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Previous: DATAWATCH CORP, SC 13G, 1999-02-09 |
Next: MOSLER INC, 10-Q, 1999-02-09 |
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) January 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 January 25, 1999 GE Capital Mortgage Services, Inc. ("GECMSI") passed
through to Certificateholders of Mortgage Pass-Through Certificates principal
and interest payments as required for the various Series of Mortgage
Pass-Through Certificates listed below and as detailed in Item 7, Financial
Statements, Pro Forma Financial Information and Exhibits, of this Report.
Series Distribution on Series
- ------ ----------------------
Series 1998-01 $5,618,289.26
Series 1998-02 $16,910,995.77
Series 1998-03 $10,823,466.02
Series 1998-04 $12,843,265.67
Series 1998-HE1 $3,637,291.40
Series 1998-HE2 $5,262,690.13
Series 1998-05 $12,184,693.33
Series 1998-6A $6,659,250.74
Series 1998-6B $10,547,139.61
Series 1998-07 $4,230,987.27
Series 1998-08A $11,276,644.21
Series 1998-08B $3,487,855.73
Series 1998-09 $16,586,964.02
Series 1998-10A $11,354,951.39
Series 1998-10B $2,885,311.66
Series 1998-11A $9,460,406.80
Series 1998-11B $4,806,111.05
Series 1998-11C $2,425,410.75
Series 1998-12A $6,641,920.11
Series 1998-12-B $3,132,581.98
Series 1998-12C $3,234,114.39
Series 1998-12D $2,358,220.30
Series 1998-13 $14,725,743.53
Series 1998-14 $10,445,958.97
Series 1998-15 $6,112,548.18
Series 1998-16 $4,216,228.68
Series 1998-17 $7,498,932.15
Series 1998-18 $5,170,312.31
Series 1998-19 $5,429,161.16
Series 1998-20 $8,160,519.27
Series 1998-21 $7,754,875.82
Series 1998-22 $6,712,638.62
Series 1998-23 $6,790,624.55
Series 1998-24 $6,179,246.46
Series 1998-25 $15,171,695.57
Series 1998-26 $3,702,575.58
Item 7. Financial Statements and Exhibits
- ------- ---------------------------------
Attached as Exhibits to Item 7 are the "Servicer's Certificate" and the
"Distribution Date Statement" filed as part of this Report.
Series Exhibit No. Description
------ ----------- -----------
Series 1998-01 99.1 Servicer's Certificate
99.2 Distribution Date Statement
Series 1998-02 99.3 Servicer's Certificate
99.4 Distribution Date Statement
Series 1998-03 99.5 Servicer's Certificate
99.6 Distribution Date Statement
Series 1998-04 99.7 Servicer's Certificate
99.8 Distribution Date Statement
Series 1998-HE1 99.9 Servicer's Certificate
99.10 Distribution Date Statement
Series 1998-05 99.11 Servicer's Certificate
99.12 Distribution Date Statement
Series 1998-6A 99.13 Servicer's Certificate
99.14 Distribution Date Statement
Series 1998-6B 99.15 Servicer's Certificate
99.16 Distribution Date Statement
Series 1998-07 99.17 Servicer's Certificate
99.18 Distribution Date Statement
Series 1998-08A 99.19 Servicer's Certificate
99.20 Distribution Date Statement
Series 1998-08B 99.21 Servicer's Certificate
99.22 Distribution Date Statement
Series 1998-09 99.23 Servicer's Certificate
99.24 Distribution Date Statement
Series 1998-10A 99.25 Servicer's Certificate
99.26 Distribution Date Statement
Series 1998-10B 99.27 Servicer's Certificate
99.28 Distribution Date Statement
Series 1998-11A 99.29 Servicer's Certificate
99.30 Distribution Date Statement
Series 1998-11B 99.31 Servicer's Certificate
99.32 Distribution Date Statement
Series 1998-11C 99.33 Servicer's Certificate
99.34 Distribution Date Statement
Series 1998-HE2 99.35 Servicer's Certificate
99.36 Distribution Date Statement
Series 1998-12A 99.37 Servicer's Certificate
99.38 Distribution Date Statement
Series 1998-12B 99.39 Servicer's Certificate
99.40 Distribution Date Statement
Series 1998-12C 99.41 Servicer's Certificate
99.42 Distribution Date Statement
Series 1998-12D 99.43 Servicer's Certificate
99.44 Distribution Date Statement
Series 1998-13 99.45 Servicer's Certificate
99.46 Distribution Date Statement
Series 1998-14 99.47 Servicer's Certificate
99.48 Distribution Date Statement
Series 1998-15 99.49 Servicer's Certificate
99.50 Distribution Date Statement
Series 1998-16 99.51 Servicer's Certificate
99.52 Distribution Date Statement
Series 1998-17 99.53 Servicer's Certificate
99.54 Distribution Date Statement
Series 1998-18 99.55 Servicer's Certificate
99.56 Distribution Date Statement
Series 1998-19 99.57 Servicer's Certificate
99.58 Distribution Date Statement
Series 1998-20 99.59 Servicer's Certificate
99.60 Distribution Date Statement
Series 1998-21 99.61 Servicer's Certificate
99.62 Distribution Date Statement
Series 1998-22 99.63 Servicer's Certificate
99.64 Distribution Date Statement
Series 1998-23 99.65 Servicer's Certificate
99.66 Distribution Date Statement
Series 1998-24 99.67 Servicer's Certificate
99.68 Distribution Date Statement
Series 1998-25 99.69 Servicer's Certificate
99.70 Distribution Date Statement
Series 1998-26 99.71 Servicer's Certificate
99.72 Distribution Date Statement
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-----------------------------------
Name: Tim Neer
Title: Vice President, Investor Relations
Dated as of : January 26, 1999
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
- ----------- -----------
99.1 Series 1998-01 Servicer's Certificate
99.2 Series 1998-01 Distribution Date Statement
99.3 Series 1998-02 Servicer's Certificate
99.4 Series 1998-02 Distribution Date Statement
99.5 Series 1998-03 Servicer's Certificate
99.6 Series 1998-03 Distribution Date Statement
99.7 Series 1998-04 Servicer's Certificate
99.8 Series 1998-04 Distribution Date Statement
99.9 Series 1998-HE1 Servicer's Certificate
99.10 Series 1998-HE1 Distribution Date Statement
99.11 Series 1998-05 Servicer's Certificate
99.12 Series 1998-05 Distribution Date Statement
99.13 Series 1998-6A Servicer's Certificate
99.14 Series 1998-6A Distribution Date Statement
99.15 Series 1998-6B Servicer's Certificate
99.16 Series 1998-6B Distribution Date Statement
99.17 Series 1998-07 Servicer's Certificate
99.18 Series 1998-07 Distribution Date Statement
99.19 Series 1998-08A Servicer's Certificate
99.20 Series 1998-08A Distribution Date Statement
99.21 Series 1998-08B Servicer's Certificate
99.22 Series 1998-08B Distribution Date Statement
99.23 Series 1998-09 Servicer's Certificate
99.24 Series 1998-09 Distribution Date Statement
99.25 Series 1998-10A Servicer's Certificate
99.26 Series 1998-10A Distribution Date Statement
99.27 Series 1998-10B Servicer's Certificate
99.28 Series 1998-10B Distribution Date Statement
99.29 Series 1998-11A Servicer's Certificate
99.30 Series 1998-11A Distribution Date Statement
99.31 Series 1998-11B Servicer's Certificate
99.32 Series 1998-11B Distribution Date Statement
99.33 Series 1998-11C Servicer's Certificate
99.34 Series 1998-11C Distribution Date Statement
99.35 Series 1998-HE2 Servicer's Certificate
99.36 Series 1998-HE2 Distribution Date Statement
99.37 Series 1998-12A Servicer's Certificate
99.38 Series 1998-12A Distribution Date Statement
99.39 Series 1998-12B Servicer's Certificate
99.40 Series 1998-12B Distribution Date Statement
99.41 Series 1998-12C Servicer's Certificate
99.42 Series 1998-12C Distribution Date Statement
99.43 Series 1998-12D Servicer's Certificate
99.44 Series 1998-12D Distribution Date Statement
99.45 Series 1998-13 Servicer's Certificate
99.46 Series 1998-13 Distribution Date Statement
99.47 Series 1998-14 Servicer's Certificate
99.48 Series 1998-14 Distribution Date Statement
99.49 Series 1998-15 Servicer's Certificate
99.50 Series 1998-15 Distribution Date Statement
99.51 Series 1998-16 Servicer's Certificate
99.52 Series 1998-16 Distribution Date Statement
99.53 Series 1998-17 Servicer's Certificate
99.54 Series 1998-17 Distribution Date Statement
99.55 Series 1998-18 Servicer's Certificate
99.56 Series 1998-18 Distribution Date Statement
99.57 Series 1998-19 Servicer's Certificate
99.58 Series 1998-19 Distribution Date Statement
99.59 Series 1998-20 Servicer's Certificate
99.60 Series 1998-20 Distribution Date Statement
99.61 Series 1998-21 Servicer's Certificate
99.62 Series 1998-21 Distribution Date Statement
99.63 Series 1998-22 Servicer's Certificate
99.64 Series 1998-22 Distribution Date Statement
99.65 Series 1998-23 Servicer's Certificate
99.66 Series 1998-23 Distribution Date Statement
99.67 Series 1998-24 Servicer's Certificate
99.68 Series 1998-24 Distribution Date Statement
99.69 Series 1998-25 Servicer's Certificate
99.70 Series 1998-25 Distribution Date Statement
99.71 Series 1998-26 Servicer's Certificate
99.72 Series 1998-26 Distribution Date Statement
Exhibit 99.01
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 539,290.44
---------------
(b) Interest $ 926,755.69
---------------
(c) Total $ 1,466,046.13
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 217,388.34
---------------
(b) Interest $ 363,319.53
---------------
(c) Total $ 580,707.87
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 321,902.10
---------------
(b) Interest $ 563,436.16
---------------
(c) Total $ 885,338.26
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 87,434.12
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,124,847.34
---------------
(b) Interest $ 23,298.62
---------------
(c) Total $ 4,148,145.96
---------------
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: $ 149,480,308.49
---------------
13. Available Funds: $ 5,618,289.25
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
---------------
17. Compensating Interest Payment: $ 3,354.46
---------------
18. Total interest payments: $ 866,717.34
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 269,961.77 $ 0.00 $ 269,961.77 %6.750000101
A2 $ 428,160.75 $ 0.00 $ 428,160.75 %6.749999932
A3 $ 144,157.76 $ 0.00 $ 144,157.76 %6.750000056
M $ 8,145.53 $ 0.00 $ 8,145.53 %6.750000243
B1 $ 5,430.34 $ 0.00 $ 5,430.34 %6.749994950
B2 $ 2,715.16 $ 0.00 $ 2,715.16 %6.750003931
B3 $ 4,344.28 $ 0.00 $ 4,344.28 %6.749998903
B4 $ 1,629.10 $ 0.00 $ 1,629.10 %6.750020458
B5 $ 2,172.65 $ 0.00 $ 2,172.65 %6.750010466
20. Principal Distribution Amount: $ 4,751,571.91
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 677.08 $ 0.00
Class A1 $ 1,517,855.23 $ 0.00
Class A2 $ 3,128,248.89 $ 0.00
Class A3 $ 89,601.77 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 5,062.88 $ 0.00
Class B1 $ 3,375.25 $ 0.00
Class B2 $ 1,687.62 $ 0.00
Class B3 $ 2,700.20 $ 0.00
Class B4 $ 1,012.57 $ 0.00
Class B5 $ 1,350.42 $ 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: $ 37,703.83
----------
3. Supplemental Servicing Fee amount: $ 51,072.40
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 97.180505 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: % 2.819495
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.02
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.415663
----------------------
Weighted average maturity 164.59
----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 4.31926919 $ 0.62433815 $ 0.00000000 %0.00000000
A1 $ 24.21980581 $ 21.54235727 $ 4.30767145 %6.75000010
A2 $ 29.43177752 $ 26.17815666 $ 4.02830222 %6.74999993
A3 $ 3.37202949 $ 2.99925862 $ 5.42516312 %6.75000006
M $ 3.37202743 $ 0.00000000 $ 5.42516326 %6.75000024
B1 $ 3.37202971 $ 0.00000000 $ 5.42515897 %6.74999495
B2 $ 3.37203657 $ 0.00000000 $ 5.42516609 %6.75000393
B3 $ 3.37202550 $ 0.00000000 $ 5.42516219 %6.74999890
B4 $ 3.37202990 $ 0.00000000 $ 5.42517941 %6.75002046
B5 $ 3.37203904 $ 0.00000000 $ 5.42517189 %6.75001047
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 37,703.83
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 149,480,308.49
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 482
------------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RCN3
PO $ 148,797.88 $ 148,120.80 $ 944.90 GEC9801PO
A1 $ 47,993,202.84 $ 46,475,347.61 $ 741.59 36157RCK9
A2 $ 76,117,467.43 $ 72,989,218.54 $ 686.71 36157RCL7
A3 $ 25,628,046.01 $ 25,538,444.24 $ 961.10 36157RCM5
SUP $ 142,435,785.28 $ 137,739,007.85 $ 734.00 GEC98001S
M $ 1,448,094.17 $ 1,443,031.28 $ 961.10 36157RCP8
B1 $ 965,394.50 $ 962,019.25 $ 961.10 36157RCQ6
B2 $ 482,694.83 $ 481,007.22 $ 961.10 36157RCR4
B3 $ 772,316.57 $ 769,616.37 $ 961.10 36157RCG8
B4 $ 289,616.90 $ 288,604.33 $ 961.10 36157RCH6
B5 $ 386,248.29 $ 384,897.88 $ 961.10 36157RCJ2
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 2 Principal Balance $ 621,430.89
-------- -----------
2. 60-89 days
Number 1 Principal Balance $ 229,323.79
-------- -----------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -----------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -----------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -----------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------
E. Other Information:
1. Special Hazard Loss Amount: $ 2,621,837.00
--------------
2. Bankruptcy Loss Amount: $ 100,000.00
--------------
3. Fraud Loss Amount: $ 2,001,914.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.03
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-02, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 273,498.49
---------------
(b) Interest $ 2,143,335.32
---------------
(c) Total $ 2,416,833.81
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 232,749.56
---------------
(b) Interest $ 1,829,904.24
---------------
(c) Total $ 2,062,653.80
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 40,748.93
---------------
(b) Interest $ 313,431.08
---------------
(c) Total $ 354,180.01
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 84,003.12
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 14,230,424.17
---------------
(b) Interest $ 91,192.11
---------------
(c) Total $ 14,321,616.28
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 285,594.17
---------------
(b) Interest $ 1,658.20
---------------
(c) Total $ 287,252.37
---------------
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: $ 334,689,247.94
---------------
13. Available Funds: $ 16,910,995.80
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
--------------
17. Compensating Interest Payment: $ 12,217.14
--------------
18. Total interest payments: $ 2,037,475.87
--------------
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 $ 79,524.91 $ 0.00 $ 79,524.91 % 6.999999740
A2 $ 21,583.33 $ 0.00 $ 21,583.33 % 6.999998919
A3 $ 108,835.91 $ 0.00 $ 108,835.91 % 7.000000087
A4 $ 143,272.50 $ 0.00 $ 143,272.50 % 7.000000000
A5 $ 198,686.24 $ 0.00 $ 198,686.24 % 6.999999853
A6 $ 242,018.40 $ 0.00 $ 242,018.40 % 6.999999980
A7 $ 57,166.67 $ 0.00 $ 57,166.67 % 7.000000408
A8 $ 4,318.71 $ 0.00 $ 4,318.71 % 7.250004924
A9 $ 20,700.03 $ 0.00 $ 20,700.03 % 6.949999882
A10 $ 19,250.00 $ 0.00 $ 19,250.00 % 7.000000000
A11 $ 127,501.75 $ 0.00 $ 127,501.75 % 6.999999993
A12 $ 903,777.91 $ 0.00 $ 903,777.91 % 6.999999987
M $ 45,639.76 $ 0.00 $ 45,639.76 % 7.000000141
B1 $ 26,079.86 $ 0.00 $ 26,079.86 % 6.999999378
B2 $ 13,039.93 $ 0.00 $ 13,039.93 % 6.999999378
B3 $ 13,039.93 $ 0.00 $ 13,039.93 % 6.999999378
B4 $ 3,910.82 $ 0.00 $ 3,910.82 % 6.999995779
B5 $ 9,129.21 $ 0.00 $ 9,129.21 % 6.999998473
20. Principal Distribution Amount: $ 14,873,519.93
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 326.14 $ 0.00
Class A1 $ 1,051,585.38 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 981,999.30 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 3,342,563.51 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 41,783.93 $ 0.00
Class A9 $ 208,919.87 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 34,970.95 $ 0.00
Class A12 $ 9,180,969.99 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 12,517.99 $ 0.00
Class B1 $ 7,153.14 $ 0.00
Class B2 $ 3,576.57 $ 0.00
Class B3 $ 3,576.57 $ 0.00
Class B4 $ 1,072.65 $ 0.00
Class B5 $ 2,503.94 $ 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: $ 84,867.44
-----------
3. Supplemental Servicing Fee amount: $ 125,712.70
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 94.559959 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 5.440041
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.04
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-02, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.683101
----------------------
Weighted average maturity 345.29
----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 1.12046723 $ 0.23605600 $ 0.00000000 %0.00000000
A1 $ 50.57297097 $ 49.69261969 $ 3.82452157 %6.99999974
A2 $ 0.00000000 $ 0.00000000 $ 5.83333243 %6.99999892
A3 $ 38.74630366 $ 38.07182552 $ 4.29428943 %7.00000009
A4 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A5 $ 0.00000000 $ 0.00000000 $ 5.83333321 %6.99999985
A6 $ 51.98216734 $ 51.07728518 $ 3.76377021 %6.99999998
A7 $ 0.00000000 $ 0.00000000 $ 5.83333367 %7.00000041
A8 $ 41.78397178 $ 41.05662106 $ 4.31871432 %7.25000492
A9 $ 41.78397400 $ 41.05661800 $ 4.14000600 %6.94999988
A10 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A11 $ 1.58676520 $ 1.55914344 $ 5.78524005 %6.99999999
A12 $ 42.22106227 $ 41.48609708 $ 4.15625620 %6.99999999
M $ 1.58676512 $ 0.81092027 $ 5.78524021 %7.00000014
B1 $ 1.58676575 $ 0.81092059 $ 5.78523957 %6.99999938
B2 $ 1.58676575 $ 0.81091837 $ 5.78523957 %6.99999938
B3 $ 1.58676575 $ 0.81091837 $ 5.78523957 %6.99999938
B4 $ 1.58676036 $ 0.81091716 $ 5.78523669 %6.99999578
B5 $ 1.58676282 $ 0.81092240 $ 5.78523885 %6.99999847
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 84,867.44
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 334,689,247.94
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,155
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RDE2
PO $ 281,185.82 $ 280,859.68 $ 964.90 GEC9802PO
A1 $ 13,632,842.22 $ 12,581,256.83 $ 605.06 36157RCS2
A2 $ 3,700,000.00 $ 3,700,000.00 $ 1,000.00 36157RCT0
A3 $ 18,657,584.34 $ 17,675,585.03 $ 697.42 36157RCU7
A4 $ 24,561,000.00 $ 24,561,000.00 $ 1,000.00 36157RCV5
A5 $ 34,060,499.00 $ 34,060,499.00 $ 1,000.00 36157RCW3
A6 $ 41,488,868.69 $ 38,146,305.19 $ 593.24 36157RCX1
A7 $ 9,800,000.00 $ 9,800,000.00 $ 1,000.00 36157RCY9
A8 $ 714,820.48 $ 673,036.55 $ 673.04 36157RCZ6
A9 $ 3,574,105.96 $ 3,365,186.08 $ 673.04 36157RDA0
A10 $ 3,300,000.00 $ 3,300,000.00 $ 1,000.00 36157RDB8
A11 $ 21,857,442.88 $ 21,822,471.93 $ 990.17 36157RDC6
A12 $ 154,933,356.28 $ 145,752,386.29 $ 670.28 36157RDD4
SUP $ 336,679,688.36 $ 321,820,888.51 $ 735.52 GEC98002S
M $ 7,823,958.70 $ 7,811,440.71 $ 990.17 36157RDF9
B1 $ 4,470,833.54 $ 4,463,680.40 $ 990.17 36157RDG7
B2 $ 2,235,416.77 $ 2,231,840.20 $ 990.17 36157RDH5
B3 $ 2,235,416.77 $ 2,231,840.20 $ 990.17 36157RDJ1
B4 $ 670,426.69 $ 669,354.04 $ 990.17 36157RDK8
B5 $ 1,565,007.77 $ 1,562,503.82 $ 990.17 36157RDL6
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 13 Principal Balance $ 3,563,080.77
-------- --------------
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 1 Principal Balance $ 304,276.11
-------- --------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- --------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
--------------
E. Other Information:
1. Special Hazard Loss Amount: $ 4,508,007.00
-----------------
2. Bankruptcy Loss Amount: $ 173,734.00
-----------------
3. Fraud Loss Amount: $ 4,508,007.00
-----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.05
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-03, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 197,936.81
---------------
(b) Interest $ 1,499,827.43
---------------
(c) Total $ 1,697,764.24
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 160,031.55
---------------
(b) Interest $ 1,205,796.19
---------------
(c) Total $ 1,365,827.74
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 37,905.26
---------------
(b) Interest $ 294,031.24
---------------
(c) Total $ 331,936.50
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 105,801.25
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 9,087,083.02
---------------
(b) Interest $ 57,044.38
---------------
(c) Total $ 9,144,127.40
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 236,320,236.85
---------------
13. Available Funds: $ 10,823,465.98
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 7,166.47
-------------
18. Total interest payments: $ 1,432,644.89
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 361,666.67 $ 0.00 $ 361,666.67 % 7.000000065
A2 $ 64,947.92 $ 0.00 $ 64,947.92 % 6.250000321
A3 $ 110,822.92 $ 0.00 $ 110,822.92 % 6.250000188
A4 $ 81,968.75 $ 0.00 $ 81,968.75 % 6.250000000
A5 $ 81,614.58 $ 0.00 $ 81,614.58 % 6.249999745
A6 $ 40,722.50 $ 0.00 $ 40,722.50 % 7.000000000
A7 $ 122,886.38 $ 0.00 $ 122,886.38 % 7.000000187
A8 $ 427,344.29 $ 0.00 $ 427,344.29 % 6.999999951
A9 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A10 $ 63,583.33 $ 0.00 $ 63,583.33 % 6.999999633
RL $ 0.00 $ 0.00 $ 0.00 % 0.000000000
M $ 31,737.22 $ 0.00 $ 31,737.22 % 6.999999454
B1 $ 18,136.38 $ 0.00 $ 18,136.38 % 6.999999424
B2 $ 9,071.08 $ 0.00 $ 9,071.08 % 7.000000431
B3 $ 9,071.08 $ 0.00 $ 9,071.08 % 7.000000431
B4 $ 2,721.32 $ 0.00 $ 2,721.32 % 6.999990097
B5 $ 6,350.43 $ 0.00 $ 6,350.43 % 7.000005355
20. Principal Distribution Amount: $ 9,390,821.09
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 135.88 $ 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 $ 0.00 $ 0.00
Class A7 $ 2,094,902.00 $ 0.00
Class A8 $ 7,285,138.43 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 4,382.49 $ 0.00
Class B1 $ 2,504.40 $ 0.00
Class B2 $ 1,252.60 $ 0.00
Class B3 $ 1,252.60 $ 0.00
Class B4 $ 375.78 $ 0.00
Class B5 $ 876.91 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.04
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 58,729.60
----------
3. Supplemental Servicing Fee amount: $ 74,034.16
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 94.619217 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 5.380783
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.06
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-03, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.615819
----------------------
Weighted average maturity 345.78
----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.40000000 % 0.00000000
PO $ 1.13008259 $ 0.23661208 $ 0.00000000 % 0.00000000
A1 $ 0.00000000 $ 0.00000000 $ 5.83333339 % 7.00000006
A2 $ 0.00000000 $ 0.00000000 $ 5.20833360 % 6.25000032
A3 $ 0.00000000 $ 0.00000000 $ 5.20833349 % 6.25000019
A4 $ 0.00000000 $ 0.00000000 $ 5.20833333 % 6.25000000
A5 $ 0.00000000 $ 0.00000000 $ 5.20833312 % 6.24999974
A6 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A7 $ 60.70947924 $ 59.49798331 $ 3.56120150 % 7.00000019
A8 $ 60.70948692 $ 59.49799092 $ 3.56120242 % 6.99999995
A9 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A10 $ 0.00000000 $ 0.00000000 $ 5.83333303 % 6.99999963
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
M $ 0.79783179 $ 0.00000000 $ 5.77775715 % 6.99999945
B1 $ 0.79783371 $ 0.00000000 $ 5.77775725 % 6.99999942
B2 $ 0.79783439 $ 0.00000000 $ 5.77775796 % 7.00000043
B3 $ 0.79783439 $ 0.00000000 $ 5.77775796 % 7.00000043
B4 $ 0.79783439 $ 0.00000000 $ 5.77774947 % 6.99999010
B5 $ 0.79783211 $ 0.00000000 $ 5.77776166 % 7.00000536
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:
$ 58,729.60
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 236,320,236.85
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 807
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RDX0
PO $ 114,791.75 $ 114,655.87 $ 953.57 GEC9803PO
A1 $ 62,000,000.00 $ 62,000,000.00 $ 1,000.00 36157RDM4
A2 $ 12,470,000.00 $ 12,470,000.00 $ 1,000.00 36157RDN2
A3 $ 21,278,000.00 $ 21,278,000.00 $ 1,000.00 36157RDP7
A4 $ 15,738,000.00 $ 15,738,000.00 $ 1,000.00 36157RDQ5
A5 $ 15,670,000.00 $ 15,670,000.00 $ 1,000.00 36157RDR3
A6 $ 6,981,000.00 $ 6,981,000.00 $ 1,000.00 36157RDS1
A7 $ 21,066,236.01 $ 18,971,334.01 $ 549.78 36157RDT9
A8 $ 73,259,021.66 $ 65,973,883.23 $ 549.78 36157RDU6
A9 $ 0.00 $ 0.00 $ 0.00 36157RDV4
A10 $ 10,900,000.00 $ 10,900,000.00 $ 1,000.00 36157RDW2
SUP $ 236,679,822.66 $ 227,298,821.85 $ 746.85 GEC98003S
RL $ 0.00 $ 0.00 $ 0.00 36157RDY8
M $ 5,440,666.71 $ 5,436,284.22 $ 989.67 36157RDZ5
B1 $ 3,109,093.97 $ 3,106,589.57 $ 989.67 36157REA9
B2 $ 1,555,042.19 $ 1,553,789.59 $ 989.67 36157REB7
B3 $ 1,555,042.19 $ 1,553,789.59 $ 989.67 36157REC5
B4 $ 466,512.66 $ 466,136.88 $ 989.67 36157RED3
B5 $ 1,088,644.31 $ 1,087,767.40 $ 989.67 36157REE1
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 7 Principal Balance $ 2,677,464.40
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
E. Other Information:
1. Special Hazard Loss Amount: $ 3,139,304.00
---------------
2. Bankruptcy Loss Amount: $ 123,439.00
---------------
3. Fraud Loss Amount: $ 3,139,304.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class A7_1 $ 0.00
Class A7_2 $ 0.00
Class A8_1 $ 0.00
Class A8_2 $ 0.00
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class A7_1 $ 4,488,805.85
Class A7_2 $ 14,482,528.16
Class A8_1 $ 15,610,090.97
Class A8_2 $ 50,363,792.26
Exhibit 99.07
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-04, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 412,643.84
---------------
(b) Interest $ 3,102,543.70
---------------
(c) Total $ 3,515,187.54
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 334,976.32
---------------
(b) Interest $ 2,525,660.96
---------------
(c) Total $ 2,860,637.28
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 77,667.52
---------------
(b) Interest $ 576,882.74
---------------
(c) Total $ 654,550.26
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 118,904.37
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 9,475,784.41
---------------
(b) Interest $ 58,118.44
---------------
(c) Total $ 9,533,902.85
---------------
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: $ 494,371,205.57
---------------
13. Available Funds: $ 12,843,265.47
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
---------------
17. Compensating Interest Payment: $ 8,757.52
---------------
18. Total interest payments: $ 2,835,932.86
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 437,781.88 $ 0.00 $ 437,781.88 % 6.500000029
A2 $ 458,430.82 $ 0.00 $ 458,430.82 % 7.000000053
A3 $ 9,405.96 $ 0.00 $ 9,405.96 % 6.137496960
A4 $ 3,620.62 $ 0.00 $ 3,620.62 % 11.024982051
A5 $ 709,371.79 $ 0.00 $ 709,371.79 % 6.750000012
A6 $ 534,424.03 $ 0.00 $ 534,424.03 % 6.487499985
A7 $ 206,973.47 $ 0.00 $ 206,973.47 % 7.537500046
A8 $ 338,295.12 $ 0.00 $ 338,295.12 % 6.749999963
M $ 62,105.64 $ 0.00 $ 62,105.64 % 6.749999576
B1 $ 30,212.80 $ 0.00 $ 30,212.80 % 6.749999515
B2 $ 15,103.61 $ 0.00 $ 15,103.61 % 6.749999830
B3 $ 13,429.15 $ 0.00 $ 13,429.15 % 6.749998740
B4 $ 6,713.46 $ 0.00 $ 6,713.46 % 6.750000113
B5 $ 10,064.50 $ 0.00 $ 10,064.50 % 6.750002808
20. Principal Distribution Amount: $ 10,007,332.61
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 220.93 $ 0.00
Class A1 $ 2,805,077.67 $ 0.00
Class A2 $ 571,947.86 $ 0.00
Class A3 $ 1,839,048.08 $ 0.00
Class A4 $ 394,081.73 $ 0.00
Class A5 $ 4,376,940.15 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 9,032.37 $ 0.00
Class B1 $ 4,394.02 $ 0.00
Class B2 $ 2,196.60 $ 0.00
Class B3 $ 1,953.08 $ 0.00
Class B4 $ 976.38 $ 0.00
Class B5 $ 1,463.74 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.01
--------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
--------------
24. Subordinate Certificate Writedown Amount: $ 0.00
--------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
--------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A3 % 6.13749696
Class A4 % 11.02498205
Class A6 % 6.48749998
Class A7 % 7.53750005
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: $ 117,646.00
-----------
3. Supplemental Servicing Fee amount: $ 218,040.01
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.146953 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: % 4.853047
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.08
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-04, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.526297
-----------------------
Weighted average maturity 346.55
-----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.10000000 % 0.00000000
PO $ 1.01957653 $ 0.10512811 $ 0.00000000 % 0.00000000
A1 $ 25.96789208 $ 24.94751872 $ 4.05274789 % 6.50000003
A2 $ 7.00452960 $ 6.72929605 $ 5.61430940 % 7.00000005
A3 $ 84.69411808 $ 81.36617666 $ 0.43317491 % 6.13749696
A4 $ 84.69411777 $ 81.36617666 $ 0.77812594 %11.02498205
A5 $ 25.96789210 $ 24.94751869 $ 4.20862280 % 6.75000001
A6 $ 0.00000000 $ 0.00000000 $ 5.40624999 % 6.48749998
A7 $ 0.00000000 $ 0.00000000 $ 6.28125004 % 7.53750005
A8 $ 0.00000000 $ 0.00000000 $ 5.62499997 % 6.74999996
M $ 0.81175249 $ 0.00000000 $ 5.58152602 % 6.74999958
B1 $ 0.81175319 $ 0.00000000 $ 5.58152596 % 6.74999952
B2 $ 0.81175166 $ 0.00000000 $ 5.58152624 % 6.74999983
B3 $ 0.81175395 $ 0.00000000 $ 5.58152535 % 6.74999874
B4 $ 0.81175590 $ 0.00000000 $ 5.58152644 % 6.75000011
B5 $ 0.81175486 $ 0.00000000 $ 5.58152868 % 6.75000281
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:
$ 117,646.00
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 494,371,205.57
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,647
-----------------
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 36157REP6
PO $ 212,696.39 $ 212,475.46 $ 980.56 GEC9804PO
A1 $ 80,821,269.79 $ 78,016,192.12 $ 722.23 36157REF8
A2 $ 78,588,139.98 $ 78,016,192.11 $ 955.45 36157REG6
A3 $ 1,839,048.08 $ 0.00 $ 0.00 36157REH4
A4 $ 394,081.73 $ 0.00 $ 0.00 36157REJ0
A5 $ 126,110,540.22 $ 121,733,600.07 $ 722.23 36157REK7
A6 $ 98,853,000.00 $ 98,853,000.00 $ 1,000.00 36157REL5
A7 $ 32,951,000.00 $ 32,951,000.00 $ 1,000.00 36157REM3
A8 $ 60,141,355.00 $ 60,141,355.00 $ 1,000.00 36157REN1
SUP $ 491,594,602.97 $ 481,600,912.90 $ 818.80 GEC98004S
M $ 11,041,003.36 $ 11,031,970.99 $ 991.46 36157REQ4
B1 $ 5,371,164.83 $ 5,366,770.81 $ 991.46 36157RER2
B2 $ 2,685,086.29 $ 2,682,889.69 $ 991.46 36157RES0
B3 $ 2,387,404.89 $ 2,385,451.81 $ 991.46 36157RET8
B4 $ 1,193,503.98 $ 1,192,527.60 $ 991.46 36157REU5
B5 $ 1,789,243.70 $ 1,787,779.96 $ 991.46 36157REV3
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 13 Principal Balance $ 3,688,467.05
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 295,110.72
-------- -------------
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
-----------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A3 % 6.13749696
A4 % 11.02498205
A6 % 6.48749998
A7 % 7.53750005
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.9
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
JANUARY 1999
Home Equity Loan Pass-Through Certificates,
Series 1998-HE1
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
(1) Aggregate Monthly Payments Due: $1,257,581.65
-----------
(2) Aggregate Monthly Payments received and Monthly Advances made
this Month:
(a) Principal $207,609.76
-----------
(b) Interest $1,051,022.54
-----------
(c) Total $1,258,632.30
-----------
(3) Aggregate Principal Prepayments in part received on Self-
Amortizing Mortgage Loans and applied in the applicable
Prepayment Period:
(a) Principal $35,996.66
--------
(c) Total $35,996.66
--------
(4) Aggregate Principal Prepayments in full received in the
applicable Prepayment period:
(a) Principal $2,392,525.35
-----------
(b) Interest $21,293.80
-----------
(c) Total $2,413,819.15
-----------
(5) Aggregate Insurance Proceeds (inculding purchases of Mortgage
Loans by primary mortgage insurers) for prior month:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(6) Aggregate Liquidation Proceeds for prior month:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(7) Aggregate Purchase Prices for
Defaulted Mortgage Loans:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(8) Aggregate Purchase Prices for (and substitution adjustments) for
Defective Mortgage Loans:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(9) Aggregate Purchase Prices for for Document Deficiencies per Sec.
