Exhibit 99.02
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
April, 1999
Series 1999-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 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 % 7.191267
---------------------
Weighted average maturity 352.57
---------------------
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 $ 0.00000000 %0.00000000
PO $ 1.17031879 $ 0.20340739 $ 0.00000000 %0.00000000
A1 $ 0.83193197 $ 0.76709176 $ 5.40777079 %6.50000002
A2 $ 12.23701688 $ 11.28327195 $ 5.26083713 %6.50000000
A3 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A4 $ 0.00000000 $ 0.00000000 $ 5.41666697 %6.50000036
A5 $ 0.00000000 $ 0.00000000 $ 5.41666678 %6.50000013
A6 $ 0.00000000 $ 0.00000000 $ 5.41666571 %6.49999886
A7 $ 0.00000000 $ 0.00000000 $ 6.66666667 %8.00000000
A8 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A9 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A10 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A11 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A12 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A13 $ 0.00000000 $ 0.00000000 $ 6.66666667 %8.00000000
A14 $ 0.00000000 $ 0.00000000 $ 5.41667000 %6.50000400
A15 $ 0.00000000 $ 0.00000000 $ 5.41667000 %6.50000400
M $ 0.83193195 $ 0.00000000 $ 5.40777089 %6.50000015
B1 $ 0.83193245 $ 0.00000000 $ 5.40777110 %6.50000039
B2 $ 0.83193112 $ 0.00000000 $ 5.40776984 %6.49999888
B3 $ 0.83193112 $ 0.00000000 $ 5.40776984 %6.49999888
B4 $ 0.83193467 $ 0.00000000 $ 5.40777397 %6.50000384
B5 $ 0.83193296 $ 0.00000000 $ 5.40777138 %6.50000072
2. Unanticipated Recoveries: $ 0.00
----------------
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:
$ 159,053.57
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 681,170,446.18
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,070
----------
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 $ 982,898.47 $ 981,742.29 $ 993.75 GEC9901PO
A1 $ 67,454,824.42 $ 67,398,614.28 $ 997.53 00000XXX0
A2 $ 554,847,058.98 $547,856,271.48 $ 958.99 00000XXX0
A3 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 00000XXX0
A4 $ 8,341,146.00 $ 8,341,146.00 $ 1,000.00 00000XXX0
A5 $ 7,568,854.00 $ 7,568,854.00 $ 1,000.00 00000XXX0
A6 $ 3,500,000.00 $ 3,500,000.00 $ 1,000.00 00000XXX0
A7 $ 2,100,000.00 $ 2,100,000.00 $ 1,000.00 00000XXX0
A8 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 00000XXX0
A9 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 00000XXX0
A10 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 00000XXX0
A11 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 00000XXX0
A12 $ 3,000,000.00 $ 3,000,000.00 $ 1,000.00 00000XXX0
A13 $ 3,300,000.00 $ 3,300,000.00 $ 1,000.00 00000XXX0
A14 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 00000XXX0
A15 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 00000XXX0
SUP $ 647,549,072.30 $640,526,548.00 $ 964.54 GEC991SUP
M $ 13,018,112.94 $ 13,007,264.94 $ 997.53 00000XXX0
B1 $ 5,629,454.43 $ 5,624,763.40 $ 997.53 00000XX00
B2 $ 3,166,567.93 $ 3,163,929.23 $ 997.53 00000XX00
B3 $ 3,166,567.93 $ 3,163,929.23 $ 997.53 00000XX00
B4 $ 1,407,362.86 $ 1,406,190.10 $ 997.53 00000XX00
B5 $ 1,759,207.19 $ 1,757,741.24 $ 997.53 00000XX00
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 15 Principal Balance $ 5,126,548.47
-------- -------------
2. 60-89 days
Number 3 Principal Balance $ 1,382,738.98
-------- -------------
3. 90 days or more
Number 1 Principal Balance $ 134,000.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
---------------
2. Bankruptcy Loss Amount: $ 0.00
---------------
3. Fraud Loss Amount: $ 0.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
----- ------- ------ --------------- -------
A7_INT $ 42,000.00 $ 0.00 $ 0.00 $ 34,125.00
A13_INT $ 49,500.00 $ 0.00 $ 0.00 $ 37,125.00
A6 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A12 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A14 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A15 $ 999.99 $ 0.00 $ 0.00 $ 999.99
