Exhibit 99.34
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-11C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 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 % 7.106183
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Weighted average maturity 171.51
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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
----- ----------- ----------- ----------- -----------
3PO $ 4.25053095 $ 0.76691683 $ 0.00000000 % 0.00000000
SUP3 $ 0.00000000 $ 0.00000000 $ 0.31170660 % 0.40155055
3A $ 25.40216513 $ 22.30647893 $ 5.05907922 % 6.50000003
3M $ 3.26093345 $ 0.00000000 $ 5.32913570 % 6.49999706
3B1 $ 3.26093426 $ 0.00000000 $ 5.32913495 % 6.49999614
3B2 $ 3.26093426 $ 0.00000000 $ 5.32913495 % 6.49999625
3B3 $ 3.26094828 $ 0.00000000 $ 5.32913793 % 6.49999991
3B4 $ 3.26092486 $ 0.00000000 $ 5.32913295 % 6.49999380
3B5 $ 3.26093264 $ 0.00000000 $ 5.32916109 % 6.50002795
3R $ 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:
$ 22,242.18
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 105,343,188.29
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 344
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3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
3PO $ 287,362.45 $ 286,117.58 $ 976.93 GE98113PO
SUP3 $ 99,742,798.42 $ 96,904,072.84 $ 905.00 G9811SUP3
3A $ 105,369,874.51 $ 102,504,061.63 $ 908.58 36157RKW4
3M $ 1,138,303.90 $ 1,134,530.99 $ 980.58 36157RKX2
3B1 $ 568,660.03 $ 566,775.21 $ 980.58 36157RKY0
3B2 $ 284,330.01 $ 283,387.60 $ 980.58 36157RKZ7
3B3 $ 228,251.08 $ 227,494.55 $ 980.58 36157RLA1
3B4 $ 170,204.47 $ 169,640.33 $ 980.58 36157RLB9
3B5 $ 171,748.80 $ 171,179.54 $ 980.58 36157RLC7
3R $ 0.00 $ 0.00 $ 0.00 36157RLD5
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 2 Principal Balance $ 358,863.64
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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: $ 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: % 0.40155055
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