Exhibit 99.02
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
August, 1999
Series 1999-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 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 % 7.17925
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Weighted average maturity 348.74
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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 $ 9.07559352 $ 8.09225365 $ 0.00000000 %0.00000000
A1 $ 0.86171435 $ 0.76552070 $ 5.38947558 %6.49999999
A2 $ 8.56539750 $ 7.60923690 $ 5.06489879 %6.50000000
A3 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A4 $ 0.00000000 $ 0.00000000 $ 5.41666697 %6.50000036
A5 $ 0.00000000 $ 0.00000000 $ 5.41666678 %6.50000013
A6 $ 0.00000000 $ 0.00000000 $ 5.41666571 %6.49999886
A7 $ 0.00000000 $ 0.00000000 $ 6.66666667 %8.00000000
A8 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A9 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A10 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A11 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A12 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A13 $ 0.00000000 $ 0.00000000 $ 6.66666667 %8.00000000
A14 $ 0.00000000 $ 0.00000000 $ 5.41667000 %6.50000400
A15 $ 0.00000000 $ 0.00000000 $ 5.41667000 %6.50000400
M $ 0.86171447 $ 0.00000000 $ 5.38947575 %6.50000019
B1 $ 0.86171406 $ 0.00000000 $ 5.38947615 %6.50000067
B2 $ 0.86171569 $ 0.00000000 $ 5.38947410 %6.49999820
B3 $ 0.86171569 $ 0.00000000 $ 5.38947410 %6.49999820
B4 $ 0.86171452 $ 0.00000000 $ 5.38947902 %6.50000413
B5 $ 0.86171559 $ 0.00000000 $ 5.38947504 %6.49999931
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:
$ 145,820.47
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 662,262,734.64
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,017
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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 36157RZY4
PO $ 976,869.63 $ 967,903.68 $ 979.74 GEC9901PO
A1 $ 67,226,616.14 $ 67,168,393.73 $ 994.12 36157RZH1
A2 $ 534,181,942.00 $ 529,288,684.57 $ 926.49 36157RZJ7
A3 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 36157RZK4
A4 $ 8,341,146.00 $ 8,341,146.00 $ 1,000.00 36157RZL2
A5 $ 7,568,854.00 $ 7,568,854.00 $ 1,000.00 36157RZM0
A6 $ 3,500,000.00 $ 3,500,000.00 $ 1,000.00 36157RZN8
A7 $ 2,100,000.00 $ 2,100,000.00 $ 1,000.00 36157RZP3
A8 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 36157RZQ1
A9 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 36157RZR9
A10 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 36157RZS7
A11 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 36157RZT5
A12 $ 3,000,000.00 $ 3,000,000.00 $ 1,000.00 36157RZU2
A13 $ 3,300,000.00 $ 3,300,000.00 $ 1,000.00 36157RZV0
A14 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RZW8
A15 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RZX6
SUP $ 627,015,423.68 $ 622,329,386.56 $ 937.14 GEC991SUP
M $ 12,974,071.00 $ 12,962,834.65 $ 994.12 36157RZZ1
B1 $ 5,610,409.27 $ 5,605,550.31 $ 994.12 36157RA21
B2 $ 3,155,855.03 $ 3,153,121.86 $ 994.12 36157RA39
B3 $ 3,155,855.03 $ 3,153,121.86 $ 994.12 36157RA47
B4 $ 1,402,601.57 $ 1,401,386.83 $ 994.12 36157RA54
B5 $ 1,753,255.57 $ 1,751,737.14 $ 994.12 36157RA62
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 10 Principal Balance $ 3,026,382.10
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2. 60-89 days
Number 2 Principal Balance $ 578,037.36
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3. 90 days or more
Number 1 Principal Balance $ 335,451.82
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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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G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
- ----- ------- ------ --------------- -------
A7_INT $ 42,000.00 $ 0.00 $ 0.00 $ 23,625.00
A13_INT $ 49,500.00 $ 0.00 $ 0.00 $ 20,625.00
A6 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A12 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A14 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A15 $ 999.99 $ 0.00 $ 0.00 $ 999.99