2.02
(a) Principal $0.00
-------------
(b) Interest $0.00
-------------
(c) Total $0.00
-------------
(10) Pool Principal Balance $134,975,533.13
-------------
(11) Available Funds: $3,637,291.40
-------------
(12) Realized Losses for prior month: $0.00
-------------
(13) Aggregate Realized Losses: $0.00
-------------
(a) Deficient Valuations $0.00
-------------
(b) Special Hazard Losses $0.00
-------------
(c) Fraud Losses $0.00
-------------
(d) Excess Bankruptcy Losses $0.00
-------------
(e) Excess Special Hazard Losses $0.00
-------------
(f ) Excess Fraud Losses $0.00
-------------
(14) Compensating Interest Payment: $2,197.29
-------------
(15) Net Simple Interest Shortfall: $0.00
-------------
(16) Net Simple Interest Excess: $0.00
-------------
(17) Simple Interest Shortfall Payment: $0.00
-------------
(18) Unpaid Net Simple Interest Shortfall:
Class A1 36158GAV0 $0.00
------------- ---------------------
Class A2 36158GAW8 $0.00
------------- ---------------------
Class A3 36158GAX6 $0.00
------------- ---------------------
Class A4 36158GAY4 $0.00
------------- ---------------------
Class A5 36158GAZ1 $0.00
------------- ---------------------
Class A6 36158GBA5 $0.00
------------- ---------------------
Class A7 36158GBB3 $0.00
------------- ---------------------
Class S 36198HE1 $0.00
------------- ---------------------
Class M 36158GBE7 $0.00
------------- ---------------------
Class B1 36158GBF4 $0.00
------------- ---------------------
Class B2 36158GBC2 $0.00
------------- ---------------------
Class B3 36157REZ4 $0.00
------------- ---------------------
Class B4 36157RFA8 $0.00
------------- ---------------------
Class B5 36157RFB6 $0.00
------------- ---------------------
(19) Class Certificate Interest Rate:
Class M 36158GBE7 6.950%
------------- ---------------------
Class B1 36158GBF4 7.240%
------------- ---------------------
Class B2 36158GBC2 7.590%
------------- ---------------------
Class B3 36157REZ4 8.901%
------------- ---------------------
Class B4 36157RFA8 8.901%
------------- ---------------------
Class B5 36157RFB6 8.901%
------------- ---------------------
Class S 36198HE1 2.29%
------------- ---------------------
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 36158GAV0 $135,344.36 6.525%
------------- --------------------
Class A2 36158GAW8 $102,768.33 6.260%
------------- --------------------
Class A3 36158GAX6 $117,105.00 6.330%
------------- --------------------
Class A4 36158GAY4 $56,886.67 6.440%
------------- --------------------
Class A5 36158GAZ1 $70,197.50 6.530%
------------- --------------------
Class A6 36158GBA5 $103,348.17 6.940%
------------- --------------------
Class A7 36158GBB3 $76,540.21 6.465%
------------- --------------------
Class S 36198HE1 $258,072.85 2.29%
------------- --------------------
Class M 36158GBE7 $22,128.30 6.950%
------------- --------------------
Class B1 36158GBF4 $20,747.66 7.240%
------------- --------------------
Class B2 36158GBC2 $9,667.65 7.590%
------------- --------------------
Class B3 36157REZ4 $11,337.09 8.901%
------------- --------------------
Class B4 36157RFA8 $8,504.65 8.901%
------------- --------------------
Class B5 36157RFB6 $8,511.19 8.901%
------------- --------------------
Total $1,001,159.63
(21) Principal distributable:
Class A1 36158GAV0 $2,616,735.45
------------- ---------------------
Class A2 36158GAW8 $0.00
------------- ---------------------
Class A3 36158GAX6 $0.00
------------- ---------------------
Class A4 36158GAY4 $0.00
------------- ---------------------
Class A5 36158GAZ1 $0.00
------------- ---------------------
Class A6 36158GBA5 $0.00
------------- ---------------------
Class A7 36158GBB3 $0.00
------------- ---------------------
Class M 36158GBE7 $5,876.62
------------- ---------------------
Class B1 36158GBF4 $5,289.26
------------- ---------------------
Class B2 36158GBC2 $2,350.95
------------- ---------------------
Class B3 36157REZ4 $2,350.95
------------- ---------------------
Class B4 36157RFA8 $1,763.59
------------- ---------------------
Class B5 36157RFB6 $1,764.95
------------- ---------------------
Class R1 36158GBC1 $0.00
------------- ---------------------
Class R2 36158GBD9 $0.00
------------- ---------------------
Total $2,636,131.77
(22) Additional distributions to the Class R1 Certificate pursuant to
Section 2.05 (d) : $0.00
-----
(23) Additional distributions to the Class R2 Certificate pursuant to
Section 4.01 (b) : $0.00
-----
B. Other Amounts:
1) Senior Percentage for such Distribution Date 90.657317%
----------
2) Senior Prepayment Percentage for such Distribution Date 100.00%
---------
3) Junior Percentage for such Distribution Date 9.342683%
---------
4) Junior Prepayment Percentage for such Distribution Date 0.00%
---------
5) Subordinate Certfificate Writedown Amount for such
Distribution Date $0.00
---------
6) Prepayment Distribution Triggers satisfied:
Yes No
Class B1 X
-----------------------------------
Class B2 X
-----------------------------------
Class B3 X
-----------------------------------
Class B4 X
-----------------------------------
Class B5 X
-----------------------------------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
- ------------------------------------------
Name: Tim Neer
Title: Vice President of Investor Operations
Exhibit 99.10
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
JANUARY 1999
Home Equity Loan Pass-Through Certificates,
Series 1998-HE1
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
The amounts below are for a Single Certificate of $1,000:
(1) Amount of distribution allocable to principal:
Class A1 36158GAV0 $58.67119837
---------------- ------
Class A2 36158GAW8 $0.00000000
---------------- ------
Class A3 36158GAX6 $0.00000000
---------------- ------
Class A4 36158GAY4 $0.00000000
---------------- ------
Class A5 36158GAZ1 $0.00000000
---------------- ------
Class A6 36158GBA5 $0.00000000
---------------- ------
Class A7 36158GBB3 $0.00000000
---------------- ------
Class M 36158GBE7 $1.51772167
---------------- ------
Class B1 36158GBF4 $1.51772167
---------------- ------
Class B2 36158GBC2 $1.51772167
---------------- ------
Class B3 36157REZ4 $1.51772167
---------------- ------
Class B4 36157RFA8 $1.51772167
---------------- ------
Class B5 36157RFB6 $1.51772167
---------------- ------
Class R1 36158GBC1 $0.00000000
---------------- ------
Class R2 36158GBD9 $0.00000000
---------------- ------
(2) Aggregate Principal prepayments included in distribution:
Class A1 36158GAV0 $2,428,522.01
---------------- -----------
Class A2 36158GAW8 $0.00000000
---------------- -----------
Class A3 36158GAX6 $0.00000000
---------------- -----------
Class A4 36158GAY4 $0.00000000
---------------- -----------
Class A5 36158GAZ1 $0.00000000
---------------- -----------
Class A6 36158GBA5 $0.00000000
---------------- -----------
Class A7 36158GBB3 $0.00000000
---------------- -----------
Class M 36158GBE7 $0.00000000
---------------- -----------
Class B1 36158GBF4 $0.00000000
---------------- -----------
Class B2 36158GBC2 $0.00000000
---------------- -----------
Class B3 36157REZ4 $0.00000000
---------------- -----------
Class B4 36157RFA8 $0.00000000
---------------- -----------
Class B5 36157RFB6 $0.00000000
---------------- -----------
Class R1 36158GBC1 $0.00000000
---------------- -----------
Class R2 36158GBD9 $0.00000000
---------------- -----------
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 36158GAV0 $3.03462681 6.525%
----------------------------------------------
Class A2 36158GAW8 $5.21666667 6.260%
----------------------------------------------
Class A3 36158GAX6 $5.27500000 6.330%
----------------------------------------------
Class A4 36158GAY4 $5.36666667 6.440%
----------------------------------------------
Class A5 36158GAZ1 $5.44166667 6.530%
----------------------------------------------
Class A6 36158GBA5 $5.78333333 6.940%
----------------------------------------------
Class A7 36158GBB3 $5.38750000 6.465%
----------------------------------------------
Class S 36198HE1 $1.91199726 2.29%
----------------------------------------------
Class M 36158GBE7 $5.71495258 6.950%
----------------------------------------------
Class B1 36158GBF4 $5.95341822 7.240%
----------------------------------------------
Class B2 36158GBC2 $6.24122159 7.590%
----------------------------------------------
Class B3 36157REZ4 $7.31897366 8.901%
----------------------------------------------
Class B4 36157RFA8 $7.31897366 8.901%
----------------------------------------------
Class B5 36157RFB6 $7.31897366 8.901%
----------------------------------------------
(4) Servicing Compensation: $63,183.49
--------
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $134,975,533.13
-------------
number of Mortgage
Loans: 1,976
-------------
(6) Class Certificate Principal Balance of each Class; Certificate
Principal Balance of Single Certificate of each class:
Single
Certificate
Class Cusip# Class Balance Balance
----------------------------------------------------------------
Class A1 36158GAV0 $22,274,180.57 $499.42108905
---------------------------------------------
Class A2 36158GAW8 $19,700,000.00 $1,000.00000000
---------------------------------------------
Class A3 36158GAX6 $22,200,000.00 $1,000.00000000
---------------------------------------------
Class A4 36158GAY4 $10,600,000.00 $1,000.00000000
---------------------------------------------
Class A5 36158GAZ1 $12,900,000.00 $1,000.00000000
---------------------------------------------
Class A6 36158GBA5 $17,870,000.00 $1,000.00000000
---------------------------------------------
Class A7 36158GBB3 $14,207,000.00 $1,000.00000000
---------------------------------------------
Class M 36158GBE7 $3,814,836.42 $985.23667999
---------------------------------------------
Class B1 36158GBF4 $3,433,549.83 $985.23667999
---------------------------------------------
Class B2 36158GBC2 $1,526,131.62 $985.23667999
---------------------------------------------
Class B3 36157REZ4 $1,526,131.62 $985.23667999
---------------------------------------------
Class B4 36157RFA8 $1,144,845.02 $985.23667999
---------------------------------------------
Class B5 36157RFB6 $1,145,726.28 $985.23667999
---------------------------------------------
Class R1 36158GBC1 $0.00 $0.00000000
---------------------------------------------
Class R2 36158GBD9 $0.00 $0.00000000
---------------------------------------------
(7) Book value of real estate acquired on behalf of Certificate-
holders; number of $0.00
---
related Mortgage Loans: 0
---
(8) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $1,207,689.42
-----------
23
-----------
Two Payments Delinquent $509,880.48
-----------
8
-----------
Three or more Payments Delinquent $168,653.43
-----------
2
-----------
TOTAL $1,886,223.33
-----------
33
-----------
In foreclosure $1,168,675.11
-----------
19
-----------
(9) Aggregate Scheduled Principal Balance and number of replaced
Mortgage Loans: $0.00
----
0
----
(10) Unpaid Net Simple Interest Shortfall:
Class A1 36157NFF6 $0.00
---------------- ------
Class A2 36157NFG4 $0.00
---------------- ------
Class A3 36157NFH2 $0.00
---------------- ------
Class A4 36157NFJ8 $0.00
---------------- ------
Class A5 36157NFK5 $0.00
---------------- ------
Class A6 36157NFL3 $0.00
---------------- ------
Class A7 36157NFM1 $0.00
---------------- ------
Class S 36197HE4 $0.00
---------------- ------
Class M 36157NFQ2 $0.00
---------------- ------
Class B1 36157NFR0 $0.00
---------------- ------
Class B2 36157NFS8 $0.00
---------------- ------
Class B3 36157NFT6 $0.00
---------------- ------
Class B4 36157NFU3 $0.00
---------------- ------
Class B5 36157NFV1 $0.00
---------------- ------
(11) Class Certificate Interest Rate of:
Class M 36157NFQ2 6.950%
---------------- ------
Class B1 36157NFR0 7.240%
---------------- ------
Class B2 36157NFS8 7.590%
---------------- ------
Class B3 36157NFT6 8.901%
---------------- ------
Class B4 36157NFU3 8.901%
---------------- ------
Class B5 36157NFV1 8.901%
---------------- ------
Class S 36197HE4 2.29%
---------------- ------
(12) Senior Percentage for such Distribution Date 90.657317%
----
(13) Senior Prepayment Percentage for such
Distribution Date 100.00%
----
(14) Junior Percentage for such Distribution Date 9.342683%
----
(15) Junior Prepayment Percentage
for such Distribution Date 0.00%
----
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
- ------------------------------------------------
Name: Tim Neer
Title: Vice President of Investor Operations
Exhibit 99.11
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-05, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 293,607.65
---------------
(b) Interest $ 2,194,529.80
---------------
(c) Total $ 2,488,137.45
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 255,323.04
---------------
(b) Interest $ 1,921,840.24
---------------
(c) Total $ 2,177,163.28
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 38,284.61
---------------
(b) Interest $ 272,689.56
---------------
(c) Total $ 310,974.17
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 240,134.40
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 9,617,432.17
---------------
(b) Interest $ 57,517.91
---------------
(c) Total $ 9,674,950.08
---------------
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: $ 351,667,154.95
---------------
13. Available Funds: $ 12,184,693.29
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
--------------
17. Compensating Interest Payment: $ 8,813.29
--------------
18. Total interest payments: $ 2,033,519.06
--------------
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 $ 1,505,107.02 $ 0.00 $ 1,505,107.02 % 6.749999998
A2 $ 71,055.00 $ 0.00 $ 71,055.00 % 6.750000000
A3 $ 239,517.05 $ 0.00 $ 239,517.05 % 6.749999982
A4 $ 118,659.38 $ 0.00 $ 118,659.38 % 6.750000284
M $ 45,871.03 $ 0.00 $ 45,871.03 % 6.750000470
B1 $ 19,836.12 $ 0.00 $ 19,836.12 % 6.749999700
B2 $ 11,157.82 $ 0.00 $ 11,157.82 % 6.750002908
B3 $ 9,918.06 $ 0.00 $ 9,918.06 % 6.749999681
B4 $ 4,959.02 $ 0.00 $ 4,959.02 % 6.749993688
B5 $ 7,438.56 $ 0.00 $ 7,438.56 % 6.750004117
20. Principal Distribution Amount: $10,151,174.23
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 363.46 $ 0.00
Class A1 $ 10,136,505.60 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 6,616.14 $ 0.00
Class B1 $ 2,861.03 $ 0.00
Class B2 $ 1,609.33 $ 0.00
Class B3 $ 1,430.52 $ 0.00
Class B4 $ 715.26 $ 0.00
Class B5 $ 1,072.89 $ 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: $ 85,405.40
-----------
3. Supplemental Servicing Fee amount: $ 146,140.64
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.122711 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: % 4.877289
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.12
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-05, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.487128
------------------------
Weighted average maturity 346.83
------------------------
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 $ 1.06080683 $ 0.16715019 $ 0.00000000 %0.00000000
A1 $29.00286232 $ 28.20459005 $ 4.30645564 %6.75000000
A2 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A3 $ 0.00000000 $ 0.00000000 $ 5.62499999 %6.74999998
A4 $ 0.00000000 $ 0.00000000 $ 5.62500024 %6.75000028
M $ 0.80563994 $ 0.00000000 $ 5.58566386 %6.75000047
B1 $ 0.80563891 $ 0.00000000 $ 5.58566321 %6.74999970
B2 $ 0.80563942 $ 0.00000000 $ 5.58566586 %6.75000291
B3 $ 0.80564172 $ 0.00000000 $ 5.58566321 %6.74999968
B4 $ 0.80564263 $ 0.00000000 $ 5.58565824 %6.74999369
B5 $ 0.80564063 $ 0.00000000 $ 5.58566689 %6.75000412
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 85,405.40
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $351,667,154.95
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,167
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36158GAK4
PO $ 303,831.32 $ 303,467.86 $ 885.71 GEC9805PO
A1 $ 267,574,581.41 $ 257,438,075.81 $ 736.59 36158GAF5
A2 $ 12,632,000.00 $ 12,632,000.00 $ 1,000.00 36158GAG3
A3 $ 42,580,809.00 $ 42,580,809.00 $ 1,000.00 36158GAH1
A4 $ 21,095,000.00 $ 21,095,000.00 $ 1,000.00 36158GAJ7
SUP $ 346,782,590.98 $ 336,649,979.58 $ 787.24 GEC98005S
M $ 8,154,849.21 $ 8,148,233.07 $ 992.20 36158GAL2
B1 $ 3,526,421.49 $ 3,523,560.46 $ 992.20 36158GAM0
B2 $ 1,983,611.59 $ 1,982,002.26 $ 992.20 36158GAN8
B3 $ 1,763,210.75 $ 1,761,780.23 $ 992.20 36157REW1
B4 $ 881,604.38 $ 880,889.12 $ 992.20 36157REX9
B5 $ 1,322,409.86 $ 1,321,336.97 $ 992.20 36157REY7
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 7 Principal Balance $ 1,745,620.06
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 637,546.41
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.13
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-6A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 142,982.96
---------------
(b) Interest $ 1,060,974.27
---------------
(c) Total $ 1,203,957.23
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 111,106.19
---------------
(b) Interest $ 825,531.89
---------------
(c) Total $ 936,638.08
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 31,876.77
---------------
(b) Interest $ 235,442.38
---------------
(c) Total $ 267,319.15
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 31,965.11
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 5,488,998.76
---------------
(b) Interest $ 33,787.74
---------------
(c) Total $ 5,522,786.50
---------------
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: $ 171,459,296.40
---------------
13. Available Funds: $ 6,659,250.72
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
--------------
17. Compensating Interest Payment: $ 3,799.74
--------------
18. Total interest payments: $ 995,303.87
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
1PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
1A1 $ 582,011.18 $ 0.00 $ 582,011.18 %6.749999991
1A2 $ 182,835.00 $ 0.00 $ 182,835.00 %6.750000000
1A3 $ 43,520.58 $ 0.00 $ 43,520.58 %6.487499581
1A4 $ 16,854.79 $ 0.00 $ 16,854.79 %7.537499022
1A5 $ 23,062.50 $ 0.00 $ 23,062.50 %6.750000000
1A6 $ 101,700.00 $ 0.00 $ 101,700.00 %6.750000000
1R $ 0.00 $ 0.00 $ 0.00 %0.000000000
1M $ 20,961.99 $ 0.00 $ 20,961.99 %6.750000562
1B1 $ 9,065.10 $ 0.00 $ 9,065.10 %6.750002653
1B2 $ 5,099.47 $ 0.00 $ 5,099.47 %6.750005543
1B3 $ 4,529.76 $ 0.00 $ 4,529.76 %6.750006678
1B4 $ 2,265.99 $ 0.00 $ 2,265.99 %6.749985534
1B5 $ 3,397.51 $ 0.00 $ 3,397.51 %6.750006904
20. Principal Distribution Amount: $ 5,663,946.85
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 191.59 $ 0.00
Class 1A1 $ 5,657,252.28 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class 1A6 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1M $ 3,007.85 $ 0.00
Class 1B1 $ 1,300.76 $ 0.00
Class 1B2 $ 731.73 $ 0.00
Class 1B3 $ 649.98 $ 0.00
Class 1B4 $ 325.15 $ 0.00
Class 1B5 $ 487.51 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 1A3 % 6.48749958
Class 1A4 % 7.53749902
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied:
Yes No
--- --
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 42,320.98
----------
3. Supplemental Servicing Fee amount: $ 62,446.34
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 95.446636 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: % 4.553364
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
--------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.14
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-6A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.426206
----------------------
Weighted average maturity 348.06
----------------------
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
----- ----------- ----------- ----------- -----------
1PO $ 1.05346215 $ 0.13955253 $ 0.00000000 %0.00000000
1A1 $ 43.80848315 $ 42.75289997 $ 4.50696305 %6.74999999
1A2 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
1A3 $ 0.00000000 $ 0.00000000 $ 5.40624965 %6.48749958
1A4 $ 0.00000000 $ 0.00000000 $ 6.28124918 %7.53749902
1A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
1A6 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
1R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
1M $ 0.80145217 $ 0.00000000 $ 5.58539568 %6.75000056
1B1 $ 0.80145410 $ 0.00000000 $ 5.58539741 %6.75000265
1B2 $ 0.80145674 $ 0.00000000 $ 5.58539978 %6.75000554
1B3 $ 0.80145499 $ 0.00000000 $ 5.58540074 %6.75000668
1B4 $ 0.80145428 $ 0.00000000 $ 5.58538329 %6.74998553
1B5 $ 0.80145130 $ 0.00000000 $ 5.58540090 %6.75000690
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 42,320.98
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 171,459,296.40
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 559
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
1PO $ 180,334.21 $ 180,142.63 $ 990.52 GEC986PO1
1A1 $ 103,468,654.36 $ 97,811,402.08 $ 757.43 36158GBH0
1A2 $ 32,504,000.00 $ 32,504,000.00 $ 1,000.00 36158GBJ6
1A3 $ 8,050,050.00 $ 8,050,050.00 $ 1,000.00 36158GBK3
1A4 $ 2,683,350.00 $ 2,683,350.00 $ 1,000.00 36158GBL1
1A5 $ 4,100,000.00 $ 4,100,000.00 $ 1,000.00 36158GBM9
1A6 $ 18,080,000.00 $ 18,080,000.00 $ 1,000.00 36158GBN7
SUP1 $ 168,777,182.76 $ 163,123,283.70 $ 838.98 GE986SUP1
1R $ 0.00 $ 0.00 $ 0.00 36158GCD8
1M $ 3,726,575.69 $ 3,723,567.84 $ 992.16 36158GBP2
1B1 $ 1,611,572.70 $ 1,610,271.95 $ 992.16 36158GBQ0
1B2 $ 906,571.70 $ 905,839.98 $ 992.16 36158GBR8
1B3 $ 805,289.87 $ 804,639.89 $ 992.16 36158GCE6
1B4 $ 402,843.53 $ 402,518.38 $ 992.16 36158GCF3
1B5 $ 604,001.16 $ 603,513.65 $ 992.16 36158GCG1
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 3 Principal Balance $ 824,468.83
-------- -----------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -----------
3. 90 days or more
Number 1 Principal Balance $ 264,859.25
-------- -----------
4. In Foreclosure
Number 2 Principal Balance $ 530,994.49
-------- -----------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -----------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
1A3 % 6.48749958
1A4 % 7.53749902
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
---------------
2. Bankruptcy Loss Amount: $ 0.00
---------------
3. Fraud Loss Amount: $ 0.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class 1A5_1 $ 0.00
Class 1A5_2 $ 0.00
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class 1A5_1 $ 1,780,000.00
Class 1A5_2 $ 2,320,000.00
Exhibit 99.15
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-6B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 221,819.68
---------------
(b) Interest $ 1,648,387.88
---------------
(c) Total $ 1,870,207.56
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 188,138.81
---------------
(b) Interest $ 1,396,023.54
---------------
(c) Total $ 1,584,162.35
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 33,680.87
---------------
(b) Interest $ 252,364.34
---------------
(c) Total $ 286,045.21
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 56,947.76
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 8,430,152.78
---------------
(b) Interest $ 53,536.17
---------------
(c) Total $ 8,483,688.95
---------------
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 $ 291,955.29
---------------
(b) Interest $ 388.86
---------------
(c) Total $ 292,344.15
---------------
12. Pool Scheduled Principal Balance: $ 266,060,814.91
---------------
13. Available Funds: $ 10,547,139.73
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
---------------
17. Compensating Interest Payment: $ 7,523.59
---------------
18. Total interest payments: $ 1,546,264.23
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
2PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
2A1 $ 0.00 $ 0.00 $ 0.00 %0.000000000
2A2 $ 338,925.01 $ 0.00 $ 338,925.01 %6.750000072
2A3 $ 562,028.78 $ 0.00 $ 562,028.78 %6.750000040
2A4 $ 112,222.87 $ 0.00 $ 112,222.87 %6.749999822
2A5 $ 90,759.38 $ 0.00 $ 90,759.38 %6.750000372
2A6 $ 134,502.09 $ 0.00 $ 134,502.09 %6.487499819
2A7 $ 52,090.41 $ 0.00 $ 52,090.41 %7.537500543
2A8 $ 182,812.50 $ 0.00 $ 182,812.50 %6.750000000
2M $ 33,725.92 $ 0.00 $ 33,725.92 %6.749999934
2B1 $ 14,584.03 $ 0.00 $ 14,584.03 %6.749999621
2B2 $ 8,205.26 $ 0.00 $ 8,205.26 %6.749997681
2B3 $ 7,292.02 $ 0.00 $ 7,292.02 %6.750004275
2B4 $ 3,646.01 $ 0.00 $ 3,646.01 %6.750004223
2B5 $ 5,469.95 $ 0.00 $ 5,469.95 %6.749999483
20. Principal Distribution Amount: $ 9,000,875.50
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 173.78 $ 0.00
Class 2A1 $ 0.00 $ 0.00
Class 2A2 $ 3,499,268.99 $ 0.00
Class 2A3 $ 4,577,056.92 $ 0.00
Class 2A4 $ 913,922.02 $ 0.00
Class 2A5 $ 0.00 $ 0.00
Class 2A6 $ 0.00 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class 2A8 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2M $ 4,834.72 $ 0.00
Class 2B1 $ 2,090.67 $ 0.00
Class 2B2 $ 1,176.25 $ 0.00
Class 2B3 $ 1,045.34 $ 0.00
Class 2B4 $ 522.67 $ 0.00
Class 2B5 $ 784.14 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
----------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 2A6 % 6.48749982
Class 2A7 % 7.53750054
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied:
Yes No
--- --
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 65,197.43
-----------
3. Supplemental Servicing Fee amount: $ 98,856.25
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.283912 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: % 4.716088
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.16
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-6B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.434507
-------------------------
Weighted average maturity 347.44
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
2PO $ 1.01110128 $ 0.09495438 $ 0.00000000 %0.00000000
2A1 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
2A2 $ 43.63450327 $ 42.60939535 $ 4.22626111 %6.75000007
2A3 $ 36.32584857 $ 35.47244325 $ 4.46054587 %6.75000004
2A4 $ 41.71445616 $ 40.73445616 $ 5.12222694 %6.74999982
2A5 $ 0.00000000 $ 0.00000000 $ 5.62500031 %6.75000037
2A6 $ 0.00000000 $ 0.00000000 $ 5.40624985 %6.48749982
2A7 $ 0.00000000 $ 0.00000000 $ 6.28125045 %7.53750054
2A8 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2M $ 0.80071547 $ 0.00000000 $ 5.58561113 %6.74999993
2B1 $ 0.80071620 $ 0.00000000 $ 5.58561088 %6.74999962
2B2 $ 0.80071477 $ 0.00000000 $ 5.58560926 %6.74999768
2B3 $ 0.80072003 $ 0.00000000 $ 5.58561471 %6.75000428
2B4 $ 0.80072003 $ 0.00000000 $ 5.58561471 %6.75000422
2B5 $ 0.80072045 $ 0.00000000 $ 5.58561074 %6.74999948
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:
$ 65,197.43
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 266,060,814.91
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 863
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
2PO $ 170,273.80 $ 170,100.01 $ 989.69 GEC986PO2
2A1 $ 0.00 $ 0.00 $ 0.00 36158GBS6
2A2 $ 60,253,334.47 $ 56,754,065.48 $ 707.70 36158GBT4
2A3 $ 99,916,226.96 $ 95,339,170.04 $ 756.66 36158GBU1
2A4 $ 19,950,732.97 $ 19,036,810.94 $ 868.90 36158GBV9
2A5 $ 16,135,000.00 $ 16,135,000.00 $ 1,000.00 36158GBW7
2A6 $ 24,879,000.00 $ 24,879,000.00 $ 1,000.00 36158GBX5
2A7 $ 8,293,000.00 $ 8,293,000.00 $ 1,000.00 36158GBY3
2A8 $ 32,500,000.00 $ 32,500,000.00 $ 1,000.00 36158GBZ0
SUP2 $ 265,627,136.54 $ 256,635,913.19 $ 809.91 GE986SUP2
2M $ 5,995,719.17 $ 5,990,884.44 $ 992.20 36158GCA4
2B1 $ 2,592,716.59 $ 2,590,625.92 $ 992.20 36158GCB2
2B2 $ 1,458,713.39 $ 1,457,537.14 $ 992.20 36158GCC0
2B3 $ 1,296,358.29 $ 1,295,312.96 $ 992.20 36158GCH9
2B4 $ 648,179.15 $ 647,656.48 $ 992.20 36158GCJ5
2B5 $ 972,435.63 $ 971,651.50 $ 992.20 36158GCK2
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 6 Principal Balance $ 2,026,463.75
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 295,157.89
