Exhibit 99.14
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-6A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 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 % 7.426206
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Weighted average maturity 348.06
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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
----- ----------- ----------- ----------- -----------
1PO $ 1.05346215 $ 0.13955253 $ 0.00000000 %0.00000000
1A1 $ 43.80848315 $ 42.75289997 $ 4.50696305 %6.74999999
1A2 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
1A3 $ 0.00000000 $ 0.00000000 $ 5.40624965 %6.48749958
1A4 $ 0.00000000 $ 0.00000000 $ 6.28124918 %7.53749902
1A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
1A6 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
1R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
1M $ 0.80145217 $ 0.00000000 $ 5.58539568 %6.75000056
1B1 $ 0.80145410 $ 0.00000000 $ 5.58539741 %6.75000265
1B2 $ 0.80145674 $ 0.00000000 $ 5.58539978 %6.75000554
1B3 $ 0.80145499 $ 0.00000000 $ 5.58540074 %6.75000668
1B4 $ 0.80145428 $ 0.00000000 $ 5.58538329 %6.74998553
1B5 $ 0.80145130 $ 0.00000000 $ 5.58540090 %6.75000690
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:
$ 42,320.98
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 171,459,296.40
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 559
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3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
1PO $ 180,334.21 $ 180,142.63 $ 990.52 GEC986PO1
1A1 $ 103,468,654.36 $ 97,811,402.08 $ 757.43 36158GBH0
1A2 $ 32,504,000.00 $ 32,504,000.00 $ 1,000.00 36158GBJ6
1A3 $ 8,050,050.00 $ 8,050,050.00 $ 1,000.00 36158GBK3
1A4 $ 2,683,350.00 $ 2,683,350.00 $ 1,000.00 36158GBL1
1A5 $ 4,100,000.00 $ 4,100,000.00 $ 1,000.00 36158GBM9
1A6 $ 18,080,000.00 $ 18,080,000.00 $ 1,000.00 36158GBN7
SUP1 $ 168,777,182.76 $ 163,123,283.70 $ 838.98 GE986SUP1
1R $ 0.00 $ 0.00 $ 0.00 36158GCD8
1M $ 3,726,575.69 $ 3,723,567.84 $ 992.16 36158GBP2
1B1 $ 1,611,572.70 $ 1,610,271.95 $ 992.16 36158GBQ0
1B2 $ 906,571.70 $ 905,839.98 $ 992.16 36158GBR8
1B3 $ 805,289.87 $ 804,639.89 $ 992.16 36158GCE6
1B4 $ 402,843.53 $ 402,518.38 $ 992.16 36158GCF3
1B5 $ 604,001.16 $ 603,513.65 $ 992.16 36158GCG1
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 3 Principal Balance $ 824,468.83
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2. 60-89 days
Number 0 Principal Balance $ 0.00
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3. 90 days or more
Number 1 Principal Balance $ 264,859.25
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4. In Foreclosure
Number 2 Principal Balance $ 530,994.49
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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
1A3 % 6.48749958
1A4 % 7.53749902
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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F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class 1A5_1 $ 0.00
Class 1A5_2 $ 0.00
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class 1A5_1 $ 1,780,000.00
Class 1A5_2 $ 2,320,000.00