Exhibit 99.52
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
November, 1998
Series 1998-16, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of September 1, 1998
(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 % 7.089106
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Weighted average maturity 175.02
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X. Xxxxxx 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 $ 3.61538305 $ 0.19599709 $ 0.00000000 %0.00000000
A1 $ 16.63665591 $ 12.56207852 $ 5.37010461 %6.50000008
A2 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A3 $ 3.24287037 $ 2.44864074 $ 5.39911185 %6.50000009
A5 $ 16.63665604 $ 12.56207842 $ 5.16356198 %6.24999990
A4 $ 0.00000000 $ 0.00000000 $ 0.20654257 %0.25000011
A6 $ 13.18918573 $ 9.95894770 $ 5.37808009 %6.50000004
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
M $ 3.24286887 $ 0.00000000 $ 5.39911106 %6.49999912
B1 $ 3.24286699 $ 0.00000000 $ 5.39911148 %6.49999969
B2 $ 3.24286699 $ 0.00000000 $ 5.39911148 %6.49999969
B3 $ 3.24287480 $ 0.00000000 $ 5.39911558 %6.50000460
B4 $ 3.24287769 $ 0.00000000 $ 5.39911148 %6.49999962
B5 $ 3.24287677 $ 0.00000000 $ 5.39911890 %6.50000855
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:
$ 37,779.89
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 244,412,949.35
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 788
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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 00000XXX0
PO $ 441,913.37 $ 440,309.85 $ 992.75 GEC9816PO
A1 $ 52,764,974.11 $ 51,879,530.04 $ 974.77 00000XXX0
A2 $ 6,750,000.00 $ 6,750,000.00 $ 1,000.00 00000XXX0
A3 $ 26,912,495.61 $ 26,824,938.11 $ 993.52 00000XXX0
A5 $ 50,065,897.77 $ 49,225,746.65 $ 974.77 00000XXX0
A4 $ 50,065,897.77 $ 49,225,746.65 $ 974.77 00000XXX0
A6 $ 105,741,327.98 $ 104,336,679.70 $ 979.69 00000XXX0
SUP $ 223,616,837.15 $ 220,465,905.16 $ 978.61 GE9816SUP
RL $ 0.00 $ 0.00 $ 0.00 GEC9816RL
M $ 1,864,469.79 $ 1,858,403.89 $ 993.52 00000XXX0
B1 $ 621,489.26 $ 619,467.30 $ 993.52 00000XXX0
B2 $ 621,489.26 $ 619,467.30 $ 993.52 00000XXX0
B3 $ 1,118,681.67 $ 1,115,042.14 $ 993.52 00000XXX0
B4 $ 372,893.56 $ 371,680.38 $ 993.52 00000XXX0
B5 $ 372,896.74 $ 371,683.55 $ 993.52 00000XXX0
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 80 Principal Balance $ 23,746,531.10
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2. 60-89 days
Number 147 Principal Balance $ 48,915,695.24
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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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