-------- -------------
3. 90 days or more
Number 2 Principal Balance $ 454,961.99
-------- -------------
4. In Foreclosure
Number 1 Principal Balance $ 286,840.43
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
2A6 % 6.48749982
2A7 % 7.53750054
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
---------------
2. Bankruptcy Loss Amount: $ 0.00
---------------
3. Fraud Loss Amount: $ 0.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class N/A $ N/A
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class N/A $ N/A
Exhibit 99.17
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-07, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 503,443.09
---------------
(b) Interest $ 852,986.06
---------------
(c) Total $ 1,356,429.15
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 329,514.47
---------------
(b) Interest $ 563,600.11
---------------
(c) Total $ 893,114.58
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 173,928.62
---------------
(b) Interest $ 289,385.95
---------------
(c) Total $ 463,314.57
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 76,404.46
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,863,565.29
---------------
(b) Interest $ 17,037.56
---------------
(c) Total $ 2,880,602.85
---------------
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: $ 142,236,509.91
---------------
13. Available Funds: $ 4,230,987.21
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
--------------
17. Compensating Interest Payment: $ 2,293.60
--------------
18. Total interest payments: $ 787,574.37
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A $ 767,095.94 $ 0.00 $ 767,095.94 % 6.499999994
M $ 9,104.11 $ 0.00 $ 9,104.11 % 6.499999417
B1 $ 2,274.86 $ 0.00 $ 2,274.86 % 6.499987523
B2 $ 2,274.86 $ 0.00 $ 2,274.86 % 6.499987523
B3 $ 3,639.78 $ 0.00 $ 3,639.78 % 6.499998400
B4 $ 1,819.89 $ 0.00 $ 1,819.89 % 6.499998303
B5 $ 1,364.93 $ 0.00 $ 1,364.93 % 6.499991666
20. Principal Distribution Amount: $ 3,443,412.84
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,090.21 $ 0.00
Class A $ 3,429,258.96 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 5,807.72 $ 0.00
Class B1 $ 1,451.19 $ 0.00
Class B2 $ 1,451.19 $ 0.00
Class B3 $ 2,321.90 $ 0.00
Class B4 $ 1,160.95 $ 0.00
Class B5 $ 870.72 $ 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: $ 34,689.55
----------
3. Supplemental Servicing Fee amount: $ 51,434.76
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 97.399808 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: % 2.600192
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.18
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-07, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.175268
-----------------------
Weighted average maturity 167.60
-----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
PO $ 3.72132317 $ 0.19975219 $ 0.00000000 % 0.00000000
A $ 20.30709398 $ 17.40931622 $ 4.54252348 % 6.49999999
M $ 3.35423091 $ 0.00000000 $ 5.25805086 % 6.49999942
B1 $ 3.35423582 $ 0.00000000 $ 5.25804125 % 6.49998752
B2 $ 3.35423582 $ 0.00000000 $ 5.25804125 % 6.49998752
B3 $ 3.35423197 $ 0.00000000 $ 5.25805007 % 6.49999840
B4 $ 3.35423197 $ 0.00000000 $ 5.25805007 % 6.49999830
B5 $ 3.35422650 $ 0.00000000 $ 5.25804434 % 6.49999167
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 34,689.55
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 142,236,509.91
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 452
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36158GAB4
PO $ 281,574.93 $ 280,484.72 $ 957.41 GEC9807PO
A $ 141,617,712.12 $ 138,188,453.15 $ 818.31 36158GAA6
SUP $ 135,983,175.22 $ 132,576,716.70 $ 814.78 GEC987SUP
M $ 1,680,758.92 $ 1,674,951.20 $ 967.36 36158GAC2
B1 $ 419,974.96 $ 418,523.77 $ 967.36 36158GAD0
B2 $ 419,974.96 $ 418,523.77 $ 967.36 36158GAE8
B3 $ 671,959.55 $ 669,637.65 $ 967.36 36158GAP3
B4 $ 335,979.78 $ 334,818.83 $ 967.36 36158GAQ1
B5 $ 251,987.40 $ 251,116.68 $ 967.36 36158GAR9
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 4 Principal Balance $ 1,123,796.69
-------- -------------
2. 60-89 days
Number 2 Principal Balance $ 691,718.07
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
---------------
2. Bankruptcy Loss Amount: $ 0.00
---------------
3. Fraud Loss Amount: $ 0.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.19
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-08A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 366,001.46
--------------
(b) Interest $ 2,686,900.15
--------------
(c) Total $ 3,052,901.61
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 334,751.94
--------------
(b) Interest $ 2,454,867.09
--------------
(c) Total $ 2,789,619.03
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 31,249.52
--------------
(b) Interest $ 232,033.06
--------------
(c) Total $ 263,282.58
--------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 93,058.17
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 8,327,339.88
--------------
(b) Interest $ 50,510.16
--------------
(c) Total $ 8,377,850.04
--------------
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: $ 434,442,512.87
---------------
13. Available Funds: $ 11,276,644.17
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
---------------
17. Compensating Interest Payment: $ 5,542.96
---------------
18. Total interest payments: $ 2,490,244.67
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
1PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
1A1 $ 990,236.31 $ 0.00 $ 990,236.31 %6.749999998
1A2 $ 13,867.79 $ 0.00 $ 13,867.79 %6.749997642
1A3 $ 1,069,431.88 $ 0.00 $ 1,069,431.88 %6.749999981
1A4 $ 134,628.27 $ 0.00 $ 134,628.27 %6.750000188
1A5 $ 163,125.00 $ 0.00 $ 163,125.00 %6.750000000
1R $ 0.00 $ 0.00 $ 0.00 %0.000000000
1M $ 58,777.25 $ 0.00 $ 58,777.25 %6.750000206
1B1 $ 22,390.80 $ 0.00 $ 22,390.80 %6.749999893
1B2 $ 12,592.73 $ 0.00 $ 12,592.73 %6.750000439
1B3 $ 11,195.40 $ 0.00 $ 11,195.40 %6.749999910
1B4 $ 5,600.49 $ 0.00 $ 5,600.49 %6.749994283
1B5 $ 8,398.75 $ 0.00 $ 8,398.75 %6.749998016
20. Principal Distribution Amount: $ 8,786,399.50
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 778.55 $ 0.00
Class 1A1 $ 3,661,532.35 $ 0.00
Class 1A2 $ 81,706.07 $ 0.00
Class 1A3 $ 5,024,923.50 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1M $ 8,626.71 $ 0.00
Class 1B1 $ 3,286.29 $ 0.00
Class 1B2 $ 1,848.23 $ 0.00
Class 1B3 $ 1,643.14 $ 0.00
Class 1B4 $ 821.98 $ 0.00
Class 1B5 $ 1,232.68 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 103,940.85
-----------
3. Supplemental Servicing Fee amount: $ 155,327.16
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.223143 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: % 4.776857
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.20
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-08A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.417467
------------------------
Weighted average maturity 347.49
------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
1PO $ 1.47177808 $ 0.50912501 $ 0.00000000 % 0.00000000
1A1 $ 18.30766175 $ 17.58097875 $ 4.95118155 % 6.75000000
1A2 $ 27.23535667 $ 26.15431000 $ 4.62259667 % 6.74999764
1A3 $ 22.53328924 $ 21.63887915 $ 4.79565865 % 6.74999998
1A4 $ 0.00000000 $ 0.00000000 $ 5.62500016 % 6.75000019
1A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1M $ 0.82034138 $ 0.00000000 $ 5.58931628 % 6.75000021
1B1 $ 0.82034199 $ 0.00000000 $ 5.58931603 % 6.74999989
1B2 $ 0.82034177 $ 0.00000000 $ 5.58931647 % 6.75000044
1B3 $ 0.82033949 $ 0.00000000 $ 5.58931603 % 6.74999991
1B4 $ 0.82033932 $ 0.00000000 $ 5.58931138 % 6.74999428
1B5 $ 0.82034066 $ 0.00000000 $ 5.58931446 % 6.74999802
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 103,940.85
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 434,442,512.87
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,454
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
1PO $ 518,747.12 $ 517,968.58 $ 979.17 GEC9881PO
1A1 $ 176,042,010.71 $ 172,380,478.36 $ 861.90 36157RFC4
1A2 $ 2,465,385.75 $ 2,383,679.68 $ 794.56 36157RFD2
1A3 $ 190,121,223.65 $ 185,096,300.15 $ 830.03 36157RFE0
1A4 $ 23,933,914.00 $ 23,933,914.00 $ 1,000.00 36157RFF7
1A5 $ 29,000,000.00 $ 29,000,000.00 $ 1,000.00 36157RFG5
SUP1 $ 419,679,727.19 $ 410,925,174.19 $ 862.30 GE988SUP1
1R $ 0.00 $ 0.00 $ 0.00 36157RFL4
1M $ 10,449,288.57 $ 10,440,661.86 $ 992.84 36157RFH3
1B1 $ 3,980,586.73 $ 3,977,300.44 $ 992.84 36157RFJ9
1B2 $ 2,238,707.41 $ 2,236,859.18 $ 992.84 36157RFK6
1B3 $ 1,990,293.36 $ 1,988,650.22 $ 992.84 36158GCL0
1B4 $ 995,643.51 $ 994,821.53 $ 992.84 36158GCM8
1B5 $ 1,493,111.55 $ 1,491,878.87 $ 992.84 36158GCN6
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 9 Principal Balance $ 2,912,331.84
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 242,607.45
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.21
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-08B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 123,648.74
---------------
(b) Interest $ 926,588.64
---------------
(c) Total $ 1,050,237.38
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 116,313.45
---------------
(b) Interest $ 870,475.95
---------------
(c) Total $ 986,789.40
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 7,335.29
---------------
(b) Interest $ 56,112.69
---------------
(c) Total $ 63,447.98
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 25,703.36
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,480,562.65
---------------
(b) Interest $ 15,251.94
---------------
(c) Total $ 2,495,814.59
---------------
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: $ 149,954,977.78
---------------
13. Available Funds: $ 3,487,855.71
---------------
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: $ 2,584.20
---------------
18. Total interest payments: $ 857,940.96
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
2PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 335,188.40 $ 0.00 $ 335,188.40 % 6.750000002
2A2 $ 88,229.17 $ 0.00 $ 88,229.17 % 7.000000264
2A3 $ 14,583.33 $ 0.00 $ 14,583.33 % 6.999998400
2A4 $ 16,041.67 $ 0.00 $ 16,041.67 % 7.000001455
2A5 $ 24,062.50 $ 0.00 $ 24,062.50 % 7.000000000
2A6 $ 25,211.49 $ 0.00 $ 25,211.49 % 7.000001157
2A7 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A8 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A9 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A10 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A11 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A12 $ 58,587.58 $ 0.00 $ 58,587.58 % 6.200000335
2A13 $ 51,666.67 $ 0.00 $ 51,666.67 % 6.200000400
2A14 $ 98,437.50 $ 0.00 $ 98,437.50 % 6.750000000
2R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2M $ 19,118.26 $ 0.00 $ 19,118.26 % 6.749999936
2B1 $ 7,842.96 $ 0.00 $ 7,842.96 % 6.750001065
2B2 $ 3,924.27 $ 0.00 $ 3,924.27 % 6.749992356
2B3 $ 3,924.27 $ 0.00 $ 3,924.27 % 6.749992356
2B4 $ 1,956.55 $ 0.00 $ 1,956.55 % 6.750010113
2B5 $ 3,437.19 $ 0.00 $ 3,437.19 % 6.750001326
20. Principal Distribution Amount: $ 2,629,914.75
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 72.00 $ 0.00
Class 2A1 $ 2,624,051.16 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 0.00 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 0.00 $ 0.00
Class 2A6 $ 0.00 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class 2A8 $ 0.00 $ 0.00
Class 2A9 $ 0.00 $ 0.00
Class 2A10 $ 0.00 $ 0.00
Class 2A11 $ 0.00 $ 0.00
Class 2A12 $ 0.00 $ 0.00
Class 2A13 $ 0.00 $ 0.00
Class 2A14 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2M $ 2,754.12 $ 0.00
Class 2B1 $ 1,129.83 $ 0.00
Class 2B2 $ 565.32 $ 0.00
Class 2B3 $ 565.32 $ 0.00
Class 2B4 $ 281.85 $ 0.00
Class 2B5 $ 495.15 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
-----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 34,552.32
----------
3. Supplemental Servicing Fee amount: $ 52,068.00
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 95.313954 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: % 4.686046
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.22
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-08B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.412522
-----------------------
Weighted average maturity 348.90
-----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
2PO $ 1.14999441 $ 0.24756824 $ 0.00000000 % 0.00000000
2A1 $ 31.86476846 $ 30.43427408 $ 4.07030965 % 6.75000000
2A2 $ 0.00000000 $ 0.00000000 $ 5.83333355 % 7.00000026
2A3 $ 0.00000000 $ 0.00000000 $ 5.83333200 % 6.99999840
2A4 $ 0.00000000 $ 0.00000000 $ 5.83333455 % 7.00000145
2A5 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
2A6 $ 0.00000000 $ 0.00000000 $ 5.83333430 % 7.00000116
2A7 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A8 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A9 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A10 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A11 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A12 $ 0.00000000 $ 0.00000000 $ 5.16666695 % 6.20000034
2A13 $ 0.00000000 $ 0.00000000 $ 5.16666700 % 6.20000040
2A14 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2M $ 0.80529825 $ 0.00000000 $ 5.59013450 % 6.74999994
2B1 $ 0.80529579 $ 0.00000000 $ 5.59013542 % 6.75000107
2B2 $ 0.80529915 $ 0.00000000 $ 5.59012821 % 6.74999236
2B3 $ 0.80529915 $ 0.00000000 $ 5.59012821 % 6.74999236
2B4 $ 0.80528571 $ 0.00000000 $ 5.59014286 % 6.75001011
2B5 $ 0.80529609 $ 0.00000000 $ 5.59013566 % 6.75000133
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 34,552.32
------------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 149,954,977.78
------------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 481
------------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
2PO $ 62,054.01 $ 61,982.01 $ 989.99 GEC9882PO
2A1 $ 59,589,048.87 $ 56,964,997.71 $ 691.75 36157RFM2
2A2 $ 15,125,000.00 $ 15,125,000.00 $ 1,000.00 36157RFN0
2A3 $ 2,500,000.00 $ 2,500,000.00 $ 1,000.00 36157RFP5
2A4 $ 2,750,000.00 $ 2,750,000.00 $ 1,000.00 36157RFQ3
2A5 $ 4,125,000.00 $ 4,125,000.00 $ 1,000.00 36157RFR1
2A6 $ 4,321,969.00 $ 4,321,969.00 $ 1,000.00 36157RFS9
2A7 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFT7
2A8 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFU4
2A9 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFV2
2A10 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFW0
2A11 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFX8
2A12 $ 11,339,531.00 $ 11,339,531.00 $ 1,000.00 36157RFY6
2A13 $ 10,000,000.00 $ 10,000,000.00 $ 1,000.00 36157RFZ3
2A14 $ 17,500,000.00 $ 17,500,000.00 $ 1,000.00 36157RGA7
SUP2 $ 148,222,522.77 $ 145,597,828.45 $ 851.51 GE988SUP2
2R $ 0.00 $ 0.00 $ 0.00 36157RGE9
2M $ 3,398,801.81 $ 3,396,047.69 $ 993.00 36157RGB5
2B1 $ 1,394,303.78 $ 1,393,173.95 $ 993.00 36157RGC3
2B2 $ 697,648.79 $ 697,083.47 $ 993.00 36157RGD1
2B3 $ 697,648.79 $ 697,083.47 $ 993.00 36158GCP1
2B4 $ 347,830.59 $ 347,548.74 $ 993.00 36158GCQ9
2B5 $ 611,055.88 $ 610,560.73 $ 993.00 36158GCR7
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- -----------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -----------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -----------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -----------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -----------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
---------------
2. Bankruptcy Loss Amount: $ 0.00
---------------
3. Fraud Loss Amount: $ 0.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.23
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-09, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 570,670.52
---------------
(b) Interest $ 4,131,239.77
---------------
(c) Total $ 4,701,910.29
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 525,273.51
---------------
(b) Interest $ 3,800,465.81
---------------
(c) Total $ 4,325,739.32
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 45,397.01
---------------
(b) Interest $ 330,773.96
---------------
(c) Total $ 376,170.97
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 233,556.11
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 11,937,156.09
---------------
(b) Interest $ 73,235.34
---------------
(c) Total $ 12,010,391.43
---------------
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: $ 671,716,862.05
---------------
13. Available Funds: $ 16,586,964.07
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
---------------
17. Compensating Interest Payment: $ 15,124.97
---------------
18. Total interest payments: $ 3,845,581.35
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 264,722.72 $ 0.00 $ 264,722.72 % 6.500000102
A2 $ 295,959.73 $ 0.00 $ 295,959.73 % 6.499999927
A3 $ 1,037,210.86 $ 0.00 $1,037,210.86 % 6.999999985
A4 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A5 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A6 $ 76,265.78 $ 0.00 $ 76,265.78 % 6.496560339
A7 $ 29,085.00 $ 0.00 $ 29,085.00 % 7.000000000
A8 $ 287,859.38 $ 0.00 $ 287,859.38 % 6.750000117
A10 $ 799,393.43 $ 0.00 $ 799,393.43 % 6.750000011
A11 $ 113,917.50 $ 0.00 $ 113,917.50 % 6.750000000
A12 $ 128,700.00 $ 0.00 $ 128,700.00 % 6.750000000
A13 $ 130,481.72 $ 0.00 $ 130,481.72 % 6.750000065
A14 $ 29,166.67 $ 0.00 $ 29,166.67 % 7.000000800
A15 $ 178,750.00 $ 0.00 $ 178,750.00 % 6.500000000
A9 $ 28,439.71 $ 0.00 $ 28,439.71 % 6.750000593
A16 $ 23,519.20 $ 0.00 $ 23,519.20 % 7.727552878
A17 $ 125,966.81 $ 0.00 $ 125,966.81 % 6.749999866
A18 $ 55,575.00 $ 0.00 $ 55,575.00 % 6.750000000
A19 $ 72,406.40 $ 0.00 $ 72,406.40 % 6.750000466
RL $ 0.00 $ 0.00 $ 0.00 % 0.000000000
M $ 77,773.97 $ 0.00 $ 77,773.97 % 6.749999925
B1 $ 33,632.14 $ 0.00 $ 33,632.14 % 6.750000283
B2 $ 18,916.33 $ 0.00 $ 18,916.33 % 6.749999982
B3 $ 16,818.87 $ 0.00 $ 16,818.87 % 6.750001656
B4 $ 8,406.64 $ 0.00 $ 8,406.64 % 6.750002971
B5 $ 12,613.48 $ 0.00 $ 12,613.48 % 6.749998298
20. Principal Distribution Amount: $12,741,382.72
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,041.25 $ 0.00
Class A1 $ 0.00 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 8,254,983.73 $ 0.00
Class A4 $ 305,740.15 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A10 $ 4,154,697.03 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class A13 $ 0.00 $ 0.00
Class A14 $ 0.00 $ 0.00
Class A15 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A16 $ 0.00 $ 0.00
Class A17 $ 0.00 $ 0.00
Class A18 $ 0.00 $ 0.00
Class A19 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 11,525.65 $ 0.00
Class B1 $ 4,984.09 $ 0.00
Class B2 $ 2,803.29 $ 0.00
Class B3 $ 2,492.46 $ 0.00
Class B4 $ 1,245.82 $ 0.00
Class B5 $ 1,869.25 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.01
-----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-----------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A6 % 6.49656034
Class A16 % 7.72755288
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: $ 158,585.58
-----------
3. Supplemental Servicing Fee amount: $ 217,811.57
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.627152 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: % 4.372848
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Vice President
Investor Operations
Exhibit 99.24
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-09, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.37742
-----------------------
Weighted average maturity 347.96
-----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.10000000 % 0.00000000
PO $ 1.27442989 $ 0.32275358 $ 0.00000000 % 0.00000000
A1 $ 0.00000000 $ 0.00000000 $ 5.41666675 % 6.50000010
A2 $ 0.00000000 $ 0.00000000 $ 5.41666661 % 6.49999993
A3 $ 40.66079548 $ 38.91810744 $ 5.10889180 % 6.99999998
A4 $ 38.75456498 $ 37.09357637 $ 0.00000000 % 0.00000000
A5 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A6 $ 0.00000000 $ 0.00000000 $ 5.41380028 % 6.49656034
A7 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A8 $ 0.00000000 $ 0.00000000 $ 5.62500010 % 6.75000012
A10 $ 25.33345931 $ 24.24768825 $ 4.87433880 % 6.75000001
A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A12 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A13 $ 0.00000000 $ 0.00000000 $ 5.62500005 % 6.75000006
A14 $ 0.00000000 $ 0.00000000 $ 5.83333400 % 7.00000080
A15 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
A9 $ 0.00000000 $ 0.00000000 $ 5.62500049 % 6.75000059
A16 $ 0.00000000 $ 0.00000000 $ 6.43962740 % 7.72755288
A17 $ 0.00000000 $ 0.00000000 $ 5.62499989 % 6.74999987
A18 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A19 $ 0.00000000 $ 0.00000000 $ 5.62500039 % 6.75000047
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
M $ 0.82888529 $ 0.00000000 $ 5.59323768 % 6.74999992
B1 $ 0.82888575 $ 0.00000000 $ 5.59323798 % 6.75000028
B2 $ 0.82888527 $ 0.00000000 $ 5.59323773 % 6.74999998
B3 $ 0.82888593 $ 0.00000000 $ 5.59323911 % 6.75000166
B4 $ 0.82888889 $ 0.00000000 $ 5.59324019 % 6.75000297
B5 $ 0.82888759 $ 0.00000000 $ 5.59323632 % 6.74999830
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:
$ 158,585.58
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 671,716,862.05
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,225
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36158GDQ8
PO $ 799,341.05 $ 798,299.79 $ 977.07 GEC9809PO
A1 $ 48,871,886.00 $ 48,871,886.00 $ 1,000.00 36158GCS5
A2 $ 54,638,720.00 $ 54,638,720.00 $ 1,000.00 36158GCT3
A3 $ 177,807,576.39 $ 169,552,592.66 $ 835.15 36158GCU0
A4 $ 6,955,319.05 $ 6,649,578.90 $ 842.88 36158GCV8
A5 $ 0.00 $ 0.00 $ 0.00 36158GCW6
A6 $ 14,087,291.00 $ 14,087,291.00 $ 1,000.00 36158GCX4
A7 $ 4,986,000.00 $ 4,986,000.00 $ 1,000.00 36158GCY2
A8 $ 51,175,000.00 $ 51,175,000.00 $ 1,000.00 36158GCZ9
A10 $ 142,114,387.32 $ 137,959,690.29 $ 841.22 36158GDB1
A11 $ 20,252,000.00 $ 20,252,000.00 $ 1,000.00 36158GDC9
A12 $ 22,880,000.00 $ 22,880,000.00 $ 1,000.00 36158GDD7
A13 $ 23,196,750.00 $ 23,196,750.00 $ 1,000.00 36158GDE5
A14 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36158GDF2
A15 $ 33,000,000.00 $ 33,000,000.00 $ 1,000.00 36158GDG0
A9 $ 5,055,948.00 $ 5,055,948.00 $ 1,000.00 36158GDA3
A16 $ 3,652,261.00 $ 3,652,261.00 $ 1,000.00 36158GDH8
A17 $ 22,394,100.00 $ 22,394,100.00 $ 1,000.00 36158GDJ4
A18 $ 9,880,000.00 $ 9,880,000.00 $ 1,000.00 36158GDK1
A19 $ 12,872,248.00 $ 12,872,248.00 $ 1,000.00 36158GDL9
SUP $ 647,711,525.83 $ 635,016,023.71 $ 889.28 GEC98009S
RL $ 0.00 $ 0.00 $ 0.00 36158GDR6
M $ 13,826,483.71 $ 13,814,958.06 $ 993.52 36158GDM7
B1 $ 5,979,046.86 $ 5,974,062.77 $ 993.52 36158GDN5
B2 $ 3,362,903.12 $ 3,360,099.83 $ 993.52 36158GDP0
B3 $ 2,990,020.60 $ 2,987,528.14 $ 993.52 36158GDS4
B4 $ 1,494,513.12 $ 1,493,267.31 $ 993.52 36158GDT2
B5 $ 2,242,397.01 $ 2,240,527.77 $ 993.52 36158GDU9
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 13 Principal Balance $ 3,518,959.13
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 481,632.11
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A6 % 6.49656034
A16 % 7.72755288
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class A4_1 $ 0.00
Class A4_2 $ 0.00
Class A4_3 $ 0.00
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class A4_1 $ 6,279,725.90
Class A4_2 $ 185,186.00
Class A4_3 $ 184,667.00
Exhibit 99.25
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-10A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 372,292.55
---------------
(b) Interest $ 2,772,832.83
---------------
(c) Total $ 3,145,125.38
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 306,934.09
---------------
(b) Interest $ 2,281,941.86
---------------
(c) Total $ 2,588,875.95
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 65,358.46
---------------
(b) Interest $ 490,890.97
---------------
(c) Total $ 556,249.43
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 118,193.31
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 8,288,697.51
---------------
(b) Interest $ 49,532.22
---------------
(c) Total $ 8,338,229.73
---------------
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: $ 449,764,685.47
---------------
13. Available Funds: $ 11,354,952.06
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
---------------
17. Compensating Interest Payment: $ 5,013.78
---------------
18. Total interest payments: $ 2,575,768.68
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO1 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 554,404.96 $ 0.00 $ 554,404.96 % 6.650000020
1A2 $ 189,583.33 $ 0.00 $ 189,583.33 % 6.499999886
1A3 $ 152,160.00 $ 0.00 $ 152,160.00 % 6.400000000
1A4 $ 23,949.83 $ 0.00 $ 23,949.83 % 6.749999058
1A5 $ 1,080,376.36 $ 0.00 $ 1,080,376.36 % 7.000000024
1A6 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A7 $ 5,836.68 $ 0.00 $ 0.00 % 7.000004717
1A8 $ 6,926.34 $ 0.00 $ 0.00 % 6.999999891
1A9 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A10 $ 449,949.38 $ 0.00 $ 449,949.38 % 6.750000075
1R $ 0.56 $ 0.00 $ 0.56 % 43.320000000
1RL $ 0.56 $ 0.00 $ 0.56 % 6.720000000
1M $ 52,064.46 $ 0.00 $ 52,064.46 % 6.750000095
1B1 $ 22,516.33 $ 0.00 $ 22,516.33 % 6.750001115
1B2 $ 12,665.08 $ 0.00 $ 12,665.08 % 6.749997925
1B3 $ 11,255.37 $ 0.00 $ 11,255.37 % 6.750002350
1B4 $ 5,627.68 $ 0.00 $ 5,627.68 % 6.749996387
1B5 $ 8,448.71 $ 0.00 $ 8,448.71 % 6.749996130
20. Principal Distribution Amount: $ 8,779,183.38
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO1 $ 724.64 $ 0.00
Class 1A1 $ 0.00 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 7,455,606.29 $ 0.00
Class 1A6 $ 0.00 $ 0.00
Class 1A7 $ 1,006,409.72 $ 5,836.68
Class 1A8 $ 0.00 $ 6,926.34
Class 1A9 $ 312,959.76 $ 0.00
Class 1A10 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1RL $ 0.00 $ 0.00
Class 1M $ 7,513.38 $ 0.00
Class 1B1 $ 3,249.31 $ 0.00
Class 1B2 $ 1,827.69 $ 0.00
Class 1B3 $ 1,624.25 $ 0.00
Class 1B4 $ 812.13 $ 0.00
Class 1B5 $ 1,219.23 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
--------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
--------------
24. Subordinate Certificate Writedown Amount: $ 0.00
--------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 109,218.89
-----------
3. Supplemental Servicing Fee amount: $ 152,274.75
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.629358 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: % 4.370642
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.26
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-10A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.396379
-----------------------
Weighted average maturity 349.45
-----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO1 1.14274540 $ 0.21924803 $ 0.00000000 % 0.00000000
1A1 0.00000000 $ 0.00000000 $ 5.54166668 % 6.65000002
1A2 0.00000000 $ 0.00000000 $ 5.41666657 % 6.49999989
1A3 0.00000000 $ 0.00000000 $ 5.33333333 % 6.40000000
1A4 0.00000000 $ 0.00000000 $ 5.62499941 % 6.74999906
1A5 38.65011037 $ 37.08217247 $ 5.60070689 % 7.00000002
1A6 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1A7 76.10077883 $ 73.43947368 $ 0.44392151 % 7.00000472
1A8 0.00000000 $ 0.00000000 $ 6.07573684 % 6.99999989
1A9 36.69790807 $ 35.20916628 $ 0.00000000 % 0.00000000
1A10 0.00000000 $ 0.00000000 $ 5.62500006 % 6.75000008
1R 0.00000000 $ 0.00000000 $ 36.10000000 %43.32000000
1RL 0.00000000 $ 0.00000000 $ 5.60000000 % 6.72000000
1M 0.80728269 $ 0.00000000 $ 5.59411841 % 6.75000009
1B1 0.80728199 $ 0.00000000 $ 5.59411925 % 6.75000111
1B2 0.80728357 $ 0.00000000 $ 5.59411661 % 6.74999792
1B3 0.80728131 $ 0.00000000 $ 5.59412028 % 6.75000235
1B4 0.80728628 $ 0.00000000 $ 5.59411531 % 6.74999639
1B5 0.80728454 $ 0.00000000 $ 5.59411512 % 6.74999613
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
