Exhibit 99.26
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-10A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 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 % 7.396379
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Weighted average maturity 349.45
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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
----- ----------- ----------- ----------- -----------
PO1 1.14274540 $ 0.21924803 $ 0.00000000 % 0.00000000
1A1 0.00000000 $ 0.00000000 $ 5.54166668 % 6.65000002
1A2 0.00000000 $ 0.00000000 $ 5.41666657 % 6.49999989
1A3 0.00000000 $ 0.00000000 $ 5.33333333 % 6.40000000
1A4 0.00000000 $ 0.00000000 $ 5.62499941 % 6.74999906
1A5 38.65011037 $ 37.08217247 $ 5.60070689 % 7.00000002
1A6 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1A7 76.10077883 $ 73.43947368 $ 0.44392151 % 7.00000472
1A8 0.00000000 $ 0.00000000 $ 6.07573684 % 6.99999989
1A9 36.69790807 $ 35.20916628 $ 0.00000000 % 0.00000000
1A10 0.00000000 $ 0.00000000 $ 5.62500006 % 6.75000008
1R 0.00000000 $ 0.00000000 $ 36.10000000 %43.32000000
1RL 0.00000000 $ 0.00000000 $ 5.60000000 % 6.72000000
1M 0.80728269 $ 0.00000000 $ 5.59411841 % 6.75000009
1B1 0.80728199 $ 0.00000000 $ 5.59411925 % 6.75000111
1B2 0.80728357 $ 0.00000000 $ 5.59411661 % 6.74999792
1B3 0.80728131 $ 0.00000000 $ 5.59412028 % 6.75000235
1B4 0.80728628 $ 0.00000000 $ 5.59411531 % 6.74999639
1B5 0.80728454 $ 0.00000000 $ 5.59411512 % 6.74999613
2. Unanticipated Recoveries: $ 0.00
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B. Accrual Amount
1.
Accrual Amount
Class
1A7 $ 5,836.68
1A8 $ 6,926.34
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 109,218.89
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 449,764,685.47
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,475
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3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO1 $ 629,435.79 $ 628,711.15 $ 991.47 GEC9810P1
1A1 $ 100,043,000.00 $ 100,043,000.00 $ 1,000.00 36158GDV7
1A2 $ 35,000,000.00 $ 35,000,000.00 $ 1,000.00 36158GDW5
1A3 $ 28,530,000.00 $ 28,530,000.00 $ 1,000.00 36158GDX3
1A4 $ 4,257,748.15 $ 4,257,748.15 $ 1,000.00 36158GDY1
1A5 $ 185,207,375.36 $ 177,751,769.07 $ 921.47 36158GDZ8
1A6 $ 0.00 $ 0.00 $ 0.00 36158GEA2
1A7 $ 1,000,573.04 $ 0.00 $ 0.00 36158GEB0
1A8 $ 1,187,372.59 $ 1,194,298.93 $ 1,047.63 36158GEC8
1A9 $ 6,941,110.06 $ 6,628,150.30 $ 777.22 36158GED6
1A10 $ 79,991,000.00 $ 79,991,000.00 $ 1,000.00 36158GEE4
SUP1 $ 428,140,559.87 $ 419,395,967.04 $ 887.67 GEC9810S1
1R $ 100.00 $ 100.00 $ 1,000.00 36158GEF1
1RL $ 100.00 $ 100.00 $ 1,000.00 36158GEG9
1M $ 9,255,903.87 $ 9,248,390.49 $ 993.70 36157RGR0
1B1 $ 4,002,902.45 $ 3,999,653.14 $ 993.70 36157RGS8
1B2 $ 2,251,570.47 $ 2,249,742.78 $ 993.70 36157RGT6
1B3 $ 2,000,953.97 $ 1,999,329.72 $ 993.70 36157RHH1
1B4 $ 1,000,476.98 $ 999,664.85 $ 993.70 36157RHJ7
1B5 $ 1,501,993.75 $ 1,500,774.52 $ 993.70 36157RHK4
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 8 Principal Balance $ 2,826,981.30
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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: % 0.00000000
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