Exhibit 99.44
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 2000
Series 1999-20, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 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 % 7.910817
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Weighted average maturity 354.41
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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 $ 0.94105304 $ 0.05186977 $ 0.00000000 %0.00000000
A1 $ 18.93237571 $ 17.66953373 $ 5.98033878 %7.25000000
A2 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A3 $ 0.00000000 $ 0.00000000 $ 6.24999986 %7.49999983
A4 $ 0.00000000 $ 0.00000000 $ 6.25000000 %7.50000000
A5 $ 0.00000000 $ 0.00000000 $ 6.25000000 %7.50000000
A6 $ 0.00000000 $ 0.00000000 $ 6.25000259 %7.50000311
A7 $ 0.00000000 $ 0.00000000 $ 6.25000180 %7.50000216
A8 $ 0.00000000 $ 0.00000000 $ 6.25000000 %7.50000000
A9 $ 0.00000000 $ 0.00000000 $ 6.66667000 %8.00000400
A10 $ 0.00000000 $ 0.00000000 $ 6.25000000 %7.50000000
A11 $ 0.00000000 $ 0.00000000 $ 6.25000000 %7.50000000
A12 $ 0.00000000 $ 0.00000000 $ 6.24999966 %7.49999959
A13 $ 0.00000000 $ 0.00000000 $ 6.25000000 %7.50000000
A14 $ 0.00000000 $ 0.00000000 $ 6.25000034 %7.50000041
A15 $ 0.00000000 $ 0.00000000 $ 6.25000000 %7.50000000
A16 $ 0.00000000 $ 0.00000000 $ 6.66667000 %8.00000400
A17 $ 0.00000000 $ 0.00000000 $ 6.04166669 %7.25000003
A18 $ 0.00000000 $ 0.00000000 $ 6.04166657 %7.24999988
A19 $ 0.00000000 $ 0.00000000 $ 6.04166650 %7.24999980
S $ 0.00000000 $ 0.00000000 $ 0.48681882 %0.58794388
M $ 0.71312548 $ 0.00000000 $ 6.03738931 %7.24999933
B1 $ 0.71312671 $ 0.00000000 $ 6.03739041 %7.25000065
B2 $ 0.71312419 $ 0.00000000 $ 6.03738680 %7.24999633
B3 $ 0.71312573 $ 0.00000000 $ 6.03739232 %7.25000292
B4 $ 0.71313155 $ 0.00000000 $ 6.03739232 %7.25000292
B5 $ 0.71312206 $ 0.00000000 $ 6.03739368 %7.25000459
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:
$ 76,758.91
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 338,197,593.54
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,040
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3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO $ 2,661,825.16 $ 2,659,317.67 $ 998.03 GEC9920PO
A1 $ 181,473,509.08 $ 178,002,551.35 $ 970.92 36157R6S9
A2 $ 1,804,701.00 $ 1,804,701.00 $ 1,000.00 36157R6T7
A3 $ 17,964,986.00 $ 17,964,986.00 $ 1,000.00 36157R6U4
A4 $ 1,900,000.00 $ 1,900,000.00 $ 1,000.00 36157R6V2
A5 $ 2,823,000.00 $ 2,823,000.00 $ 1,000.00 36157R6W0
A6 $ 1,927,100.00 $ 1,927,100.00 $ 1,000.00 36157R6X8
A7 $ 1,391,750.00 $ 1,391,750.00 $ 1,000.00 36157R6Y6
A8 $ 950,000.00 $ 950,000.00 $ 1,000.00 36157R6Z3
A9 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157R7A7
A10 $ 900,000.00 $ 900,000.00 $ 1,000.00 36157R7B5
A11 $ 1,900,000.00 $ 1,900,000.00 $ 1,000.00 36157R7C3
A12 $ 7,306,450.00 $ 7,306,450.00 $ 1,000.00 36157R7D1
A13 $ 4,408,000.00 $ 4,408,000.00 $ 1,000.00 36157R7E9
A14 $ 7,262,014.00 $ 7,262,014.00 $ 1,000.00 36157R7F6
A15 $ 1,603,000.00 $ 1,603,000.00 $ 1,000.00 36157R7G4
A16 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157R7H2
A17 $ 34,355,500.00 $ 34,355,500.00 $ 1,000.00 36157R7J8
A18 $ 29,837,494.00 $ 29,837,494.00 $ 1,000.00 36157R7V1
A19 $ 24,621,364.00 $ 24,621,364.00 $ 1,000.00 36157R7W9
S $ 274,798,392.77 $ 271,374,194.84 $ 981.22 GEC99020S
M $ 6,522,379.64 $ 6,517,725.07 $ 998.58 36157R7L3
B1 $ 2,917,932.98 $ 2,915,850.65 $ 998.58 36157R7M1
B2 $ 1,544,905.61 $ 1,543,803.12 $ 998.58 36157R7N9
B3 $ 1,716,783.86 $ 1,715,558.71 $ 998.58 36157R7S8
B4 $ 858,391.93 $ 857,779.35 $ 998.58 36157R7T6
B5 $ 1,030,383.90 $ 1,029,648.59 $ 998.58 36157R7U3
R $ 0.00 $ 0.00 $ 0.00 36157R7K5
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 23 Principal Balance $ 8,033,142.59
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
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3. 90 days or more
Number 0 Principal Balance $ 0.00
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4. In Foreclosure
Number 0 Principal Balance $ 0.00
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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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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
A9 % 8.00000400
A16 % 8.00000400
E. Other Information:
1. Special Hazard Loss Amount: $ 4,439,614.00
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2. Bankruptcy Loss Amount: $ 137,578.00
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3. Fraud Loss Amount: $ 3,435,556.00
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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
- ----- ------- ------ --------------- -------
A9 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A10 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A11 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A15 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A9 $ 15,000.00 $ 0.00 $ 0.00 $ 14,166.66
A16 $ 15,000.00 $ 0.00 $ 0.00 $ 14,166.68