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Previous: TRACKER CORP OF AMERICA, 8-K, 1999-09-03 |
Next: EMERGING MARKETS GROWTH FUND INC, N-30D, 1999-09-03 |
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) August 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 August 25, 1999 GE Capital Mortgage Services, Inc. ("GECMSI") passed
through to Certificateholders of Mortgage Pass-Through Certificates principal
and interest payments as required for the various Series of Mortgage
Pass-Through Certificates listed below and as detailed in Item 7, Financial
Statements, Pro Forma Financial Information and Exhibits, of this Report.
Series Distribution on Series
- ------ ----------------------
Series 1999-01 $8,593,706.47
Series 1999-02 $3,821,221.62
Series 1999-03 $5,437,751.14
Series 1999-04 $3,498,393.69
Series 1999-05 $8,032,064.50
Series 1999-HE1 $12,336,500.62
Series 1999-06 $6,884,997.02
Series 1999-09 $4,063,707.15
Series 1999-10 $2,258,860.55
Series GEM99-1 $4,562,126.66
Series 1999-11 $8,820,845.53
Series 1999-12 $3,522,553.32
Series 1999-13 $6,838,069.32
Series 1999-14 $3,624,726.53
Series 1999-HE2 $4,419,016.68
Series 1999-15 $13,511,389.28
Series 1999-16 $3,685,838.24
Item 7. Financial Statements and Exhibits
- ------- ---------------------------------
Attached as Exhibits to Item 7 are the "Servicer's Certificate" and the
"Distribution Date Statement" filed as part of this Report.
Series Exhibit No. Description
- ------ ----------- -----------
Series 1999-01 99.1 Servicer's Certificate
99.2 Distribution Date Statment
Series 1999-02 99.3 Servicer's Certificate
99.4 Distribution Date Statment
Series 1999-04 99.5 Servicer's Certificate
99.6 Distribution Date Statment
Series 1999-03 99.7 Servicer's Certificate
99.8 Distribution Date Statment
Series 1999-05 99.9 Servicer's Certificate
99.10 Distribution Date Statment
Series 1999-01 HE 99.11 Servicer's Certificate
99.12 Distribution Date Statment
Series 1999-06 99.13 Servicer's Certificate
99.14 Distribution Date Statment
Series 1999-10 99.15 Servicer's Certificate
99.16 Distribution Date Statment
Series GEM1999-01 99.17 Servicer's Certificate
99.18 Distribution Date Statment
Series 1999-09 99.19 Servicer's Certificate
99.20 Distribution Date Statment
Series 1999-11 99.21 Servicer's Certificate
99.22 Distribution Date Statment
Series 1999-12 99.23 Servicer's Certificate
99.24 Distribution Date Statment
Series 1999-13 99.25 Servicer's Certificate
99.26 Distribution Date Statment
Series 1999-14 99.27 Servicer's Certificate
99.28 Distribution Date Statment
Series 1999-02 HE 99.29 Servicer's Certificate
99.30 Distribution Date Statment
Series 1999-15 99.31 Servicer's Certificate
99.32 Distribution Date Statment
Series 1999-16 99.33 Servicer's Certificate
99.34 Distribution Date Statment
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 : August 25, 1999
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
- ----------- -----------
99.1 Series 1999-01 Servicer's Certificate
99.2 Series 1999-01 Distribution Date Statement
99.3 Series 1999-02 Servicer's Certificate
99.4 Series 1999-02 Distribution Date Statement
99.5 Series 1999-04 Servicer's Certificate
99.6 Series 1999-04 Distribution Date Statement
99.7 Series 1999-03 Servicer's Certificate
99.8 Series 1999-03 Distribution Date Statement
99.9 Series 1999-05 Servicer's Certificate
99.10 Series 1999-05 Distribution Date Statement
99.11 Series 1999-01 HE Servicer's Certificate
99.12 Series 1999-01 HE Distribution Date Statement
99.13 Series 1999-06 Servicer's Certificate
99.14 Series 1999-06 Distribution Date Statement
99.15 Series 1999-10 Servicer's Certificate
99.16 Series 1999-10 Distribution Date Statement
99.17 Series GEM1999-01 Servicer's Certificate
99.18 Series GEM1999-01 Distribution Date Statement
99.19 Series 1999-09 Servicer's Certificate
99.20 Series 1999-09 Distribution Date Statement
99.21 Series 1999-11 Servicer's Certificate
99.22 Series 1999-11 Distribution Date Statement
99.23 Series 1999-12 Servicer's Certificate
99.24 Series 1999-12 Distribution Date Statement
99.25 Series 1999-13 Servicer's Certificate
99.26 Series 1999-13 Distribution Date Statement
99.27 Series 1999-14 Servicer's Certificate
99.28 Series 1999-14 Distribution Date Statement
99.29 Series 1999-02 HE Servicer's Certificate
99.30 Series 1999-02 HE Distribution Date Statement
99.31 Series 1999-15 Servicer's Certificate
99.32 Series 1999-15 Distribution Date Statement
99.33 Series 1999-16 Servicer's Certificate
99.34 Series 1999-16 Distribution Date Statement
Exhibit 99.01
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 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 $ 578,003.01
---------------
(b) Interest $ 3,965,759.15
---------------
(c) Total $ 4,543,762.16
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 414,780.57
---------------
(b) Interest $ 2,832,843.52
---------------
(c) Total $ 3,247,624.09
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 163,222.44
---------------
(b) Interest $ 1,132,915.63
---------------
(c) Total $ 1,296,138.07
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 221,647.66
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,185,089.92
---------------
(b) Interest $ 24,133.04
---------------
(c) Total $ 4,209,222.96
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 662,262,734.64
---------------
13. Available Funds: $ 8,600,456.38
---------------
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: $ 4,811.69
--------------
18. Total interest payments: $ 3,615,715.77
--------------
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 $ 364,144.17 $ 0.00 $ 364,144.17 %6.499999986
A2 $ 2,893,485.52 $ 0.00 $ 2,893,485.52 %6.500000002
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 $ 70,276.22 $ 0.00 $ 70,276.22 %6.500000193
B1 $ 30,389.72 $ 0.00 $ 30,389.72 %6.500000668
B2 $ 17,094.21 $ 0.00 $ 17,094.21 %6.499998195
B3 $ 17,094.21 $ 0.00 $ 17,094.21 %6.499998195
B4 $ 7,597.43 $ 0.00 $ 7,597.43 %6.500004132
B5 $ 9,496.80 $ 0.00 $ 9,496.80 %6.499999313
20. Principal Distribution Amount: $ 4,984,740.61
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 8,965.95 $ 0.00
Class A1 $ 58,222.41 $ 0.00
Class A2 $ 4,893,257.43 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class A13 $ 0.00 $ 0.00
Class A14 $ 0.00 $ 0.00
Class A15 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 11,236.35 $ 0.00
Class B1 $ 4,858.96 $ 0.00
Class B2 $ 2,733.17 $ 0.00
Class B3 $ 2,733.17 $ 0.00
Class B4 $ 1,214.74 $ 0.00
Class B5 $ 1,518.43 $ 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: $ 145,820.47
-----------
3. Supplemental Servicing Fee amount: $ 240,249.23
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category A Category B Category C
5. Senior Percentage: % 95.789692 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: % 4.210308
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Services
Exhibit 99.02
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
August, 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 % 7.17925
-------------------------
Weighted average maturity 348.74
-------------------------
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 $ 9.07559352 $ 8.09225365 $ 0.00000000 %0.00000000
A1 $ 0.86171435 $ 0.76552070 $ 5.38947558 %6.49999999
A2 $ 8.56539750 $ 7.60923690 $ 5.06489879 %6.50000000
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 $ 0.86171447 $ 0.00000000 $ 5.38947575 %6.50000019
B1 $ 0.86171406 $ 0.00000000 $ 5.38947615 %6.50000067
B2 $ 0.86171569 $ 0.00000000 $ 5.38947410 %6.49999820
B3 $ 0.86171569 $ 0.00000000 $ 5.38947410 %6.49999820
B4 $ 0.86171452 $ 0.00000000 $ 5.38947902 %6.50000413
B5 $ 0.86171559 $ 0.00000000 $ 5.38947504 %6.49999931
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:
$ 145,820.47
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 662,262,734.64
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,017
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RZY4
PO $ 976,869.63 $ 967,903.68 $ 979.74 GEC9901PO
A1 $ 67,226,616.14 $ 67,168,393.73 $ 994.12 36157RZH1
A2 $ 534,181,942.00 $ 529,288,684.57 $ 926.49 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 $ 627,015,423.68 $ 622,329,386.56 $ 937.14 GEC991SUP
M $ 12,974,071.00 $ 12,962,834.65 $ 994.12 36157RZZ1
B1 $ 5,610,409.27 $ 5,605,550.31 $ 994.12 36157RA21
B2 $ 3,155,855.03 $ 3,153,121.86 $ 994.12 36157RA39
B3 $ 3,155,855.03 $ 3,153,121.86 $ 994.12 36157RA47
B4 $ 1,402,601.57 $ 1,401,386.83 $ 994.12 36157RA54
B5 $ 1,753,255.57 $ 1,751,737.14 $ 994.12 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 10 Principal Balance $ 3,026,382.10
-------- -------------
2. 60-89 days
Number 2 Principal Balance $ 578,037.36
-------- -------------
3. 90 days or more
Number 1 Principal Balance $ 335,451.82
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
---------------
2. Bankruptcy Loss Amount: $ 0.00
---------------
3. Fraud Loss Amount: $ 0.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
- ----- ------- ------ --------------- -------
A7_INT $ 42,000.00 $ 0.00 $ 0.00 $ 23,625.00
A13_INT $ 49,500.00 $ 0.00 $ 0.00 $ 20,625.00
A6 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A12 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A14 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A15 $ 999.99 $ 0.00 $ 0.00 $ 999.99
Exhibit 99.03
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1999
Series 1999-02, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 1, 1999
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 237,017.25
---------------
(b) Interest $ 1,656,615.52
---------------
(c) Total $ 1,893,632.77
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 223,500.92
---------------
(b) Interest $ 1,567,419.94
---------------
(c) Total $ 1,790,920.86
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 13,516.33
---------------
(b) Interest $ 89,195.58
---------------
(c) Total $ 102,711.91
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 56,052.18
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,016,338.01
---------------
(b) Interest $ 11,931.80
---------------
(c) Total $ 2,028,269.81
---------------
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: $ 277,452,017.84
---------------
13. Available Funds: $ 3,821,221.74
---------------
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: $ 1,726.53
---------------
18. Total interest payments: $ 1,511,814.31
---------------
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 $ 1,197,346.83 $ 0.00 $1,197,346.83 %6.500000006
A2 $ 88,421.67 $ 0.00 $ 88,421.67 %6.500000245
A3 $ 148,010.42 $ 0.00 $ 148,010.42 %6.500000146
A4 $ 10,833.33 $ 0.00 $ 10,833.33 %6.499998000
M $ 33,202.45 $ 0.00 $ 33,202.45 %6.499999371
B1 $ 11,862.26 $ 0.00 $ 11,862.26 %6.500001402
B2 $ 7,115.20 $ 0.00 $ 7,115.20 %6.500002992
B3 $ 7,902.78 $ 0.00 $ 7,902.78 %6.500002269
B4 $ 3,166.51 $ 0.00 $ 3,166.51 %6.500009691
B5 $ 3,952.86 $ 0.00 $ 3,952.86 %6.499999548
20. Principal Distribution Amount: $ 2,309,407.43
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 740.76 $ 0.00
Class A1 $ 2,298,159.04 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 5,191.50 $ 0.00
Class B1 $ 1,854.77 $ 0.00
Class B2 $ 1,112.52 $ 0.00
Class B3 $ 1,235.67 $ 0.00
Class B4 $ 495.11 $ 0.00
Class B5 $ 618.06 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 59,110.38
----------
3. Supplemental Servicing Fee amount: $ 99,475.73
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: % 95.554874 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: % 4.445126
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Services
Exhibit 99.04
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
August, 1999
Series 1999-02, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 1, 1999
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.160404
-------------------------
Weighted average maturity 351.10
-------------------------
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 $ 1.12049784 $ 0.16513412 $ 0.00000000 %0.00000000
A1 $ 9.80636140 $ 8.84252842 $ 5.10913977 %6.50000001
A2 $ 0.00000000 $ 0.00000000 $ 5.41666687 %6.50000025
A3 $ 0.00000000 $ 0.00000000 $ 5.41666679 %6.50000015
A4 $ 0.00000000 $ 0.00000000 $ 5.41666500 %6.49999800
M $ 0.84346060 $ 0.00000000 $ 5.39438668 %6.49999937
B1 $ 0.84346066 $ 0.00000000 $ 5.39438836 %6.50000140
B2 $ 0.84345716 $ 0.00000000 $ 5.39438969 %6.50000299
B3 $ 0.84346075 $ 0.00000000 $ 5.39438908 %6.50000227
B4 $ 0.84345826 $ 0.00000000 $ 5.39439523 %6.50000969
B5 $ 0.84345378 $ 0.00000000 $ 5.39438684 %6.49999955
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 59,110.38
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 277,452,017.84
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 818
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RB38
PO $ 657,247.54 $ 656,506.78 $ 993.05 GEC9902PO
A1 $ 221,048,645.35 $ 218,750,486.31 $ 933.42 36157RA70
A2 $ 16,324,000.00 $ 16,324,000.00 $ 1,000.00 36157RA88
A3 $ 27,325,000.00 $ 27,325,000.00 $ 1,000.00 36157RA96
A4 $ 2,000,000.00 $ 2,000,000.00 $ 1,000.00 36157RB20
SUP $ 257,768,757.91 $ 255,483,380.29 $ 942.73 GEC992SUP
M $ 6,129,683.67 $ 6,124,492.17 $ 995.04 36157RB46
B1 $ 2,189,955.22 $ 2,188,100.45 $ 995.04 36157RB53
B2 $ 1,313,574.78 $ 1,312,462.25 $ 995.04 36157RB61
B3 $ 1,458,974.26 $ 1,457,738.59 $ 995.04 36157RC78
B4 $ 584,585.59 $ 584,090.48 $ 995.04 36157RC86
B5 $ 729,758.82 $ 729,140.75 $ 995.04 36157RC94
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 5 Principal Balance $ 1,996,050.02
-------- ------------
2. 60-89 days
Number 1 Principal Balance $ 446,761.72
-------- ------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------
2. Bankruptcy Loss Amount: $ 0.00
------------
3. Fraud Loss Amount: $ 0.00
------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.05
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1999
Series 1999-04, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 1, 1999
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 735,442.26
---------------
(b) Interest $ 1,185,198.96
---------------
(c) Total $ 1,920,641.22
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 563,031.38
---------------
(b) Interest $ 907,610.79
---------------
(c) Total $ 1,470,642.17
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 172,410.88
---------------
(b) Interest $ 277,588.17
---------------
(c) Total $ 449,999.05
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 233,938.92
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,441,733.27
---------------
(b) Interest $ 8,193.33
---------------
(c) Total $ 1,449,926.60
---------------
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: $ 206,731,893.51
---------------
13. Available Funds: $ 3,498,393.63
---------------
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: $ 1,587.88
---------------
18. Total interest payments: $ 1,087,279.18
---------------
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 $ 532,087.24 $ 0.00 $ 532,087.24 %6.249999943
A2 $ 156,387.50 $ 0.00 $ 156,387.50 %6.250000000
A3 $ 263,050.46 $ 0.00 $ 263,050.46 %6.250000114
A4 $ 112,649.29 $ 0.00 $ 112,649.29 %6.250000020
M $ 8,663.75 $ 0.00 $ 8,663.75 %6.249996769
B1 $ 2,887.92 $ 0.00 $ 2,887.92 %6.250003945
B2 $ 2,887.92 $ 0.00 $ 2,887.92 %6.250003945
B3 $ 5,198.25 $ 0.00 $ 5,198.25 %6.249996806
B4 $ 1,732.75 $ 0.00 $ 1,732.75 %6.249996806
B5 $ 1,734.10 $ 0.00 $ 1,734.10 %6.250010324
20. Principal Distribution Amount: $ 2,411,114.45
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,682.25 $ 0.00
Class A1 $1,196,916.93 $ 0.00
Class A2 $ 344,520.00 $ 0.00
Class A3 $ 776,345.60 $ 0.00
Class A4 $ 76,051.32 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 5,849.04 $ 0.00
Class B1 $ 1,949.68 $ 0.00
Class B2 $ 1,949.68 $ 0.00
Class B3 $ 3,509.42 $ 0.00
Class B4 $ 1,169.81 $ 0.00
