ 2,683,350.00 $ 1,000.00 36158GBL1
1A5 $ 4,100,000.00 $ 4,100,000.00 $ 1,000.00 36158GBM9
1A6 $ 18,080,000.00 $ 18,080,000.00 $ 1,000.00 36158GBN7
SUP1 $ 163,123,283.70 $ 158,304,090.94 $ 814.19 GE986SUP1
1R $ 0.00 $ 0.00 $ 0.00 36158GCD8
1M $ 3,723,567.84 $ 3,720,521.33 $ 991.35 36158GBP2
1B1 $ 1,610,271.95 $ 1,608,954.47 $ 991.35 36158GBQ0
1B2 $ 905,839.98 $ 905,098.85 $ 991.35 36158GBR8
1B3 $ 804,639.89 $ 803,981.56 $ 991.35 36158GCE6
1B4 $ 402,518.38 $ 402,189.05 $ 991.35 36158GCF3
1B5 $ 603,513.65 $ 603,019.88 $ 991.35 36158GCG1
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 3 Principal Balance $ 986,257.01
-------- -----------
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 3 Principal Balance $ 794,088.36
-------- -----------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -----------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
1A3 % 5.80000075
1A4 % 9.60000000
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: %0.00000000
-----------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class 1A5_1 $ 0.00
Class 1A5_2 $ 0.00
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class 1A5_1 $ 1,780,000.00
Class 1A5_2 $ 2,320,000.00
Exhibit 99.15
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-6B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 214,275.85
-------------
(b) Interest $ 1,579,746.89
-------------
(c) Total $ 1,794,022.74
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 188,167.32
-------------
(b) Interest $ 1,386,982.71
-------------
(c) Total $ 1,575,150.03
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 26,108.53
-------------
(b) Interest $ 192,764.18
-------------
(c) Total $ 218,872.71
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 49,092.10
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 10,709,287.38
--------------
(b) Interest $ 62,342.46
--------------
(c) Total $ 10,771,629.84
--------------
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: $255,088,159.58
---------------
13. Available Funds: $ 12,468,290.60
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
---------------
17. Compensating Interest Payment: $ 8,127.56
---------------
18. Total interest payments: $ 1,495,635.28
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------- ------------
2PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
2A1 $ 0.00 $ 0.00 $ 0.00 %0.000000000
2A2 $ 319,241.62 $ 0.00 $ 319,241.62 %6.750000035
2A3 $ 536,282.83 $ 0.00 $ 536,282.83 %6.749999981
2A4 $ 107,082.06 $ 0.00 $ 107,082.06 %6.749999903
2A5 $ 90,759.38 $ 0.00 $ 90,759.38 %6.750000372
2A6 $ 120,248.50 $ 0.00 $ 120,248.50 %5.800000000
2A7 $ 66,344.00 $ 0.00 $ 66,344.00 %9.600000000
2A8 $ 182,812.50 $ 0.00 $ 182,812.50 %6.750000000
2M $ 33,698.72 $ 0.00 $ 33,698.72 %6.749999003
2B1 $ 14,572.27 $ 0.00 $ 14,572.27 %6.749999629
2B2 $ 8,198.65 $ 0.00 $ 8,198.65 %6.750002954
2B3 $ 7,286.14 $ 0.00 $ 7,286.14 %6.750004262
2B4 $ 3,643.07 $ 0.00 $ 3,643.07 %6.750004262
2B5 $ 5,465.54 $ 0.00 $ 5,465.54 %6.750000386
20. Principal Distribution Amount: $ 10,972,655.32
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 2,874.74 $ 0.00
Class 2A1 $ 0.00 $ 0.00
Class 2A2 $ 4,265,701.09 $ 0.00
Class 2A3 $ 5,579,552.97 $ 0.00
Class 2A4 $ 1,114,095.03 $ 0.00
Class 2A5 $ 0.00 $ 0.00
Class 2A6 $ 0.00 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class 2A8 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2M $ 4,824.42 $ 0.00
Class 2B1 $ 2,086.21 $ 0.00
Class 2B2 $ 1,173.74 $ 0.00
Class 2B3 $ 1,043.11 $ 0.00
Class 2B4 $ 521.55 $ 0.00
Class 2B5 $ 782.46 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 2A6 % 5.80000000
Class 2A7 % 9.60000000
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 53,052.64
----------
3. Supplemental Servicing Fee amount: $ 94,315.64
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 95.128198 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: % 4.871802
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.16
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-6B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.42837
------------------------
Weighted average maturity 346.72
------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
2PO $ 16.72605195 $ 15.81845792 $ 0.00000000 %0.00000000
2A1 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
2A2 $ 53.19160908 $ 52.20300006 $ 3.98081701 %6.75000004
2A3 $ 44.28216643 $ 43.45914659 $ 4.25621294 %6.74999998
2A4 $ 50.85102150 $ 49.90591401 $ 4.88758318 %6.74999990
2A5 $ 0.00000000 $ 0.00000000 $ 5.62500031 %6.75000037
2A6 $ 0.00000000 $ 0.00000000 $ 4.83333333 %5.80000000
2A7 $ 0.00000000 $ 0.00000000 $ 8.00000000 %9.60000000
2A8 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2M $ 0.79900961 $ 0.00000000 $ 5.58110633 %6.74999900
2B1 $ 0.79900804 $ 0.00000000 $ 5.58110686 %6.74999963
2B2 $ 0.79900613 $ 0.00000000 $ 5.58110960 %6.75000295
2B3 $ 0.79901187 $ 0.00000000 $ 5.58111069 %6.75000426
2B4 $ 0.79900421 $ 0.00000000 $ 5.58111069 %6.75000426
2B5 $ 0.79900492 $ 0.00000000 $ 5.58110749 %6.75000039
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:
$ 53,052.64
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 255,088,159.58
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 832
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
2PO $ 170,100.01 $ 167,225.27 $ 972.96 GEC986PO2
2A1 $ 0.00 $ 0.00 $ 0.00 36158GBS6
2A2 $ 56,754,065.48 $ 52,488,364.38 $ 654.51 36158GBT4
2A3 $ 95,339,170.04 $ 89,759,617.07 $ 712.38 36158GBU1
2A4 $ 19,036,810.94 $ 17,922,715.92 $ 818.05 36158GBV9
2A5 $ 16,135,000.00 $ 16,135,000.00 $ 1,000.00 36158GBW7
2A6 $ 24,879,000.00 $ 24,879,000.00 $ 1,000.00 36158GBX5
2A7 $ 8,293,000.00 $ 8,293,000.00 $ 1,000.00 36158GBY3
2A8 $ 32,500,000.00 $ 32,500,000.00 $ 1,000.00 36158GBZ0
SUP2 $ 256,635,913.19 $ 246,147,054.12 $ 776.81 GE986SUP2
2M $ 5,990,884.44 $ 5,986,060.03 $ 991.40 36158GCA4
2B1 $ 2,590,625.92 $ 2,588,539.70 $ 991.40 36158GCB2
2B2 $ 1,457,537.14 $ 1,456,363.40 $ 991.40 36158GCC0
2B3 $ 1,295,312.96 $ 1,294,269.85 $ 991.40 36158GCH9
2B4 $ 647,656.48 $ 647,134.93 $ 991.40 36158GCJ5
2B5 $ 971,651.50 $ 970,869.03 $ 991.40 36158GCK2
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 9 Principal Balance $ 3,235,375.23
-------- -------------
2. 60-89 days
Number 3 Principal Balance $ 779,484.80
-------- -------------
3. 90 days or more
Number 1 Principal Balance $ 239,773.96
-------- -------------
4. In Foreclosure
Number 1 Principal Balance $ 295,157.89
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
2A6 % 5.80000000
2A7 % 9.60000000
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class N/A $ N/A
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class N/A $ N/A
Exhibit 99.17
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-07, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 497,225.37
-------------
(b) Interest $ 831,801.52
-------------
(c) Total $ 1,329,026.89
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 334,772.49
-------------
(b) Interest $ 565,300.31
-------------
(c) Total $ 900,072.80
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 162,452.88
-------------
(b) Interest $ 266,501.21
-------------
(c) Total $ 428,954.09
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 91,079.64
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,856,234.25
-------------
(b) Interest $ 17,002.77
-------------
(c) Total $ 2,873,237.02
-------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $138,791,970.65
---------------
13. Available Funds: $ 4,213,467.70
---------------
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: $ 2,602.68
-------------
18. Total interest payments: $ 768,928.46
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A $ 748,520.79 $ 0.00 $ 748,520.79 % 6.500000018
M $ 9,072.65 $ 0.00 $ 9,072.65 % 6.499998328
B1 $ 2,267.00 $ 0.00 $ 2,267.00 % 6.499989236
B2 $ 2,267.00 $ 0.00 $ 2,267.00 % 6.499989236
B3 $ 3,627.20 $ 0.00 $ 3,627.20 % 6.499992944
B4 $ 1,813.60 $ 0.00 $ 1,813.60 % 6.499992847
B5 $ 1,360.22 $ 0.00 $ 1,360.22 % 6.500022221
20. Principal Distribution Amount: $ 3,444,539.24
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,045.04 $ 0.00
Class A $ 3,430,325.18 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 5,854.56 $ 0.00
Class B1 $ 1,462.89 $ 0.00
Class B2 $ 1,462.89 $ 0.00
Class B3 $ 2,340.63 $ 0.00
Class B4 $ 1,170.31 $ 0.00
Class B5 $ 877.74 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement: $ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement: $ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
----------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 28,751.09
----------
3. Supplemental Servicing Fee amount: $ 49,708.08
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 97.345958 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: % 2.654042
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
--------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.18
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-07, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.170828
---------------------
Weighted average maturity 166.71
---------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
PO $ 3.56713988 $ 0.02607838 $ 0.00000000 % 0.00000000
A $ 20.31340783 $ 17.45310742 $ 4.43252674 % 6.50000002
M $ 3.38128321 $ 0.00000000 $ 5.23988123 % 6.49999833
B1 $ 3.38127883 $ 0.00000000 $ 5.23987389 % 6.49998924
B2 $ 3.38127883 $ 0.00000000 $ 5.23987389 % 6.49998924
B3 $ 3.38128946 $ 0.00000000 $ 5.23987692 % 6.49999294
B4 $ 3.38127501 $ 0.00000000 $ 5.23987692 % 6.49999285
B5 $ 3.38126925 $ 0.00000000 $ 5.23990027 % 6.50002222
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:
$ 28,751.09
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 138,791,970.65
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 443
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36158GAB4
PO $ 280,484.72 $ 279,439.68 $ 953.84 GEC9807PO
A $ 138,188,453.15 $ 134,758,127.97 $ 798.00 36158GAA6
SUP $ 132,576,716.70 $ 129,168,513.01 $ 793.83 GEC987SUP
M $ 1,674,951.20 $ 1,669,096.64 $ 963.98 36158GAC2
B1 $ 418,523.77 $ 417,060.88 $ 963.98 36158GAD0
B2 $ 418,523.77 $ 417,060.88 $ 963.98 36158GAE8
B3 $ 669,637.65 $ 667,297.03 $ 963.98 36158GAP3
B4 $ 334,818.83 $ 333,648.52 $ 963.98 36158GAQ1
B5 $ 251,116.68 $ 250,238.94 $ 963.98 36158GAR9
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 4 Principal Balance $ 1,306,758.06
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 383,766.27
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------
2. Bankruptcy Loss Amount: $ 0.00
------------
3. Fraud Loss Amount: $ 0.00
------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.19
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-08A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 362,579.98
-------------
(b) Interest $ 2,635,824.62
-------------
(c) Total $ 2,998,404.60
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 340,395.76
-------------
(b) Interest $ 2,475,159.30
-------------
(c) Total $ 2,815,555.06
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 22,184.22
-------------
(b) Interest $ 160,665.32
-------------
(c) Total $ 182,849.54
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 71,537.58
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 7,665,266.43
-------------
(b) Interest $ 46,705.83
-------------
(c) Total $ 7,711,972.26
-------------
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: $426,343,128.88
---------------
13. Available Funds: $ 10,540,209.54
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 3,691.38
-------------
18. Total interest payments: $ 2,440,825.56
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
1PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 969,640.19 $ 0.00 $ 969,640.19 % 6.749999995
1A2 $ 13,408.20 $ 0.00 $ 13,408.20 % 6.750000906
1A3 $ 1,041,166.69 $ 0.00 $1,041,166.69 % 6.750000011
1A4 $ 134,628.27 $ 0.00 $ 134,628.27 % 6.750000188
1A5 $ 163,125.00 $ 0.00 $ 163,125.00 % 6.750000000
1R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1M $ 58,728.72 $ 0.00 $ 58,728.72 % 6.749999660
1B1 $ 22,372.31 $ 0.00 $ 22,372.31 % 6.749998499
1B2 $ 12,582.33 $ 0.00 $ 12,582.33 % 6.749998451
1B3 $ 11,186.16 $ 0.00 $ 11,186.16 % 6.750001516
1B4 $ 5,595.87 $ 0.00 $ 5,595.87 % 6.749998666
1B5 $ 8,391.82 $ 0.00 $ 8,391.82 % 6.750001091
20. Principal Distribution Amount: $ 8,099,383.98
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 574.46 $ 0.00
Class 1A1 $ 3,374,652.14 $ 0.00
Class 1A2 $ 75,304.42 $ 0.00
Class 1A3 $ 4,631,221.92 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1M $ 8,711.70 $ 0.00
Class 1B1 $ 3,318.66 $ 0.00
Class 1B2 $ 1,866.44 $ 0.00
Class 1B3 $ 1,659.33 $ 0.00
Class 1B4 $ 830.08 $ 0.00
Class 1B5 $ 1,244.83 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement: $ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement: $ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 84,402.31
-----------
3. Supplemental Servicing Fee amount: $ 151,507.61
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.130450 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: % 4.869550
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.20
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-08A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.415243
---------------------
Weighted average maturity 346.56
---------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
1PO $ 1.08596447 $ 0.11661934 $ 0.00000000 % 0.00000000
1A1 $ 16.87326070 $ 16.15408820 $ 4.84820095 % 6.74999999
1A2 $ 25.10147333 $ 24.03159667 $ 4.46940000 % 6.75000091
1A3 $ 20.76781130 $ 19.88264520 $ 4.66890892 % 6.75000001
1A4 $ 0.00000000 $ 0.00000000 $ 5.62500016 % 6.75000019
1A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1M $ 0.82842335 $ 0.00000000 $ 5.58470141 % 6.74999966
1B1 $ 0.82842237 $ 0.00000000 $ 5.58470045 % 6.74999850
1B2 $ 0.82842432 $ 0.00000000 $ 5.58470040 % 6.74999845
1B3 $ 0.82842237 $ 0.00000000 $ 5.58470295 % 6.75000152
1B4 $ 0.82842315 $ 0.00000000 $ 5.58470060 % 6.74999867
1B5 $ 0.82842641 $ 0.00000000 $ 5.58470259 % 6.75000109
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:
$ 84,402.31
-------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 426,343,128.88
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,428
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
1PO $ 517,968.58 $ 517,394.11 $ 978.09 GEC9881PO
1A1 $ 172,380,478.36 $ 169,005,826.22 $ 845.03 36157RFC4
1A2 $ 2,383,679.68 $ 2,308,375.26 $ 769.46 36157RFD2
1A3 $ 185,096,300.15 $ 180,465,078.23 $ 809.26 36157RFE0
1A4 $ 23,933,914.00 $ 23,933,914.00 $ 1,000.00 36157RFF7
1A5 $ 29,000,000.00 $ 29,000,000.00 $ 1,000.00 36157RFG5
SUP1 $ 410,925,174.19 $ 402,852,026.90 $ 845.36 GE988SUP1
1R $ 0.00 $ 0.00 $ 0.00 36157RFL4
1M $ 10,440,661.86 $ 10,431,950.16 $ 992.01 36157RFH3
1B1 $ 3,977,300.44 $ 3,973,981.77 $ 992.01 36157RFJ9
1B2 $ 2,236,859.18 $ 2,234,992.74 $ 992.01 36157RFK6
1B3 $ 1,988,650.22 $ 1,986,990.89 $ 992.01 36158GCL0
1B4 $ 994,821.53 $ 993,991.45 $ 992.01 36158GCM8
1B5 $ 1,491,878.87 $ 1,490,634.05 $ 992.01 36158GCN6
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 10 Principal Balance $ 2,853,650.63
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 317,172.83
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.21
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-08B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 122,108.35
-------------
(b) Interest $ 907,205.64
-------------
(c) Total $ 1,029,313.99
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 119,043.62
-------------
(b) Interest $ 881,724.31
-------------
(c) Total $ 1,000,767.93
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 3,064.73
-------------
(b) Interest $ 25,481.33
-------------
(c) Total $ 28,546.06
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 29,324.85
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,983,676.93
-------------
(b) Interest $ 17,798.73
-------------
(c) Total $ 3,001,475.66
-------------
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: $146,819,867.65
---------------
13. Available Funds: $ 3,978,258.21
---------------
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: $ 1,551.37
------------
18. Total interest payments: $ 843,148.08
------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
2PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
2A1 $ 320,428.11 $ 0.00 $ 320,428.11 %6.749999955
2A2 $ 88,229.17 $ 0.00 $ 88,229.17 %7.000000264
2A3 $ 14,583.33 $ 0.00 $ 14,583.33 %6.999998400
2A4 $ 16,041.67 $ 0.00 $ 16,041.67 %7.000001455
2A5 $ 24,062.50 $ 0.00 $ 24,062.50 %7.000000000
2A6 $ 25,211.49 $ 0.00 $ 25,211.49 %7.000001157
2A7 $ 21,145.83 $ 0.00 $ 21,145.83 %6.999998897
2A8 $ 21,145.83 $ 0.00 $ 21,145.83 %6.999998897
2A9 $ 21,145.83 $ 0.00 $ 21,145.83 %6.999998897
2A10 $ 21,145.83 $ 0.00 $ 21,145.83 %6.999998897
2A11 $ 21,145.83 $ 0.00 $ 21,145.83 %6.999998897
2A12 $ 58,587.58 $ 0.00 $ 58,587.58 %6.200000335
2A13 $ 51,666.67 $ 0.00 $ 51,666.67 %6.200000400
2A14 $ 98,437.50 $ 0.00 $ 98,437.50 %6.750000000
2R $ 0.00 $ 0.00 $ 0.00 %0.000000000
2M $ 19,102.77 $ 0.00 $ 19,102.77 %6.750000616
2B1 $ 7,836.60 $ 0.00 $ 7,836.60 %6.749997012
2B2 $ 3,921.09 $ 0.00 $ 3,921.09 %6.749992221
2B3 $ 3,921.09 $ 0.00 $ 3,921.09 %6.749992221
2B4 $ 1,954.96 $ 0.00 $ 1,954.96 %6.749994260
2B5 $ 3,434.40 $ 0.00 $ 3,434.40 %6.749991930
20. Principal Distribution Amount: $ 3,135,110.13
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 72.41 $ 0.00
Class 2A1 $ 3,129,222.70 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 0.00 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 0.00 $ 0.00
Class 2A6 $ 0.00 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class 2A8 $ 0.00 $ 0.00
Class 2A9 $ 0.00 $ 0.00
Class 2A10 $ 0.00 $ 0.00
Class 2A11 $ 0.00 $ 0.00
Class 2A12 $ 0.00 $ 0.00
Class 2A13 $ 0.00 $ 0.00
Class 2A14 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2M $ 2,765.26 $ 0.00
Class 2B1 $ 1,134.40 $ 0.00
Class 2B2 $ 567.61 $ 0.00
Class 2B3 $ 567.61 $ 0.00
Class 2B4 $ 282.99 $ 0.00
Class 2B5 $ 497.15 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
--------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
--------------
24. Subordinate Certificate Writedown Amount: $ 0.00
--------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 29,403.94
----------
3. Supplemental Servicing Fee amount: $ 50,720.94
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 95.235603 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: % 4.764397
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.22
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-08B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.408836
----------------------
Weighted average maturity 348.00
----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
2PO $ 1.15654299 $ 0.24756824 $ 0.00000000 %0.00000000
2A1 $ 37.99924267 $ 36.58774328 $ 3.89107030 %6.74999996
2A2 $ 0.00000000 $ 0.00000000 $ 5.83333355 %7.00000026
2A3 $ 0.00000000 $ 0.00000000 $ 5.83333200 %6.99999840
2A4 $ 0.00000000 $ 0.00000000 $ 5.83333455 %7.00000145
2A5 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
2A6 $ 0.00000000 $ 0.00000000 $ 5.83333430 %7.00000116
2A7 $ 0.00000000 $ 0.00000000 $ 5.83333241 %6.99999890
2A8 $ 0.00000000 $ 0.00000000 $ 5.83333241 %6.99999890
2A9 $ 0.00000000 $ 0.00000000 $ 5.83333241 %6.99999890
2A10 $ 0.00000000 $ 0.00000000 $ 5.83333241 %6.99999890
2A11 $ 0.00000000 $ 0.00000000 $ 5.83333241 %6.99999890
2A12 $ 0.00000000 $ 0.00000000 $ 5.16666695 %6.20000034
2A13 $ 0.00000000 $ 0.00000000 $ 5.16666700 %6.20000040
2A14 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
2M $ 0.80855556 $ 0.00000000 $ 5.58560526 %6.75000062
2B1 $ 0.80855310 $ 0.00000000 $ 5.58560228 %6.74999701
2B2 $ 0.80856125 $ 0.00000000 $ 5.58559829 %6.74999222
2B3 $ 0.80856125 $ 0.00000000 $ 5.58559829 %6.74999222
2B4 $ 0.80854286 $ 0.00000000 $ 5.58560000 %6.74999426
2B5 $ 0.80854883 $ 0.00000000 $ 5.58559810 %6.74999193
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 29,403.94
-----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 146,819,867.65
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 471
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
2PO $ 61,982.01 $ 61,909.60 $ 988.83 GEC9882PO
2A1 $ 56,964,997.71 $ 53,835,775.01 $ 653.75 36157RFM2
2A2 $ 15,125,000.00 $ 15,125,000.00 $ 1,000.00 36157RFN0
2A3 $ 2,500,000.00 $ 2,500,000.00 $ 1,000.00 36157RFP5
2A4 $ 2,750,000.00 $ 2,750,000.00 $ 1,000.00 36157RFQ3
2A5 $ 4,125,000.00 $ 4,125,000.00 $ 1,000.00 36157RFR1
2A6 $ 4,321,969.00 $ 4,321,969.00 $ 1,000.00 36157RFS9
2A7 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFT7
2A8 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFU4
2A9 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFV2
2A10 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFW0
2A11 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFX8
2A12 $ 11,339,531.00 $ 11,339,531.00 $ 1,000.00 36157RFY6
2A13 $ 10,000,000.00 $ 10,000,000.00 $ 1,000.00 36157RFZ3
2A14 $ 17,500,000.00 $ 17,500,000.00 $ 1,000.00 36157RGA7
SUP2 $ 145,597,828.45 $ 142,467,968.64 $ 833.20 GE988SUP2
2R $ 0.00 $ 0.00 $ 0.00 36157RGE9
2M $ 3,396,047.69 $ 3,393,282.43 $ 992.19 36157RGB5
2B1 $ 1,393,173.95 $ 1,392,039.55 $ 992.19 36157RGC3
2B2 $ 697,083.47 $ 696,515.87 $ 992.19 36157RGD1
2B3 $ 697,083.47 $ 696,515.87 $ 992.19 36158GCP1
2B4 $ 347,548.74 $ 347,265.75 $ 992.19 36158GCQ9
2B5 $ 610,560.73 $ 610,063.58 $ 992.19 36158GCR7
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 1 Principal Balance $ 595,990.84
-------- -----------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -----------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -----------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -----------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -----------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.23
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-09, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 567,646.36
--------------
(b) Interest $ 4,069,904.45
--------------
(c) Total $ 4,637,550.81
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 537,276.92
--------------
(b) Interest $ 3,854,761.84
--------------
(c) Total $ 4,392,038.76
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 30,369.44
--------------
(b) Interest $ 215,142.61
--------------
