Exhibit 99.72
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-26, 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 % 7.163488
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Weighted average maturity 165.39
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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 $ 3.96493839 $ 0.53162541 $ 0.00000000 %0.00000000
A $ 17.03074486 $ 11.39691088 $ 5.12410309 %6.25000001
M $ 3.81750316 $ 0.00000000 $ 5.18841572 %6.24999849
B1 $ 3.81750814 $ 0.00000000 $ 5.18842020 %6.25000388
B2 $ 3.81751141 $ 0.00000000 $ 5.18842466 %6.25000931
B3 $ 3.81749287 $ 0.00000000 $ 5.18840456 %6.24998499
B4 $ 3.81749049 $ 0.00000000 $ 5.18840304 %6.24998330
B5 $ 3.81750302 $ 0.00000000 $ 5.18841945 %6.25000310
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:
$ 35,418.45
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 169,611,517.04
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 610
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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 36157RXA9
PO $ 172,380.81 $ 171,694.81 $ 992.36 GEC9826PO
A $ 168,882,796.54 $ 165,959,317.61 $ 966.80 36157RXR1
SUP $ 165,393,023.95 $ 162,482,699.00 $ 1,132.60 GE9826SUP
M $ 1,571,965.82 $ 1,565,941.80 $ 992.36 36157RXT7
B1 $ 611,652.10 $ 609,308.15 $ 992.36 36157RXU4
B2 $ 436,325.11 $ 434,653.04 $ 992.36 36157RXV2
B3 $ 349,657.80 $ 348,317.86 $ 992.36 36157RXW0
B4 $ 261,994.30 $ 260,990.30 $ 992.36 36157RXX8
B5 $ 262,298.75 $ 261,293.58 $ 992.36 36157RXY8
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 16 Principal Balance $ 6,025,000.20
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2. 60-89 days
Number 2 Principal Balance $ 703,319.60
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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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