Exhibit 99.32
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
October, 1999
Series 1999-15, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 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 % 7.252986
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Weighted average maturity 353.93
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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 $ 0.10000000 %0.00000000
PO $ 5.62953524 $ 4.72513503 $ 0.00000000 %0.00000000
A1 $ 9.76806765 $ 8.39578662 $ 5.48834164 %6.75000006
A2 $ 4.80929674 $ 4.13365581 $ 5.55771628 %6.74999986
A3 $ 10.85154180 $ 9.32704720 $ 5.47318340 %6.74999995
A4 $ 0.00000000 $ 0.00000000 $ 5.83333330 %6.99999996
A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A6 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A7 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A8 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A9 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A10 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A11 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A12 $ 0.00000000 $ 0.00000000 $ 5.83333324 %6.99999989
A13 $ 7.71445260 $ 6.63067660 $ 5.51707800 %6.75000006
A14 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A15 $ 0.00000000 $ 0.00000000 $ 6.04166809 %7.25000171
A16 $ 15.49016663 $ 13.31400815 $ 5.40828761 %6.75000002
A17 $ 0.00000000 $ 0.00000000 $ 5.83333338 %7.00000006
A18 $ 0.00000000 $ 0.00000000 $ 6.04166600 %7.24999920
A19 $ 0.00000000 $ 0.00000000 $ 6.04166700 %7.25000040
A20 $ 0.00000000 $ 0.00000000 $ 6.04166600 %7.24999920
A21 $ 0.00000000 $ 0.00000000 $ 6.04166651 %7.24999982
A22 $ 10.41147630 $ 8.94880520 $ 5.50885167 %6.74999983
A23 $ 0.00000000 $ 0.00000000 $ 5.62500004 %6.75000005
A24 $ 0.00000000 $ 0.00000000 $ 5.68845915 %6.74999991
A25 $ 0.00000000 $ 0.00000000 $ 5.62499998 %6.74999998
A26 $ 0.00000000 $ 0.00000000 $ 5.62500826 %6.75000992
A27 $ 14.28079803 $ 12.27453958 $ 5.42520704 %6.75000000
A28 $ 0.00000000 $ 0.00000000 $ 5.62500005 %6.75000006
2A1 $ 1.62988571 $ 0.31999143 $ 5.53358500 %6.74999989
2A2 $ 0.00000000 $ 0.00000000 $ 6.25000000 %7.50000000
2A3 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
2A4 $ 0.00000000 $ 0.00000000 $ 6.25000014 %7.50000017
2A5 $ 0.00000000 $ 0.00000000 $ 5.62499983 %6.74999979
1S $ 0.00000000 $ 0.00000000 $ 0.28760892 %0.36080839
2S $ 0.00000000 $ 0.00000000 $ 0.29681478 %0.35959434
M $ 0.81225219 $ 0.81225219 $ 5.61598246 %6.75000023
B1 $ 0.81225246 $ 0.81225246 $ 5.61598221 %6.74999993
B2 $ 0.81225221 $ 0.81225221 $ 5.61598230 %6.75000003
B3 $ 0.81225209 $ 0.81225209 $ 5.61598168 %6.74999929
B4 $ 0.81225485 $ 0.81225485 $ 5.61598308 %6.75000096
B5 $ 0.81225056 $ 0.81225056 $ 5.61598425 %6.75000240
2. Unanticipated Recoveries: $ 0.00
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B. Accrual Amount
1.