1A7 $ 5,836.68
1A8 $ 6,926.34
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 109,218.89
--------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 449,764,685.47
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,475
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO1 $ 629,435.79 $ 628,711.15 $ 991.47 GEC9810P1
1A1 $ 100,043,000.00 $ 100,043,000.00 $ 1,000.00 36158GDV7
1A2 $ 35,000,000.00 $ 35,000,000.00 $ 1,000.00 36158GDW5
1A3 $ 28,530,000.00 $ 28,530,000.00 $ 1,000.00 36158GDX3
1A4 $ 4,257,748.15 $ 4,257,748.15 $ 1,000.00 36158GDY1
1A5 $ 185,207,375.36 $ 177,751,769.07 $ 921.47 36158GDZ8
1A6 $ 0.00 $ 0.00 $ 0.00 36158GEA2
1A7 $ 1,000,573.04 $ 0.00 $ 0.00 36158GEB0
1A8 $ 1,187,372.59 $ 1,194,298.93 $ 1,047.63 36158GEC8
1A9 $ 6,941,110.06 $ 6,628,150.30 $ 777.22 36158GED6
1A10 $ 79,991,000.00 $ 79,991,000.00 $ 1,000.00 36158GEE4
SUP1 $ 428,140,559.87 $ 419,395,967.04 $ 887.67 GEC9810S1
1R $ 100.00 $ 100.00 $ 1,000.00 36158GEF1
1RL $ 100.00 $ 100.00 $ 1,000.00 36158GEG9
1M $ 9,255,903.87 $ 9,248,390.49 $ 993.70 36157RGR0
1B1 $ 4,002,902.45 $ 3,999,653.14 $ 993.70 36157RGS8
1B2 $ 2,251,570.47 $ 2,249,742.78 $ 993.70 36157RGT6
1B3 $ 2,000,953.97 $ 1,999,329.72 $ 993.70 36157RHH1
1B4 $ 1,000,476.98 $ 999,664.85 $ 993.70 36157RHJ7
1B5 $ 1,501,993.75 $ 1,500,774.52 $ 993.70 36157RHK4
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 8 Principal Balance $ 2,826,981.30
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.27
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-10B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 475,760.11
---------------
(b) Interest $ 797,671.42
---------------
(c) Total $ 1,273,431.53
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 342,225.49
---------------
(b) Interest $ 577,162.48
---------------
(c) Total $ 919,387.97
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 133,534.62
---------------
(b) Interest $ 220,508.94
---------------
(c) Total $ 354,043.56
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 303,886.72
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,364,895.00
---------------
(b) Interest $ 8,079.22
---------------
(c) Total $ 1,372,974.22
---------------
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: $ 135,069,276.65
---------------
13. Available Funds: $ 2,885,311.65
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
---------------
17. Compensating Interest Payment: $ 3,048.14
---------------
18. Total interest payments: $ 740,769.82
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO2 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 172,060.42 $ 0.00 $ 172,060.42 % 6.500000126
2A2 $ 162,147.92 $ 0.00 $ 162,147.92 % 6.500000134
2A3 $ 231,427.58 $ 0.00 $ 231,427.58 % 6.500000139
2A4 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A5 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A6 $ 105,482.71 $ 0.00 $ 105,482.71 % 6.500000012
2A7 $ 50,456.25 $ 0.00 $ 50,456.25 % 6.500000000
2R $ 0.54 $ 0.00 $ 0.54 % 6.480000000
2M $ 7,197.59 $ 0.00 $ 7,197.59 % 6.500000128
2B1 $ 3,995.72 $ 0.00 $ 3,995.72 % 6.499998631
2B2 $ 2,000.51 $ 0.00 $ 2,000.51 % 6.500010966
2B3 $ 3,196.58 $ 0.00 $ 3,196.58 % 6.500006676
2B4 $ 1,201.36 $ 0.00 $ 1,201.36 % 6.499986767
2B5 $ 1,602.64 $ 0.00 $ 1,602.64 % 6.499994727
20. Principal Distribution Amount: $ 2,144,541.83
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO2 $ 1,796.68 $ 0.00
Class 2A1 $ 0.00 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 2,030,660.91 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 0.00 $ 0.00
Class 2A6 $ 99,799.95 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2M $ 4,606.41 $ 0.00
Class 2B1 $ 2,557.24 $ 0.00
Class 2B2 $ 1,280.31 $ 0.00
Class 2B3 $ 2,045.79 $ 0.00
Class 2B4 $ 768.86 $ 0.00
Class 2B5 $ 1,025.68 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
-----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-----------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 31,926.95
----------
3. Supplemental Servicing Fee amount: $ 37,334.94
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 97.408858 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: % 2.591142
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.28
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-10B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.064441
-------------------------
Weighted average maturity 169.28
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO2 $ 3.80717877 $ 0.26394360 $ 0.00000000 % 0.00000000
2A1 $ 0.00000000 $ 0.00000000 $ 5.41666677 % 6.50000013
2A2 $ 0.00000000 $ 0.00000000 $ 5.41666678 % 6.50000013
2A3 $ 37.86074224 $ 29.65395898 $ 4.31486119 % 6.50000014
2A4 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2A5 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2A6 $ 4.95285112 $ 3.87925955 $ 5.23487395 % 6.50000001
2A7 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
2R $ 0.00000000 $ 0.00000000 $ 5.40000000 % 6.48000000
2M $ 3.38706618 $ 0.00000000 $ 5.29234559 % 6.50000013
2B1 $ 3.38707285 $ 0.00000000 $ 5.29234437 % 6.49999863
2B2 $ 3.38706349 $ 0.00000000 $ 5.29235450 % 6.50001097
2B3 $ 3.38706954 $ 0.00000000 $ 5.29235099 % 6.50000668
2B4 $ 3.38704846 $ 0.00000000 $ 5.29233480 % 6.49998677
2B5 $ 3.38706657 $ 0.00000000 $ 5.29234105 % 6.49999473
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 31,926.95
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 135,069,276.65
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 426
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO2 $ 456,315.54 $ 454,518.86 $ 963.13 GEC9810P2
2A1 $ 31,765,000.00 $ 31,765,000.00 $ 1,000.00 36158GEH7
2A2 $ 29,935,000.00 $ 29,935,000.00 $ 1,000.00 36158GEJ3
2A3 $ 42,725,090.78 $ 40,694,429.87 $ 758.73 36158GEK0
2A4 $ 0.00 $ 0.00 $ 0.00 36158GEL8
2A5 $ 0.00 $ 0.00 $ 0.00 36158GEM6
2A6 $ 19,473,731.04 $ 19,373,931.10 $ 961.49 36158GEN4
2A7 $ 9,315,000.00 $ 9,315,000.00 $ 1,000.00 36158GEP9
SUP2 $ 124,116,624.19 $ 122,034,361.99 $ 888.29 GEC9810S2
2R $ 100.00 $ 100.00 $ 1,000.00 36158GEQ7
2M $ 1,328,785.82 $ 1,324,179.41 $ 973.66 36157RHD0
2B1 $ 737,671.54 $ 735,114.30 $ 973.66 36157RHE8
2B2 $ 369,324.30 $ 368,043.99 $ 973.66 36157RHF5
2B3 $ 590,137.24 $ 588,091.45 $ 973.66 36157RHL2
2B4 $ 221,789.99 $ 221,021.12 $ 973.66 36157RHM0
2B5 $ 295,872.24 $ 294,846.56 $ 973.66 36157RHN8
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 3 Principal Balance $ 893,245.40
-------- -----------
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
January, 1999
Series 1998-11A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 394,831.05
---------------
(b) Interest $ 2,947,027.92
---------------
(c) Total $ 3,341,858.97
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 355,418.60
---------------
(b) Interest $ 2,647,535.70
---------------
(c) Total $ 3,002,954.30
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 39,412.45
---------------
(b) Interest $ 299,492.22
---------------
(c) Total $ 338,904.67
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 126,709.05
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 6,215,251.83
---------------
(b) Interest $ 37,839.70
---------------
(c) Total $ 6,253,091.53
---------------
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: $ 477,881,553.65
---------------
13. Available Funds: $ 9,460,406.99
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
---------------
17. Compensating Interest Payment: $ 5,977.50
---------------
18. Total interest payments: $ 2,723,615.06
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
1PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 976,151.08 $ 0.00 $ 976,151.08 % 6.749999980
1A2 $ 260,554.05 $ 0.00 $ 260,554.05 % 6.749999978
1A3 $ 28,350.00 $ 0.00 $ 28,350.00 % 7.000000000
1A4 $ 23,216.67 $ 0.00 $ 23,216.67 % 7.000001005
1A5 $ 23,216.67 $ 0.00 $ 23,216.67 % 7.000001005
1A6 $ 23,216.67 $ 0.00 $ 23,216.67 % 7.000001005
1A7 $ 91,000.00 $ 0.00 $ 91,000.00 % 6.500000000
1A8 $ 233,573.17 $ 0.00 $ 233,573.17 % 6.750000018
1A9 $ 11,530.44 $ 0.00 $ 11,530.44 % 6.749998880
1A10 $ 55,800.00 $ 0.00 $ 55,800.00 % 6.750000000
1A11 $ 286,875.00 $ 0.00 $ 286,875.00 % 6.750000000
1A12 $ 194,124.05 $ 0.00 $ 194,124.05 % 6.749999856
1A13 $ 61,925.53 $ 0.00 $ 61,925.53 % 6.750000148
1A14 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A15 $ 251,555.44 $ 0.00 $ 251,555.44 % 6.749999979
1A16 $ 82,519.89 $ 0.00 $ 82,519.89 % 6.749999736
1A17 $ 4,050.00 $ 0.00 $ 4,050.00 % 6.750000000
1R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1M $ 53,626.67 $ 0.00 $ 53,626.67 % 6.750000179
1B1 $ 23,194.00 $ 0.00 $ 23,194.00 % 6.750001159
1B2 $ 13,044.17 $ 0.00 $ 13,044.17 % 6.749998211
1B3 $ 11,594.20 $ 0.00 $ 11,594.20 % 6.750000691
1B4 $ 5,799.90 $ 0.00 $ 5,799.90 % 6.750001658
1B5 $ 8,697.46 $ 0.00 $ 8,697.46 % 6.749997691
20. Principal Distribution Amount: $ 6,736,791.93
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 464.26 $ 0.00
Class 1A1 $ 3,607,522.97 $ 0.00
Class 1A2 $ 682,280.09 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class 1A6 $ 0.00 $ 0.00
Class 1A7 $ 0.00 $ 0.00
Class 1A8 $ 0.00 $ 0.00
Class 1A9 $ 248,830.45 $ 0.00
Class 1A10 $ 0.00 $ 0.00
Class 1A11 $ 0.00 $ 0.00
Class 1A12 $ 158,029.18 $ 0.00
Class 1A13 $ 788,243.14 $ 0.00
Class 1A14 $ 0.00 $ 0.00
Class 1A15 $ 206,185.26 $ 0.00
Class 1A16 $ 1,028,443.75 $ 0.00
Class 1A17 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1M $ 7,766.23 $ 0.00
Class 1B1 $ 3,358.96 $ 0.00
Class 1B2 $ 1,889.06 $ 0.00
Class 1B3 $ 1,679.07 $ 0.00
Class 1B4 $ 839.94 $ 0.00
Class 1B5 $ 1,259.57 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
----------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 109,050.26
-----------
3. Supplemental Servicing Fee amount: $ 162,344.24
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
----- ---- -------- -------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----- ---- -------- -------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----- ---- -------- -------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
----- ---- -------- -------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----- ---- -------- -------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----- ---- -------- -------
11. Junior Percentage: % N/A
-----
12. Junior Prepayment Percentage:
% N/A
-----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.30
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-11A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.396127
------------------------
Weighted average maturity 349.71
------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
1PO $ 1.09811249 $ 0.16013056 $ 0.00000000 % 0.00000000
1A1 $ 18.85793502 $ 17.79810842 $ 5.10272389 % 6.74999998
1A2 $ 13.73349618 $ 12.96166586 $ 5.24464674 % 6.74999998
1A3 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
1A4 $ 0.00000000 $ 0.00000000 $ 5.83333417 % 7.00000101
1A5 $ 0.00000000 $ 0.00000000 $ 5.83333417 % 7.00000101
1A6 $ 0.00000000 $ 0.00000000 $ 5.83333417 % 7.00000101
1A7 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
1A8 $ 0.00000000 $ 0.00000000 $ 5.62500002 % 6.75000002
1A9 $ 75.97876336 $ 71.70871450 $ 3.52074504 % 6.74999888
1A10 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A12 $ 4.48946534 $ 4.23715483 $ 5.51488778 % 6.74999986
1A13 $ 52.90222416 $ 49.92908926 $ 4.15607584 % 6.75000015
1A14 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1A15 $ 4.51962429 $ 4.26561881 $ 5.51414818 % 6.74999998
1A16 $ 51.81076826 $ 48.89897380 $ 4.15717330 % 6.74999974
1A17 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1M $ 0.81075582 $ 0.00000000 $ 5.59835787 % 6.75000018
1B1 $ 0.81075549 $ 0.00000000 $ 5.59835868 % 6.75000116
1B2 $ 0.81075536 $ 0.00000000 $ 5.59835622 % 6.74999821
1B3 $ 0.81075326 $ 0.00000000 $ 5.59835828 % 6.75000069
1B4 $ 0.81075290 $ 0.00000000 $ 5.59835907 % 6.75000166
1B5 $ 0.81075636 $ 0.00000000 $ 5.59835579 % 6.74999769
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:
$ 109,050.26
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 477,881,553.65
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,548
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
1PO $ 420,112.08 $ 419,647.82 $ 992.59 GE98111PO
1A1 $ 173,537,970.29 $ 169,930,447.32 $ 888.29 36157RJC0
1A2 $ 46,320,720.15 $ 45,638,440.06 $ 918.65 36157RJD8
1A3 $ 4,860,000.00 $ 4,860,000.00 $ 1,000.00 36157RJE6
1A4 $ 3,980,000.00 $ 3,980,000.00 $ 1,000.00 36157RJF3
1A5 $ 3,980,000.00 $ 3,980,000.00 $ 1,000.00 36157RJG1
1A6 $ 3,980,000.00 $ 3,980,000.00 $ 1,000.00 36157RJH9
1A7 $ 16,800,000.00 $ 16,800,000.00 $ 1,000.00 36157RJJ5
1A8 $ 41,524,119.00 $ 41,524,119.00 $ 1,000.00 36157RJK2
1A9 $ 2,049,856.34 $ 1,801,025.89 $ 549.93 36157RJL0
1A10 $ 9,920,000.00 $ 9,920,000.00 $ 1,000.00 36157RJM8
1A11 $ 51,000,000.00 $ 51,000,000.00 $ 1,000.00 36157RJN6
1A12 $ 34,510,942.96 $ 34,352,913.78 $ 975.94 36157RJP1
1A13 $ 11,008,982.87 $ 10,220,739.73 $ 685.96 36157RJQ9
1A14 $ 0.00 $ 0.00 $ 0.00 36157RJR7
1A15 $ 44,720,967.25 $ 44,514,781.99 $ 975.77 36157RJS5
1A16 $ 14,670,203.24 $ 13,641,759.50 $ 687.24 36157RJT3
1A17 $ 720,000.00 $ 720,000.00 $ 1,000.00 36157RJU0
SUP1 $ 461,406,346.05 $ 454,696,467.73 $ 919.62 G9811SUP1
1R $ 0.00 $ 0.00 $ 0.00 36157RJY2
1M $ 9,533,629.97 $ 9,525,863.74 $ 994.45 36157RJV8
1B1 $ 4,123,377.07 $ 4,120,018.11 $ 994.45 36157RJW6
1B2 $ 2,318,964.17 $ 2,317,075.11 $ 994.45 36157RJX4
1B3 $ 2,061,190.90 $ 2,059,511.83 $ 994.45 36157RLG8
1B4 $ 1,031,093.08 $ 1,030,253.14 $ 994.45 36157RLH6
1B5 $ 1,546,215.64 $ 1,544,956.08 $ 994.45 36157RLJ2
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 5 Principal Balance $ 1,782,489.35
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 368,241.77
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
---------------
2. Bankruptcy Loss Amount: $ 0.00
---------------
3. Fraud Loss Amount: $ 0.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.31
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-11B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 185,488.34
--------------
(b) Interest $ 1,397,329.62
--------------
(c) Total $ 1,582,817.96
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 168,119.40
--------------
(b) Interest $ 1,262,229.87
--------------
(c) Total $ 1,430,349.27
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 17,368.94
--------------
(b) Interest $ 135,099.75
--------------
(c) Total $ 152,468.69
--------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 41,370.77
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,290,141.64
--------------
(b) Interest $ 20,179.44
--------------
(c) Total $ 3,310,321.08
--------------
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: $ 225,862,192.97
---------------
13. Available Funds: $ 4,808,298.59
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
--------------
17. Compensating Interest Payment: $ 4,169.72
--------------
18. Total interest payments: $ 1,291,297.83
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
2PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 128,344.02 $ 0.00 $ 128,344.02 % 6.749999910
2A2 $ 40,484.17 $ 0.00 $ 40,484.17 % 6.500000535
2A3 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A4 $ 140,089.68 $ 0.00 $ 140,089.68 % 6.750000000
2A5 $ 128,105.46 $ 0.00 $ 128,105.46 % 6.750000107
2A6 $ 53,217.78 $ 0.00 $ 53,217.78 % 6.500000227
2A7 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A8 $ 10,208.33 $ 0.00 $ 10,208.33 % 6.999997714
2A9 $ 11,666.67 $ 0.00 $ 11,666.67 % 8.000002286
2A10 $ 402,132.28 $ 0.00 $ 402,132.28 % 6.750000004
2A11 $ 250,312.50 $ 0.00 $ 250,312.50 % 6.750000000
2A12 $ 25,319.77 $ 0.00 $ 25,319.77 % 6.749999737
2A13 $ 2,046.84 $ 0.00 $ 2,046.84 % 0.250000291
2A14 $ 14,530.83 $ 0.00 $ 14,530.83 % 6.999998394
2A15 $ 14,530.83 $ 0.00 $ 14,530.83 % 6.999998394
2A16 $ 14,536.67 $ 0.00 $ 14,536.67 % 7.000001605
2R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2RL $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2M $ 25,792.34 $ 0.00 $ 25,792.34 % 6.749999027
2B1 $ 11,152.24 $ 0.00 $ 11,152.24 % 6.750002739
2B2 $ 6,275.93 $ 0.00 $ 6,275.93 % 6.749998178
2B3 $ 5,576.12 $ 0.00 $ 5,576.12 % 6.750002739
2B4 $ 2,788.06 $ 0.00 $ 2,788.06 % 6.750002739
2B5 $ 4,187.31 $ 0.00 $ 4,187.31 % 6.749997159
20. Principal Distribution Amount: $ 3,517,000.76
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 221.03 $ 0.00
Class 2A1 $ 254,949.37 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 0.00 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 1,418,990.00 $ 0.00
Class 2A6 $ 45,911.57 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class 2A8 $ 0.00 $ 0.00
Class 2A9 $ 0.00 $ 0.00
Class 2A10 $ 1,559,927.96 $ 0.00
Class 2A11 $ 0.00 $ 0.00
Class 2A12 $ 228,983.94 $ 0.00
Class 2A13 $ 0.00 $ 0.00
Class 2A14 $ 0.00 $ 0.00
Class 2A15 $ 0.00 $ 0.00
Class 2A16 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2RL $ 0.00 $ 0.00
Class 2M $ 3,707.49 $ 0.00
Class 2B1 $ 1,603.07 $ 0.00
Class 2B2 $ 902.13 $ 0.00
Class 2B3 $ 801.53 $ 0.00
Class 2B4 $ 400.77 $ 0.00
Class 2B5 $ 601.90 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 2A3 % 0.00000000
Class 2A7 % 0.00000000
Class 2A9 % 8.00000229
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 50,984.86
----------
3. Supplemental Servicing Fee amount: $ 81,542.62
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
----- ---- -------- --------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----- ---- -------- --------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----- ---- -------- --------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
----- ---- -------- --------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----- ---- -------- --------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----- ---- -------- --------
11. Junior Percentage: % N/A
-----
12. Junior Prepayment Percentage:
% N/A
-----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.32
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-11B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.420607
-----------------------
Weighted average maturity 349.66
-----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
2PO $ 1.07569741 $ 0.16722148 $ 0.00000000 % 0.00000000
2A1 $ 10.99968461 $ 10.44391118 $ 5.53734940 % 6.74999991
2A2 $ 0.00000000 $ 0.00000000 $ 5.41666711 % 6.50000054
2A3 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2A5 $ 58.81823834 $ 55.84637098 $ 5.31007088 % 6.75000011
2A6 $ 4.59115700 $ 4.35918300 $ 5.32177800 % 6.50000023
2A7 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2A8 $ 0.00000000 $ 0.00000000 $ 5.83333143 % 6.99999771
2A9 $ 0.00000000 $ 0.00000000 $ 6.66666857 % 8.00000229
2A10$ 21.16591533 $ 20.09648005 $ 5.45634030 % 6.75000000
2A11$ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2A12$ 42.60166326 $ 40.44915907 $ 4.71065488 % 6.74999974
2A13$ 0.00000000 $ 0.00000000 $ 0.20468400 % 0.25000029
2A14$ 0.00000000 $ 0.00000000 $ 5.83333200 % 6.99999839
2A15$ 0.00000000 $ 0.00000000 $ 5.83333200 % 6.99999839
2A16$ 0.00000000 $ 0.00000000 $ 5.83333467 % 7.00000161
2R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2M $ 0.80475147 $ 0.00000000 $ 5.59851096 % 6.74999903
2B1 $ 0.80475402 $ 0.00000000 $ 5.59851406 % 6.75000274
2B2 $ 0.80475468 $ 0.00000000 $ 5.59851026 % 6.74999818
2B3 $ 0.80474900 $ 0.00000000 $ 5.59851406 % 6.75000274
2B4 $ 0.80475904 $ 0.00000000 $ 5.59851406 % 6.75000274
2B5 $ 0.80475123 $ 0.00000000 $ 5.59850949 % 6.74999716
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:
$ 50,984.86
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 225,862,192.97
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 747
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
2PO $ 204,024.49 $ 203,803.46 $ 991.86 GE98112PO
2A1 $ 22,816,714.97 $ 22,561,765.60 $ 973.42 36157RJZ9
2A2 $ 7,474,000.00 $ 7,474,000.00 $ 1,000.00 36157RKA2
2A3 $ 0.00 $ 0.00 $ 0.00 GE98112A3
2A4 $ 24,904,832.00 $ 24,904,832.00 $ 1,000.00 36157RKC8
2A5 $ 22,774,303.64 $ 21,355,313.64 $ 885.19 36157RKD6
2A6 $ 9,824,820.58 $ 9,778,909.01 $ 977.89 36157RKE4
2A7 $ 0.00 $ 0.00 $ 0.00 GE98112A7
2A8 $ 1,750,000.00 $ 1,750,000.00 $ 1,000.00 36157RKG9
2A9 $ 1,750,000.00 $ 1,750,000.00 $ 1,000.00 36157RKH7
2A10 $ 71,490,183.07 $ 69,930,255.12 $ 948.85 36157RKJ3
2A11 $ 44,500,000.00 $ 44,500,000.00 $ 1,000.00 36157RKK0
2A12 $ 4,501,292.62 $ 4,272,308.68 $ 794.85 36157RKL8
2A13 $ 9,824,820.58 $ 9,778,909.01 $ 977.89 36157RKM6
2A14 $ 2,491,000.00 $ 2,491,000.00 $ 1,000.00 36157RKN4
2A15 $ 2,491,000.00 $ 2,491,000.00 $ 1,000.00 36157RKP9
2A16 $ 2,492,000.00 $ 2,492,000.00 $ 1,000.00 36157RKQ7
SUP2 $ 216,779,744.21 $ 213,276,006.77 $ 902.31 G9811SUP2
2R $ 0.00 $ 0.00 $ 0.00 36157RKU8
2RL $ 0.00 $ 0.00 $ 0.00 36157RKV6
2M $ 4,585,305.55 $ 4,581,598.06 $ 994.49 36157RKR5
2B1 $ 1,982,619.64 $ 1,981,016.57 $ 994.49 36157RKS3
2B2 $ 1,115,721.19 $ 1,114,819.06 $ 994.49 36157RKT1
2B3 $ 991,309.82 $ 990,508.29 $ 994.49 36157RLK9
2B4 $ 495,654.91 $ 495,254.14 $ 994.49 36157RLL7
2B5 $ 744,410.98 $ 743,809.08 $ 994.49 36157RLM5
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 4 Principal Balance $ 1,563,750.16
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 497,045.78
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
2A3 % 0.00000000
2A7 % 0.00000000
2A9 % 8.00000229
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.33
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-11C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 356,194.48
---------------
(b) Interest $ 614,334.30
---------------
(c) Total $ 970,528.78
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 291,193.61
---------------
(b) Interest $ 500,919.15
---------------
(c) Total $ 792,112.76
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 65,000.87
---------------
(b) Interest $ 113,415.15
---------------
(c) Total $ 178,416.02
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 31,067.42
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,469,089.69
---------------
(b) Interest $ 8,517.43
---------------
(c) Total $ 1,477,607.12
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 103,486,836.70
---------------
13. Available Funds: $ 2,425,410.73
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
-----------------------
(b) Deficient Valuations: $ 0.00
-----------------------
(c) Debt Service Reductions: $ 0.00
-----------------------
(d) Bankruptcy Losses: $ 0.00
-----------------------
(e) Special Hazard Losses: $ 0.00
-----------------------
(f) Fraud Losses: $ 0.00
-----------------------
(g) Excess Bankruptcy Losses: $ 0.00
-----------------------
(h) Excess Special Hazard Losses: $ 0.00
-----------------------
(i) Excess Fraud Losses: $ 0.00
-----------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 1,691.40
-------------
18. Total interest payments: $ 569,059.13
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
3PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
SUP3 $ 32,034.52 $ 0.00 $ 32,034.52 % 0.396695648
3A $ 555,230.33 $ 0.00 $ 555,230.33 % 6.499999955
3M $ 6,145.38 $ 0.00 $ 6,145.38 % 6.500004024
3B1 $ 3,070.03 $ 0.00 $ 3,070.03 % 6.499994945
3B2 $ 1,535.02 $ 0.00 $ 1,535.02 % 6.500016232
3B3 $ 1,232.26 $ 0.00 $ 1,232.26 % 6.499988681
3B4 $ 918.89 $ 0.00 $ 918.89 % 6.500034514
3B5 $ 927.22 $ 0.00 $ 927.22 % 6.499982416
3R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
20. Principal Distribution Amount: $ 1,856,351.60
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 3PO $ 939.80 $ 0.00
Class SUP3 $ 0.00 $ 0.00
Class 3A $ 1,846,780.77 $ 0.00
Class 3M $ 3,835.54 $ 0.00
Class 3B1 $ 1,916.11 $ 0.00
Class 3B2 $ 958.06 $ 0.00
Class 3B3 $ 769.10 $ 0.00
Class 3B4 $ 573.51 $ 0.00
Class 3B5 $ 578.71 $ 0.00
Class 3R $ 0.00 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
3B1 $ 0.00 $ 0.00
3B2 $ 0.00 $ 0.00
3B3 $ 0.00 $ 0.00
3B4 $ 0.00 $ 0.00
3B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-3B1 X
Class-3B2 X
Class-3B3 X
Class-3B4 X
Class-3B5 X
2. Base Servicing Fee amount: $ 24,129.90
----------
3. Supplemental Servicing Fee amount: $ 32,034.52
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
----- ---- -------- -------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----- ---- -------- -------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----- ---- -------- -------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
----- ---- -------- -------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----- ---- -------- -------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----- ---- -------- -------
11. Junior Percentage: % N/A
-----
12. Junior Prepayment Percentage:
% N/A
-----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.34
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-11C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.100281
------------------------
Weighted average maturity 170.43
------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
3PO $ 3.20888846 $ 0.00000000 $ 0.00000000 % 0.00000000
SUP3 $ 0.00000000 $ 0.00000000 $ 0.29917389 % 0.39669565
3A $ 16.36960683 $ 13.29794026 $ 4.92148410 % 6.49999996
3M $ 3.31507347 $ 0.00000000 $ 5.31147796 % 6.50000402
3B1 $ 3.31506920 $ 0.00000000 $ 5.31147059 % 6.49999495
3B2 $ 3.31508651 $ 0.00000000 $ 5.31148789 % 6.50001623
3B3 $ 3.31508621 $ 0.00000000 $ 5.31146552 % 6.49998868
3B4 $ 3.31508671 $ 0.00000000 $ 5.31150289 % 6.50003451
3B5 $ 3.31506575 $ 0.00000000 $ 5.31146043 % 6.49998242
3R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 24,129.90
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 103,486,836.70
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 340
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
3PO $ 286,117.58 $ 285,177.78 $ 973.72 GE98113PO
SUP3 $ 96,904,072.84 $ 95,074,833.87 $ 887.91 G9811SUP3
3A $ 102,504,061.63 $ 100,657,280.87 $ 892.21 36157RKW4
3M $ 1,134,530.99 $ 1,130,695.45 $ 977.26 36157RKX2
3B1 $ 566,775.21 $ 564,859.09 $ 977.26 36157RKY0
3B2 $ 283,387.60 $ 282,429.55 $ 977.26 36157RKZ7
3B3 $ 227,494.55 $ 226,725.45 $ 977.26 36157RLA1
3B4 $ 169,640.33 $ 169,066.82 $ 977.26 36157RLB9
3B5 $ 171,179.54 $ 170,600.83 $ 977.26 36157RLC7
3R $ 0.00 $ 0.00 $ 0.00 36157RLD5
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 1 Principal Balance $ 351,166.12
-------- ------------
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: % 0.39669565
-----------
Exhibit 99.35
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
JANUARY 1999
Home Equity Loan Pass-Through Certificates,
Series 1998-HE2
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
(1) Aggregate Monthly Payments Due: $1,628,377.99
-----------
(2) Aggregate Monthly Payments received and Monthly Advances made
this Month:
(a) Principal $284,540.59
-----------
(b) Interest $1,400,555.05
-----------
(c) Total $1,685,095.64
-----------
(3) Aggregate Principal Prepayments in part received on Self-
Amortizing Mortgage Loans and applied in the applicable
Prepayment Period:
(a) Principal $40,633.86
--------
(c) Total $40,633.86
--------
(4) Aggregate Principal Prepayments in full received in the
applicable Prepayment period:
(a) Principal $3,590,051.00
-----------
(b) Interest $33,296.19
-----------
(c) Total $3,623,347.19
-----------
(5) Aggregate Insurance Proceeds (inculding purchases of Mortgage
Loans by primary mortgage insurers) for prior month:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(6) Aggregate Liquidation Proceeds for prior month:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(7) Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(8) Aggregate Purchase Prices for (and substitution adjustments) for
Defective Mortgage Loans:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(9) Aggregate Purchase Prices for for Document Deficiencies per Sec.
