Exhibit 99.22
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 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:
Weighted average coupon % 7.176886
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Weighted average maturity 351.58
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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 $ 19.06687094 $ 18.15347439 $ 0.00000000 % 0.00000000
A1 $ 0.00000000 $ 0.00000000 $ 4.95833334 % 5.95000001
A2 $ 0.00000000 $ 0.00000000 $ 5.00000000 % 6.00000000
A3 $ 0.00000000 $ 0.00000000 $ 5.20833332 % 6.24999998
A4 $ 0.00000000 $ 0.00000000 $ 4.69895836 % 5.63875003
A5 $ 0.00000000 $ 0.00000000 $ 2.38437511 % 2.86125014
A6 $ 7.72907048 $ 6.41681879 $ 5.31931166 % 6.50000002
A7 $ 9.02053894 $ 7.48902005 $ 5.30304439 % 6.50000003
A8 $ 9.02053899 $ 7.48902009 $ 5.30304439 % 6.50000004
A9 $ 0.00000000 $ 0.00000000 $ 5.50517000 % 6.50000574
A10 $ 0.00000000 $ 0.00000000 $ 5.41666693 % 6.50000032
A11 $ 0.00000000 $ 0.00000000 $ 5.41666716 % 6.50000060
A12 $ 0.00000000 $ 0.00000000 $ 6.66666922 % 8.00000306
A13 $ 9.02053905 $ 7.48902000 $ 4.76356143 % 5.83874981
A14 $ 9.02053969 $ 7.48902042 $ 7.05636336 % 8.64906245
A15 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A16 $ 89.18885000 $ 75.21617400 $ 1.40917600 % 6.50000403
A17 $ 0.00000000 $ 0.00000000 $ 5.50516600 % 6.50000101
A18 $ 0.00000000 $ 0.00000000 $ 5.62499956 % 6.74999947
A19 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A20 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A21 $ 27.89456200 $ 25.07205800 $ 2.30478000 % 6.49999976
A22 $ 0.00000000 $ 0.00000000 $ 5.41666668 % 6.50000002
S $ 0.00000000 $ 0.00000000 $ 0.36893091 % 0.45253634
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
M $ 0.84911805 $ 0.00000000 $ 5.40305562 % 6.50000004
B1 $ 0.84911802 $ 0.00000000 $ 5.40305614 % 6.50000067
B2 $ 0.84911806 $ 0.00000000 $ 5.40305646 % 6.50000106
B3 $ 0.84911802 $ 0.00000000 $ 5.40305544 % 6.49999983
B4 $ 0.84911811 $ 0.00000000 $ 5.40305512 % 6.49999943
B5 $ 0.84911772 $ 0.00000000 $ 5.40305566 % 6.50000010
2. Unanticipated Recoveries: $ 0.00
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B. Accrual Amount
1.
Accrual Amount
Class
A9 $ 5,505.17
A16 $ 7,045.88
A17 $ 27,525.83
A21 $ 11,523.90
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 192,575.66
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 927,153,130.92
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,843
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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 36157R2E4
PO $ 1,130,202.02 $ 1,108,156.05 $ 958.41 GEC9911PO
A1 $ 30,939,608.00 $ 30,939,608.00 $ 1,000.00 36157RX83
A2 $ 45,707,200.00 $ 45,707,200.00 $ 1,000.00 36157RX91
A3 $ 171,374,222.00 $ 171,374,222.00 $ 1,000.00 36157RY25
A4 $ 41,356,970.00 $ 41,356,970.00 $ 1,000.00 36157RY33
A5 $ 41,356,970.00 $ 41,356,970.00 $ 1,000.00 36157RY41
A6 $ 232,003,823.20 $ 230,177,830.30 $ 974.30 36157RY58
A7 $ 147,831,420.23 $ 146,469,329.35 $ 970.00 36157RY66
A8 $ 52,847,187.40 $ 52,360,263.36 $ 970.00 36157RY74
A9 $ 1,016,338.18 $ 1,021,843.34 $ 1,021.84 36157RY82
A10 $ 18,929,196.00 $ 18,929,196.00 $ 1,000.00 36157RY90
A11 $ 6,694,000.00 $ 6,694,000.00 $ 1,000.00 36157RZ24
A12 $ 1,306,000.00 $ 1,306,000.00 $ 1,000.00 36157RZ32
A13 $ 20,559,495.07 $ 20,370,063.76 $ 970.00 36157RZ40
A14 $ 6,325,998.03 $ 6,267,711.48 $ 970.00 36157RZ57
A15 $ 0.00 $ 0.00 $ 0.00 36157RZ65
A16 $ 1,300,777.04 $ 854,832.79 $ 170.97 36157RZ73
A17 $ 5,081,690.90 $ 5,109,216.72 $ 1,021.84 36157RZ81
A18 $ 5,630,052.00 $ 5,630,052.00 $ 1,000.00 36157RZ99
A19 $ 5,630,052.00 $ 5,630,052.00 $ 1,000.00 36157R2A2
A20 $ 649,621.00 $ 649,621.00 $ 1,000.00 36157R2B0
A21 $ 2,127,489.31 $ 1,988,016.50 $ 397.60 36157R2C8
A22 $ 95,240,025.00 $ 95,240,025.00 $ 1,000.00 36157R2D6
S $ 884,393,994.15 $ 880,215,765.08 $ 973.68 GEC99011S
RL $ 0.00 $ 0.00 $ 0.00 36157R2F1
M $ 17,575,724.19 $ 17,560,762.74 $ 996.64 36157R2G9
B1 $ 7,125,050.96 $ 7,118,985.71 $ 996.64 36157R2H7
B2 $ 4,275,230.07 $ 4,271,590.75 $ 996.64 36157R2J3
B3 $ 4,750,033.97 $ 4,745,990.47 $ 996.64 36157R2N4
B4 $ 1,900,213.09 $ 1,898,595.52 $ 996.64 36157R2P9
B5 $ 2,375,017.81 $ 2,372,996.06 $ 996.64 36157R2Q7
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 17 Principal Balance $ 5,057,174.24
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2. 60-89 days
Number 2 Principal Balance $ 558,984.42
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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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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
A4 % 5.63875003
A5 % 2.86125014
A13 % 5.83874981
A14 % 8.64906245
E. Other Information:
1. Special Hazard Loss Amount: $ 9,524,003.00
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2. Bankruptcy Loss Amount: $ 323,391.00
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3. Fraud Loss Amount: $ 9,524,003.00
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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
- ----- ------- ------ --------------- -------
A12-INT $ 26,120.00 $ 0.00 $ 0.00 $ 19,590.00
A11 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A12 $ 999.99 $ 0.00 $ 0.00 $ 999.99