Exhibit 99.70
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-25, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of December 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 % 7.191064
----------------------
Weighted average maturity 355.14
----------------------
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 $ 3.60711929 $ 2.63664094 $ 0.00000000 %0.00000000
A1 $ 0.00000000 $ 0.00000000 $ 5.20833333 %6.25000000
A2 $ 0.00000000 $ 0.00000000 $ 4.98111674 %5.97734008
A3 $ 0.80249277 $ 0.77259973 $ 5.20414817 %6.25000006
A4 $ 21.33770132 $ 20.54286513 $ 5.56685470 %6.75000005
A5 $ 25.14120695 $ 24.20468893 $ 4.93934758 %5.99999999
A6 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A7 $ 0.80249287 $ 0.77259986 $ 4.99598195 %5.99999970
A8 $ 29.40432338 $ 28.30900291 $ 5.13444056 %6.24999999
A9 $ 25.14115720 $ 24.20464107 $ 5.14515387 %6.25000001
A10 $ 130.67157316 $ 125.80401538 $ 4.87995741 %6.25000052
A11 $ 0.00000000 $ 0.00000000 $ 5.20833320 %6.24999984
A12 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A13 $ 0.00000000 $ 0.00000000 $ 5.41666621 %6.49999945
A14 $ 0.00000000 $ 0.00000000 $ 5.41666692 %6.50000031
A15 $ 0.00000000 $ 0.00000000 $ 5.83949086 %7.00738903
A16 $ 29.40164878 $ 28.30642797 $ 4.92906935 %5.99999995
A17 $ 0.00000000 $ 0.00000000 $ 5.00000000 %6.00000000
A18 $ 25.14115725 $ 24.20464100 $ 5.35096000 %6.49999998
A19 $ 0.00000000 $ 0.00000000 $ 5.41666800 %6.50000160
A20 $ 0.00000000 $ 0.00000000 $ 5.41666800 %6.50000160
A21 $ 0.00000000 $ 0.00000000 $ 5.41666800 %6.50000160
A22 $ 0.00000000 $ 0.00000000 $ 5.41666804 %6.50000165
M $ 0.80249273 $ 0.00000000 $ 5.20414803 %6.24999989
B1 $ 0.80249231 $ 0.00000000 $ 5.20414808 %6.24999996
B2 $ 0.80249241 $ 0.00000000 $ 5.20414703 %6.24999869
B3 $ 0.80249366 $ 0.00000000 $ 5.20414873 %6.25000073
B4 $ 0.80249366 $ 0.00000000 $ 5.20414624 %6.24999775
B5 $ 0.80249299 $ 0.00000000 $ 5.20414690 %6.24999854
2. Unanticipated Recoveries: $ 0.00
---------------
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:
$ 194,730.95
-----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 970,131,122.93
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,821
---------------
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 36157RYX7
PO $ 125,652.36 $ 125,198.31 $ 994.62
A1 $ 15,000,000.00 $ 15,000,000.00 $ 1,000.00 36157RXZ3
A2 $ 14,845,950.00 $ 14,845,950.00 $ 1,000.00 36157RYA7
A3 $ 65,932,580.53 $ 65,879,627.55 $ 998.39 36157RYB5
A4 $ 99,168,164.56 $ 97,030,042.23 $ 968.33 36157RYC3
A5 $ 135,781,924.24 $ 132,326,284.20 $ 962.73 36157RYD1
A6 $ 1,445,831.00 $ 1,445,831.00 $ 1,000.00 36157RYE9
A7 $ 20,024,696.99 $ 20,008,614.39 $ 998.39 36157RYF6
A8 $ 181,384,587.29 $ 175,974,338.82 $ 956.41 36157RYG4
A9 $ 222,270,646.77 $ 216,613,886.40 $ 962.73 36157RYH2
A10 $ 6,801,417.03 $ 5,852,860.31 $ 806.28 36157RYJ8
A11 $ 25,000,000.00 $ 25,000,000.00 $ 1,000.00 36157RYK5
A12 $ 5,835,000.00 $ 5,835,000.00 $ 1,000.00 36157RYL3
A13 $ 6,392,875.00 $ 6,392,875.00 $ 1,000.00 36157RYM1
A14 $ 13,000,000.00 $ 13,000,000.00 $ 1,000.00 36157RYN9
A15 $ 5,344,543.00 $ 5,344,543.00 $ 1,000.00 36157RYP4
A16 $ 60,693,504.53 $ 58,883,336.16 $ 956.41 36157RYQ2
A17 $ 21,268,118.00 $ 21,268,118.00 $ 1,000.00 36157RYR0
A18 $ 39,514,781.65 $ 38,509,135.36 $ 962.73 36157RYS8
A19 $ 2,500,000.00 $ 2,500,000.00 $ 1,000.00 36157RYT6
A20 $ 2,500,000.00 $ 2,500,000.00 $ 1,000.00 36157RYU3
A21 $ 2,500,000.00 $ 2,500,000.00 $ 1,000.00 36157RYV1
A22 $ 3,335,017.00 $ 3,335,017.00 $ 1,000.00 36157RYW9
SUP $ 983,969,703.54 $ 963,475,096.26 $ 969.37 GE9825SUP
M $ 18,496,569.92 $ 18,481,714.62 $ 998.39 36157RYY5
B1 $ 7,998,516.53 $ 7,992,092.62 $ 998.39 36157RYZ2
B2 $ 4,499,165.74 $ 4,495,552.29 $ 998.39 36157RZA6
B3 $ 3,999,257.77 $ 3,996,045.81 $ 998.39 GEC9825B3
B4 $ 1,999,628.88 $ 1,998,022.91 $ 998.39 GEC9825B4
B5 $ 2,999,445.82 $ 2,997,036.85 $ 998.39 GEC9825B5
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 51 Principal Balance $ 17,633,182.89
-------- --------------
2. 60-89 days
Number 4 Principal Balance $ 2,116,649.90
-------- --------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- --------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- --------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- --------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------
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
A2 % 5.97734008
A15 % 7.00738903
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------
2. Bankruptcy Loss Amount: $ 0.00
-------------
3. Fraud Loss Amount: $ 0.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
G.
Opening Reimbursement Rounding Amount Closing
Class Balance Amount (Withdrawl) Balance
- ----- ------- ------ ----------- -------
A12 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A14 $ 999.99 $ 0.00 $ 0.00 $ 999.99