2.02
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(10) Pool Principal Balance $180,360,795.59
-------------
(11) Available Funds: $5,262,690.13
-------------
(12) Realized Losses for
prior month: $0.00
-------------
(13) Aggregate Realized Losses: $0.00
-------------
(a) Deficient Valuations $0.00
-------------
(b) Special Hazard Losses $0.00
-------------
(c) Fraud Losses $0.00
-------------
(d) Excess Bankruptcy Losses $0.00
-------------
(e) Excess Special Hazard Losses $0.00
-------------
(f ) Excess Fraud Losses $0.00
-------------
(14) Compensating Interest Payment: $2,601.18
---------
(15) Net Simple Interest Shortfall: ($0.00)
---------
(16) Net Simple Interest Excess: $0.00
---------
(17) Simple Interest Shortfall Payment: ($0.00)
---------
(18) Unpaid Net Simple Interest Shortfall:
Class A1 $0.00
---
Class A2 $0.00
---
Class A3 $0.00
---
Class A4 $0.00
---
Class A5 $0.00
---
Class A6 $0.00
---
Class A7 $0.00
---
Class S $0.00
---
Class M $0.00
---
Class B1 $0.00
---
Class B2 $0.00
---
Class B3 $0.00
---
Class B4 $0.00
---
Class B5 $0.00
---
(19) Class Certificate Interest Rate:
Class M 6.660%
--
Class B1 6.905%
--
Class B2 7.495%
--
Class B3 8.965%
--
Class B4 8.965%
--
Class B5 8.965%
--
Class S 2.55%
--
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 $241,770.95 6.365%
--------------------------
Class A2 $109,381.25 6.105%
--------------------------
Class A3 $142,140.00 6.180%
--------------------------
Class A4 $70,070.83 6.275%
--------------------------
Class A5 $79,463.75 6.315%
--------------------------
Class A6 $130,009.43 6.645%
--------------------------
Class A7 $92,189.17 6.215%
--------------------------
Class S $382,700.09 2.55%
--------------------------
Class M $26,737.68 6.660%
--------------------------
Class B1 $24,949.72 6.905%
--------------------------
Class B2 $12,039.69 7.495%
--------------------------
Class B3 $14,401.24 8.965%
--------------------------
Class B4 $10,802.78 8.965%
--------------------------
Class B5 $10,808.11 8.965%
--------------------------
Total $1,347,464.68
(21) Principal distributable:
Class A1 $3,890,138.99
-----------
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 $7,600.34
-----------
Class B1 $6,840.46
-----------
Class B2 $3,041.07
-----------
Class B3 $3,041.07
-----------
Class B4 $2,281.20
-----------
Class B5 $2,282.32
-----------
Class R1 $0.00
-----------
Class R2 $0.00
-----------
Total $3,915,225.45
(22) Additional distributions to the Class R1 Certificate pursuant to
Section 2.05 (d) : $0.00
-----
(23) Additional distributions to the Class R2 Certificate pursuant to
Section 4.01 (b) : $0.00
-----
B. Other Amounts:
1) Senior Percentage for such Distribution Date 91.183522%
----
2) Senior Prepayment Percentage
for such Distribution Date 100.00%
----
3) Junior Percentage for such
Distribution Date 8.816478%
----
4) Junior Prepayment Percentage
----
for such Distribution Date 0.00%
----
5) Subordinate Certfificate Writedown Amount
for such Distribution Date $0.00
----
6) Prepayment Distribution Triggers satisfied:
Yes No
Class B1 X
-----------------------------------
Class B2 X
-----------------------------------
Class B3 X
-----------------------------------
Class B4 X
-----------------------------------
Class B5 X
-----------------------------------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
- ------------------------------------------
Name: Tim Neer
Title: Vice President of Investor Operations
Exhibit 99.36
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
JANUARY 1999
Home Equity Loan Pass-Through Certificates,
Series 1998-HE2
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
The amounts below are for a Single Certificate of $1,000:
(1) Amount of distribution allocable to principal:
Class A1 $65.38048726
-----------
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 $1.56353359
-----------
Class B1 $1.56353359
-----------
Class B2 $1.56353359
-----------
Class B3 $1.56353359
-----------
Class B4 $1.56353359
-----------
Class B5 $1.56353359
-----------
Class R1 $0.00000000
-----------
Class R2 $0.00000000
-----------
(2) Aggregate Principal prepayments included in distribution:
Class A1 630,684.86
--------
Class A2 $0.00000000
--------
Class A3 $0.00000000
--------
Class A4 $0.00000000
--------
Class A5 $0.00000000
--------
Class A6 $0.00000000
--------
Class A7 $0.00000000
--------
Class M $0.00000000
--------
Class B1 $0.00000000
--------
Class B2 $0.00000000
--------
Class B3 $0.00000000
--------
Class B4 $0.00000000
--------
Class B5 $0.00000000
--------
Class R1 $0.00000000
--------
Class R2 $0.00000000
--------
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 $4.06337728 6.365%
----------------------------------
Class A2 $5.08750000 6.105%
----------------------------------
Class A3 $5.15000000 6.180%
----------------------------------
Class A4 $5.22916667 6.275%
----------------------------------
Class A5 $5.26250000 6.315%
----------------------------------
Class A6 $5.53750000 6.645%
----------------------------------
Class A7 $5.17916667 6.215%
----------------------------------
Class S $2.12185849 2.55%
----------------------------------
Class M $5.50044863 6.660%
----------------------------------
Class B1 $5.70279246 6.905%
----------------------------------
Class B2 $6.19006944 7.495%
----------------------------------
Class B3 $7.40423814 8.965%
----------------------------------
Class B4 $7.40423814 8.965%
----------------------------------
Class B5 $7.40423814 8.965%
----------------------------------
(4) Servicing Compensation: $85,824.99
--------
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $180,360,795.59
-------------
number of Mortgage
Loans: 2,555
-------------
(6) Class Certificate Principal Balance of each Class; Certificate
Principal Balance of Single Certificate of each class:
Single
Certificate
Class Class Balance Balance
-------------------------------------------------------------
Class A1 $41,691,186.66 $700.69221285
------------------------------------
Class A2 $21,500,000.00 $1,000.00000000
------------------------------------
Class A3 $27,600,000.00 $1,000.00000000
------------------------------------
Class A4 $13,400,000.00 $1,000.00000000
------------------------------------
Class A5 $15,100,000.00 $1,000.00000000
------------------------------------
Class A6 $23,478,000.00 $1,000.00000000
------------------------------------
Class A7 $17,800,000.00 $1,000.00000000
------------------------------------
Class M $4,809,999.81 $989.50829195
------------------------------------
Class B1 $4,329,098.78 $989.50829195
------------------------------------
Class B2 $1,924,593.63 $989.50829195
------------------------------------
Class B3 $1,924,593.63 $989.50829195
------------------------------------
Class B4 $1,443,692.60 $989.50829195
------------------------------------
Class B5 $1,444,404.72 $989.50829195
------------------------------------
Class R1 $0.00 $0.00000000
------------------------------------
Class R2 $0.00 $0.00000000
------------------------------------
(7) Book value of real estate acquired on behalf of Certificate-
holders; number of $0.00
---
related Mortgage Loans: 0
---
(8) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $929,128.72
-----------
19
-----------
Two Payments Delinquent $542,997.31
-----------
9
-----------
Three or more Payments Delinquent $537,890.47
-----------
6
-----------
TOTAL $2,010,016.50
-----------
34
-----------
In foreclosure $1,005,988.63
-----------
12
-----------
(9) Aggregate Scheduled Principal Balance and number of replaced
Mortgage Loans: $0.00
----
0
----
(10) Unpaid Net Simple Interest Shortfall:
Class A1 $0.00
---
Class A2 $0.00
---
Class A3 $0.00
---
Class A4 $0.00
---
Class A5 $0.00
---
Class A6 $0.00
---
Class A7 $0.00
---
Class S $0.00
---
Class M $0.00
---
Class B1 $0.00
---
Class B2 $0.00
---
Class B3 $0.00
---
Class B4 $0.00
---
Class B5 $0.00
---
(11) Class Certificate Interest Rate of:
Class M 6.660%
----
Class B1 6.905%
----
Class B2 7.495%
----
Class B3 8.965%
----
Class B4 8.965%
----
Class B5 8.965%
----
Class S 2.55%
----
(12) Senior Percentage for such 91.183522%
----------
Distribution Date
(13) Senior Prepayment Percentage
for such Distribution Date 100.00%
----
(14) Junior Percentage for such
Distribution Date 8.816478%
----
(15) Junior Prepayment Percentage
for such Distribution Date 0.00%
----
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
---------------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.37
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-12A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 304,814.47
---------------
(b) Interest $ 2,286,497.10
---------------
(c) Total $ 2,591,311.57
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 247,233.14
---------------
(b) Interest $ 1,880,064.51
---------------
(c) Total $ 2,127,297.65
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 57,581.33
---------------
(b) Interest $ 406,432.59
---------------
(c) Total $ 464,013.92
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 97,045.90
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,124,493.59
---------------
(b) Interest $ 25,084.60
---------------
(c) Total $ 4,149,578.19
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 372,416,301.66
---------------
13. Available Funds: $ 6,641,920.29
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
--------------
17. Compensating Interest Payment: $ 3,976.52
--------------
18. Total interest payments: $ 2,115,566.32
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO1 $ 0.00 $ 0.00 $ 0.00 %0.000000000
1A1 $ 288,654.17 $ 0.00 $ 288,654.17 %6.500000075
1A2 $ 218,278.50 $ 0.00 $ 218,278.50 %6.600000000
1A3 $ 242,852.67 $ 0.00 $ 242,852.67 %6.700000092
1A4 $ 186,862.50 $ 0.00 $ 186,862.50 %6.750000000
1A5 $ 78,603.75 $ 0.00 $ 78,603.75 %6.750000000
1A6 $ 17,875.29 $ 0.00 $ 17,875.29 %6.749999370
1A7 $ 509,869.73 $ 0.00 $ 509,869.73 %6.749999934
1A8 $ 174,132.29 $ 0.00 $ 174,132.29 %6.187499946
1A9 $ 65,079.74 $ 0.00 $ 65,079.74 %8.919642132
1A10 $ 0.00 $ 0.00 $ 0.00 %0.000000000
1A11 $ 90,032.25 $ 0.00 $ 90,032.25 %6.246560000
1A12 $ 39,685.59 $ 0.00 $ 39,685.59 %8.260320682
1A13 $ 110,418.66 $ 0.00 $ 110,418.66 %6.750000041
1A14 $ 3,420.94 $ 0.00 $ 0.00 %6.749990356
1R $ 0.00 $ 0.00 $ 0.00 %0.000000000
1RL $ 0.00 $ 0.00 $ 0.00 %0.000000000
1M $ 41,528.82 $ 0.00 $ 41,528.82 %6.749999400
1B1 $ 17,960.15 $ 0.00 $ 17,960.15 %6.749999356
1B2 $ 10,102.06 $ 0.00 $ 10,102.06 %6.749999954
1B3 $ 8,981.48 $ 0.00 $ 8,981.48 %6.750002560
1B4 $ 4,487.94 $ 0.00 $ 4,487.94 %6.750004738
1B5 $ 6,739.59 $ 0.00 $ 6,739.59 %6.750002610
20. Principal Distribution Amount: $ 4,526,353.97
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO1 $ 10,962.44 $ 0.00
Class 1A1 $ 0.00 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class 1A6 $ 0.00 $ 0.00
Class 1A7 $ 775,929.44 $ 0.00
Class 1A8 $ 861,645.71 $ 0.00
Class 1A9 $ 223,389.63 $ 0.00
Class 1A10 $ 0.00 $ 0.00
Class 1A11 $ 1,851,207.77 $ 0.00
Class 1A12 $ 617,069.26 $ 0.00
Class 1A13 $ 168,037.21 $ 0.00
Class 1A14 $ 8,627.00 $ 3,420.94
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1RL $ 0.00 $ 0.00
Class 1M $ 5,968.70 $ 0.00
Class 1B1 $ 2,581.31 $ 0.00
Class 1B2 $ 1,451.91 $ 0.00
Class 1B3 $ 1,290.86 $ 0.00
Class 1B4 $ 645.03 $ 0.00
Class 1B5 $ 968.64 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 1A8 % 6.18749995
Class 1A9 % 8.91964213
Class 1A11 % 6.24656000
Class 1A12 % 8.26032068
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 86,637.92
-----------
3. Supplemental Servicing Fee amount: $ 118,326.43
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.755272 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: % 4.244728
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.38
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-12A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.363524
-----------------------
Weighted average maturity 351.13
-----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO1 $ 12.75555865 $ 11.87577227 $ 0.00000000 %0.00000000
1A1 $ 0.00000000 $ 0.00000000 $ 5.41666673 %6.50000008
1A2 $ 0.00000000 $ 0.00000000 $ 5.50000000 %6.60000000
1A3 $ 0.00000000 $ 0.00000000 $ 5.58333341 %6.70000009
1A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
1A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
1A6 $ 0.00000000 $ 0.00000000 $ 5.62500059 %6.74999937
1A7 $ 8.31908568 $ 7.78113433 $ 5.46654083 %6.74999993
1A8 $ 22.55486023 $ 21.09635673 $ 4.55817213 %6.18749995
1A9 $ 22.55486038 $ 21.09635643 $ 6.57087103 %8.91964213
1A10 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
1A11 $ 65.31734173 $ 61.09361454 $ 3.17666517 %6.24656000
1A12 $ 65.31734208 $ 61.09361454 $ 4.20075578 %8.26032068
1A13 $ 8.31908560 $ 7.78113421 $ 5.46654092 %6.75000004
1A14 $ 8.31908750 $ 12.89418134 $ 5.46653308 %6.74999036
1R $ 0.00000000 $ 0.00000000 $ 4.00000000 %0.00000000
1RL $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
1M $ 0.80527523 $ 0.00000000 $ 5.60291689 %6.74999940
1B1 $ 0.80527531 $ 0.00000000 $ 5.60291686 %6.74999936
1B2 $ 0.80527454 $ 0.00000000 $ 5.60291736 %6.74999995
1B3 $ 0.80527760 $ 0.00000000 $ 5.60291953 %6.75000256
1B4 $ 0.80528090 $ 0.00000000 $ 5.60292135 %6.75000474
1B5 $ 0.80527332 $ 0.00000000 $ 5.60291955 %6.75000261
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
1A14 $ 3,420.94
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 86,637.92
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 372,416,301.66
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,179
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO1 $ 842,011.35 $ 831,048.91 $ 966.98
1A1 $ 53,290,000.00 $ 53,290,000.00 $ 1,000.00 36157RLN3
1A2 $ 39,687,000.00 $ 39,687,000.00 $ 1,000.00 36157RLP8
1A3 $ 43,496,000.00 $ 43,496,000.00 $ 1,000.00 36157RLQ6
1A4 $ 33,220,000.00 $ 33,220,000.00 $ 1,000.00 36157RLR4
1A5 $ 13,974,000.00 $ 13,974,000.00 $ 1,000.00 36157RLS2
1A6 $ 3,177,829.63 $ 3,177,829.63 $ 1,000.00 36157RLT0
1A7 $ 90,643,508.44 $ 89,867,579.00 $ 963.51 36157RLU7
1A8 $ 33,771,111.08 $ 32,909,465.37 $ 861.45 36157RLV5
1A9 $ 8,755,473.24 $ 8,532,083.61 $ 861.45 36157RLW3
1A10 $ 0.00 $ 0.00 $ 0.00 36157RLX1
1A11 $ 17,295,711.56 $ 15,444,503.80 $ 544.94 36157RLY9
1A12 $ 5,765,237.19 $ 5,148,167.93 $ 544.94 36157RLZ6
1A13 $ 19,629,983.88 $ 19,461,946.67 $ 963.51 36157RMA0
1A14 $ 608,167.98 $ 602,961.92 $ 963.51 36157RMB8
SUP1 $ 338,004,395.67 $ 333,760,976.67 $ 924.82
1R $ 0.00 $ 0.00 $ 0.00 36157RMF9
1RL $ 0.00 $ 0.00 $ 0.00 36157RMG7
1M $ 7,382,901.99 $ 7,376,933.29 $ 995.27 36157RMC6
1B1 $ 3,192,915.86 $ 3,190,334.55 $ 995.27 36157RMD4
1B2 $ 1,795,921.79 $ 1,794,469.88 $ 995.27 36157RME2
1B3 $ 1,596,706.95 $ 1,595,416.09 $ 995.27 36157RNY7
1B4 $ 797,855.44 $ 797,210.41 $ 995.27 36157RNZ4
1B5 $ 1,198,148.87 $ 1,197,180.23 $ 995.27 36157RPA7
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 5 Principal Balance $ 1,212,188.10
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 378,969.84
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
1A8 % 6.18749995
1A9 % 8.91964213
1A11 % 6.24656000
1A12 % 8.26032068
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
----------------
2. Bankruptcy Loss Amount: $ 0.00
----------------
3. Fraud Loss Amount: $ 0.00
----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.39
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-12B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 142,005.29
---------------
(b) Interest $ 1,100,271.31
---------------
(c) Total $ 1,242,276.60
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 126,332.29
---------------
(b) Interest $ 977,950.36
---------------
(c) Total $ 1,104,282.65
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 15,673.00
---------------
(b) Interest $ 122,320.95
---------------
(c) Total $ 137,993.95
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 59,246.81
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,922,483.06
---------------
(b) Interest $ 11,754.14
---------------
(c) Total $ 1,934,237.20
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 177,340,286.51
---------------
13. Available Funds: $ 3,132,581.72
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 2,719.16
-------------
18. Total interest payments: $ 1,008,846.56
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO2 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 235,400.00 $ 0.00 $ 235,400.00 % 6.600000000
2A2 $ 127,997.92 $ 0.00 $ 127,997.92 % 6.550000171
2A3 $ 9,258.33 $ 0.00 $ 9,258.33 % 6.749997553
2A4 $ 296,151.82 $ 0.00 $ 296,151.82 % 6.187500063
2A5 $ 86,751.35 $ 0.00 $ 86,751.35 % 9.411036828
2A6 $ 23,931.46 $ 0.00 $ 23,931.46 % 7.500000020
2A7 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A8 $ 5,599.87 $ 0.00 $ 0.00 % 6.749996165
2A9 $ 178,875.00 $ 0.00 $ 178,875.00 % 6.750000000
2R $ 0.56 $ 0.00 $ 0.56 % 6.720000000
2RL $ 0.56 $ 0.00 $ 0.56 % 6.720000000
2M $ 20,750.14 $ 0.00 $ 20,750.14 % 6.750001368
2B1 $ 8,416.61 $ 0.00 $ 8,416.61 % 6.750000596
2B2 $ 4,488.48 $ 0.00 $ 4,488.48 % 6.749992979
2B3 $ 4,488.48 $ 0.00 $ 4,488.48 % 6.749992979
2B4 $ 2,247.04 $ 0.00 $ 2,247.04 % 6.749987627
2B5 $ 4,488.94 $ 0.00 $ 4,488.94 % 6.750004210
20. Principal Distribution Amount: $ 2,123,735.16
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO2 $ 112.24 $ 0.00
Class 2A1 $ 0.00 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 0.00 $ 0.00
Class 2A4 $ 1,685,840.41 $ 0.00
Class 2A5 $ 324,680.38 $ 0.00
Class 2A6 $ 112,389.36 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class 2A8 $ 0.00 $ 5,599.87
Class 2A9 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2RL $ 0.00 $ 0.00
Class 2M $ 2,918.65 $ 0.00
Class 2B1 $ 1,183.85 $ 0.00
Class 2B2 $ 631.34 $ 0.00
Class 2B3 $ 631.34 $ 0.00
Class 2B4 $ 316.06 $ 0.00
Class 2B5 $ 631.40 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
----------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 2A4 % 6.18750006
Class 2A5 % 9.41103683
Class 2A6 % 7.50000002
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 41,171.42
----------
3. Supplemental Servicing Fee amount: $ 66,249.13
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 95.551386 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: % 4.448614
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.40
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-12B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.440497
------------------------
Weighted average maturity 351.75
------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO2 $ 0.98426785 $ 0.07199607 $ 0.00000000 %0.00000000
2A1 $ 0.00000000 $ 0.00000000 $ 5.50000000 %6.60000000
2A2 $ 0.00000000 $ 0.00000000 $ 5.45833348 %6.55000017
2A3 $ 0.00000000 $ 0.00000000 $ 5.62499772 %6.74999755
2A4 $ 24.20098206 $ 22.65119610 $ 4.25138989 %6.18750006
2A5 $ 24.20098241 $ 22.65119633 $ 6.46626044 %9.41103683
2A6 $ 24.20098191 $ 22.65119509 $ 5.15319983 %7.50000002
2A7 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
2A8 $ 0.00000000 $ 0.00000000 $ 5.78498967 %6.74999617
2A9 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2R $ 0.00000000 $ 0.00000000 $ 5.60000000 %6.72000000
2RL $ 0.00000000 $ 0.00000000 $ 5.60000000 %6.72000000
2M $ 0.78818526 $ 0.00000000 $ 5.60360248 %6.75000137
2B1 $ 0.78818242 $ 0.00000000 $ 5.60360186 %6.75000060
2B2 $ 0.78818976 $ 0.00000000 $ 5.60359551 %6.74999298
2B3 $ 0.78818976 $ 0.00000000 $ 5.60359551 %6.74999298
2B4 $ 0.78817955 $ 0.00000000 $ 5.60359102 %6.74998763
2B5 $ 0.78818521 $ 0.00000000 $ 5.60360488 %6.75000421
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
2A8 $ 5,599.87
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 41,171.42
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 177,340,286.51
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 560
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO2 $ 113,485.99 $ 113,373.75 $ 994.21
2A1 $ 42,800,000.00 $ 42,800,000.00 $ 1,000.00 36157RMH5
2A2 $ 23,450,000.00 $ 23,450,000.00 $ 1,000.00 36157RMJ1
2A3 $ 1,645,925.93 $ 1,645,925.93 $ 1,000.00 36157RMK8
2A4 $ 57,435,503.90 $ 55,749,663.48 $ 800.31 36157RML6
2A5 $ 11,061,652.60 $ 10,736,972.23 $ 800.31 36157RMM4
2A6 $ 3,829,033.59 $ 3,716,644.23 $ 800.31 36157RMN2
2A7 $ 0.00 $ 0.00 $ 0.00 36157RMP7
2A8 $ 995,533.01 $ 1,001,132.88 $ 1,034.23 36157RMQ5
2A9 $ 31,800,000.00 $ 31,800,000.00 $ 1,000.00 36157RMR3
SUP2 $ 174,148,621.59 $ 172,030,072.33 $ 882.74
2R $ 100.00 $ 100.00 $ 1,000.00 36157RMV4
2RL $ 100.00 $ 100.00 $ 1,000.00 36157RMW2
2M $ 3,688,913.03 $ 3,685,994.38 $ 995.41 36157RMS1
2B1 $ 1,496,286.09 $ 1,495,102.23 $ 995.41 36157RMT9
2B2 $ 797,952.83 $ 797,321.50 $ 995.41 36157RMU6
2B3 $ 797,952.83 $ 797,321.50 $ 995.41 36157RPB5
2B4 $ 399,474.51 $ 399,158.45 $ 995.41 36157RPC3
2B5 $ 798,033.28 $ 797,401.88 $ 995.41 36157RPD1
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 2 Principal Balance $ 653,033.37
-------- ------------
2. 60-89 days
Number 1 Principal Balance $ 182,989.89
-------- ------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
2A4 % 6.18750006
2A5 % 9.41103683
2A6 % 7.50000002
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.41
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-12C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 554,043.98
---------------
(b) Interest $ 941,881.68
---------------
(c) Total $ 1,495,925.66
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 360,364.52
---------------
(b) Interest $ 616,282.63
---------------
(c) Total $ 976,647.15
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 193,679.46
---------------
(b) Interest $ 325,599.05
---------------
(c) Total $ 519,278.51
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 45,368.43
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,757,891.95
---------------
(b) Interest $ 10,147.53
---------------
(c) Total $ 1,768,039.48
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 160,149,443.39
---------------
13. Available Funds: $ 3,234,114.38
---------------
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: $ 1,253.99
--------------
18. Total interest payments: $ 876,810.03
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO3 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
3A1 $ 183,957.56 $ 0.00 $ 183,957.56 % 6.500000039
3A2 $ 12,458.33 $ 0.00 $ 12,458.33 % 6.499998261
3A3 $ 53,282.42 $ 0.00 $ 53,282.42 % 6.500000120
3A4 $ 608,356.07 $ 0.00 $ 608,356.07 % 6.499999986
SUP3 $ 41,086.68 $ 0.00 $ 41,086.68 % 0.349518850
3R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
3M $ 7,033.37 $ 0.00 $ 7,033.37 % 6.500000089
3B1 $ 2,344.45 $ 0.00 $ 2,344.45 % 6.499991417
3B2 $ 2,344.45 $ 0.00 $ 2,344.45 % 6.499991417
3B3 $ 4,220.02 $ 0.00 $ 4,220.02 % 6.499998627
3B4 $ 1,406.67 $ 0.00 $ 1,406.67 % 6.499991567
3B5 $ 1,406.69 $ 0.00 $ 1,406.69 % 6.499979361
20. Principal Distribution Amount: $ 2,357,304.35
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO3 $ 2,562.43 $ 0.00
Class 3A1 $ 648,275.76 $ 0.00
Class 3A2 $ 0.00 $ 0.00
Class 3A3 $ 33,531.63 $ 0.00
Class 3A4 $ 1,661,131.24 $ 0.00
Class SUP3 $ 0.00 $ 0.00
Class 3R $ 0.00 $ 0.00
Class 3M $ 4,426.23 $ 0.00
Class 3B1 $ 1,475.41 $ 0.00
Class 3B2 $ 1,475.41 $ 0.00
Class 3B3 $ 2,655.74 $ 0.00
Class 3B4 $ 885.24 $ 0.00
Class 3B5 $ 885.26 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
3B1 $ 0.00 $ 0.00
3B2 $ 0.00 $ 0.00
3B3 $ 0.00 $ 0.00
3B4 $ 0.00 $ 0.00
3B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-3B1 X
Class-3B2 X
Class-3B3 X
Class-3B4 X
Class-3B5 X
2. Base Servicing Fee amount: $ 36,724.53
----------
3. Supplemental Servicing Fee amount: $ 41,086.68
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 97.860921 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: % 2.139079
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.42
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-12C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.034429
---------------------
Weighted average maturity 170.93
---------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO3 $ 3.85855833 $ 0.46913822 $ 0.00000000 % 0.00000000
3A1 $ 17.19564350 $ 13.23247003 $ 4.87951088 % 6.50000004
3A2 $ 0.00000000 $ 0.00000000 $ 5.41666522 % 6.49999826
3A3 $ 3.35316300 $ 2.58034200 $ 5.32824200 % 6.50000012
3A4 $ 13.63615900 $ 10.49335937 $ 4.99397031 % 6.49999999
SUP3$ 0.00000000 $ 0.00000000 $ 0.26735147 % 0.34951885
3R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
3M $ 3.35316136 $ 0.00000000 $ 5.32824198 % 6.50000009
3B1 $ 3.35316644 $ 0.00000000 $ 5.32823491 % 6.49999142
3B2 $ 3.35316644 $ 0.00000000 $ 5.32823491 % 6.49999142
3B3 $ 3.35316473 $ 0.00000000 $ 5.32824081 % 6.49999863
3B4 $ 3.35314371 $ 0.00000000 $ 5.32823491 % 6.49999157
3B5 $ 3.35316549 $ 0.00000000 $ 5.32822489 % 6.49997936
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 36,724.53
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 160,149,443.39
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 501
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO3 $ 634,123.88 $ 631,561.44 $ 951.02
3A1 $ 33,961,395.49 $ 33,313,119.73 $ 883.64 36157RMX0
3A2 $ 2,300,000.00 $ 2,300,000.00 $ 1,000.00 36157RMY8
3A3 $ 9,836,754.28 $ 9,803,222.65 $ 980.32 36157RMZ5
3A4 $ 112,311,890.08 $ 110,650,758.84 $ 908.33 36157RNA9
SUP3 $ 141,062,537.99 $ 138,795,038.63 $ 903.14
3R $ 0.00 $ 0.00 $ 0.00 36157RNE1
3M $ 1,298,468.29 $ 1,294,042.06 $ 980.32 36157RNB7
3B1 $ 432,822.11 $ 431,346.70 $ 980.32 36157RNC5
3B2 $ 432,822.11 $ 431,346.70 $ 980.32 36157RND3
3B3 $ 779,080.78 $ 776,425.04 $ 980.32 36157RPE9
3B4 $ 259,693.26 $ 258,808.02 $ 980.32 36157RPF6
3B5 $ 259,697.44 $ 258,812.19 $ 980.32 36157RPG4
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 3 Principal Balance $ 1,258,338.54
-------- -------------
2. 60-89 days
Number 2 Principal Balance $ 677,085.05
-------- -------------
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: % 0.34951885
-----------
Exhibit 99.43
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-12D, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 152,896.02
---------------
(b) Interest $ 1,155,674.10
---------------
(c) Total $ 1,308,570.12
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 131,416.55
---------------
(b) Interest $ 997,070.65
---------------
(c) Total $ 1,128,487.20
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 21,479.47
---------------
(b) Interest $ 158,603.45
---------------
(c) Total $ 180,082.92
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 73,456.95
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,066,796.19
---------------
(b) Interest $ 6,682.06
---------------
(c) Total $ 1,073,478.25
---------------
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: $ 188,380,390.58
---------------
13. Available Funds: $ 2,358,220.31
---------------
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: $ 887.31
----------------
18. Total interest payments: $ 1,065,071.15
----------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO4 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
4A1 $ 369,404.44 $ 0.00 $ 369,404.44 % 6.750000015
4A2 $ 59,894.91 $ 0.00 $ 59,894.91 % 6.446560175
4A3 $ 23,723.98 $ 0.00 $ 23,723.98 % 7.660320284
4A4 $ 113,287.50 $ 0.00 $ 113,287.50 % 6.750000000
4A5 $ 235,286.60 $ 0.00 $ 235,286.60 % 6.749999951
4A6 $ 96,702.56 $ 0.00 $ 96,702.56 % 6.749999887
4A7 $ 18,229.17 $ 0.00 $ 18,229.17 % 7.000001280
4A8 $ 16,927.08 $ 0.00 $ 16,927.08 % 6.499998720
4A9 $ 18,562.50 $ 0.00 $ 18,562.50 % 6.750000000
4A10 $ 18,083.33 $ 0.00 $ 18,083.33 % 6.999998710
4A11 $ 16,791.67 $ 0.00 $ 16,791.67 % 6.500001290
4A12 $ 21,093.75 $ 0.00 $ 21,093.75 % 6.750000000
4A13 $ 11,952.56 $ 0.00 $ 11,952.56 % 6.749998588
SUP4 $ 58,340.06 $ 0.00 $ 58,340.06 % 0.404928823
4R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
4M $ 20,873.13 $ 0.00 $ 20,873.13 % 6.750000267
4B1 $ 9,026.21 $ 0.00 $ 9,026.21 % 6.749996490
4B2 $ 5,077.25 $ 0.00 $ 5,077.25 % 6.750006523