Class B5 $ 1,170.72 $ 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: $ 45,080.83
----------
3. Supplemental Servicing Fee amount: $ 63,536.41
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: % 97.874999 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: % 2.125001
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Services
Exhibit 99.06
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
August, 1999
Series 1999-04, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 1, 1999
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 6.856787
---------------------
Weighted average maturity 170.15
---------------------
A. Amount of distribution allocable to principal and interest: The amounts
below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 4.27467706 $ 0.71004489 $ 0.00000000 %0.00000000
A1 $ 10.84664954 $ 7.59133640 $ 4.82185829 %6.24999994
A2 $ 10.85136540 $ 7.59463700 $ 4.92574569 %6.25000000
A3 $ 13.71635336 $ 9.59978039 $ 4.64753463 %6.25000011
A4 $ 3.45687818 $ 2.41939455 $ 5.12042227 %6.25000002
M $ 3.45687943 $ 0.00000000 $ 5.12041962 %6.24999677
B1 $ 3.45687943 $ 0.00000000 $ 5.12042553 %6.25000395
B2 $ 3.45687943 $ 0.00000000 $ 5.12042553 %6.25000395
B3 $ 3.45687549 $ 0.00000000 $ 5.12041962 %6.24999681
B4 $ 3.45688534 $ 0.00000000 $ 5.12041962 %6.24999681
B5 $ 3.45688864 $ 0.00000000 $ 5.12043066 %6.25001032
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 45,080.83
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 206,731,893.51
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 656
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RC37
PO $ 385,405.96 $ 383,723.70 $ 975.06 GEC9904PO
A1 $ 102,160,751.01 $ 100,963,834.09 $ 914.95 36157RB79
A2 $ 30,026,400.00 $ 29,681,880.00 $ 934.89 36157RB87
A3 $ 50,505,687.40 $ 49,729,341.80 $ 878.61 36157RB95
A4 $ 21,628,663.61 $ 21,552,612.28 $ 979.66 36157RC29
SUP $ 193,924,914.62 $ 191,576,526.95 $ 912.05 GEC994SUP
M $ 1,663,440.86 $ 1,657,591.82 $ 979.66 36157RC45
B1 $ 554,480.29 $ 552,530.61 $ 979.66 36157RC52
B2 $ 554,480.29 $ 552,530.61 $ 979.66 36157RC60
B3 $ 998,064.51 $ 994,555.09 $ 979.66 36158GEX2
B4 $ 332,688.17 $ 331,518.37 $ 979.66 36158GEY0
B5 $ 332,946.65 $ 331,775.93 $ 979.66 36158GEZ7
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 2 Principal Balance $ 706,580.20
-------- ------------
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 99.07
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1999
Series 1999-03, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 410,208.55
---------------
(b) Interest $ 2,861,755.41
---------------
(c) Total $ 3,271,963.96
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 370,151.11
---------------
(b) Interest $ 2,583,792.95
---------------
(c) Total $ 2,953,944.06
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 40,057.44
---------------
(b) Interest $ 277,962.46
---------------
(c) Total $ 318,019.90
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 58,031.39
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,363,080.14
---------------
(b) Interest $ 15,254.23
---------------
(c) Total $ 2,378,334.37
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 479,059,960.16
---------------
13. Available Funds: $ 5,607,468.86
---------------
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: $ 1,236.79
---------------
18. Total interest payments: $ 2,776,148.77
---------------
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 $ 687,657.54 $ 0.00 $ 687,657.54 %6.499999987
A2 $ 29,553.33 $ 0.00 $ 29,553.33 %6.499999267
A3 $ 103,752.22 $ 0.00 $ 103,752.22 %5.913749734
A4 $ 54,145.90 $ 0.00 $ 54,145.90 %7.665846657
A5 $ 270,833.33 $ 0.00 $ 270,833.33 %6.499999920
A6 $ 16,250.00 $ 0.00 $ 16,250.00 %6.500000000
A7 $ 16,250.00 $ 0.00 $ 16,250.00 %6.500000000
A8 $ 10,833.33 $ 0.00 $ 10,833.33 %6.499998000
A9 $ 10,833.33 $ 0.00 $ 10,833.33 %6.499998000
A10 $ 13,843.13 $ 0.00 $ 13,843.13 %6.750002438
A11 $ 11,070.00 $ 0.00 $ 11,070.00 %6.750000000
A12 $ 11,070.00 $ 0.00 $ 11,070.00 %6.750000000
A13 $ 11,070.00 $ 0.00 $ 11,070.00 %6.750000000
A14 $ 8,313.75 $ 0.00 $ 8,313.75 %6.750000000
A15 $ 658,295.10 $ 0.00 $ 658,295.10 %6.499999990
A16 $ 394,177.45 $ 0.00 $ 394,177.45 %6.500000047
A17 $ 55,069.60 $ 0.00 $ 55,069.60 %6.499999517
A18 $ 135,416.67 $ 0.00 $ 135,416.67 %6.500000160
S $ 169,717.92 $ 0.00 $ 169,717.92 %0.446762860
M $ 49,945.84 $ 0.00 $ 49,945.84 %6.499999642
B1 $ 20,248.27 $ 0.00 $ 20,248.27 %6.499999728
B2 $ 12,148.64 $ 0.00 $ 12,148.64 %6.500000742
B3 $ 13,498.85 $ 0.00 $ 13,498.85 %6.500001342
B4 $ 5,399.75 $ 0.00 $ 5,399.75 %6.499994152
B5 $ 6,754.82 $ 0.00 $ 6,754.82 %6.499997041
20. Principal Distribution Amount: $ 2,831,320.09
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 789.30 $ 0.00
Class A1 $ 1,094,253.47 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class A13 $ 0.00 $ 0.00
Class A14 $ 0.00 $ 0.00
Class A15 $ 849,059.03 $ 0.00
Class A16 $ 567,133.61 $ 0.00
Class A17 $ 303,116.38 $ 0.00
Class A18 $ 0.00 $ 0.00
Class S $ 0.00 $ 0.00
Class M $ 7,847.46 $ 0.00
Class B1 $ 3,181.40 $ 0.00
Class B2 $ 1,908.79 $ 0.00
Class B3 $ 2,120.93 $ 0.00
Class B4 $ 848.41 $ 0.00
Class B5 $ 1,061.31 $ 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 % 5.91374973
Class A4 % 7.66584666
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 101,491.30
-----------
3. Supplemental Servicing Fee amount: $ N/A
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category A Category B Category C
5. Senior Percentage: % 95.856549 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: % 4.143451
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Services
Exhibit 99.08
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
August, 1999
Series 1999-03, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.16256
-------------------------
Weighted average maturity 350.61
-------------------------
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 $ 1.11604302 $ 0.14353164 $ 0.00000000 %0.00000000
A1 $ 8.16607067 $ 7.02672821 $ 5.13177269 %6.49999999
A2 $ 0.00000000 $ 0.00000000 $ 5.41666606 %6.49999927
A3 $ 0.00000000 $ 0.00000000 $ 4.92812478 %5.91374973
A4 $ 0.00000000 $ 0.00000000 $ 6.38820555 %7.66584666
A5 $ 0.00000000 $ 0.00000000 $ 5.41666660 %6.49999992
A6 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A7 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A8 $ 0.00000000 $ 0.00000000 $ 5.41666500 %6.49999800
A9 $ 0.00000000 $ 0.00000000 $ 5.41666500 %6.49999800
A10 $ 0.00000000 $ 0.00000000 $ 5.62500203 %6.75000244
A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A12 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A13 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A14 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A15 $ 6.68550417 $ 5.75273260 $ 5.18342598 %6.49999999
A16 $ 7.42088362 $ 6.38551070 $ 5.15777046 %6.50000005
A17 $ 25.01166598 $ 21.52200017 $ 4.54407129 %6.49999952
A18 $ 0.00000000 $ 0.00000000 $ 5.41666680 %6.50000016
S $ 0.00000000 $ 0.00000000 $ 0.35810931 %0.44676286
M $ 0.84823650 $ 0.00000000 $ 5.39867481 %6.49999964
B1 $ 0.84823762 $ 0.00000000 $ 5.39867488 %6.49999973
B2 $ 0.84823801 $ 0.00000000 $ 5.39867573 %6.50000074
B3 $ 0.84823628 $ 0.00000000 $ 5.39867621 %6.50000134
B4 $ 0.84824035 $ 0.00000000 $ 5.39867027 %6.49999415
B5 $ 0.84823360 $ 0.00000000 $ 5.39867267 %6.49999704
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 101,491.30
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 479,059,960.16
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,394
-------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RG66
PO $ 704,037.82 $ 703,248.52 $ 994.37 GEC9903PO
A1 $ 126,952,161.49 $ 125,857,908.02 $ 939.24 36157RE43
A2 $ 5,456,000.00 $ 5,456,000.00 $ 1,000.00 36157RE50
A3 $ 21,053,083.00 $ 21,053,083.00 $ 1,000.00 36157RE68
A4 $ 8,475,917.00 $ 8,475,917.00 $ 1,000.00 36157RE76
A5 $ 50,000,000.00 $ 50,000,000.00 $ 1,000.00 36157RE84
A6 $ 3,000,000.00 $ 3,000,000.00 $ 1,000.00 36157RE92
A7 $ 3,000,000.00 $ 3,000,000.00 $ 1,000.00 36157RF26
A8 $ 2,000,000.00 $ 2,000,000.00 $ 1,000.00 36157RF34
A9 $ 2,000,000.00 $ 2,000,000.00 $ 1,000.00 36157RF42
A10 $ 2,461,000.00 $ 2,461,000.00 $ 1,000.00 36157RF59
A11 $ 1,968,000.00 $ 1,968,000.00 $ 1,000.00 36157RF67
A12 $ 1,968,000.00 $ 1,968,000.00 $ 1,000.00 36157RF75
A13 $ 1,968,000.00 $ 1,968,000.00 $ 1,000.00 36157RF83
A14 $ 1,478,000.00 $ 1,478,000.00 $ 1,000.00 36157RF91
A15 $ 121,531,403.27 $ 120,682,344.24 $ 950.25 36157RG25
A16 $ 72,771,221.01 $ 72,204,087.40 $ 944.78 36157RG33
A17 $ 10,166,696.14 $ 9,863,579.76 $ 813.89 36157RG41
A18 $ 25,000,000.00 $ 25,000,000.00 $ 1,000.00 36157RG58
S $ 455,860,417.66 $ 453,059,334.86 $ 955.97 GEC99003S
M $ 9,220,770.97 $ 9,212,923.51 $ 995.83 36157RG74
B1 $ 3,738,142.31 $ 3,734,960.92 $ 995.83 36157RG82
B2 $ 2,242,825.59 $ 2,240,916.80 $ 995.83 36157RG90
B3 $ 2,492,094.87 $ 2,489,973.94 $ 995.83 36157RM85
B4 $ 996,877.82 $ 996,029.41 $ 995.83 36157RM93
B5 $ 1,247,044.26 $ 1,245,982.94 $ 995.83 36157RN27
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 10 Principal Balance $ 3,641,139.52
-------- -------------
2. 60-89 days
Number 2 Principal Balance $ 654,701.01
-------- -------------
3. 90 days or more
Number 1 Principal Balance $ 804,692.37
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A3 % 5.91374973
A4 % 7.66584666
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
---------------
2. Bankruptcy Loss Amount: $ 0.00
---------------
3. Fraud Loss Amount: $ 0.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.09
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1999
Series 1999-05, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 644,076.58
---------------
(b) Interest $ 4,555,035.84
---------------
(c) Total $ 5,199,112.42
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 497,063.13
---------------
(b) Interest $ 3,531,226.62
---------------
(c) Total $ 4,028,289.75
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 147,013.45
---------------
(b) Interest $ 1,023,809.22
---------------
(c) Total $ 1,170,822.67
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 138,685.26
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,124,999.09
---------------
(b) Interest $ 18,942.79
---------------
(c) Total $ 3,143,941.88
---------------
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: $ 758,234,489.46
---------------
13. Available Funds: $ 8,328,020.15
---------------
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: $ 2,518.69
--------------
18. Total interest payments: $ 4,420,259.23
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 2,128,664.99 $ 0.00 $ 2,128,664.99 %6.499999987
A2 $ 333,421.87 $ 0.00 $ 333,421.87 %6.500000041
A3 $ 13,595.83 $ 0.00 $ 13,595.83 %6.499998406
A4 $ 17,988.75 $ 0.00 $ 17,988.75 %6.500000000
A5 $ 17,994.17 $ 0.00 $ 17,994.17 %6.500001204
A6 $ 12,545.00 $ 0.00 $ 12,545.00 %6.500000000
A7 $ 18,994.08 $ 0.00 $ 18,994.08 %6.499998859
A8 $ 94,263.91 $ 0.00 $ 94,263.91 %6.500000232
A9 $ 17,364.58 $ 0.00 $ 17,364.58 %6.249998800
A10 $ 27,083.33 $ 0.00 $ 27,083.33 %6.499999200
A11 $ 9,724.17 $ 0.00 $ 9,724.17 %7.000002400
A12 $ 21,379.58 $ 0.00 $ 21,379.58 %6.499998987
A13 $ 24,375.00 $ 0.00 $ 24,375.00 %6.500000000
A14 $ 7,583.33 $ 0.00 $ 7,583.33 %6.499997143
A15 $ 5,579.17 $ 0.00 $ 5,579.17 %6.500003883
A16 $ 26,406.46 $ 0.00 $ 26,406.46 %6.750001118
A17 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A18 $ 24,721.88 $ 0.00 $ 24,721.88 %6.750001365
A19 $ 6,666.67 $ 0.00 $ 6,666.67 %8.000004000
A20 $ 22,110.00 $ 0.00 $ 22,110.00 %9.000000000
A21 $ 5,416.67 $ 0.00 $ 5,416.67 %6.500004000
A22 $ 5,833.33 $ 0.00 $ 5,833.33 %6.999996000
A23 $ 27,083.33 $ 0.00 $ 27,083.33 %6.750000312
A24 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A25 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A26 $ 53,175.41 $ 0.00 $ 53,175.41 %6.999999671
A27 $ 513,386.32 $ 0.00 $ 513,386.32 %6.500000019
A28 $ 88,188.75 $ 0.00 $ 88,188.75 %6.500000000
A29 $ 427,190.83 $ 0.00 $ 427,190.83 %6.499999949
S $ 288,564.07 $ 0.00 $ 288,564.07 %0.474458076
M $ 85,155.71 $ 0.00 $ 85,155.71 %6.500000328
B1 $ 31,934.06 $ 0.00 $ 31,934.06 %6.499999084
B2 $ 19,160.44 $ 0.00 $ 19,160.44 %6.500000441
B3 $ 23,417.95 $ 0.00 $ 23,417.95 %6.499998882
B4 $ 8,516.11 $ 0.00 $ 8,516.11 %6.499999641
B5 $ 12,773.48 $ 0.00 $ 12,773.48 %6.499998410
20. Principal Distribution Amount: $ 3,907,760.92
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 789.23 $ 0.00
Class A1 $ 2,491,073.34 $ 0.00
Class A2 $ 477,592.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 200,346.37 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class A13 $ 0.00 $ 0.00
Class A14 $ 0.00 $ 0.00
Class A15 $ 0.00 $ 0.00
Class A16 $ 0.00 $ 0.00
Class A17 $ 0.00 $ 0.00
Class A18 $ 0.00 $ 0.00
Class A19 $ 0.00 $ 0.00
Class A20 $ 0.00 $ 0.00
Class A21 $ 0.00 $ 0.00
Class A22 $ 0.00 $ 0.00
Class A23 $ 0.00 $ 0.00
Class A24 $ 0.00 $ 0.00
Class A25 $ 0.00 $ 0.00
Class A26 $ 0.00 $ 0.00
Class A27 $ 709,731.04 $ 0.00
Class A28 $ 0.00 $ 0.00
Class A29 $ 0.00 $ 0.00
Class S $ 0.00 $ 0.00
Class M $ 13,284.07 $ 0.00
Class B1 $ 4,981.63 $ 0.00
Class B2 $ 2,988.98 $ 0.00
Class B3 $ 3,653.14 $ 0.00
Class B4 $ 1,328.49 $ 0.00
Class B5 $ 1,992.63 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
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: $ 168,156.01
-----------
3. Supplemental Servicing Fee amount: $ N/A
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category A Category B Category C
5. Senior Percentage: % 95.612404 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: % 4.387596
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Services
Exhibit 99.10
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
August, 1999
Series 1999-05, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.20409
------------------------
Weighted average maturity 350.61
------------------------
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 $ 1.06753062 $ 0.12622677 $ 0.00000000 %0.00000000
A1 $ 6.07672237 $ 5.11298065 $ 5.19266373 %6.49999999
A2 $ 7.36967827 $ 6.20087925 $ 5.14500224 %6.50000004
A3 $ 0.00000000 $ 0.00000000 $ 5.41666534 %6.49999841
A4 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A5 $ 0.00000000 $ 0.00000000 $ 5.41666767 %6.50000120
A6 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A7 $ 0.00000000 $ 0.00000000 $ 5.41666572 %6.49999886
A8 $ 10.67602952 $ 8.98285783 $ 5.02312214 %6.50000023
A9 $ 0.00000000 $ 0.00000000 $ 5.20833233 %6.24999880
A10 $ 0.00000000 $ 0.00000000 $ 5.41666600 %6.49999920
A11 $ 0.00000000 $ 0.00000000 $ 5.83333533 %7.00000240
A12 $ 0.00000000 $ 0.00000000 $ 5.41666582 %6.49999899
A13 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A14 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A15 $ 0.00000000 $ 0.00000000 $ 5.41666990 %6.50000388
A16 $ 0.00000000 $ 0.00000000 $ 5.62500093 %6.75000112
A17 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A18 $ 0.00000000 $ 0.00000000 $ 5.62500114 %6.75000137
A19 $ 0.00000000 $ 0.00000000 $ 6.66667000 %8.00000400
A20 $ 0.00000000 $ 0.00000000 $ 7.50000000 %9.00000000
A21 $ 0.00000000 $ 0.00000000 $ 5.41667000 %6.50000400
A22 $ 0.00000000 $ 0.00000000 $ 5.83333000 %6.99999600
A23 $ 0.00000000 $ 0.00000000 $ 5.62500026 %6.75000031
A24 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A25 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A26 $ 0.00000000 $ 0.00000000 $ 5.83333306 %6.99999967
A27 $ 7.12516981 $ 5.99514893 $ 5.15401540 %6.50000002
A28 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A29 $ 0.00000000 $ 0.00000000 $ 5.41666662 %6.49999995
S $ 0.00000000 $ 0.00000000 $ 0.38174418 %0.47445808
M $ 0.84220313 $ 0.00000000 $ 5.39882774 %6.50000033
B1 $ 0.84220287 $ 0.00000000 $ 5.39882671 %6.49999908
B2 $ 0.84220344 $ 0.00000000 $ 5.39882784 %6.50000044
B3 $ 0.84220306 $ 0.00000000 $ 5.39882654 %6.49999888