(c) Total $ 245,512.05
--------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 124,633.76
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 8,989,961.73
--------------
(b) Interest $ 55,066.76
--------------
(c) Total $ 9,045,028.49
--------------
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: $ 662,034,620.20
---------------
13. Available Funds: $ 13,456,158.77
---------------
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: $ 2,808.11
--------------
18. Total interest payments: $ 3,773,916.91
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 264,722.72 $ 0.00 $ 264,722.72 %6.500000102
A2 $ 295,959.73 $ 0.00 $ 295,959.73 %6.499999927
A3 $ 989,056.79 $ 0.00 $ 989,056.79 %6.999999996
A4 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A5 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A6 $ 70,757.41 $ 0.00 $ 70,757.41 %6.027339962
A7 $ 29,085.00 $ 0.00 $ 29,085.00 %7.000000000
A8 $ 287,859.38 $ 0.00 $ 287,859.38 %6.749999883
A10 $ 776,023.26 $ 0.00 $ 776,023.26 %6.750000018
A11 $ 113,917.50 $ 0.00 $ 113,917.50 %6.750000000
A12 $ 128,700.00 $ 0.00 $ 128,700.00 %6.750000000
A13 $ 130,481.72 $ 0.00 $ 130,481.72 %6.750000065
A14 $ 29,166.67 $ 0.00 $ 29,166.67 %7.000000800
A15 $ 178,750.00 $ 0.00 $ 178,750.00 %6.500000000
A9 $ 28,439.71 $ 0.00 $ 28,439.71 %6.750000593
A16 $ 29,027.57 $ 0.00 $ 29,027.57 %9.537402721
A17 $ 125,966.81 $ 0.00 $ 125,966.81 %6.749999866
A18 $ 55,575.00 $ 0.00 $ 55,575.00 %6.750000000
A19 $ 72,406.40 $ 0.00 $ 72,406.40 %6.749999534
RL $ 0.00 $ 0.00 $ 0.00 %0.000000000
M $ 77,709.14 $ 0.00 $ 77,709.14 %6.750000079
B1 $ 33,604.10 $ 0.00 $ 33,604.10 %6.749999381
B2 $ 18,900.56 $ 0.00 $ 18,900.56 %6.749999449
B3 $ 16,804.85 $ 0.00 $ 16,804.85 %6.750001692
B4 $ 8,399.63 $ 0.00 $ 8,399.63 %6.750001110
B5 $ 12,602.97 $ 0.00 $ 12,602.97 %6.750000693
20. Principal Distribution Amount: $ 9,682,241.86
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 928.44 $ 0.00
Class A1 $ 0.00 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 6,268,824.93 $ 0.00
Class A4 $ 232,178.71 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A10 $ 3,155,072.04 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class A13 $ 0.00 $ 0.00
Class A14 $ 0.00 $ 0.00
Class A15 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A16 $ 0.00 $ 0.00
Class A17 $ 0.00 $ 0.00
Class A18 $ 0.00 $ 0.00
Class A19 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 11,672.35 $ 0.00
Class B1 $ 5,047.53 $ 0.00
Class B2 $ 2,838.97 $ 0.00
Class B3 $ 2,524.18 $ 0.00
Class B4 $ 1,261.67 $ 0.00
Class B5 $ 1,893.04 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ -0.01
------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A6 % 6.02733996
Class A16 % 9.53740272
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: $ 128,117.59
-----------
3. Supplemental Servicing Fee amount: $ 211,476.23
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.547829 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: % 4.452171
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.24
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-09, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.373118
---------------------
Weighted average maturity 347.05
---------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.10000000 %0.00000000
PO $ 1.13635696 $ 0.17829167 $ 0.00000000 %0.00000000
A1 $ 0.00000000 $ 0.00000000 $ 5.41666675 %6.50000010
A2 $ 0.00000000 $ 0.00000000 $ 5.41666661 %6.49999993
A3 $30.87776024 $ 29.14577367 $ 4.87170383 %7.00000000
A4 $29.43017102 $ 27.77938252 $ 0.00000000 %0.00000000
A5 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A6 $ 0.00000000 $ 0.00000000 $ 5.02278330 %6.02733996
A7 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A8 $ 0.00000000 $ 0.00000000 $ 5.62499990 %6.74999988
A10 $19.23819922 $ 18.15909558 $ 4.73183810 %6.75000002
A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A12 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A13 $ 0.00000000 $ 0.00000000 $ 5.62500005 %6.75000006
A14 $ 0.00000000 $ 0.00000000 $ 5.83333400 %7.00000080
A15 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A9 $ 0.00000000 $ 0.00000000 $ 5.62500049 %6.75000059
A16 $ 0.00000000 $ 0.00000000 $ 7.94783560 %9.53740272
A17 $ 0.00000000 $ 0.00000000 $ 5.62499989 %6.74999987
A18 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A19 $ 0.00000000 $ 0.00000000 $ 5.62499961 %6.74999953
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
M $ 0.83943545 $ 0.00000000 $ 5.58857533 %6.75000008
B1 $ 0.83943622 $ 0.00000000 $ 5.58857475 %6.74999938
B2 $ 0.83943525 $ 0.00000000 $ 5.58857481 %6.74999945
B3 $ 0.83943465 $ 0.00000000 $ 5.58857665 %6.75000169
B4 $ 0.83943446 $ 0.00000000 $ 5.58857618 %6.75000111
B5 $ 0.83943686 $ 0.00000000 $ 5.58857584 %6.75000069
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:
$ 128,117.59
-----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 662,034,620.20
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,197
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36158GDQ8
PO $ 798,299.79 $ 797,371.36 $ 975.94 GEC9809PO
A1 $ 48,871,886.00 $ 48,871,886.00 $ 1,000.00 36158GCS5
A2 $ 54,638,720.00 $ 54,638,720.00 $ 1,000.00 36158GCT3
A3 $ 169,552,592.66 $ 163,283,767.74 $ 804.27 36158GCU0
A4 $ 6,649,578.90 $ 6,417,400.19 $ 813.45 36158GCV8
A5 $ 0.00 $ 0.00 $ 0.00 36158GCW6
A6 $ 14,087,291.00 $ 14,087,291.00 $ 1,000.00 36158GCX4
A7 $ 4,986,000.00 $ 4,986,000.00 $ 1,000.00 36158GCY2
A8 $ 51,175,000.00 $ 51,175,000.00 $ 1,000.00 36158GCZ9
A10 $ 137,959,690.29 $ 134,804,618.25 $ 821.98 36158GDB1
A11 $ 20,252,000.00 $ 20,252,000.00 $ 1,000.00 36158GDC9
A12 $ 22,880,000.00 $ 22,880,000.00 $ 1,000.00 36158GDD7
A13 $ 23,196,750.00 $ 23,196,750.00 $ 1,000.00 36158GDE5
A14 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36158GDF2
A15 $ 33,000,000.00 $ 33,000,000.00 $ 1,000.00 36158GDG0
A9 $ 5,055,948.00 $ 5,055,948.00 $ 1,000.00 36158GDA3
A16 $ 3,652,261.00 $ 3,652,261.00 $ 1,000.00 36158GDH8
A17 $ 22,394,100.00 $ 22,394,100.00 $ 1,000.00 36158GDJ4
A18 $ 9,880,000.00 $ 9,880,000.00 $ 1,000.00 36158GDK1
A19 $ 12,872,248.00 $ 12,872,248.00 $ 1,000.00 36158GDL9
SUP $ 635,016,023.71 $ 625,376,589.92 $ 875.78 GEC98009S
RL $ 0.00 $ 0.00 $ 0.00 36158GDR6
M $ 13,814,958.06 $ 13,803,285.71 $ 992.69 36158GDM7
B1 $ 5,974,062.77 $ 5,969,015.24 $ 992.69 36158GDN5
B2 $ 3,360,099.83 $ 3,357,260.86 $ 992.69 36158GDP0
B3 $ 2,987,528.14 $ 2,985,003.96 $ 992.69 36158GDS4
B4 $ 1,493,267.31 $ 1,492,005.64 $ 992.69 36158GDT2
B5 $ 2,240,527.77 $ 2,238,634.73 $ 992.69 36158GDU9
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 17 Principal Balance $ 4,518,675.12
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 253,413.84
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A6 % 6.02733996
A16 % 9.53740272
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class A4_1 $ 0.00
Class A4_2 $ 0.00
Class A4_3 $ 0.00
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class A4_1 $ 6,047,547.19
Class A4_2 $ 185,186.00
Class A4_3 $ 184,667.00
Exhibit 99.25
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-10A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 370,041.42
-------------
(b) Interest $ 2,734,040.07
-------------
(c) Total $ 3,104,081.49
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 308,568.68
-------------
(b) Interest $ 2,274,661.13
-------------
(c) Total $ 2,583,229.81
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 61,472.74
-------------
(b) Interest $ 459,378.94
-------------
(c) Total $ 520,851.68
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 49,855.02
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 5,723,613.70
-------------
(b) Interest $ 34,906.42
-------------
(c) Total $ 5,758,520.12
-------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $443,621,175.33
---------------
13. Available Funds: $ 8,669,899.99
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 3,649.52
-------------
18. Total interest payments: $ 2,526,389.85
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO1 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 554,404.96 $ 0.00 $ 554,404.96 % 6.650000020
1A2 $ 189,583.33 $ 0.00 $ 189,583.33 % 6.499999886
1A3 $ 152,160.00 $ 0.00 $ 152,160.00 % 6.400000000
1A4 $ 23,949.83 $ 0.00 $ 23,949.83 % 6.749999058
1A5 $ 1,036,885.32 $ 0.00 $ 1,036,885.32 % 7.000000003
1A6 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A7 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A8 $ 6,966.74 $ 0.00 $ 0.00 % 6.999996224
1A9 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A10 $ 449,949.38 $ 0.00 $ 449,949.38 % 6.750000075
1R $ 0.56 $ 0.00 $ 0.56 %41.760000000
1RL $ 0.56 $ 0.00 $ 0.56 % 6.720000000
1M $ 52,022.20 $ 0.00 $ 52,022.20 % 6.750000453
1B1 $ 22,498.05 $ 0.00 $ 22,498.05 % 6.750000326
1B2 $ 12,654.80 $ 0.00 $ 12,654.80 % 6.749998326
1B3 $ 11,246.23 $ 0.00 $ 11,246.23 % 6.750000195
1B4 $ 5,623.11 $ 0.00 $ 5,623.11 % 6.749994261
1B5 $ 8,441.86 $ 0.00 $ 8,441.86 % 6.750002659
20. Principal Distribution Amount: $ 6,143,510.14
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO1 $ 662.44 $ 0.00
Class 1A1 $ 0.00 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 5,914,548.35 $ 0.00
Class 1A6 $ 0.00 $ 0.00
Class 1A7 $ 0.00 $ 0.00
Class 1A8 $ 0.00 $ 6,966.74
Class 1A9 $ 218,816.42 $ 0.00
Class 1A10 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1RL $ 0.00 $ 0.00
Class 1M $ 7,607.58 $ 0.00
Class 1B1 $ 3,290.05 $ 0.00
Class 1B2 $ 1,850.60 $ 0.00
Class 1B3 $ 1,644.62 $ 0.00
Class 1B4 $ 822.31 $ 0.00
Class 1B5 $ 1,234.51 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
-------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 85,376.78
-----------
3. Supplemental Servicing Fee amount: $ 147,768.30
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.547550 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: % 4.452450
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
--------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.26
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-10A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.391828
-----------------------
Weighted average maturity 348.59
-----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO1 $ 1.04465702 $ 0.11527750 $ 0.00000000 % 0.00000000
1A1 $ 0.00000000 $ 0.00000000 $ 5.54166668 % 6.65000002
1A2 $ 0.00000000 $ 0.00000000 $ 5.41666657 % 6.49999989
1A3 $ 0.00000000 $ 0.00000000 $ 5.33333333 % 6.40000000
1A4 $ 0.00000000 $ 0.00000000 $ 5.62499941 % 6.74999906
1A5 $ 30.66121488 $ 28.89451887 $ 5.37524790 % 7.00000000
1A6 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1A7 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1A8 $ 0.00000000 $ 0.00000000 $ 6.11117544 % 6.99999622
1A9 $ 25.65858583 $ 24.18014071 $ 0.00000000 % 0.00000000
1A10 $ 0.00000000 $ 0.00000000 $ 5.62500006 % 6.75000008
1R $ 0.00000000 $ 0.00000000 $ 34.80000000 %41.76000000
1RL $ 0.00000000 $ 0.00000000 $ 5.60000000 % 6.72000000
1M $ 0.81740410 $ 0.00000000 $ 5.58957774 % 6.75000045
1B1 $ 0.81740373 $ 0.00000000 $ 5.58957764 % 6.75000033
1B2 $ 0.81740283 $ 0.00000000 $ 5.58957597 % 6.74999833
1B3 $ 0.81740557 $ 0.00000000 $ 5.58957753 % 6.75000020
1B4 $ 0.81740557 $ 0.00000000 $ 5.58957256 % 6.74999426
1B5 $ 0.81740183 $ 0.00000000 $ 5.58957955 % 6.75000266
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
1A8 $ 6,966.74
2. The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 85,376.78
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 443,621,175.33
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,456
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO1 $ 628,711.15 $ 628,048.71 $ 990.42 GEC9810P1
1A1 $ 100,043,000.00 $ 100,043,000.00 $ 1,000.00 36158GDV7
1A2 $ 35,000,000.00 $ 35,000,000.00 $ 1,000.00 36158GDW5
1A3 $ 28,530,000.00 $ 28,530,000.00 $ 1,000.00 36158GDX3
1A4 $ 4,257,748.15 $ 4,257,748.15 $ 1,000.00 36158GDY1
1A5 $ 177,751,769.07 $ 171,837,220.72 $ 890.81 36158GDZ8
1A6 $ 0.00 $ 0.00 $ 0.00 36158GEA2
1A7 $ 0.00 $ 0.00 $ 0.00 36158GEB0
1A8 $ 1,194,298.93 $ 1,201,265.68 $ 1,053.74 36158GEC8
1A9 $ 6,628,150.30 $ 6,409,333.87 $ 751.56 36158GED6
1A10 $ 79,991,000.00 $ 79,991,000.00 $ 1,000.00 36158GEE4
SUP1 $ 419,395,967.04 $ 413,283,310.32 $ 874.73 GEC9810S1
1R $ 100.00 $ 100.00 $ 1,000.00 36158GEF1
1RL $ 100.00 $ 100.00 $ 1,000.00 36158GEG9
1M $ 9,248,390.49 $ 9,240,782.91 $ 992.89 36157RGR0
1B1 $ 3,999,653.14 $ 3,996,363.09 $ 992.89 36157RGS8
1B2 $ 2,249,742.78 $ 2,247,892.18 $ 992.89 36157RGT6
1B3 $ 1,999,329.72 $ 1,997,685.10 $ 992.89 36157RHH1
1B4 $ 999,664.85 $ 998,842.55 $ 992.89 36157RHJ7
1B5 $ 1,500,774.52 $ 1,499,540.01 $ 992.89 36157RHK4
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 12 Principal Balance $ 3,838,116.05
-------- -------------
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 99.27
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-10B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 473,101.08
--------------
(b) Interest $ 783,320.80
--------------
(c) Total $ 1,256,421.88
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 358,322.74
--------------
(b) Interest $ 597,306.32
--------------
(c) Total $ 955,629.06
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 114,778.34
--------------
(b) Interest $ 186,014.48
--------------
(c) Total $ 300,792.82
--------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 69,844.23
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,798,579.20
--------------
(b) Interest $ 10,681.35
--------------
(c) Total $ 1,809,260.55
--------------
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: $ 132,727,752.14
---------------
13. Available Funds: $ 3,070,687.78
---------------
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: $ 2,524.38
---------------
18. Total interest payments: $ 729,163.29
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO2 $ 0.00 $ 0.00 $ 0.00 %0.000000000
2A1 $ 172,060.42 $ 0.00 $ 172,060.42 %6.500000126
2A2 $ 162,147.92 $ 0.00 $ 162,147.92 %6.500000134
2A3 $ 220,428.16 $ 0.00 $ 220,428.16 %6.499999947
2A4 $ 0.00 $ 0.00 $ 0.00 %0.000000000
2A5 $ 0.00 $ 0.00 $ 0.00 %0.000000000
2A6 $ 104,942.13 $ 0.00 $ 104,942.13 %6.500000199
2A7 $ 50,456.25 $ 0.00 $ 50,456.25 %6.500000000
2R $ 0.54 $ 0.00 $ 0.54 %6.480000000
2M $ 7,172.64 $ 0.00 $ 7,172.64 %6.500001386
2B1 $ 3,981.87 $ 0.00 $ 3,981.87 %6.500001428
2B2 $ 1,993.57 $ 0.00 $ 1,993.57 %6.499994742
2B3 $ 3,185.50 $ 0.00 $ 3,185.50 %6.500009480
2B4 $ 1,197.20 $ 0.00 $ 1,197.20 %6.500012307
2B5 $ 1,597.09 $ 0.00 $ 1,597.09 %6.500018179
20. Principal Distribution Amount: $ 2,341,524.49
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO2 $ 4,661.86 $ 0.00
Class 2A1 $ 0.00 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 2,224,025.30 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 0.00 $ 0.00
Class 2A6 $ 100,470.51 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2M $ 4,637.36 $ 0.00
Class 2B1 $ 2,574.42 $ 0.00
Class 2B2 $ 1,288.91 $ 0.00
Class 2B3 $ 2,059.53 $ 0.00
Class 2B4 $ 774.03 $ 0.00
Class 2B5 $ 1,032.57 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 26,103.93
----------
3. Supplemental Servicing Fee amount: $ 36,422.49
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 97.376739 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: % 2.623261
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.28
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-10B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.061149
------------------------
Weighted average maturity 168.38
------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO2 $ 9.87851729 $ 6.33680780 $ 0.00000000 %0.00000000
2A1 $ 0.00000000 $ 0.00000000 $ 5.41666677 %6.50000013
2A2 $ 0.00000000 $ 0.00000000 $ 5.41666678 %6.50000013
2A3 $ 41.46593269 $ 33.27685858 $ 4.10978205 %6.49999995
2A4 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
2A5 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
2A6 $ 4.98612953 $ 4.00142283 $ 5.20804615 %6.50000020
2A7 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
2R $ 0.00000000 $ 0.00000000 $ 5.40000000 %6.48000000
2M $ 3.40982353 $ 0.00000000 $ 5.27400000 %6.50000139
2B1 $ 3.40982781 $ 0.00000000 $ 5.27400000 %6.50000143
2B2 $ 3.40981481 $ 0.00000000 $ 5.27399471 %6.49999474
2B3 $ 3.40981788 $ 0.00000000 $ 5.27400662 %6.50000948
2B4 $ 3.40982379 $ 0.00000000 $ 5.27400881 %6.50001231
2B5 $ 3.40981917 $ 0.00000000 $ 5.27401348 %6.50001818
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:
$ 26,103.93
-------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 132,727,752.14
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 419
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO2 $ 454,518.86 $ 449,856.99 $ 953.25 GEC9810P2
2A1 $ 31,765,000.00 $ 31,765,000.00 $ 1,000.00 36158GEH7
2A2 $ 29,935,000.00 $ 29,935,000.00 $ 1,000.00 36158GEJ3
2A3 $ 40,694,429.87 $ 38,470,404.57 $ 717.26 36158GEK0
2A4 $ 0.00 $ 0.00 $ 0.00 36158GEL8
2A5 $ 0.00 $ 0.00 $ 0.00 36158GEM6
2A6 $ 19,373,931.10 $ 19,273,460.59 $ 956.50 36158GEN4
2A7 $ 9,315,000.00 $ 9,315,000.00 $ 1,000.00 36158GEP9
SUP2 $ 122,034,361.99 $ 119,836,089.26 $ 872.29 GEC9810S2
2R $ 100.00 $ 100.00 $ 1,000.00 36158GEQ7
2M $ 1,324,179.41 $ 1,319,542.05 $ 970.25 36157RHD0
2B1 $ 735,114.30 $ 732,539.89 $ 970.25 36157RHE8
2B2 $ 368,043.99 $ 366,755.07 $ 970.25 36157RHF5
2B3 $ 588,091.45 $ 586,031.91 $ 970.25 36157RHL2
2B4 $ 221,021.12 $ 220,247.09 $ 970.25 36157RHM0
2B5 $ 294,846.56 $ 293,813.99 $ 970.25 36157RHN8
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 2 Principal Balance $ 560,325.72
-------- -----------
2. 60-89 days
Number 1 Principal Balance $ 311,756.41
-------- -----------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -----------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -----------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -----------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-------------
Exhibit 99.29
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-11A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 392,350.63
-------------
(b) Interest $ 2,900,593.32
-------------
(c) Total $ 3,292,943.95
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 360,084.68
-------------
(b) Interest $ 2,659,031.21
-------------
(c) Total $ 3,019,115.89
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 32,265.95
-------------
(b) Interest $ 241,562.11
-------------
(c) Total $ 273,828.06
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 229,676.71
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 6,703,576.73
-------------
(b) Interest $ 42,082.03
-------------
(c) Total $ 6,745,658.76
-------------
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: $470,555,949.58
---------------
13. Available Funds: $ 10,011,327.30
---------------
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: $ 5,592.13
-------------
18. Total interest payments: $ 2,685,723.23
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
1PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
1A1 $ 955,858.77 $ 0.00 $ 955,858.77 %6.750000027
1A2 $ 256,716.23 $ 0.00 $ 256,716.23 %6.750000123
1A3 $ 28,350.00 $ 0.00 $ 28,350.00 %7.000000000
1A4 $ 23,216.67 $ 0.00 $ 23,216.67 %7.000001005
1A5 $ 23,216.67 $ 0.00 $ 23,216.67 %7.000001005
1A6 $ 23,216.67 $ 0.00 $ 23,216.67 %7.000001005
1A7 $ 91,000.00 $ 0.00 $ 91,000.00 %6.500000000
1A8 $ 233,573.17 $ 0.00 $ 233,573.17 %6.750000018
1A9 $ 10,130.77 $ 0.00 $ 10,130.77 %6.749999579
1A10 $ 55,800.00 $ 0.00 $ 55,800.00 %6.750000000
1A11 $ 286,875.00 $ 0.00 $ 286,875.00 %6.750000000
1A12 $ 193,235.14 $ 0.00 $ 193,235.14 %6.750000000
1A13 $ 57,491.66 $ 0.00 $ 57,491.66 %6.749999885
1A14 $ 0.00 $ 0.00 $ 0.00 %0.000000000
1A15 $ 250,395.65 $ 0.00 $ 250,395.65 %6.750000035
1A16 $ 76,734.90 $ 0.00 $ 76,734.90 %6.750000247
1A17 $ 4,050.00 $ 0.00 $ 4,050.00 %6.750000000
1R $ 0.00 $ 0.00 $ 0.00 %0.000000000
1M $ 53,582.98 $ 0.00 $ 53,582.98 %6.749999554
1B1 $ 23,175.10 $ 0.00 $ 23,175.10 %6.749999456
1B2 $ 13,033.55 $ 0.00 $ 13,033.55 %6.750001298
1B3 $ 11,584.75 $ 0.00 $ 11,584.75 %6.749997644
1B4 $ 5,795.17 $ 0.00 $ 5,795.17 %6.749995443
1B5 $ 8,690.38 $ 0.00 $ 8,690.38 %6.750001592
20. Principal Distribution Amount: $7,325,604.07
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 425.75 $ 0.00
Class 1A1 $ 3,923,597.52 $ 0.00
Class 1A2 $ 742,058.33 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class 1A6 $ 0.00 $ 0.00
Class 1A7 $ 0.00 $ 0.00
Class 1A8 $ 0.00 $ 0.00
Class 1A9 $ 270,631.83 $ 0.00
Class 1A10 $ 0.00 $ 0.00
Class 1A11 $ 0.00 $ 0.00
Class 1A12 $ 170,240.97 $ 0.00
Class 1A13 $ 858,939.38 $ 0.00
Class 1A14 $ 0.00 $ 0.00
Class 1A15 $ 222,118.35 $ 0.00
Class 1A16 $ 1,120,683.17 $ 0.00
Class 1A17 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1M $ 7,819.85 $ 0.00
Class 1B1 $ 3,382.15 $ 0.00
Class 1B2 $ 1,902.10 $ 0.00
Class 1B3 $ 1,690.67 $ 0.00
Class 1B4 $ 845.74 $ 0.00
Class 1B5 $ 1,268.26 $ 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
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 91,100.44
-----------
3. Supplemental Servicing Fee amount: $ 159,298.83
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
---- ---- -------- --------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
---- ---- -------- --------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
---- ---- -------- --------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
---- ---- -------- --------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ---- -------- --------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ---- -------- --------
11. Junior Percentage: % N/A
----
12. Junior Prepayment Percentage:
% N/A
----
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.30
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-11A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.394025
-------------------------
Weighted average maturity 348.79
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
1PO $ 1.00702493 $ 0.06341360 $ 0.00000000 % 0.00000000
1A1 $ 20.51018045 $ 19.45764705 $ 4.99664804 % 6.75000003
1A2 $ 14.93676188 $ 14.17024295 $ 5.16739593 % 6.75000012
1A3 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
1A4 $ 0.00000000 $ 0.00000000 $ 5.83333417 % 7.00000101
1A5 $ 0.00000000 $ 0.00000000 $ 5.83333417 % 7.00000101
1A6 $ 0.00000000 $ 0.00000000 $ 5.83333417 % 7.00000101
1A7 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