4B3 $ 4,513.11 $ 0.00 $ 4,513.11 % 6.750003926
4B4 $ 2,256.55 $ 0.00 $ 2,256.55 % 6.749997383
4B5 $ 3,384.85 $ 0.00 $ 3,384.85 % 6.749996199
20. Principal Distribution Amount: $ 1,293,149.16
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO4 $ 340.16 $ 0.00
Class 4A1 $ 670,673.55 $ 0.00
Class 4A2 $ 0.00 $ 0.00
Class 4A3 $ 0.00 $ 0.00
Class 4A4 $ 0.00 $ 0.00
Class 4A5 $ 360,954.71 $ 0.00
Class 4A6 $ 254,714.45 $ 0.00
Class 4A7 $ 0.00 $ 0.00
Class 4A8 $ 0.00 $ 0.00
Class 4A9 $ 0.00 $ 0.00
Class 4A10 $ 0.00 $ 0.00
Class 4A11 $ 0.00 $ 0.00
Class 4A12 $ 0.00 $ 0.00
Class 4A13 $ 0.00 $ 0.00
Class SUP4 $ 0.00 $ 0.00
Class 4R $ 0.00 $ 0.00
Class 4M $ 2,990.66 $ 0.00
Class 4B1 $ 1,293.26 $ 0.00
Class 4B2 $ 727.46 $ 0.00
Class 4B3 $ 646.63 $ 0.00
Class 4B4 $ 323.31 $ 0.00
Class 4B5 $ 484.97 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
4B1 $ 0.00 $ 0.00
4B2 $ 0.00 $ 0.00
4B3 $ 0.00 $ 0.00
4B4 $ 0.00 $ 0.00
4B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 4A2 % 6.44656017
Class 4A3 % 7.66032028
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-4B1 X
Class-4B2 X
Class-4B3 X
Class-4B4 X
Class-4B5 X
2. Base Servicing Fee amount: $ 44,324.10
------------
3. Supplemental Servicing Fee amount: $ 58,340.06
------------
4. Credit Losses for prior month: $ 0.00
------------
Category Category Category
A B C
5. Senior Percentage: % 95.762621 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: % 4.237379
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.44
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-12D, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.357948
----------------------
Weighted average maturity 352.39
----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO4 $ 1.03331794 $ 0.13721476 $ 0.00000000 %0.00000000
4A1 $ 9.34736655 $ 8.28546063 $ 5.14849394 %6.75000001
4A2 $ 0.00000000 $ 0.00000000 $ 5.37213348 %6.44656017
4A3 $ 0.00000000 $ 0.00000000 $ 6.38360024 %7.66032028
4A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
4A5 $ 8.00343038 $ 7.09420200 $ 5.21699778 %6.74999995
4A6 $ 13.06227949 $ 11.57834154 $ 4.95910564 %6.74999989
4A7 $ 0.00000000 $ 0.00000000 $ 5.83333440 %7.00000128
4A8 $ 0.00000000 $ 0.00000000 $ 5.41666560 %6.49999872
4A9 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
4A10$ 0.00000000 $ 0.00000000 $ 5.83333226 %6.99999871
4A11$ 0.00000000 $ 0.00000000 $ 5.41666774 %6.50000129
4A12$ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
4A13$ 0.00000000 $ 0.00000000 $ 5.62499882 %6.74999859
SUP4$ 0.00000000 $ 0.00000000 $ 0.31621179 %0.40492882
4R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
4M $ 0.80281002 $ 0.00000000 $ 5.60316382 %6.75000027
4B1 $ 0.80281132 $ 0.00000000 $ 5.60316069 %6.74999649
4B2 $ 0.80281281 $ 0.00000000 $ 5.60316905 %6.75000652
4B3 $ 0.80281132 $ 0.00000000 $ 5.60316690 %6.75000393
4B4 $ 0.80279990 $ 0.00000000 $ 5.60316144 %6.74999738
4B5 $ 0.80280211 $ 0.00000000 $ 5.60316044 %6.74999620
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:
$ 44,324.10
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 188,380,390.58
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 608
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO4 $ 327,556.89 $ 327,216.73 $ 994.00
4A1 $ 65,671,900.30 $ 65,001,226.75 $ 905.94 36157RNF8
4A2 $ 11,149,185.00 $ 11,149,185.00 $ 1,000.00 36157RNG6
4A3 $ 3,716,395.00 $ 3,716,395.00 $ 1,000.00 36157RNH4
4A4 $ 20,140,000.00 $ 20,140,000.00 $ 1,000.00 36157RNJ0
4A5 $ 41,828,729.19 $ 41,467,774.48 $ 919.46 36157RNK7
4A6 $ 17,191,566.51 $ 16,936,852.06 $ 868.56 36157RNL5
4A7 $ 3,125,000.00 $ 3,125,000.00 $ 1,000.00 36157RNM3
4A8 $ 3,125,000.00 $ 3,125,000.00 $ 1,000.00 36157RNN1
4A9 $ 3,300,000.00 $ 3,300,000.00 $ 1,000.00 36157RNP6
4A10 $ 3,100,000.00 $ 3,100,000.00 $ 1,000.00 36157RNQ4
4A11 $ 3,100,000.00 $ 3,100,000.00 $ 1,000.00 36157RNR2
4A12 $ 3,750,000.00 $ 3,750,000.00 $ 1,000.00 36157RNS0
4A13 $ 2,124,900.00 $ 2,124,900.00 $ 1,000.00 36157RNT8
SUP4 $ 172,889,821.72 $ 171,613,901.52 $ 930.17
4R $ 0.00 $ 0.00 $ 0.00 36157RNX9
4M $ 3,710,778.52 $ 3,707,787.87 $ 995.32 36157RNU5
4B1 $ 1,604,660.39 $ 1,603,367.13 $ 995.32 36157RNV3
4B2 $ 902,621.35 $ 901,893.89 $ 995.32 36157RNW1
4B3 $ 802,330.20 $ 801,683.57 $ 995.32 36157RPH2
4B4 $ 401,164.60 $ 400,841.29 $ 995.32 36157RPJ8
4B5 $ 601,751.45 $ 601,266.48 $ 995.32 36157RPK5
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 1 Principal Balance $ 370,936.94
-------- -----------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -----------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -----------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -----------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -----------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
4A2 % 6.44656017
4A3 % 7.66032028
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: % 0.40492882
------------
Exhibit 99.45
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-13, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of August 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 683,221.74
---------------
(b) Interest $ 5,143,588.73
---------------
(c) Total $ 5,826,810.47
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 593,954.20
---------------
(b) Interest $ 4,461,271.44
---------------
(c) Total $ 5,055,225.64
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 89,267.54
---------------
(b) Interest $ 682,317.29
---------------
(c) Total $ 771,584.83
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 293,108.76
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 8,971,547.56
---------------
(b) Interest $ 54,991.07
---------------
(c) Total $ 9,026,538.63
---------------
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: $ 840,683,780.71
---------------
13. Available Funds: $ 14,725,743.48
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 13,445.68
-------------
18. Total interest payments: $ 4,777,865.43
-------------
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 $ 262,872.73 $ 0.00 $ 262,872.73 %6.750000013
A2 $ 145,937.71 $ 0.00 $ 145,937.71 %6.749999836
A3 $ 575,367.66 $ 0.00 $ 575,367.66 %6.749999993
A4 $ 526,991.99 $ 0.00 $ 526,991.99 %6.749999937
A5 $ 123,193.13 $ 0.00 $ 123,193.13 %6.750000274
A6 $ 213,526.04 $ 0.00 $ 213,526.04 %6.249999951
A7 $ 104,166.67 $ 0.00 $ 104,166.67 %6.250000200
A8 $ 156,250.00 $ 0.00 $ 156,250.00 %6.250000000
A9 $ 169,870.95 $ 0.00 $ 169,870.95 %6.249999885
A10 $ 176,220.99 $ 0.00 $ 176,220.99 %5.987499949
A11 $ 73,946.60 $ 0.00 $ 73,946.60 %2.512500150
A12 $ 315,752.32 $ 0.00 $ 315,752.32 %6.087500039
A13 $ 125,133.86 $ 0.00 $ 125,133.86 %9.305355848
A14 $ 313,452.30 $ 0.00 $ 313,452.30 %6.750000092
A15 $ 372,620.31 $ 0.00 $ 372,620.31 %6.187499965
A16 $ 84,584.14 $ 0.00 $ 84,584.14 %8.919642688
A17 $ 31,033.45 $ 0.00 $ 31,033.45 %8.683357319
A18 $ 23,644.53 $ 0.00 $ 23,644.53 %9.249999145
A19 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A20 $ 198,099.87 $ 0.00 $ 198,099.87 %6.487500092
A21 $ 76,720.76 $ 0.00 $ 76,720.76 %7.537500215
A22 $ 149,103.86 $ 0.00 $ 149,103.86 %6.437499906
A23 $ 47,771.14 $ 0.00 $ 47,771.14 %7.955357581
A24 $ 215,971.88 $ 0.00 $ 215,971.88 %6.750000156
A25 $ 67,328.09 $ 0.00 $ 67,328.09 %6.487500391
A26 $ 26,075.04 $ 0.00 $ 26,075.04 %7.537500271
RL $ 0.00 $ 0.00 $ 0.00 %0.000000000
M $ 93,531.64 $ 0.00 $ 93,531.64 %6.749999968
B1 $ 40,446.27 $ 0.00 $ 40,446.27 %6.750000610
B2 $ 22,749.27 $ 0.00 $ 22,749.27 %6.749999260
B3 $ 20,223.13 $ 0.00 $ 20,223.13 %6.749998951
B4 $ 10,110.16 $ 0.00 $ 10,110.16 %6.749996837
B5 $ 15,168.92 $ 0.00 $ 15,168.92 %6.749998470
20. Principal Distribution Amount: $ 9,947,878.05
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,218.85 $ 0.00
Class A1 $ 833,587.23 $ 0.00
Class A2 $ 703,422.49 $ 0.00
Class A3 $ 1,503,828.23 $ 0.00
Class A4 $ 1,230,868.16 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 1,561,165.85 $ 0.00
Class A13 $ 404,746.71 $ 0.00
Class A14 $ 793,575.14 $ 0.00
Class A15 $ 2,292,295.54 $ 0.00
Class A16 $ 41,266.19 $ 0.00
Class A17 $ 322,424.51 $ 0.00
Class A18 $ 230,608.15 $ 0.00
Class A19 $ 0.00 $ 0.00
Class A20 $ 0.00 $ 0.00
Class A21 $ 0.00 $ 0.00
Class A22 $ 0.00 $ 0.00
Class A23 $ 0.00 $ 0.00
Class A24 $ 0.00 $ 0.00
Class A25 $ 0.00 $ 0.00
Class A26 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 13,352.91 $ 0.00
Class B1 $ 5,774.26 $ 0.00
Class B2 $ 3,247.77 $ 0.00
Class B3 $ 2,887.13 $ 0.00
Class B4 $ 1,443.36 $ 0.00
Class B5 $ 2,165.57 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
--------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.02
--------------
24. Subordinate Certificate Writedown Amount: $ 0.00
--------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
--------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A10 % 5.98749995
Class A11 % 2.51250015
Class A12 % 6.08750004
Class A13 % 9.30535585
Class A15 % 6.18749996
Class A16 % 8.91964269
Class A17 % 8.68335732
Class A18 % 9.24999915
Class A20 % 6.48750009
Class A21 % 7.53750021
Class A22 % 6.43749991
Class A23 % 7.95535758
Class A25 % 6.48750039
Class A26 % 7.53750027
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: $ 192,455.98
-----------
3. Supplemental Servicing Fee amount: $ 247,510.64
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.767369 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: % 4.232631
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
--------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.46
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-13, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of August 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.338315
-------------------------
Weighted average maturity 352.96
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.20000000 %0.00000000
PO $ 0.98420235 $ 0.08267025 $ 0.00000000 %0.00000000
A1 $ 16.34228415 $ 15.26590104 $ 5.15355885 %6.75000001
A2 $ 23.80287256 $ 22.23509847 $ 4.93833615 %6.74999984
A3 $ 13.67116573 $ 12.77071555 $ 5.23061509 %6.74999999
A4 $ 12.30868160 $ 11.49797140 $ 5.26991990 %6.74999994
A5 $ 0.00000000 $ 0.00000000 $ 5.62500023 %6.75000027
A6 $ 0.00000000 $ 0.00000000 $ 5.20833329 %6.24999995
A7 $ 0.00000000 $ 0.00000000 $ 5.20833350 %6.25000020
A8 $ 0.00000000 $ 0.00000000 $ 5.20833333 %6.25000000
A9 $ 0.00000000 $ 0.00000000 $ 5.20833324 %6.24999989
A10 $ 0.00000000 $ 0.00000000 $ 4.98958329 %5.98749995
A11 $ 0.00000000 $ 0.00000000 $ 2.09375012 %2.51250015
A12 $ 24.03324459 $ 22.45029707 $ 4.86082420 %6.08750004
A13 $ 24.03324471 $ 22.45029695 $ 7.43025849 %9.30535585
A14 $ 13.70075515 $ 12.79835607 $ 5.41162771 %6.75000009
A15 $ 30.31936794 $ 28.32238536 $ 4.92851471 %6.18749996
A16 $ 3.58431252 $ 3.34823243 $ 7.34683749 %8.91964269
A17 $ 68.37445102 $ 63.87097212 $ 6.58106019 %8.68335732
A18 $ 68.37445044 $ 63.87097195 $ 7.01051435 %9.24999915
A19 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A20 $ 0.00000000 $ 0.00000000 $ 5.40625008 %6.48750009
A21 $ 0.00000000 $ 0.00000000 $ 6.28125018 %7.53750021
A22 $ 0.00000000 $ 0.00000000 $ 5.36458325 %6.43749991
A23 $ 0.00000000 $ 0.00000000 $ 6.62946465 %7.95535758
A24 $ 0.00000000 $ 0.00000000 $ 5.62500013 %6.75000016
A25 $ 0.00000000 $ 0.00000000 $ 5.40625033 %6.48750039
A26 $ 0.00000000 $ 0.00000000 $ 6.28125023 %7.53750027
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
M $ 0.80053417 $ 0.00000000 $ 5.60741247 %6.74999997
B1 $ 0.80053514 $ 0.00000000 $ 5.60741300 %6.75000061
B2 $ 0.80053488 $ 0.00000000 $ 5.60741188 %6.74999926
B3 $ 0.80053514 $ 0.00000000 $ 5.60741162 %6.74999895
B4 $ 0.80053245 $ 0.00000000 $ 5.60740987 %6.74999684
B5 $ 0.80053435 $ 0.00000000 $ 5.60741123 %6.74999847
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 192,455.98
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 840,683,780.71
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,556
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RQN8
PO $ 1,233,358.50 $ 1,232,139.66 $ 994.93 GEC9813PO
A1 $ 46,732,929.69 $ 45,899,342.45 $ 899.85 36157RPL3
A2 $ 25,944,482.41 $ 25,241,059.92 $ 854.12 36157RPM1
A3 $ 102,287,584.10 $ 100,783,755.87 $ 916.22 36157RPN9
A4 $ 93,687,465.77 $ 92,456,597.61 $ 924.57 36157RPP4
A5 $ 21,901,000.00 $ 21,901,000.00 $ 1,000.00 36157RPQ2
A6 $ 40,997,000.00 $ 40,997,000.00 $ 1,000.00 36157RPR0
A7 $ 20,000,000.00 $ 20,000,000.00 $ 1,000.00 36157RPS8
A8 $ 30,000,000.00 $ 30,000,000.00 $ 1,000.00 36157RPT6
A9 $ 32,615,223.00 $ 32,615,223.00 $ 1,000.00 36157RPU3
A10 $ 35,317,777.00 $ 35,317,777.00 $ 1,000.00 36157RPV1
A11 $ 35,317,777.00 $ 35,317,777.00 $ 1,000.00 36157RPW9
A12 $ 62,242,756.73 $ 60,681,590.88 $ 934.16 36157RPX7
A13 $ 16,137,011.25 $ 15,732,264.55 $ 934.16 36157RPY5
A14 $ 55,724,852.57 $ 54,931,277.43 $ 948.37 36157RPZ2
A15 $ 72,265,757.50 $ 69,973,461.96 $ 925.51 36157RQA6
A16 $ 11,379,488.12 $ 11,338,221.93 $ 984.82 36157RQB4
A17 $ 4,288,679.90 $ 3,966,255.40 $ 841.10 36157RQC2
A18 $ 3,067,398.77 $ 2,836,790.62 $ 841.10 36157RQD0
A19 $ 0.00 $ 0.00 $ 0.00 36157RQE8
A20 $ 36,642,750.00 $ 36,642,750.00 $ 1,000.00 36157RQF5
A21 $ 12,214,250.00 $ 12,214,250.00 $ 1,000.00 36157RQG3
A22 $ 27,794,118.00 $ 27,794,118.00 $ 1,000.00 36157RQH1
A23 $ 7,205,882.00 $ 7,205,882.00 $ 1,000.00 36157RQJ7
A24 $ 38,395,000.00 $ 38,395,000.00 $ 1,000.00 36157RQK4
A25 $ 12,453,750.00 $ 12,453,750.00 $ 1,000.00 36157RQL2
A26 $ 4,151,250.00 $ 4,151,250.00 $ 1,000.00 36157RQM0
SUP $ 793,984,402.11 $ 784,092,532.77 $ 928.20 GE9813SUP
RL $ 0.00 $ 0.00 $ 0.00 36157RQP3
M $ 16,627,847.19 $ 16,614,494.28 $ 996.07 36157RQQ1
B1 $ 7,190,447.35 $ 7,184,673.09 $ 996.07 36157RQR9
B2 $ 4,044,315.11 $ 4,041,067.34 $ 996.07 36157RQS7
B3 $ 3,595,223.67 $ 3,592,336.55 $ 996.07 36157RQT5
B4 $ 1,797,362.62 $ 1,795,919.26 $ 996.07 36157RQU2
B5 $ 2,696,697.50 $ 2,694,531.93 $ 996.07 36157RQV0
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 11 Principal Balance $ 3,532,954.02
-------- -------------
2. 60-89 days
Number 2 Principal Balance $ 509,102.85
-------- -------------
3. 90 days or more
Number 1 Principal Balance $ 235,798.38
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A10 % 5.98749995
A11 % 2.51250015
A12 % 6.08750004
A13 % 9.30535585
A15 % 6.18749996
A16 % 8.91964269
A17 % 8.68335732
A18 % 9.24999915
A20 % 6.48750009
A21 % 7.53750021
A22 % 6.43749991
A23 % 7.95535758
A25 % 6.48750039
A26 % 7.53750027
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-----------
2. Bankruptcy Loss Amount: $ 0.00
-----------
3. Fraud Loss Amount: $ 0.00
-----------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.47
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-14, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of September 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 404,829.38
---------------
(b) Interest $ 3,026,477.91
---------------
(c) Total $ 3,431,307.29
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 326,483.70
---------------
(b) Interest $ 2,429,383.82
---------------
(c) Total $ 2,755,867.52
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 78,345.68
---------------
(b) Interest $ 597,094.09
---------------
(c) Total $ 675,439.77
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 294,879.85
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 6,775,335.45
---------------
(b) Interest $ 35,414.70
---------------
(c) Total $ 6,810,750.15
---------------
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 $ 148,356.62
---------------
(b) Interest $ 958.71
---------------
(c) Total $ 149,315.33
---------------
12. Pool Scheduled Principal Balance: $ 495,027,847.97
---------------
13. Available Funds: $ 10,445,959.14
---------------
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: $ 4,728.40
--------------
18. Total interest payments: $ 2,822,557.85
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 335,160.80 $ 0.00 $ 335,160.80 %6.249999948
A2 $ 412,792.33 $ 0.00 $ 412,792.33 %6.349999949
A3 $ 13,610.17 $ 0.00 $ 13,610.17 %6.350001555
A4 $ 201,846.84 $ 0.00 $ 201,846.84 %6.499999965
A5 $ 106,385.24 $ 0.00 $ 106,385.24 %6.546560007
A6 $ 23,619.21 $ 0.00 $ 23,619.21 %7.848576620
A9 $ 40,630.01 $ 0.00 $ 0.00 %6.750000625
A10 $ 379,960.07 $ 0.00 $ 379,960.07 %6.749999939
A11 $ 124,859.33 $ 0.00 $ 124,859.33 %6.199999955
A12 $ 535,195.27 $ 0.00 $ 535,195.27 %6.500000015
A7 $ 520,799.28 $ 0.00 $ 172,301.02 %8.219254949
A8 $ 9,646.48 $ 0.00 $ 9,646.48 %6.749999243
RL $ 0.00 $ 0.00 $ 0.00 %0.000000000
M $ 54,598.10 $ 0.00 $ 54,598.10 %6.749999888
B1 $ 23,609.99 $ 0.00 $ 23,609.99 %6.750000073
B2 $ 13,280.62 $ 0.00 $ 13,280.62 %6.749999203
B3 $ 11,804.99 $ 0.00 $ 11,804.99 %6.749998806
B4 $ 5,902.50 $ 0.00 $ 5,902.50 %6.750004524
B5 $ 8,856.62 $ 0.00 $ 8,856.62 %6.749999152
20. Principal Distribution Amount: $7,623,401.29
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,098.81 $ 0.00
Class A1 $ 495,558.22 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 179,359.91 $ 0.00
Class A5 $ 4,428,815.44 $ 0.00
Class A6 $ 820,151.01 $ 0.00
Class A9 $ 325,140.82 $ 40,630.01
Class A10 $ 1,068,494.75 $ 0.00
Class A11 $ 186,101.90 $ 0.00
Class A12 $ 489,528.17 $ 0.00
Class A7 $ 0.00 $ 348,498.26
Class A8 $ 1,380.92 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 7,815.88 $ 0.00
Class B1 $ 3,379.84 $ 0.00
Class B2 $ 1,901.16 $ 0.00
Class B3 $ 1,689.92 $ 0.00
Class B4 $ 844.96 $ 0.00
Class B5 $ 1,267.85 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A5 % 6.54656001
Class A6 % 7.84857662
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: $ 113,703.48
-----------
3. Supplemental Servicing Fee amount: $ 143,931.68
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.817523 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: % 4.182477
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.48
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-14, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of September 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.332671
-------------------------
Weighted average maturity 352.58
-------------------------
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 $ 1.26933940 $ 0.37789882 $ 0.00000000 %0.00000000
A1 $ 7.56358034 $ 7.17855126 $ 5.11547490 %6.24999995
A2 $ 0.00000000 $ 0.00000000 $ 5.29166662 %6.34999995
A3 $ 0.00000000 $ 0.00000000 $ 5.29166796 %6.35000156
A4 $ 4.75717874 $ 4.51501127 $ 5.35360157 %6.49999997
A5 $ 130.12176955 $ 123.49783449 $ 3.12567454 %6.54656001
A6 $ 130.12176996 $ 123.49783514 $ 3.74732625 %7.84857662
A9 $ 36.78226374 $ 39.89519198 $ 5.25274855 %6.75000063
A10 $ 15.08981556 $ 14.32165855 $ 5.36598554 %6.74999994
A11 $ 7.56358057 $ 7.17855151 $ 5.07455111 %6.19999996
A12 $ 4.89528170 $ 4.64608410 $ 5.35195270 %6.50000001
A7 $ 0.00000000 $ 0.00000000 $ 6.94399040 %8.21925495
A8 $ 0.80332752 $ 0.76243746 $ 5.61168121 %6.74999924
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
M $ 0.80332889 $ 0.00000000 $ 5.61168175 %6.74999989
B1 $ 0.80332889 $ 0.00000000 $ 5.61168191 %6.75000007
B2 $ 0.80343389 $ 0.00000000 $ 5.61241571 %6.74999920
B3 $ 0.80332908 $ 0.00000000 $ 5.61168086 %6.74999881
B4 $ 0.80332908 $ 0.00000000 $ 5.61168562 %6.75000452
B5 $ 0.80332790 $ 0.00000000 $ 5.61168115 %6.74999915
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
A9 $ 40,630.01
A7 $ 348,498.26
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 113,703.48
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 495,027,847.97
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,550
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RRJ6
PO $ 863,186.20 $ 862,087.39 $ 995.88 GEC9814PO
A1 $ 64,350,874.14 $ 63,855,315.92 $ 974.61 36157RQW8
A2 $ 78,008,000.00 $ 78,008,000.00 $ 1,000.00 36157RQX6
A3 $ 2,572,000.00 $ 2,572,000.00 $ 1,000.00 36157RQY4
A4 $ 37,264,032.20 $ 37,084,672.30 $ 983.60 36157RQZ1
A5 $ 19,500,667.20 $ 15,071,851.76 $ 442.82 36157RRA5
A6 $ 3,611,234.67 $ 2,791,083.66 $ 442.82 36157RRB3
A9 $ 7,223,112.22 $ 6,938,601.41 $ 897.04 36157RRE7
A10 $ 67,548,457.50 $ 66,479,962.75 $ 938.86 36157RRF4
A11 $ 24,166,322.11 $ 23,980,220.21 $ 974.61 36157RRG2
A12 $ 98,805,280.39 $ 98,315,752.22 $ 983.16 36157RRH0
A7 $ 76,035,983.78 $ 76,384,482.04 $ 1,018.46 36157RRC1
A8 $ 1,714,929.97 $ 1,713,549.05 $ 996.83 36157RRD9
SUP $ 461,854,243.03 $ 454,273,365.05 $ 936.64 GE9814SUP
RL $ 0.00 $ 0.00 $ 0.00 36157RRK3
M $ 9,706,329.05 $ 9,698,513.17 $ 996.83 36157RRL1
B1 $ 4,197,331.51 $ 4,193,951.67 $ 996.83 36157RRM9
B2 $ 2,360,999.39 $ 2,359,098.23 $ 996.96 36157RRN7
B3 $ 2,098,665.26 $ 2,096,975.34 $ 996.83 36157RSX4
B4 $ 1,049,332.63 $ 1,048,487.67 $ 996.83 36157RSY2
B5 $ 1,574,510.42 $ 1,573,242.57 $ 996.83 36157RSZ9
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 13 Principal Balance $ 4,782,888.17
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 247,185.69
-------- -------------
3. 90 days or more
Number 1 Principal Balance $ 319,250.76
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A5 % 6.54656001
A6 % 7.84857662
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------
2. Bankruptcy Loss Amount: $ 0.00
------------
3. Fraud Loss Amount: $ 0.00
------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.49
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-15, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of September 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 362,816.59
---------------
(b) Interest $ 2,735,021.81
---------------
(c) Total $ 3,097,838.40
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 277,390.69
---------------
(b) Interest $ 2,092,526.39
---------------
(c) Total $ 2,369,917.08
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 85,425.90
---------------
(b) Interest $ 642,495.42
---------------
(c) Total $ 727,921.32
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 150,496.64
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,062,217.14
---------------
(b) Interest $ 18,492.46
---------------
(c) Total $ 3,080,709.60
---------------
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: $ 448,344,929.34
---------------
13. Available Funds: $ 6,112,548.04
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
---------------
17. Compensating Interest Payment: $ 908.41
---------------
18. Total interest payments: $ 2,537,017.66
---------------
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 $ 1,362,033.24 $ 0.00 $ 1,362,033.24 %6.749999995
A2 $ 474,293.13 $ 0.00 $ 474,293.13 %6.749999957
A3 $ 159,908.11 $ 0.00 $ 159,908.11 %6.346559966
A4 $ 54,258.14 $ 0.00 $ 54,258.14 %8.306125774
A5 $ 8,437.50 $ 0.00 $ 8,437.50 %6.750000000
A6 $ 8,437.50 $ 0.00 $ 8,437.50 %6.750000000
A7 $ 11,250.00 $ 0.00 $ 11,250.00 %6.750000000
A8 $ 46,428.57 $ 0.00 $ 46,428.57 %6.499999475
A9 $ 29,166.67 $ 0.00 $ 29,166.67 %7.000000800
A10 $ 8,779.76 $ 0.00 $ 8,779.76 %7.375000613
A11 $ 267,187.50 $ 0.00 $ 267,187.50 %6.750000000
M $ 49,409.98 $ 0.00 $ 49,409.98 %6.749999727
B1 $ 21,366.48 $ 0.00 $ 21,366.48 %6.750000503
B2 $ 12,018.64 $ 0.00 $ 12,018.64 %6.749998866
B3 $ 10,683.24 $ 0.00 $ 10,683.24 %6.750000521
B4 $ 5,341.62 $ 0.00 $ 5,341.62 %6.750004075
B5 $ 8,017.58 $ 0.00 $ 8,017.58 %6.749997706
20. Principal Distribution Amount: $ 3,575,530.38
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 880.14 $ 0.00
Class A1 $ 2,851,056.57 $ 0.00
Class A2 $ 708,348.35 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 7,050.62 $ 0.00
Class B1 $ 3,048.92 $ 0.00
Class B2 $ 1,715.01 $ 0.00
Class B3 $ 1,524.46 $ 0.00
Class B4 $ 762.23 $ 0.00
Class B5 $ 1,144.08 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
----------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A3 % 6.34655997
Class A4 % 8.30612577
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: $ 105,295.43
-----------
3. Supplemental Servicing Fee amount: $ 122,589.08
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.788853 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: % 4.211147
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.50
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-15, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of September 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.315068
-------------------------
Weighted average maturity 353.59
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 0.98025246 $ 0.09622766 $ 0.00000000 %0.00000000
A1 $ 10.90991964 $ 9.84701301 $ 5.21198820 %6.75000000
A2 $ 7.95128696 $ 7.17662719 $ 5.32399176 %6.74999996
A3 $ 0.00000000 $ 0.00000000 $ 5.28879997 %6.34655997
A4 $ 0.00000000 $ 0.00000000 $ 6.92177148 %8.30612577
A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A6 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A7 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A8 $ 0.00000000 $ 0.00000000 $ 5.41666623 %6.49999948
A9 $ 0.00000000 $ 0.00000000 $ 5.83333400 %7.00000080
A10 $ 0.00000000 $ 0.00000000 $ 6.14583384 %7.37500061
A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
M $ 0.80079086 $ 0.00000000 $ 5.61185548 %6.74999973
B1 $ 0.80079173 $ 0.00000000 $ 5.61185613 %6.75000050
B2 $ 0.80078836 $ 0.00000000 $ 5.61185477 %6.74999887
B3 $ 0.80079173 $ 0.00000000 $ 5.61185613 %6.75000052
B4 $ 0.80079215 $ 0.00000000 $ 5.61185907 %6.75000408
B5 $ 0.80079148 $ 0.00000000 $ 5.61185385 %6.74999771
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:
$ 105,295.43
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 448,344,929.34
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,310
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RSA4
PO $ 895,096.00 $ 894,215.86 $ 995.93 GEC9815PO
A1 $ 242,139,242.84 $ 239,288,186.27 $ 915.67 36157RRP2
A2 $ 84,318,779.20 $ 83,610,430.85 $ 938.54 36157RRQ0
A3 $ 30,235,235.00 $ 30,235,235.00 $ 1,000.00 36157RRR8
A4 $ 7,838,765.00 $ 7,838,765.00 $ 1,000.00 36157RRS6
A5 $ 1,500,000.00 $ 1,500,000.00 $ 1,000.00 36157RRT4
A6 $ 1,500,000.00 $ 1,500,000.00 $ 1,000.00 36157RRU1
A7 $ 2,000,000.00 $ 2,000,000.00 $ 1,000.00 36157RRV9
A8 $ 8,571,429.00 $ 8,571,429.00 $ 1,000.00 36157RRW7
A9 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36157RRX5
A10 $ 1,428,571.00 $ 1,428,571.00 $ 1,000.00 36157RRY3
A11 $ 47,500,000.00 $ 47,500,000.00 $ 1,000.00 36157RRZ0
SUP $ 408,026,284.09 $ 404,496,749.50 $ 936.60 GE9815SUP
M $ 8,783,996.80 $ 8,776,946.18 $ 996.86 36157RSB2
B1 $ 3,798,485.05 $ 3,795,436.13 $ 996.86 36157RSC0
B2 $ 2,136,647.47 $ 2,134,932.45 $ 996.86 36157RSD8
B3 $ 1,899,242.52 $ 1,897,718.07 $ 996.86 36157RSR7
B4 $ 949,620.76 $ 948,858.53 $ 996.86 36157RSS5
B5 $ 1,425,348.04 $ 1,424,203.96 $ 996.86 36157RST3
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 12 Principal Balance $ 3,492,167.73
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 498,879.79
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A3 % 6.34655997
A4 % 8.30612577
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.51
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-16, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of September 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 805,084.44
---------------
(b) Interest $ 1,416,882.96
---------------
(c) Total $ 2,221,967.40
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 416,031.42
---------------
(b) Interest $ 729,142.62
---------------
(c) Total $ 1,145,174.04
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 389,053.02
---------------
(b) Interest $ 687,740.34
---------------
(c) Total $ 1,076,793.36
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 84,499.85
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,018,031.81
---------------
(b) Interest $ 11,530.12
---------------
(c) Total $ 2,029,561.93
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 239,121,141.62
---------------
13. Available Funds: $ 4,216,228.68
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
--------------
17. Compensating Interest Payment: $ 3,034.73
--------------
18. Total interest payments: $ 1,308,612.58
--------------
