Exhibit 99.21
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
June, 1999
Series 1999-11, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1999 (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:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 789,578.98
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(b) Interest $ 5,646,778.78
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(c) Total $ 6,436,357.76
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2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 612,079.96
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(b) Interest $ 4,375,921.67
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(c) Total $ 4,988,001.63
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3. Aggregate Monthly Advances this month:
(a) Principal $ 177,499.02
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(b) Interest $ 1,270,857.11
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(c) Total $ 1,448,356.13
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4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 251,089.93
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5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 7,231,535.07
---------------
(b) Interest $ 30,027.15
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(c) Total $ 7,261,562.22
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6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
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(b) Interest $ 0.00
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(c) Total $ 0.00
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7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
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(b) Interest $ 0.00
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(c) Total $ 0.00
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8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
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9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
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10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
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(b) Interest $ 0.00
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(c) Total $ 0.00
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11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 1,473,009.60
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(b) Interest $ 4,776.98
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(c) Total $ 1,477,786.58
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12. Pool Scheduled Principal Balance: $ 942,655,036.04
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13. Available Funds: $ 15,248,710.16
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14. Realized Losses for prior month: $ 0.00
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15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
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(b) Deficient Valuations: $ 0.00
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(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
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(e) Special Hazard Losses: $ 0.00
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(f) Fraud Losses: $ 0.00
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(g) Excess Bankruptcy Losses: $ 0.00
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(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
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17. Compensating Interest Payment: $ 2,001.86
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18. Total interest payments: $ 5,503,496.58
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19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.54 $ 0.00 $ 0.54 %6.480000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 153,408.89 $ 0.00 $ 153,408.89 %5.950000013
A2 $ 228,536.00 $ 0.00 $ 228,536.00 %6.000000000
A3 $ 892,574.07 $ 0.00 $ 892,574.07 %6.249999980
A4 $ 180,592.10 $ 0.00 $ 180,592.10 %5.239999932
A5 $ 112,353.10 $ 0.00 $ 112,353.10 %3.259999947
A6 $ 1,279,687.50 $ 0.00 $ 1,279,687.50 %6.500000000
A7 $ 817,910.36 $ 0.00 $ 817,910.36 %6.499999987
A8 $ 292,388.87 $ 0.00 $ 292,388.87 %6.499999963
A9 $ 5,416.67 $ 0.00 $ 0.00 %6.500004000
A10 $ 102,533.15 $ 0.00 $ 102,533.15 %6.500000317
A11 $ 36,259.17 $ 0.00 $ 36,259.17 %6.500000598
A12 $ 8,706.67 $ 0.00 $ 8,706.67 %8.000003063
A13 $ 95,200.00 $ 0.00 $ 95,200.00 %5.440000000
A14 $ 53,550.00 $ 0.00 $ 53,550.00 %9.945000710
A15 $ 27,083.33 $ 0.00 $ 0.00 %6.499999200
A16 $ 27,083.33 $ 0.00 $ 0.00 %6.499999200
A17 $ 27,083.33 $ 0.00 $ 0.00 %6.499999200
A18 $ 31,669.04 $ 0.00 $ 31,669.04 %6.749999467
A19 $ 32,841.97 $ 0.00 $ 32,841.97 %7.000000000
A20 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A21 $ 27,083.33 $ 0.00 $ 0.00 %6.499999200
A22 $ 515,883.47 $ 0.00 $ 515,883.47 %6.500000016
S $ 349,292.39 $ 0.00 $ 349,292.39 %0.463657629
RL $ 0.54 $ 0.00 $ 0.54 %6.480000000
M $ 95,441.67 $ 0.00 $ 95,441.67 %6.500000227
B1 $ 38,691.25 $ 0.00 $ 38,691.25 %6.500000000
B2 $ 23,215.83 $ 0.00 $ 23,215.83 %6.499999067
B3 $ 25,794.17 $ 0.00 $ 25,794.17 %6.500000840
B4 $ 10,318.75 $ 0.00 $ 10,318.75 %6.500000000
B5 $ 12,897.09 $ 0.00 $ 12,897.09 %6.500001094
20. Principal Distribution Amount: $ 9,745,213.58
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21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 100.00 $ 0.00
Class PO $ 13,859.27 $ 0.00
Class A1 $ 0.00 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 1,209,138.60 $ 0.00
Class A7 $ 901,951.30 $ 0.00
Class A8 $ 322,432.06 $ 0.00
Class A9 $ 0.00 $ 5,416.67
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class A13 $ 125,437.90 $ 0.00
Class A14 $ 38,596.27 $ 0.00
Class A15 $ 5,027,083.33 $ 27,083.33
Class A16 $ 384,743.11 $ 27,083.33
Class A17 $ 0.00 $ 27,083.33
Class A18 $ 0.00 $ 0.00
Class A19 $ 0.00 $ 0.00
Class A20 $ 0.00 $ 0.00
Class A21 $ 1,803,942.15 $ 27,083.33
Class A22 $ 0.00 $ 0.00
Class S $ 0.00 $ 0.00
Class RL $ 100.00 $ 0.00
Class M $ 14,605.67 $ 0.00
Class B1 $ 5,921.02 $ 0.00
Class B2 $ 3,552.78 $ 0.00
Class B3 $ 3,947.34 $ 0.00
Class B4 $ 1,579.10 $ 0.00
Class B5 $ 1,973.67 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
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23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
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24. Subordinate Certificate Writedown Amount: $ 0.00
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Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
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26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A4 % 5.23999993
Class A5 % 3.25999995
Class A13 % 5.44000000
Class A14 % 9.94500071
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 65,241.67
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3. Supplemental Servicing Fee amount: $ N/A
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4. Credit Losses for prior month: $ 0.00
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Category A Category B Category C
5. Senior Percentage: % 95.995034 N/A N/A N/A
----------- ---- ------- -------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------- -------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------- -------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------- -------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------- -------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------- -------
11. Junior Percentage: % 4.004966
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12. Junior Prepayment Percentage:
% 0.000000
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Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/Tim Neer
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Tim Neer
Vice President
Investor Operations