1A8 $ 0.00000000 $ 0.00000000 $ 5.62500002 % 6.75000002
1A9 $ 82.63567328 $ 78.39500763 $ 3.09336489 % 6.74999958
1A10 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A12 $ 4.83639119 $ 4.58819915 $ 5.48963466 % 6.75000000
1A13 $ 57.64693826 $ 54.68863490 $ 3.85850067 % 6.74999988
1A14 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1A15 $ 4.86888097 $ 4.61902170 $ 5.48872534 % 6.75000004
1A16 $ 56.45759043 $ 53.56032191 $ 3.86573804 % 6.75000025
1A17 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1M $ 0.81635348 $ 0.00000000 $ 5.59379685 % 6.74999955
1B1 $ 0.81635288 $ 0.00000000 $ 5.59379677 % 6.74999946
1B2 $ 0.81635193 $ 0.00000000 $ 5.59379828 % 6.75000130
1B3 $ 0.81635442 $ 0.00000000 $ 5.59379527 % 6.74999764
1B4 $ 0.81635135 $ 0.00000000 $ 5.59379344 % 6.74999544
1B5 $ 0.81634991 $ 0.00000000 $ 5.59379856 % 6.75000159
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:
$ 91,100.44
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 470,555,949.58
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,525
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
1PO $ 419,647.82 $ 419,222.07 $ 991.58 GE98111PO
1A1 $ 169,930,447.32 $ 166,006,849.80 $ 867.78 36157RJC0
1A2 $ 45,638,440.06 $ 44,896,381.73 $ 903.71 36157RJD8
1A3 $ 4,860,000.00 $ 4,860,000.00 $ 1,000.00 36157RJE6
1A4 $ 3,980,000.00 $ 3,980,000.00 $ 1,000.00 36157RJF3
1A5 $ 3,980,000.00 $ 3,980,000.00 $ 1,000.00 36157RJG1
1A6 $ 3,980,000.00 $ 3,980,000.00 $ 1,000.00 36157RJH9
1A7 $ 16,800,000.00 $ 16,800,000.00 $ 1,000.00 36157RJJ5
1A8 $ 41,524,119.00 $ 41,524,119.00 $ 1,000.00 36157RJK2
1A9 $ 1,801,025.89 $ 1,530,394.06 $ 467.30 36157RJL0
1A10 $ 9,920,000.00 $ 9,920,000.00 $ 1,000.00 36157RJM8
1A11 $ 51,000,000.00 $ 51,000,000.00 $ 1,000.00 36157RJN6
1A12 $ 34,352,913.78 $ 34,182,672.81 $ 971.10 36157RJP1
1A13 $ 10,220,739.73 $ 9,361,800.35 $ 628.31 36157RJQ9
1A14 $ 0.00 $ 0.00 $ 0.00 36157RJR7
1A15 $ 44,514,781.99 $ 44,292,663.64 $ 970.90 36157RJS5
1A16 $ 13,641,759.50 $ 12,521,076.33 $ 630.78 36157RJT3
1A17 $ 720,000.00 $ 720,000.00 $ 1,000.00 36157RJU0
SUP1 $ 454,696,467.73 $ 447,394,332.83 $ 904.85 G9811SUP1
1R $ 0.00 $ 0.00 $ 0.00 36157RJY2
1M $ 9,525,863.74 $ 9,518,043.90 $ 993.64 36157RJV8
1B1 $ 4,120,018.11 $ 4,116,635.96 $ 993.64 36157RJW6
1B2 $ 2,317,075.11 $ 2,315,173.01 $ 993.64 36157RJX4
1B3 $ 2,059,511.83 $ 2,057,821.16 $ 993.64 36157RLG8
1B4 $ 1,030,253.14 $ 1,029,407.40 $ 993.64 36157RLH6
1B5 $ 1,544,956.08 $ 1,543,687.81 $ 993.64 36157RLJ2
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 10 Principal Balance $ 3,219,701.81
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.31
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-11B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 183,833.53
--------------
(b) Interest $ 1,368,736.33
--------------
(c) Total $ 1,552,569.86
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 167,897.57
--------------
(b) Interest $ 1,244,465.13
--------------
(c) Total $ 1,412,362.70
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 15,935.96
--------------
(b) Interest $ 124,271.20
--------------
(c) Total $ 140,207.16
--------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 167,165.48
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,175,001.43
--------------
(b) Interest $ 26,109.90
--------------
(c) Total $ 4,201,111.33
--------------
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: $ 221,336,192.53
---------------
13. Available Funds: $ 5,797,516.38
---------------
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: $ 2,113.58
-------------
18. Total interest payments: $ 1,271,515.95
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
2PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
2A1 $ 126,909.93 $ 0.00 $ 126,909.93 %6.749999920
2A2 $ 40,484.17 $ 0.00 $ 40,484.17 %6.500000535
2A3 $ 0.00 $ 0.00 $ 0.00 %0.000000000
2A4 $ 140,089.68 $ 0.00 $ 140,089.68 %6.750000000
2A5 $ 120,123.64 $ 0.00 $ 120,123.64 %6.750000044
2A6 $ 52,969.09 $ 0.00 $ 52,969.09 %6.499999942
2A7 $ 0.00 $ 0.00 $ 0.00 %0.000000000
2A8 $ 10,208.33 $ 0.00 $ 10,208.33 %6.999997714
2A9 $ 11,666.67 $ 0.00 $ 11,666.67 %8.000002286
2A10 $ 393,357.69 $ 0.00 $ 393,357.69 %6.750000085
2A11 $ 250,312.50 $ 0.00 $ 250,312.50 %6.750000000
2A12 $ 24,031.74 $ 0.00 $ 24,031.74 %6.750001032
2A13 $ 2,037.27 $ 0.00 $ 2,037.27 %0.249999667
2A14 $ 14,530.83 $ 0.00 $ 14,530.83 %6.999998394
2A15 $ 14,530.83 $ 0.00 $ 14,530.83 %6.999998394
2A16 $ 14,536.67 $ 0.00 $ 14,536.67 %7.000001605
2R $ 0.00 $ 0.00 $ 0.00 %0.000000000
2RL $ 0.00 $ 0.00 $ 0.00 %0.000000000
2M $ 25,771.49 $ 0.00 $ 25,771.49 %6.750000239
2B1 $ 11,143.22 $ 0.00 $ 11,143.22 %6.750001087
2B2 $ 6,270.86 $ 0.00 $ 6,270.86 %6.750003000
2B3 $ 5,571.61 $ 0.00 $ 5,571.61 %6.750001052
2B4 $ 2,785.80 $ 0.00 $ 2,785.80 %6.749989006
2B5 $ 4,183.93 $ 0.00 $ 4,183.93 %6.750006332
20. Principal Distribution Amount: $ 4,526,000.43
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 217.18 $ 0.00
Class 2A1 $ 328,261.01 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 0.00 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 1,877,950.43 $ 0.00
Class 2A6 $ 50,608.47 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class 2A8 $ 0.00 $ 0.00
Class 2A9 $ 0.00 $ 0.00
Class 2A10 $ 2,008,491.08 $ 0.00
Class 2A11 $ 0.00 $ 0.00
Class 2A12 $ 252,409.73 $ 0.00
Class 2A13 $ 0.00 $ 0.00
Class 2A14 $ 0.00 $ 0.00
Class 2A15 $ 0.00 $ 0.00
Class 2A16 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2RL $ 0.00 $ 0.00
Class 2M $ 3,728.60 $ 0.00
Class 2B1 $ 1,612.19 $ 0.00
Class 2B2 $ 907.26 $ 0.00
Class 2B3 $ 806.10 $ 0.00
Class 2B4 $ 403.05 $ 0.00
Class 2B5 $ 605.33 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement: $ 0.00
--------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement: $ 0.00
--------------
24. Subordinate Certificate Writedown Amount: $ 0.00
--------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
--------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 2A3 % 0.00000000
Class 2A7 % 0.00000000
Class 2A9 % 8.00000229
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 43,905.49
----------
3. Supplemental Servicing Fee amount: $ 79,794.49
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
---- ---- ------- --------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
---- ---- ------- --------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
---- ---- ------- --------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
---- ---- ------- --------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ---- ------- --------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ---- ------- --------
11. Junior Percentage: % N/A
----
12. Junior Prepayment Percentage:
% N/A
----
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.32
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-11B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.41779
-------------------------
Weighted average maturity 348.78
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
2PO $ 1.05696042 $ 0.14249839 $ 0.00000000 % 0.00000000
2A1 $14.16268485 $ 13.61224625 $ 5.47547619 % 6.74999992
2A2 $ 0.00000000 $ 0.00000000 $ 5.41666711 % 6.50000054
2A3 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2A5 $77.84250487 $ 74.81712332 $ 4.97921824 % 6.75000004
2A6 $ 5.06084700 $ 4.86415500 $ 5.29690900 % 6.49999994
2A7 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2A8 $ 0.00000000 $ 0.00000000 $ 5.83333143 % 6.99999771
2A9 $ 0.00000000 $ 0.00000000 $ 6.66666857 % 8.00000229
2A10 $27.25225346 $ 26.19308331 $ 5.33728209 % 6.75000008
2A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2A12 $46.95994977 $ 45.13483163 $ 4.47102140 % 6.75000103
2A13 $ 0.00000000 $ 0.00000000 $ 0.20372700 % 0.24999967
2A14 $ 0.00000000 $ 0.00000000 $ 5.83333200 % 6.99999839
2A15 $ 0.00000000 $ 0.00000000 $ 5.83333200 % 6.99999839
2A16 $ 0.00000000 $ 0.00000000 $ 5.83333467 % 7.00000161
2R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2M $ 0.80933362 $ 0.00000000 $ 5.59398524 % 6.75000024
2B1 $ 0.80933233 $ 0.00000000 $ 5.59398594 % 6.75000109
2B2 $ 0.80933095 $ 0.00000000 $ 5.59398751 % 6.75000300
2B3 $ 0.80933735 $ 0.00000000 $ 5.59398594 % 6.75000105
2B4 $ 0.80933735 $ 0.00000000 $ 5.59397590 % 6.74998901
2B5 $ 0.80933720 $ 0.00000000 $ 5.59399037 % 6.75000633
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:
$ 43,905.49
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 221,336,192.53
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 733
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
2PO $ 203,803.46 $ 203,586.27 $ 990.80 GE98112PO
2A1 $ 22,561,765.60 $ 22,233,504.58 $ 959.26 36157RJZ9
2A2 $ 7,474,000.00 $ 7,474,000.00 $ 1,000.00 36157RKA2
2A3 $ 0.00 $ 0.00 $ 0.00 GE98112A3
2A4 $ 24,904,832.00 $ 24,904,832.00 $ 1,000.00 36157RKC8
2A5 $ 21,355,313.64 $ 19,477,363.21 $ 807.35 36157RKD6
2A6 $ 9,778,909.01 $ 9,728,300.54 $ 972.83 36157RKE4
2A7 $ 0.00 $ 0.00 $ 0.00 GE98112A7
2A8 $ 1,750,000.00 $ 1,750,000.00 $ 1,000.00 36157RKG9
2A9 $ 1,750,000.00 $ 1,750,000.00 $ 1,000.00 36157RKH7
2A10 $ 69,930,255.12 $ 67,921,764.03 $ 921.60 36157RKJ3
2A11 $ 44,500,000.00 $ 44,500,000.00 $ 1,000.00 36157RKK0
2A12 $ 4,272,308.68 $ 4,019,898.95 $ 747.89 36157RKL8
2A13 $ 9,778,909.01 $ 9,728,300.54 $ 972.83 36157RKM6
2A14 $ 2,491,000.00 $ 2,491,000.00 $ 1,000.00 36157RKN4
2A15 $ 2,491,000.00 $ 2,491,000.00 $ 1,000.00 36157RKP9
2A16 $ 2,492,000.00 $ 2,492,000.00 $ 1,000.00 36157RKQ7
SUP2 $ 213,276,006.77 $ 208,762,888.59 $ 883.22 G9811SUP2
2R $ 0.00 $ 0.00 $ 0.00 36157RKU8
2RL $ 0.00 $ 0.00 $ 0.00 36157RKV6
2M $ 4,581,598.06 $ 4,577,869.46 $ 993.68 36157RKR5
2B1 $ 1,981,016.57 $ 1,979,404.38 $ 993.68 36157RKS3
2B2 $ 1,114,819.06 $ 1,113,911.80 $ 993.68 36157RKT1
2B3 $ 990,508.29 $ 989,702.19 $ 993.68 36157RLK9
2B4 $ 495,254.14 $ 494,851.09 $ 993.68 36157RLL7
2B5 $ 743,809.08 $ 743,203.76 $ 993.68 36157RLM5
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 3 Principal Balance $ 904,639.31
-------- -----------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -----------
3. 90 days or more
Number 1 Principal Balance $ 497,045.78
-------- -----------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -----------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -----------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement: $ 0.00
----------
7. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate:
Certificate Interest
Class Rates
2A3 % 0.00000000
2A7 % 0.00000000
2A9 % 8.00000229
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.33
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-11C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 353,960.90
--------------
(b) Interest $ 601,893.41
--------------
(c) Total $ 955,854.31
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 301,021.39
--------------
(b) Interest $ 512,195.78
--------------
(c) Total $ 813,217.17
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 52,939.51
--------------
(b) Interest $ 89,697.63
--------------
(c) Total $ 142,637.14
--------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 163,566.27
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,575,940.14
--------------
(b) Interest $ 9,005.22
--------------
(c) Total $ 1,584,945.36
--------------
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: $ 101,393,369.39
---------------
13. Available Funds: $ 2,652,476.30
---------------
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: $ 1,390.23
------------
18. Total interest payments: $ 559,008.99
------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
3PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
SUP3 $ 31,354.15 $ 0.00 $ 31,354.15 %0.395740686
3A $ 545,226.94 $ 0.00 $ 545,226.94 %6.500000023
3M $ 6,124.60 $ 0.00 $ 6,124.60 %6.499999624
3B1 $ 3,059.65 $ 0.00 $ 3,059.65 %6.499992768
3B2 $ 1,529.83 $ 0.00 $ 1,529.83 %6.500013897
3B3 $ 1,228.10 $ 0.00 $ 1,228.10 %6.500020179
3B4 $ 915.78 $ 0.00 $ 915.78 %6.500009878
3B5 $ 924.09 $ 0.00 $ 924.09 %6.500015270
3R $ 0.00 $ 0.00 $ 0.00 %0.000000000
20. Principal Distribution Amount: $ 2,093,467.31
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 3PO $ 1,088.68 $ 0.00
Class SUP3 $ 0.00 $ 0.00
Class 3A $ 2,083,677.35 $ 0.00
Class 3M $ 3,866.76 $ 0.00
Class 3B1 $ 1,931.71 $ 0.00
Class 3B2 $ 965.85 $ 0.00
Class 3B3 $ 775.36 $ 0.00
Class 3B4 $ 578.18 $ 0.00
Class 3B5 $ 583.42 $ 0.00
Class 3R $ 0.00 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
3B1 $ 0.00 $ 0.00
3B2 $ 0.00 $ 0.00
3B3 $ 0.00 $ 0.00
3B4 $ 0.00 $ 0.00
3B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-3B1 X
Class-3B2 X
Class-3B3 X
Class-3B4 X
Class-3B5 X
2. Base Servicing Fee amount: $ 19,824.07
----------
3. Supplemental Servicing Fee amount: $ 31,354.15
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
----- ---- -------- --------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----- ---- -------- --------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----- ---- -------- --------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
----- ---- -------- --------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----- ---- -------- --------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----- ---- -------- --------
11. Junior Percentage: % N/A
-----
12. Junior Prepayment Percentage:
% N/A
-----
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.34
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-11C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.098674
-----------------------
Weighted average maturity 169.52
-----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
3PO $ 3.71722994 $ 0.19697891 $ 0.00000000 % 0.00000000
SUP3 $ 0.00000000 $ 0.00000000 $ 0.29281984 % 0.39574069
3A $ 18.46942503 $ 15.41823052 $ 4.83281545 % 6.50000002
3M $ 3.34205704 $ 0.00000000 $ 5.29351772 % 6.49999962
3B1 $ 3.34205882 $ 0.00000000 $ 5.29351211 % 6.49999277
3B2 $ 3.34204152 $ 0.00000000 $ 5.29352941 % 6.50001390
3B3 $ 3.34206897 $ 0.00000000 $ 5.29353448 % 6.50002018
3B4 $ 3.34208092 $ 0.00000000 $ 5.29352601 % 6.50000988
3B5 $ 3.34204638 $ 0.00000000 $ 5.29353062 % 6.50001527
3R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 19,824.07
--------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 101,393,369.39
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 338
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
3PO $ 285,177.78 $ 284,089.10 $ 970.00 GE98113PO
SUP3 $ 95,074,833.87 $ 93,013,291.86 $ 868.66 G9811SUP3
3A $ 100,657,280.87 $ 98,573,603.52 $ 873.74 36157RKW4
3M $ 1,130,695.45 $ 1,126,828.69 $ 973.92 36157RKX2
3B1 $ 564,859.09 $ 562,927.38 $ 973.92 36157RKY0
3B2 $ 282,429.55 $ 281,463.69 $ 973.92 36157RKZ7
3B3 $ 226,725.45 $ 225,950.09 $ 973.92 36157RLA1
3B4 $ 169,066.82 $ 168,488.65 $ 973.92 36157RLB9
3B5 $ 170,600.83 $ 170,017.40 $ 973.92 36157RLC7
3R $ 0.00 $ 0.00 $ 0.00 36157RLD5
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 3 Principal Balance $ 815,008.98
-------- -----------
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: % 0.39574069
-----------
Exhibit 99.35
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
FEBRUARY 1999
Home Equity Loan Pass-Through Certificates,
Series 1998-HE2
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
(1) Aggregate Monthly Payments Due: $1,599,293.22
-----------
(2) Aggregate Monthly Payments received and Monthly Advances made
this Month:
(a) Principal $250,222.81
-----------
(b) Interest $1,361,750.70
-----------
(c) Total $1,611,973.51
-----------
(3) Aggregate Principal Prepayments in part received on Self-
Amortizing Mortgage Loans and applied in the applicable
Prepayment Period:
(a) Principal $46,504.82
-----------
(c) Total $46,504.82
-----------
(4) Aggregate Principal Prepayments in full received in the
applicable Prepayment period:
(a) Principal $3,938,365.44
-----------
(b) Interest $40,031.49
-----------
(c) Total $3,978,396.93
-----------
(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 $176,445,570.14
-------------
(11) Available Funds: $5,553,352.92
-------------
(12) Realized Losses for prior month: $38,860.90
-------------
(13) Aggregate Realized Losses: $38,860.90
-------------
(a) Deficient Valuations $38,860.90
-------------
(b) Special Hazard Losses $0.00
-------------
(c) Fraud Losses $0.00
-------------
(d) Excess Bankruptcy Losses $0.00
-------------
(e) Excess Special Hazard Losses $0.00
-------------
(f ) Excess Fraud Losses $0.00
-------------
(14) Compensating Interest Payment: $2,913.05
-------------
(15) Net Simple Interest Shortfall: $0.00
-------------
(16) Net Simple Interest Excess: $0.00
-------------
(17) Simple Interest Shortfall Payment: $0.00
-------------
(18) Unpaid Net Simple Interest Shortfall:
Class A1 $0.00
-------------
Class A2 $0.00
-------------
Class A3 $0.00
-------------
Class A4 $0.00
-------------
Class A5 $0.00
-------------
Class A6 $0.00
-------------
Class A7 $0.00
-------------
Class S $0.00
-------------
Class M $0.00
-------------
Class B1 $0.00
-------------
Class B2 $0.00
-------------
Class B3 $0.00
-------------
Class B4 $0.00
-------------
Class B5 $0.00
-------------
(19) Class Certificate Interest Rate:
Class M 6.660%
---------
Class B1 6.905%
---------
Class B2 7.495%
---------
Class B3 8.965%
---------
Class B4 8.965%
---------
Class B5 8.965%
---------
Class S 2.55%
---------
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 $221,137.00 6.365%
---------------------------
Class A2 $109,381.25 6.105%
---------------------------
Class A3 $142,140.00 6.180%
---------------------------
Class A4 $70,070.83 6.275%
---------------------------
Class A5 $79,463.75 6.315%
---------------------------
Class A6 $130,009.43 6.645%
---------------------------
Class A7 $92,189.17 6.215%
---------------------------
Class S $374,285.31 2.55%
---------------------------
Class M $26,695.50 6.660%
---------------------------
Class B1 $24,910.36 6.905%
---------------------------
Class B2 $12,020.69 7.495%
---------------------------
Class B3 $14,379.02 8.965%
---------------------------
Class B4 $10,786.11 8.965%
---------------------------
Class B5 $10,791.43 8.965%
---------------------------
Total $1,318,259.85
(21) Principal distributable:
Class A1 $4,212,578.29
-----------
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 $6,821.21
-----------
Class B1 $6,139.23
-----------
Class B2 $2,729.32
-----------
Class B3 $2,729.32
-----------
Class B4 $2,047.34
-----------
Class B5 $2,048.35
-----------
Class R1 $0.00
-----------
Class R2 $0.00
-----------
Total $4,235,093.07
(22) Additional distributions to the Class R1 Certificate pursuant to
Section 2.05 (d) : $0.00
-----
(23) Additional distributions to the Class R2 Certificate pursuant to
Section 4.01 (b) : $0.00
-----
B. Other Amounts:
1) Senior Percentage for such
Distribution Date 91.002107%
-----
2) Senior Prepayment Percentage
for such Distribution Date 100.00%
-----
3) Junior Percentage for such
Distribution Date 8.997893%
-----
4) Junior Prepayment Percentage
-----
for such Distribution Date 0.00%
-----
5) Subordinate Certfificate Writedown Amount
for such Distribution Date $0.00
-----
6) Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class B1 X
-----------------------------------
Class B2 X
-----------------------------------
Class B3 X
-----------------------------------
Class B4 X
-----------------------------------
Class B5 X
-----------------------------------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
- ------------------------------------------
Name: Tim Neer
Title: Vice President of Investor Operations
Exhibit 99.36
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
FEBRUARY 1999
Home Equity Loan Pass-Through Certificates,
Series 1998-HE2
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
The amounts below are for a Single Certificate of $1,000:
(1) Amount of distribution allocable to principal:
Class A1 $70.79963512
----------------
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 $1.40325170
----------------
Class B1 $1.40325170
----------------
Class B2 $1.40325170
----------------
Class B3 $1.40325170
----------------
Class B4 $1.40325170
----------------
Class B5 $1.40325170
----------------
Class R1 $0.00000000
----------------
Class R2 $0.00000000
----------------
(2) Aggregate Principal prepayments included in distribution:
Class A1 $3,984,870.26
-------------
Class A2 $0.00000000
-------------
Class A3 $0.00000000
-------------
Class A4 $0.00000000
-------------
Class A5 $0.00000000
-------------
Class A6 $0.00000000
-------------
Class A7 $0.00000000
-------------
Class M $0.00000000
-------------
Class B1 $0.00000000
-------------
Class B2 $0.00000000
-------------
Class B3 $0.00000000
-------------
Class B4 $0.00000000
-------------
Class B5 $0.00000000
-------------
Class R1 $0.00000000
-------------
Class R2 $0.00000000
-------------
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 $3.71658828 6.365%
---------------------------------
Class A2 $5.08750000 6.105%
---------------------------------
Class A3 $5.15000000 6.180%
---------------------------------
Class A4 $5.22916667 6.275%
---------------------------------
Class A5 $5.26250000 6.315%
---------------------------------
Class A6 $5.53750000 6.645%
---------------------------------
Class A7 $5.17916667 6.215%
---------------------------------
Class S $2.12125079 2.55%
---------------------------------
Class M $5.49177102 6.660%
---------------------------------
Class B1 $5.69379563 6.905%
---------------------------------
Class B2 $6.18030387 7.495%
---------------------------------
Class B3 $7.39281270 8.965%
---------------------------------
Class B4 $7.39281270 8.965%
---------------------------------
Class B5 $7.39281270 8.965%
---------------------------------
(4) Servicing Compensation: $90,303.40
--------
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $176,445,570.14
-------------
number of Mortgage Loans: 2,498
-------------
(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 $37,478,608.37 $629.89257773
--------------------------------
Class A2 $21,500,000.00 $1,000.00000000
--------------------------------
Class A3 $27,600,000.00 $1,000.00000000
--------------------------------
Class A4 $13,400,000.00 $1,000.00000000
--------------------------------
Class A5 $15,100,000.00 $1,000.00000000
--------------------------------
Class A6 $23,478,000.00 $1,000.00000000