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 $ 277,554.20 $ 0.00 $ 277,554.20 %6.500000054
A2 $ 36,562.50 $ 0.00 $ 36,562.50 %6.500000000
A3 $ 144,822.36 $ 0.00 $ 144,822.36 %6.499999930
A5 $ 253,227.43 $ 0.00 $ 253,227.43 %6.250000113
A4 $ 10,129.10 $ 0.00 $ 10,129.10 %0.250000074
A6 $ 559,561.94 $ 0.00 $ 559,561.94 %6.499999959
RL $ 0.00 $ 0.00 $ 0.00 %0.000000000
M $ 10,033.14 $ 0.00 $ 10,033.14 %6.499998035
B1 $ 3,344.38 $ 0.00 $ 3,344.38 %6.500004948
B2 $ 3,344.38 $ 0.00 $ 3,344.38 %6.500004948
B3 $ 6,019.88 $ 0.00 $ 6,019.88 %6.499994862
B4 $ 2,006.63 $ 0.00 $ 2,006.63 %6.500011391
B5 $ 2,006.64 $ 0.00 $ 2,006.64 %6.499988514
20. Principal Distribution Amount: $ 2,907,616.10
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,632.88 $ 0.00
Class A1 $ 789,834.03 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 88,927.85 $ 0.00
Class A5 $ 749,431.80 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A6 $ 1,261,360.65 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 6,160.83 $ 0.00
Class B1 $ 2,053.61 $ 0.00
Class B2 $ 2,053.61 $ 0.00
Class B3 $ 3,696.50 $ 0.00
Class B4 $ 1,232.16 $ 0.00
Class B5 $ 1,232.18 $ 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: $ 102,854.99
-----------
3. Supplemental Servicing Fee amount: $ 67,409.61
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 97.955464 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: % 2.044536
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.52
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-16, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of September 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.086533
-------------------------
Weighted average maturity 172.43
-------------------------
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 $ 3.68157970 $ 0.22348132 $ 0.00000000 % 0.00000000
A1 $ 14.84023377 $ 10.79771707 $ 5.21498069 % 6.50000005
A2 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
A3 $ 3.29362407 $ 2.39643259 $ 5.36379111 % 6.49999993
A5 $ 14.84023366 $ 10.79771703 $ 5.01440455 % 6.25000011
A4 $ 0.00000000 $ 0.00000000 $ 0.20057624 % 0.25000007
A6 $ 11.84376197 $ 8.61749174 $ 5.25410272 % 6.49999996
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
M $ 3.29362449 $ 0.00000000 $ 5.36378955 % 6.49999803
B1 $ 3.29362801 $ 0.00000000 $ 5.36379529 % 6.50000495
B2 $ 3.29362801 $ 0.00000000 $ 5.36379529 % 6.50000495
B3 $ 3.29362686 $ 0.00000000 $ 5.36378694 % 6.49999486
B4 $ 3.29361197 $ 0.00000000 $ 5.36380063 % 6.50001139
B5 $ 3.29363735 $ 0.00000000 $ 5.36378163 % 6.49998851
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 102,854.99
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 239,121,141.62
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 779
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RSL0
PO $ 438,742.92 $ 437,110.04 $ 985.53 GEC9816PO
A1 $ 51,240,774.96 $ 50,450,940.93 $ 947.93 36157RSE6
A2 $ 6,750,000.00 $ 6,750,000.00 $ 1,000.00 36157RSF3
A3 $ 26,736,435.98 $ 26,647,508.13 $ 986.94 36157RSG1
A5 $ 48,619,665.68 $ 47,870,233.87 $ 947.93 36157RSJ5
A4 $ 48,619,665.68 $ 47,870,233.87 $ 947.93 36157RSH9
A6 $ 103,303,743.42 $ 102,042,382.78 $ 958.14 36157RSK2
SUP $ 218,167,434.18 $ 215,350,034.03 $ 955.90 GE9816SUP
RL $ 0.00 $ 0.00 $ 0.00 GEC9816RL
M $ 1,852,272.56 $ 1,846,111.73 $ 986.94 36157RSM8
B1 $ 617,423.53 $ 615,369.92 $ 986.94 36157RSN6
B2 $ 617,423.53 $ 615,369.92 $ 986.94 36157RSP1
B3 $ 1,111,363.34 $ 1,107,666.84 $ 986.94 36157RSU0
B4 $ 370,454.12 $ 369,221.95 $ 986.94 36157RSV8
B5 $ 370,457.27 $ 369,225.10 $ 986.94 36157RSW6
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 3 Principal Balance $ 1,003,410.04
-------- -------------
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 99.53
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-17, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 412,670.32
---------------
(b) Interest $ 3,078,418.72
---------------
(c) Total $ 3,491,089.04
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 346,709.84
---------------
(b) Interest $ 2,572,280.67
---------------
(c) Total $ 2,918,990.51
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 65,960.48
---------------
(b) Interest $ 506,138.05
---------------
(c) Total $ 572,098.53
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 398,107.00
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,818,704.94
---------------
(b) Interest $ 23,011.38
---------------
(c) Total $ 3,841,716.32
---------------
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: $ 506,482,260.00
---------------
13. Available Funds: $ 7,498,932.33
---------------
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: $ 7,869.49
---------------
18. Total interest payments: $ 2,869,450.08
---------------
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 $ 551,874.06 $ 0.00 $ 551,874.06 %6.750000040
A2 $ 41,461.88 $ 0.00 $ 41,461.88 %6.750000814
A3 $ 280,816.25 $ 0.00 $ 280,816.25 %6.750000030
A4 $ 270,936.25 $ 0.00 $ 270,936.25 %6.750000031
A5 $ 183,877.94 $ 0.00 $ 183,877.94 %6.750000115
A6 $ 982,404.08 $ 0.00 $ 982,404.08 %6.750000013
A7 $ 54,405.00 $ 0.00 $ 54,405.00 %6.750000000
A9 $ 132,749.34 $ 0.00 $ 132,749.34 %6.500000038
A8 $ 5,105.74 $ 0.00 $ 5,105.74 %0.249999813
A10 $ 79,327.73 $ 0.00 $ 79,327.73 %6.487500151
A11 $ 30,722.30 $ 0.00 $ 30,722.30 %7.537499134
A12 $ 99,112.50 $ 0.00 $ 99,112.50 %6.750000000
A13 $ 39,418.65 $ 0.00 $ 39,418.65 %6.750000000
RL $ 0.00 $ 0.00 $ 0.00 %0.000000000
M $ 43,962.87 $ 0.00 $ 43,962.87 %6.750000357
B1 $ 21,981.43 $ 0.00 $ 21,981.43 %6.749998822
B2 $ 14,652.42 $ 0.00 $ 14,652.42 %6.750001287
B3 $ 19,055.44 $ 0.00 $ 19,055.44 %6.749998840
B4 $ 8,789.20 $ 0.00 $ 8,789.20 %6.749997038
B5 $ 8,797.00 $ 0.00 $ 8,797.00 %6.750003544
20. Principal Distribution Amount: $ 4,629,482.25
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,327.65 $ 0.00
Class A1 $ 1,087,396.50 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 40,299.29 $ 0.00
Class A4 $ 896,152.57 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 2,269,075.41 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A9 $ 318,406.23 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class A13 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 6,309.01 $ 0.00
Class B1 $ 3,154.50 $ 0.00
Class B2 $ 2,102.73 $ 0.00
Class B3 $ 2,734.60 $ 0.00
Class B4 $ 1,261.32 $ 0.00
Class B5 $ 1,262.44 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A10 % 6.48750015
Class A11 % 7.53749913
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: $ 119,330.54
-----------
3. Supplemental Servicing Fee amount: $ 129,271.00
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.914257 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: % 4.085743
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.54
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-17, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.289377
-----------------------
Weighted average maturity 354.12
-----------------------
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 $ 1.34152429 $ 0.45009496 $ 0.00000000 % 0.00000000
A1 $ 10.80412476 $ 9.87874422 $ 5.48329537 % 6.75000004
A2 $ 0.00000000 $ 0.00000000 $ 5.62500068 % 6.75000081
A3 $ 0.80595419 $ 0.73692370 $ 5.61610474 % 6.75000003
A4 $ 17.83175283 $ 16.30445121 $ 5.39112245 % 6.75000003
A5 $ 0.00000000 $ 0.00000000 $ 5.62500010 % 6.75000011
A6 $ 12.61014923 $ 11.53008149 $ 5.45960791 % 6.75000001
A7 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A9 $ 12.61014922 $ 11.53008137 $ 5.25740023 % 6.50000004
A8 $ 0.00000000 $ 0.00000000 $ 0.20220755 % 0.24999981
A10 $ 0.00000000 $ 0.00000000 $ 5.40625013 % 6.48750015
A11 $ 0.00000000 $ 0.00000000 $ 6.28124928 % 7.53749913
A12 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A13 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
M $ 0.80595427 $ 0.00000000 $ 5.61610501 % 6.75000036
B1 $ 0.80595299 $ 0.00000000 $ 5.61610373 % 6.74999882
B2 $ 0.80595247 $ 0.00000000 $ 5.61610579 % 6.75000129
B3 $ 0.80595343 $ 0.00000000 $ 5.61610374 % 6.74999884
B4 $ 0.80595527 $ 0.00000000 $ 5.61610224 % 6.74999704
B5 $ 0.80595643 $ 0.00000000 $ 5.61610748 % 6.75000354
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:
$ 119,330.54
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 506,482,260.00
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,526
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RTM7
PO $ 987,286.39 $ 985,958.73 $ 996.26 GEC9817PO
A1 $ 98,110,943.42 $ 97,023,546.91 $ 964.00 36157RTA3
A2 $ 7,371,000.00 $ 7,371,000.00 $ 1,000.00 36157RTB1
A3 $ 49,922,888.67 $ 49,882,589.38 $ 997.61 36157RTC9
A4 $ 48,166,444.22 $ 47,270,291.64 $ 940.59 36157RTD7
A5 $ 32,689,411.00 $ 32,689,411.00 $ 1,000.00 36157RTE5
A6 $ 174,649,613.88 $ 172,380,538.47 $ 957.99 36157RTF2
A7 $ 9,672,000.00 $ 9,672,000.00 $ 1,000.00 36157RTG0
A9 $ 24,507,570.32 $ 24,189,164.09 $ 957.99 36157RTJ4
A8 $ 24,507,570.32 $ 24,189,164.09 $ 957.99 36157RTH8
A10 $ 14,673,337.00 $ 14,673,337.00 $ 1,000.00 36157RTK1
A11 $ 4,891,113.00 $ 4,891,113.00 $ 1,000.00 36157RTL9
A12 $ 17,620,000.00 $ 17,620,000.00 $ 1,000.00 36157RUY9
A13 $ 7,007,760.00 $ 7,007,760.00 $ 1,000.00 36157RUZ6
SUP $ 463,853,975.66 $ 459,284,339.22 $ 967.88 GE9817SUP
RL $ 0.00 $ 0.00 $ 0.00 36157RTN5
M $ 7,815,620.92 $ 7,809,311.91 $ 997.61 36157RTP0
B1 $ 3,907,810.46 $ 3,904,655.96 $ 997.61 36157RTQ8
B2 $ 2,604,874.17 $ 2,602,771.43 $ 997.61 36157RTR6
B3 $ 3,387,634.36 $ 3,384,899.76 $ 997.61 36157RVA0
B4 $ 1,562,525.13 $ 1,561,263.81 $ 997.61 36157RVB8
B5 $ 1,563,910.29 $ 1,562,647.85 $ 997.61 36157RVC6
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 12 Principal Balance $ 4,290,246.00
-------- -------------
2. 60-89 days
Number 2 Principal Balance $ 1,124,465.01
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 1 Principal Balance $ 250,389.30
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A10 % 6.48750015
A11 % 7.53749913
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------
2. Bankruptcy Loss Amount: $ 0.00
------------
3. Fraud Loss Amount: $ 0.00
------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.55
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-18, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 559,388.74
---------------
(b) Interest $ 981,227.08
---------------
(c) Total $ 1,540,615.82
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 288,015.76
---------------
(b) Interest $ 505,375.07
---------------
(c) Total $ 793,390.83
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 271,372.98
---------------
(b) Interest $ 475,852.01
---------------
(c) Total $ 747,224.99
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 139,187.14
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,697,269.53
---------------
(b) Interest $ 9,789.31
---------------
(c) Total $ 1,707,058.84
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 1,883,623.06
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 1,883,623.06
---------------
12. Pool Scheduled Principal Balance: $ 166,809,277.54
---------------
13. Available Funds: $ 5,170,312.27
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 1,924.03
-------------
18. Total interest payments: $ 890,843.80
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A $ 872,254.07 $ 0.00 $ 872,254.07 % 6.249999971
M $ 6,970.51 $ 0.00 $ 6,970.51 % 6.249998786
B1 $ 2,323.50 $ 0.00 $ 2,323.50 % 6.249989773
B2 $ 2,323.50 $ 0.00 $ 2,323.50 % 6.249989773
B3 $ 3,715.54 $ 0.00 $ 3,715.54 % 6.250006571
B4 $ 1,857.77 $ 0.00 $ 1,857.77 % 6.250006483
B5 $ 1,398.91 $ 0.00 $ 1,398.91 % 6.249985573
20. Principal Distribution Amount: $ 4,279,468.47
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 26,314.37 $ 0.00
Class A $ 4,241,482.53 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 4,376.44 $ 0.00
Class B1 $ 1,458.81 $ 0.00
Class B2 $ 1,458.81 $ 0.00
Class B3 $ 2,332.80 $ 0.00
Class B4 $ 1,166.40 $ 0.00
Class B5 $ 878.31 $ 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
-------------
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: $ 43,702.72
----------
3. Supplemental Servicing Fee amount: $ 73,637.57
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 97.913244 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: % 2.086756
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.56
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-18, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.031033
------------------------
Weighted average maturity 173.40
------------------------
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 $ 559.04758870 $ 557.51540259 $ 0.00000000 % 0.00000000
A $ 24.10248464 $ 20.99045805 $ 4.95663726 % 6.24999997
M $ 3.24902747 $ 0.00000000 $ 5.17484039 % 6.24999879
B1 $ 3.24902004 $ 0.00000000 $ 5.17483296 % 6.24998977
B2 $ 3.24902004 $ 0.00000000 $ 5.17483296 % 6.24998977
B3 $ 3.24902507 $ 0.00000000 $ 5.17484680 % 6.25000657
B4 $ 3.24902507 $ 0.00000000 $ 5.17484680 % 6.25000648
B5 $ 3.24903281 $ 0.00000000 $ 5.17482949 % 6.24998557
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 43,702.72
-----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 166,809,277.54
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 493
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RTT2
PO $ 46,733.83 $ 20,419.46 $ 433.81 GEC9818PO
A $ 167,472,782.23 $ 163,231,299.70 $ 927.57 36157RTS4
SUP $ 169,213,010.30 $ 165,517,288.22 $ 931.31 GE9818SUP
M $ 1,338,338.18 $ 1,333,961.74 $ 990.32 36157RTU9
B1 $ 446,112.73 $ 444,653.91 $ 990.32 36157RTV7
B2 $ 446,112.73 $ 444,653.91 $ 990.32 36157RTW5
B3 $ 713,382.93 $ 711,050.13 $ 990.32 GEC9818B3
B4 $ 356,691.47 $ 355,525.07 $ 990.32 GEC9818B4
B5 $ 268,591.34 $ 267,713.03 $ 990.32 GEC9818B5
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 1 Principal Balance $ 289,178.29
-------- -----------
2. 60-89 days
Number 2 Principal Balance $ 786,177.44
-------- -----------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -----------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -----------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -----------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------
2. Bankruptcy Loss Amount: $ 0.00
------------
3. Fraud Loss Amount: $ 0.00
------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.57
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-19, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 293,998.37
---------------
(b) Interest $ 2,198,965.92
---------------
(c) Total $ 2,492,964.29
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 239,938.33
---------------
(b) Interest $ 1,792,694.69
---------------
(c) Total $ 2,032,633.02
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 54,060.04
---------------
(b) Interest $ 406,271.23
---------------
(c) Total $ 460,331.27
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 176,675.48
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,974,939.83
---------------
(b) Interest $ 18,007.62
---------------
(c) Total $ 2,992,947.45
---------------
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: $ 362,814,990.62
---------------
13. Available Funds: $ 5,429,161.28
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
----------------
17. Compensating Interest Payment: $ 2,448.95
----------------
18. Total interest payments: $ 1,983,547.61
----------------
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 $ 664,669.00 $ 0.00 $ 664,669.00 % 6.500000044
A2 $ 789,205.58 $ 0.00 $ 789,205.58 % 6.500000040
A3 $ 80,740.83 $ 0.00 $ 80,740.83 % 6.499999732
A4 $ 5,416.67 $ 0.00 $ 5,416.67 % 6.500004000
A5 $ 5,416.67 $ 0.00 $ 5,416.67 % 6.500004000
A6 $ 39,278.36 $ 0.00 $ 39,278.36 % 7.000000149
A7 $ 5,298.99 $ 0.00 $ 5,298.99 % 6.500002837
A8 $ 27,083.33 $ 0.00 $ 27,083.33 % 6.499999200
A9 $ 10,951.01 $ 0.00 $ 0.00 % 6.499998627
A10 $ 58,273.66 $ 0.00 $ 58,273.66 % 6.646560067
A11 $ 11,866.27 $ 0.00 $ 11,866.27 % 4.833713017
A12 $ 203,910.42 $ 0.00 $ 203,910.42 % 6.500000106
M $ 30,534.40 $ 0.00 $ 30,534.40 % 6.499998951
B1 $ 15,272.61 $ 0.00 $ 15,272.61 % 6.499999745
B2 $ 10,178.13 $ 0.00 $ 10,178.13 % 6.499996833
B3 $ 13,233.74 $ 0.00 $ 13,233.74 % 6.500000639
B4 $ 6,105.80 $ 0.00 $ 6,105.80 % 6.500000665
B5 $ 6,112.14 $ 0.00 $ 6,112.14 % 6.500003669
20. Principal Distribution Amount: $ 3,445,613.67
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 82.69 $ 0.00
Class A1 $ 1,727,937.66 $ 0.00
Class A2 $ 1,705,525.42 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 10,951.01 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 10,951.01
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 4,524.81 $ 0.00
Class B1 $ 2,263.21 $ 0.00
Class B2 $ 1,508.27 $ 0.00
Class B3 $ 1,961.07 $ 0.00
Class B4 $ 904.80 $ 0.00
Class B5 $ 905.74 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A10 % 6.64656007
Class A11 % 4.83371302
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: $ 88,404.82
-----------
3. Supplemental Servicing Fee amount: $ 156,839.68
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.894385 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: % 4.105615
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.58
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-19, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.26922
-------------------------
Weighted average maturity 354.60
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 1.22792439 $ 0.31228988 $ 0.00000000 %0.00000000
A1 $ 13.51799460 $ 12.40824017 $ 5.19983571 %6.50000004
A2 $ 11.31360146 $ 10.38481579 $ 5.23519456 %6.50000004
A3 $ 0.00000000 $ 0.00000000 $ 5.41666644 %6.49999973
A4 $ 0.00000000 $ 0.00000000 $ 5.41667000 %6.50000400
A5 $ 0.00000000 $ 0.00000000 $ 5.41667000 %6.50000400
A6 $ 0.00000000 $ 0.00000000 $ 5.83333346 %7.00000015
A7 $ 10.95101000 $ 10.05199000 $ 5.29899000 %6.50000284
A8 $ 0.00000000 $ 0.00000000 $ 5.41666600 %6.49999920
A9 $ 0.00000000 $ 0.00000000 $ 5.47550500 %6.49999863
A10 $ 0.00000000 $ 0.00000000 $ 5.53880006 %6.64656007
A11 $ 0.00000000 $ 0.00000000 $ 4.02809418 %4.83371302
A12 $ 0.00000000 $ 0.00000000 $ 5.41666676 %6.50000011
M $ 0.80141870 $ 0.00000000 $ 5.40814736 %6.49999895
B1 $ 0.80141997 $ 0.00000000 $ 5.40814802 %6.49999974
B2 $ 0.80141870 $ 0.00000000 $ 5.40814559 %6.49999683
B3 $ 0.80141806 $ 0.00000000 $ 5.40814875 %6.50000064
B4 $ 0.80141718 $ 0.00000000 $ 5.40814880 %6.50000067
B5 $ 0.80141799 $ 0.00000000 $ 5.40815127 %6.50000367
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
A9 $ 10,951.01
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 88,404.82
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 362,814,990.62
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,086
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RUK9
PO $ 67,200.42 $ 67,117.73 $ 996.68 GEC9819PO
A1 $ 122,708,122.25 $ 120,980,184.59 $ 946.45 36157RTX3
A2 $ 145,699,490.80 $ 143,993,965.38 $ 955.18 36157RTY1
A3 $ 14,906,000.00 $ 14,906,000.00 $ 1,000.00 36157RTZ8
A4 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RUA1
A5 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RUB9
A6 $ 6,733,433.00 $ 6,733,433.00 $ 1,000.00 36157RUC7
A7 $ 978,274.65 $ 967,323.64 $ 967.32 36157RUD5
A8 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36157RUE3
A9 $ 2,021,725.35 $ 2,032,676.36 $ 1,016.34 36157RUF0
A10 $ 10,520,990.00 $ 10,520,990.00 $ 1,000.00 36157RUG8
A11 $ 2,945,877.00 $ 2,945,877.00 $ 1,000.00 36157RUH6
A12 $ 37,645,000.00 $ 37,645,000.00 $ 1,000.00 36157RUJ2
SUP $ 362,918,257.72 $ 359,476,200.04 $ 963.48 GE9819SUP
M $ 5,637,120.91 $ 5,632,596.09 $ 997.63 36157RUL7
B1 $ 2,819,558.88 $ 2,817,295.67 $ 997.63 36157RUM5
B2 $ 1,879,040.30 $ 1,877,532.03 $ 997.63 36157RUN3
B3 $ 2,443,151.76 $ 2,441,190.69 $ 997.63 GEC9819B3
B4 $ 1,127,224.50 $ 1,126,319.69 $ 997.63 GEC9819B4
B5 $ 1,128,394.44 $ 1,127,488.70 $ 997.63 GEC9819B5
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 5 Principal Balance $ 1,806,797.26
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 246,622.95
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A10 % 6.64656007
A11 % 4.83371302
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: %0.00000000
-----------
Exhibit 99.59
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-20, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 280,901.77
---------------
(b) Interest $ 2,071,564.10
---------------
(c) Total $ 2,352,465.87
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 77,234.56
---------------
(b) Interest $ 515,102.59
---------------
(c) Total $ 592,337.15
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 203,667.21
---------------
(b) Interest $ 1,556,461.51
---------------
(c) Total $ 1,760,128.72
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 127,012.34
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 5,930,324.41
---------------
(b) Interest $ 40,440.31
---------------
(c) Total $ 5,970,764.72
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 330,145,616.90
---------------
13. Available Funds: $ 8,160,519.14
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 7,594.66
-------------
18. Total interest payments: $ 1,822,280.62
-------------
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 $ 1,480,324.57 $ 0.00 $ 1,480,324.57 %6.500000012
A2 $ 27,083.33 $ 0.00 $ 27,083.33 %6.499999200
A3 $ 27,083.33 $ 0.00 $ 27,083.33 %6.499999200
A4 $ 21,802.08 $ 0.00 $ 21,802.08 %6.499999006
A5 $ 190,076.25 $ 0.00 $ 190,076.25 %6.500000000
M $ 28,466.21 $ 0.00 $ 28,466.21 %6.499999156
B1 $ 14,233.11 $ 0.00 $ 14,233.11 %6.500001427
B2 $ 9,490.54 $ 0.00 $ 9,490.54 %6.499999675
B3 $ 12,335.00 $ 0.00 $ 12,335.00 %6.500000654
B4 $ 5,688.92 $ 0.00 $ 5,688.92 %6.500003923
B5 $ 5,697.28 $ 0.00 $ 5,697.28 %6.499999990
20. Principal Distribution Amount: $6,338,238.52
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 58.32 $ 0.00
Class A1 $ 6,326,480.98 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 4,387.14 $ 0.00
Class B1 $ 2,193.57 $ 0.00
Class B2 $ 1,462.66 $ 0.00
Class B3 $ 1,901.04 $ 0.00
Class B4 $ 876.76 $ 0.00
Class B5 $ 878.05 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
--------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 81,819.67
-----------
3. Supplemental Servicing Fee amount: $ 213,966.58
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.834283 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: % 4.165717
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.60
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-20, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.536868
------------------------
Weighted average maturity 345.46
------------------------
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 $ 0.92656732 $ 0.02764450 $ 0.00000000 %0.00000000
A1 $ 21.99001002 $ 21.05449428 $ 5.14541215 %6.50000001
A2 $ 0.00000000 $ 0.00000000 $ 5.41666600 %6.49999920
A3 $ 0.00000000 $ 0.00000000 $ 5.41666600 %6.49999920
A4 $ 0.00000000 $ 0.00000000 $ 5.41666584 %6.49999901
A5 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
M $ 0.83342325 $ 0.00000000 $ 5.40771467 %6.49999916
B1 $ 0.83342325 $ 0.00000000 $ 5.40771657 %6.50000143
B2 $ 0.83342450 $ 0.00000000 $ 5.40771510 %6.49999967
B3 $ 0.83342394 $ 0.00000000 $ 5.40771591 %6.50000065
B4 $ 0.83342205 $ 0.00000000 $ 5.40771863 %6.50000392
B5 $ 0.83342305 $ 0.00000000 $ 5.40771534 %6.49999999
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:
$ 81,819.67
-------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 330,145,616.90
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,062
------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RUU7
PO $ 62,817.20 $ 62,758.87 $ 997.09 GEC9820PO
A1 $ 273,290,689.34 $ 266,964,208.36 $ 927.93 36157RUP8
A2 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36157RUQ6
A3 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36157RUR4
A4 $ 4,025,000.00 $ 4,025,000.00 $ 1,000.00 36157RUS2
A5 $ 35,091,000.00 $ 35,091,000.00 $ 1,000.00 36157RUT0
SUP $ 330,748,196.10 $ 324,415,422.10 $ 939.88 GE9820SUP
M $ 5,255,300.99 $ 5,250,913.85 $ 997.51 36157RUV5
B1 $ 2,627,650.50 $ 2,625,456.93 $ 997.51 36157RUW3
B2 $ 1,752,099.78 $ 1,750,637.12 $ 997.51 36157RUX1
B3 $ 2,277,230.54 $ 2,275,329.50 $ 997.51 36158GEU8
B4 $ 1,050,261.52 $ 1,049,384.76 $ 997.51 36158GEV6
B5 $ 1,051,805.54 $ 1,050,927.49 $ 997.51 36158GEW4
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 9 Principal Balance $ 2,279,522.19
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 1 Principal Balance $ 264,677.99
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.61
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-21, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 413,157.68
---------------
(b) Interest $ 3,109,203.15
---------------
(c) Total $ 3,522,360.83
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 260,665.38
---------------
(b) Interest $ 1,939,897.95
---------------
(c) Total $ 2,200,563.33
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 152,492.30
---------------
(b) Interest $ 1,169,305.20
---------------
(c) Total $ 1,321,797.50
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 83,189.67
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,562,388.03
---------------
(b) Interest $ 18,551.19
---------------
(c) Total $ 4,580,939.22
---------------
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: $ 512,632,285.49
---------------
13. Available Funds: $ 7,754,875.67
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 9,570.97
-------------
18. Total interest payments: $ 2,696,140.29
-------------
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 $ 1,722,619.99 $ 0.00 $ 1,722,619.99 % 6.250000014
A2 $ 4,447.92 $ 0.00 $ 4,447.92 % 6.250004684
A3 $ 260,556.20 $ 0.00 $ 260,556.20 % 6.250000032
A4 $ 8,125.00 $ 0.00 $ 8,125.00 % 6.500000000
A5 $ 31,034.18 $ 0.00 $ 31,034.18 % 6.500000087
A6 $ 8,373.93 $ 0.00 $ 8,373.93 % 6.346558810
A7 $ 3,501.07 $ 0.00 $ 3,501.07 % 7.960324227
A8 $ 24,272.00 $ 0.00 $ 24,272.00 % 6.000000000
A9 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A10 $ 63,000.00 $ 0.00 $ 63,000.00 % 6.500000129
A11 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A12 $ 392,364.88 $ 0.00 $ 392,364.88 % 6.250000018
A13 $ 66,442.71 $ 0.00 $ 66,442.71 % 6.250000157
M $ 52,984.06 $ 0.00 $ 52,984.06 % 6.250000430
B1 $ 21,732.78 $ 0.00 $ 21,732.78 % 6.250000389
B2 $ 12,224.69 $ 0.00 $ 12,224.69 % 6.250001038
B3 $ 10,866.39 $ 0.00 $ 10,866.39 % 6.250000389
B4 $ 5,433.19 $ 0.00 $ 5,433.19 % 6.249994668
B5 $ 8,161.30 $ 0.00 $ 8,161.30 % 6.250002792
20. Principal Distribution Amount: $ 5,058,735.38
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 83.87 $ 0.00
Class A1 $ 3,949,685.96 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 39,924.72 $ 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 $ 1,051,970.78 $ 0.00
Class A13 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 8,118.68 $ 0.00
Class B1 $ 3,330.09 $ 0.00
Class B2 $ 1,873.17 $ 0.00
Class B3 $ 1,665.04 $ 0.00
Class B4 $ 832.52 $ 0.00
Class B5 $ 1,250.55 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A6 % 6.34655881
Class A7 % 7.96032423
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: $ 115,764.21
-----------
3. Supplemental Servicing Fee amount: $ 329,998.49
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.868078 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: % 4.131922
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.62
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-21, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.262125
------------------------
Weighted average maturity 355.08
------------------------
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 $ 2.60846577 $ 1.63561721 $ 0.00000000 % 0.00000000
A1 $ 11.81896679 $ 10.89049288 $ 5.15473601 % 6.25000001
A2 $ 0.00000000 $ 0.00000000 $ 5.20833724 % 6.25000468
A3 $ 0.79743490 $ 0.73479013 $ 5.20420948 % 6.25000003
A4 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
A5 $ 0.00000000 $ 0.00000000 $ 5.41666674 % 6.50000009
