Exhibit 99.30
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-12
Pursuant to the Pooling and Servicing Agreement dated as of December 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
$1,000:
1) The amount of such distribution allocable to principal:
Class 12-A1.......$ 35.83713768 Class 12-M......$ 0.71254627
Class 12-A2.......$ 43.88600675 Class 12-B1.....$ 0.71254543
Class 12-A3.......$ 0.00000000 Class 12-B2.....$ 0.71254618
Class 12-A4.......$ 0.00000000 Class 12-B3.....$ 0.71254618
Class 12-A5.......$ 0.00000000 Class 12-B4.....$ 0.71254854
Class 12-A6.......$ 0.71254582 Class 12-B5.....$ 0.71254418
Class 12-PO.......$ 1.06829364 Class 12-R......$ 0.00000000
2) 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 12-A1.......$ 34.95643269 Class 12-M......$ 0.00000000
Class 12-A2.......$ 42.80749915 Class 12-B1.....$ 0.00000000
Class 12-A3.......$ 0.00000000 Class 12-B2.....$ 0.00000000
Class 12-A4.......$ 0.00000000 Class 12-B3.....$ 0.00000000
Class 12-A5.......$ 0.00000000 Class 12-B4.....$ 0.00000000
Class 12-A6.......$ 0.69503486 Class 12-B5.....$ 0.00000000
Class 12-PO.......$ 1.04204011 Class 12-R......$ 0.00000000
3) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 12-A1.......$ 5.75525600 Class 12-B1.....$ 5.82914035
Class 12-A2.......$ 5.73772012 Class 12-B2.....$ 5.82914057
Class 12-A3.......$ 5.83333358 Class 12-B3.....$ 5.82913850
Class 12-A4.......$ 5.83333309 Class 12-B4.....$ 5.82914298
Class 12-A5.......$ 5.83333339 Class 12-B5.....$ 5.82916839
Class 12-A6.......$ 5.82913960 Class 12-R......$ 0.00000000
Class 12-M........$ 5.82913990 Class 12-S......$ 0.00000000
4) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:..... $ 131,652.60
(b) The amounts below are for the aggregate of all Certificates.
5) 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:........$ 620,544,954.55
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:.................. 2,040
6) 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 12-A1............$ 294,741,234.33 $ 950.78
Class 12-A2............$ 141,383,442.52 $ 939.72
Class 12-A3............$ 16,633,813.00 $ 1,000.00
Class 12-A4............$ 17,157,119.00 $ 1,000.00
Class 12-A5............$ 62,129,252.00 $ 1,000.00
Class 12-A6............$ 61,730,675.81 $ 998.57
Class 12-PO............$ 362,283.94 $ 997.90
Class 12-M.............$ 9,017,069.84 $ 998.57
Class 12-B1............$ 6,118,725.68 $ 998.57
Class 12-B2............$ 4,830,572.27 $ 998.57
Class 12-B3............$ 3,220,381.52 $ 998.57
Class 12-B4............$ 966,114.05 $ 998.57
Class 12-B5............$ 2,254,270.59 $ 998.57
Class 12-R.............$ 0.00 $ 0.00
Class 12-S.............$ 602,032,797.40 $ 961.03
7) 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
8) 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 24 Principal Balance $ 6,653,439.93
(2) 60-89 days
Number 2 Principal Balance $ 470,261.81
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 0 Principal Balance $ 0.00
9) The Scheduled Principal Balance of any Mortgage Loan and number of
replaced pursuant to Section 2.03(b), and of any Modified Mortgage
Loan purchased pursuant to Section 3.01(c): $ 0.00 $ 0.00
10) The Scheduled Principal Balance of any Mortgage Loan and number of any
Modified Mortgage Loan purchased pursuant to Section 3.01(c):
$ 0.00 $ 0.00
11) The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 12-S: ........................ 0.495123%
12) Senior Percentage for such Distribution Date: ........... 95.85772300%
13) Senior Prepayment Percentage for such Distribution Date: 100.00000000%
14) Class A6 Percentage...................................... 9.68319900%
15) Class A6 Prepayment Distribution Percentage for such .... 0.000000%
Distribution Date:
16) Junior Percentage for such Distribution Date: ........... 4.14227700%
17) Junior Prepayment Percentage for such Distribution Date: 0.00000000%
Capitalized terms used in this Statement shall have the same meanings as
in the Agreement.