--------------------------------
Class A7 $17,800,000.00 $1,000.00000000
--------------------------------
Class M $4,803,178.60 $988.10504025
--------------------------------
Class B1 $4,322,959.55 $988.10504025
--------------------------------
Class B2 $1,921,864.30 $988.10504025
--------------------------------
Class B3 $1,921,864.30 $988.10504025
--------------------------------
Class B4 $1,441,645.25 $988.10504025
--------------------------------
Class B5 $1,403,495.46 $961.48287382
--------------------------------
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 related Mortgage Loans: $0.00
--
0
--
(8) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $1,394,455.31
-----------
24
-----------
Two Payments Delinquent $96,668.47
-----------
2
-----------
Three or more Payments Delinquent $604,420.29
-----------
8
-----------
TOTAL $2,095,544.07
-----------
34
-----------
In foreclosure $1,424,810.66
-----------
17
-----------
(9) Aggregate Scheduled Principal Balance and number of replaced
Mortgage Loans: $0.00
----
0
----
(10) Unpaid Net Simple Interest Shortfall:
Class A1 $0.00
----------------
Class A2 $0.00
----------------
Class A3 $0.00
----------------
Class A4 $0.00
----------------
Class A5 $0.00
----------------
Class A6 $0.00
----------------
Class A7 $0.00
----------------
Class S $0.00
----------------
Class M $0.00
----------------
Class B1 $0.00
----------------
Class B2 $0.00
----------------
Class B3 $0.00
----------------
Class B4 $0.00
----------------
Class B5 $0.00
----------------
(11) Class Certificate Interest Rate of:
Class M 6.660%
-----------------
Class B1 6.905%
-----------------
Class B2 7.495%
-----------------
Class B3 8.965%
-----------------
Class B4 8.965%
-----------------
Class B5 8.965%
-----------------
Class S 2.55%
-----------------
(12) Senior Percentage for such Distribution Date 91.002107%
-----------------
(13) Senior Prepayment Percentage
for such Distribution Date 100.00%
-----------------
(14) Junior Percentage for such
Distribution Date 8.997893%
-----------------
(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/ Tim Neer
-----------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.37
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-12A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 302,938.05
-------------
(b) Interest $ 2,253,283.92
-------------
(c) Total $ 2,556,221.97
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 251,026.83
-------------
(b) Interest $ 1,889,934.52
-------------
(c) Total $ 2,140,961.35
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 51,911.22
-------------
(b) Interest $ 363,349.40
-------------
(c) Total $ 415,260.62
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 44,131.42
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,990,620.88
-------------
(b) Interest $ 30,001.06
-------------
(c) Total $ 5,020,621.94
-------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $367,078,611.31
---------------
13. Available Funds: $ 7,427,857.57
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 4,282.36
-------------
18. Total interest payments: $ 2,090,167.23
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO1 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 288,654.17 $ 0.00 $ 288,654.17 % 6.500000075
1A2 $ 218,278.50 $ 0.00 $ 218,278.50 % 6.600000000
1A3 $ 242,852.67 $ 0.00 $ 242,852.67 % 6.700000092
1A4 $ 186,862.50 $ 0.00 $ 186,862.50 % 6.750000000
1A5 $ 78,603.75 $ 0.00 $ 78,603.75 % 6.750000000
1A6 $ 17,875.29 $ 0.00 $ 17,875.29 % 6.749999370
1A7 $ 505,505.13 $ 0.00 $ 505,505.13 % 6.749999975
1A8 $ 150,835.05 $ 0.00 $ 150,835.05 % 5.500000014
1A9 $ 82,273.66 $ 0.00 $ 82,273.66 % 11.571428096
1A10 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A11 $ 74,356.79 $ 0.00 $ 74,356.79 % 5.777339897
1A12 $ 41,476.99 $ 0.00 $ 41,476.99 % 9.667980664
1A13 $ 109,473.45 $ 0.00 $ 109,473.45 % 6.749999999
1A14 $ 3,391.66 $ 0.00 $ 0.00 % 6.749998408
1R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1RL $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1M $ 41,495.25 $ 0.00 $ 41,495.25 % 6.750000040
1B1 $ 17,945.63 $ 0.00 $ 17,945.63 % 6.749999306
1B2 $ 10,093.89 $ 0.00 $ 10,093.89 % 6.749997944
1B3 $ 8,974.22 $ 0.00 $ 8,974.22 % 6.750003380
1B4 $ 4,484.31 $ 0.00 $ 4,484.31 % 6.750002173
1B5 $ 6,734.14 $ 0.00 $ 6,734.14 % 6.750001209
20. Principal Distribution Amount: $ 5,337,690.34
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO1 $ 18,213.70 $ 0.00
Class 1A1 $ 0.00 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class 1A6 $ 0.00 $ 0.00
Class 1A7 $ 858,539.64 $ 0.00
Class 1A8 $ 1,015,511.73 $ 0.00
Class 1A9 $ 263,280.82 $ 0.00
Class 1A10 $ 0.00 $ 0.00
Class 1A11 $ 2,233,113.00 $ 0.00
Class 1A12 $ 744,371.00 $ 0.00
Class 1A13 $ 185,927.48 $ 0.00
Class 1A14 $ 9,151.99 $ 3,391.66
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1RL $ 0.00 $ 0.00
Class 1M $ 5,999.31 $ 0.00
Class 1B1 $ 2,594.55 $ 0.00
Class 1B2 $ 1,459.36 $ 0.00
Class 1B3 $ 1,297.48 $ 0.00
Class 1B4 $ 648.33 $ 0.00
Class 1B5 $ 973.61 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
--------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
--------------
24. Subordinate Certificate Writedown Amount: $ 0.00
--------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 1A8 % 5.50000001
Class 1A9 % 11.57142810
Class 1A11 % 5.77733990
Class 1A12 % 9.66798066
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 70,593.76
-----------
3. Supplemental Servicing Fee amount: $ 116,266.34
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.707164 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: % 4.292836
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.38
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-12A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.361443
------------------------
Weighted average maturity 350.23
------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO1 $ 21.19290219 $ 20.32571726 $ 0.00000000 % 0.00000000
1A1 $ 0.00000000 $ 0.00000000 $ 5.41666673 % 6.50000008
1A2 $ 0.00000000 $ 0.00000000 $ 5.50000000 % 6.60000000
1A3 $ 0.00000000 $ 0.00000000 $ 5.58333341 % 6.70000009
1A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A6 $ 0.00000000 $ 0.00000000 $ 5.62500059 % 6.74999937
1A7 $ 9.20478648 $ 8.70309850 $ 5.41974601 % 6.74999997
1A8 $ 26.58253255 $ 25.13370624 $ 3.94833216 % 5.50000001
1A9 $ 26.58253266 $ 25.13370635 $ 8.30688029 % 11.57142810
1A10 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1A11 $ 78.79234698 $ 74.49793150 $ 2.62357794 % 5.77733990
1A12 $ 78.79234698 $ 74.49793114 $ 4.39037709 % 9.66798066
1A13 $ 9.20478638 $ 8.70309817 $ 5.41974603 % 6.75000000
1A14 $ 9.20479005 $ 13.82745523 $ 5.41974474 % 6.74999841
1R $ 0.00000000 $ 0.00000000 $ 3.60000000 % 0.00000000
1RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1M $ 0.80940502 $ 0.00000000 $ 5.59838775 % 6.75000004
1B1 $ 0.80940571 $ 0.00000000 $ 5.59838715 % 6.74999931
1B2 $ 0.80940654 $ 0.00000000 $ 5.59838602 % 6.74999794
1B3 $ 0.80940736 $ 0.00000000 $ 5.59839052 % 6.75000338
1B4 $ 0.80940075 $ 0.00000000 $ 5.59838951 % 6.75000217
1B5 $ 0.80940510 $ 0.00000000 $ 5.59838872 % 6.75000121
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
1A14 $ 3,391.66
2. The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 70,593.76
------------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 367,078,611.31
------------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,166
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO1 $ 831,048.91 $ 812,835.21 $ 945.79
1A1 $ 53,290,000.00 $ 53,290,000.00 $ 1,000.00 36157RLN3
1A2 $ 39,687,000.00 $ 39,687,000.00 $ 1,000.00 36157RLP8
1A3 $ 43,496,000.00 $ 43,496,000.00 $ 1,000.00 36157RLQ6
1A4 $ 33,220,000.00 $ 33,220,000.00 $ 1,000.00 36157RLR4
1A5 $ 13,974,000.00 $ 13,974,000.00 $ 1,000.00 36157RLS2
1A6 $ 3,177,829.63 $ 3,177,829.63 $ 1,000.00 36157RLT0
1A7 $ 89,867,579.00 $ 89,009,039.36 $ 954.31 36157RLU7
1A8 $ 32,909,465.37 $ 31,893,953.64 $ 834.87 36157RLV5
1A9 $ 8,532,083.61 $ 8,268,802.79 $ 834.87 36157RLW3
1A10 $ 0.00 $ 0.00 $ 0.00 36157RLX1
1A11 $ 15,444,503.80 $ 13,211,390.79 $ 466.15 36157RLY9
1A12 $ 5,148,167.93 $ 4,403,796.93 $ 466.15 36157RLZ6
1A13 $ 19,461,946.67 $ 19,276,019.19 $ 954.31 36157RMA0
1A14 $ 602,961.92 $ 597,201.59 $ 954.31 36157RMB8
SUP1 $ 333,760,976.67 $ 328,977,809.50 $ 911.57
1R $ 0.00 $ 0.00 $ 0.00 36157RMF9
1RL $ 0.00 $ 0.00 $ 0.00 36157RMG7
1M $ 7,376,933.29 $ 7,370,933.98 $ 994.46 36157RMC6
1B1 $ 3,190,334.55 $ 3,187,740.00 $ 994.46 36157RMD4
1B2 $ 1,794,469.88 $ 1,793,010.52 $ 994.46 36157RME2
1B3 $ 1,595,416.09 $ 1,594,118.61 $ 994.46 36157RNY7
1B4 $ 797,210.41 $ 796,562.08 $ 994.46 36157RNZ4
1B5 $ 1,197,180.23 $ 1,196,206.62 $ 994.46 36157RPA7
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 7 Principal Balance $ 2,035,321.47
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 121,168.36
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
1A8 % 5.50000001
1A9 % 11.57142810
1A11 % 5.77733990
1A12 % 9.66798066
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.39
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-12B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 137,246.27
-------------
(b) Interest $ 1,049,065.42
-------------
(c) Total $ 1,186,311.69
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 126,952.41
-------------
(b) Interest $ 969,167.72
-------------
(c) Total $ 1,096,120.13
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 10,293.86
-------------
(b) Interest $ 79,897.70
-------------
(c) Total $ 90,191.56
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 60,074.34
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 7,866,996.08
-------------
(b) Interest $ 48,283.64
-------------
(c) Total $ 7,915,279.72
-------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $169,275,969.82
---------------
13. Available Funds: $ 9,061,217.91
---------------
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: $ 5,065.16
--------------
18. Total interest payments: $ 996,901.21
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO2 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 235,400.00 $ 0.00 $ 235,400.00 % 6.600000000
2A2 $ 127,997.92 $ 0.00 $ 127,997.92 % 6.550000171
2A3 $ 9,258.33 $ 0.00 $ 9,258.33 % 6.749997553
2A4 $ 255,519.29 $ 0.00 $ 255,519.29 % 5.499999980
2A5 $ 116,144.96 $ 0.00 $ 116,144.96 % 12.980749974
2A6 $ 23,229.03 $ 0.00 $ 23,229.03 % 7.500001150
2A7 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A8 $ 5,631.37 $ 0.00 $ 0.00 % 6.749997063
2A9 $ 178,875.00 $ 0.00 $ 178,875.00 % 6.750000000
2R $ 0.56 $ 0.00 $ 0.56 % 6.720000000
2RL $ 0.56 $ 0.00 $ 0.56 % 6.720000000
2M $ 20,733.72 $ 0.00 $ 20,733.72 % 6.750000525
2B1 $ 8,409.95 $ 0.00 $ 8,409.95 % 6.749999965
2B2 $ 4,484.93 $ 0.00 $ 4,484.93 % 6.749994826
2B3 $ 4,484.93 $ 0.00 $ 4,484.93 % 6.749994826
2B4 $ 2,245.27 $ 0.00 $ 2,245.27 % 6.750011180
2B5 $ 4,485.39 $ 0.00 $ 4,485.39 % 6.750006659
20. Principal Distribution Amount: $ 8,064,316.70
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO2 $ 111.94 $ 0.00
Class 2A1 $ 0.00 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 0.00 $ 0.00
Class 2A4 $ 6,403,500.27 $ 0.00
Class 2A5 $ 1,233,266.72 $ 0.00
Class 2A6 $ 426,900.02 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class 2A8 $ 0.00 $ 5,631.37
Class 2A9 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2RL $ 0.00 $ 0.00
Class 2M $ 2,852.29 $ 0.00
Class 2B1 $ 1,156.94 $ 0.00
Class 2B2 $ 616.98 $ 0.00
Class 2B3 $ 616.98 $ 0.00
Class 2B4 $ 308.88 $ 0.00
Class 2B5 $ 617.05 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
--------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
--------------
24. Subordinate Certificate Writedown Amount: $ 0.00
--------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 2A4 % 5.49999998
Class 2A5 % 12.98074997
Class 2A6 % 7.50000115
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 35,228.48
----------
3. Supplemental Servicing Fee amount: $ 65,237.34
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 95.501643 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: % 4.498357
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.40
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-12B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.438889
----------------------
Weighted average maturity 350.81
----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO2 $ 0.98163706 $ 0.06401600 $ 0.00000000 % 0.00000000
2A1 $ 0.00000000 $ 0.00000000 $ 5.50000000 % 6.60000000
2A2 $ 0.00000000 $ 0.00000000 $ 5.45833348 % 6.55000017
2A3 $ 0.00000000 $ 0.00000000 $ 5.62499772 % 6.74999755
2A4 $ 91.92506848 $ 90.43095033 $ 3.66809202 % 5.49999998
2A5 $ 91.92506857 $ 90.43095036 $ 8.65719738 %12.98074997
2A6 $ 91.92506891 $ 90.43094961 $ 5.00194444 % 7.50000115
2A7 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2A8 $ 0.00000000 $ 0.00000000 $ 5.81753099 % 6.74999706
2A9 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2R $ 0.00000000 $ 0.00000000 $ 5.60000000 % 6.72000000
2RL $ 0.00000000 $ 0.00000000 $ 5.60000000 % 6.72000000
2M $ 0.77026465 $ 0.00000000 $ 5.59916824 % 6.75000052
2B1 $ 0.77026631 $ 0.00000000 $ 5.59916778 % 6.74999996
2B2 $ 0.77026217 $ 0.00000000 $ 5.59916355 % 6.74999483
2B3 $ 0.77026217 $ 0.00000000 $ 5.59916355 % 6.74999483
2B4 $ 0.77027431 $ 0.00000000 $ 5.59917706 % 6.75001118
2B5 $ 0.77027191 $ 0.00000000 $ 5.59917337 % 6.75000666
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
2A8 $ 5,631.37
2. The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 35,228.48
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 169,275,969.82
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 540
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO2 $ 113,373.75 $ 113,261.81 $ 993.23
2A1 $ 42,800,000.00 $ 42,800,000.00 $ 1,000.00 36157RMH5
2A2 $ 23,450,000.00 $ 23,450,000.00 $ 1,000.00 36157RMJ1
2A3 $ 1,645,925.93 $ 1,645,925.93 $ 1,000.00 36157RMK8
2A4 $ 55,749,663.48 $ 49,346,163.22 $ 708.39 36157RML6
2A5 $ 10,736,972.23 $ 9,503,705.51 $ 708.39 36157RMM4
2A6 $ 3,716,644.23 $ 3,289,744.21 $ 708.39 36157RMN2
2A7 $ 0.00 $ 0.00 $ 0.00 36157RMP7
2A8 $ 1,001,132.88 $ 1,006,764.25 $ 1,040.05 36157RMQ5
2A9 $ 31,800,000.00 $ 31,800,000.00 $ 1,000.00 36157RMR3
SUP2 $ 172,030,072.33 $ 163,970,784.66 $ 841.39
2R $ 100.00 $ 100.00 $ 1,000.00 36157RMV4
2RL $ 100.00 $ 100.00 $ 1,000.00 36157RMW2
2M $ 3,685,994.38 $ 3,683,142.09 $ 994.64 36157RMS1
2B1 $ 1,495,102.23 $ 1,493,945.29 $ 994.64 36157RMT9
2B2 $ 797,321.50 $ 796,704.51 $ 994.64 36157RMU6
2B3 $ 797,321.50 $ 796,704.51 $ 994.64 36157RPB5
2B4 $ 399,158.45 $ 398,849.58 $ 994.64 36157RPC3
2B5 $ 797,401.88 $ 796,784.83 $ 994.64 36157RPD1
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 3 Principal Balance $ 985,812.93
-------- -----------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -----------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -----------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -----------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -----------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
2A4 % 5.49999998
2A5 % 12.98074997
2A6 % 7.50000115
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.41
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-12C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 555,527.28
-------------
(b) Interest $ 932,860.58
-------------
(c) Total $ 1,488,387.86
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 364,018.61
-------------
(b) Interest $ 615,501.56
-------------
(c) Total $ 979,520.17
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 191,508.67
-------------
(b) Interest $ 317,359.02
-------------
(c) Total $ 508,867.69
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 274,756.58
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 807,217.20
-------------
(b) Interest $ 4,617.52
-------------
(c) Total $ 811,834.72
-------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $158,511,942.33
---------------
13. Available Funds: $ 2,501,556.26
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
--------------
17. Compensating Interest Payment: $ 3,470.70
--------------
18. Total interest payments: $ 864,055.20
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO3 $ 0.00 $ 0.00 $ 0.00 %0.000000000
3A1 $ 180,446.07 $ 0.00 $ 180,446.07 %6.500000173
3A2 $ 12,458.33 $ 0.00 $ 12,458.33 %6.499998261
3A3 $ 53,100.79 $ 0.00 $ 53,100.79 %6.500000079
3A4 $ 599,358.28 $ 0.00 $ 599,358.28 %6.500000032
SUP3 $ 40,312.18 $ 0.00 $ 40,312.18 %0.348532746
3R $ 0.00 $ 0.00 $ 0.00 %0.000000000
3M $ 7,009.39 $ 0.00 $ 7,009.39 %6.499995835
3B1 $ 2,336.46 $ 0.00 $ 2,336.46 %6.499996407
3B2 $ 2,336.46 $ 0.00 $ 2,336.46 %6.499996407
3B3 $ 4,205.64 $ 0.00 $ 4,205.64 %6.500006749
3B4 $ 1,401.88 $ 0.00 $ 1,401.88 %6.500014953
3B5 $ 1,401.90 $ 0.00 $ 1,401.90 %6.500002956
20. Principal Distribution Amount: $ 1,637,501.06
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO3 $ 2,466.40 $ 0.00
Class 3A1 $ 438,319.78 $ 0.00
Class 3A2 $ 0.00 $ 0.00
Class 3A3 $ 34,000.96 $ 0.00
Class 3A4 $ 1,150,745.42 $ 0.00
Class SUP3 $ 0.00 $ 0.00
Class 3R $ 0.00 $ 0.00
Class 3M $ 4,488.18 $ 0.00
Class 3B1 $ 1,496.06 $ 0.00
Class 3B2 $ 1,496.06 $ 0.00
Class 3B3 $ 2,692.91 $ 0.00
Class 3B4 $ 897.64 $ 0.00
Class 3B5 $ 897.65 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
-------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
3B1 $ 0.00 $ 0.00
3B2 $ 0.00 $ 0.00
3B3 $ 0.00 $ 0.00
3B4 $ 0.00 $ 0.00
3B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-3B1 X
Class-3B2 X
Class-3B3 X
Class-3B4 X
Class-3B5 X
2. Base Servicing Fee amount: $ 31,454.66
----------
3. Supplemental Servicing Fee amount: $ 40,312.18
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 97.836744 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: % 2.163256
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.42
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-12C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.032752
-----------------------
Weighted average maturity 170.01
-----------------------
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
----- ----------- ----------- ----------- -----------
PO3 $ 3.71395443 $ 0.30446174 $ 0.00000000 %0.00000000
3A1 $ 11.62651936 $ 7.74906074 $ 4.78636790 %6.50000017
3A2 $ 0.00000000 $ 0.00000000 $ 5.41666522 %6.49999826
3A3 $ 3.40009600 $ 2.26616000 $ 5.31007900 %6.50000008
3A4 $ 9.44642250 $ 6.29602900 $ 4.92010782 %6.50000003
SUP3 $ 0.00000000 $ 0.00000000 $ 0.26231179 %0.34853275
3R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
3M $ 3.40009257 $ 0.00000000 $ 5.31007555 %6.49999583
3B1 $ 3.40009773 $ 0.00000000 $ 5.31007602 %6.49999641
3B2 $ 3.40009773 $ 0.00000000 $ 5.31007602 %6.49999641
3B3 $ 3.40009596 $ 0.00000000 $ 5.31008447 %6.50000675
3B4 $ 3.40011288 $ 0.00000000 $ 5.31009117 %6.50001495
3B5 $ 3.40009602 $ 0.00000000 $ 5.31008145 %6.50000296
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:
$ 31,454.66
----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $158,511,942.33
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 498
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO3 $ 631,561.44 $ 629,095.04 $ 947.30
3A1 $ 33,313,119.73 $ 32,874,799.95 $ 872.01 36157RMX0
3A2 $ 2,300,000.00 $ 2,300,000.00 $ 1,000.00 36157RMY8
3A3 $ 9,803,222.65 $ 9,769,221.69 $ 976.92 36157RMZ5
3A4 $ 110,650,758.84 $ 109,500,013.42 $ 898.88 36157RNA9
SUP3 $ 138,795,038.63 $ 137,238,434.17 $ 893.01
3R $ 0.00 $ 0.00 $ 0.00 36157RNE1
3M $ 1,294,042.06 $ 1,289,553.87 $ 976.92 36157RNB7
3B1 $ 431,346.70 $ 429,850.64 $ 976.92 36157RNC5
3B2 $ 431,346.70 $ 429,850.64 $ 976.92 36157RND3
3B3 $ 776,425.04 $ 773,732.13 $ 976.92 36157RPE9
3B4 $ 258,808.02 $ 257,910.38 $ 976.92 36157RPF6
3B5 $ 258,812.19 $ 257,914.54 $ 976.92 36157RPG4
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the month
preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 2 Principal Balance $ 956,695.62
-------- -----------
2. 60-89 days
Number 1 Principal Balance $ 258,486.22
-------- -----------
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: % 0.34853275
-----------
Exhibit 99.43
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-12D, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 150,952.43
-------------
(b) Interest $ 1,129,747.91
-------------
(c) Total $ 1,280,700.34
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 131,898.66
-------------
(b) Interest $ 990,035.72
-------------
(c) Total $ 1,121,934.38
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 19,053.77
-------------
(b) Interest $ 139,712.19
-------------
(c) Total $ 158,765.96
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 38,026.09
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,931,649.65
-------------
(b) Interest $ 24,003.10
-------------
(c) Total $ 3,955,652.75
-------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $184,259,762.41
---------------
13. Available Funds: $ 5,178,427.27
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 1,902.76
-------------
18. Total interest payments: $ 1,057,799.09
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO4 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
4A1 $ 365,631.90 $ 0.00 $ 365,631.90 % 6.749999991
4A2 $ 55,535.39 $ 0.00 $ 55,535.39 % 5.977339868
4A3 $ 28,083.50 $ 0.00 $ 28,083.50 % 9.067981202
4A4 $ 113,287.50 $ 0.00 $ 113,287.50 % 6.750000000
4A5 $ 233,256.23 $ 0.00 $ 233,256.23 % 6.749999958
4A6 $ 95,269.79 $ 0.00 $ 95,269.79 % 6.749999799
4A7 $ 18,229.17 $ 0.00 $ 18,229.17 % 7.000001280
4A8 $ 16,927.08 $ 0.00 $ 16,927.08 % 6.499998720
4A9 $ 18,562.50 $ 0.00 $ 18,562.50 % 6.750000000
4A10 $ 18,083.33 $ 0.00 $ 18,083.33 % 6.999998710
4A11 $ 16,791.67 $ 0.00 $ 16,791.67 % 6.500001290
4A12 $ 21,093.75 $ 0.00 $ 21,093.75 % 6.750000000
4A13 $ 11,952.56 $ 0.00 $ 11,952.56 % 6.749998588
SUP4 $ 57,600.31 $ 0.00 $ 57,600.31 % 0.402766742
4R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
4M $ 20,856.31 $ 0.00 $ 20,856.31 % 6.750001046
4B1 $ 9,018.94 $ 0.00 $ 9,018.94 % 6.749999920
4B2 $ 5,073.15 $ 0.00 $ 5,073.15 % 6.749995834
4B3 $ 4,509.47 $ 0.00 $ 4,509.47 % 6.749999878
4B4 $ 2,254.73 $ 0.00 $ 2,254.73 % 6.749993245
4B5 $ 3,382.12 $ 0.00 $ 3,382.12 % 6.749992117
20. Principal Distribution Amount: $ 4,120,628.18
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO4 $ 353.21 $ 0.00