B4 $ 0.84220236 $ 0.00000000 $ 5.39882718 %6.49999964
B5 $ 0.84220298 $ 0.00000000 $ 5.39882611 %6.49999841
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:
$ 168,156.01
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 758,234,489.46
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,453
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RL78
PO $ 732,371.57 $ 731,582.34 $ 989.56 GEC9905PO
A1 $ 392,984,306.61 $ 390,493,233.27 $ 952.57 36157RH24
A2 $ 61,554,806.38 $ 61,077,214.38 $ 942.48 36157RH32
A3 $ 2,510,000.00 $ 2,510,000.00 $ 1,000.00 36157RH40
A4 $ 3,321,000.00 $ 3,321,000.00 $ 1,000.00 36157RH57
A5 $ 3,322,000.00 $ 3,322,000.00 $ 1,000.00 36157RH65
A6 $ 2,316,000.00 $ 2,316,000.00 $ 1,000.00 36157RH73
A7 $ 3,506,600.00 $ 3,506,600.00 $ 1,000.00 36157RH81
A8 $ 17,402,567.38 $ 17,202,221.00 $ 916.67 36157RH99
A9 $ 3,334,000.00 $ 3,334,000.00 $ 1,000.00 36157RJ22
A10 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36157RJ30
A11 $ 1,667,000.00 $ 1,667,000.00 $ 1,000.00 36157RJ48
A12 $ 3,947,000.00 $ 3,947,000.00 $ 1,000.00 36157RJ55
A13 $ 4,500,000.00 $ 4,500,000.00 $ 1,000.00 36157RJ63
A14 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 36157RJ71
A15 $ 1,030,000.00 $ 1,030,000.00 $ 1,000.00 36157RJ89
A16 $ 4,694,481.00 $ 4,694,481.00 $ 1,000.00 36157RJ97
A17 $ 426,519.00 $ 426,519.00 $ 1,000.00 36157RK20
A18 $ 4,395,000.00 $ 4,395,000.00 $ 1,000.00 36157RK38
A19 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RK46
A20 $ 2,948,000.00 $ 2,948,000.00 $ 1,000.00 36157RK53
A21 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RK61
A22 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RK79
A23 $ 4,814,814.00 $ 4,814,814.00 $ 1,000.00 36157RK87
A24 $ 185,186.00 $ 185,186.00 $ 1,000.00 36157RK95
A25 $ 701,215.00 $ 701,215.00 $ 1,000.00 36157RL29
A26 $ 9,115,785.00 $ 9,115,785.00 $ 1,000.00 36157RL37
A27 $ 94,779,012.64 $ 94,069,281.60 $ 944.39 36157RL45
A28 $ 16,281,000.00 $ 16,281,000.00 $ 1,000.00 36157RL52
A29 $ 78,866,000.00 $ 78,866,000.00 $ 1,000.00 36157RL60
S $ 729,836,632.24 $ 725,962,455.00 $ 960.38 GEC99005S
M $ 15,721,053.36 $ 15,707,769.29 $ 995.86 36157RL86
B1 $ 5,895,519.60 $ 5,890,537.97 $ 995.86 36157RL94
B2 $ 3,537,311.76 $ 3,534,322.78 $ 995.86 36157RM28
B3 $ 4,323,314.59 $ 4,319,661.45 $ 995.86 36157RM51
B4 $ 1,572,205.01 $ 1,570,876.52 $ 995.86 36157RM69
B5 $ 2,358,181.50 $ 2,356,188.87 $ 995.86 36157RM77
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 19 Principal Balance $ 6,181,062.14
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 1 Principal Balance $ 598,441.49
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
---------------
2. Bankruptcy Loss Amount: $ 0.00
---------------
3. Fraud Loss Amount: $ 0.00
---------------
4. Certificate Interest Rate of the Class S Certificate: %0.00000000
-----------
G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
- ----- ------- ------ -------
A19-INT $ 20,000.00 $ 0.00 $ 0.00 $ 13,750.00
A20-INT $ 73,701.00 $ 0.00 $ 0.00 $ 42,999.20
A12 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A13 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A18 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A21 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A22 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A23 $ 999.99 $ 0.00 $ 0.00 $ 999.99
Exhibit 99.11
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
AUGUST 1999
REMIC Home Equity Loan Pass-Through Certificates,
Series 1999-HE1
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1999
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
(1) Aggregate Monthly Payments Due: $4,188,634.78
-----------
(2) Aggregate Monthly Payments received and Monthly Advances made
this Month:
(a) Principal $498,886.52
-----------
(b) Interest $3,452,135.49
-----------
(c) Total $3,951,022.01
-----------
(3) Aggregate Principal Prepayments in part received on Self-
Amortizing Mortgage Loans and applied in the applicable
Prepayment Period:
(a) Principal $66,398.64
--------
(c) Total $66,398.64
--------
(4) Aggregate Principal Prepayments in full received in the
applicable Prepayment period:
(a) Principal $8,271,966.29
-----------
(b) Interest $91,057.65
-----------
(c) Total $8,363,023.94
-----------
(5) Aggregate Insurance Proceeds (inculding purchases of Mortgage
Loans by primary mortgage insurers) for prior month:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(6) Aggregate Liquidation Proceeds for prior month:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(7) Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(8) Aggregate Purchase Prices for (and substitution adjustments) for
Defective Mortgage Loans:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(9) Pool Principal Balance $472,096,855.28
-------------
(10) Available Funds: $12,336,500.62
-------------
(11) Realized Losses for prior month: $0.00
-------------
(12) Aggregate Realized Losses:
$0.00
-------------
(a) Deficient Valuations $0.00
-------------
(b) Special Hazard Losses $0.00
-------------
(c) Fraud Losses $0.00
-------------
(d) Excess Bankruptcy Losses $0.00
-------------
(e) Excess Special Hazard Losses $0.00
-------------
(f ) Excess Fraud Losses $0.00
-------------
(13) Compensating Interest Payment: $7,879.79
--------
(14) Net Simple Interest Shortfall: $0.00
--------
(15) Net Simple Interest Excess: $0.00
--------
(16) Simple Interest Shortfall Payment: $0.00
--------
(17) Unpaid Net Simple Interest Shortfall:
Class A1 $0.00
--------
Class A2 $0.00
--------
Class A3 $0.00
--------
Class A4 $0.00
--------
Class A5 $0.00
--------
Class A6 $0.00
--------
Class A7 $0.00
--------
Class S $0.00
--------
Class M $0.00
--------
Class B1 $0.00
--------
Class B2 $0.00
--------
Class B3 $0.00
--------
Class B4 $0.00
--------
Class B5 $0.00
--------
(18) Class Certificate Interest Rate:
Class M 6.705%
------
Class B1 7.200%
------
Class B2 8.525%
------
Class B3 8.895%
------
Class B4 8.895%
------
Class B5 8.895%
------
Class S 2.56%
------
(19) Accrued Certificate Interest and Pay-out Rate:
Class A1 $676,322.24 5.995%
-------------------------
Class A2 $231,279.17 5.905%
-------------------------
Class A3 $422,424.85 6.035%
-------------------------
Class A4 $123,700.00 6.185%
-------------------------
Class A5 $225,212.50 6.285%
-------------------------
Class A6 $182,217.67 6.700%
-------------------------
Class A7 $229,716.67 6.265%
-------------------------
Class S $1,005,517.54 2.56%
-------------------------
Class M $99,116.68 6.705%
-------------------------
Class B1 $91,229.16 7.200%
-------------------------
Class B2 $81,016.93 8.525%
-------------------------
Class B3 $43,205.58 8.895%
-------------------------
Class B4 $26,296.80 8.895%
-------------------------
Class B5 $61,993.38 8.895%
-------------------------
Total $3,499,249.17
(20) Principal distributable:
Class A1 $8,771,639.57
-----------
Class A2 $0.00
-----------
Class A3 $0.00
-----------
Class A4 $0.00
-----------
Class A5 $0.00
-----------
Class A6 $0.00
-----------
Class A7 $0.00
-----------
Class M $18,745.62
-----------
Class B1 $16,067.68
-----------
Class B2 $12,051.28
-----------
Class B3 $6,159.80
-----------
Class B4 $3,749.12
-----------
Class B5 $8,838.37
-----------
Class R1 $0.00
-----------
Class R2 $0.00
-----------
Total $8,837,251.45
(21) Additional distributions to the Class R1 Certificate pursuant to
Section 2.05 (d) : $0.00
----------
(22) Additional distributions to the Class R2 Certificate pursuant to
Section 4.01 (b) : $0.00
----------
(23) Distribution Allocable to Unanticipated Recovers:
Class A1 $0.00
---
Class A2 $0.00
---
Class A3 $0.00
---
Class A4 $0.00
---
Class A5 $0.00
---
Class A6 $0.00
---
Class A7 $0.00
---
Class M $0.00
---
Class B1 $0.00
---
Class B2 $0.00
---
Class B3 $0.00
---
Class B4 $0.00
---
Class B5 $0.00
---
Class R1 $0.00
---
Class R2 $0.00
---
B. Other Amounts:
1) Senior Percentage for such
Distribution Date 86.848336%
----
2) Senior Prepayment Percentage
for such Distribution Date 100.00%
----
3) Junior Percentage for such
Distribution Date 13.151664%
----
4) Junior Prepayment Percentage
----
for such Distribution Date 0.00%
----
5) Subordinate Certfificate Writedown Amount
for such Distribution Date $0.00
----
6) Prepayment Distribution Triggers satisfied:
Yes No
Class B1 X
---------------------------------
Class B2 X
---------------------------------
Class B3 X
---------------------------------
Class B4 X
---------------------------------
Class B5 X
---------------------------------
7) Class A7 Certificate Percentage
for such Distribution Date 10.731491%
----
8) Class A7 Distribution Percentage
for such Distribution Date 0.00%
----
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
- ----------------------------------------
Name: Tim Neer
Title: Vice President of Investor Operations
Exhibit 99.12
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
AUGUST 1999
REMIC Home Equity Loan Pass-Through Certificates,
Series 1999-HE1
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1999
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
The amounts below are for a Single Certificate of $1,000:
(1) Amount of distribution allocable to principal:
Class A1 $50.99790447
-----
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 $1.05223816
-----
Class B1 $1.05223816
-----
Class B2 $1.05223816
-----
Class B3 $1.05223816
-----
Class B4 $1.05223816
-----
Class B5 $1.05223816
-----
Class R1 $0.00000000
-----
Class R2 $0.00000000
-----
(2) Aggregate Principal prepayments included in distribution:
Class A1 $8,338,364.93
-----------
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 $3.93210602 5.995%
----------------------------
Class A2 $4.92083333 5.905%
----------------------------
Class A3 $5.02916667 6.035%
----------------------------
Class A4 $5.15416667 6.185%
----------------------------
Class A5 $5.23750000 6.285%
----------------------------
Class A6 $5.58333333 6.700%
----------------------------
Class A7 $5.22083333 6.265%
----------------------------
Class S $2.12989671 2.56%
----------------------------
Class M $5.56366433 6.705%
----------------------------
Class B1 $5.97440465 7.200%
----------------------------
Class B2 $7.07386106 8.525%
----------------------------
Class B3 $7.38052310 8.895%
----------------------------
Class B4 $7.38052310 8.895%
----------------------------
Class B5 $7.38052310 8.895%
----------------------------
(4) Amount of distribution allocable to Unanticipated Recoveries:
Class A1 $0.00
---
Class A2 $0.00
---
Class A3 $0.00
---
Class A4 $0.00
---
Class A5 $0.00
---
Class A6 $0.00
---
Class A7 $0.00
---
Class M $0.00
---
Class B1 $0.00
---
Class B2 $0.00
---
Class B3 $0.00
---
Class B4 $0.00
---
Class B5 $0.00
---
Class R1 $0.00
---
Class R2 $0.00
---
(5) Servicing Compensation: $224,033.10
---------
The amounts below are for the aggregate of all Certificates:
(6) Pool Principal Balance; $472,096,855.28
-------------
number of Mortgage
Loans: 5,908
-------------
(7) Class Certificate Principal Balance of each Class; Certificate
Principal Balance of Single Certificate of each class:
Single
Certificate
Class Class Balance Balance
----- ------------- -------
Class A1 $126,605,621.91 $736.07919714
-----------------------------------
Class A2 $47,000,000.00 $1,000.00000000
-----------------------------------
Class A3 $83,995,000.00 $1,000.00000000
-----------------------------------
Class A4 $24,000,000.00 $1,000.00000000
-----------------------------------
Class A5 $43,000,000.00 $1,000.00000000
-----------------------------------
Class A6 $32,636,000.00 $1,000.00000000
-----------------------------------
Class A7 $44,000,000.00 $1,000.00000000
-----------------------------------
Class M $17,720,257.51 $994.68186994
-----------------------------------
Class B1 $15,188,792.15 $994.68186994
-----------------------------------
Class B2 $11,392,091.46 $994.68186994
-----------------------------------
Class B3 $5,822,867.67 $994.68186994
-----------------------------------
Class B4 $3,544,051.50 $994.68186994
-----------------------------------
Class B5 $8,354,921.63 $994.68186994
-----------------------------------
Class R1 $0.00 $0.00000000
-----------------------------------
Class R2 $0.00 $0.00000000
-----------------------------------
(8) Book value of real estate acquired on behalf of Certificate-
holders; number of $71,794.31
----------
related Mortgage Loans: 1
----------
(9) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $3,940,965.31
-----------
55
-----------
Two Payments Delinquent $1,995,154.47
-----------
20
-----------
Three or more Payments Delinquent $1,224,371.00
-----------
13
-----------
TOTAL $7,160,490.78
-----------
88
-----------
In foreclosure $4,904,423.02
-----------
54
-----------
(10) Aggregate Scheduled Principal Balance and number of replaced
Mortgage Loans: $0.00
---
0
---
(11) Unpaid Net Simple Interest Shortfall:
Class A1 $0.00
---
Class A2 $0.00
---
Class A3 $0.00
---
Class A4 $0.00
---
Class A5 $0.00
---
Class A6 $0.00
---
Class A7 $0.00
---
Class S $0.00
---
Class M $0.00
---
Class B1 $0.00
---
Class B2 $0.00
---
Class B3 $0.00
---
Class B4 $0.00
---
Class B5 $0.00
---
(12) Class Certificate Interest Rate of:
Class M 6.705%
---
Class B1 7.200%
---
Class B2 8.525%
---
Class B3 8.895%
---
Class B4 8.895%
---
Class B5 8.895%
---
Class S 2.56%
---
(13) Senior Percentage for such Distribution Date 86.848336%
---
(14) Senior Prepayment Percentage
for such Distribution Date 100.00%
----
(15) Junior Percentage for such
Distribution Date 13.151664%
----
(16) Junior Prepayment Percentage
for such Distribution Date 0.00%
----
(17) Class A7 Certificate Percentage
for such Distribution Date 10.731491%
----
(18) Class A7 Distribution Percentage
for such Distribution Date 0.00%
----
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
- ------------------------------------
Name: Tim Neer
Title: Vice President of Investor Operations
Exhibit 99.13
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1999
Series 1999-06, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 582,673.12
---------------
(b) Interest $ 4,077,421.14
---------------
(c) Total $ 4,660,094.26
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 503,091.80
---------------
(b) Interest $ 3,523,114.23
---------------
(c) Total $ 4,026,206.03
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 79,581.32
---------------
(b) Interest $ 554,306.91
---------------
(c) Total $ 633,888.23
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 115,045.90
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,973,492.64
---------------
(b) Interest $ 14,407.24
---------------
(c) Total $ 1,987,899.88
---------------
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 $ 372,414.00
---------------
(b) Interest $ 2,326.50
---------------
(c) Total $ 374,740.50
---------------
12. Pool Scheduled Principal Balance: $ 684,345,239.70
---------------
13. Available Funds: $ 7,001,106.26
---------------
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: $ 1,399.48
---------------
18. Total interest payments: $ 3,957,480.60
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
1A1 $ 487,695.00 $ 0.00 $ 487,695.00 %6.100000000
1A2 $ 510,677.58 $ 0.00 $ 510,677.58 %6.349999959
1A3 $ 46,733.50 $ 0.00 $ 46,733.50 %6.600000000
1A4 $ 674,801.99 $ 0.00 $ 674,801.99 %6.349999982
1A5 $ 483,456.21 $ 0.00 $ 127,705.51 %9.173079304
1A6 $ 12,734.88 $ 0.00 $ 0.00 %6.750002405
1A7 $ 6,250.83 $ 0.00 $ 6,250.83 %6.999999067
1A8 $ 45,249.17 $ 0.00 $ 45,249.17 %7.000000516
1A9 $ 38,316.25 $ 0.00 $ 38,316.25 %7.000000000
1A10 $ 31,683.75 $ 0.00 $ 31,683.75 %7.000000000
1A11 $ 0.00 $ 0.00 $ 0.00 %0.000000000
1A12 $ 16,406.05 $ 0.00 $ 16,406.05 %6.750001368
2A1 $ 938,883.16 $ 0.00 $ 938,883.16 %6.750000009
2A2 $ 86,737.50 $ 0.00 $ 86,737.50 %6.750000000
2A3 $ 146,250.00 $ 0.00 $ 146,250.00 %6.500000000
