Exhibit 99.6
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-3
Pursuant to the Pooling and Servicing Agreement dated as of March 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:
The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
1. The amount of such distribution allocable to principal:
Class 3-A1.....$ 170.94447584 Class 3-A13...$ 0.00000000
Class 3-A2.....$ 0.00000000 Class 3-A14...$ 10.74295247
Class 3-A3.....$ 0.00000000 Class 3-A15...$ 0.00000000
Class 3-A4.....$ 0.00000000 Class 3-PO....$ 1.08106747
Class 3-A5.....$ 0.74462477 Class 3-M.....$ 0.74462504
Class 3-A6.....$ 0.74462479 Class 3-B1....$ 0.74462436
Class 3-A7.....$ 37.16142136 Class 3-B2....$ 0.74462436
Class 3-A8.....$ 0.00000000 Class 3-B3....$ 0.74462332
Class 3-A9.....$ 0.00000000 Class 3-B4....$ 0.74461883
Class 3-A10....$ 0.00000000 Class 3-B5....$ 0.74463601
Class 3-A11....$ 0.00000000 Class 3-R.....$ 0.00000000
Class 3-A12....$ 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 3-A1.....$ 165.12425090 Class 3-A13...$ 0.00000000
Class 3-A2.....$ 0.00000000 Class 3-A14...$ 10.37718224
Class 3-A3.....$ 0.00000000 Class 3-A15...$ 0.00000000
Class 3-A4.....$ 0.00000000 Class 3-PO....$ 1.04425987
Class 3-A5.....$ 0.71927219 Class 3-M.....$ 0.00000000
Class 3-A6.....$ 0.71927221 Class 3-B1....$ 0.00000000
Class 3-A7.....$ 35.89616941 Class 3-B2....$ 0.00000000
Class 3-A8.....$ 0.00000000 Class 3-B3....$ 0.00000000
Class 3-A9.....$ 0.00000000 Class 3-B4....$ 0.00000000
Class 3-A10....$ 0.00000000 Class 3-B5....$ 0.00000000
Class 3-A11....$ 0.00000000 Class 3-R.....$ 0.00000000
Class 3-A12....$ 0.00000000
3. The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 3-A1.....$ 1.71324214 Class 3-A13...$ 0.00000000
Class 3-A2.....$ 6.25000000 Class 3-A14...$ 5.66418275
Class 3-A3.....$ 6.25000000 Class 3-A15...$ 6.24999961
Class 3-A4.....$ 6.25000000 Class 3-M.....$ 6.20359168
Class 3-A5.....$ 6.20359162 Class 3-B1....$ 6.20359273
Class 3-A6.....$ 6.20359153 Class 3-B2....$ 6.20359273
Class 3-A7.....$ 5.26375941 Class 3-B3....$ 6.20359193
Class 3-A8.....$ 6.25000000 Class 3-B4....$ 6.20358744
Class 3-A9.....$ 6.25000000 Class 3-B5....$ 6.20367116
Class 3-A10....$ 6.25000000 Class 3-R.....$ 0.00000000
Class 3-A11....$ 6.25000000 Class 3-S.....$ 0.23269928
Class 3-A12....$ 6.25000000
4. Accrual Amount:
Class A13 ........... $ 52,093.35
5. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:.....$ 93,206.79
The amounts below are for the aggregate of all Certificates.
6. 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:.......$ 400,303,909.38
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:................. 1,427
7. 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 3-A1....................$ 3,775,725.74 $ 103.17
Class 3-A2....................$ 39,250,000.00 $ 1,000.00
Class 3-A3....................$ 5,441,592.00 $ 1,000.00
Class 3-A4....................$ 47,000,000.00 $ 1,000.00
Class 3-A5....................$ 42,273,876.80 $ 991.83
Class 3-A6....................$ 42,273,875.86 $ 991.83
Class 3-A7....................$ 49,329,952.96 $ 805.04
Class 3-A8....................$ 7,000,000.00 $ 1,000.00
Class 3-A9....................$ 34,200,000.00 $ 1,000.00
Class 3-A10...................$ 43,100,000.00 $ 1,000.00
Class 3-A11...................$ 29,500,000.00 $ 1,000.00
Class 3-A12...................$ 21,700,000.00 $ 1,000.00
Class 3-A13...................$ 8,387,030.02 $ 1,064.29
Class 3-A14...................$ 4,342,470.98 $ 895.53
Class 3-A15...................$ 3,183,573.00 $ 1,000.00
Class 3-PO....................$ 748,272.03 $ 978.15
Class 3-M.....................$ 5,528,460.62 $ 991.83
Class 3-B1....................$ 4,422,570.13 $ 991.83
Class 3-B2....................$ 4,422,570.13 $ 991.83
Class 3-B3....................$ 2,211,780.98 $ 991.83
Class 3-B4....................$ 663,534.30 $ 991.83
Class 3-B5....................$ 1,548,623.83 $ 991.83
Class 3-R.....................$ 0.00 $ 0.00
Class 3-S.....................$ 365,005,110.74 $ 890.83
8. 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
9. 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 7 Principal Balance $ 1,649,752.49
(2) 60-89 days
Number 4 Principal Balance $ 1,370,984.98
(3) 90 days or more
Number 1 Principal Balance $ 502,609.12
(b) in foreclosure
Number 2 Principal Balance $ 440,992.51
10. 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
11. The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 3-S: ........................ 0.304500%
12. Senior Percentage for such Distribution Date:.......... 95.39117800%
13. Group I Senior Percentage for such Distribution Date: . 74.66157400%
14. Group II Senior Percentage for such Distribution Date: 20.72960400%
15. Senior Prepayment Percentage for such Distribution Date: 100.00000000%
16. Group I Senior Prepayment Percentage for such
Distribution Date: .................................... 100.00000000%
17. Group II Senior Prepayment Percentage for such
Distribution Date: .................................... 0.00000000%
18. Junior Percentage for such Distribution Date: ......... 4.60882200%
19. Junior Prepayment Percentage for such Distribution Date: 0.00000000%