Class 4A1 $ 2,144,880.98 $ 0.00
Class 4A2 $ 0.00 $ 0.00
Class 4A3 $ 0.00 $ 0.00
Class 4A4 $ 0.00 $ 0.00
Class 4A5 $ 1,154,369.20 $ 0.00
Class 4A6 $ 814,602.24 $ 0.00
Class 4A7 $ 0.00 $ 0.00
Class 4A8 $ 0.00 $ 0.00
Class 4A9 $ 0.00 $ 0.00
Class 4A10 $ 0.00 $ 0.00
Class 4A11 $ 0.00 $ 0.00
Class 4A12 $ 0.00 $ 0.00
Class 4A13 $ 0.00 $ 0.00
Class SUP4 $ 0.00 $ 0.00
Class 4R $ 0.00 $ 0.00
Class 4M $ 2,970.43 $ 0.00
Class 4B1 $ 1,284.51 $ 0.00
Class 4B2 $ 722.54 $ 0.00
Class 4B3 $ 642.25 $ 0.00
Class 4B4 $ 321.13 $ 0.00
Class 4B5 $ 481.69 $ 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
----- ------------------- -------------------
4B1 $ 0.00 $ 0.00
4B2 $ 0.00 $ 0.00
4B3 $ 0.00 $ 0.00
4B4 $ 0.00 $ 0.00
4B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 4A2 % 5.97733987
Class 4A3 % 9.06798120
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied
Yes No
--- --
Class-4B1 X
Class-4B2 X
Class-4B3 X
Class-4B4 X
Class-4B5 X
2. Base Servicing Fee amount: $ 36,870.03
----------
3. Supplemental Servicing Fee amount: $ 57,600.31
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 95.736929 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: % 4.263071
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.44
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-12D, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.355701
-----------------------
Weighted average maturity 351.47
-----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO4 $ 1.07296046 $ 0.17078179 $ 0.00000000 %0.00000000
4A1 $ 29.89381157 $ 28.84572557 $ 5.09591498 %6.74999999
4A2 $ 0.00000000 $ 0.00000000 $ 4.98111656 %5.97733987
4A3 $ 0.00000000 $ 0.00000000 $ 7.55665100 %9.06798120
4A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
4A5 $ 25.59576940 $ 24.69837406 $ 5.17197849 %6.74999996
4A6 $ 41.77447385 $ 40.30984821 $ 4.88563026 %6.74999980
4A7 $ 0.00000000 $ 0.00000000 $ 5.83333440 %7.00000128
4A8 $ 0.00000000 $ 0.00000000 $ 5.41666560 %6.49999872
4A9 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
4A10 $ 0.00000000 $ 0.00000000 $ 5.83333226 %6.99999871
4A11 $ 0.00000000 $ 0.00000000 $ 5.41666774 %6.50000129
4A12 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
4A13 $ 0.00000000 $ 0.00000000 $ 5.62499882 %6.74999859
SUP4 $ 0.00000000 $ 0.00000000 $ 0.31220223 %0.40276674
4R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
4M $ 0.79737950 $ 0.00000000 $ 5.59864868 %6.75000105
4B1 $ 0.79737962 $ 0.00000000 $ 5.59864772 %6.74999992
4B2 $ 0.79738318 $ 0.00000000 $ 5.59864436 %6.74999583
4B3 $ 0.79737342 $ 0.00000000 $ 5.59864772 %6.74999988
4B4 $ 0.79738682 $ 0.00000000 $ 5.59864226 %6.74999325
4B5 $ 0.79737251 $ 0.00000000 $ 5.59864129 %6.74999212
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 36,870.03
-----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 184,259,762.41
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 599
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO4 $ 327,216.73 $ 326,863.52 $ 992.93
4A1 $ 65,001,226.75 $ 62,856,345.77 $ 876.05 36157RNF8
4A2 $ 11,149,185.00 $ 11,149,185.00 $ 1,000.00 36157RNG6
4A3 $ 3,716,395.00 $ 3,716,395.00 $ 1,000.00 36157RNH4
4A4 $ 20,140,000.00 $ 20,140,000.00 $ 1,000.00 36157RNJ0
4A5 $ 41,467,774.48 $ 40,313,405.28 $ 893.87 36157RNK7
4A6 $ 16,936,852.06 $ 16,122,249.82 $ 826.78 36157RNL5
4A7 $ 3,125,000.00 $ 3,125,000.00 $ 1,000.00 36157RNM3
4A8 $ 3,125,000.00 $ 3,125,000.00 $ 1,000.00 36157RNN1
4A9 $ 3,300,000.00 $ 3,300,000.00 $ 1,000.00 36157RNP6
4A10 $ 3,100,000.00 $ 3,100,000.00 $ 1,000.00 36157RNQ4
4A11 $ 3,100,000.00 $ 3,100,000.00 $ 1,000.00 36157RNR2
4A12 $ 3,750,000.00 $ 3,750,000.00 $ 1,000.00 36157RNS0
4A13 $ 2,124,900.00 $ 2,124,900.00 $ 1,000.00 36157RNT8
SUP4 $ 171,613,901.52 $ 167,512,102.74 $ 907.94
4R $ 0.00 $ 0.00 $ 0.00 36157RNX9
4M $ 3,707,787.87 $ 3,704,817.44 $ 994.52 36157RNU5
4B1 $ 1,603,367.13 $ 1,602,082.63 $ 994.52 36157RNV3
4B2 $ 901,893.89 $ 901,171.35 $ 994.52 36157RNW1
4B3 $ 801,683.57 $ 801,041.31 $ 994.52 36157RPH2
4B4 $ 400,841.29 $ 400,520.16 $ 994.52 36157RPJ8
4B5 $ 601,266.48 $ 600,784.78 $ 994.52 36157RPK5
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- -----------
2. 60-89 days
Number 1 Principal Balance $ 370,936.94
-------- -----------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -----------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -----------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -----------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
4A2 % 5.97733987
4A3 % 9.06798120
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: % 0.40276674
------------
Exhibit 99.45
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-13, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of August 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 682,892.89
-------------
(b) Interest $ 5,092,250.82
-------------
(c) Total $ 5,775,143.71
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 610,950.63
-------------
(b) Interest $ 4,550,405.03
-------------
(c) Total $ 5,161,355.66
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 71,942.26
-------------
(b) Interest $ 541,845.79
-------------
(c) Total $ 613,788.05
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 287,203.12
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 7,234,832.57
-------------
(b) Interest $ 43,908.62
-------------
(c) Total $ 7,278,741.19
-------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $832,478,852.13
---------------
13. Available Funds: $ 12,926,844.06
---------------
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: $ 5,037.21
--------------
18. Total interest payments: $ 4,721,915.51
--------------
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 $ 258,183.80 $ 0.00 $ 258,183.80 % 6.749999967
A2 $ 141,980.96 $ 0.00 $ 141,980.96 % 6.749999903
A3 $ 566,908.63 $ 0.00 $ 566,908.63 % 6.750000038
A4 $ 520,068.36 $ 0.00 $ 520,068.36 % 6.749999980
A5 $ 123,193.13 $ 0.00 $ 123,193.13 % 6.750000274
A6 $ 213,526.04 $ 0.00 $ 213,526.04 % 6.249999951
A7 $ 104,166.67 $ 0.00 $ 104,166.67 % 6.250000200
A8 $ 156,250.00 $ 0.00 $ 156,250.00 % 6.250000000
A9 $ 169,870.95 $ 0.00 $ 169,870.95 % 6.249999885
A10 $ 155,986.85 $ 0.00 $ 155,986.85 % 5.300000054
A11 $ 94,180.74 $ 0.00 $ 94,180.74 % 3.200000045
A12 $ 273,067.16 $ 0.00 $ 273,067.16 % 5.400000021
A13 $ 156,760.77 $ 0.00 $ 156,760.77 %11.957142178
A14 $ 308,988.44 $ 0.00 $ 308,988.44 % 6.750000097
A15 $ 320,711.70 $ 0.00 $ 320,711.70 % 5.499999989
A16 $ 109,332.85 $ 0.00 $ 109,332.85 %11.571428114
A17 $ 43,733.86 $ 0.00 $ 43,733.86 %13.231783309
A18 $ 21,866.93 $ 0.00 $ 21,866.93 % 9.250000975
A19 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A20 $ 177,106.63 $ 0.00 $ 177,106.63 % 5.800000164
A21 $ 97,714.00 $ 0.00 $ 97,714.00 % 9.600000000
A22 $ 133,180.15 $ 0.00 $ 133,180.15 % 5.750000054
A23 $ 63,694.86 $ 0.00 $ 63,694.86 %10.607144552
A24 $ 215,971.88 $ 0.00 $ 215,971.88 % 6.750000156
A25 $ 60,193.13 $ 0.00 $ 60,193.13 % 5.800000482
A26 $ 33,210.00 $ 0.00 $ 33,210.00 % 9.600000000
RL $ 0.00 $ 0.00 $ 0.00 % 0.000000000
M $ 93,456.53 $ 0.00 $ 93,456.53 % 6.749999977
B1 $ 40,413.79 $ 0.00 $ 40,413.79 % 6.750000646
B2 $ 22,731.00 $ 0.00 $ 22,731.00 % 6.749998875
B3 $ 20,206.89 $ 0.00 $ 20,206.89 % 6.749998967
B4 $ 10,102.05 $ 0.00 $ 10,102.05 % 6.750002781
B5 $ 15,156.74 $ 0.00 $ 15,156.74 % 6.749999062
20. Principal Distribution Amount: $ 8,204,928.55
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,247.99 $ 0.00
Class A1 $ 687,064.81 $ 0.00
Class A2 $ 579,779.56 $ 0.00
Class A3 $ 1,239,495.30 $ 0.00
Class A4 $ 1,014,514.34 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 1,286,754.50 $ 0.00
Class A13 $ 333,603.02 $ 0.00
Class A14 $ 872,658.67 $ 0.00
Class A15 $ 1,715,798.48 $ 0.00
Class A16 $ 48,072.39 $ 0.00
Class A17 $ 231,318.20 $ 0.00
Class A18 $ 165,446.05 $ 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 SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 13,493.63 $ 0.00
Class B1 $ 5,835.11 $ 0.00
Class B2 $ 3,281.99 $ 0.00
Class B3 $ 2,917.55 $ 0.00
Class B4 $ 1,458.57 $ 0.00
Class B5 $ 2,188.39 $ 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:
$ 0.02
--------------
24. Subordinate Certificate Writedown Amount: $ 0.00
--------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A10 % 5.30000005
Class A11 % 3.20000005
Class A12 % 5.40000002
Class A13 % 11.95714218
Class A15 % 5.49999999
Class A16 % 11.57142811
Class A17 % 13.23178331
Class A18 % 9.25000097
Class A20 % 5.80000016
Class A21 % 9.60000000
Class A22 % 5.75000005
Class A23 % 10.60714455
Class A25 % 5.80000048
Class A26 % 9.60000000
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: $ 157,251.97
-----------
3. Supplemental Servicing Fee amount: $ 242,710.05
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.720656 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: % 4.279344
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.46
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-13, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of August 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.335907
-------------------------
Weighted average maturity 352.14
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.20000000 % 0.00000000
PO $ 1.00773245 $ 0.10051566 $ 0.00000000 % 0.00000000
A1 $ 13.46974612 $ 12.39441774 $ 5.06163347 % 6.74999997
A2 $ 19.61896183 $ 18.05272401 $ 4.80444505 % 6.74999990
A3 $ 11.26813909 $ 10.36857136 $ 5.15371482 % 6.75000004
A4 $ 10.14514340 $ 9.33522760 $ 5.20068360 % 6.74999998
A5 $ 0.00000000 $ 0.00000000 $ 5.62500023 % 6.75000027
A6 $ 0.00000000 $ 0.00000000 $ 5.20833329 % 6.24999995
A7 $ 0.00000000 $ 0.00000000 $ 5.20833350 % 6.25000020
A8 $ 0.00000000 $ 0.00000000 $ 5.20833333 % 6.25000000
A9 $ 0.00000000 $ 0.00000000 $ 5.20833324 % 6.24999989
A10 $ 0.00000000 $ 0.00000000 $ 4.41666671 % 5.30000005
A11 $ 0.00000000 $ 0.00000000 $ 2.66666670 % 3.20000005
A12 $ 19.80884070 $ 18.22744432 $ 4.20371087 % 5.40000002
A13 $ 19.80884048 $ 18.22744428 $ 9.30821635 %11.95714218
A14 $ 15.06610045 $ 13.86333051 $ 5.33456096 % 6.75000010
A15 $ 22.69424885 $ 20.88250206 $ 4.24193821 % 5.49999999
A16 $ 4.17548771 $ 3.84214627 $ 9.49646921 %11.57142811
A17 $ 49.05413343 $ 45.13800240 $ 9.27435284 %13.23178331
A18 $ 49.05413251 $ 45.13800121 $ 6.48346263 % 9.25000097
A19 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A20 $ 0.00000000 $ 0.00000000 $ 4.83333347 % 5.80000016
A21 $ 0.00000000 $ 0.00000000 $ 8.00000000 % 9.60000000
A22 $ 0.00000000 $ 0.00000000 $ 4.79166671 % 5.75000005
A23 $ 0.00000000 $ 0.00000000 $ 8.83928713 %10.60714455
A24 $ 0.00000000 $ 0.00000000 $ 5.62500013 % 6.75000016
A25 $ 0.00000000 $ 0.00000000 $ 4.83333373 % 5.80000048
A26 $ 0.00000000 $ 0.00000000 $ 8.00000000 % 9.60000000
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
M $ 0.80897062 $ 0.00000000 $ 5.60290947 % 6.74999998
B1 $ 0.80897130 $ 0.00000000 $ 5.60291002 % 6.75000065
B2 $ 0.80896968 $ 0.00000000 $ 5.60290855 % 6.74999888
B3 $ 0.80896992 $ 0.00000000 $ 5.60290864 % 6.74999897
B4 $ 0.80896839 $ 0.00000000 $ 5.60291181 % 6.75000278
B5 $ 0.80897010 $ 0.00000000 $ 5.60290872 % 6.74999906
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:
$ 157,251.97
-----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 832,478,852.13
--------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,532
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RQN8
PO $ 1,232,139.66 $ 1,230,891.67 $ 993.93 GEC9813PO
A1 $ 45,899,342.45 $ 45,212,277.64 $ 886.38 36157RPL3
A2 $ 25,241,059.92 $ 24,661,280.35 $ 834.50 36157RPM1
A3 $ 100,783,755.87 $ 99,544,260.57 $ 904.95 36157RPN9
A4 $ 92,456,597.61 $ 91,442,083.27 $ 914.42 36157RPP4
A5 $ 21,901,000.00 $ 21,901,000.00 $ 1,000.00 36157RPQ2
A6 $ 40,997,000.00 $ 40,997,000.00 $ 1,000.00 36157RPR0
A7 $ 20,000,000.00 $ 20,000,000.00 $ 1,000.00 36157RPS8
A8 $ 30,000,000.00 $ 30,000,000.00 $ 1,000.00 36157RPT6
A9 $ 32,615,223.00 $ 32,615,223.00 $ 1,000.00 36157RPU3
A10 $ 35,317,777.00 $ 35,317,777.00 $ 1,000.00 36157RPV1
A11 $ 35,317,777.00 $ 35,317,777.00 $ 1,000.00 36157RPW9
A12 $ 60,681,590.88 $ 59,394,836.39 $ 914.35 36157RPX7
A13 $ 15,732,264.55 $ 15,398,661.52 $ 914.35 36157RPY5
A14 $ 54,931,277.43 $ 54,058,618.76 $ 933.30 36157RPZ2
A15 $ 69,973,461.96 $ 68,257,663.48 $ 902.82 36157RQA6
A16 $ 11,338,221.93 $ 11,290,149.54 $ 980.64 36157RQB4
A17 $ 3,966,255.40 $ 3,734,937.19 $ 792.04 36157RQC2
A18 $ 2,836,790.62 $ 2,671,344.57 $ 792.04 36157RQD0
A19 $ 0.00 $ 0.00 $ 0.00 36157RQE8
A20 $ 36,642,750.00 $ 36,642,750.00 $ 1,000.00 36157RQF5
A21 $ 12,214,250.00 $ 12,214,250.00 $ 1,000.00 36157RQG3
A22 $ 27,794,118.00 $ 27,794,118.00 $ 1,000.00 36157RQH1
A23 $ 7,205,882.00 $ 7,205,882.00 $ 1,000.00 36157RQJ7
A24 $ 38,395,000.00 $ 38,395,000.00 $ 1,000.00 36157RQK4
A25 $ 12,453,750.00 $ 12,453,750.00 $ 1,000.00 36157RQL2
A26 $ 4,151,250.00 $ 4,151,250.00 $ 1,000.00 36157RQM0
SUP $ 784,092,532.77 $ 775,944,707.94 $ 918.56 GE9813SUP
RL $ 0.00 $ 0.00 $ 0.00 36157RQP3
M $ 16,614,494.28 $ 16,601,000.64 $ 995.26 36157RQQ1
B1 $ 7,184,673.09 $ 7,178,837.99 $ 995.26 36157RQR9
B2 $ 4,041,067.34 $ 4,037,785.35 $ 995.26 36157RQS7
B3 $ 3,592,336.55 $ 3,589,418.99 $ 995.26 36157RQT5
B4 $ 1,795,919.26 $ 1,794,460.68 $ 995.26 36157RQU2
B5 $ 2,694,531.93 $ 2,692,343.54 $ 995.26 36157RQV0
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 9 Principal Balance $ 2,830,234.82
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 1 Principal Balance $ 279,307.42
-------- -------------
4. In Foreclosure
Number 1 Principal Balance $ 235,798.38
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A10 % 5.30000005
A11 % 3.20000005
A12 % 5.40000002
A13 % 11.95714218
A15 % 5.49999999
A16 % 11.57142811
A17 % 13.23178331
A18 % 9.25000097
A20 % 5.80000016
A21 % 9.60000000
A22 % 5.75000005
A23 % 10.60714455
A25 % 5.80000048
A26 % 9.60000000
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------
2. Bankruptcy Loss Amount: $ 0.00
------------
3. Fraud Loss Amount: $ 0.00
------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.47
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-14, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 404,210.50
-------------
(b) Interest $ 2,992,027.63
-------------
(c) Total $ 3,396,238.13
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 333,530.40
-------------
(b) Interest $ 2,458,085.58
-------------
(c) Total $ 2,791,615.98
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 70,680.10
-------------
(b) Interest $ 533,942.05
-------------
(c) Total $ 604,622.15
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 112,710.53
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,967,344.63
-------------
(b) Interest $ 30,216.87
-------------
(c) Total $ 4,997,561.50
-------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $489,543,582.31
---------------
13. Available Funds: $ 8,263,948.04
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
--------------
17. Compensating Interest Payment: $ 2,703.73
--------------
18. Total interest payments: $ 2,779,682.40
--------------
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 $ 332,579.77 $ 0.00 $ 332,579.77 % 6.249999992
A2 $ 412,792.33 $ 0.00 $ 412,792.33 % 6.349999949
A3 $ 13,610.17 $ 0.00 $ 13,610.17 % 6.350001555
A4 $ 200,875.31 $ 0.00 $ 200,875.31 % 6.500000055
A5 $ 76,330.64 $ 0.00 $ 76,330.64 % 6.077340028
A6 $ 24,148.37 $ 0.00 $ 24,148.37 %10.382363100
A9 $ 39,029.63 $ 0.00 $ 0.00 % 6.749999493
A10 $ 373,949.79 $ 0.00 $ 373,949.79 % 6.749999992
A11 $ 123,897.80 $ 0.00 $ 123,897.80 % 6.199999779
A12 $ 532,543.66 $ 0.00 $ 532,543.66 % 6.500000026
A7 $ 522,328.45 $ 0.00 $ 172,232.91 % 8.205778494
A8 $ 9,638.71 $ 0.00 $ 9,638.71 % 6.749997615
RL $ 0.00 $ 0.00 $ 0.00 % 0.000000000
M $ 54,554.14 $ 0.00 $ 54,554.14 % 6.750000423
B1 $ 23,590.98 $ 0.00 $ 23,590.98 % 6.750000531
B2 $ 13,269.93 $ 0.00 $ 13,269.93 % 6.750001249
B3 $ 11,795.49 $ 0.00 $ 11,795.49 % 6.750002124
B4 $ 5,897.74 $ 0.00 $ 5,897.74 % 6.749996402
B5 $ 8,849.49 $ 0.00 $ 8,849.49 % 6.750000415
20. Principal Distribution Amount: $ 5,484,265.64
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 931.35 $ 0.00
Class A1 $ 548,417.52 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 195,799.00 $ 0.00
Class A5 $ 2,717,466.91 $ 0.00
Class A6 $ 503,234.61 $ 0.00
Class A9 $ 380,158.74 $ 39,029.63
Class A10 $ 767,956.86 $ 0.00
Class A11 $ 205,952.67 $ 0.00
Class A12 $ 534,954.24 $ 0.00
Class A7 $ 0.00 $ 350,095.54
Class A8 $ 1,398.93 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 7,917.80 $ 0.00
Class B1 $ 3,423.91 $ 0.00
Class B2 $ 1,925.95 $ 0.00
Class B3 $ 1,711.96 $ 0.00
Class B4 $ 855.98 $ 0.00
Class B5 $ 1,284.38 $ 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 A5 % 6.07734003
Class A6 % 10.38236310
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: $ 95,529.43
-----------
3. Supplemental Servicing Fee amount: $ 140,617.83
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.756430 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: % 4.243570
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.48
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-14, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
Weighted average coupon % 7.330317
------------------------
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 $ 1.07589051 $ 0.17841981 $ 0.00000000 % 0.00000000
A1 $ 8.37035852 $ 7.77880050 $ 5.07608129 % 6.24999999
A2 $ 0.00000000 $ 0.00000000 $ 5.29166662 % 6.34999995
A3 $ 0.00000000 $ 0.00000000 $ 5.29166796 % 6.35000156
A4 $ 5.19319418 $ 4.82617564 $ 5.32783359 % 6.50000006
A5 $ 79.84112407 $ 74.19851433 $ 2.24264887 % 6.07734003
A6 $ 79.84112360 $ 74.19851498 $ 3.83128059 %10.38236310
A9 $ 44.10201810 $ 45.67443956 $ 5.04584745 % 6.74999949
A10 $ 10.84546964 $ 10.07898812 $ 5.28110537 % 6.74999999
A11 $ 8.37035846 $ 7.77880024 $ 5.03547246 % 6.19999978
A12 $ 5.34954240 $ 4.97147440 $ 5.32543660 % 6.50000003
A7 $ 0.00000000 $ 0.00000000 $ 6.96437933 % 8.20577849
A8 $ 0.81380454 $ 0.75628854 $ 5.60716114 % 6.74999761
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
M $ 0.81380440 $ 0.00000000 $ 5.60716347 % 6.75000042
B1 $ 0.81380355 $ 0.00000000 $ 5.60716356 % 6.75000053
B2 $ 0.81391020 $ 0.00000000 $ 5.60789809 % 6.75000125
B3 $ 0.81380613 $ 0.00000000 $ 5.60716489 % 6.75000212
B4 $ 0.81380613 $ 0.00000000 $ 5.60716014 % 6.74999640
B5 $ 0.81380154 $ 0.00000000 $ 5.60716348 % 6.75000041
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
A9 $ 39,029.63
A7 $ 350,095.54
2. The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 95,529.43
-----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 489,543,582.31
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,535
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RRJ6
PO $ 862,087.39 $ 861,156.04 $ 994.80 GEC9814PO
A1 $ 63,855,315.92 $ 63,306,898.39 $ 966.24 36157RQW8
A2 $ 78,008,000.00 $ 78,008,000.00 $ 1,000.00 36157RQX6
A3 $ 2,572,000.00 $ 2,572,000.00 $ 1,000.00 36157RQY4
A4 $ 37,084,672.30 $ 36,888,873.30 $ 978.41 36157RQZ1
A5 $ 15,071,851.76 $ 12,354,384.85 $ 362.98 36157RRA5
A6 $ 2,791,083.66 $ 2,287,849.05 $ 362.98 36157RRB3
A9 $ 6,938,601.41 $ 6,597,472.30 $ 852.94 36157RRE7
A10 $ 66,479,962.75 $ 65,712,005.88 $ 928.02 36157RRF4
A11 $ 23,980,220.21 $ 23,774,267.54 $ 966.24 36157RRG2
A12 $ 98,315,752.22 $ 97,780,797.97 $ 977.81 36157RRH0
A7 $ 76,384,482.04 $ 76,734,577.58 $ 1,023.13 36157RRC1
A8 $ 1,713,549.05 $ 1,712,150.12 $ 996.02 36157RRD9
SUP $ 454,273,365.05 $ 448,829,778.63 $ 925.42 GE9814SUP
RL $ 0.00 $ 0.00 $ 0.00 36157RRK3
M $ 9,698,513.17 $ 9,690,595.37 $ 996.02 36157RRL1
B1 $ 4,193,951.67 $ 4,190,527.75 $ 996.02 36157RRM9
B2 $ 2,359,098.23 $ 2,357,172.28 $ 996.15 36157RRN7
B3 $ 2,096,975.34 $ 2,095,263.38 $ 996.02 36157RSX4
B4 $ 1,048,487.67 $ 1,047,631.69 $ 996.02 36157RSY2
B5 $ 1,573,242.57 $ 1,571,958.18 $ 996.02 36157RSZ9
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 10 Principal Balance $4,064,215.53
-------- -------------
2. 60-89 days
Number 3 Principal Balance $1,160,846.36
-------- -------------
3. 90 days or more
Number 1 Principal Balance $ 247,185.69
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
--------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A5 % 6.07734003
A6 % 10.38236310
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------
2. Bankruptcy Loss Amount: $ 0.00
------------
3. Fraud Loss Amount: $ 0.00
------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.49
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-15, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 359,612.68
-------------
(b) Interest $ 2,683,906.39
-------------
(c) Total $ 3,043,519.07
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 279,794.50
-------------
(b) Interest $ 2,091,746.61
-------------
(c) Total $ 2,371,541.11
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 79,818.18
-------------
(b) Interest $ 592,159.78
-------------
(c) Total $ 671,977.96
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 49,695.03
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 7,579,569.02
-------------
(b) Interest $ 46,830.41
-------------
(c) Total $ 7,626,399.43
-------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $440,356,052.61
---------------
13. Available Funds: $ 10,505,787.00
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 5,592.62
-------------
18. Total interest payments: $2,516,910.26
-------------
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 $ 1,345,996.05 $ 0.00 $1,345,996.05 % 6.750000011
A2 $ 470,308.67 $ 0.00 $ 470,308.67 % 6.749999949
A3 $ 148,085.63 $ 0.00 $ 148,085.63 % 5.877339998
A4 $ 66,080.62 $ 0.00 $ 66,080.62 %10.115974136
A5 $ 8,437.50 $ 0.00 $ 8,437.50 % 6.750000000
A6 $ 8,437.50 $ 0.00 $ 8,437.50 % 6.750000000
A7 $ 11,250.00 $ 0.00 $ 11,250.00 % 6.750000000
A8 $ 46,428.57 $ 0.00 $ 46,428.57 % 6.499999475
A9 $ 29,166.67 $ 0.00 $ 29,166.67 % 7.000000800
A10 $ 8,779.76 $ 0.00 $ 8,779.76 % 7.375000613
A11 $ 267,187.50 $ 0.00 $ 267,187.50 % 6.750000000
M $ 49,370.32 $ 0.00 $ 49,370.32 % 6.749999691
B1 $ 21,349.33 $ 0.00 $ 21,349.33 % 6.750000559
B2 $ 12,009.00 $ 0.00 $ 12,009.00 % 6.750002793
B3 $ 10,674.66 $ 0.00 $ 10,674.66 % 6.749997380
B4 $ 5,337.33 $ 0.00 $ 5,337.33 % 6.750000972
B5 $ 8,011.15 $ 0.00 $ 8,011.15 % 6.750002296
20. Principal Distribution Amount: $ 7,988,876.74
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 871.74 $ 0.00
