Exhibit 99.24
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1998
Series 1998-09, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 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 % 7.379884
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Weighted average maturity 349.05
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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 $ 1.01764680 $ 0.07302040 $ 0.00000000 % 0.00000000
A1 $ 0.00000000 $ 0.00000000 $ 5.41666675 % 6.50000010
A2 $ 0.00000000 $ 0.00000000 $ 5.41666661 % 6.49999993
A3 $ 37.94410584 $ 36.18565818 $ 5.33023241 % 6.99999998
A4 $ 36.16523679 $ 34.48922753 $ 0.00000000 % 0.00000000
A5 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A6 $ 0.00000000 $ 0.00000000 $ 5.14127521 % 6.16953025
A7 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A8 $ 0.00000000 $ 0.00000000 $ 5.62500010 % 6.75000012
A10 $ 23.64084253 $ 22.54525247 $ 5.00731855 % 6.75000003
A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A12 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A13 $ 0.00000000 $ 0.00000000 $ 5.62500005 % 6.75000006
A14 $ 0.00000000 $ 0.00000000 $ 5.83333400 % 7.00000080
A15 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
A9 $ 0.00000000 $ 0.00000000 $ 5.62500049 % 6.75000059
A16 $ 0.00000000 $ 0.00000000 $ 7.49079543 % 8.98895451
A17 $ 0.00000000 $ 0.00000000 $ 5.62499989 % 6.74999987
A18 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A19 $ 0.00000000 $ 0.00000000 $ 5.62500039 % 6.75000047
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
M $ 0.82215102 $ 0.00000000 $ 5.59786264 % 6.75000035
B1 $ 0.82215034 $ 0.00000000 $ 5.59786296 % 6.75000075
B2 $ 0.82214962 $ 0.00000000 $ 5.59786221 % 6.74999983
B3 $ 0.82215165 $ 0.00000000 $ 5.59786166 % 6.74999918
B4 $ 0.82214904 $ 0.00000000 $ 5.59786427 % 6.75000236
B5 $ 0.82215184 $ 0.00000000 $ 5.59786133 % 6.74999879
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:
$ 144,398.00
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 684,458,244.77
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,265
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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 $ 800,172.50 $ 799,341.05 $ 978.35 GEC9809PO
A1 $ 48,871,886.00 $ 48,871,886.00 $ 1,000.00 00000XXX0
A2 $ 54,638,720.00 $ 54,638,720.00 $ 1,000.00 00000XXX0
A3 $ 185,511,015.85 $ 177,807,576.39 $ 875.81 00000XXX0
A4 $ 7,240,631.63 $ 6,955,319.05 $ 881.63 00000XXX0
A5 $ 0.00 $ 0.00 $ 0.00 00000XXX0
A6 $ 14,087,291.00 $ 14,087,291.00 $ 1,000.00 00000XXX0
A7 $ 4,986,000.00 $ 4,986,000.00 $ 1,000.00 00000XXX0
A8 $ 51,175,000.00 $ 51,175,000.00 $ 1,000.00 00000XXX0
A10 $ 145,991,494.55 $ 142,114,387.32 $ 866.55 00000XXX0
A11 $ 20,252,000.00 $ 20,252,000.00 $ 1,000.00 00000XXX0
A12 $ 22,880,000.00 $ 22,880,000.00 $ 1,000.00 00000XXX0
A13 $ 23,196,750.00 $ 23,196,750.00 $ 1,000.00 00000XXX0
A14 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 00000XXX0
A15 $ 33,000,000.00 $ 33,000,000.00 $ 1,000.00 00000XXX0
A9 $ 5,055,948.00 $ 5,055,948.00 $ 1,000.00 00000XXX0
A16 $ 3,652,261.00 $ 3,652,261.00 $ 1,000.00 00000XXX0
A17 $ 22,394,100.00 $ 22,394,100.00 $ 1,000.00 00000XXX0
A18 $ 9,880,000.00 $ 9,880,000.00 $ 1,000.00 00000XXX0
A19 $ 12,872,248.00 $ 12,872,248.00 $ 1,000.00 00000XXX0
SUP $ 659,565,136.03 $ 647,711,525.83 $ 907.06 GEC98009S
RL $ 0.00 $ 0.00 $ 0.00 00000XXX0
M $ 13,837,915.72 $ 13,826,483.71 $ 994.35 00000XXX0
B1 $ 5,983,990.45 $ 5,979,046.86 $ 994.35 00000XXX0
B2 $ 3,365,683.64 $ 3,362,903.12 $ 994.35 00000XXX0
B3 $ 2,992,492.81 $ 2,990,020.60 $ 994.35 00000XXX0
B4 $ 1,495,748.81 $ 1,494,513.12 $ 994.35 00000XXX0
B5 $ 2,244,251.07 $ 2,242,397.01 $ 994.35 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 9 Principal Balance $ 2,444,481.32
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2. 60-89 days
Number 1 Principal Balance $ 234,808.58
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3. 90 days or more
Number 0 Principal Balance $ 0.00
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4. In Foreclosure
Number 1 Principal Balance $ 317,352.70
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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
A6 % 6.16953025
A16 % 8.98895451
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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F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class A4_1 $ 0.00
Class A4_2 $ 0.00
Class A4_3 $ 0.00
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class A4_1 $ 6,585,466.05
Class A4_2 $ 185,186.00
Class A4_3 $ 184,667.00
