Exhibit 99.62
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-21, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of November 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 % 7.262125
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Weighted average maturity 355.08
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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 $ 2.60846577 $ 1.63561721 $ 0.00000000 % 0.00000000
A1 $ 11.81896679 $ 10.89049288 $ 5.15473601 % 6.25000001
A2 $ 0.00000000 $ 0.00000000 $ 5.20833724 % 6.25000468
A3 $ 0.79743490 $ 0.73479013 $ 5.20420948 % 6.25000003
A4 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
A5 $ 0.00000000 $ 0.00000000 $ 5.41666674 % 6.50000009
A6 $ 0.00000000 $ 0.00000000 $ 5.28879901 % 6.34655881
A7 $ 0.00000000 $ 0.00000000 $ 6.63360352 % 7.96032423
A8 $ 0.00000000 $ 0.00000000 $ 5.00000000 % 6.00000000
A9 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A10 $ 0.00000000 $ 0.00000000 $ 5.41666677 % 6.50000013
A11 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A12 $ 13.79633810 $ 12.71252590 $ 5.14576892 % 6.25000002
A13 $ 0.00000000 $ 0.00000000 $ 5.20833346 % 6.25000016
M $ 0.79743444 $ 0.00000000 $ 5.20420980 % 6.25000043
B1 $ 0.79743534 $ 0.00000000 $ 5.20420977 % 6.25000039
B2 $ 0.79743295 $ 0.00000000 $ 5.20421030 % 6.25000104
B3 $ 0.79743295 $ 0.00000000 $ 5.20420977 % 6.25000039
B4 $ 0.79743295 $ 0.00000000 $ 5.20420498 % 6.24999467
B5 $ 0.79743754 $ 0.00000000 $ 5.20421176 % 6.25000279
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:
$ 115,764.21
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 512,632,285.49
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,554
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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 36157RWD3
PO $ 32,088.16 $ 32,004.29 $ 995.37 GEC9821PO
A1 $ 330,743,037.35 $ 326,793,351.39 $ 977.89 36157RVQ5
A2 $ 854,000.00 $ 854,000.00 $ 1,000.00 36157RVR3
A3 $ 50,026,790.14 $ 49,986,865.42 $ 998.41 36157RVS1
A4 $ 1,500,000.00 $ 1,500,000.00 $ 1,000.00 36157RVT9
A5 $ 5,729,387.00 $ 5,729,387.00 $ 1,000.00 36157RVU6
A6 $ 1,583,333.00 $ 1,583,333.00 $ 1,000.00 36157RVV4
A7 $ 527,778.00 $ 527,778.00 $ 1,000.00 36157RVW2
A8 $ 4,854,400.00 $ 4,854,400.00 $ 1,000.00 36157RVX0
A9 $ 263,889.00 $ 263,889.00 $ 1,000.00 36157RVY8
A10 $ 11,630,769.00 $ 11,630,769.00 $ 1,000.00 36157RVZ5
A11 $ 465,231.00 $ 465,231.00 $ 1,000.00 36157RWA9
A12 $ 75,334,056.74 $ 74,282,085.96 $ 974.19 36157RWB7
A13 $ 12,757,000.00 $ 12,757,000.00 $ 1,000.00 36157RWC5
SUP $ 516,541,416.39 $ 511,486,139.83 $ 981.83 GE9821SUP
M $ 10,172,938.82 $ 10,164,820.14 $ 998.41 36157RWE1
B1 $ 4,172,693.50 $ 4,169,363.41 $ 998.41 36157RWF8
B2 $ 2,347,140.09 $ 2,345,266.92 $ 998.41 36157RWG6
B3 $ 2,086,346.75 $ 2,084,681.71 $ 998.41 36157RWS0
B4 $ 1,043,173.37 $ 1,042,340.85 $ 998.41 36157RWT8
B5 $ 1,566,968.90 $ 1,565,718.35 $ 998.41 36157RWU5
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 20 Principal Balance $6,459,977.61
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2. 60-89 days
Number 7 Principal Balance $2,192,894.71
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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
A6 % 6.34655881
A7 % 7.96032423
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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