Class A1 $ 6,386,141.87 $ 0.00
Class A2 $ 1,586,644.45 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 7,038.30 $ 0.00
Class B1 $ 3,043.59 $ 0.00
Class B2 $ 1,712.02 $ 0.00
Class B3 $ 1,521.79 $ 0.00
Class B4 $ 760.90 $ 0.00
Class B5 $ 1,142.08 $ 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 % 5.87734000
Class A4 % 10.11597414
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: $ 85,609.98
-----------
3. Supplemental Servicing Fee amount: $ 121,183.98
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.758618 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: % 4.241382
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.50
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-15, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
Weighted average coupon % 7.313973
-----------------------
Weighted average maturity 352.76
-----------------------
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 $ 0.97089699 $ 0.08158190 $ 0.00000000 % 0.00000000
A1 $ 24.43735959 $ 23.38420619 $ 5.15061991 % 6.75000001
A2 $ 17.81025582 $ 17.04270424 $ 5.27926577 % 6.74999995
A3 $ 0.00000000 $ 0.00000000 $ 4.89778333 % 5.87734000
A4 $ 0.00000000 $ 0.00000000 $ 8.42997845 %10.11597414
A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A6 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A7 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A8 $ 0.00000000 $ 0.00000000 $ 5.41666623 % 6.49999948
A9 $ 0.00000000 $ 0.00000000 $ 5.83333400 % 7.00000080
A10 $ 0.00000000 $ 0.00000000 $ 6.14583384 % 7.37500061
A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
M $ 0.79939159 $ 0.00000000 $ 5.60735100 % 6.74999969
B1 $ 0.79939181 $ 0.00000000 $ 5.60735172 % 6.75000056
B2 $ 0.79939224 $ 0.00000000 $ 5.60735358 % 6.75000279
B3 $ 0.79938919 $ 0.00000000 $ 5.60734909 % 6.74999738
B4 $ 0.79939486 $ 0.00000000 $ 5.60735204 % 6.75000097
B5 $ 0.79939159 $ 0.00000000 $ 5.60735321 % 6.75000230
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:
$ 85,609.98
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 440,356,052.61
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,291
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RSA4
PO $ 894,215.86 $ 893,344.13 $ 994.96 GEC9815PO
A1 $ 239,288,186.27 $ 232,902,044.40 $ 891.23 36157RRP2
A2 $ 83,610,430.85 $ 82,023,786.41 $ 920.73 36157RRQ0
A3 $ 30,235,235.00 $ 30,235,235.00 $ 1,000.00 36157RRR8
A4 $ 7,838,765.00 $ 7,838,765.00 $ 1,000.00 36157RRS6
A5 $ 1,500,000.00 $ 1,500,000.00 $ 1,000.00 36157RRT4
A6 $ 1,500,000.00 $ 1,500,000.00 $ 1,000.00 36157RRU1
A7 $ 2,000,000.00 $ 2,000,000.00 $ 1,000.00 36157RRV9
A8 $ 8,571,429.00 $ 8,571,429.00 $ 1,000.00 36157RRW7
A9 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36157RRX5
A10 $ 1,428,571.00 $ 1,428,571.00 $ 1,000.00 36157RRY3
A11 $ 47,500,000.00 $ 47,500,000.00 $ 1,000.00 36157RRZ0
SUP $ 404,496,749.50 $ 396,550,226.35 $ 918.20 GE9815SUP
M $ 8,776,946.18 $ 8,769,907.88 $ 996.06 36157RSB2
B1 $ 3,795,436.13 $ 3,792,392.54 $ 996.06 36157RSC0
B2 $ 2,134,932.45 $ 2,133,220.43 $ 996.06 36157RSD8
B3 $ 1,897,718.07 $ 1,896,196.27 $ 996.06 36157RSR7
B4 $ 948,858.53 $ 948,097.64 $ 996.06 36157RSS5
B5 $ 1,424,203.96 $ 1,423,061.88 $ 996.06 36157RST3
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 12 Principal Balance $ 3,764,909.19
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A3 % 5.87734000
A4 % 10.11597414
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.51
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-16, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 782,776.71
-------------
(b) Interest $ 1,361,070.31
-------------
(c) Total $ 2,143,847.02
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 421,052.71
-------------
(b) Interest $ 728,388.95
-------------
(c) Total $ 1,149,441.66
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 361,724.00
-------------
(b) Interest $ 632,681.36
-------------
(c) Total $ 994,405.36
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 177,158.19
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,105,002.16
-------------
(b) Interest $ 4,091.31
-------------
(c) Total $ 1,109,093.47
-------------
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 $ 7,261,628.56
---------------
(b) Interest $ 43,231.71
---------------
(c) Total $ 7,304,860.27
---------------
12. Pool Scheduled Principal Balance: $229,794,576.00
---------------
13. Available Funds: $ 10,619,437.39
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 3,903.42
-------------
18. Total interest payments: $ 1,292,871.82
-------------
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 $ 273,275.93 $ 0.00 $ 273,275.93 %6.499999999
A2 $ 36,562.50 $ 0.00 $ 36,562.50 %6.500000000
A3 $ 144,340.67 $ 0.00 $ 144,340.67 %6.500000043
A5 $ 249,324.13 $ 0.00 $ 249,324.13 %6.249999881
A4 $ 9,972.97 $ 0.00 $ 9,972.97 %0.250000116
A6 $ 552,729.57 $ 0.00 $ 552,729.57 %6.499999960
RL $ 0.00 $ 0.00 $ 0.00 %0.000000000
M $ 9,999.77 $ 0.00 $ 9,999.77 %6.499998784
B1 $ 3,333.25 $ 0.00 $ 3,333.25 %6.499992720
B2 $ 3,333.25 $ 0.00 $ 3,333.25 %6.499992720
B3 $ 5,999.86 $ 0.00 $ 5,999.86 %6.499997779
B4 $ 1,999.95 $ 0.00 $ 1,999.95 %6.499992755
B5 $ 1,999.97 $ 0.00 $ 1,999.97 %6.500002302
20. Principal Distribution Amount: $ 9,326,565.57
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 6,300.21 $ 0.00
Class A1 $ 2,645,380.34 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 87,221.46 $ 0.00
Class A5 $ 2,510,061.72 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A6 $ 4,061,488.21 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 6,042.61 $ 0.00
Class B1 $ 2,014.20 $ 0.00
Class B2 $ 2,014.20 $ 0.00
Class B3 $ 3,625.57 $ 0.00
Class B4 $ 1,208.52 $ 0.00
Class B5 $ 1,208.53 $ 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: $ 46,291.97
----------
3. Supplemental Servicing Fee amount: $ 66,577.75
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 97.937455 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: % 2.062545
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.52
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-16, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
Weighted average coupon % 7.086497
------------------------
Weighted average maturity 171.51
------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 14.20479475 $ 10.76304261 $ 0.00000000 %0.00000000
A1 $ 49.70419247 $ 45.61671695 $ 5.13459604 %6.50000000
A2 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A3 $ 3.23042444 $ 2.96476704 $ 5.34595074 %6.50000004
A5 $ 49.70419248 $ 45.61671683 $ 4.93711149 %6.24999988
A4 $ 0.00000000 $ 0.00000000 $ 0.19748455 %0.25000012
A6 $ 38.13603953 $ 34.99988291 $ 5.18994901 %6.49999996
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
M $ 3.23042322 $ 0.00000000 $ 5.34594971 %6.49999878
B1 $ 3.23042132 $ 0.00000000 $ 5.34594473 %6.49999272
B2 $ 3.23042132 $ 0.00000000 $ 5.34594473 %6.49999272
B3 $ 3.23042736 $ 0.00000000 $ 5.34594888 %6.49999778
B4 $ 3.23042132 $ 0.00000000 $ 5.34594473 %6.49999276
B5 $ 3.23042051 $ 0.00000000 $ 5.34595261 %6.50000230
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:
$ 46,291.97
-----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 229,794,576.00
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 759
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RSL0
PO $ 437,110.04 $ 430,809.83 $ 971.33 GEC9816PO
A1 $ 50,450,940.93 $ 47,805,560.59 $ 898.22 36157RSE6
A2 $ 6,750,000.00 $ 6,750,000.00 $ 1,000.00 36157RSF3
A3 $ 26,647,508.13 $ 26,560,286.66 $ 983.71 36157RSG1
A5 $ 47,870,233.87 $ 45,360,172.15 $ 898.22 36157RSJ5
A4 $ 47,870,233.87 $ 45,360,172.15 $ 898.22 36157RSH9
A6 $ 102,042,382.78 $ 97,980,894.57 $ 920.01 36157RSK2
SUP $ 215,350,034.03 $ 207,012,561.56 $ 918.89 GE9816SUP
RL $ 0.00 $ 0.00 $ 0.00 GEC9816RL
M $ 1,846,111.73 $ 1,840,069.11 $ 983.71 36157RSM8
B1 $ 615,369.92 $ 613,355.72 $ 983.71 36157RSN6
B2 $ 615,369.92 $ 613,355.72 $ 983.71 36157RSP1
B3 $ 1,107,666.84 $ 1,104,041.27 $ 983.71 36157RSU0
B4 $ 369,221.95 $ 368,013.43 $ 983.71 36157RSV8
B5 $ 369,225.10 $ 368,016.57 $ 983.71 36157RSW6
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 5 Principal Balance $ 1,330,931.57
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 480,775.95
-------- -------------
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 99.53
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-17, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 411,123.96
-------------
(b) Interest $ 3,038,322.23
-------------
(c) Total $ 3,449,446.19
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 355,181.64
-------------
(b) Interest $ 2,610,022.88
-------------
(c) Total $ 2,965,204.52
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 55,942.32
-------------
(b) Interest $ 428,299.35
-------------
(c) Total $ 484,241.67
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 149,532.49
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 5,858,361.43
-------------
(b) Interest $ 32,718.55
-------------
(c) Total $ 5,891,079.98
-------------
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: $500,063,242.12
---------------
13. Available Funds: $ 9,262,434.58
---------------
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: $ 6,956.72
-------------
18. Total interest payments: $ 2,843,416.71
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 545,757.45 $ 0.00 $ 545,757.45 %6.749999983
A2 $ 41,461.88 $ 0.00 $ 41,461.88 %6.750000814
A3 $ 280,589.57 $ 0.00 $ 280,589.57 %6.750000114
A4 $ 265,895.39 $ 0.00 $ 265,895.39 %6.749999988
A5 $ 183,877.94 $ 0.00 $ 183,877.94 %6.750000115
A6 $ 969,640.53 $ 0.00 $ 969,640.53 %6.750000008
A7 $ 54,405.00 $ 0.00 $ 54,405.00 %6.750000000
A9 $ 131,024.64 $ 0.00 $ 131,024.64 %6.500000058
A8 $ 5,039.41 $ 0.00 $ 5,039.41 %0.250000040
A10 $ 70,921.13 $ 0.00 $ 70,921.13 %5.800000095
A11 $ 39,128.90 $ 0.00 $ 39,128.90 %9.599999019
A12 $ 99,112.50 $ 0.00 $ 99,112.50 %6.750000000
A13 $ 39,418.65 $ 0.00 $ 39,418.65 %6.750000000
RL $ 0.00 $ 0.00 $ 0.00 %0.000000000
M $ 43,927.38 $ 0.00 $ 43,927.38 %6.750000078
B1 $ 21,963.69 $ 0.00 $ 21,963.69 %6.750000069
B2 $ 14,640.59 $ 0.00 $ 14,640.59 %6.750000326
B3 $ 19,040.06 $ 0.00 $ 19,040.06 %6.749999592
B4 $ 8,782.11 $ 0.00 $ 8,782.11 %6.750000821
B5 $ 8,789.89 $ 0.00 $ 8,789.89 %6.749996808
20. Principal Distribution Amount: $ 6,419,017.87
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,118.25 $ 0.00
Class A1 $ 1,513,094.92 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 40,482.21 $ 0.00
Class A4 $ 1,246,982.03 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 3,157,382.30 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A9 $ 443,057.20 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class A13 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 6,337.65 $ 0.00
Class B1 $ 3,168.82 $ 0.00
Class B2 $ 2,112.28 $ 0.00
Class B3 $ 2,747.01 $ 0.00
Class B4 $ 1,267.04 $ 0.00
Class B5 $ 1,268.16 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement: $ 0.00
------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement: $ 0.00
------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A10 % 5.80000010
Class A11 % 9.59999902
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: $ 93,310.47
-----------
3. Supplemental Servicing Fee amount: $ 127,400.90
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.880177 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: % 4.119823
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.54
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-17, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.287533
-------------------------
Weighted average maturity 353.23
-------------------------
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 $ 1.12993600 $ 0.23211053 $ 0.00000000 %0.00000000
A1 $ 15.03376762 $ 14.10995882 $ 5.42252212 %6.74999998
A2 $ 0.00000000 $ 0.00000000 $ 5.62500068 %6.75000081
A3 $ 0.80961245 $ 0.75986260 $ 5.61157131 %6.75000011
A4 $ 24.81260009 $ 23.28789259 $ 5.29081881 %6.74999999
A5 $ 0.00000000 $ 0.00000000 $ 5.62500010 %6.75000011
A6 $ 17.54682185 $ 16.46858861 $ 5.38867581 %6.75000001
A7 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A9 $ 17.54682189 $ 16.46858849 $ 5.18909527 %6.50000006
A8 $ 0.00000000 $ 0.00000000 $ 0.19958062 %0.25000004
A10 $ 0.00000000 $ 0.00000000 $ 4.83333341 %5.80000010
A11 $ 0.00000000 $ 0.00000000 $ 7.99999918 %9.59999902
A12 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A13 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
M $ 0.80961293 $ 0.00000000 $ 5.61157128 %6.75000008
B1 $ 0.80961165 $ 0.00000000 $ 5.61157128 %6.75000007
B2 $ 0.80961288 $ 0.00000000 $ 5.61157148 %6.75000033
B3 $ 0.80961096 $ 0.00000000 $ 5.61157088 %6.74999959
B4 $ 0.80961022 $ 0.00000000 $ 5.61157188 %6.75000082
B5 $ 0.80960815 $ 0.00000000 $ 5.61156838 %6.74999681
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:
$ 93,310.47
-------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 500,063,242.12
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,510
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RTM7
PO $ 985,958.73 $ 984,840.48 $ 995.13 GEC9817PO
A1 $ 97,023,546.91 $ 95,510,451.99 $ 948.97 36157RTA3
A2 $ 7,371,000.00 $ 7,371,000.00 $ 1,000.00 36157RTB1
A3 $ 49,882,589.38 $ 49,842,107.17 $ 996.80 36157RTC9
A4 $ 47,270,291.64 $ 46,023,309.61 $ 915.78 36157RTD7
A5 $ 32,689,411.00 $ 32,689,411.00 $ 1,000.00 36157RTE5
A6 $ 172,380,538.47 $ 169,223,156.17 $ 940.44 36157RTF2
A7 $ 9,672,000.00 $ 9,672,000.00 $ 1,000.00 36157RTG0
A9 $ 24,189,164.09 $ 23,746,106.89 $ 940.44 36157RTJ4
A8 $ 24,189,164.09 $ 23,746,106.89 $ 940.44 36157RTH8
A10 $ 14,673,337.00 $ 14,673,337.00 $ 1,000.00 36157RTK1
A11 $ 4,891,113.00 $ 4,891,113.00 $ 1,000.00 36157RTL9
A12 $ 17,620,000.00 $ 17,620,000.00 $ 1,000.00 36157RUY9
A13 $ 7,007,760.00 $ 7,007,760.00 $ 1,000.00 36157RUZ6
SUP $ 459,284,339.22 $ 452,912,209.27 $ 954.45 GE9817SUP
RL $ 0.00 $ 0.00 $ 0.00 36157RTN5
M $ 7,809,311.91 $ 7,802,974.27 $ 996.80 36157RTP0
B1 $ 3,904,655.96 $ 3,901,487.13 $ 996.80 36157RTQ8
B2 $ 2,602,771.43 $ 2,600,659.15 $ 996.80 36157RTR6
B3 $ 3,384,899.76 $ 3,382,152.74 $ 996.80 36157RVA0
B4 $ 1,561,263.81 $ 1,559,996.77 $ 996.80 36157RVB8
B5 $ 1,562,647.85 $ 1,561,379.69 $ 996.80 36157RVC6
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 12 Principal Balance $ 4,035,968.49
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 1 Principal Balance $ 649,056.11
-------- -------------
4. In Foreclosure
Number 1 Principal Balance $ 250,183.61
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A10 % 5.80000010
A11 % 9.59999902
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------
2. Bankruptcy Loss Amount: $ 0.00
------------
3. Fraud Loss Amount: $ 0.00
------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.55
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-18, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. rtgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 549,921.38
-------------
(b) Interest $ 951,827.91
-------------
(c) Total $ 1,501,749.29
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 288,272.43
-------------
(b) Interest $ 502,342.61
-------------
(c) Total $ 790,615.04
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 261,648.95
-------------
(b) Interest $ 449,485.30
-------------
(c) Total $ 711,134.25
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 95,414.61
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,906,597.40
-------------
(b) Interest $ 23,162.35
-------------
(c) Total $ 3,929,759.75
-------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 242,044.86
---------------
(b) Interest $ 1,329.53
---------------
(c) Total $ 243,374.39
---------------
12. Pool Scheduled Principal Balance: $162,015,299.29
---------------
13. Available Funds: $ 5,662,670.24
---------------
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: $ 1,557.17
------------
18. Total interest payments: $ 868,691.98
------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A $ 850,163.02 $ 0.00 $ 850,163.02 % 6.250000005
M $ 6,947.72 $ 0.00 $ 6,947.72 % 6.250002343
B1 $ 2,315.91 $ 0.00 $ 2,315.91 % 6.250011385
B2 $ 2,315.91 $ 0.00 $ 2,315.91 % 6.250011385
B3 $ 3,703.39 $ 0.00 $ 3,703.39 % 6.250006592
B4 $ 1,851.69 $ 0.00 $ 1,851.69 % 6.249989628
B5 $ 1,394.34 $ 0.00 $ 1,394.34 % 6.250005836
20. Principal Distribution Amount: $4,793,978.26
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 180.99 $ 0.00
Class A $ 4,782,069.16 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 4,397.64 $ 0.00
Class B1 $ 1,465.88 $ 0.00
Class B2 $ 1,465.88 $ 0.00
Class B3 $ 2,344.10 $ 0.00
Class B4 $ 1,172.05 $ 0.00
Class B5 $ 882.56 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
--------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
--------------
24. Subordinate Certificate Writedown Amount: $ 0.00
--------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
--------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 35,494.75
----------
3. Supplemental Servicing Fee amount: $ 72,034.73
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 97.867029 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: % 2.132971
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.56
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-18, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.03357
--------------------
Weighted average maturity 172.46
--------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
PO $ 3.84512428 $ 2.29296792 $ 0.00000000 % 0.00000000
A $ 27.17440132 $ 24.11650017 $ 4.83110351 % 6.25000001
M $ 3.26476615 $ 0.00000000 $ 5.15792131 % 6.25000234
B1 $ 3.26476615 $ 0.00000000 $ 5.15792873 % 6.25001139
B2 $ 3.26476615 $ 0.00000000 $ 5.15792873 % 6.25001139
B3 $ 3.26476323 $ 0.00000000 $ 5.15792479 % 6.25000659
B4 $ 3.26476323 $ 0.00000000 $ 5.15791086 % 6.24998963
B5 $ 3.26475435 $ 0.00000000 $ 5.15792421 % 6.25000584
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:
$ 35,494.75
----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $162,015,299.29
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 483
------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RTT2
PO $ 20,419.46 $ 20,238.47 $ 429.97 GEC9818PO
A $ 163,231,299.70 $ 158,449,230.55 $ 900.40 36157RTS4
SUP $ 165,517,288.22 $ 160,731,847.82 $ 904.38 GE9818SUP
M $ 1,333,961.74 $ 1,329,564.11 $ 987.06 36157RTU9
B1 $ 444,653.91 $ 443,188.04 $ 987.06 36157RTV7
B2 $ 444,653.91 $ 443,188.04 $ 987.06 36157RTW5
B3 $ 711,050.13 $ 708,706.03 $ 987.06 GEC9818B3
B4 $ 355,525.07 $ 354,353.02 $ 987.06 GEC9818B4
B5 $ 267,713.03 $ 266,830.47 $ 987.06 GEC9818B5
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the month
preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 3 Principal Balance $ 1,053,443.57
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 1 Principal Balance $ 286,177.44
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.57
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-19, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 294,695.13
-------------
(b) Interest $ 2,184,942.29
-------------
(c) Total $ 2,479,637.42
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 245,205.83
-------------
(b) Interest $ 1,818,743.98
-------------
(c) Total $ 2,063,949.81
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 49,489.30
-------------
(b) Interest $ 366,198.31
-------------
(c) Total $ 415,687.61
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 56,605.18
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,872,249.53
-------------
(b) Interest $ 11,491.17
-------------
(c) Total $ 1,883,740.70
-------------
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: $360,591,440.78
---------------
13. Available Funds: $ 4,188,434.17
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 1,534.78
-------------
18. Total interest payments: $ 1,964,884.32
-------------
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 $ 655,309.33 $ 0.00 $ 655,309.33 %6.499999968
A2 $ 779,967.31 $ 0.00 $ 779,967.31 %6.499999979
A3 $ 80,740.83 $ 0.00 $ 80,740.83 %6.499999732
A4 $ 5,416.67 $ 0.00 $ 5,416.67 %6.500004000
A5 $ 5,416.67 $ 0.00 $ 5,416.67 %6.500004000
A6 $ 39,278.36 $ 0.00 $ 39,278.36 %7.000000149
A7 $ 5,239.67 $ 0.00 $ 5,239.67 %6.500000351
A8 $ 27,083.33 $ 0.00 $ 27,083.33 %6.499999200
A9 $ 11,010.33 $ 0.00 $ 0.00 %6.499999833
A10 $ 54,159.78 $ 0.00 $ 54,159.78 %6.177340345
A11 $ 15,980.15 $ 0.00 $ 15,980.15 %6.509497851
A12 $ 203,910.42 $ 0.00 $ 203,910.42 %6.500000106
M $ 30,509.90 $ 0.00 $ 30,509.90 %6.500000961
B1 $ 15,260.35 $ 0.00 $ 15,260.35 %6.499999342
B2 $ 10,169.97 $ 0.00 $ 10,169.97 %6.500003092
B3 $ 13,223.12 $ 0.00 $ 13,223.12 %6.500001850
B4 $ 6,100.90 $ 0.00 $ 6,100.90 %6.500001789
B5 $ 6,107.23 $ 0.00 $ 6,107.23 %6.499999512
20. Principal Distribution Amount: $ 2,223,549.85
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 71.44 $ 0.00
Class A1 $ 1,112,855.56 $ 0.00
Class A2 $ 1,098,421.24 $ 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 $ 11,010.33 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 11,010.33
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 4,574.94 $ 0.00
Class B1 $ 2,288.28 $ 0.00
Class B2 $ 1,524.98 $ 0.00
Class B3 $ 1,982.80 $ 0.00
Class B4 $ 914.83 $ 0.00
Class B5 $ 915.78 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A10 % 6.17734035
Class A11 % 6.50949785
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: $ 67,604.20
-----------
3. Supplemental Servicing Fee amount: $ 154,732.48
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.858715 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: % 4.141285
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.58
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-19, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.267066
---------------------
Weighted average maturity 353.73
---------------------
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 $ 1.06086490 $ 0.13943899 $ 0.00000000 % 0.00000000
A1 $ 8.70608692 $ 7.59411711 $ 5.12661318 % 6.49999997
A2 $ 7.28637638 $ 6.35573665 $ 5.17391250 % 6.49999998
A3 $ 0.00000000 $ 0.00000000 $ 5.41666644 % 6.49999973
A4 $ 0.00000000 $ 0.00000000 $ 5.41667000 % 6.50000400
A5 $ 0.00000000 $ 0.00000000 $ 5.41667000 % 6.50000400
A6 $ 0.00000000 $ 0.00000000 $ 5.83333346 % 7.00000015
