Exhibit 99.16
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-6B, 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 % 7.42837
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Weighted average maturity 346.72
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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
----- ----------- ----------- ----------- -----------
2PO $ 16.72605195 $ 15.81845792 $ 0.00000000 %0.00000000
2A1 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
2A2 $ 53.19160908 $ 52.20300006 $ 3.98081701 %6.75000004
2A3 $ 44.28216643 $ 43.45914659 $ 4.25621294 %6.74999998
2A4 $ 50.85102150 $ 49.90591401 $ 4.88758318 %6.74999990
2A5 $ 0.00000000 $ 0.00000000 $ 5.62500031 %6.75000037
2A6 $ 0.00000000 $ 0.00000000 $ 4.83333333 %5.80000000
2A7 $ 0.00000000 $ 0.00000000 $ 8.00000000 %9.60000000
2A8 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2M $ 0.79900961 $ 0.00000000 $ 5.58110633 %6.74999900
2B1 $ 0.79900804 $ 0.00000000 $ 5.58110686 %6.74999963
2B2 $ 0.79900613 $ 0.00000000 $ 5.58110960 %6.75000295
2B3 $ 0.79901187 $ 0.00000000 $ 5.58111069 %6.75000426
2B4 $ 0.79900421 $ 0.00000000 $ 5.58111069 %6.75000426
2B5 $ 0.79900492 $ 0.00000000 $ 5.58110749 %6.75000039
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:
$ 53,052.64
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 255,088,159.58
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 832
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3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
2PO $ 170,100.01 $ 167,225.27 $ 972.96 GEC986PO2
2A1 $ 0.00 $ 0.00 $ 0.00 36158GBS6
2A2 $ 56,754,065.48 $ 52,488,364.38 $ 654.51 36158GBT4
2A3 $ 95,339,170.04 $ 89,759,617.07 $ 712.38 36158GBU1
2A4 $ 19,036,810.94 $ 17,922,715.92 $ 818.05 36158GBV9
2A5 $ 16,135,000.00 $ 16,135,000.00 $ 1,000.00 36158GBW7
2A6 $ 24,879,000.00 $ 24,879,000.00 $ 1,000.00 36158GBX5
2A7 $ 8,293,000.00 $ 8,293,000.00 $ 1,000.00 36158GBY3
2A8 $ 32,500,000.00 $ 32,500,000.00 $ 1,000.00 36158GBZ0
SUP2 $ 256,635,913.19 $ 246,147,054.12 $ 776.81 GE986SUP2
2M $ 5,990,884.44 $ 5,986,060.03 $ 991.40 36158GCA4
2B1 $ 2,590,625.92 $ 2,588,539.70 $ 991.40 36158GCB2
2B2 $ 1,457,537.14 $ 1,456,363.40 $ 991.40 36158GCC0
2B3 $ 1,295,312.96 $ 1,294,269.85 $ 991.40 36158GCH9
2B4 $ 647,656.48 $ 647,134.93 $ 991.40 36158GCJ5
2B5 $ 971,651.50 $ 970,869.03 $ 991.40 36158GCK2
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 $ 3,235,375.23
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2. 60-89 days
Number 3 Principal Balance $ 779,484.80
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3. 90 days or more
Number 1 Principal Balance $ 239,773.96
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4. In Foreclosure
Number 1 Principal Balance $ 295,157.89
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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
2A6 % 5.80000000
2A7 % 9.60000000
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 N/A $ N/A
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class N/A $ N/A