Exhibit 99.68
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-24, 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 % 7.302089
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Weighted average maturity 354.41
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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 $ 0.95289704 $ 0.00000000 $ 0.00000000 %0.00000000
A1 $ 25.16258239 $ 24.14198670 $ 4.75942030 %6.25000002
A2 $ 0.00000000 $ 0.00000000 $ 5.20833341 %6.25000009
A3 $ 21.35004522 $ 20.48408622 $ 4.82743536 %6.25000007
A4 $ 0.00000000 $ 0.00000000 $ 5.41666493 %6.49999792
A5 $ 0.00000000 $ 0.00000000 $ 5.20833343 %6.25000011
A6 $ 0.00000000 $ 0.00000000 $ 5.41666842 %6.50000210
A7 $ 0.00000000 $ 0.00000000 $ 5.62500092 %6.75000110
A8 $ 0.00000000 $ 0.00000000 $ 5.00000000 %6.00000000
A9 $ 0.00000000 $ 0.00000000 $ 5.41666911 %6.50000293
A10 $ 0.00000000 $ 0.00000000 $ 5.00000000 %6.00000000
M $ 0.78981902 $ 0.00000000 $ 5.20030368 %6.25000031
B1 $ 0.78981915 $ 0.00000000 $ 5.20030496 %6.25000186
B2 $ 0.78981560 $ 0.00000000 $ 5.20030496 %6.25000182
B3 $ 0.78981547 $ 0.00000000 $ 5.20030518 %6.25000213
B4 $ 0.78981560 $ 0.00000000 $ 5.20029787 %6.24999334
B5 $ 0.78981880 $ 0.00000000 $ 5.20030748 %6.25000490
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:
$ 70,996.08
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $325,027,143.92
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,018
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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 36157RXJ9
PO $ 11,903.81 $ 11,892.38 $ 991.44 GEC9824PO
A1 $ 158,178,366.19 $ 153,822,776.02 $ 888.65 36157RWY7
A2 $ 21,409,000.00 $ 21,409,000.00 $ 1,000.00 36157RWZ4
A3 $ 79,725,441.64 $ 77,888,996.15 $ 905.52 36157RXA8
A4 $ 2,165,133.00 $ 2,165,133.00 $ 1,000.00 36157RXB6
A5 $ 35,246,000.00 $ 35,246,000.00 $ 1,000.00 36157RXC4
A6 $ 2,138,907.00 $ 2,138,907.00 $ 1,000.00 36157RXD2
A7 $ 3,409,939.00 $ 3,409,939.00 $ 1,000.00 36157RXE0
A8 $ 6,819,878.00 $ 6,819,878.00 $ 1,000.00 36157RXF7
A9 $ 2,048,316.00 $ 2,048,316.00 $ 1,000.00 36157RXG5
A10 $ 6,352,356.00 $ 6,352,356.00 $ 1,000.00 36157RXH3
SUP $ 330,149,518.24 $ 323,947,633.55 $ 921.94 GE9824SUP
M $ 6,509,947.84 $ 6,504,798.22 $ 997.67 36157RXK6
B1 $ 2,815,652.28 $ 2,813,424.99 $ 997.67 36157RXL4
B2 $ 1,407,826.15 $ 1,406,712.51 $ 997.67 36157RXM2
B3 $ 1,406,827.68 $ 1,405,714.83 $ 997.67 36157RXN0
B4 $ 703,913.07 $ 703,356.25 $ 997.67 36157RXP5
B5 $ 880,639.95 $ 879,943.33 $ 997.67 36157RXQ3
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 6 Principal Balance $ 1,450,934.66
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2. 60-89 days
Number 1 Principal Balance $ 399,695.62
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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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