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: January 27, 2000
(Date of earliest event reported)
Commission File Nos.: 333-68951
GE Capital Mortgage Services, Inc.
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New Jersey 21-0627285
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(States of Incorporation) (I.R.S. Employer Identification Nos.)
Three Executive Campus
Cherry Hill, New Jersey 08002
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Addresses of principal executive offices (Zip Codes)
(856) 661-6100
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Registrants' Telephone Numbers, including area code
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(Former names, former addresses and former fiscal years, if changed since last
report)
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ITEM 5. Other Events
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Attached as an exhibit are the Collateral Term Sheets (as defined in
the no-action letter dated February 17, 1995 issued by the Securities and
Exchange Commission to the Public Securities Association) prepared by
PaineWebber Incorporated which are hereby filed pursuant to such letter.
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ITEM 7. Financial Statements and Exhibits
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(c) Exhibits
Item 601(a)
of Regulation S-K
Exhibit No. Description
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(99) Collateral Terms Sheets
prepared by PaineWebber
Incorporated in connection
with GE Capital Mortgage
Services, Inc., REMIC
Mortgage Pass-Through
Certificates, Series 2000-1.
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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 hereunto duly authorized.
GE CAPITAL MORTGAGE SERVICES, INC.
January 27, 2000
By: /s/ Al Gentile
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Name: Al Gentile
Title: Designated Officer
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INDEX TO EXHIBITS
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Paper (P) or
Exhibit No. Description Electronic (E)
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(99) Collateral Terms Sheets E
Prepared by PaineWebber
Incorporated in connection
with GE Capital Mortgage
Services, Inc., REMIC
Mortgage Pass-Through
Certificates, Series 2000-1.
PaineWebber Inc.
$400MM GECMS 2000-1
Whole Loan 30YR Fixed-Rate
GWAC 7.98% +/-15bps
Pass-Through 7.50%
WAM 355 +/-2 months
California 45% max
Avg Loan Balance $294K approx.
WA LTV 76% approx.
Primary Occupancy 97% approx.
Cash-Out Refi 10% approx.
SFD/PUD 94% approx.
Full Doc 85% approx.
AAA Ratings 2 of 4 (S&P, Moody's, Fitch, D&P)
Estimated Subordination Level 4.25%
Pricing Speed 250% PSA
Settlement Date January 28, 2000
All numbers approximate.
All tranches subject to 5% size variance.
The information herein has been provided solely by PaineWebber Incorporated.
Neither the issuer of certificates nor any of its affiliates makes any
representation as to the accuracy or completeness of the information herein. The
information herein is preliminary, and will be superseded by the applicable
prospectus supplement and by an other information subsequently filed with the
Securities and Exchange Commission. The information contained herein will be
superseded by the Description of the Mortgage Pool contained in the Prospectus
Supplement relating to the Certificates and supersedes all information contained
in any collateral term sheets relating to the mortgage pool previously provided
by PaineWebber Incorporated.
