Exhibit 99.26
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
July, 1999
Series 1999-13, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 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:
Weighted average coupon % 7.159791
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Weighted average maturity 355.98
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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 $1000.00000000 $ 909.40000000 $ 5.50000000 %6.60000000
PO $ 1.57461540 $ 0.64448129 $ 0.00000000 %0.00000000
A1 $ 18.46151957 $ 16.78931144 $ 5.41666667 %6.50000000
A2 $ 0.00000000 $ 0.00000000 $ 5.12679721 %5.95370018
A3 $ 0.81761904 $ 0.74356080 $ 5.41666659 %6.49999991
A4 $ 0.00000000 $ 0.00000000 $ 6.29318448 %7.30821433
A5 $ 0.00000000 $ 0.00000000 $ 5.83333529 %7.00000235
A6 $ 0.00000000 $ 0.00000000 $ 5.83333263 %6.99999915
A7 $ 0.00000000 $ 0.00000000 $ 5.83333500 %7.00000200
A8 $ 10.62637000 $ 9.66385414 $ 6.25000000 %7.50000000
A9 $ 13.22021420 $ 12.02275331 $ 5.00000000 %6.00000000
A10 $ 10.62637000 $ 9.66385414 $ 5.62500000 %6.75000000
A11 $ 10.62636980 $ 9.66385420 $ 5.83333330 %6.99999996
A12 $ 0.00000000 $ 0.00000000 $ 5.41666683 %6.50000019
A13 $ 0.00000000 $ 0.00000000 $ 5.83333237 %6.99999884
A14 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A15 $ 0.00000000 $ 0.00000000 $ 5.83333254 %6.99999905
A16 $ 0.00000000 $ 0.00000000 $ 5.83332895 %6.99999474
A17 $ 0.00000000 $ 0.00000000 $ 5.00000000 %6.00000000
S $ 0.00000000 $ 0.00000000 $ 0.35745864 %0.42895037
M $ 0.81761900 $ 0.00000000 $ 5.41666698 %6.50000038
B1 $ 0.81761841 $ 0.00000000 $ 5.41666577 %6.49999893
B2 $ 0.81761820 $ 0.00000000 $ 5.41666815 %6.50000178
B3 $ 0.81761943 $ 0.00000000 $ 5.41666800 %6.50000161
B4 $ 0.81762048 $ 0.00000000 $ 5.41666667 %6.50000000
B5 $ 0.81761748 $ 0.00000000 $ 5.41666474 %6.49999769
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:
$ 33,376.81
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 494,425,998.27
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,470
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3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 100.00 $ 0.00 $ 0.00 36157R3J2
PO $ 448,236.44 $ 447,530.64 $ 998.43 GEC9913PO
A1 $ 40,926,000.00 $ 40,170,443.85 $ 981.54 36157R2R5
A2 $ 14,475,476.00 $ 14,475,476.00 $ 1,000.00 36157R2S3
A3 $ 47,710,557.00 $ 47,671,547.94 $ 999.18 36157R2T1
A4 $ 4,053,134.00 $ 4,053,134.00 $ 1,000.00 36157R2U8
A5 $ 2,551,890.00 $ 2,551,890.00 $ 1,000.00 36157R2V6
A6 $ 4,712,416.00 $ 4,712,416.00 $ 1,000.00 36157R2W4
A7 $ 2,000,000.00 $ 2,000,000.00 $ 1,000.00 36157R2X2
A8 $ 29,000,000.00 $ 28,691,835.27 $ 989.37 36157R2Y0
A9 $ 138,655,000.00 $ 136,821,951.20 $ 986.78 36157R2Z7
A10 $ 29,000,000.00 $ 28,691,835.27 $ 989.37 36157R3A1
A11 $ 100,000,000.00 $ 98,937,363.02 $ 989.37 36157R3B9
A12 $ 20,707,000.00 $ 20,707,000.00 $ 1,000.00 36157R3C7
A13 $ 3,448,000.00 $ 3,448,000.00 $ 1,000.00 36157R3D5
A14 $ 676,358.00 $ 676,358.00 $ 1,000.00 36157R3E3
A15 $ 4,204,000.00 $ 4,204,000.00 $ 1,000.00 36157R3F0
A16 $ 1,140,642.00 $ 1,140,642.00 $ 1,000.00 36157R3G8
A17 $ 33,845,000.00 $ 33,845,000.00 $ 1,000.00 36157R3H6
S $ 476,820,703.00 $ 472,529,558.05 $ 991.00 GEC99013S
M $ 10,483,000.00 $ 10,474,428.90 $ 999.18 36157R3K9
B1 $ 3,737,000.00 $ 3,733,944.56 $ 999.18 36157R3L7
B2 $ 2,242,000.00 $ 2,240,166.90 $ 999.18 36157R3M5
B3 $ 2,491,000.00 $ 2,488,963.31 $ 999.18 36157R3N3
B4 $ 996,000.00 $ 995,185.65 $ 999.18 36157R3P8
B5 $ 1,247,906.29 $ 1,246,885.98 $ 999.18 36157R3Q6
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 4 Principal Balance $ 1,594,682.03
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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
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
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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 % 5.95370018
A4 % 7.30821433
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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G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
- ----- ------- ------ --------------- -------
A7 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A13 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A15 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A17 $ 999.99 $ 0.00 $ 0.00 $ 999.99
*It has been the Company's experience that, with respect to the first
Distribution Date after the closing of a securitization containing a large
number of recently originated or acquired Mortgage Loans, the number of Mortgage
Loans 30-59 days delinquent may be inflated due to the borrowers sending monthly
payments to the wrong location or delays by the Company in inputting the
Mortgage Loans on its servicing system. It has also been the Company's
experience that for the majority of such Mortgage Loans the routing of
borrowers' monthly payments has corrected itself by the second Distribution
Date. However, the Company makes no assurances as to the level of delinquent
Mortgage Loans for future Distribution Dates.