A6 $ 0.00000000 $ 0.00000000 $ 5.28879901 % 6.34655881
A7 $ 0.00000000 $ 0.00000000 $ 6.63360352 % 7.96032423
A8 $ 0.00000000 $ 0.00000000 $ 5.00000000 % 6.00000000
A9 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A10 $ 0.00000000 $ 0.00000000 $ 5.41666677 % 6.50000013
A11 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A12 $ 13.79633810 $ 12.71252590 $ 5.14576892 % 6.25000002
A13 $ 0.00000000 $ 0.00000000 $ 5.20833346 % 6.25000016
M $ 0.79743444 $ 0.00000000 $ 5.20420980 % 6.25000043
B1 $ 0.79743534 $ 0.00000000 $ 5.20420977 % 6.25000039
B2 $ 0.79743295 $ 0.00000000 $ 5.20421030 % 6.25000104
B3 $ 0.79743295 $ 0.00000000 $ 5.20420977 % 6.25000039
B4 $ 0.79743295 $ 0.00000000 $ 5.20420498 % 6.24999467
B5 $ 0.79743754 $ 0.00000000 $ 5.20421176 % 6.25000279
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:
$ 115,764.21
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 512,632,285.49
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,554
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RWD3
PO $ 32,088.16 $ 32,004.29 $ 995.37 GEC9821PO
A1 $ 330,743,037.35 $ 326,793,351.39 $ 977.89 36157RVQ5
A2 $ 854,000.00 $ 854,000.00 $ 1,000.00 36157RVR3
A3 $ 50,026,790.14 $ 49,986,865.42 $ 998.41 36157RVS1
A4 $ 1,500,000.00 $ 1,500,000.00 $ 1,000.00 36157RVT9
A5 $ 5,729,387.00 $ 5,729,387.00 $ 1,000.00 36157RVU6
A6 $ 1,583,333.00 $ 1,583,333.00 $ 1,000.00 36157RVV4
A7 $ 527,778.00 $ 527,778.00 $ 1,000.00 36157RVW2
A8 $ 4,854,400.00 $ 4,854,400.00 $ 1,000.00 36157RVX0
A9 $ 263,889.00 $ 263,889.00 $ 1,000.00 36157RVY8
A10 $ 11,630,769.00 $ 11,630,769.00 $ 1,000.00 36157RVZ5
A11 $ 465,231.00 $ 465,231.00 $ 1,000.00 36157RWA9
A12 $ 75,334,056.74 $ 74,282,085.96 $ 974.19 36157RWB7
A13 $ 12,757,000.00 $ 12,757,000.00 $ 1,000.00 36157RWC5
SUP $ 516,541,416.39 $ 511,486,139.83 $ 981.83 GE9821SUP
M $ 10,172,938.82 $ 10,164,820.14 $ 998.41 36157RWE1
B1 $ 4,172,693.50 $ 4,169,363.41 $ 998.41 36157RWF8
B2 $ 2,347,140.09 $ 2,345,266.92 $ 998.41 36157RWG6
B3 $ 2,086,346.75 $ 2,084,681.71 $ 998.41 36157RWS0
B4 $ 1,043,173.37 $ 1,042,340.85 $ 998.41 36157RWT8
B5 $ 1,566,968.90 $ 1,565,718.35 $ 998.41 36157RWU5
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 20 Principal Balance $6,459,977.61
-------- -------------
2. 60-89 days
Number 7 Principal Balance $2,192,894.71
-------- -------------
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
--------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A6 % 6.34655881
A7 % 7.96032423
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.63
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-22, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 640,074.17
---------------
(b) Interest $ 1,132,847.36
---------------
(c) Total $ 1,772,921.53
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 345,495.31
---------------
(b) Interest $ 616,711.82
---------------
(c) Total $ 962,207.13
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 294,578.86
---------------
(b) Interest $ 516,135.54
---------------
(c) Total $ 810,714.40
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 378,802.02
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,398,439.87
---------------
(b) Interest $ 15,018.18
---------------
(c) Total $ 4,413,458.05
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 299,216.08
---------------
(b) Interest $ 1,643.57
---------------
(c) Total $ 300,859.65
---------------
12. Pool Scheduled Principal Balance: $ 193,518,546.12
---------------
13. Available Funds: $ 6,712,638.68
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
----------------
17. Compensating Interest Payment: $ 12,226.26
----------------
18. Total interest payments: $ 996,106.48
----------------
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 $ 970,963.89 $ 0.00 $ 970,963.89 % 5.999999972
A2 $ 5,028.52 $ 0.00 $ 5,028.52 % 6.000003222
M $ 7,540.59 $ 0.00 $ 7,540.59 % 5.999999602
B1 $ 2,511.87 $ 0.00 $ 2,511.87 % 6.000002628
B2 $ 2,516.85 $ 0.00 $ 2,516.85 % 5.999993444
B3 $ 4,021.98 $ 0.00 $ 4,021.98 % 5.999999254
B4 $ 2,013.48 $ 0.00 $ 2,013.48 % 5.999993444
B5 $ 1,509.30 $ 0.00 $ 1,509.30 % 5.999998012
20. Principal Distribution Amount: $ 5,716,532.20
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 47.69 $ 0.00
Class A1 $ 5,700,329.68 $ 0.00
Class A2 $ 3,230.96 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 4,845.04 $ 0.00
Class B1 $ 1,613.95 $ 0.00
Class B2 $ 1,617.15 $ 0.00
Class B3 $ 2,584.24 $ 0.00
Class B4 $ 1,293.72 $ 0.00
Class B5 $ 969.77 $ 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: $ 0.03
----------------
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: $ 42,430.16
-----------
3. Supplemental Servicing Fee amount: $ 122,962.48
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 97.980730 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: % 2.019270
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.64
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-22, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.00175
-----------------------
Weighted average maturity 175.37
-----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 3.44879954 $ 0.00000000 $ 0.00000000 %0.00000000
A1 $ 28.97493778 $ 25.78916278 $ 4.93543705 %5.99999997
A2 $ 3.20227086 $ 2.85018519 $ 4.98386951 %6.00000322
M $ 3.20227363 $ 0.00000000 $ 4.98386649 %5.99999960
B1 $ 3.20228175 $ 0.00000000 $ 4.98386905 %6.00000263
B2 $ 3.20227723 $ 0.00000000 $ 4.98386139 %5.99999344
B3 $ 3.20228005 $ 0.00000000 $ 4.98386617 %5.99999925
B4 $ 3.20227723 $ 0.00000000 $ 4.98386139 %5.99999344
B5 $ 3.20228109 $ 0.00000000 $ 4.98386510 %5.99999801
2. Unanticipated Recoveries: $ 0.00
-------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 42,430.16
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 193,518,546.12
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 626
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RWK7
PO $ 13,780.55 $ 13,732.83 $ 993.12 GEC9822PO
A1 $ 194,192,778.92 $ 188,492,449.25 $ 958.11 36157RWH4
A2 $ 1,005,703.46 $ 1,002,472.49 $ 993.57 36157RWJ0
SUP $ 198,414,328.26 $ 192,700,627.30 $ 958.86
M $ 1,508,118.10 $ 1,503,273.06 $ 993.57 36157RWL5
B1 $ 502,373.78 $ 500,759.83 $ 993.57 36157RWM3
B2 $ 503,370.55 $ 501,753.40 $ 993.57 36157RWN1
B3 $ 804,396.10 $ 801,811.87 $ 993.57 36157RWV3
B4 $ 402,696.44 $ 401,402.72 $ 993.57 36157RWW1
B5 $ 301,860.10 $ 300,890.33 $ 993.57 36157RWX9
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 78 Principal Balance $ 27,545,725.24
-------- --------------
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 99.65
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-23, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 427,982.53
---------------
(b) Interest $ 3,060,681.71
---------------
(c) Total $ 3,488,664.24
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 250,239.73
---------------
(b) Interest $ 1,802,498.84
---------------
(c) Total $ 2,052,738.57
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 177,742.80
---------------
(b) Interest $ 1,258,182.87
---------------
(c) Total $ 1,435,925.67
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 641,766.19
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,853,768.94
---------------
(b) Interest $ 13,060.61
---------------
(c) Total $ 2,866,829.55
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 277,196.91
---------------
(b) Interest $ 1,642.72
---------------
(c) Total $ 278,839.63
---------------
12. Pool Scheduled Principal Balance: $ 513,781,281.95
---------------
13. Available Funds: $ 6,790,624.57
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 6,624.54
------------------
18. Total interest payments: $ 2,589,910.00
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
A $ 2,485,679.45 $ 0.00 $2,485,679.45 %6.000000010
M $ 48,205.75 $ 0.00 $ 48,205.75 %6.000000597
B1 $ 20,843.03 $ 0.00 $ 20,843.03 %6.000000820
B2 $ 11,725.45 $ 0.00 $ 11,725.45 %5.999999105
B3 $ 10,426.51 $ 0.00 $ 10,426.51 %6.000000288
B4 $ 5,210.76 $ 0.00 $ 5,210.76 %6.000003685
B5 $ 7,819.05 $ 0.00 $ 7,819.05 %6.000002954
20. Principal Distribution Amount: $ 4,200,714.57
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class A $ 4,183,490.48 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 7,966.00 $ 0.00
Class B1 $ 3,444.31 $ 0.00
Class B2 $ 1,937.63 $ 0.00
Class B3 $ 1,722.98 $ 0.00
Class B4 $ 861.08 $ 0.00
Class B5 $ 1,292.10 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
----------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 119,484.21
-----------
3. Supplemental Servicing Fee amount: $ 379,698.07
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.975515 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: % 4.024485
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.66
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-23, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.144099
-----------------------
Weighted average maturity 355.21
-----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $0.00000000 % 0.00000000
A $ 8.35505200 $ 6.99976863 $4.96427114 % 6.00000001
M $ 0.82557778 $ 0.00000000 $4.99593222 % 6.00000060
B1 $ 0.82557766 $ 0.00000000 $4.99593241 % 6.00000082
B2 $ 0.82557738 $ 0.00000000 $4.99593098 % 5.99999910
B3 $ 0.82557738 $ 0.00000000 $4.99593196 % 6.00000029
B4 $ 0.82558006 $ 0.00000000 $4.99593480 % 6.00000368
B5 $ 0.82557939 $ 0.00000000 $4.99593418 % 6.00000295
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:
$ 119,484.21
-------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 513,781,281.95
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,588
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RVL6
A $ 497,135,889.21 $ 492,952,398.73 $ 984.50 36157RVK8
SUP $ 517,981,996.52 $ 513,781,281.95 $ 985.05 GE9823SUP
M $ 9,641,149.04 $ 9,633,183.04 $ 998.36 36157RVM4
B1 $ 4,168,605.43 $ 4,165,161.12 $ 998.36 36157RVN2
B2 $ 2,345,090.35 $ 2,343,152.72 $ 998.36 36157RVP7
B3 $ 2,085,301.90 $ 2,083,578.92 $ 998.36 36157RWP6
B4 $ 1,042,151.36 $ 1,041,290.28 $ 998.36 36157RWQ4
B5 $ 1,563,809.23 $ 1,562,517.13 $ 998.36 36157RWR2
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 24 Principal Balance $ 8,865,615.76
-------- -------------
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 99.67
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-24, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 264,415.38
---------------
(b) Interest $ 2,017,234.00
---------------
(c) Total $ 2,281,649.38
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 50,938.19
---------------
(b) Interest $ 374,099.18
---------------
(c) Total $ 425,037.37
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 213,477.19
---------------
(b) Interest $ 1,643,134.82
---------------
(c) Total $ 1,856,612.01
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 63,233.96
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,103,394.65
---------------
(b) Interest $ 15,882.37
---------------
(c) Total $ 4,119,277.02
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 331,230,047.85
---------------
13. Available Funds: $ 6,179,216.53
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 372.66
-------------
18. Total interest payments: $ 1,748,172.54
-------------
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 $ 840,039.52 $ 0.00 $ 840,039.52 %6.250000007
A2 $ 111,505.21 $ 0.00 $ 111,505.21 %6.250000093
A3 $ 422,064.49 $ 0.00 $ 422,064.49 %6.250000063
A4 $ 11,727.80 $ 0.00 $ 11,727.80 %6.499997922
A5 $ 183,572.92 $ 0.00 $ 183,572.92 %6.250000113
A6 $ 11,585.75 $ 0.00 $ 11,585.75 %6.500002104
A7 $ 19,180.91 $ 0.00 $ 19,180.91 %6.750001100
A8 $ 34,099.39 $ 0.00 $ 34,099.39 %6.000000000
A9 $ 11,095.05 $ 0.00 $ 11,095.05 %6.500002929
A10 $ 31,761.78 $ 0.00 $ 31,761.78 %6.000000000
M $ 33,932.71 $ 0.00 $ 33,932.71 %6.250000288
B1 $ 14,676.42 $ 0.00 $ 14,676.42 %6.250001353
B2 $ 7,338.21 $ 0.00 $ 7,338.21 %6.250001331
B3 $ 7,333.00 $ 0.00 $ 7,333.00 %6.249996582
B4 $ 3,669.10 $ 0.00 $ 3,669.10 %6.249992814
B5 $ 4,590.28 $ 0.00 $ 4,590.28 %6.249996809
20. Principal Distribution Amount: $4,431,043.99
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 62.82 $ 0.00
Class A1 $ 3,109,221.46 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 1,310,939.62 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 5,132.18 $ 0.00
Class B1 $ 2,219.75 $ 0.00
Class B2 $ 1,109.87 $ 0.00
Class B3 $ 1,109.09 $ 0.00
Class B4 $ 554.94 $ 0.00
Class B5 $ 694.26 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
----------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 82,880.70
-----------
3. Supplemental Servicing Fee amount: $ 216,976.09
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.907742 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: % 4.092258
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.68
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-24, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.303593
----------------------
Weighted average maturity 355.32
----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
PO $ 5.23718216 $ 4.28928720 $ 0.00000000 % 0.00000000
A1 $ 17.96221364 $ 14.99930782 $ 4.85297349 % 6.25000001
A2 $ 0.00000000 $ 0.00000000 $ 5.20833341 % 6.25000009
A3 $ 15.24064848 $ 12.72667072 $ 4.90681373 % 6.25000006
A4 $ 0.00000000 $ 0.00000000 $ 5.41666493 % 6.49999792
A5 $ 0.00000000 $ 0.00000000 $ 5.20833343 % 6.25000011
A6 $ 0.00000000 $ 0.00000000 $ 5.41666842 % 6.50000210
A7 $ 0.00000000 $ 0.00000000 $ 5.62500092 % 6.75000110
A8 $ 0.00000000 $ 0.00000000 $ 5.00000000 % 6.00000000
A9 $ 0.00000000 $ 0.00000000 $ 5.41666911 % 6.50000293
A10 $ 0.00000000 $ 0.00000000 $ 5.00000000 % 6.00000000
M $ 0.78714417 $ 0.00000000 $ 5.20440337 % 6.25000029
B1 $ 0.78714539 $ 0.00000000 $ 5.20440426 % 6.25000135
B2 $ 0.78714184 $ 0.00000000 $ 5.20440426 % 6.25000133
B3 $ 0.78714691 $ 0.00000000 $ 5.20440028 % 6.24999658
B4 $ 0.78714894 $ 0.00000000 $ 5.20439716 % 6.24999281
B5 $ 0.78714306 $ 0.00000000 $ 5.20440045 % 6.24999681
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:
$ 82,880.70
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 331,230,047.85
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,034
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RXJ9
PO $ 11,966.63 $ 11,903.81 $ 992.40 GEC9824PO
A1 $ 161,287,587.65 $ 158,178,366.19 $ 913.81 36157RWY7
A2 $ 21,409,000.00 $ 21,409,000.00 $ 1,000.00 36157RWZ4
A3 $ 81,036,381.26 $ 79,725,441.64 $ 926.87 36157RXA8
A4 $ 2,165,133.00 $ 2,165,133.00 $ 1,000.00 36157RXB6
A5 $ 35,246,000.00 $ 35,246,000.00 $ 1,000.00 36157RXC4
A6 $ 2,138,907.00 $ 2,138,907.00 $ 1,000.00 36157RXD2
A7 $ 3,409,939.00 $ 3,409,939.00 $ 1,000.00 36157RXE0
A8 $ 6,819,878.00 $ 6,819,878.00 $ 1,000.00 36157RXF7
A9 $ 2,048,316.00 $ 2,048,316.00 $ 1,000.00 36157RXG5
A10 $ 6,352,356.00 $ 6,352,356.00 $ 1,000.00 36157RXH3
SUP $ 334,577,519.49 $ 330,149,518.24 $ 939.59 GE9824SUP
M $ 6,515,080.02 $ 6,509,947.84 $ 998.46 36157RXK6
B1 $ 2,817,872.03 $ 2,815,652.28 $ 998.46 36157RXL4
B2 $ 1,408,936.02 $ 1,407,826.15 $ 998.46 36157RXM2
B3 $ 1,407,936.77 $ 1,406,827.68 $ 998.46 36157RXN0
B4 $ 704,468.01 $ 703,913.07 $ 998.46 36157RXP5
B5 $ 881,334.21 $ 880,639.95 $ 998.46 36157RXQ3
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 14 Principal Balance $ 4,440,510.65
-------- -------------
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 99.69
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-25, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of December 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 804,076.51
---------------
(b) Interest $ 5,942,185.19
---------------
(c) Total $ 6,746,261.70
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 432,750.29
---------------
(b) Interest $ 3,138,268.52
---------------
(c) Total $ 3,571,018.81
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 371,326.22
---------------
(b) Interest $ 2,803,916.67
---------------
(c) Total $ 3,175,242.89
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 356,542.46
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 6,337,434.24
---------------
(b) Interest $ 17,967.49
---------------
(c) Total $ 6,355,401.73
---------------
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 $ 2,462,742.18
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 2,462,742.18
---------------
12. Pool Scheduled Principal Balance: $ 990,657,874.67
---------------
13. Available Funds: $ 15,171,695.45
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------
17. Compensating Interest Payment: $ 13,286.88
-------------
18. Total interest payments: $ 5,210,899.99
-------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.52 $ 0.00 $ 0.52 %6.240000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 78,125.00 $ 0.00 $ 78,125.00 %6.250000000
A2 $ 77,631.95 $ 0.00 $ 77,631.95 %6.275000253
A3 $ 343,675.02 $ 0.00 $ 343,675.02 %6.249999985
A4 $ 563,647.32 $ 0.00 $ 563,647.32 %6.750000000
A5 $ 687,246.25 $ 0.00 $ 687,246.25 %6.000000000
A6 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A7 $ 100,204.01 $ 0.00 $ 100,204.01 %6.000000299
A8 $ 958,307.29 $ 0.00 $ 958,307.29 %6.249999989
A9 $ 1,171,875.00 $ 0.00 $ 1,171,875.00 %6.250000000
A10 $ 37,807.76 $ 0.00 $ 37,807.76 %6.249999931
A11 $ 130,208.33 $ 0.00 $ 130,208.33 %6.249999840
A12 $ 31,606.25 $ 0.00 $ 31,606.25 %6.500000000
A13 $ 34,628.07 $ 0.00 $ 34,628.07 %6.499999453
A14 $ 70,416.67 $ 0.00 $ 70,416.67 %6.500000308
A15 $ 27,526.87 $ 0.00 $ 27,526.87 %6.180555381
A16 $ 307,834.50 $ 0.00 $ 307,834.50 %6.000000000
A17 $ 106,340.59 $ 0.00 $ 106,340.59 %6.000000000
A18 $ 216,666.67 $ 0.00 $ 216,666.67 %6.500000100
A19 $ 13,541.67 $ 0.00 $ 13,541.67 %6.500001600
A20 $ 13,541.67 $ 0.00 $ 13,541.67 %6.500001600
A21 $ 13,541.67 $ 0.00 $ 13,541.67 %6.500001600
A22 $ 18,064.68 $ 0.00 $ 18,064.68 %6.500001649
M $ 96,413.78 $ 0.00 $ 96,413.78 %6.250000257
B1 $ 41,692.44 $ 0.00 $ 41,692.44 %6.249999594
B2 $ 23,452.00 $ 0.00 $ 23,452.00 %6.250000000
B3 $ 20,846.22 $ 0.00 $ 20,846.22 %6.250000375
B4 $ 10,423.11 $ 0.00 $ 10,423.11 %6.250000375
B5 $ 15,634.68 $ 0.00 $ 15,634.68 %6.250001166
20. Principal Distribution Amount: $ 9,960,795.46
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 100.00 $ 0.00
Class PO $ 223.71 $ 0.00
Class A1 $ 0.00 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 53,023.47 $ 0.00
Class A4 $ 1,035,803.44 $ 0.00
Class A5 $ 1,667,325.76 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 16,104.01 $ 0.00
Class A8 $ 2,610,412.71 $ 0.00
Class A9 $ 2,729,353.23 $ 0.00
Class A10 $ 457,672.97 $ 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 $ 873,395.47 $ 0.00
Class A17 $ 0.00 $ 0.00
Class A18 $ 485,218.35 $ 0.00
Class A19 $ 0.00 $ 0.00
Class A20 $ 0.00 $ 0.00
Class A21 $ 0.00 $ 0.00
Class A22 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 14,875.08 $ 0.00
Class B1 $ 6,432.47 $ 0.00
Class B2 $ 3,618.26 $ 0.00
Class B3 $ 3,216.23 $ 0.00
Class B4 $ 1,608.12 $ 0.00
Class B5 $ 2,412.18 $ 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
--------------
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 % 6.27500025
Class A15 % 6.18055538
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: $ 92,033.01
-----------
3. Supplemental Servicing Fee amount: $ 566,130.42
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.999497 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: % 4.000503
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.70
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-25, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of December 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.138394
-----------------------
Weighted average maturity 356.30
-----------------------
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 $922.30000000 $ 5.20000000 %6.24000000
PO $ 1.77722422 $ 0.82938719 $ 0.00000000 %0.00000000
A1 $ 0.00000000 $ 0.00000000 $ 5.20833333 %6.25000000
A2 $ 0.00000000 $ 0.00000000 $ 5.22916688 %6.27500025
A3 $ 0.80356118 $ 0.74109559 $ 5.20833332 %6.24999998
A4 $ 10.33695033 $ 9.53339702 $ 5.62500000 %6.75000000
A5 $ 12.13048278 $ 11.18750746 $ 5.00000000 %6.00000000
A6 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A7 $ 0.80356119 $ 0.74109563 $ 5.00000025 %6.00000030
A8 $ 14.18741113 $ 13.08453838 $ 5.20833332 %6.24999999
A9 $ 12.13045880 $ 11.18748533 $ 5.20833333 %6.25000000
A10 $ 63.04825674 $ 58.14713690 $ 5.20833328 %6.24999993
A11 $ 0.00000000 $ 0.00000000 $ 5.20833320 %6.24999984
A12 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A13 $ 0.00000000 $ 0.00000000 $ 5.41666621 %6.49999945
A14 $ 0.00000000 $ 0.00000000 $ 5.41666692 %6.50000031
A15 $ 0.00000000 $ 0.00000000 $ 5.15046282 %6.18055538
A16 $ 14.18612063 $ 13.08334820 $ 5.00000000 %6.00000000
A17 $ 0.00000000 $ 0.00000000 $ 5.00000000 %6.00000000
A18 $ 12.13045875 $ 11.18748525 $ 5.41666675 %6.50000010
A19 $ 0.00000000 $ 0.00000000 $ 5.41666800 %6.50000160
A20 $ 0.00000000 $ 0.00000000 $ 5.41666800 %6.50000160
A21 $ 0.00000000 $ 0.00000000 $ 5.41666800 %6.50000160
A22 $ 0.00000000 $ 0.00000000 $ 5.41666804 %6.50000165
M $ 0.80356126 $ 0.00000000 $ 5.20833355 %6.25000026
B1 $ 0.80356165 $ 0.00000000 $ 5.20833300 %6.24999959
B2 $ 0.80356064 $ 0.00000000 $ 5.20833333 %6.25000000
B3 $ 0.80356050 $ 0.00000000 $ 5.20833365 %6.25000037
B4 $ 0.80356300 $ 0.00000000 $ 5.20833365 %6.25000037
B5 $ 0.80356233 $ 0.00000000 $ 5.20833430 %6.25000117
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:
$ 92,033.01
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 990,657,874.67
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,871
----------------
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 36157RYX7
PO $ 125,876.07 $ 125,652.36 $ 998.22
A1 $ 15,000,000.00 $ 15,000,000.00 $ 1,000.00 36157RXZ3
A2 $ 14,845,950.00 $ 14,845,950.00 $ 1,000.00 36157RYA7
A3 $ 65,985,604.00 $ 65,932,580.53 $ 999.20 36157RYB5
A4 $ 100,203,968.00 $ 99,168,164.56 $ 989.66 36157RYC3
A5 $ 137,449,250.00 $ 135,781,924.24 $ 987.87 36157RYD1
A6 $ 1,445,831.00 $ 1,445,831.00 $ 1,000.00 36157RYE9
A7 $ 20,040,801.00 $ 20,024,696.99 $ 999.20 36157RYF6
A8 $ 183,995,000.00 $ 181,384,587.29 $ 985.81 36157RYG4
A9 $ 225,000,000.00 $ 222,270,646.77 $ 987.87 36157RYH2
A10 $ 7,259,090.00 $ 6,801,417.03 $ 936.95 36157RYJ8
A11 $ 25,000,000.00 $ 25,000,000.00 $ 1,000.00 36157RYK5
A12 $ 5,835,000.00 $ 5,835,000.00 $ 1,000.00 36157RYL3
A13 $ 6,392,875.00 $ 6,392,875.00 $ 1,000.00 36157RYM1
A14 $ 13,000,000.00 $ 13,000,000.00 $ 1,000.00 36157RYN9
A15 $ 5,344,543.00 $ 5,344,543.00 $ 1,000.00 36157RYP4
A16 $ 61,566,900.00 $ 60,693,504.53 $ 985.81 36157RYQ2
A17 $ 21,268,118.00 $ 21,268,118.00 $ 1,000.00 36157RYR0
A18 $ 40,000,000.00 $ 39,514,781.65 $ 987.87 36157RYS8
A19 $ 2,500,000.00 $ 2,500,000.00 $ 1,000.00 36157RYT6
A20 $ 2,500,000.00 $ 2,500,000.00 $ 1,000.00 36157RYU3
A21 $ 2,500,000.00 $ 2,500,000.00 $ 1,000.00 36157RYV1
A22 $ 3,335,017.00 $ 3,335,017.00 $ 1,000.00 36157RYW9
SUP $ 993,920,933.49 $ 983,969,703.54 $ 989.99 GE9825SUP
M $ 18,511,445.00 $ 18,496,569.92 $ 999.20 36157RYY5
B1 $ 8,004,949.00 $ 7,998,516.53 $ 999.20 36157RYZ2
B2 $ 4,502,784.00 $ 4,499,165.74 $ 999.20 36157RZA6
B3 $ 4,002,474.00 $ 3,999,257.77 $ 999.20 GEC9825B3
B4 $ 2,001,237.00 $ 1,999,628.88 $ 999.20 GEC9825B4
B5 $ 3,001,858.00 $ 2,999,445.82 $ 999.20 GEC9825B5
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 27 Principal Balance $ 9,652,399.40
-------- -------------
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 % 6.27500025
A15 % 6.18055538
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 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A14 $ 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 99.71
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January, 1999
Series 1998-26, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of December 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 670,416.02
---------------
(b) Interest $ 1,034,156.91
---------------
(c) Total $ 1,704,572.93
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 437,723.60
---------------
(b) Interest $ 628,568.20
---------------
(c) Total $ 1,066,291.80
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 232,692.42
---------------
(b) Interest $ 405,588.71
---------------
(c) Total $ 638,281.13
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 81,945.43
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,017,949.34
---------------
(b) Interest $ 3,045.73
---------------
(c) Total $ 2,020,995.07
---------------
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 $ 19,940.25
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 19,940.25
---------------
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: $ 172,549,071.11
---------------
13. Available Funds: $ 3,702,575.46
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
---------------
17. Compensating Interest Payment: $ 4,576.98
---------------
18. Total interest payments: $ 912,324.51
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.52 $ 0.00 $ 0.52 % 6.240000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A $ 894,056.77 $ 0.00 $ 894,056.77 % 6.249999994
M $ 8,218.75 $ 0.00 $ 8,218.75 % 6.250000000
B1 $ 3,197.92 $ 0.00 $ 3,197.92 % 6.250006515
B2 $ 2,281.25 $ 0.00 $ 2,281.25 % 6.250000000
B3 $ 1,828.13 $ 0.00 $ 1,828.13 % 6.250017094
B4 $ 1,369.79 $ 0.00 $ 1,369.79 % 6.249992395
B5 $ 1,371.38 $ 0.00 $ 1,371.38 % 6.249984334
20. Principal Distribution Amount: $ 2,790,250.95
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 100.00 $ 0.00
Class PO $ 635.75 $ 0.00
Class A $ 2,776,103.46 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 6,034.18 $ 0.00
Class B1 $ 2,347.90 $ 0.00
Class B2 $ 1,674.89 $ 0.00
Class B3 $ 1,342.20 $ 0.00
Class B4 $ 1,005.70 $ 0.00
Class B5 $ 1,006.87 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
----------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 22,831.92
----------
3. Supplemental Servicing Fee amount: $ 97,853.60
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 97.997728 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: % 2.002272
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.72
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-26, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of December 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.246383
-----------------------
Weighted average maturity 162.06
-----------------------
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 $ 763.60000000 $ 5.20000000 %6.24000000
PO $ 3.67450376 $ 0.26159346 $ 0.00000000 %0.00000000
A $ 16.17220814 $ 12.34840355 $ 5.20833333 %6.24999999
M $ 3.82394170 $ 0.00000000 $ 5.20833333 %6.25000000
B1 $ 3.82394137 $ 0.00000000 $ 5.20833876 %6.25000651
B2 $ 3.82394977 $ 0.00000000 $ 5.20833333 %6.25000000
B3 $ 3.82393162 $ 0.00000000 $ 5.20834758 %6.25001709
B4 $ 3.82395437 $ 0.00000000 $ 5.20832700 %6.24999240
B5 $ 3.82395940 $ 0.00000000 $ 5.20832028 %6.24998433
2. Unanticipated Recoveries: $ 0.00
--------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 22,831.92
--------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 172,549,071.11
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 620
---------------
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 36157RXA9
PO $ 173,016.56 $ 172,380.81 $ 996.33 GEC9826PO
A $ 171,658,900.00 $ 168,882,796.54 $ 983.83 36157RXR1
SUP $ 143,460,547.22 $ 165,393,023.95 $ 1,152.88 GE9826SUP
M $ 1,578,000.00 $ 1,571,965.82 $ 996.18 36157RXT7
B1 $ 614,000.00 $ 611,652.10 $ 996.18 36157RXU4
B2 $ 438,000.00 $ 436,325.11 $ 996.18 36157RXV2
B3 $ 351,000.00 $ 349,657.80 $ 996.18 36157RXW0
B4 $ 263,000.00 $ 261,994.30 $ 996.18 36157RXX8
B5 $ 263,305.62 $ 262,298.75 $ 996.18 36157RXY8
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 29 Principal Balance $ 9,517,052.69
-------- -------------
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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