Exhibit 99.08
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
August, 1998
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 % 7.544533
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Weighted average maturity 351.64
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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
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.40000000 % 0.00000000
PO $ 1.01860740 $ 0.13350993 $ 0.00000000 % 0.00000000
A1 $ 29.36676368 $ 28.27845021 $ 4.89425760 % 6.49999997
A2 $ 3.93467644 $ 3.78885982 $ 5.74933843 % 7.00000001
A3 $ 108.12550198 $ 104.11843972 $ 3.35561711 % 6.20000000
A4 $ 108.12550183 $ 104.11843972 $ 5.80917902 % 10.73331932
A5 $ 29.36676367 $ 28.27845021 $ 5.08249828 % 6.74999998
A6 $ 0.00000000 $ 0.00000000 $ 5.45833338 % 6.55000006
A7 $ 0.00000000 $ 0.00000000 $ 6.12500015 % 7.35000018
A8 $ 0.00000000 $ 0.00000000 $ 5.62499997 % 6.74999996
M $ 0.77296127 $ 0.00000000 $ 5.60366945 % 6.74999979
B1 $ 0.77296139 $ 0.00000000 $ 5.60366895 % 6.74999918
B2 $ 0.77296009 $ 0.00000000 $ 5.60366962 % 6.74999999
B3 $ 0.77295927 $ 0.00000000 $ 5.60366999 % 6.75000043
B4 $ 0.77296309 $ 0.00000000 $ 5.60366644 % 6.74999618
B5 $ 0.77296228 $ 0.00000000 $ 5.60366735 % 6.74999727
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: $ 125,812.46
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 552,912,020.25
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,824
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3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157REP6
PO $ 213,822.75 $ 213,602.03 $ 985.76 GEC9804PO
A1 $ 97,602,941.96 $ 94,430,714.79 $ 874.19 36157REF8
A2 $ 80,478,253.63 $ 80,156,971.56 $ 981.67 36157REG6
A3 $ 14,102,684.51 $ 11,754,847.37 $ 541.35 36157REH4
A4 $ 3,022,003.82 $ 2,518,895.86 $ 541.35 36157REJ0
A5 $ 152,296,044.97 $ 147,346,218.22 $ 874.19 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 $ 551,372,806.02 $ 540,072,475.22 $ 918.21 GEC98004S
M $ 11,084,805.67 $ 11,076,204.94 $ 995.43 36157REQ4
B1 $ 5,392,473.54 $ 5,388,289.50 $ 995.43 36157RER2
B2 $ 2,695,738.67 $ 2,693,647.04 $ 995.43 36157RES0
B3 $ 2,396,876.29 $ 2,395,016.55 $ 995.43 36157RET8
B4 $ 1,198,238.90 $ 1,197,309.18 $ 995.43 36157REU5
B5 $ 1,796,342.06 $ 1,794,948.27 $ 995.43 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 14 Principal Balance $ 4,776,659.82
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2. 60-89 days
Number 1 Principal Balance $ 253,769.17
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3. 90 days or more
Number 1 Principal Balance $ 78,130.21
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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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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 % 6.20000000
A4 % 10.73331932
A6 % 6.55000006
A7 % 7.35000018
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
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2. Bankruptcy Loss Amount: $ 0.00
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3. Fraud Loss Amount: $ 0.00
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4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
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