A7 $ 11.01033000 $ 9.60405000 $ 5.23967000 % 6.50000035
A8 $ 0.00000000 $ 0.00000000 $ 5.41666600 % 6.49999920
A9 $ 0.00000000 $ 0.00000000 $ 5.50516500 % 6.49999983
A10 $ 0.00000000 $ 0.00000000 $ 5.14778362 % 6.17734035
A11 $ 0.00000000 $ 0.00000000 $ 5.42458154 % 6.50949785
A12 $ 0.00000000 $ 0.00000000 $ 5.41666676 % 6.50000011
M $ 0.81029756 $ 0.00000000 $ 5.40380801 % 6.50000096
B1 $ 0.81029745 $ 0.00000000 $ 5.40380666 % 6.49999934
B2 $ 0.81029756 $ 0.00000000 $ 5.40380978 % 6.50000309
B3 $ 0.81029832 $ 0.00000000 $ 5.40380875 % 6.50000185
B4 $ 0.81030115 $ 0.00000000 $ 5.40380868 % 6.50000179
B5 $ 0.81030159 $ 0.00000000 $ 5.40380680 % 6.49999951
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
A9 $ 11,010.33
2. The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 67,604.20
-----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 360,591,440.78
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,079
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RUK9
PO $ 67,117.73 $ 67,046.28 $ 995.62 GEC9819PO
A1 $ 120,980,184.59 $ 119,867,329.03 $ 937.75 36157RTX3
A2 $ 143,993,965.38 $ 142,895,544.14 $ 947.90 36157RTY1
A3 $ 14,906,000.00 $ 14,906,000.00 $ 1,000.00 36157RTZ8
A4 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RUA1
A5 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RUB9
A6 $ 6,733,433.00 $ 6,733,433.00 $ 1,000.00 36157RUC7
A7 $ 967,323.64 $ 956,313.31 $ 956.31 36157RUD5
A8 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36157RUE3
A9 $ 2,032,676.36 $ 2,043,686.69 $ 1,021.84 36157RUF0
A10 $ 10,520,990.00 $ 10,520,990.00 $ 1,000.00 36157RUG8
A11 $ 2,945,877.00 $ 2,945,877.00 $ 1,000.00 36157RUH6
A12 $ 37,645,000.00 $ 37,645,000.00 $ 1,000.00 36157RUJ2
SUP $ 359,476,200.04 $ 357,255,994.15 $ 957.53 GE9819SUP
M $ 5,632,596.09 $ 5,628,021.16 $ 996.82 36157RUL7
B1 $ 2,817,295.67 $ 2,815,007.39 $ 996.82 36157RUM5
B2 $ 1,877,532.03 $ 1,876,007.05 $ 996.82 36157RUN3
B3 $ 2,441,190.69 $ 2,439,207.89 $ 996.82 GEC9819B3
B4 $ 1,126,319.69 $ 1,125,404.87 $ 996.82 GEC9819B4
B5 $ 1,127,488.70 $ 1,126,572.93 $ 996.82 GEC9819B5
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 4 Principal Balance $ 1,293,724.52
--------
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
--------
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
--------
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A10 % 6.17734035
A11 % 6.50949785
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.59
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-20, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 278,925.73
-------------
(b) Interest $ 2,032,026.85
-------------
(c) Total $ 2,310,952.58
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 81,060.81
-------------
(b) Interest $ 535,126.97
-------------
(c) Total $ 616,187.78
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 197,864.92
-------------
(b) Interest $ 1,496,899.88
-------------
(c) Total $ 1,694,764.80
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 124,666.69
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 5,676,035.83
-------------
(b) Interest $ 32,103.05
-------------
(c) Total $ 5,708,138.88
-------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $324,065,988.65
---------------
13. Available Funds: $ 7,867,577.07
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 4,444.04
-------------
18. Total interest payments: $ 1,787,948.81
-------------
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 $ 1,446,056.13 $ 0.00 $ 1,446,056.13 %6.500000006
A2 $ 27,083.33 $ 0.00 $ 27,083.33 %6.499999200
A3 $ 27,083.33 $ 0.00 $ 27,083.33 %6.499999200
A4 $ 21,802.08 $ 0.00 $ 21,802.08 %6.499999006
A5 $ 190,076.25 $ 0.00 $ 190,076.25 %6.500000000
M $ 28,442.45 $ 0.00 $ 28,442.45 %6.499999995
B1 $ 14,221.23 $ 0.00 $ 14,221.23 %6.500002268
B2 $ 9,482.62 $ 0.00 $ 9,482.62 %6.500001554
B3 $ 12,324.70 $ 0.00 $ 12,324.70 %6.499999231
B4 $ 5,684.17 $ 0.00 $ 5,684.17 %6.500002916
B5 $ 5,692.52 $ 0.00 $ 5,692.52 %6.499995542
20. Principal Distribution Amount: $ 6,079,628.26
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 58.65 $ 0.00
Class A1 $ 6,067,739.54 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 4,436.21 $ 0.00
Class B1 $ 2,218.10 $ 0.00
Class B2 $ 1,479.02 $ 0.00
Class B3 $ 1,922.30 $ 0.00
Class B4 $ 886.57 $ 0.00
Class B5 $ 887.87 $ 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: $ 69,384.00
-----------
3. Supplemental Servicing Fee amount: $ 205,392.29
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.757838 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: % 4.242162
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.60
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-20, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.520552
---------------------
Weighted average maturity 344.53
---------------------
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 $ 0.93181024 $ 0.02764450 $ 0.00000000 %0.00000000
A1 $ 21.09065904 $ 20.16246768 $ 5.02629960 %6.50000001
A2 $ 0.00000000 $ 0.00000000 $ 5.41666600 %6.49999920
A3 $ 0.00000000 $ 0.00000000 $ 5.41666600 %6.49999920
A4 $ 0.00000000 $ 0.00000000 $ 5.41666584 %6.49999901
A5 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
M $ 0.84274506 $ 0.00000000 $ 5.40320099 %6.50000000
B1 $ 0.84274316 $ 0.00000000 $ 5.40320289 %6.50000227
B2 $ 0.84274644 $ 0.00000000 $ 5.40320228 %6.50000155
B3 $ 0.84274441 $ 0.00000000 $ 5.40320035 %6.49999923
B4 $ 0.84274715 $ 0.00000000 $ 5.40320342 %6.50000292
B5 $ 0.84274394 $ 0.00000000 $ 5.40319727 %6.49999554
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:
$ 69,384.00
-----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 324,065,988.65
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,043
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RUU7
PO $ 62,758.87 $ 62,700.23 $ 996.16 GEC9820PO
A1 $ 266,964,208.36 $ 260,896,468.82 $ 906.84 36157RUP8
A2 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36157RUQ6
A3 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36157RUR4
A4 $ 4,025,000.00 $ 4,025,000.00 $ 1,000.00 36157RUS2
A5 $ 35,091,000.00 $ 35,091,000.00 $ 1,000.00 36157RUT0
SUP $ 324,415,422.10 $ 318,341,288.91 $ 922.28 GE9820SUP
M $ 5,250,913.85 $ 5,246,477.65 $ 996.67 36157RUV5
B1 $ 2,625,456.93 $ 2,623,238.82 $ 996.67 36157RUW3
B2 $ 1,750,637.12 $ 1,749,158.11 $ 996.67 36157RUX1
B3 $ 2,275,329.50 $ 2,273,407.20 $ 996.67 36158GEU8
B4 $ 1,049,384.76 $ 1,048,498.19 $ 996.67 36158GEV6
B5 $ 1,050,927.49 $ 1,050,039.62 $ 996.67 36158GEW4
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 14 Principal Balance $ 3,928,984.06
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 218,730.63
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.61
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-21, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1,
1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 411,944.58
-------------
(b) Interest $ 3,079,620.04
-------------
(c) Total $ 3,491,564.62
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 300,746.21
-------------
(b) Interest $ 2,248,512.98
-------------
(c) Total $ 2,549,259.19
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 111,198.37
-------------
(b) Interest $ 831,107.06
-------------
(c) Total $ 942,305.43
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ -85,663.68
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,302,740.82
-------------
(b) Interest $ 24,957.99
-------------
(c) Total $ 4,327,698.81
-------------
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: $508,003,263.76
---------------
13. Available Funds: $ 7,298,814.85
---------------
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: $ -1,061.12
-------------
18. Total interest payments: $ 2,669,793.13
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 1,702,048.71 $ 0.00 $ 1,702,048.71 %6.250000018
A2 $ 4,447.92 $ 0.00 $ 4,447.92 %6.250004684
A3 $ 260,348.26 $ 0.00 $ 260,348.26 %6.250000063
A4 $ 8,125.00 $ 0.00 $ 8,125.00 %6.500000000
A5 $ 31,034.18 $ 0.00 $ 31,034.18 %6.500000087
A6 $ 7,754.82 $ 0.00 $ 7,754.82 %5.877338500
A7 $ 4,120.18 $ 0.00 $ 4,120.18 %9.367984266
A8 $ 24,272.00 $ 0.00 $ 24,272.00 %6.000000000
A9 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A10 $ 63,000.00 $ 0.00 $ 63,000.00 %6.500000129
A11 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A12 $ 386,885.86 $ 0.00 $ 386,885.86 %6.249999929
A13 $ 66,442.71 $ 0.00 $ 66,442.71 %6.250000157
M $ 52,941.77 $ 0.00 $ 52,941.77 %6.249999816
B1 $ 21,715.43 $ 0.00 $ 21,715.43 %6.249998726
B2 $ 12,214.93 $ 0.00 $ 12,214.93 %6.249999041
B3 $ 10,857.72 $ 0.00 $ 10,857.72 %6.250001589
B4 $ 5,428.86 $ 0.00 $ 5,428.86 %6.250001619
B5 $ 8,154.78 $ 0.00 $ 8,154.78 %6.249997645
20. Principal Distribution Amount: $ 4,629,021.72
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 46.26 $ 0.00
Class A1 $ 3,610,106.80 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 40,168.21 $ 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 $ 961,526.28 $ 0.00
Class A13 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 8,168.20 $ 0.00
Class B1 $ 3,350.40 $ 0.00
Class B2 $ 1,884.60 $ 0.00
Class B3 $ 1,675.20 $ 0.00
Class B4 $ 837.60 $ 0.00
Class B5 $ 1,258.17 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A6 % 5.87733850
Class A7 % 9.36798427
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 98,542.88
-----------
3. Supplemental Servicing Fee amount: $ 325,858.82
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.830632 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: % 4.169368
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.62
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-21, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1,
1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
Weighted average coupon % 7.26484
------------------------
Weighted average maturity 354.17
------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 1.43874600 $ 0.45532299 $ 0.00000000 %0.00000000
A1 $ 10.80281643 $ 9.87816890 $ 5.09317890 %6.25000002
A2 $ 0.00000000 $ 0.00000000 $ 5.20833724 %6.25000468
A3 $ 0.80229823 $ 0.73362707 $ 5.20005620 %6.25000006
A4 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A5 $ 0.00000000 $ 0.00000000 $ 5.41666674 %6.50000009
A6 $ 0.00000000 $ 0.00000000 $ 4.89778208 %5.87733850
A7 $ 0.00000000 $ 0.00000000 $ 7.80665356 %9.36798427
A8 $ 0.00000000 $ 0.00000000 $ 5.00000000 %6.00000000
A9 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A10 $ 0.00000000 $ 0.00000000 $ 5.41666677 %6.50000013
A11 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A12 $ 12.61018072 $ 11.53083515 $ 5.07391292 %6.24999993
A13 $ 0.00000000 $ 0.00000000 $ 5.20833346 %6.25000016
M $ 0.80229840 $ 0.00000000 $ 5.20005599 %6.24999982
B1 $ 0.80229885 $ 0.00000000 $ 5.20005508 %6.24999873
B2 $ 0.80229885 $ 0.00000000 $ 5.20005534 %6.24999904
B3 $ 0.80229885 $ 0.00000000 $ 5.20005747 %6.25000159
B4 $ 0.80229885 $ 0.00000000 $ 5.20005747 %6.25000162
B5 $ 0.80229658 $ 0.00000000 $ 5.20005416 %6.24999764
2. Unanticipated Recoveries: $ 0.00
--------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 98,542.88
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 508,003,263.76
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,541
---------------
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 36157RWD3
PO $ 32,004.29 $ 31,958.02 $ 993.94 GEC9821PO
A1 $ 326,793,351.39 $ 323,183,244.59 $ 967.09 36157RVQ5
A2 $ 854,000.00 $ 854,000.00 $ 1,000.00 36157RVR3
A3 $ 49,986,865.42 $ 49,946,697.21 $ 997.61 36157RVS1
A4 $ 1,500,000.00 $ 1,500,000.00 $ 1,000.00 36157RVT9
A5 $ 5,729,387.00 $ 5,729,387.00 $ 1,000.00 36157RVU6
A6 $ 1,583,333.00 $ 1,583,333.00 $ 1,000.00 36157RVV4
A7 $ 527,778.00 $ 527,778.00 $ 1,000.00 36157RVW2
A8 $ 4,854,400.00 $ 4,854,400.00 $ 1,000.00 36157RVX0
A9 $ 263,889.00 $ 263,889.00 $ 1,000.00 36157RVY8
A10 $ 11,630,769.00 $ 11,630,769.00 $ 1,000.00 36157RVZ5
A11 $ 465,231.00 $ 465,231.00 $ 1,000.00 36157RWA9
A12 $ 74,282,085.96 $ 73,320,559.68 $ 961.58 36157RWB7
A13 $ 12,757,000.00 $ 12,757,000.00 $ 1,000.00 36157RWC5
SUP $ 511,486,139.83 $ 506,859,426.53 $ 972.95 GE9821SUP
M $ 10,164,820.14 $ 10,156,651.94 $ 997.61 36157RWE1
B1 $ 4,169,363.41 $ 4,166,013.01 $ 997.61 36157RWF8
B2 $ 2,345,266.92 $ 2,343,382.32 $ 997.61 36157RWG6
B3 $ 2,084,681.71 $ 2,083,006.51 $ 997.61 36157RWS0
B4 $ 1,042,340.85 $ 1,041,503.25 $ 997.61 36157RWT8
B5 $ 1,565,718.35 $ 1,564,460.18 $ 997.61 36157RWU5
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 39 Principal Balance $ 12,428,280.95
-------- --------------
2. 60-89 days
Number 8 Principal Balance $ 2,548,094.30
-------- --------------
3. 90 days or more
Number 2 Principal Balance $ 650,957.17
-------- --------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- --------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- --------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A6 % 5.87733850
A7 % 9.36798427
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 99.63
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-22, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1,
1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 625,896.19
-------------
(b) Interest $ 1,094,611.63
-------------
(c) Total $ 1,720,507.82
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 389,484.04
-------------
(b) Interest $ 685,863.61
-------------
(c) Total $ 1,075,347.65
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 236,412.15
-------------
(b) Interest $ 408,748.02
-------------
(c) Total $ 645,160.17
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 75,738.69
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,943,134.80
-------------
(b) Interest $ 18,667.08
-------------
(c) Total $ 3,961,801.88
-------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
-------------
(b) Interest $ 0.00
-------------
(c) Total $ 0.00
-------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 1,689,280.69
---------------
(b) Interest $ 10,270.72
---------------
(c) Total $ 1,699,551.41
---------------
12. Pool Scheduled Principal Balance: $187,184,495.75
---------------
13. Available Funds: $ 7,301,574.43
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 2,815.23
-------------
18. Total interest payments: $ 967,524.07
-------------
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 $ 942,462.25 $ 0.00 $ 942,462.25 % 6.000000024
A2 $ 5,012.36 $ 0.00 $ 5,012.36 % 5.999997067
M $ 7,516.37 $ 0.00 $ 7,516.37 % 6.000003752
B1 $ 2,503.80 $ 0.00 $ 2,503.80 % 6.000002037
B2 $ 2,508.77 $ 0.00 $ 2,508.77 % 6.000007175
B3 $ 4,009.06 $ 0.00 $ 4,009.06 % 6.000000973
B4 $ 2,007.01 $ 0.00 $ 2,007.01 % 5.999989238
B5 $ 1,504.45 $ 0.00 $ 1,504.45 % 5.999993420
20. Principal Distribution Amount: $ 6,334,050.36
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 47.93 $ 0.00
Class A1 $ 6,317,791.06 $ 0.00
Class A2 $ 3,242.27 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 4,862.00 $ 0.00
Class B1 $ 1,619.60 $ 0.00
Class B2 $ 1,622.81 $ 0.00
Class B3 $ 2,593.28 $ 0.00
Class B4 $ 1,298.25 $ 0.00
Class B5 $ 973.16 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
-------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
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: $ 41,546.36
-----------
3. Supplemental Servicing Fee amount: $ 119,003.37
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 97.927756 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: % 2.072244
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.64
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-22, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1,
1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
Weighted average coupon % 7.000787
------------------------
Weighted average maturity 174.46
------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 3.46615563 $ 0.00000000 $ 0.00000000 %0.00000000
A1 $ 32.11351153 $ 28.99982729 $ 4.79056240 %6.00000002
A2 $ 3.21348043 $ 2.90191177 $ 4.96785300 %5.99999707
M $ 3.21348315 $ 0.00000000 $ 4.96785856 %6.00000375
B1 $ 3.21349206 $ 0.00000000 $ 4.96785714 %6.00000204
B2 $ 3.21348515 $ 0.00000000 $ 4.96786139 %6.00000717
B3 $ 3.21348203 $ 0.00000000 $ 4.96785626 %6.00000097
B4 $ 3.21349010 $ 0.00000000 $ 4.96784653 %5.99998924
B5 $ 3.21347522 $ 0.00000000 $ 4.96784989 %5.99999342
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:
$ 41,546.36
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 187,184,495.75
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 618
---------------
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 36157RWK7
PO $ 13,732.83 $ 13,684.90 $ 989.65 GEC9822PO
A1 $ 188,492,449.25 $ 182,174,658.18 $ 926.00 36157RWH4
A2 $ 1,002,472.49 $ 999,230.22 $ 990.36 36157RWJ0
SUP $ 192,700,627.30 $ 186,369,422.63 $ 927.36
M $ 1,503,273.06 $ 1,498,411.05 $ 990.36 36157RWL5
B1 $ 500,759.83 $ 499,140.23 $ 990.36 36157RWM3
B2 $ 501,753.40 $ 500,130.59 $ 990.36 36157RWN1
B3 $ 801,811.87 $ 799,218.59 $ 990.36 36157RWV3
B4 $ 401,402.72 $ 400,104.47 $ 990.36 36157RWW1
B5 $ 300,890.33 $ 299,917.17 $ 990.36 36157RWX9
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 30 Principal Balance $ 10,943,491.66
-------- --------------
2. 60-89 days
Number 6 Principal Balance $ 1,942,991.43
-------- --------------
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 99.65
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-23, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1,
1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 428,828.63
-------------
(b) Interest $ 3,035,185.81
-------------
(c) Total $ 3,464,014.44
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 261,195.59
-------------
(b) Interest $ 1,861,328.59
-------------
(c) Total $ 2,122,524.18
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 167,633.04
-------------
(b) Interest $ 1,173,857.22
-------------
(c) Total $ 1,341,490.26
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 102,957.18
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,544,645.19
-------------
(b) Interest $ 17,510.75
-------------
(c) Total $ 3,562,155.94
-------------
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: $509,704,850.97
---------------
13. Available Funds: $ 6,645,337.40
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 2,780.54
-------------
18. Total interest payments: $ 2,568,906.41
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
A $ 2,464,761.99 $ 0.00 $ 2,464,761.99 %5.999999991
M $ 48,165.92 $ 0.00 $ 48,165.92 %6.000000598
B1 $ 20,825.81 $ 0.00 $ 20,825.81 %6.000001268
B2 $ 11,715.76 $ 0.00 $ 11,715.76 %5.999998156
B3 $ 10,417.89 $ 0.00 $ 10,417.89 %5.999997351
B4 $ 5,206.45 $ 0.00 $ 5,206.45 %5.999998387
B5 $ 7,812.59 $ 0.00 $ 7,812.59 %6.000003341
20. Principal Distribution Amount: $ 4,076,430.99
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class A $ 4,059,046.11 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 8,040.36 $ 0.00
Class B1 $ 3,476.46 $ 0.00
Class B2 $ 1,955.72 $ 0.00
Class B3 $ 1,739.06 $ 0.00
Class B4 $ 869.12 $ 0.00
Class B5 $ 1,304.16 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
-------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
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: $ 103,938.33
-----------
3. Supplemental Servicing Fee amount: $ 375,592.96
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.945963 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: % 4.054037
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.66
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-23, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1,
1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
Weighted average coupon % 7.141454
-------------------------
Weighted average maturity 354.28
-------------------------
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
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A $ 8.10651811 $ 7.28480383 $ 4.92249587 %5.99999999
M $ 0.83328428 $ 0.00000000 $ 4.99180433 %6.00000060
B1 $ 0.83328380 $ 0.00000000 $ 4.99180489 %6.00000127
B2 $ 0.83328504 $ 0.00000000 $ 4.99180230 %5.99999816
B3 $ 0.83328222 $ 0.00000000 $ 4.99180163 %5.99999735
B4 $ 0.83328859 $ 0.00000000 $ 4.99180249 %5.99999839
B5 $ 0.83328506 $ 0.00000000 $ 4.99180660 %6.00000334
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:
$ 103,938.33
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 509,704,850.97
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,578
----------
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 36157RVL6
A $ 492,952,398.73 $ 488,893,352.62 $ 976.39 36157RVK8
SUP $ 513,781,281.95 $ 509,704,850.97 $ 977.24 GE9823SUP
M $ 9,633,183.04 $ 9,625,142.68 $ 997.53 36157RVM4
B1 $ 4,165,161.12 $ 4,161,684.66 $ 997.53 36157RVN2
B2 $ 2,343,152.72 $ 2,341,197.00 $ 997.53 36157RVP7
B3 $ 2,083,578.92 $ 2,081,839.86 $ 997.53 36157RWP6
B4 $ 1,041,290.28 $ 1,040,421.16 $ 997.53 36157RWQ4
B5 $ 1,562,517.13 $ 1,561,212.97 $ 997.53 36157RWR2
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 18 Principal Balance $ 6,015,766.66
-------- -------------
2. 60-89 days
Number 2 Principal Balance $ 625,482.51
-------- -------------
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 99.67
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-24, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1,
1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 262,017.57
-------------
(b) Interest $ 1,978,549.35
-------------
(c) Total $ 2,240,566.92
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 53,565.24
-------------
(b) Interest $ 389,424.69
-------------
(c) Total $ 442,989.93
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 208,452.33
-------------
(b) Interest $ 1,589,124.66
-------------
(c) Total $ 1,797,576.99
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 76,590.63
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 5,864,295.72
-------------
(b) Interest $ 35,200.26
-------------
(c) Total $ 5,899,495.98
-------------
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: $325,027,143.92
---------------
13. Available Funds: $ 7,927,998.46
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 2,088.76
-------------
18. Total interest payments: $ 1,725,094.53
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 823,845.66 $ 0.00 $ 823,845.66 %6.250000021
A2 $ 111,505.21 $ 0.00 $ 111,505.21 %6.250000093
A3 $ 415,236.68 $ 0.00 $ 415,236.68 %6.250000072