2A4 $ 4,950.00 $ 0.00 $ 4,950.00 %0.220000000
2A5 $ 151,875.00 $ 0.00 $ 151,875.00 %6.750000000
2A6 $ 675.00 $ 0.00 $ 675.00 %0.030000000
S $ 116,109.29 $ 0.00 $ 116,109.29 %0.280333989
M $ 73,066.17 $ 0.00 $ 73,066.17 %6.750000407
B1 $ 29,625.97 $ 0.00 $ 29,625.97 %6.750000463
B2 $ 17,068.58 $ 0.00 $ 17,068.58 %6.749999226
B3 $ 19,745.03 $ 0.00 $ 19,745.03 %6.749998549
B4 $ 7,900.26 $ 0.00 $ 7,900.26 %6.750001570
B5 $ 10,589.43 $ 0.00 $ 10,589.43 %6.750001733
20. Principal Distribution Amount: $ 3,043,625.66
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 12,414.13 $ 0.00
Class 1A1 $ 0.00 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 1,798,499.77 $ 0.00
Class 1A5 $ 103,388.79 $ 355,750.70
Class 1A6 $ 690,885.00 $ 12,734.88
Class 1A7 $ 0.00 $ 0.00
Class 1A8 $ 0.00 $ 0.00
Class 1A9 $ 0.00 $ 0.00
Class 1A10 $ 0.00 $ 0.00
Class 1A11 $ 0.00 $ 0.00
Class 1A12 $ 15,610.79 $ 0.00
Class 2A1 $ 767,514.23 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 0.00 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 0.00 $ 0.00
Class 2A6 $ 0.00 $ 0.00
Class S $ 0.00 $ 0.00
Class M $ 11,005.81 $ 0.00
Class B1 $ 4,462.50 $ 0.00
Class B2 $ 2,572.05 $ 0.00
Class B3 $ 2,974.16 $ 0.00
Class B4 $ 1,190.00 $ 0.00
Class B5 $ 1,594.01 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class B1 X
Class B2 X
Class B3 X
Class B4 X
Class B5 X
Class M X
2. Base Servicing Fee amount: $ 138,775.29
-----------
3. Supplemental Servicing Fee amount: $ N/A
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category A Category B Category C
5. Senior Percentage: %N/A N/A N/A N/A
---- ----- --------- ---------
6. Group I Senior Percentage:
%N/A N/A N/A N/A
---- ----- --------- ---------
7. Group II Senior Percentage:
%N/A N/A N/A N/A
---- ----- --------- ---------
8. Senior Prepayment Percentage:
%N/A N/A N/A N/A
---- ----- --------- ---------
9. Group I Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ----- --------- ---------
10. Group II Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ----- --------- ---------
11. Junior Percentage: %N/A
----
12. Junior Prepayment Percentage:
%N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Services
Exhibit 99.14
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
August, 1999
Series 1999-06, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.145201
------------------------
Weighted average maturity 351.94
------------------------
A. Amount of distribution allocable to principal and interest: The amounts
below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 2.74662706 $ 1.84490251 $ 0.00000000 %0.00000000
1A1 $ 0.00000000 $ 0.00000000 $ 5.08333333 %6.10000000
1A2 $ 0.00000000 $ 0.00000000 $ 5.29166663 %6.34999996
1A3 $ 0.00000000 $ 0.00000000 $ 5.50000000 %6.60000000
1A4 $ 13.63439773 $ 11.46415931 $ 5.11566299 %6.34999998
1A5 $ 0.00000000 $ 1.39314119 $ 7.74769567 %9.17307930
1A6 $ 63.97642642 $ 54.80322925 $ 1.20140377 %6.75000241
1A7 $ 0.00000000 $ 0.00000000 $ 5.83333256 %6.99999907
1A8 $ 0.00000000 $ 0.00000000 $ 5.83333376 %7.00000052
1A9 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
1A10 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
1A11 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
1A12 $ 5.20359667 $ 4.37532000 $ 5.46868333 %6.75000137
2A1 $ 4.47799104 $ 3.32122703 $ 5.47782727 %6.75000001
2A2 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A3 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
2A4 $ 0.00000000 $ 0.00000000 $ 0.18333333 %0.22000000
2A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A6 $ 0.00000000 $ 0.00000000 $ 0.02500000 %0.03000000
S $ 0.00000000 $ 0.00000000 $ 0.22670007 %0.28033399
M $ 0.84517048 $ 0.00000000 $ 5.61097911 %6.75000041
B1 $ 0.84517045 $ 0.00000000 $ 5.61097917 %6.75000046
B2 $ 0.84551282 $ 0.00000000 $ 5.61097304 %6.74999923
B3 $ 0.84517192 $ 0.00000000 $ 5.61097755 %6.74999855
B4 $ 0.84517045 $ 0.00000000 $ 5.61098011 %6.75000157
B5 $ 0.84461314 $ 0.00000000 $ 5.61098846 %6.75000173
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
1A5 $ 355,750.70
1A6 $ 12,734.88
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 138,775.29
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 684,345,239.70
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,067
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RQ99
PO $ 4,478,412.21 $ 4,465,998.09 $ 988.10 36157RS55
1A1 $ 95,940,000.00 $ 95,940,000.00 $ 1,000.00 36157RP58
1A2 $ 96,506,000.00 $ 96,506,000.00 $ 1,000.00 36157RP66
1A3 $ 8,497,000.00 $ 8,497,000.00 $ 1,000.00 36157RP74
1A4 $ 127,521,636.26 $ 125,723,136.49 $ 953.11 36157RP82
1A5 $ 63,244,569.55 $ 63,496,931.46 $ 1,017.58 36157RP90
1A6 $ 2,263,977.86 $ 1,585,827.74 $ 149.61 36157RQ24
1A7 $ 1,071,571.00 $ 1,071,571.00 $ 1,000.00 36157RQ32
1A8 $ 7,757,000.00 $ 7,757,000.00 $ 1,000.00 36157RQ40
1A9 $ 6,568,500.00 $ 6,568,500.00 $ 1,000.00 36157RQ57
1A10 $ 5,431,500.00 $ 5,431,500.00 $ 1,000.00 36157RQ65
1A11 $ 771,429.00 $ 771,429.00 $ 1,000.00 36157RQ73
1A12 $ 2,916,630.52 $ 2,901,019.73 $ 967.01 36157RQ81
2A1 $ 166,912,561.56 $ 166,145,047.33 $ 969.36 36157RR80
2A2 $ 15,420,000.00 $ 15,420,000.00 $ 1,000.00 36157RR98
2A3 $ 27,000,000.00 $ 27,000,000.00 $ 1,000.00 36157RS22
2A4 $ 27,000,000.00 $ 27,000,000.00 $ 1,000.00 36157RS30
2A5 $ 27,000,000.00 $ 27,000,000.00 $ 1,000.00 36157RS48
2A6 $ 27,000,000.00 $ 27,000,000.00 $ 1,000.00 36157RS71
S $ 497,018,390.30 $ 494,830,618.68 $ 966.14 36157RS63
M $ 12,989,540.55 $ 12,978,534.73 $ 996.66 36157RR23
B1 $ 5,266,838.75 $ 5,262,376.25 $ 996.66 36157RR31
B2 $ 3,034,414.57 $ 3,031,842.52 $ 996.66 36157RR49
B3 $ 3,510,228.31 $ 3,507,254.15 $ 996.66 36157RW27
B4 $ 1,404,490.34 $ 1,403,300.34 $ 996.66 36157RW35
B5 $ 1,882,564.85 $ 1,880,970.84 $ 996.66 36157RW43
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 12 Principal Balance $ 3,922,656.27
-------- -------------
2. 60-89 days
Number 2 Principal Balance $ 568,906.10
-------- -------------
3. 90 days or more
Number 2 Principal Balance $ 575,561.76
-------- -------------
4. In Foreclosure
Number 1 Principal Balance $ 280,250.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
---------------
2. Bankruptcy Loss Amount: $ 0.00
---------------
3. Fraud Loss Amount: $ 0.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.28033399
------------
G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
1A8 $ 999.99 $ 0.00 $ 0.00 $ 999.99
2A3 $ 999.99 $ 0.00 $ 0.00 $ 999.99
Exhibit 99.15
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1999
Series 1999-10, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 670,698.36
---------------
(b) Interest $ 1,065,985.25
---------------
(c) Total $ 1,736,683.61
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 508,806.26
---------------
(b) Interest $ 801,328.60
---------------
(c) Total $ 1,310,134.86
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 161,892.10
---------------
(b) Interest $ 264,656.65
---------------
(c) Total $ 426,548.75
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 86,609.40
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 530,324.08
---------------
(b) Interest $ 2,920.37
---------------
(c) Total $ 533,244.45
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 185,605,186.95
---------------
13. Available Funds: $ 2,317,526.33
---------------
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: $ 1,384.15
---------------
18. Total interest payments: $ 1,029,894.48
---------------
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 $ 482,716.75 $ 0.00 $ 482,716.75 %6.249999960
A2 $ 371,715.60 $ 0.00 $ 371,715.60 %6.249999995
A3 $ 94,587.78 $ 0.00 $ 94,587.78 %6.249999725
S $ 58,665.68 $ 0.00 $ 58,665.68 %0.416869566
M $ 8,884.69 $ 0.00 $ 8,884.69 %6.250003151
B1 $ 3,452.87 $ 0.00 $ 3,452.87 %6.250009050
B2 $ 2,958.13 $ 0.00 $ 2,958.13 %6.250008143
B3 $ 3,458.02 $ 0.00 $ 3,458.02 %6.250002636
B4 $ 1,973.80 $ 0.00 $ 1,973.80 %6.249993898
B5 $ 1,481.16 $ 0.00 $ 1,481.16 %6.250020219
20. Principal Distribution Amount: $ 1,287,631.85
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,578.22 $ 0.00
Class A1 $ 646,364.14 $ 0.00
Class A2 $ 559,209.89 $ 0.00
Class A3 $ 65,176.53 $ 0.00
Class S $ 0.00 $ 0.00
Class M $ 6,122.07 $ 0.00
Class B1 $ 2,379.23 $ 0.00
Class B2 $ 2,038.32 $ 0.00
Class B3 $ 2,382.78 $ 0.00
Class B4 $ 1,360.07 $ 0.00
Class B5 $ 1,020.60 $ 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: $ 40,103.53
----------
3. Supplemental Servicing Fee amount: $ N/A
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: % 97.713345 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: % 2.286655
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Services
Exhibit 99.16
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
August, 1999
Series 1999-10, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 6.867155
-------------------------
Weighted average maturity 172.12
-------------------------
A. Amount of distribution allocable to principal and interest: The amounts
below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 3.74375239 $ 0.26904766 $ 0.00000000 %0.00000000
A1 $ 6.80383305 $ 3.30256842 $ 5.08122895 %6.24999996
A2 $ 7.61701127 $ 3.69728378 $ 5.06314707 %6.24999999
A3 $ 3.55108429 $ 1.72368990 $ 5.15352964 %6.24999972
S $ 0.00000000 $ 0.00000000 $ 0.33855480 %0.41686957
M $ 3.55108469 $ 0.00000000 $ 5.15353248 %6.25000315
B1 $ 3.55108955 $ 0.00000000 $ 5.15353731 %6.25000905
B2 $ 3.55108014 $ 0.00000000 $ 5.15353659 %6.25000814
B3 $ 3.55108793 $ 0.00000000 $ 5.15353204 %6.25000264
B4 $ 3.55109661 $ 0.00000000 $ 5.15352480 %6.24999390
B5 $ 3.55107458 $ 0.00000000 $ 5.15354657 %6.25002022
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:
$ 40,103.53
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 185,605,186.95
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 647
-----------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RN92
PO $ 416,891.10 $ 415,312.88 $ 985.18 GEC9910PO
A1 $ 92,681,616.59 $ 92,035,252.45 $ 968.79 36157RN68
A2 $ 71,369,395.26 $ 70,810,185.37 $ 964.51 36157RN76
A3 $ 18,160,854.56 $ 18,095,678.03 $ 985.93 36157RN84
S $ 168,874,923.17 $ 167,654,600.44 $ 967.52 GEC99010S
M $ 1,705,859.62 $ 1,699,737.55 $ 985.93 36157RP25
B1 $ 662,950.08 $ 660,570.86 $ 985.93 36157RP33
B2 $ 567,960.22 $ 565,921.90 $ 985.93 36157RP41
B3 $ 663,939.56 $ 661,556.78 $ 985.93 36157RW68
B4 $ 378,969.97 $ 377,609.91 $ 985.93 36157RW76
B5 $ 284,381.80 $ 283,361.20 $ 985.93 36157RW84
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 3 Principal Balance $ 580,758.26
-------- -----------
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 99.17
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1999
GEM Trust 99-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 294,863.07
---------------
(b) Interest $ 2,370,991.15
---------------
(c) Total $ 2,665,854.22
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 251,780.14
---------------
(b) Interest $ 2,034,131.93
---------------
(c) Total $ 2,285,912.07
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 43,082.93
---------------
(b) Interest $ 336,859.22
---------------
(c) Total $ 379,942.15
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 59,421.45
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,139,281.65
---------------
(b) Interest $ 13,584.85
---------------
(c) Total $ 2,152,866.50
---------------
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: $ 372,414,825.95
---------------
13. Available Funds: $ 4,799,356.01
---------------
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: $ 1,236.32
---------------
18. Total interest payments: $ 2,305,789.84
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
P $ 0.00 $ 0.00 $ 0.00 % 0.000000000
IA1 $ 636,022.60 $ 0.00 $ 636,022.60 % 6.624999955
IA2 $ 5,541.67 $ 0.00 $ 5,541.67 % 7.000004211
IA3 $ 109,312.50 $ 0.00 $ 109,312.50 % 6.625000000
IA4 $ 7,232.29 $ 0.00 $ 7,232.29 % 6.624998473
IA5 $ 157,315.78 $ 0.00 $ 157,315.78 % 6.625000136
IA6 $ 60,796.63 $ 0.00 $ 60,796.63 % 6.624999864
IA7 $ 4,598.44 $ 0.00 $ 4,598.44 % 6.750003670
IA8 $ 14,495.88 $ 0.00 $ 14,495.88 % 6.019998304
IA9 $ 4,286.17 $ 0.00 $ 4,286.17 % 7.938258381
IA10 $ 1,083.58 $ 0.00 $ 1,083.58 %10.000046144
IIA1 $ 937,432.93 $ 0.00 $ 937,432.93 % 7.000000015
IIA2 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
AR $ 0.00 $ 0.00 $ 0.00 % 0.000000000
X $ 237,229.42 $ 0.00 $ 237,229.42 % 6.625000100
M $ 48,915.73 $ 0.00 $ 48,915.73 % 6.625000500
B1 $ 28,262.42 $ 0.00 $ 28,262.42 % 6.625001142
B2 $ 23,914.35 $ 0.00 $ 23,914.35 % 6.624999066
B3 $ 11,957.18 $ 0.00 $ 11,957.18 % 6.625001836
B4 $ 6,522.10 $ 0.00 $ 6,522.10 % 6.625004707
B5 $ 10,870.17 $ 0.00 $ 10,870.17 % 6.624997755
20. Principal Distribution Amount: $ 2,493,566.17
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class P $ 208.25 $ 0.00
Class IA1 $ 766,635.22 $ 0.00
Class IA2 $ 0.00 $ 0.00
Class IA3 $ 0.00 $ 0.00
Class IA4 $ 0.00 $ 0.00
Class IA5 $ 262,903.63 $ 0.00
Class IA6 $ 0.00 $ 0.00
Class IA7 $ 0.00 $ 0.00
Class IA8 $ 0.00 $ 0.00
Class IA9 $ 0.00 $ 0.00
Class IA10 $ 0.00 $ 0.00
Class IIA1 $ 1,367,818.81 $ 0.00
Class IIA2 $ 77,423.70 $ 0.00
Class AR $ 0.00 $ 0.00
Class X $ 0.00 $ 0.00
Class M $ 6,966.21 $ 0.00
Class B1 $ 4,024.92 $ 0.00
Class B2 $ 3,405.70 $ 0.00
Class B3 $ 1,702.85 $ 0.00
Class B4 $ 928.83 $ 0.00
Class B5 $ 1,548.05 $ 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
----- ------------------- -------------------
M $ 0.00 $ 0.00
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class IA8 % 6.01999830
Class IA9 % 7.93825838
Class IA10 % 10.00004614
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-M X
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 81,797.31
----------
3. Supplemental Servicing Fee amount: $ N/A
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: %N/A N/A N/A N/A
---- ---- ---------- ---------
6. Group I Senior Percentage:
%N/A N/A N/A N/A
---- ---- ---------- ---------
7. Group II Senior Percentage:
%N/A N/A N/A N/A
---- ---- ---------- ---------
8. Senior Prepayment Percentage:
%N/A N/A N/A N/A
---- ---- ---------- ---------
9. Group I Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ---- ---------- ---------
10. Group II Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ---- ---------- ---------
11. Junior Percentage: %N/A
----
12. Junior Prepayment Percentage:
%N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Services
Exhibit 99.18
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
August, 1999
GEM Trust 99-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.635151
----------------------
Weighted average maturity 349.26
----------------------
A. Amount of distribution allocable to principal and interest: The amounts
below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
P $ 0.91920256 $ 0.06951952 $ 0.00000000 % 0.00000000
IA1 $ 6.14620326 $ 5.30649193 $ 5.09906678 % 6.62499995
IA2 $ 0.00000000 $ 0.00000000 $ 5.83333684 % 7.00000421
IA3 $ 0.00000000 $ 0.00000000 $ 5.52083333 % 6.62500000
IA4 $ 0.00000000 $ 0.00000000 $ 5.52083206 % 6.62499847
IA5 $ 8.27709760 $ 7.14625766 $ 4.95283410 % 6.62500014
IA6 $ 0.00000000 $ 0.00000000 $ 5.52083322 % 6.62499986
IA7 $ 0.00000000 $ 0.00000000 $ 5.62500306 % 6.75000367
IA8 $ 0.00000000 $ 0.00000000 $ 5.01666525 % 6.01999830
IA9 $ 0.00000000 $ 0.00000000 $ 6.61521532 % 7.93825838
IA10$ 0.00000000 $ 0.00000000 $ 8.33337179 %10.00004614
IIA1$ 8.17762173 $ 7.41145147 $ 5.60452294 % 7.00000002
IIA2$ 8.17762145 $ 7.41145127 $ 0.00000000 % 0.00000000
AR $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
X $ 0.00000000 $ 0.00000000 $ 5.12453714 % 6.62500010
M $ 0.78443125 $ 0.78443125 $ 5.50816404 % 6.62500050
B1 $ 0.78443112 $ 0.78443112 $ 5.50816458 % 6.62500114
B2 $ 0.78443070 $ 0.78443070 $ 5.50816285 % 6.62499907
B3 $ 0.78443070 $ 0.78443070 $ 5.50816515 % 6.62500184
