Exhibit 99.46
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 2000
Series 1999-21, 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 % 7.326425
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Weighted average maturity 173.83
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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 $ 15.08315034 $ 11.71472179 $ 0.00000000 %0.00000000
A $ 12.29541026 $ 9.12482563 $ 5.50293991 %6.75000003
S $ 0.00000000 $ 0.00000000 $ 0.42954047 %0.52636383
M $ 3.23062980 $ 0.00000000 $ 5.60715054 %6.74999633
B1 $ 3.23063364 $ 0.00000000 $ 5.60715438 %6.75000095
B2 $ 3.23062212 $ 0.00000000 $ 5.60714286 %6.74998708
B3 $ 3.23063309 $ 0.00000000 $ 5.60715108 %6.74999695
B4 $ 3.23061538 $ 0.00000000 $ 5.60715385 %6.75000029
B5 $ 3.23061775 $ 0.00000000 $ 5.60714664 %6.74999172
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:
$ 39,849.85
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 167,840,380.00
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 524
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3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO $ 1,440,385.41 $ 1,418,269.42 $ 967.26 GEC9921PO
A $ 164,608,829.53 $ 162,540,003.80 $ 966.01 36157R6M2
S $ 122,802,382.54 $ 121,149,194.45 $ 966.08 GEC99021S
M $ 1,297,869.15 $ 1,293,662.87 $ 993.60 36157R6P5
B1 $ 865,246.10 $ 862,441.92 $ 993.60 36157R6Q3
B2 $ 432,623.05 $ 431,220.96 $ 993.60 36157R6R1
B3 $ 692,794.98 $ 690,549.69 $ 993.60 36157R7P4
B4 $ 259,175.10 $ 258,335.14 $ 993.60 36157R7Q2
B5 $ 347,020.87 $ 345,896.21 $ 993.60 36157R7R0
R $ 0.00 $ 0.00 $ 0.00 36157R6N0
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 $ 2,431,716.47
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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
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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: $ 2,736,101.00
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2. Bankruptcy Loss Amount: $ 100,000.00
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3. Fraud Loss Amount: $ 1,736,335.00
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4. Certificate Interest Rate of the Class S Certificate:%0.00000000
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