Exhibit 99.20
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-08A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 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 % 7.417467
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Weighted average maturity 347.49
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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 $ 1.47177808 $ 0.50912501 $ 0.00000000 % 0.00000000
1A1 $ 18.30766175 $ 17.58097875 $ 4.95118155 % 6.75000000
1A2 $ 27.23535667 $ 26.15431000 $ 4.62259667 % 6.74999764
1A3 $ 22.53328924 $ 21.63887915 $ 4.79565865 % 6.74999998
1A4 $ 0.00000000 $ 0.00000000 $ 5.62500016 % 6.75000019
1A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1M $ 0.82034138 $ 0.00000000 $ 5.58931628 % 6.75000021
1B1 $ 0.82034199 $ 0.00000000 $ 5.58931603 % 6.74999989
1B2 $ 0.82034177 $ 0.00000000 $ 5.58931647 % 6.75000044
1B3 $ 0.82033949 $ 0.00000000 $ 5.58931603 % 6.74999991
1B4 $ 0.82033932 $ 0.00000000 $ 5.58931138 % 6.74999428
1B5 $ 0.82034066 $ 0.00000000 $ 5.58931446 % 6.74999802
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:
$ 103,940.85
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 434,442,512.87
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,454
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3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
1PO $ 518,747.12 $ 517,968.58 $ 979.17 GEC9881PO
1A1 $ 176,042,010.71 $ 172,380,478.36 $ 861.90 36157RFC4
1A2 $ 2,465,385.75 $ 2,383,679.68 $ 794.56 36157RFD2
1A3 $ 190,121,223.65 $ 185,096,300.15 $ 830.03 36157RFE0
1A4 $ 23,933,914.00 $ 23,933,914.00 $ 1,000.00 36157RFF7
1A5 $ 29,000,000.00 $ 29,000,000.00 $ 1,000.00 36157RFG5
SUP1 $ 419,679,727.19 $ 410,925,174.19 $ 862.30 GE988SUP1
1R $ 0.00 $ 0.00 $ 0.00 36157RFL4
1M $ 10,449,288.57 $ 10,440,661.86 $ 992.84 36157RFH3
1B1 $ 3,980,586.73 $ 3,977,300.44 $ 992.84 36157RFJ9
1B2 $ 2,238,707.41 $ 2,236,859.18 $ 992.84 36157RFK6
1B3 $ 1,990,293.36 $ 1,988,650.22 $ 992.84 36158GCL0
1B4 $ 995,643.51 $ 994,821.53 $ 992.84 36158GCM8
1B5 $ 1,493,111.55 $ 1,491,878.87 $ 992.84 36158GCN6
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 9 Principal Balance $ 2,912,331.84
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2. 60-89 days
Number 1 Principal Balance $ 242,607.45
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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: % 0.00000000
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