B4 $ 0.78443312 $ 0.78443312 $ 5.50816754 % 6.62500471
B5 $ 0.78443206 $ 0.78443206 $ 5.50816178 % 6.62499776
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:
$ 81,797.31
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 372,414,825.95
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,869
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
P $ 225,753.12 $ 225,544.88 $ 995.54 23321P3M8
IA1 $ 115,204,094.37 $ 114,437,459.15 $ 917.46 23321P2Z0
IA2 $ 950,000.00 $ 950,000.00 $ 1,000.00 23321P3A4
IA3 $ 19,800,000.00 $ 19,800,000.00 $ 1,000.00 23321P3B2
IA4 $ 1,310,000.00 $ 1,310,000.00 $ 1,000.00 23321P3C0
IA5 $ 28,494,933.15 $ 28,232,029.52 $ 888.84 23321P3D8
IA6 $ 11,012,220.00 $ 11,012,220.00 $ 1,000.00 23321P3E6
IA7 $ 817,500.00 $ 817,500.00 $ 1,000.00 23321P3F3
IA8 $ 2,889,545.00 $ 2,889,545.00 $ 1,000.00 23321P3G1
IA9 $ 647,926.00 $ 647,926.00 $ 1,000.00 23321P3H9
IA10 $ 130,029.00 $ 130,029.00 $ 1,000.00 23321P3J5
IIA1 $ 160,702,787.65 $ 159,334,968.84 $ 952.60 23321P3K2
IIA2 $ 9,096,383.79 $ 9,018,960.09 $ 952.60 23321P3L0
AR $ 0.00 $ 0.00 $ 0.00 23321P3P1
X $ 42,969,856.56 $ 42,608,478.20 $ 920.41 23321P3N6
M $ 8,860,207.03 $ 8,853,240.81 $ 996.92 23321P3Q9
B1 $ 5,119,229.91 $ 5,115,204.98 $ 996.92 23321P3R7
B2 $ 4,331,656.46 $ 4,328,250.75 $ 996.92 23321P3S5
B3 $ 2,165,828.23 $ 2,164,125.38 $ 996.92 23321P3T3
B4 $ 1,181,360.67 $ 1,180,431.84 $ 996.92 23321P3U0
B5 $ 1,968,937.12 $ 1,967,389.07 $ 996.92 23321P3V8
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 16 Principal Balance $ 3,258,763.59
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 103,873.55
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 1 Principal Balance $ 73,739.19
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
IA8 % 6.01999830
IA9 % 7.93825838
IA10 % 10.00004614
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
- ----- ------- ------ --------------- -------
IA2 $ 999.99 $ 0.00 $ 0.00 $ 999.99
Exhibit 99.19
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1999
Series 1999-09, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 415,636.30
---------------
(b) Interest $ 2,901,744.12
---------------
(c) Total $ 3,317,380.42
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 304,715.98
---------------
(b) Interest $ 2,136,761.16
---------------
(c) Total $ 2,441,477.14
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 110,920.32
---------------
(b) Interest $ 764,982.96
---------------
(c) Total $ 875,903.28
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 96,800.64
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 820,548.31
---------------
(b) Interest $ 5,517.67
---------------
(c) Total $ 826,065.98
---------------
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: $ 487,534,529.77
---------------
13. Available Funds: $ 4,141,406.93
---------------
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: $ 1,047.21
--------------
18. Total interest payments: $ 2,808,421.69
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
1PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
2PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
1A1 $ 492,167.13 $ 0.00 $ 492,167.13 %6.100000050
1A2 $ 162,666.67 $ 0.00 $ 162,666.67 %6.100000125
1A4 $ 261,277.27 $ 0.00 $ 261,277.27 %6.500000018
1A5 $ 0.00 $ 0.00 $ 0.00 %0.000000000
1A6 $ 213,750.00 $ 0.00 $ 213,750.00 %6.750000000
1A7 $ 6,766.88 $ 0.00 $ 6,766.88 %6.750004988
1A8 $ 339,365.00 $ 0.00 $ 339,365.00 %6.500000000
1A3 $ 497,313.84 $ 0.00 $ 205,958.37 %8.300146348
1A9 $ 23,327.01 $ 0.00 $ 0.00 %6.749999805
RL $ 0.00 $ 0.00 $ 0.00 %0.000000000
1S $ 54,651.44 $ 0.00 $ 54,651.44 %0.268441826
2A1 $ 205,967.34 $ 0.00 $ 205,967.34 %6.750000147
2A2 $ 20,548.13 $ 0.00 $ 20,548.13 %6.750001642
2A3 $ 67,719.38 $ 0.00 $ 67,719.38 %6.750000498
2A4 $ 9,843.75 $ 0.00 $ 9,843.75 %6.750000000
2A5 $ 265,782.98 $ 0.00 $ 265,782.98 %6.750000112
2A6 $ 11,250.00 $ 0.00 $ 11,250.00 %6.750000000
2A7 $ 14,625.00 $ 0.00 $ 14,625.00 %6.750000000
2A8 $ 5,625.00 $ 0.00 $ 5,625.00 %6.750000000
2A9 $ 20,250.00 $ 0.00 $ 20,250.00 %6.750000000
2S $ 23,048.14 $ 0.00 $ 23,048.14 %0.311120537
M $ 52,019.43 $ 0.00 $ 52,019.43 %6.750000384
B1 $ 21,086.08 $ 0.00 $ 21,086.08 %6.750001413
B2 $ 12,647.16 $ 0.00 $ 12,647.16 %6.750001831
B3 $ 14,061.12 $ 0.00 $ 14,061.12 %6.749997912
B4 $ 5,627.82 $ 0.00 $ 5,627.82 %6.750004408
B5 $ 7,035.12 $ 0.00 $ 7,035.12 %6.749996222
20. Principal Distribution Amount: $ 1,332,985.24
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class 1PO $ 2,984.82 $ 0.00
Class 2PO $ 713.32 $ 0.00
Class 1A1 $ 677,871.09 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A4 $ 314,682.48 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class 1A6 $ 0.00 $ 0.00
Class 1A7 $ 0.00 $ 0.00
Class 1A8 $ 0.00 $ 0.00
Class 1A3 $ 0.00 $ 291,355.47
Class 1A9 $ 0.00 $ 23,327.01
Class RL $ 0.00 $ 0.00
Class 1S $ 0.00 $ 0.00
Class 2A1 $ 249,608.57 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 0.00 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 384,813.22 $ 0.00
Class 2A6 $ 0.00 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class 2A8 $ 0.00 $ 0.00
Class 2A9 $ 0.00 $ 0.00
Class 2S $ 0.00 $ 0.00
Class M $ 7,859.67 $ 0.00
Class B1 $ 3,185.92 $ 0.00
Class B2 $ 1,910.87 $ 0.00
Class B3 $ 2,124.51 $ 0.00
Class B4 $ 850.31 $ 0.00
Class B5 $ 1,062.94 $ 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: $ 102,560.49
-----------
3. Supplemental Servicing Fee amount: $ N/A
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category A Category B Category C
5. Senior Percentage: %N/A N/A N/A N/A
---- ---- --------- ----------
6. Group I Senior Percentage:
%N/A N/A N/A N/A
---- ---- --------- ----------
7. Group II Senior Percentage:
%N/A N/A N/A N/A
---- ---- --------- ----------
8. Senior Prepayment Percentage:
%N/A N/A N/A N/A
---- ---- --------- ----------
9. Group I Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ---- --------- ----------
10. Group II Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ---- --------- ----------
11. Junior Percentage: %N/A
----
12. Junior Prepayment Percentage:
%N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Services
Exhibit 99.20
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
August, 1999
Series 1999-09, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.138056
------------------------
Weighted average maturity 352.41
------------------------
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
1PO $ 1.02375284 $ 0.13186457 $ 0.00000000 %0.00000000
2PO $ 1.34752416 $ 0.46626467 $ 0.00000000 %0.00000000
1A1 $ 6.87754117 $ 3.82900602 $ 4.99342684 %6.10000005
1A2 $ 0.00000000 $ 0.00000000 $ 5.08333344 %6.10000013
1A4 $ 6.28849304 $ 3.50105913 $ 5.22126396 %6.50000002
1A5 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
1A6 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
1A7 $ 0.00000000 $ 0.00000000 $ 5.62500416 %6.75000499
1A8 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
1A3 $ 0.00000000 $ 0.00000000 $ 6.99427366 %8.30014635
1A9 $ 0.00000000 $ 0.00000000 $ 4.77621007 %6.74999980
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
1S $ 0.00000000 $ 0.00000000 $ 0.21830511 %0.26844183
2A1 $ 6.50022318 $ 5.52581302 $ 5.36373281 %6.75000015
2A2 $ 0.00000000 $ 0.00000000 $ 5.62500137 %6.75000164
2A3 $ 0.00000000 $ 0.00000000 $ 5.62500042 %6.75000050
2A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A5 $ 7.69626440 $ 6.54256260 $ 5.31565960 %6.75000011
2A6 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A7 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A8 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A9 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2S $ 0.00000000 $ 0.00000000 $ 0.24793735 %0.31112054
M $ 0.84776939 $ 0.84776939 $ 5.61098371 %6.75000038
B1 $ 0.84777009 $ 0.84777009 $ 5.61098457 %6.75000141
B2 $ 0.84776841 $ 0.84776841 $ 5.61098492 %6.75000183
B3 $ 0.84776935 $ 0.84776935 $ 5.61098164 %6.74999791
B4 $ 0.84776670 $ 0.84776670 $ 5.61098704 %6.75000441
B5 $ 0.84776597 $ 0.84776597 $ 5.61098027 %6.74999622
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
1A3 $ 291,355.47
1A9 $ 23,327.01
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 102,560.49
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 487,534,529.77
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,473
-------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RT96
1PO $ 2,887,891.20 $ 2,884,906.39 $ 989.48 GEC9991PO
2PO $ 517,920.69 $ 517,207.37 $ 977.05 GEC9992PO
1A1 $ 96,819,762.48 $ 96,141,891.39 $ 975.44 36157RT21
1A2 $ 32,000,000.00 $ 32,000,000.00 $ 1,000.00 36157RS89
1A4 $ 48,235,803.56 $ 47,921,121.08 $ 957.64 36157RT39
1A5 $ 0.00 $ 0.00 $ 0.00 36157RT47
1A6 $ 38,000,000.00 $ 38,000,000.00 $ 1,000.00 36157RT54
1A7 $ 1,203,000.00 $ 1,203,000.00 $ 1,000.00 36157RT62
1A8 $ 62,652,000.00 $ 62,652,000.00 $ 1,000.00 36157RT70
1A3 $ 71,899,528.39 $ 72,190,883.86 $ 1,015.30 36157RS97
1A9 $ 4,147,024.12 $ 4,170,351.13 $ 853.88 36157RT88
RL $ 0.00 $ 0.00 $ 0.00 36157RU29
1S $ 244,305,177.86 $ 243,750,047.21 $ 973.66 GEC99091S
2A1 $ 36,616,415.20 $ 36,366,806.63 $ 947.05 36157RU37
2A2 $ 3,653,000.00 $ 3,653,000.00 $ 1,000.00 36157RU45
2A3 $ 12,039,000.00 $ 12,039,000.00 $ 1,000.00 36157RU52
2A4 $ 1,750,000.00 $ 1,750,000.00 $ 1,000.00 36157RU60
2A5 $ 47,250,306.77 $ 46,865,493.55 $ 937.31 36157RU78
2A6 $ 2,000,000.00 $ 2,000,000.00 $ 1,000.00 36157RU86
2A7 $ 2,600,000.00 $ 2,600,000.00 $ 1,000.00 36157RU94
2A8 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RV28
2A9 $ 3,600,000.00 $ 3,600,000.00 $ 1,000.00 36157RV36
2S $ 88,897,275.30 $ 88,290,104.09 $ 949.77 GEC99092S
M $ 9,247,898.14 $ 9,240,038.46 $ 996.66 36157RV44
B1 $ 3,748,635.66 $ 3,745,449.74 $ 996.66 36157RV51
B2 $ 2,248,383.39 $ 2,246,472.52 $ 996.66 36157RV69
B3 $ 2,499,755.44 $ 2,497,630.93 $ 996.66 36157RV77
B4 $ 1,000,500.68 $ 999,650.37 $ 996.66 36157RV85
B5 $ 1,250,688.70 $ 1,249,625.75 $ 996.66 36157RV93
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 13 Principal Balance $ 3,742,642.61
-------- -------------
2. 60-89 days
Number 2 Principal Balance $ 455,491.32
-------- -------------
3. 90 days or more
Number 2 Principal Balance $ 527,384.42
-------- ------------
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: % 0.26844183
-----------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class 1A3_1 $ 0.00
Class 1A3_2 $ 0.00
Class 1A3_3 $ 148,244,891.39
Class 1A3_4 $ 110,573,121.08
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class 1A3_1 $ 20,103,000.00
Class 1A3_2 $ 52,087,883.86
Class 1A3_3 $ 0.00
Class 1A3_4 $ 0.00
Exhibit 99.21
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1999
Series 1999-11, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 792,959.03
---------------
(b) Interest $ 5,576,966.79
---------------
(c) Total $ 6,369,925.82
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 621,444.76
---------------
(b) Interest $ 4,366,844.01
---------------
(c) Total $ 4,988,288.77
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 171,514.27
---------------
(b) Interest $ 1,210,122.78
---------------
(c) Total $ 1,381,637.05
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 157,233.36
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,809,800.94
---------------
(b) Interest $ 16,387.39
---------------
(c) Total $ 2,826,188.33
---------------
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: $ 931,682,637.50
---------------
13. Available Funds: $ 9,159,098.30
---------------
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: $ 1,293.09
---------------
18. Total interest payments: $ 5,399,105.00
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 153,408.89 $ 0.00 $ 153,408.89 %5.950000013
A2 $ 228,536.00 $ 0.00 $ 228,536.00 %6.000000000
A3 $ 892,574.07 $ 0.00 $ 892,574.07 %6.249999980
A4 $ 188,303.45 $ 0.00 $ 188,303.45 %5.463749883
A5 $ 104,641.75 $ 0.00 $ 104,641.75 %3.036249996
A6 $ 1,265,469.75 $ 0.00 $ 1,265,469.75 %6.500000012
A7 $ 807,304.70 $ 0.00 $ 807,304.70 %6.500000035
A8 $ 288,597.53 $ 0.00 $ 288,597.53 %6.500000029
A9 $ 5,475.51 $ 0.00 $ 0.00 %6.500004595
A10 $ 102,533.15 $ 0.00 $ 102,533.15 %6.500000317
A11 $ 36,259.17 $ 0.00 $ 36,259.17 %6.500000598
A12 $ 8,706.67 $ 0.00 $ 8,706.67 %8.000003063
A13 $ 97,830.41 $ 0.00 $ 97,830.41 %5.663749756
A14 $ 48,990.77 $ 0.00 $ 48,990.77 %9.217811872
A15 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A16 $ 8,205.08 $ 0.00 $ 0.00 %6.499997726
A17 $ 27,377.53 $ 0.00 $ 0.00 %6.499999821
A18 $ 31,669.04 $ 0.00 $ 31,669.04 %6.749999467
A19 $ 32,841.97 $ 0.00 $ 32,841.97 %7.000000000
A20 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A21 $ 11,860.87 $ 0.00 $ 0.00 %6.499999338
A22 $ 515,883.47 $ 0.00 $ 515,883.47 %6.500000016
S $ 336,620.40 $ 0.00 $ 336,620.40 %0.454839554
RL $ 0.00 $ 0.00 $ 0.00 %0.000000000
M $ 95,282.60 $ 0.00 $ 95,282.60 %6.500000161
B1 $ 38,626.76 $ 0.00 $ 38,626.76 %6.499999201
B2 $ 23,177.14 $ 0.00 $ 23,177.14 %6.499999887
B3 $ 25,751.18 $ 0.00 $ 25,751.18 %6.500000875
B4 $ 10,301.55 $ 0.00 $ 10,301.55 %6.499998651
B5 $ 12,875.59 $ 0.00 $ 12,875.59 %6.499998605
20. Principal Distribution Amount: $ 3,759,993.30
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,271.88 $ 0.00
Class A1 $ 0.00 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 1,621,360.99 $ 0.00
Class A7 $ 1,209,446.66 $ 0.00
Class A8 $ 432,356.36 $ 0.00
Class A9 $ 0.00 $ 5,475.51
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class A13 $ 168,202.49 $ 0.00
Class A14 $ 51,754.61 $ 0.00
Class A15 $ 0.00 $ 0.00
Class A16 $ 222,212.56 $ 8,205.08
Class A17 $ 0.00 $ 27,377.53
Class A18 $ 0.00 $ 0.00
Class A19 $ 0.00 $ 0.00
Class A20 $ 0.00 $ 0.00
Class A21 $ 74,070.85 $ 11,860.87
Class A22 $ 0.00 $ 0.00
Class S $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 14,909.22 $ 0.00
Class B1 $ 6,044.07 $ 0.00
Class B2 $ 3,626.61 $ 0.00
Class B3 $ 4,029.38 $ 0.00
Class B4 $ 1,611.92 $ 0.00
Class B5 $ 2,014.69 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
--------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A4 % 5.46374988
Class A5 % 3.03625000
Class A13 % 5.66374976
Class A14 % 9.21781187
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: $ 205,008.02
-----------
3. Supplemental Servicing Fee amount: $ N/A
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category A Category B Category C
5. Senior Percentage: % 95.929246 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: % 4.070754
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.22
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
August, 1999
Series 1999-11, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.17904
------------------------
Weighted average maturity 352.46
------------------------
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 $ 1.10000929 $ 0.17577593 $ 0.00000000 %0.00000000
A1 $ 0.00000000 $ 0.00000000 $ 4.95833334 %5.95000001
A2 $ 0.00000000 $ 0.00000000 $ 5.00000000 %6.00000000
A3 $ 0.00000000 $ 0.00000000 $ 5.20833332 %6.24999998
A4 $ 0.00000000 $ 0.00000000 $ 4.55312490 %5.46374988
A5 $ 0.00000000 $ 0.00000000 $ 2.53020833 %3.03625000
A6 $ 6.86290366 $ 5.46388161 $ 5.35648571 %6.50000001
A7 $ 8.00964227 $ 6.37685432 $ 5.34642996 %6.50000003
A8 $ 8.00964233 $ 6.37685440 $ 5.34642995 %6.50000003
A9 $ 0.00000000 $ 0.00000000 $ 5.47551000 %6.50000460
A10 $ 0.00000000 $ 0.00000000 $ 5.41666693 %6.50000032
A11 $ 0.00000000 $ 0.00000000 $ 5.41666716 %6.50000060
A12 $ 0.00000000 $ 0.00000000 $ 6.66666922 %8.00000306
A13 $ 8.00964238 $ 6.37685429 $ 4.65859095 %5.66374976
A14 $ 8.00964260 $ 6.37685486 $ 7.58190542 %9.21781187
A15 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A16 $ 42.80149600 $ 35.38278400 $ 1.64101600 %6.49999773
A17 $ 0.00000000 $ 0.00000000 $ 5.47550600 %6.49999982
A18 $ 0.00000000 $ 0.00000000 $ 5.62499956 %6.74999947
