Exhibit 99.10
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
JULY 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-4
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1997
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single
Certificate of $1,000:
i) The amount of such distribution allocable to principal:
Class 4-A1.....$ 0.00000000 Class 4-A12....$ 0.00000000
Class 4-A2.....$ 23.58457272 Class 4-PO.....$ 0.89246165
Class 4-A3.....$ 0.00000000 Class 4-M......$ 0.69245210
Class 4-A4.....$ 9.36009534 Class 4-B1.....$ 0.69245224
Class 4-A5.....$ 0.00000000 Class 4-B2.....$ 0.69245224
Class 4-A6.....$ 8.97131982 Class 4-B3.....$ 0.69245154
Class 4-A7.....$ 0.00000000 Class 4-B4.....$ 0.69245247
Class 4-A8.....$ 0.00000000 Class 4-B5.....$ 0.69245490
Class 4-A9.....$ 0.00000000 Class 4-R......$ 0.00000000
Class 4-A10....$ 0.00000000
Class 4-A11....$ 0.00000000
ii) Principal Prepayments included in the above principal
distribution (including the Scheduled Principal Balances of all
Defaulted Mortgage Loans and Defective Mortgage Loans purchased
pursuant to Section 2.02, 2.03 (b) or 3.16, respectively, and any
amounts deposited pursuant to Section 2.03(b) in connection with
the substitution of any Mortgage Loans pursuant to Section 2.02
or 2.03(a), the proceeds of which are being distributed on such
Distribution Date):
Class 4-A1.....$ 0.00000000 Class 4-A12.....$ 0.00000000
Class 4-A2.....$ 18.72121918 Class 4-M.......$ 0.00000000
Class 4-A3.....$ 0.00000000 Class 4-PO......$ 0.70842794
Class 4-A4.....$ 7.42995850 Class 4-B1......$ 0.00000000
Class 4-A5.....$ 0.00000000 Class 4-B2......$ 0.00000000
Class 4-A6.....$ 7.12135203 Class 4-B3......$ 0.00000000
Class 4-A7.....$ 0.00000000 Class 4-B4......$ 0.00000000
Class 4-A8.....$ 0.00000000 Class 4-B5......$ 0.00000000
Class 4-A9.....$ 0.00000000 Class 4-R.......$ 0.00000000
Class 4-A10....$ 0.00000000
Class 4-A11....$ 0.00000000
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 4-A1..... 6.25000000 Class 4-A12..... 6.25000000
Class 4-A2..... 6.06499511 Class 4-M....... 6.24145529
Class 4-A3..... 6.25000000 Class 4-PO...... 0.00000000
Class 4-A4..... 6.17657639 Class 4-B1...... 6.24145423
Class 4-A5..... 6.25000000 Class 4-B2...... 6.24144568
Class 4-A6..... 6.13890133 Class 4-B3...... 6.24143672
Class 4-A7..... 0.00000000 Class 4-B4...... 6.24144487
Class 4-A8..... 6.13151431 Class 4-B5...... 6.24143299
Class 4-A9..... 6.25000000 Class 4-R....... 0.00000000
Class 4-A10.... 6.25000000 Class 4-S....... 0.24024888
Class 4-A11.... 6.25000000
iv) The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 73,546.57
(b) The amounts below are for the aggregate of all Certificates.
v) The Pool Scheduled Principal Balances of each Mortgage Pool on
the preceding Due Date after giving effect to all distributions
allocable to principal made on such Distribution Date:
$ 347,082,570.29
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:........... 1,237
vi) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each
Class after giving effect to (i) all distributions allocable to
principal made on such Distribution Date and (ii) the allocation
of any Realized Losses and any Subordinate Writedown Certificate
Amount for such Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 4-A1................$ 21,540,000.00 $ 1,000.00
Class 4-A2................$ 33,870,400.34 $ 946.81
Class 4-A3................$ 22,546,000.00 $ 1,000.00
Class 4-A4................$ 28,952,692.67 $ 978.89
Class 4-A5................$ 45,556,000.00 $ 1,000.00
Class 4-A6................$ 6,865,325.68 $ 973.25
Class 4-A7................$ 10,188,674.32 $ 1,018.87
Class 4-A8................$ 54,807,888.84 $ 981.04
Class 4-A9................$ 19,614,000.00 $ 1,000.00
Class 4-A10...............$ 34,511,000.00 $ 1,000.00
Class 4-A11...............$ 20,612,000.00 $ 1,000.00
Class 4-A12...............$ 32,552,000.00 $ 1,000.00
Class 4-PO................$ 592,158.86 $ 997.32
Class 4-M.................$ 4,374,970.91 $ 997.94
Class 4-B1................$ 3,499,777.14 $ 997.94
Class 4-B2................$ 3,499,777.14 $ 997.94
Class 4-B3................$ 1,750,387.54 $ 997.94
Class 4-B4................$ 524,916.67 $ 997.94
Class 4-B5................$ 1,224,600.18 $ 997.94
Class 4-R.................$ 0.00 $ 0.00
Class 4-S.................$ 317,623,671.28 $ 988.98
vii) The following pertains to any real estate acquired on behalf of
Certificateholders through foreclosure, or grant of a deed in
lieu of foreclosure or otherwise, of any REO Mortgage Loan:
book value............................... $ 0.00
unpaid principal balance................. $ 0.00
number of related mortgage loans......... 0
viii)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:
(a) delinquent
(1) 30-59 days
*Number 18 *Principal Balance $ 4,707,704.44
(2) 60-89 days
Number 4 Principal Balance $ 1,144,090.46
(3) 90 days or more
Number 1 Principal Balance $ 263,000.00
(b) in foreclosure
Number 0 Principal Balance $ 0.00
ix) The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to Section 2.03(b), and of any Modified Mortgage Loan
purchased pursuant to Section 3.01(c): ........$ 0.00
x) The Certificate Interest Rates, applicable to the Interest
Accrual Period relating to such Distribution Date:
Class 4-S: ....................... 0.290400%
1. Senior Percentage for such Distribution Date: .. 95.71811300%
2. Group I Senior Percentage for such Distribution
Date: .......................................... 79.29970200%
3. Group II Senior Percentage for such Distribution
Date: .......................................... 16.41841100%
4. Senior Prepayment Percentage for such Distribution
Date:...........................................100.00000000%
5. Group I Senior Prepayment Percentage for such
Distribution Date: .............................100.00000000%
6. Group II Senior Prepayment Percentage for such
Distribution Date: ............................. 0.00000000%
7. Junior Percentage for such Distribution Date: .. 4.28188700%
8. Junior Prepayment Percentage for such Distribution
Date: ......................................... 0.00000000%
