Exhibit 99.10
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 2000
Series 1999-05, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1999 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.199415
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Weighted average maturity 345.63
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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
----- ----------- ----------- ----------- -----------
PO $ 1.16872035 $ 0.19734769 $ 0.00000000 %0.00000000
A1 $ 3.77139302 $ 2.79163498 $ 4.98527447 %6.49999999
A2 $ 4.57383952 $ 3.38561654 $ 4.89348631 %6.49999996
A3 $ 0.00000000 $ 0.00000000 $ 5.41666534 %6.49999841
A4 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A5 $ 0.00000000 $ 0.00000000 $ 5.41666767 %6.50000120
A6 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A7 $ 0.00000000 $ 0.00000000 $ 5.41666572 %6.49999886
A8 $ 6.62585900 $ 4.90454812 $ 4.65876532 %6.49999995
A9 $ 0.00000000 $ 0.00000000 $ 5.20833233 %6.24999880
A10 $ 0.00000000 $ 0.00000000 $ 5.41666600 %6.49999920
A11 $ 0.00000000 $ 0.00000000 $ 5.83333533 %7.00000240
A12 $ 0.00000000 $ 0.00000000 $ 5.41666582 %6.49999899
A13 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A14 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A15 $ 0.00000000 $ 0.00000000 $ 5.41666990 %6.50000388
A16 $ 0.00000000 $ 0.00000000 $ 5.62500093 %6.75000112
A17 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A18 $ 0.00000000 $ 0.00000000 $ 5.62500114 %6.75000137
A19 $ 0.00000000 $ 0.00000000 $ 6.66667000 %8.00000400
A20 $ 0.00000000 $ 0.00000000 $ 7.50000000 %9.00000000
A21 $ 0.00000000 $ 0.00000000 $ 5.41667000 %6.50000400
A22 $ 0.00000000 $ 0.00000000 $ 5.83333000 %6.99999600
A23 $ 0.00000000 $ 0.00000000 $ 5.62500026 %6.75000031
A24 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A25 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A26 $ 0.00000000 $ 0.00000000 $ 5.83333306 %6.99999967
A27 $ 4.42209037 $ 3.27328986 $ 4.91084420 %6.49999998
A28 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A29 $ 0.00000000 $ 0.00000000 $ 5.41666662 %6.49999995
S $ 0.00000000 $ 0.00000000 $ 0.36581834 %0.47039886
M $ 0.88213846 $ 0.00000000 $ 5.37566221 %6.50000006
B1 $ 0.88213863 $ 0.00000000 $ 5.37566188 %6.49999966
B2 $ 0.88213863 $ 0.00000000 $ 5.37566357 %6.50000170
B3 $ 0.88213759 $ 0.00000000 $ 5.37566166 %6.49999938
B4 $ 0.88214150 $ 0.00000000 $ 5.37566248 %6.50000040
B5 $ 0.88214002 $ 0.00000000 $ 5.37566017 %6.49999766
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
2. Unanticipated Recoveries: $ 0.00
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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:
$ 174,774.48
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 735,118,592.03
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,394
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3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO $ 728,318.99 $ 727,454.95 $ 983.97 GEC9905PO
A1 $ 377,288,947.06 $ 375,742,913.52 $ 916.59 36157RH24
A2 $ 58,545,670.52 $ 58,249,262.85 $ 898.84 36157RH32
A3 $ 2,510,000.00 $ 2,510,000.00 $ 1,000.00 36157RH40
A4 $ 3,321,000.00 $ 3,321,000.00 $ 1,000.00 36157RH57
A5 $ 3,322,000.00 $ 3,322,000.00 $ 1,000.00 36157RH65
A6 $ 2,316,000.00 $ 2,316,000.00 $ 1,000.00 36157RH73
A7 $ 3,506,600.00 $ 3,506,600.00 $ 1,000.00 36157RH81
A8 $ 16,140,256.74 $ 16,015,915.87 $ 853.45 36157RH99
A9 $ 3,334,000.00 $ 3,334,000.00 $ 1,000.00 36157RJ22
A10 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36157RJ30
A11 $ 1,667,000.00 $ 1,667,000.00 $ 1,000.00 36157RJ48
A12 $ 3,947,000.00 $ 3,947,000.00 $ 1,000.00 36157RJ55
A13 $ 4,500,000.00 $ 4,500,000.00 $ 1,000.00 36157RJ63
A14 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 36157RJ71
A15 $ 1,030,000.00 $ 1,030,000.00 $ 1,000.00 36157RJ89
A16 $ 4,694,481.00 $ 4,694,481.00 $ 1,000.00 36157RJ97
A17 $ 426,519.00 $ 426,519.00 $ 1,000.00 36157RK20
A18 $ 4,395,000.00 $ 4,395,000.00 $ 1,000.00 36157RK38
A19 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RK46
A20 $ 2,948,000.00 $ 2,948,000.00 $ 1,000.00 36157RK53
A21 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RK61
A22 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RK79
A23 $ 4,814,814.00 $ 4,814,814.00 $ 1,000.00 36157RK87
A24 $ 185,186.00 $ 185,186.00 $ 1,000.00 36157RK95
A25 $ 701,215.00 $ 701,215.00 $ 1,000.00 36157RL29
A26 $ 9,115,785.00 $ 9,115,785.00 $ 1,000.00 36157RL37
A27 $ 90,307,251.93 $ 89,866,771.92 $ 902.20 36157RL45
A28 $ 16,281,000.00 $ 16,281,000.00 $ 1,000.00 36157RL52
A29 $ 78,866,000.00 $ 78,866,000.00 $ 1,000.00 36157RL60
S $ 705,424,104.76 $ 703,023,597.78 $ 930.04 GEC99005S
M $ 15,653,597.40 $ 15,639,683.43 $ 991.55 36157RL86
B1 $ 5,870,223.08 $ 5,865,005.23 $ 991.55 36157RL94
B2 $ 3,522,133.85 $ 3,519,003.14 $ 991.55 36157RM28
B3 $ 4,304,764.10 $ 4,300,937.73 $ 991.55 36157RM51
B4 $ 1,565,458.98 $ 1,564,067.50 $ 991.55 36157RM69
B5 $ 2,348,063.00 $ 2,345,975.89 $ 991.55 36157RM77
R $ 0.00 $ 0.00 $ 0.00 36157RL78
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 $ 3,157,290.75
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2. 60-89 days
Number 2 Principal Balance $ 228,932.52
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3. 90 days or more
Number 1 Principal Balance $ 278,950.68
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4. In Foreclosure
Number 1 Principal Balance $ 347,153.99
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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
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E. Other Information:
1. Special Hazard Loss Amount: $ 7,886,560.00
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2. Bankruptcy Loss Amount: $ 240,301.00
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3. Fraud Loss Amount: $ 7,886,560.00
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4. Certificate Interest Rate of the Class S Certificate:%0.00000000
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G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
- ----- ------- ------ --------------- -------
A19-INT $ 20,000.00 $ 0.00 $ 0.00 $ 7,500.00
A20-INT $ 73,701.00 $ 0.00 $ 0.00 $ 12,290.90
A12 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A13 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A18 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A21 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A22 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A23 $ 999.99 $ 0.00 $ 0.00 $ 999.99