A19 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A20 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A21 $ 12.44199600 $ 11.79426200 $ 2.37217400 %6.49999934
A22 $ 0.00000000 $ 0.00000000 $ 5.41666668 %6.50000002
S $ 0.00000000 $ 0.00000000 $ 0.37236382 %0.45483955
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
M $ 0.84615323 $ 0.00000000 $ 5.40763905 %6.50000016
B1 $ 0.84615288 $ 0.00000000 $ 5.40763825 %6.49999920
B2 $ 0.84615259 $ 0.00000000 $ 5.40763882 %6.49999989
B3 $ 0.84615288 $ 0.00000000 $ 5.40763965 %6.50000088
B4 $ 0.84615223 $ 0.00000000 $ 5.40763780 %6.49999865
B5 $ 0.84615258 $ 0.00000000 $ 5.40763776 %6.49999861
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
A9 $ 5,475.51
A16 $ 8,205.08
A17 $ 27,377.53
A21 $ 11,860.87
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 205,008.02
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 931,682,637.50
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,858
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157R2E4
PO $ 1,131,473.90 $ 1,130,202.02 $ 977.48 GEC9911PO
A1 $ 30,939,608.00 $ 30,939,608.00 $ 1,000.00 36157RX83
A2 $ 45,707,200.00 $ 45,707,200.00 $ 1,000.00 36157RX91
A3 $ 171,374,222.00 $ 171,374,222.00 $ 1,000.00 36157RY25
A4 $ 41,356,970.00 $ 41,356,970.00 $ 1,000.00 36157RY33
A5 $ 41,356,970.00 $ 41,356,970.00 $ 1,000.00 36157RY41
A6 $ 233,625,184.19 $ 232,003,823.20 $ 982.03 36157RY58
A7 $ 149,040,866.89 $ 147,831,420.23 $ 979.02 36157RY66
A8 $ 53,279,543.76 $ 52,847,187.40 $ 979.02 36157RY74
A9 $ 1,010,862.67 $ 1,016,338.18 $ 1,016.34 36157RY82
A10 $ 18,929,196.00 $ 18,929,196.00 $ 1,000.00 36157RY90
A11 $ 6,694,000.00 $ 6,694,000.00 $ 1,000.00 36157RZ24
A12 $ 1,306,000.00 $ 1,306,000.00 $ 1,000.00 36157RZ32
A13 $ 20,727,697.56 $ 20,559,495.07 $ 979.02 36157RZ40
A14 $ 6,377,752.64 $ 6,325,998.03 $ 979.02 36157RZ57
A15 $ 0.00 $ 0.00 $ 0.00 36157RZ65
A16 $ 1,514,784.53 $ 1,300,777.04 $ 260.16 36157RZ73
A17 $ 5,054,313.37 $ 5,081,690.90 $ 1,016.34 36157RZ81
A18 $ 5,630,052.00 $ 5,630,052.00 $ 1,000.00 36157RZ99
A19 $ 5,630,052.00 $ 5,630,052.00 $ 1,000.00 36157R2A2
A20 $ 649,621.00 $ 649,621.00 $ 1,000.00 36157R2B0
A21 $ 2,189,699.30 $ 2,127,489.31 $ 425.50 36157R2C8
A22 $ 95,240,025.00 $ 95,240,025.00 $ 1,000.00 36157R2D6
S $ 888,103,237.01 $ 884,393,994.15 $ 978.30 GEC99011S
RL $ 0.00 $ 0.00 $ 0.00 36157R2F1
M $ 17,590,633.41 $ 17,575,724.19 $ 997.49 36157R2G9
B1 $ 7,131,095.03 $ 7,125,050.96 $ 997.49 36157R2H7
B2 $ 4,278,856.69 $ 4,275,230.07 $ 997.49 36157R2J3
B3 $ 4,754,063.36 $ 4,750,033.97 $ 997.49 36157R2N4
B4 $ 1,901,825.01 $ 1,900,213.09 $ 997.49 36157R2P9
B5 $ 2,377,032.51 $ 2,375,017.81 $ 997.49 36157R2Q7
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 20 Principal Balance $ 6,877,481.03
-------- -------------
2. 60-89 days
Number 2 Principal Balance $ 955,988.27
-------- -------------
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
------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A4 % 5.46374988
A5 % 3.03625000
A13 % 5.66374976
A14 % 9.21781187
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
---------------
2. Bankruptcy Loss Amount: $ 0.00
---------------
3. Fraud Loss Amount: $ 0.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
- ----- ------- ------ --------------- -------
A12-INT $ 26,120.00 $ 0.00 $ 0.00 $ 21,222.50
A11 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A12 $ 999.99 $ 0.00 $ 0.00 $ 999.99
Exhibit 99.23
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1999
Series 1999-12, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 682,927.99
---------------
(b) Interest $ 1,060,261.89
---------------
(c) Total $ 1,743,189.88
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 503,653.62
---------------
(b) Interest $ 768,050.64
---------------
(c) Total $ 1,271,704.26
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 179,274.37
---------------
(b) Interest $ 292,211.25
---------------
(c) Total $ 471,485.62
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 407,616.08
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,459,664.97
---------------
(b) Interest $ 8,538.46
---------------
(c) Total $ 1,468,203.43
---------------
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: $ 184,615,924.61
---------------
13. Available Funds: $ 3,582,069.85
---------------
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: $ 2,331.79
---------------
18. Total interest payments: $ 1,031,860.82
---------------
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 $ 64,288.30 $ 0.00 $ 64,288.30 %6.250000203
A2 $ 228,161.89 $ 0.00 $ 228,161.89 %6.250000087
A3 $ 657,478.31 $ 0.00 $ 657,478.31 %6.250000025
S $ 59,516.57 $ 0.00 $ 59,516.57 %0.420184601
M $ 8,961.43 $ 0.00 $ 8,961.43 %6.249998256
B1 $ 3,490.46 $ 0.00 $ 3,490.46 %6.250000280
B2 $ 2,988.87 $ 0.00 $ 2,988.87 %6.250004465
B3 $ 3,485.29 $ 0.00 $ 3,485.29 %6.250002148
B4 $ 1,990.85 $ 0.00 $ 1,990.85 %6.249984630
B5 $ 1,498.85 $ 0.00 $ 1,498.85 %6.250012596
20. Principal Distribution Amount: $ 2,550,209.03
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 5,555.85 $ 0.00
Class A1 $ 45,039.57 $ 0.00
Class A2 $ 733,536.51 $ 0.00
Class A3 $ 1,750,372.91 $ 0.00
Class S $ 0.00 $ 0.00
Class M $ 6,278.27 $ 0.00
Class B1 $ 2,445.37 $ 0.00
Class B2 $ 2,093.96 $ 0.00
Class B3 $ 2,441.75 $ 0.00
Class B4 $ 1,394.77 $ 0.00
Class B5 $ 1,050.07 $ 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: $ 40,490.69
----------
3. Supplemental Servicing Fee amount: $ N/A
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: % 97.694669 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: % 2.305331
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Services
Exhibit 99.24
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
August, 1999
Series 1999-12, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 6.869035
---------------------
Weighted average maturity 171.25
---------------------
A. Amount of distribution allocable to principal and interest: The amounts
below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 11.10224577 $ 7.67326575 $ 0.00000000 %0.00000000
A1 $ 3.62277350 $ 2.66941916 $ 5.17105180 %6.25000020
A2 $ 16.15989240 $11.90732138 $ 5.02643228 %6.25000009
A3 $ 13.46440700 $ 9.92116892 $ 5.05752546 %6.25000003
S $ 0.00000000 $ 0.00000000 $ 0.34068516 %0.42018460
M $ 3.62277553 $ 0.00000000 $ 5.17105020 %6.24999826
B1 $ 3.62277037 $ 0.00000000 $ 5.17105185 %6.25000028
B2 $ 3.62276817 $ 0.00000000 $ 5.17105536 %6.25000447
B3 $ 3.62277448 $ 0.00000000 $ 5.17105341 %6.25000215
B4 $ 3.62277922 $ 0.00000000 $ 5.17103896 %6.24998463
B5 $ 3.62276215 $ 0.00000000 $ 5.17106198 %6.25001260
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:
$ 40,490.69
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 184,615,924.61
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 636
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RX42
PO $ 476,038.96 $ 470,483.10 $ 940.17 GEC9912PO
A1 $ 12,343,353.20 $ 12,298,313.63 $ 989.22 36157RW92
A2 $ 43,807,082.27 $ 43,073,545.75 $ 948.92 36157RX26
A3 $ 126,235,835.01 $ 124,485,462.10 $ 957.58 36157RX34
S $ 169,972,635.50 $ 167,783,240.64 $ 960.43 GEC99012S
M $ 1,720,595.04 $ 1,714,316.77 $ 989.22 36157RX59
B1 $ 670,168.29 $ 667,722.92 $ 989.22 36157RX67
B2 $ 573,862.63 $ 571,768.66 $ 989.22 36157RX75
B3 $ 669,175.45 $ 666,733.70 $ 989.22 36157R2K0
B4 $ 382,244.14 $ 380,849.37 $ 989.22 36157R2L8
B5 $ 287,778.62 $ 286,728.55 $ 989.22 36157R2M6
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 7 Principal Balance $ 2,375,605.67
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 551,229.71
-------- -------------
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 99.25
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1999
Series 1999-13, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 407,855.14
---------------
(b) Interest $ 2,926,461.06
---------------
(c) Total $ 3,334,316.20
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 276,915.15
---------------
(b) Interest $ 2,000,537.68
---------------
(c) Total $ 2,277,452.83
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 130,939.99
---------------
(b) Interest $ 925,923.38
---------------
(c) Total $ 1,056,863.37
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 81,662.01
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,087,971.42
---------------
(b) Interest $ 20,652.14
---------------
(c) Total $ 3,108,623.56
---------------
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 $ 584,863.85
---------------
(b) Interest $ 2,108.08
---------------
(c) Total $ 586,971.93
---------------
12. Pool Scheduled Principal Balance: $ 490,263,645.85
---------------
13. Available Funds: $ 7,005,510.71
---------------
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: $ 1,643.01
---------------
18. Total interest payments: $ 2,843,158.29
---------------
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 $ 217,589.90 $ 0.00 $ 217,589.90 %6.499999875
A2 $ 74,955.82 $ 0.00 $ 74,955.82 %6.213749655
A3 $ 258,220.88 $ 0.00 $ 258,220.88 %6.499999882
A4 $ 21,547.35 $ 0.00 $ 21,547.35 %6.379463398
A5 $ 14,886.03 $ 0.00 $ 14,886.03 %7.000002351
A6 $ 27,489.09 $ 0.00 $ 27,489.09 %6.999999151
A7 $ 11,666.67 $ 0.00 $ 11,666.67 %7.000002000
A8 $ 179,323.97 $ 0.00 $ 179,323.97 %7.499999982
A9 $ 684,109.76 $ 0.00 $ 684,109.76 %6.000000035
A10 $ 161,391.57 $ 0.00 $ 161,391.57 %6.749999858
A11 $ 577,134.62 $ 0.00 $ 577,134.62 %7.000000029
A12 $ 112,162.92 $ 0.00 $ 112,162.92 %6.500000193
A13 $ 20,113.33 $ 0.00 $ 20,113.33 %6.999998840
A14 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A15 $ 24,523.33 $ 0.00 $ 24,523.33 %6.999999049
A16 $ 6,653.74 $ 0.00 $ 6,653.74 %6.999994740
A17 $ 169,225.00 $ 0.00 $ 169,225.00 %6.000000000
S $ 167,441.61 $ 0.00 $ 167,441.61 %0.425221933
M $ 56,736.49 $ 0.00 $ 56,736.49 %6.500000014
B1 $ 20,225.53 $ 0.00 $ 20,225.53 %6.499999025
B2 $ 12,134.24 $ 0.00 $ 12,134.24 %6.500001406
B3 $ 13,481.88 $ 0.00 $ 13,481.88 %6.499997784
B4 $ 5,390.59 $ 0.00 $ 5,390.59 %6.500001281
B5 $ 6,753.97 $ 0.00 $ 6,753.97 %6.500004114
20. Principal Distribution Amount: $ 4,162,352.42
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 527.93 $ 0.00
Class A1 $ 726,779.89 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 39,319.68 $ 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 $ 296,427.90 $ 0.00
Class A9 $ 1,763,234.94 $ 0.00
Class A10 $ 296,427.90 $ 0.00
Class A11 $ 1,022,165.18 $ 0.00
Class A12 $ 0.00 $ 0.00
Class A13 $ 0.00 $ 0.00
Class A14 $ 0.00 $ 0.00
Class A15 $ 0.00 $ 0.00
Class A16 $ 0.00 $ 0.00
Class A17 $ 0.00 $ 0.00
Class S $ 0.00 $ 0.00
Class M $ 8,639.35 $ 0.00
Class B1 $ 3,079.77 $ 0.00
Class B2 $ 1,847.70 $ 0.00
Class B3 $ 2,052.91 $ 0.00
Class B4 $ 820.83 $ 0.00
Class B5 $ 1,028.44 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A2 % 6.21374965
Class A4 % 6.37946340
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: $ 104,947.77
-----------
3. Supplemental Servicing Fee amount: $ N/A
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category A Category B Category C
5. Senior Percentage: % 95.712450 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: % 4.287550
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Services
Exhibit 99.26
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
August, 1999
Series 1999-13, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.159714
-----------------------
Weighted average maturity 355.00
-----------------------
A. Amount of distribution allocable to principal and interest: The amounts
below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
PO $ 1.17779358 $ 0.24132353 $ 0.00000000 % 0.00000000
A1 $ 17.75839051 $ 16.08740067 $ 5.31666667 % 6.49999987
A2 $ 0.00000000 $ 0.00000000 $ 5.17812471 % 6.21374965
A3 $ 0.82412955 $ 0.74658235 $ 5.41223780 % 6.49999988
A4 $ 0.00000000 $ 0.00000000 $ 5.31621950 % 6.37946340
A5 $ 0.00000000 $ 0.00000000 $ 5.83333529 % 7.00000235
A6 $ 0.00000000 $ 0.00000000 $ 5.83333263 % 6.99999915
A7 $ 0.00000000 $ 0.00000000 $ 5.83333500 % 7.00000200
A8 $ 10.22165172 $ 9.25983759 $ 6.18358517 % 7.49999998
A9 $ 12.71670650 $ 11.52011799 $ 4.93389896 % 6.00000004
A10 $ 10.22165172 $ 9.25983759 $ 5.56522655 % 6.74999986
A11 $ 10.22165180 $ 9.25983750 $ 5.77134620 % 7.00000003
A12 $ 0.00000000 $ 0.00000000 $ 5.41666683 % 6.50000019
A13 $ 0.00000000 $ 0.00000000 $ 5.83333237 % 6.99999884
A14 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A15 $ 0.00000000 $ 0.00000000 $ 5.83333254 % 6.99999905
A16 $ 0.00000000 $ 0.00000000 $ 5.83332895 % 6.99999474
A17 $ 0.00000000 $ 0.00000000 $ 5.00000000 % 6.00000000
S $ 0.00000000 $ 0.00000000 $ 0.35116263 % 0.42522193
M $ 0.82412954 $ 0.00000000 $ 5.41223791 % 6.50000001
B1 $ 0.82412898 $ 0.00000000 $ 5.41223709 % 6.49999903
B2 $ 0.82413024 $ 0.00000000 $ 5.41223907 % 6.50000141
B3 $ 0.82413087 $ 0.00000000 $ 5.41223605 % 6.49999778
B4 $ 0.82412651 $ 0.00000000 $ 5.41223896 % 6.50000128
B5 $ 0.82413240 $ 0.00000000 $ 5.41224133 % 6.50000411
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:
$ 104,947.77
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 490,263,645.85
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,461
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157R3J2
PO $ 447,530.64 $ 447,002.71 $ 997.25 GEC9913PO
A1 $ 40,170,443.85 $ 39,443,663.96 $ 963.78 36157R2R5
A2 $ 14,475,476.00 $ 14,475,476.00 $ 1,000.00 36157R2S3
A3 $ 47,671,547.94 $ 47,632,228.26 $ 998.36 36157R2T1
A4 $ 4,053,134.00 $ 4,053,134.00 $ 1,000.00 36157R2U8
A5 $ 2,551,890.00 $ 2,551,890.00 $ 1,000.00 36157R2V6
A6 $ 4,712,416.00 $ 4,712,416.00 $ 1,000.00 36157R2W4
A7 $ 2,000,000.00 $ 2,000,000.00 $ 1,000.00 36157R2X2
A8 $ 28,691,835.27 $ 28,395,407.37 $ 979.15 36157R2Y0
A9 $ 136,821,951.20 $ 135,058,716.26 $ 974.06 36157R2Z7
A10 $ 28,691,835.27 $ 28,395,407.37 $ 979.15 36157R3A1
A11 $ 98,937,363.02 $ 97,915,197.83 $ 979.15 36157R3B9
A12 $ 20,707,000.00 $ 20,707,000.00 $ 1,000.00 36157R3C7
A13 $ 3,448,000.00 $ 3,448,000.00 $ 1,000.00 36157R3D5
A14 $ 676,358.00 $ 676,358.00 $ 1,000.00 36157R3E3
A15 $ 4,204,000.00 $ 4,204,000.00 $ 1,000.00 36157R3F0
A16 $ 1,140,642.00 $ 1,140,642.00 $ 1,000.00 36157R3G8
A17 $ 33,845,000.00 $ 33,845,000.00 $ 1,000.00 36157R3H6
S $ 472,529,558.05 $ 468,392,577.13 $ 982.32 GEC99013S
M $ 10,474,428.90 $ 10,465,789.55 $ 998.36 36157R3K9
B1 $ 3,733,944.56 $ 3,730,864.79 $ 998.36 36157R3L7
B2 $ 2,240,166.90 $ 2,238,319.20 $ 998.36 36157R3M5
B3 $ 2,488,963.31 $ 2,486,910.40 $ 998.36 36157R3N3
B4 $ 995,185.65 $ 994,364.82 $ 998.36 36157R3P8
B5 $ 1,246,885.98 $ 1,245,857.54 $ 998.36 36157R3Q6
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 13 Principal Balance $ 3,982,111.77
-------- -------------
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
A2 % 6.21374965
A4 % 6.37946340
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
- ----- ------- ------ --------------- -------
A7 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A13 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A15 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A17 $ 999.99 $ 0.00 $ 0.00 $ 999.99
Exhibit 99.27
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1999
Series 1999-14, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 242,819.47
---------------
(b) Interest $ 1,798,759.75
---------------
(c) Total $ 2,041,579.22
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 228,888.18
---------------
(b) Interest $ 1,695,291.03
---------------
(c) Total $ 1,924,179.21
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 13,931.29
---------------
(b) Interest $ 103,468.72
---------------
(c) Total $ 117,400.01
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 449,943.77
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,302,789.57
---------------
(b) Interest $ 9,466.30
---------------
(c) Total $ 1,312,255.87
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 298,978,670.92
