Exhibit 99.58
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-19, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of October 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 % 7.26922
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Weighted average maturity 354.60
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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 $ 0.00000000 %0.00000000
PO $ 1.22792439 $ 0.31228988 $ 0.00000000 %0.00000000
A1 $ 13.51799460 $ 12.40824017 $ 5.19983571 %6.50000004
A2 $ 11.31360146 $ 10.38481579 $ 5.23519456 %6.50000004
A3 $ 0.00000000 $ 0.00000000 $ 5.41666644 %6.49999973
A4 $ 0.00000000 $ 0.00000000 $ 5.41667000 %6.50000400
A5 $ 0.00000000 $ 0.00000000 $ 5.41667000 %6.50000400
A6 $ 0.00000000 $ 0.00000000 $ 5.83333346 %7.00000015
A7 $ 10.95101000 $ 10.05199000 $ 5.29899000 %6.50000284
A8 $ 0.00000000 $ 0.00000000 $ 5.41666600 %6.49999920
A9 $ 0.00000000 $ 0.00000000 $ 5.47550500 %6.49999863
A10 $ 0.00000000 $ 0.00000000 $ 5.53880006 %6.64656007
A11 $ 0.00000000 $ 0.00000000 $ 4.02809418 %4.83371302
A12 $ 0.00000000 $ 0.00000000 $ 5.41666676 %6.50000011
M $ 0.80141870 $ 0.00000000 $ 5.40814736 %6.49999895
B1 $ 0.80141997 $ 0.00000000 $ 5.40814802 %6.49999974
B2 $ 0.80141870 $ 0.00000000 $ 5.40814559 %6.49999683
B3 $ 0.80141806 $ 0.00000000 $ 5.40814875 %6.50000064
B4 $ 0.80141718 $ 0.00000000 $ 5.40814880 %6.50000067
B5 $ 0.80141799 $ 0.00000000 $ 5.40815127 %6.50000367
2. Unanticipated Recoveries: $ 0.00
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B. Accrual Amount
1.
Accrual Amount
Class
A9 $ 10,951.01
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 88,404.82
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 362,814,990.62
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,086
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3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RUK9
PO $ 67,200.42 $ 67,117.73 $ 996.68 GEC9819PO
A1 $ 122,708,122.25 $ 120,980,184.59 $ 946.45 36157RTX3
A2 $ 145,699,490.80 $ 143,993,965.38 $ 955.18 36157RTY1
A3 $ 14,906,000.00 $ 14,906,000.00 $ 1,000.00 36157RTZ8
A4 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RUA1
A5 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RUB9
A6 $ 6,733,433.00 $ 6,733,433.00 $ 1,000.00 36157RUC7
A7 $ 978,274.65 $ 967,323.64 $ 967.32 36157RUD5
A8 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36157RUE3
A9 $ 2,021,725.35 $ 2,032,676.36 $ 1,016.34 36157RUF0
A10 $ 10,520,990.00 $ 10,520,990.00 $ 1,000.00 36157RUG8
A11 $ 2,945,877.00 $ 2,945,877.00 $ 1,000.00 36157RUH6
A12 $ 37,645,000.00 $ 37,645,000.00 $ 1,000.00 36157RUJ2
SUP $ 362,918,257.72 $ 359,476,200.04 $ 963.48 GE9819SUP
M $ 5,637,120.91 $ 5,632,596.09 $ 997.63 36157RUL7
B1 $ 2,819,558.88 $ 2,817,295.67 $ 997.63 36157RUM5
B2 $ 1,879,040.30 $ 1,877,532.03 $ 997.63 36157RUN3
B3 $ 2,443,151.76 $ 2,441,190.69 $ 997.63 GEC9819B3
B4 $ 1,127,224.50 $ 1,126,319.69 $ 997.63 GEC9819B4
B5 $ 1,128,394.44 $ 1,127,488.70 $ 997.63 GEC9819B5
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 5 Principal Balance $ 1,806,797.26
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2. 60-89 days
Number 1 Principal Balance $ 246,622.95
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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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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
A10 % 6.64656007
A11 % 4.83371302
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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