Accrual Amount
Class
A24 $ 229,897.37
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 195,895.27
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 985,951,817.56
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 3,039
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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 36158GHL5
PO $ 4,346,837.97 $ 4,322,202.96 $ 987.70 GEC9915PO
A1 $ 79,042,802.90 $ 78,251,482.46 $ 965.94 36158GFV5
A2 $ 42,485,654.20 $ 42,278,854.44 $ 983.23 36158GFW3
A3 $ 48,650,519.48 $ 48,107,942.40 $ 962.16 36158GFX1
A4 $ 25,578,787.00 $ 25,578,787.00 $ 1,000.00 36158GFY9
A5 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36158GFZ6
A6 $ 1,200,000.00 $ 1,200,000.00 $ 1,000.00 36158GGA0
A7 $ 300,000.00 $ 300,000.00 $ 1,000.00 36158GGB8
A8 $ 300,000.00 $ 300,000.00 $ 1,000.00 36158GGC6
A9 $ 300,000.00 $ 300,000.00 $ 1,000.00 36158GGD4
A10 $ 900,000.00 $ 900,000.00 $ 1,000.00 36158GGE2
A11 $ 3,750,000.00 $ 3,750,000.00 $ 1,000.00 36158GGF9
A12 $ 37,265,800.00 $ 37,265,800.00 $ 1,000.00 36158GGG7
A13 $ 98,081,385.83 $ 97,309,940.57 $ 973.10 36158GGH5
A14 $ 8,297,969.00 $ 8,297,969.00 $ 1,000.00 36158GGJ1
A15 $ 1,461,646.00 $ 1,461,646.00 $ 1,000.00 36158GGK8
A16 $ 122,441,708.08 $ 120,469,066.34 $ 945.98 36158GGL6
A17 $ 64,991,384.00 $ 64,991,384.00 $ 1,000.00 36158GGM4
A18 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36158GGN2
A19 $ 10,000,000.00 $ 10,000,000.00 $ 1,000.00 36158GGP7
A20 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36158GGQ5
A21 $ 23,267,941.00 $ 23,267,941.00 $ 1,000.00 36158GGR3
A22 $ 21,625,205.88 $ 21,395,308.51 $ 968.94 36158GGS1
A23 $ 30,725,150.00 $ 30,725,150.00 $ 1,000.00 36158GGT9
A24 $ 40,870,644.12 $ 41,100,541.49 $ 1,016.97 36158GGU6
A25 $ 92,616,155.00 $ 92,616,155.00 $ 1,000.00 36158GGV4
A26 $ 605,000.00 $ 605,000.00 $ 1,000.00 36158GGW2
A27 $ 53,443,352.90 $ 52,652,032.46 $ 950.20 36158GGX0
A28 $ 52,390,300.00 $ 52,390,300.00 $ 1,000.00 36158GGY8
2A1 $ 41,317,435.37 $ 41,248,980.17 $ 982.12 36158GGZ5
2A2 $ 9,018,000.00 $ 9,018,000.00 $ 1,000.00 36158GHA9
2A3 $ 2,003,967.00 $ 2,003,967.00 $ 1,000.00 36158GHB7
2A4 $ 9,017,699.00 $ 9,017,699.00 $ 1,000.00 36158GHC5
2A5 $ 7,234,946.00 $ 7,234,946.00 $ 1,000.00 36158GHD3
1S $ 723,402,180.15 $ 718,881,856.83 $ 950.57 GEC99151S
2S $ 71,662,051.95 $ 71,591,134.39 $ 989.52 GEC99152S
M $ 21,061,181.52 $ 21,044,047.06 $ 997.58 36158GHE1
B1 $ 7,521,921.86 $ 7,515,802.35 $ 997.58 36158GHF8
B2 $ 4,512,753.76 $ 4,509,082.38 $ 997.58 36158GHG6
B3 $ 5,013,948.97 $ 5,009,869.84 $ 997.58 36157R4L6
B4 $ 2,005,779.27 $ 2,004,147.45 $ 997.58 36157R4M4
B5 $ 2,509,812.44 $ 2,507,770.57 $ 997.58 36157R4N2
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 27 Principal Balance $ 8,919,552.09
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2. 60-89 days
Number 7 Principal Balance $ 2,110,734.19
-------- -------------
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: $ 10,045,610.00
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2. Bankruptcy Loss Amount: $ 358,194.00
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3. Fraud Loss Amount: $ 10,045,610.00
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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
- ----- ------- ------ ---------------- -------
A19 $ 999.99 $ 0.00 $ 0.00 $ 999.99