A4 $ 11,727.80 $ 0.00 $ 11,727.80 %6.499997922
A5 $ 183,572.92 $ 0.00 $ 183,572.92 %6.250000113
A6 $ 11,585.75 $ 0.00 $ 11,585.75 %6.500002104
A7 $ 19,180.91 $ 0.00 $ 19,180.91 %6.750001100
A8 $ 34,099.39 $ 0.00 $ 34,099.39 %6.000000000
A9 $ 11,095.05 $ 0.00 $ 11,095.05 %6.500002929
A10 $ 31,761.78 $ 0.00 $ 31,761.78 %6.000000000
M $ 33,905.98 $ 0.00 $ 33,905.98 %6.250000307
B1 $ 14,664.86 $ 0.00 $ 14,664.86 %6.250001865
B2 $ 7,332.43 $ 0.00 $ 7,332.43 %6.250001820
B3 $ 7,327.23 $ 0.00 $ 7,327.23 %6.250002132
B4 $ 3,666.21 $ 0.00 $ 3,666.21 %6.249993341
B5 $ 4,586.67 $ 0.00 $ 4,586.67 %6.250004897
20. Principal Distribution Amount: $ 6,202,903.93
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 11.43 $ 0.00
Class A1 $ 4,355,590.17 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 1,836,445.49 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 5,149.62 $ 0.00
Class B1 $ 2,227.29 $ 0.00
Class B2 $ 1,113.64 $ 0.00
Class B3 $ 1,112.85 $ 0.00
Class B4 $ 556.82 $ 0.00
Class B5 $ 696.62 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
-----------
24. Subordinate Certificate Writedown Amount: $ 0.00
-----------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-----------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 70,996.08
-----------
3. Supplemental Servicing Fee amount: $ 213,875.70
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.856264 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: % 4.143736
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.68
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-24, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1,
1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
Weighted average coupon % 7.302089
----------------------
Weighted average maturity 354.41
----------------------
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 $ 0.95289704 $ 0.00000000 $ 0.00000000 %0.00000000
A1 $ 25.16258239 $ 24.14198670 $ 4.75942030 %6.25000002
A2 $ 0.00000000 $ 0.00000000 $ 5.20833341 %6.25000009
A3 $ 21.35004522 $ 20.48408622 $ 4.82743536 %6.25000007
A4 $ 0.00000000 $ 0.00000000 $ 5.41666493 %6.49999792
A5 $ 0.00000000 $ 0.00000000 $ 5.20833343 %6.25000011
A6 $ 0.00000000 $ 0.00000000 $ 5.41666842 %6.50000210
A7 $ 0.00000000 $ 0.00000000 $ 5.62500092 %6.75000110
A8 $ 0.00000000 $ 0.00000000 $ 5.00000000 %6.00000000
A9 $ 0.00000000 $ 0.00000000 $ 5.41666911 %6.50000293
A10 $ 0.00000000 $ 0.00000000 $ 5.00000000 %6.00000000
M $ 0.78981902 $ 0.00000000 $ 5.20030368 %6.25000031
B1 $ 0.78981915 $ 0.00000000 $ 5.20030496 %6.25000186
B2 $ 0.78981560 $ 0.00000000 $ 5.20030496 %6.25000182
B3 $ 0.78981547 $ 0.00000000 $ 5.20030518 %6.25000213
B4 $ 0.78981560 $ 0.00000000 $ 5.20029787 %6.24999334
B5 $ 0.78981880 $ 0.00000000 $ 5.20030748 %6.25000490
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:
$ 70,996.08
----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $325,027,143.92
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,018
---------------
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 36157RXJ9
PO $ 11,903.81 $ 11,892.38 $ 991.44 GEC9824PO
A1 $ 158,178,366.19 $ 153,822,776.02 $ 888.65 36157RWY7
A2 $ 21,409,000.00 $ 21,409,000.00 $ 1,000.00 36157RWZ4
A3 $ 79,725,441.64 $ 77,888,996.15 $ 905.52 36157RXA8
A4 $ 2,165,133.00 $ 2,165,133.00 $ 1,000.00 36157RXB6
A5 $ 35,246,000.00 $ 35,246,000.00 $ 1,000.00 36157RXC4
A6 $ 2,138,907.00 $ 2,138,907.00 $ 1,000.00 36157RXD2
A7 $ 3,409,939.00 $ 3,409,939.00 $ 1,000.00 36157RXE0
A8 $ 6,819,878.00 $ 6,819,878.00 $ 1,000.00 36157RXF7
A9 $ 2,048,316.00 $ 2,048,316.00 $ 1,000.00 36157RXG5
A10 $ 6,352,356.00 $ 6,352,356.00 $ 1,000.00 36157RXH3
SUP $ 330,149,518.24 $ 323,947,633.55 $ 921.94 GE9824SUP
M $ 6,509,947.84 $ 6,504,798.22 $ 997.67 36157RXK6
B1 $ 2,815,652.28 $ 2,813,424.99 $ 997.67 36157RXL4
B2 $ 1,407,826.15 $ 1,406,712.51 $ 997.67 36157RXM2
B3 $ 1,406,827.68 $ 1,405,714.83 $ 997.67 36157RXN0
B4 $ 703,913.07 $ 703,356.25 $ 997.67 36157RXP5
B5 $ 880,639.95 $ 879,943.33 $ 997.67 36157RXQ3
D. The aggregate number and aggregate Principal Balances of Mortgage Loans
which, as of the close of business on the last day of the month preceding
the related Determination Date, were delinquent:
1. 30-59 days
Number 6 Principal Balance $ 1,450,934.66
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 399,695.62
-------- -------------
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 99.69
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-25, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of December 1,
1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 795,656.42
-------------
(b) Interest $ 5,813,397.56
-------------
(c) Total $ 6,609,053.98
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 446,586.55
-------------
(b) Interest $ 3,218,942.23
-------------
(c) Total $ 3,665,528.78
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 349,069.87
-------------
(b) Interest $ 2,594,455.33
-------------
(c) Total $ 2,943,525.20
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 307,692.82
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 15,512,323.66
--------------
(b) Interest $ 82,159.43
--------------
(c) Total $ 15,594,483.09
--------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
--------------
(b) Interest $ 0.00
--------------
(c) Total $ 0.00
--------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
--------------
(b) Interest $ 0.00
--------------
(c) Total $ 0.00
--------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 18,642.52
---------------
(c) Total $ 18,642.52
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 3,911,078.89
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 3,911,078.89
---------------
12. Pool Scheduled Principal Balance: $970,131,122.93
---------------
13. Available Funds: $ 25,685,773.78
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 11,263.34
-------------
18. Total interest payments: $ 5,159,021.99
-------------
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 $ 78,125.00 $ 0.00 $ 78,125.00 % 6.250000000
A2 $ 73,949.41 $ 0.00 $ 73,949.41 % 5.977340083
A3 $ 343,398.86 $ 0.00 $ 343,398.86 % 6.250000056
A4 $ 557,820.93 $ 0.00 $ 557,820.93 % 6.750000053
A5 $ 678,909.62 $ 0.00 $ 678,909.62 % 5.999999989
A6 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A7 $ 100,123.48 $ 0.00 $ 100,123.48 % 5.999999703
A8 $ 944,711.39 $ 0.00 $ 944,711.39 % 6.249999986
A9 $ 1,157,659.62 $ 0.00 $1,157,659.62 % 6.250000008
A10 $ 35,424.05 $ 0.00 $ 35,424.05 % 6.250000524
A11 $ 130,208.33 $ 0.00 $ 130,208.33 % 6.249999840
A12 $ 31,606.25 $ 0.00 $ 31,606.25 % 6.500000000
A13 $ 34,628.07 $ 0.00 $ 34,628.07 % 6.499999453
A14 $ 70,416.67 $ 0.00 $ 70,416.67 % 6.500000308
A15 $ 31,209.41 $ 0.00 $ 31,209.41 % 7.007389032
A16 $ 303,467.52 $ 0.00 $ 303,467.52 % 5.999999948
A17 $ 106,340.59 $ 0.00 $ 106,340.59 % 6.000000000
A18 $ 214,038.40 $ 0.00 $ 214,038.40 % 6.499999982
A19 $ 13,541.67 $ 0.00 $ 13,541.67 % 6.500001600
A20 $ 13,541.67 $ 0.00 $ 13,541.67 % 6.500001600
A21 $ 13,541.67 $ 0.00 $ 13,541.67 % 6.500001600
A22 $ 18,064.68 $ 0.00 $ 18,064.68 % 6.500001649
M $ 96,336.30 $ 0.00 $ 96,336.30 % 6.249999892
B1 $ 41,658.94 $ 0.00 $ 41,658.94 % 6.249999961
B2 $ 23,433.15 $ 0.00 $ 23,433.15 % 6.249998694
B3 $ 20,829.47 $ 0.00 $ 20,829.47 % 6.250000735
B4 $ 10,414.73 $ 0.00 $ 10,414.73 % 6.249997750
B5 $ 15,622.11 $ 0.00 $ 15,622.11 % 6.249998541
20. Principal Distribution Amount: $ 20,526,751.79
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 454.05 $ 0.00
Class A1 $ 0.00 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 52,952.97 $ 0.00
Class A4 $ 2,138,122.34 $ 0.00
Class A5 $ 3,455,640.04 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 16,082.60 $ 0.00
Class A8 $ 5,410,248.48 $ 0.00
Class A9 $ 5,656,760.37 $ 0.00
Class A10 $ 948,556.71 $ 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 $ 1,810,168.37 $ 0.00
Class A17 $ 0.00 $ 0.00
Class A18 $ 1,005,646.29 $ 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 SUP $ 0.00 $ 0.00
Class M $ 14,855.30 $ 0.00
Class B1 $ 6,423.91 $ 0.00
Class B2 $ 3,613.45 $ 0.00
Class B3 $ 3,211.96 $ 0.00
Class B4 $ 1,605.98 $ 0.00
Class B5 $ 2,408.97 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
----------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
----------
24. Subordinate Certificate Writedown Amount: $ 0.00
----------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A2 % 5.97734008
Class A15 % 7.00738903
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: $ 194,730.95
-----------
3. Supplemental Servicing Fee amount: $ 559,149.91
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.962516 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: % 4.037484
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.70
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-25, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of December 1,
1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
Weighted average coupon % 7.191064
----------------------
Weighted average maturity 355.14
----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 3.60711929 $ 2.63664094 $ 0.00000000 %0.00000000
A1 $ 0.00000000 $ 0.00000000 $ 5.20833333 %6.25000000
A2 $ 0.00000000 $ 0.00000000 $ 4.98111674 %5.97734008
A3 $ 0.80249277 $ 0.77259973 $ 5.20414817 %6.25000006
A4 $ 21.33770132 $ 20.54286513 $ 5.56685470 %6.75000005
A5 $ 25.14120695 $ 24.20468893 $ 4.93934758 %5.99999999
A6 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A7 $ 0.80249287 $ 0.77259986 $ 4.99598195 %5.99999970
A8 $ 29.40432338 $ 28.30900291 $ 5.13444056 %6.24999999
A9 $ 25.14115720 $ 24.20464107 $ 5.14515387 %6.25000001
A10 $ 130.67157316 $ 125.80401538 $ 4.87995741 %6.25000052
A11 $ 0.00000000 $ 0.00000000 $ 5.20833320 %6.24999984
A12 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A13 $ 0.00000000 $ 0.00000000 $ 5.41666621 %6.49999945
A14 $ 0.00000000 $ 0.00000000 $ 5.41666692 %6.50000031
A15 $ 0.00000000 $ 0.00000000 $ 5.83949086 %7.00738903
A16 $ 29.40164878 $ 28.30642797 $ 4.92906935 %5.99999995
A17 $ 0.00000000 $ 0.00000000 $ 5.00000000 %6.00000000
A18 $ 25.14115725 $ 24.20464100 $ 5.35096000 %6.49999998
A19 $ 0.00000000 $ 0.00000000 $ 5.41666800 %6.50000160
A20 $ 0.00000000 $ 0.00000000 $ 5.41666800 %6.50000160
A21 $ 0.00000000 $ 0.00000000 $ 5.41666800 %6.50000160
A22 $ 0.00000000 $ 0.00000000 $ 5.41666804 %6.50000165
M $ 0.80249273 $ 0.00000000 $ 5.20414803 %6.24999989
B1 $ 0.80249231 $ 0.00000000 $ 5.20414808 %6.24999996
B2 $ 0.80249241 $ 0.00000000 $ 5.20414703 %6.24999869
B3 $ 0.80249366 $ 0.00000000 $ 5.20414873 %6.25000073
B4 $ 0.80249366 $ 0.00000000 $ 5.20414624 %6.24999775
B5 $ 0.80249299 $ 0.00000000 $ 5.20414690 %6.24999854
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:
$ 194,730.95
-----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 970,131,122.93
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,821
---------------
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 36157RYX7
PO $ 125,652.36 $ 125,198.31 $ 994.62
A1 $ 15,000,000.00 $ 15,000,000.00 $ 1,000.00 36157RXZ3
A2 $ 14,845,950.00 $ 14,845,950.00 $ 1,000.00 36157RYA7
A3 $ 65,932,580.53 $ 65,879,627.55 $ 998.39 36157RYB5
A4 $ 99,168,164.56 $ 97,030,042.23 $ 968.33 36157RYC3
A5 $ 135,781,924.24 $ 132,326,284.20 $ 962.73 36157RYD1
A6 $ 1,445,831.00 $ 1,445,831.00 $ 1,000.00 36157RYE9
A7 $ 20,024,696.99 $ 20,008,614.39 $ 998.39 36157RYF6
A8 $ 181,384,587.29 $ 175,974,338.82 $ 956.41 36157RYG4
A9 $ 222,270,646.77 $ 216,613,886.40 $ 962.73 36157RYH2
A10 $ 6,801,417.03 $ 5,852,860.31 $ 806.28 36157RYJ8
A11 $ 25,000,000.00 $ 25,000,000.00 $ 1,000.00 36157RYK5
A12 $ 5,835,000.00 $ 5,835,000.00 $ 1,000.00 36157RYL3
A13 $ 6,392,875.00 $ 6,392,875.00 $ 1,000.00 36157RYM1
A14 $ 13,000,000.00 $ 13,000,000.00 $ 1,000.00 36157RYN9
A15 $ 5,344,543.00 $ 5,344,543.00 $ 1,000.00 36157RYP4
A16 $ 60,693,504.53 $ 58,883,336.16 $ 956.41 36157RYQ2
A17 $ 21,268,118.00 $ 21,268,118.00 $ 1,000.00 36157RYR0
A18 $ 39,514,781.65 $ 38,509,135.36 $ 962.73 36157RYS8
A19 $ 2,500,000.00 $ 2,500,000.00 $ 1,000.00 36157RYT6
A20 $ 2,500,000.00 $ 2,500,000.00 $ 1,000.00 36157RYU3
A21 $ 2,500,000.00 $ 2,500,000.00 $ 1,000.00 36157RYV1
A22 $ 3,335,017.00 $ 3,335,017.00 $ 1,000.00 36157RYW9
SUP $ 983,969,703.54 $ 963,475,096.26 $ 969.37 GE9825SUP
M $ 18,496,569.92 $ 18,481,714.62 $ 998.39 36157RYY5
B1 $ 7,998,516.53 $ 7,992,092.62 $ 998.39 36157RYZ2
B2 $ 4,499,165.74 $ 4,495,552.29 $ 998.39 36157RZA6
B3 $ 3,999,257.77 $ 3,996,045.81 $ 998.39 GEC9825B3
B4 $ 1,999,628.88 $ 1,998,022.91 $ 998.39 GEC9825B4
B5 $ 2,999,445.82 $ 2,997,036.85 $ 998.39 GEC9825B5
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 51 Principal Balance $ 17,633,182.89
-------- --------------
2. 60-89 days
Number 4 Principal Balance $ 2,116,649.90
-------- --------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- --------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- --------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- --------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A2 % 5.97734008
A15 % 7.00738903
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.
Opening Reimbursement Rounding Amount Closing
Class Balance Amount (Withdrawl) Balance
- ----- ------- ------ ----------- -------
A12 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A14 $ 999.99 $ 0.00 $ 0.00 $ 999.99
Exhibit 99.71
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 1999
Series 1998-26, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of December 1,
1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 661,168.52
-------------
(b) Interest $ 1,015,359.99
-------------
(c) Total $ 1,676,528.51
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 451,795.92
-------------
(b) Interest $ 654,353.85
-------------
(c) Total $ 1,106,149.77
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 209,372.60
-------------
(b) Interest $ 361,006.14
-------------
(c) Total $ 570,378.74
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 90,550.76
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,861,523.47
-------------
(b) Interest $ 11,809.74
-------------
(c) Total $ 1,873,333.21
-------------
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 $ 324,311.32
---------------
(b) Interest $ 1,850.12
---------------
(c) Total $ 326,161.44
---------------
12. Pool Scheduled Principal Balance: $169,611,517.04
---------------
13. Available Funds: $ 3,835,349.32
---------------
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: $ 1,760.71
--------------
18. Total interest payments: $ 897,795.26
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A $ 879,597.90 $ 0.00 $ 879,597.90 %6.250000010
M $ 8,187.32 $ 0.00 $ 8,187.32 %6.249998489
B1 $ 3,185.69 $ 0.00 $ 3,185.69 %6.250003883
B2 $ 2,272.53 $ 0.00 $ 2,272.53 %6.250009311
B3 $ 1,821.13 $ 0.00 $ 1,821.13 %6.249984985
B4 $ 1,364.55 $ 0.00 $ 1,364.55 %6.249983301
B5 $ 1,366.14 $ 0.00 $ 1,366.14 %6.250003098
20. Principal Distribution Amount: $ 2,937,554.06
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 686.00 $ 0.00
Class A $ 2,923,478.93 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 6,024.02 $ 0.00
Class B1 $ 2,343.95 $ 0.00
Class B2 $ 1,672.07 $ 0.00
Class B3 $ 1,339.94 $ 0.00
Class B4 $ 1,004.00 $ 0.00
Class B5 $ 1,005.17 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
--------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
--------------
24. Subordinate Certificate Writedown Amount: $ 0.00
--------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
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: $ 35,418.45
----------
3. Supplemental Servicing Fee amount: $ 94,846.61
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 97.973105 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: % 2.026895
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.72
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-26, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of December 1,
1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
Weighted average coupon % 7.163488
----------------------
Weighted average maturity 165.39
----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 3.96493839 $ 0.53162541 $ 0.00000000 %0.00000000
A $ 17.03074486 $ 11.39691088 $ 5.12410309 %6.25000001
M $ 3.81750316 $ 0.00000000 $ 5.18841572 %6.24999849
B1 $ 3.81750814 $ 0.00000000 $ 5.18842020 %6.25000388
B2 $ 3.81751141 $ 0.00000000 $ 5.18842466 %6.25000931
B3 $ 3.81749287 $ 0.00000000 $ 5.18840456 %6.24998499
B4 $ 3.81749049 $ 0.00000000 $ 5.18840304 %6.24998330
B5 $ 3.81750302 $ 0.00000000 $ 5.18841945 %6.25000310
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:
$ 35,418.45
--------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 169,611,517.04
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 610
---------------
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 36157RXA9
PO $ 172,380.81 $ 171,694.81 $ 992.36 GEC9826PO
A $ 168,882,796.54 $ 165,959,317.61 $ 966.80 36157RXR1
SUP $ 165,393,023.95 $ 162,482,699.00 $ 1,132.60 GE9826SUP
M $ 1,571,965.82 $ 1,565,941.80 $ 992.36 36157RXT7
B1 $ 611,652.10 $ 609,308.15 $ 992.36 36157RXU4
B2 $ 436,325.11 $ 434,653.04 $ 992.36 36157RXV2
B3 $ 349,657.80 $ 348,317.86 $ 992.36 36157RXW0
B4 $ 261,994.30 $ 260,990.30 $ 992.36 36157RXX8
B5 $ 262,298.75 $ 261,293.58 $ 992.36 36157RXY8
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the month
preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 16 Principal Balance $ 6,025,000.20
--------
-------- -------------
2. 60-89 days
Number 2 Principal Balance $ 703,319.60
--------
-------- -------------
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 99.73
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February, 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 $ 574,571.21
-------------
(b) Interest $ 4,168,587.34
-------------
(c) Total $ 4,743,158.55
-------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 401,493.97
-------------
(b) Interest $ 2,892,195.05
-------------
(c) Total $ 3,293,689.02
-------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 173,077.24
-------------
(b) Interest $ 1,276,392.29
-------------
(c) Total $ 1,449,469.53
-------------
4. Aggregate Principal Prepayments in part received in the
applicable Prepayment Period:
(a) Principal $ 214,158.55
-------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,998,368.12
-------------
(b) Interest $ 45,453.82
-------------
(c) Total $ 5,043,821.94
-------------
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 $ 4,301,586.87
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 4,301,586.87
---------------
12. Pool Scheduled Principal Balance: $694,750,701.24
---------------
13. Available Funds: $ 13,907,963.51
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 2,029.52
-------------
18. Total interest payments: $ 3,819,278.78
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.54 $ 0.00 $ 0.54 %6.480000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 365,981.36 $ 0.00 $ 365,981.36 %6.500000052
A2 $ 3,094,444.18 $ 0.00 $ 3,094,444.18 %6.500000005
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 $ 70,630.78 $ 0.00 $ 70,630.78 %6.500000307
B1 $ 30,543.04 $ 0.00 $ 30,543.04 %6.500000089
B2 $ 17,180.46 $ 0.00 $ 17,180.46 %6.500000473
B3 $ 17,180.46 $ 0.00 $ 17,180.46 %6.500000473
B4 $ 7,635.76 $ 0.00 $ 7,635.76 %6.500003547
B5 $ 9,544.71 $ 0.00 $ 9,544.71 %6.499997004
20. Principal Distribution Amount: $ 10,088,684.73
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 100.00 $ 0.00
Class PO $ 3,916.75 $ 0.00
Class A1 $ 55,065.07 $ 0.00
Class A2 $ 10,006,625.59 $ 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 $ 10,627.01 $ 0.00
Class B1 $ 4,595.46 $ 0.00
Class B2 $ 2,584.95 $ 0.00
Class B3 $ 2,584.95 $ 0.00
Class B4 $ 1,148.87 $ 0.00
Class B5 $ 1,436.08 $ 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: $ 51,667.74
-----------
3. Supplemental Servicing Fee amount: $ 264,263.09
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.994386 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: % 4.005614
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.74
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 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 % 7.19781
-----------------------
Weighted average maturity 354.48
-----------------------
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 $ 945.30000000 $ 5.40000000 %6.48000000
PO $ 3.96464746 $ 3.00996379 $ 0.00000000 %0.00000000
A1 $ 0.81498449 $ 0.77038292 $ 5.41666671 %6.50000005
A2 $ 17.51608760 $ 16.55748623 $ 5.41666667 %6.50000001
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 $ 0.81498425 $ 0.00000000 $ 5.41666692 %6.50000031
B1 $ 0.81498356 $ 0.00000000 $ 5.41666674 %6.50000009
B2 $ 0.81498479 $ 0.00000000 $ 5.41666706 %6.50000047
B3 $ 0.81498479 $ 0.00000000 $ 5.41666706 %6.50000047
B4 $ 0.81498754 $ 0.00000000 $ 5.41666962 %6.50000355
B5 $ 0.81498161 $ 0.00000000 $ 5.41666417 %6.49999700
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:
$ 51,667.74
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 694,750,701.24
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,107
---------------
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 36157RZY4
PO $ 987,918.86 $ 984,002.11 $ 996.04 GEC9901PO
A1 $ 67,565,789.00 $ 67,510,723.93 $ 999.19 36157RZH1
A2 $ 571,282,002.00 $ 561,275,376.41 $ 982.48 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 $ 664,071,403.00 $ 654,014,896.36 $ 984.86 GEC991SUP
M $ 13,039,528.00 $ 13,028,900.99 $ 999.19 36157RZZ1
B1 $ 5,638,715.00 $ 5,634,119.54 $ 999.19 36157RA21
B2 $ 3,171,777.00 $ 3,169,192.05 $ 999.19 36157RA39
B3 $ 3,171,777.00 $ 3,169,192.05 $ 999.19 36157RA47
B4 $ 1,409,678.00 $ 1,408,529.13 $ 999.19 36157RA54
B5 $ 1,762,101.12 $ 1,760,665.04 $ 999.19 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 25 Principal Balance $ 11,906,252.95
-------- --------------
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
-----------
G.
Opening Reimbursement Rounding Amount Closing
Class Balance Amount (Withdrawl) Balance
- ----- ------- ------ ----------- -------
A7_INT $ 42,000.00 $ 0.00 $ 2,625.00 $39,375.00
A13_INT $ 49,500.00 $ 0.00 $ 4,125.00 $45,375.00
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
*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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