---------------
13. Available Funds: $ 3,742,164.87
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
---------------
17. Compensating Interest Payment: $ 2,120.49
---------------
18. Total interest payments: $ 1,746,612.05
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 54,104.02 $ 0.00 $ 54,104.02 % 6.499999500
A2 $ 129,337.76 $ 0.00 $ 129,337.76 % 6.499999855
A3 $ 163,074.17 $ 0.00 $ 163,074.17 % 6.500000133
A4 $ 387,348.07 $ 0.00 $ 387,348.07 % 6.500000019
A5 $ 406,131.62 $ 0.00 $ 406,131.62 % 6.500000056
A6 $ 105,262.08 $ 0.00 $ 105,262.08 % 6.499999794
A7 $ 16,309.58 $ 0.00 $ 16,309.58 % 6.499998672
A8 $ 135,649.58 $ 0.00 $ 135,649.58 % 6.499999840
A9 $ 162,500.00 $ 0.00 $ 162,500.00 % 6.500000000
S $ 117,438.41 $ 0.00 $ 117,438.41 % 0.482331330
M $ 34,341.26 $ 0.00 $ 34,341.26 % 6.499999757
B1 $ 12,248.11 $ 0.00 $ 12,248.11 % 6.499998645
B2 $ 7,344.54 $ 0.00 $ 7,344.54 % 6.500002047
B3 $ 8,161.80 $ 0.00 $ 8,161.80 % 6.499999854
B4 $ 3,263.64 $ 0.00 $ 3,263.64 % 6.500004788
B5 $ 4,097.41 $ 0.00 $ 4,097.41 % 6.500005698
20. Principal Distribution Amount: $ 1,995,552.82
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 233.16 $ 0.00
Class A1 $ 96,154.34 $ 0.00
Class A2 $ 706,751.17 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 591,791.02 $ 0.00
Class A5 $ 590,279.75 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class S $ 0.00 $ 0.00
Class M $ 5,114.04 $ 0.00
Class B1 $ 1,823.97 $ 0.00
Class B2 $ 1,093.74 $ 0.00
Class B3 $ 1,215.44 $ 0.00
Class B4 $ 486.01 $ 0.00
Class B5 $ 610.18 $ 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: $ 64,047.59
----------
3. Supplemental Servicing Fee amount: $ N/A
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: % 95.736688 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: % 4.263312
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Services
Exhibit 99.28
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
August, 1999
Series 1999-14, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.214909
-------------------------
Weighted average maturity 355.94
-------------------------
A. Amount of distribution allocable to principal and interest: The amounts
below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 1.14331870 $ 0.13362255 $ 0.00000000 %0.00000000
A1 $ 9.58189736 $ 8.46068062 $ 5.39153164 %6.49999950
A2 $ 29.18047770 $ 25.76595087 $ 5.34012221 %6.49999986
A3 $ 0.00000000 $ 0.00000000 $ 5.41666678 %6.50000013
A4 $ 8.24255916 $ 7.27806371 $ 5.39504534 %6.50000002
A5 $ 7.84279005 $ 6.92507308 $ 5.39609402 %6.50000006
A6 $ 0.00000000 $ 0.00000000 $ 5.41666650 %6.49999979
A7 $ 0.00000000 $ 0.00000000 $ 5.41666556 %6.49999867
A8 $ 0.00000000 $ 0.00000000 $ 5.41666653 %6.49999984
A9 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
S $ 0.00000000 $ 0.00000000 $ 0.40062339 %0.48233133
M $ 0.80599527 $ 0.00000000 $ 5.41233412 %6.49999976
B1 $ 0.80599646 $ 0.00000000 $ 5.41233319 %6.49999864
B2 $ 0.80599853 $ 0.00000000 $ 5.41233604 %6.50000205
B3 $ 0.80599469 $ 0.00000000 $ 5.41233422 %6.49999985
B4 $ 0.80598673 $ 0.00000000 $ 5.41233831 %6.50000479
B5 $ 0.80599722 $ 0.00000000 $ 5.41233908 %6.50000570
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:
$ 64,047.59
-----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 298,978,670.92
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 907
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36158GFJ2
PO $ 203,704.70 $ 203,471.54 $ 997.74 GEC9914PO
A1 $ 9,988,435.23 $ 9,892,280.89 $ 985.78 36158GFA1
A2 $ 23,877,740.84 $ 23,170,989.67 $ 956.69 36158GFB9
A3 $ 30,106,000.00 $ 30,106,000.00 $ 1,000.00 36158GFC7
A4 $ 71,510,412.71 $ 70,918,621.69 $ 987.77 36158GFD5
A5 $ 74,978,144.58 $ 74,387,864.83 $ 988.36 36158GFE3
A6 $ 19,433,000.00 $ 19,433,000.00 $ 1,000.00 36158GFF0
A7 $ 3,011,000.00 $ 3,011,000.00 $ 1,000.00 36158GFG8
A8 $ 25,043,000.00 $ 25,043,000.00 $ 1,000.00 36158GFH6
A9 $ 30,000,000.00 $ 30,000,000.00 $ 1,000.00 36158GFN3
S $ 292,176,939.94 $ 290,190,838.12 $ 989.94 GEC99014S
M $ 6,339,925.16 $ 6,334,811.12 $ 998.39 36158GFK9
B1 $ 2,261,190.01 $ 2,259,366.05 $ 998.39 36158GFL7
B2 $ 1,355,914.65 $ 1,354,820.91 $ 998.39 36158GFM5
B3 $ 1,506,793.88 $ 1,505,578.44 $ 998.39 36158GFP8
B4 $ 602,517.71 $ 602,031.70 $ 998.39 36158GFQ6
B5 $ 756,444.26 $ 755,834.08 $ 998.39 36158GFR4
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 13 Principal Balance $ 4,037,410.19
-------- -------------
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
----------
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
AUGUST 1999
REMIC Home Equity Loan Pass-Through Certificates,
Series 1999-HE2
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1999
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
(1) Aggregate Monthly Payments Due: $2,392,283.75
-----------
(2) Aggregate Monthly Payments received and Monthly Advances made
this Month:
(a) Principal $260,480.38
-----------
(b) Interest $2,038,134.09
-----------
(c) Total $2,298,614.47
-----------
(3) Aggregate Principal Prepayments in part received on Self-
Amortizing Mortgage Loans and applied in the applicable
Prepayment Period:
(a) Principal $53,186.56
--------
(c) Total $53,186.56
--------
(4) Aggregate Principal Prepayments in full received in the
applicable Prepayment period:
(a) Principal $2,028,865.47
-----------
(b) Interest $21,653.80
-----------
(c) Total $2,050,519.27
-----------
(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 $27,555.07
-------------
(b) Interest $238.00
-------------
(c) Total $27,793.07
-------------
(9) Pool Principal Balance $268,406,834.12
-------------
(10) Available Funds: $4,419,016.68
-------------
(11) Realized Losses for prior month: $0.00
-------------
(12) Aggregate Realized Losses: $0.00
-------------
(a) Deficient Valuations $0.00
-------------
(b) Special Hazard Losses $0.00
-------------
(c) Fraud Losses $0.00
-------------
(d) Excess Bankruptcy Losses $0.00
-------------
(e) Excess Special Hazard Losses $0.00
-------------
(f ) Excess Fraud Losses $0.00
-------------
(13) Compensating Interest
Payment: $2,222.34
-------------
(14) Net Simple Interest
Shortfall: $0.00
-------------
(15) Net Simple Interest
Excess: $0.00
---
(16) Simple Interest Shortfall
Payment: $0.00
---
(17) Unpaid Net Simple Interest
Shortfall:
Class A1 $0.00
---
Class A2 $0.00
---
Class A3 $0.00
---
Class A4 $0.00
---
Class A5 $0.00
---
Class A6 $0.00
---
Class S $0.00
---
Class M $0.00
---
Class B1 $0.00
---
Class B2 $0.00
---
Class B3 $0.00
---
Class B4 $0.00
---
Class B5 $0.00
---
(18) Class Certificate Interest Rate:
Class A5 7.510%
--
Class M 7.560%
--
Class B1 7.905%
--
Class B2 9.165%
--
Class B3 9.160%
--
Class B4 9.160%
--
Class B5 9.160%
--
Class S 2.10%
--
(19) Accrued Certificate Interest
and Pay-out Rate:
Class A1 $390,417.71 6.380%
-------------------------
Class A2 $171,920.83 6.655%
-------------------------
Class A3 $301,216.67 6.820%
-------------------------
Class A4 $193,866.67 7.270%
-------------------------
Class A5 $86,659.14 7.510%
-------------------------
Class A6 $139,820.83 7.295%
-------------------------
Class S $470,466.13 2.10%
-------------------------
Class M $94,170.48 7.560%
-------------------------
Class B1 $44,758.76 7.905%
-------------------------
Class B2 $41,515.91 9.165%
-------------------------
Class B3 $31,123.22 9.160%
-------------------------
Class B4 $31,123.22 9.160%
-------------------------
Class B5 $51,869.63 9.160%
-------------------------
Total $2,048,929.20
(20) Principal distributable:
Class A1 $2,329,204.52
-----------
Class A2 $0.00
-----------
Class A3 $0.00
-----------
Class A4 $0.00
-----------
Class A5 $0.00
-----------
Class A6 $0.00
-----------
Class M $14,506.27
-----------
Class B1 $6,593.85
-----------
Class B2 $5,275.27
-----------
Class B3 $3,956.70
-----------
Class B4 $3,956.70
-----------
Class B5 $6,594.19
-----------
Class R1 $0.00
-----------
Class R2 $0.00
-----------
Total $2,370,087.48
(21) Additional distributions to
the Class R1 Certificate
pursuant to Section 2.05 (d) : $0.00
---
(22) Additional distributions to
the Class R2 Certificate
pursuant to Section 4.01 (b) : $0.00
---
(23) Distributions Allocable to
Unanticipated Recoveries:
Class A1 $0.00
---
Class A2 $0.00
---
Class A3 $0.00
---
Class A4 $0.00
---
Class A5 $0.00
---
Class A6 $0.00
---
Class M $0.00
---
Class B1 $0.00
---
Class B2 $0.00
---
Class B3 $0.00
---
Class B4 $0.00
---
Class B5 $0.00
---
Class R1 $0.00
---
Class R2 $0.00
---
B. Other Amounts:
1) Senior Percentage for such
Distribution Date 84.304783%
----
2) Senior Prepayment Percentage
for such Distribution Date 100.00%
----
3) Junior Percentage for such
Distribution Date 15.695217%
----
4) Junior Prepayment Percentage
for such Distribution Date 0.00%
----
5) Subordinate Certfificate Writedown Amount
for such Distribution Date $0.00
----
6) Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class B1 X
---------------------------------
Class B2 X
---------------------------------
Class B3 X
---------------------------------
Class B4 X
---------------------------------
Class B5 X
---------------------------------
7) Class A6 Certificate Percentage
for such Distribution Date: 10.164407%
---
8) Class A6 Distribution Percentage
for such Distribution Date: 0.00%
---
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
- ----------------------------------------
Name: Tim Neer
Title: Vice President of Investor Operations
Exhibit 99.30
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
AUGUST 1999
REMIC Home Equity Loan Pass-Through Certificates,
Series 1999-HE2
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1999
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
The amounts below are for a Single Certificate of $1,000:
(1) Amount of distribution allocable to principal:
Class A1 $30.24940932
----
Class A2 $0.00000000
----
Class A3 $0.00000000
----
Class A4 $0.00000000
----
Class A5 $0.00000000
----
Class A6 $0.00000000
----
Class M $0.96954070
----
Class B1 $0.96954070
----
Class B2 $0.96954070
----
Class B3 $0.96954070
----
Class B4 $0.96954070
----
Class B5 $0.96954070
----
Class R1 $0.00000000
----
Class R2 $0.00000000
----
(2) Aggregate principal prepayments included in distribution:
Class A1 $2,109,607.10
-----------
Class A2 $0.00000000
-----------
Class A3 $0.00000000
-----------
Class A4 $0.00000000
-----------
Class A5 $0.00000000
-----------
Class A6 $0.00000000
-----------
Class M $0.00000000
-----------
Class B1 $0.00000000
-----------
Class B2 $0.00000000
-----------
Class B3 $0.00000000
-----------
Class B4 $0.00000000
-----------
Class B5 $0.00000000
-----------
Class R1 $0.00000000
-----------
Class R2 $0.00000000
-----------
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 $5.07035984 6.380%
-----------------------------
Class A2 $5.54583333 6.655%
-----------------------------
Class A3 $5.68333333 6.820%
-----------------------------
Class A4 $6.05833333 7.270%
-----------------------------
Class A5 $6.25833333 7.510%
-----------------------------
Class A6 $6.07916667 7.295%
-----------------------------
Class S $1.75280980 2.10%
-----------------------------
Class M $6.29397692 7.560%
-----------------------------
Class B1 $6.58120206 7.905%
-----------------------------
Class B2 $7.63019821 9.165%
-----------------------------
Class B3 $7.62637187 9.160%
-----------------------------
Class B4 $7.62637187 9.160%
-----------------------------
Class B5 $7.62637187 9.160%
-----------------------------
(4) Amount of distribution allocable to Unanticipated Recoveries:
Class A1 $0.00
---------
Class A2 $0.00
---------
Class A3 $0.00
---------
Class A4 $0.00
---------
Class A5 $0.00
---------
Class A6 $0.00
---------
Class M $0.00
---------
Class B1 $0.00
---------
Class B2 $0.00
---------
Class B3 $0.00
---------
Class B4 $0.00
---------
Class B5 $0.00
---------
Class R1 $0.00
---------
Class R2 $0.00
---------
(5) Servicing Compensation: $119,432.47
---------
The amounts below are for the aggregate of all Certificates:
(6) Pool Principal Balance; $268,406,834.12
-------------
number of Mortgage
Loans: 3,578
-------------
(7) Class Certificate Principal Balance (or Notional Principal
Balance) of each Class; Certificate Principal Balance (or
Notional Principal Balance) of Single Certificate of each Class:
Single
Certificate
Class Class Balance Balance
Class A1 $71,103,593.22 $923.42328861
----------------------------------
Class A2 $31,000,000.00 $1,000.00000000
----------------------------------
Class A3 $53,000,000.00 $1,000.00000000
----------------------------------
Class A4 $32,000,000.00 $1,000.00000000
----------------------------------
Class A5 $13,847,000.00 $1,000.00000000
----------------------------------
Class A6 $23,000,000.00 $1,000.00000000
----------------------------------
Class M $14,933,189.40 $998.07441509
----------------------------------
Class B1 $6,787,904.10 $998.07441509
----------------------------------
Class B2 $5,430,522.89 $998.07441509
----------------------------------
Class B3 $4,073,141.69 $998.07441509
----------------------------------
Class B4 $4,073,141.69 $998.07441509
----------------------------------
Class B5 $6,788,253.65 $998.07441509
----------------------------------
Class R1 $0.00 $0.00000000
----------------------------------
Class R2 $0.00 $0.00000000
----------------------------------
(8) Book value of real estate acquired on behalf of Certificate-
holders; number of $0.00
-----------
related Mortgage Loans: 0
-----------
(9) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $1,955,952.02
-----------
25
-----------
Two Payments Delinquent $597,308.80
-----------
6
-----------
Three or more Payments Delinquent $41,000.00
-----------
1
-----------
TOTAL $2,594,260.82
-----------
32
-----------
In foreclosure $139,891.08
-----------
2
-------------
(10) Aggregate Scheduled Principal Balance and number of replaced
Mortgage Loans: $0.00
-----
0
-----
(11) Unpaid Net Simple Interest
Shortfall:
Class A1 $0.00
-----
Class A2 $0.00
-----
Class A3 $0.00
-----
Class A4 $0.00
-----
Class A5 $0.00
-----
Class A6 $0.00
-----
Class S $0.00
-----
Class M $0.00
-----
Class B1 $0.00
-----
Class B2 $0.00
-----
Class B3 $0.00
-----
Class B4 $0.00
-----
Class B5 $0.00
-----
(12) Class Certificate Interest Rate of:
Class M 7.560%
---
Class B1 7.905%
---
Class B2 9.165%
---
Class B3 9.160%
---
Class B4 9.160%
---
Class B5 9.160%
---
Class S 2.10%
---
(13) Senior Percentage for such 84.304783%
---
Distribution Date
(14) Senior Prepayment Percentage
for such Distribution Date 100.00%
---------
(15) Junior Percentage for such
Distribution Date 15.695217%
---------
(16) Junior Prepayment Percentage
for such Distribution Date 0.00%
---------
(17) Class A6 Certificate Percentage
for such Distribution Date 10.164407%
---------
(18) Class A6 Distribution Percentage
for such Distribution Date 0.00%
---------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
- ----------------------------------------------------------------
Name: Tim Neer
Title: Vice President of Investor Operations
Exhibit 99.31
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1999
Series 1999-15, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 801,386.39
---------------
(b) Interest $ 6,031,888.44
---------------
(c) Total $ 6,833,274.83
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 633,034.82
---------------
(b) Interest $ 4,748,005.76
---------------
(c) Total $ 5,381,040.58
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 168,351.57
---------------
(b) Interest $ 1,283,882.68
---------------
(c) Total $ 1,452,234.25
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 177,382.30
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 5,532,135.19
---------------
(b) Interest $ 19,582.09
---------------
(c) Total $ 5,551,717.28
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 1,374,444.76
