Exhibit 99.28
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
August, 1999
Series 1999-14, 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 % 7.214909
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Weighted average maturity 355.94
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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 $ 1.14331870 $ 0.13362255 $ 0.00000000 %0.00000000
A1 $ 9.58189736 $ 8.46068062 $ 5.39153164 %6.49999950
A2 $ 29.18047770 $ 25.76595087 $ 5.34012221 %6.49999986
A3 $ 0.00000000 $ 0.00000000 $ 5.41666678 %6.50000013
A4 $ 8.24255916 $ 7.27806371 $ 5.39504534 %6.50000002
A5 $ 7.84279005 $ 6.92507308 $ 5.39609402 %6.50000006
A6 $ 0.00000000 $ 0.00000000 $ 5.41666650 %6.49999979
A7 $ 0.00000000 $ 0.00000000 $ 5.41666556 %6.49999867
A8 $ 0.00000000 $ 0.00000000 $ 5.41666653 %6.49999984
A9 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
S $ 0.00000000 $ 0.00000000 $ 0.40062339 %0.48233133
M $ 0.80599527 $ 0.00000000 $ 5.41233412 %6.49999976
B1 $ 0.80599646 $ 0.00000000 $ 5.41233319 %6.49999864
B2 $ 0.80599853 $ 0.00000000 $ 5.41233604 %6.50000205
B3 $ 0.80599469 $ 0.00000000 $ 5.41233422 %6.49999985
B4 $ 0.80598673 $ 0.00000000 $ 5.41233831 %6.50000479
B5 $ 0.80599722 $ 0.00000000 $ 5.41233908 %6.50000570
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:
$ 64,047.59
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 298,978,670.92
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 907
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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 36158GFJ2
PO $ 203,704.70 $ 203,471.54 $ 997.74 GEC9914PO
A1 $ 9,988,435.23 $ 9,892,280.89 $ 985.78 36158GFA1
A2 $ 23,877,740.84 $ 23,170,989.67 $ 956.69 36158GFB9
A3 $ 30,106,000.00 $ 30,106,000.00 $ 1,000.00 36158GFC7
A4 $ 71,510,412.71 $ 70,918,621.69 $ 987.77 36158GFD5
A5 $ 74,978,144.58 $ 74,387,864.83 $ 988.36 36158GFE3
A6 $ 19,433,000.00 $ 19,433,000.00 $ 1,000.00 36158GFF0
A7 $ 3,011,000.00 $ 3,011,000.00 $ 1,000.00 36158GFG8
A8 $ 25,043,000.00 $ 25,043,000.00 $ 1,000.00 36158GFH6
A9 $ 30,000,000.00 $ 30,000,000.00 $ 1,000.00 36158GFN3
S $ 292,176,939.94 $ 290,190,838.12 $ 989.94 GEC99014S
M $ 6,339,925.16 $ 6,334,811.12 $ 998.39 36158GFK9
B1 $ 2,261,190.01 $ 2,259,366.05 $ 998.39 36158GFL7
B2 $ 1,355,914.65 $ 1,354,820.91 $ 998.39 36158GFM5
B3 $ 1,506,793.88 $ 1,505,578.44 $ 998.39 36158GFP8
B4 $ 602,517.71 $ 602,031.70 $ 998.39 36158GFQ6
B5 $ 756,444.26 $ 755,834.08 $ 998.39 36158GFR4
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 13 Principal Balance $ 4,037,410.19
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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
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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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