Exhibit 99.22
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-08B, 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 % 7.408836
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Weighted average maturity 348.00
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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 $ 1.15654299 $ 0.24756824 $ 0.00000000 %0.00000000
2A1 $ 37.99924267 $ 36.58774328 $ 3.89107030 %6.74999996
2A2 $ 0.00000000 $ 0.00000000 $ 5.83333355 %7.00000026
2A3 $ 0.00000000 $ 0.00000000 $ 5.83333200 %6.99999840
2A4 $ 0.00000000 $ 0.00000000 $ 5.83333455 %7.00000145
2A5 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
2A6 $ 0.00000000 $ 0.00000000 $ 5.83333430 %7.00000116
2A7 $ 0.00000000 $ 0.00000000 $ 5.83333241 %6.99999890
2A8 $ 0.00000000 $ 0.00000000 $ 5.83333241 %6.99999890
2A9 $ 0.00000000 $ 0.00000000 $ 5.83333241 %6.99999890
2A10 $ 0.00000000 $ 0.00000000 $ 5.83333241 %6.99999890
2A11 $ 0.00000000 $ 0.00000000 $ 5.83333241 %6.99999890
2A12 $ 0.00000000 $ 0.00000000 $ 5.16666695 %6.20000034
2A13 $ 0.00000000 $ 0.00000000 $ 5.16666700 %6.20000040
2A14 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
2M $ 0.80855556 $ 0.00000000 $ 5.58560526 %6.75000062
2B1 $ 0.80855310 $ 0.00000000 $ 5.58560228 %6.74999701
2B2 $ 0.80856125 $ 0.00000000 $ 5.58559829 %6.74999222
2B3 $ 0.80856125 $ 0.00000000 $ 5.58559829 %6.74999222
2B4 $ 0.80854286 $ 0.00000000 $ 5.58560000 %6.74999426
2B5 $ 0.80854883 $ 0.00000000 $ 5.58559810 %6.74999193
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:
$ 29,403.94
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 146,819,867.65
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 471
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3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
2PO $ 61,982.01 $ 61,909.60 $ 988.83 GEC9882PO
2A1 $ 56,964,997.71 $ 53,835,775.01 $ 653.75 36157RFM2
2A2 $ 15,125,000.00 $ 15,125,000.00 $ 1,000.00 36157RFN0
2A3 $ 2,500,000.00 $ 2,500,000.00 $ 1,000.00 36157RFP5
2A4 $ 2,750,000.00 $ 2,750,000.00 $ 1,000.00 36157RFQ3
2A5 $ 4,125,000.00 $ 4,125,000.00 $ 1,000.00 36157RFR1
2A6 $ 4,321,969.00 $ 4,321,969.00 $ 1,000.00 36157RFS9
2A7 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFT7
2A8 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFU4
2A9 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFV2
2A10 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFW0
2A11 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFX8
2A12 $ 11,339,531.00 $ 11,339,531.00 $ 1,000.00 36157RFY6
2A13 $ 10,000,000.00 $ 10,000,000.00 $ 1,000.00 36157RFZ3
2A14 $ 17,500,000.00 $ 17,500,000.00 $ 1,000.00 36157RGA7
SUP2 $ 145,597,828.45 $ 142,467,968.64 $ 833.20 GE988SUP2
2R $ 0.00 $ 0.00 $ 0.00 36157RGE9
2M $ 3,396,047.69 $ 3,393,282.43 $ 992.19 36157RGB5
2B1 $ 1,393,173.95 $ 1,392,039.55 $ 992.19 36157RGC3
2B2 $ 697,083.47 $ 696,515.87 $ 992.19 36157RGD1
2B3 $ 697,083.47 $ 696,515.87 $ 992.19 36158GCP1
2B4 $ 347,548.74 $ 347,265.75 $ 992.19 36158GCQ9
2B5 $ 610,560.73 $ 610,063.58 $ 992.19 36158GCR7
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 1 Principal Balance $ 595,990.84
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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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