---------------
(b) Interest $ 7,718.90
---------------
(c) Total $ 1,382,163.66
---------------
12. Pool Scheduled Principal Balance: $ 996,675,665.83
---------------
13. Available Funds: $ 13,759,289.55
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
--------------
17. Compensating Interest Payment: $ 1,603.72
--------------
18. Total interest payments: $ 5,873,939.43
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.56 $ 0.00 $ 0.56 % 6.840000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 455,686.59 $ 0.00 $ 455,686.59 % 6.749999944
A2 $ 241,875.00 $ 0.00 $ 241,875.00 % 6.750000000
A3 $ 281,250.00 $ 0.00 $ 281,250.00 % 6.750000000
A4 $ 149,209.59 $ 0.00 $ 149,209.59 % 6.999999961
A5 $ 28,125.00 $ 0.00 $ 28,125.00 % 6.750000000
A6 $ 7,000.00 $ 0.00 $ 7,000.00 % 7.000000000
A7 $ 1,750.00 $ 0.00 $ 1,750.00 % 7.000000000
A8 $ 1,750.00 $ 0.00 $ 1,750.00 % 7.000000000
A9 $ 1,750.00 $ 0.00 $ 1,750.00 % 7.000000000
A10 $ 5,250.00 $ 0.00 $ 5,250.00 % 7.000000000
A11 $ 21,875.00 $ 0.00 $ 21,875.00 % 7.000000000
A12 $ 217,383.83 $ 0.00 $ 217,383.83 % 6.999999893
A13 $ 562,500.00 $ 0.00 $ 562,500.00 % 6.750000000
A14 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A15 $ 8,830.78 $ 0.00 $ 8,830.78 % 7.250001710
A16 $ 716,332.50 $ 0.00 $ 716,332.50 % 6.750000000
A17 $ 379,116.41 $ 0.00 $ 379,116.41 % 7.000000062
A18 $ 30,208.33 $ 0.00 $ 30,208.33 % 7.249999200
A19 $ 60,416.67 $ 0.00 $ 60,416.67 % 7.250000400
A20 $ 30,208.33 $ 0.00 $ 30,208.33 % 7.249999200
A21 $ 140,577.14 $ 0.00 $ 140,577.14 % 7.249999817
A22 $ 124,206.47 $ 0.00 $ 124,206.47 % 6.750000068
A23 $ 172,828.97 $ 0.00 $ 172,828.97 % 6.750000049
A24 $ 227,332.69 $ 0.00 $ 0.00 % 6.750000074
A25 $ 520,965.87 $ 0.00 $ 520,965.87 % 6.749999976
A26 $ 3,403.13 $ 0.00 $ 3,403.13 % 6.750009917
A27 $ 311,689.69 $ 0.00 $ 311,689.69 % 6.750000054
A28 $ 294,695.44 $ 0.00 $ 294,695.44 % 6.750000057
2A1 $ 236,250.00 $ 0.00 $ 236,250.00 % 6.750000000
2A2 $ 56,362.50 $ 0.00 $ 56,362.50 % 7.500000000
2A3 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A4 $ 56,360.62 $ 0.00 $ 56,360.62 % 7.500000166
2A5 $ 40,696.57 $ 0.00 $ 40,696.57 % 6.749999793
1S $ 226,042.13 $ 0.00 $ 226,042.13 % 0.358672258
2S $ 21,856.74 $ 0.00 $ 21,856.74 % 0.362519453
M $ 118,659.38 $ 0.00 $ 118,659.38 % 6.750000284
B1 $ 42,378.75 $ 0.00 $ 42,378.75 % 6.750000000
B2 $ 25,425.00 $ 0.00 $ 25,425.00 % 6.750000000
B3 $ 28,248.75 $ 0.00 $ 28,248.75 % 6.750000000
B4 $ 11,300.63 $ 0.00 $ 11,300.63 % 6.750002987
B5 $ 14,140.36 $ 0.00 $ 14,140.36 % 6.749998007
20. Principal Distribution Amount: $ 7,885,350.12
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
Class R $ 100.00 $ 0.00
Class PO $ 21,537.14 $ 0.00
Class A1 $ 1,164,053.62 $ 0.00
Class A2 $ 304,208.00 $ 0.00
Class A3 $ 798,145.47 $ 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 $ 1,134,716.69 $ 0.00
Class A14 $ 0.00 $ 0.00
Class A15 $ 0.00 $ 0.00
Class A16 $ 2,901,808.97 $ 0.00
Class A17 $ 0.00 $ 0.00
Class A18 $ 0.00 $ 0.00
Class A19 $ 0.00 $ 0.00
Class A20 $ 0.00 $ 0.00
Class A21 $ 0.00 $ 0.00
Class A22 $ 227,332.69 $ 0.00
Class A23 $ 0.00 $ 0.00
Class A24 $ 0.00 $ 227,332.69
Class A25 $ 0.00 $ 0.00
Class A26 $ 0.00 $ 0.00
Class A27 $ 1,164,053.62 $ 0.00
Class A28 $ 0.00 $ 0.00
Class 2A1 $ 362,686.17 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 0.00 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 0.00 $ 0.00
Class 1S $ 0.00 $ 0.00
Class 2S $ 0.00 $ 0.00
Class M $ 16,819.36 $ 0.00
Class B1 $ 6,006.97 $ 0.00
Class B2 $ 3,603.86 $ 0.00
Class B3 $ 4,004.12 $ 0.00
Class B4 $ 1,601.81 $ 0.00
Class B5 $ 2,004.32 $ 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: $ 69,661.72
----------
3. Supplemental Servicing Fee amount: $ N/A
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: %N/A N/A N/A N/A
---- ---- -------- ---------
6. Group I Senior Percentage:
%N/A N/A N/A N/A
---- ---- -------- ---------
7. Group II Senior Percentage:
%N/A N/A N/A N/A
---- ---- -------- ---------
8. Senior Prepayment Percentage:
%N/A N/A N/A N/A
---- ---- -------- ---------
9. Group I Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ---- -------- ---------
10. Group II Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ---- -------- ---------
11. Junior Percentage: %N/A
----
12. Junior Prepayment Percentage:
%N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.32
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
August, 1999
Series 1999-15, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.258793
----------------------
Weighted average maturity 355.82
----------------------
A. Amount of distribution allocable to principal and interest: The amounts
below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 1000.00000000 $ 905.00000000 $ 5.70000000 %6.84000000
PO $ 4.92161918 $ 4.02357634 $ 0.00000000 %0.00000000
A1 $ 14.36908986 $ 13.00460604 $ 5.62499995 %6.74999994
A2 $ 7.07460465 $ 6.40280279 $ 5.62500000 %6.75000000
A3 $ 15.96290940 $ 14.44707700 $ 5.62500000 %6.75000000
A4 $ 0.00000000 $ 0.00000000 $ 5.83333330 %6.99999996
A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A6 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A7 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A8 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A9 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A10 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A11 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A12 $ 0.00000000 $ 0.00000000 $ 5.83333324 %6.99999989
A13 $ 11.34716690 $ 10.26964390 $ 5.62500000 %6.75000000
A14 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A15 $ 0.00000000 $ 0.00000000 $ 6.04166809 %7.25000171
A16 $ 22.78645106 $ 20.62265752 $ 5.62500000 %6.75000000
A17 $ 0.00000000 $ 0.00000000 $ 5.83333338 %7.00000006
A18 $ 0.00000000 $ 0.00000000 $ 6.04166600 %7.24999920
A19 $ 0.00000000 $ 0.00000000 $ 6.04166700 %7.25000040
A20 $ 0.00000000 $ 0.00000000 $ 6.04166600 %7.24999920
A21 $ 0.00000000 $ 0.00000000 $ 6.04166651 %7.24999982
A22 $ 10.29532837 $ 9.31768726 $ 5.62500006 %6.75000007
A23 $ 0.00000000 $ 0.00000000 $ 5.62500004 %6.75000005
A24 $ 0.00000000 $ 0.00000000 $ 5.62500006 %6.75000007
A25 $ 0.00000000 $ 0.00000000 $ 5.62499998 %6.74999998
A26 $ 0.00000000 $ 0.00000000 $ 5.62500826 %6.75000992
A27 $ 21.00743745 $ 19.01257844 $ 5.62500005 %6.75000005
A28 $ 0.00000000 $ 0.00000000 $ 5.62500005 %6.75000006
2A1 $ 8.63538500 $ 7.34144143 $ 5.62500000 %6.75000000
2A2 $ 0.00000000 $ 0.00000000 $ 6.25000000 %7.50000000
2A3 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
2A4 $ 0.00000000 $ 0.00000000 $ 6.25000014 %7.50000017
2A5 $ 0.00000000 $ 0.00000000 $ 5.62499983 %6.74999979
1S $ 0.00000000 $ 0.00000000 $ 0.29889355 %0.35867226
2S $ 0.00000000 $ 0.00000000 $ 0.30209954 %0.36251945
M $ 0.79731500 $ 0.79731500 $ 5.62500024 %6.75000028
B1 $ 0.79731484 $ 0.79731484 $ 5.62500000 %6.75000000
B2 $ 0.79731416 $ 0.79731416 $ 5.62500000 %6.75000000
B3 $ 0.79731581 $ 0.79731581 $ 5.62500000 %6.75000000
B4 $ 0.79731707 $ 0.79731707 $ 5.62500249 %6.75000299
B5 $ 0.79731327 $ 0.79731327 $ 5.62499834 %6.74999801
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
A24 $ 227,332.69
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 69,661.72
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 996,675,665.83
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 3,064
-------------
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 36158GHL5
PO $ 4,376,027.32 $ 4,354,490.18 $ 995.08 GEC9915PO
A1 $ 81,010,950.00 $ 79,846,896.38 $ 985.63 36158GFV5
A2 $ 43,000,000.00 $ 42,695,792.00 $ 992.93 36158GFW3
A3 $ 50,000,000.00 $ 49,201,854.53 $ 984.04 36158GFX1
A4 $ 25,578,787.00 $ 25,578,787.00 $ 1,000.00 36158GFY9
A5 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36158GFZ6
A6 $ 1,200,000.00 $ 1,200,000.00 $ 1,000.00 36158GGA0
A7 $ 300,000.00 $ 300,000.00 $ 1,000.00 36158GGB8
A8 $ 300,000.00 $ 300,000.00 $ 1,000.00 36158GGC6
A9 $ 300,000.00 $ 300,000.00 $ 1,000.00 36158GGD4
A10 $ 900,000.00 $ 900,000.00 $ 1,000.00 36158GGE2
A11 $ 3,750,000.00 $ 3,750,000.00 $ 1,000.00 36158GGF9
A12 $ 37,265,800.00 $ 37,265,800.00 $ 1,000.00 36158GGG7
A13 $ 100,000,000.00 $ 98,865,283.31 $ 988.65 36158GGH5
A14 $ 8,297,968.00 $ 8,297,968.00 $ 1,000.00 36158GGJ1
A15 $ 1,461,646.00 $ 1,461,646.00 $ 1,000.00 36158GGK8
A16 $ 127,348,000.00 $ 124,446,191.03 $ 977.21 36158GGL6
A17 $ 64,991,384.00 $ 64,991,384.00 $ 1,000.00 36158GGM4
A18 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36158GGN2
A19 $ 10,000,000.00 $ 10,000,000.00 $ 1,000.00 36158GGP7
A20 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36158GGQ5
A21 $ 23,267,941.00 $ 23,267,941.00 $ 1,000.00 36158GGR3
A22 $ 22,081,150.00 $ 21,853,817.31 $ 989.70 36158GGS1
A23 $ 30,725,150.00 $ 30,725,150.00 $ 1,000.00 36158GGT9
A24 $ 40,414,700.00 $ 40,642,032.69 $ 1,005.63 36158GGU6
A25 $ 92,616,155.00 $ 92,616,155.00 $ 1,000.00 36158GGV4
A26 $ 605,000.00 $ 605,000.00 $ 1,000.00 36158GGW2
A27 $ 55,411,500.00 $ 54,247,446.38 $ 978.99 36158GGX0
A28 $ 52,390,300.00 $ 52,390,300.00 $ 1,000.00 36158GGY8
2A1 $ 42,000,000.00 $ 41,637,313.83 $ 991.36 36158GGZ5
2A2 $ 9,018,000.00 $ 9,018,000.00 $ 1,000.00 36158GHA9
2A3 $ 2,003,966.00 $ 2,003,966.00 $ 1,000.00 36158GHB7
2A4 $ 9,017,699.00 $ 9,017,699.00 $ 1,000.00 36158GHC5
2A5 $ 7,234,946.00 $ 7,234,946.00 $ 1,000.00 36158GHD3
1S $ 756,262,995.80 $ 728,126,943.80 $ 962.80 GEC99151S
2S $ 72,349,463.68 $ 71,984,365.30 $ 994.95 GEC99152S
M $ 21,095,000.00 $ 21,078,180.64 $ 999.20 36158GHE1
B1 $ 7,534,000.00 $ 7,527,993.03 $ 999.20 36158GHF8
B2 $ 4,520,000.00 $ 4,516,396.14 $ 999.20 36158GHG6
B3 $ 5,022,000.00 $ 5,017,995.88 $ 999.20 36157R4L6
B4 $ 2,009,000.00 $ 2,007,398.19 $ 999.20 36157R4M4
B5 $ 2,513,843.16 $ 2,511,838.83 $ 999.20 36157R4N2
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 7 Principal Balance $ 2,331,495.11
-------- -------------
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.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
A19 $ 999.99 $ 0.00 $ 0.00 $ 999.99
*It has been the Company's experience that, with respect to the first
Distribution Date after the closing of a securitization containing a large
number of recently originated or acquired Mortgage Loans, the number of Mortgage
Loans 30-59 days delinquent may be inflated due to the borrowers sending monthly
payments to the wrong location or delays by the Company in inputting the
Mortgage Loans on its servicing system. It has also been the Company's
experience that for the majority of such Mortgage Loans the routing of
borrowers' monthly payments has corrected itself by the second Distribution
Date. However, the Company makes no assurances as to the level of delinquent
Mortgage Loans for future Distribution Dates.
Exhibit 99.33
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1999
Series 1999-16, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 657,229.36
---------------
(b) Interest $ 1,142,185.51
---------------
(c) Total $ 1,799,414.87
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 484,692.96
---------------
(b) Interest $ 844,331.99
---------------
(c) Total $ 1,329,024.95
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 172,536.40
---------------
(b) Interest $ 297,853.52
---------------
(c) Total $ 470,389.92
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 257,487.14
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,314,406.54
---------------
(b) Interest $ 3,929.13
---------------
(c) Total $ 1,318,335.67
---------------
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 $ 375,566.14
---------------
(b) Interest $ 1,837.35
---------------
(c) Total $ 377,403.49
---------------
12. Pool Scheduled Principal Balance: $ 198,726,883.53
---------------
13. Available Funds: $ 3,717,193.18
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 0.00
-------------
18. Total interest payments: $ 1,112,504.00
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.54 $ 0.00 $ 0.54 %6.480000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A $ 1,059,337.50 $ 0.00 $ 1,059,337.50 %6.500000000
S $ 31,354.93 $ 0.00 $ 31,354.93 %0.259479714
M $ 8,834.58 $ 0.00 $ 8,834.58 %6.499997548
B1 $ 3,239.17 $ 0.00 $ 3,239.17 %6.500006689
B2 $ 3,239.17 $ 0.00 $ 3,239.17 %6.500006689
B3 $ 3,239.17 $ 0.00 $ 3,239.17 %6.500006689
B4 $ 1,619.58 $ 0.00 $ 1,619.58 %6.499986622
B5 $ 1,639.36 $ 0.00 $ 1,639.36 %6.500018189
20. Principal Distribution Amount: $ 2,604,689.18
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 100.00 $ 0.00
Class PO $ 26,441.79 $ 0.00
Class A $ 2,565,005.70 $ 0.00
Class S $ 0.00 $ 0.00
Class M $ 5,323.06 $ 0.00
Class B1 $ 1,951.68 $ 0.00
Class B2 $ 1,951.68 $ 0.00
Class B3 $ 1,951.68 $ 0.00
Class B4 $ 975.84 $ 0.00
Class B5 $ 987.75 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
--------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
--------------
24. Subordinate Certificate Writedown Amount: $ 0.00
--------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 19,264.35
----------
3. Supplemental Servicing Fee amount: $ N/A
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: % 97.982607 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: % 2.017393
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Services
Exhibit 99.34
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
August, 1999
Series 1999-16, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % .
------------------------
Weighted average maturity 176.06
------------------------
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 $ 751.20000000 $ 5.40000000 %6.48000000
PO $ 15.24178849 $ 11.89294925 $ 0.00000000 %0.00000000
A $ 13.11553766 $ 9.85198420 $ 5.41666667 %6.50000000
S $ 0.00000000 $ 0.00000000 $ 0.21623310 %0.25947971
M $ 3.26367872 $ 0.00000000 $ 5.41666462 %6.49999755
B1 $ 3.26367893 $ 0.00000000 $ 5.41667224 %6.50000669
B2 $ 3.26367893 $ 0.00000000 $ 5.41667224 %6.50000669
B3 $ 3.26367893 $ 0.00000000 $ 5.41667224 %6.50000669
B4 $ 3.26367893 $ 0.00000000 $ 5.41665552 %6.49998662
B5 $ 3.26366843 $ 0.00000000 $ 5.41668182 %6.50001819
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:
$ 19,264.35
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 198,726,883.53
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 587
----------
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 36157R4G7
PO $ 1,734,822.00 $ 1,708,380.21 $ 984.76 GEC9916PO
A $ 195,570,000.00 $ 193,004,994.30 $ 986.88 36157R4F9
S $ 145,005,231.40 $ 143,030,063.45 $ 986.38 GEC99016S
M $ 1,631,000.00 $ 1,625,676.94 $ 996.74 36157R4H5
B1 $ 598,000.00 $ 596,048.32 $ 996.74 36157R4J1
B2 $ 598,000.00 $ 596,048.32 $ 996.74 36157R4K8
B3 $ 598,000.00 $ 596,048.32 $ 996.74 36158GHH4
B4 $ 299,000.00 $ 298,024.16 $ 996.74 36158GHJ4
B5 $ 302,650.23 $ 301,662.48 $ 996.74 36158GHK7
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 10 Principal Balance $ 3,296,023.17
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
---------------
2. Bankruptcy Loss Amount: $ 0.00
---------------
3. Fraud Loss Amount: $ 0.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
*It has been the Company's experience that, with respect to the first
Distribution Date after the closing of a securitization containing a large
number of recently originated or acquired Mortgage Loans, the number of Mortgage
Loans 30-59 days delinquent may be inflated due to the borrowers sending monthly
payments to the wrong location or delays by the Company in inputting the
Mortgage Loans on its servicing system. It has also been the Company's
experience that for the majority of such Mortgage Loans the routing of
borrowers' monthly payments has corrected itself by the second Distribution
Date. However, the Company makes no assurances as to the level of delinquent
Mortgage Loans for future Distribution Dates.
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