Exhibit 99.10
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 2000
Series 1999-05, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 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 % 7.198868
------------------------
Weighted average maturity 344.70
------------------------
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
----- ----------- ----------- ----------- -----------
PO $ 1.12523352 $ 0.14789579 $ 0.00000000 %0.00000000
A1 $ 5.59805016 $ 4.61326096 $ 4.96484609 %6.49999998
A2 $ 6.78915794 $ 5.59483327 $ 4.86871136 %6.49999999
A3 $ 0.00000000 $ 0.00000000 $ 5.41666534 %6.49999841
A4 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A5 $ 0.00000000 $ 0.00000000 $ 5.41666767 %6.50000120
A6 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A7 $ 0.00000000 $ 0.00000000 $ 5.41666572 %6.49999886
A8 $ 9.83506341 $ 8.10491367 $ 4.62287541 %6.50000018
A9 $ 0.00000000 $ 0.00000000 $ 5.20833233 %6.24999880
A10 $ 0.00000000 $ 0.00000000 $ 5.41666600 %6.49999920
A11 $ 0.00000000 $ 0.00000000 $ 5.83333533 %7.00000240
A12 $ 0.00000000 $ 0.00000000 $ 5.41666582 %6.49999899
A13 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A14 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A15 $ 0.00000000 $ 0.00000000 $ 5.41666990 %6.50000388
A16 $ 0.00000000 $ 0.00000000 $ 5.62500093 %6.75000112
A17 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A18 $ 0.00000000 $ 0.00000000 $ 5.62500114 %6.75000137
A19 $ 0.00000000 $ 0.00000000 $ 6.66667000 %8.00000400
A20 $ 0.00000000 $ 0.00000000 $ 7.50000000 %9.00000000
A21 $ 0.00000000 $ 0.00000000 $ 5.41667000 %6.50000400
A22 $ 0.00000000 $ 0.00000000 $ 5.83333000 %6.99999600
A23 $ 0.00000000 $ 0.00000000 $ 5.62500026 %6.75000031
A24 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A25 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A26 $ 0.00000000 $ 0.00000000 $ 5.83333306 %6.99999967
A27 $ 6.56390989 $ 5.40921011 $ 4.88689124 %6.50000003
A28 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A29 $ 0.00000000 $ 0.00000000 $ 5.41666662 %6.49999995
S $ 0.00000000 $ 0.00000000 $ 0.36418964 %0.46990360
M $ 0.88892157 $ 0.00000000 $ 5.37088379 %6.49999985
B1 $ 0.88892139 $ 0.00000000 $ 5.37088419 %6.50000034
B2 $ 0.88892082 $ 0.00000000 $ 5.37088476 %6.50000102
B3 $ 0.88892245 $ 0.00000000 $ 5.37088482 %6.50000111
B4 $ 0.88892481 $ 0.00000000 $ 5.37088246 %6.49999824
B5 $ 0.88892370 $ 0.00000000 $ 5.37088413 %6.50000030
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
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:
$ 145,274.37
-----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 731,514,756.71
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,384
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
----- ------- ----------------- ------- -----
PO $ 727,454.95 $ 726,623.05 $ 982.85 GEC9905PO
A1 $ 375,742,913.52 $ 373,448,065.63 $ 910.99 00000XX00
A2 $ 58,249,262.85 $ 57,809,291.46 $ 892.05 00000XX00
A3 $ 2,510,000.00 $ 2,510,000.00 $ 1,000.00 00000XX00
A4 $ 3,321,000.00 $ 3,321,000.00 $ 1,000.00 00000XX00
A5 $ 3,322,000.00 $ 3,322,000.00 $ 1,000.00 00000XX00
A6 $ 2,316,000.00 $ 2,316,000.00 $ 1,000.00 00000XX00
A7 $ 3,506,600.00 $ 3,506,600.00 $ 1,000.00 00000XX00
A8 $ 16,015,915.87 $ 15,831,351.07 $ 843.62 00000XX00
A9 $ 3,334,000.00 $ 3,334,000.00 $ 1,000.00 00000XX00
A10 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 00000XX00
A11 $ 1,667,000.00 $ 1,667,000.00 $ 1,000.00 00000XX00
A12 $ 3,947,000.00 $ 3,947,000.00 $ 1,000.00 00000XX00
A13 $ 4,500,000.00 $ 4,500,000.00 $ 1,000.00 00000XX00
A14 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 00000XX00
A15 $ 1,030,000.00 $ 1,030,000.00 $ 1,000.00 00000XX00
A16 $ 4,694,481.00 $ 4,694,481.00 $ 1,000.00 00000XX00
A17 $ 426,519.00 $ 426,519.00 $ 1,000.00 00000XX00
A18 $ 4,395,000.00 $ 4,395,000.00 $ 1,000.00 00000XX00
A19 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 00000XX00
A20 $ 2,948,000.00 $ 2,948,000.00 $ 1,000.00 00000XX00
A21 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 00000XX00
A22 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 00000XX00
A23 $ 4,814,814.00 $ 4,814,814.00 $ 1,000.00 00000XX00
A24 $ 185,186.00 $ 185,186.00 $ 1,000.00 00000XX00
A25 $ 701,215.00 $ 701,215.00 $ 1,000.00 00000XX00
A26 $ 9,115,785.00 $ 9,115,785.00 $ 1,000.00 00000XX00
A27 $ 89,866,771.92 $ 89,212,947.42 $ 895.63 00000XX00
A28 $ 16,281,000.00 $ 16,281,000.00 $ 1,000.00 00000XX00
A29 $ 78,866,000.00 $ 78,866,000.00 $ 1,000.00 00000XX00
S $ 703,023,597.78 $ 699,455,601.86 $ 925.32 GEC99005S
M $ 15,639,683.43 $ 15,625,662.46 $ 990.66 00000XX00
B1 $ 5,865,005.23 $ 5,859,747.26 $ 990.66 00000XX00
B2 $ 3,519,003.14 $ 3,515,848.35 $ 990.66 00000XX00
B3 $ 4,300,937.73 $ 4,297,081.94 $ 990.66 00000XX00
B4 $ 1,564,067.50 $ 1,562,665.31 $ 990.66 00000XX00
B5 $ 2,345,975.89 $ 2,343,872.72 $ 990.66 00000XX00
R $ 0.00 $ 0.00 $ 0.00 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 14 Principal Balance $ 3,891,223.47
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 352,446.47
-------- -------------
3. 90 days or more
Number 2 Principal Balance $ 625,817.17
-------- -------------
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: $ 7,886,560.00
-------------
2. Bankruptcy Loss Amount: $ 240,301.00
-------------
3. Fraud Loss Amount: $ 7,886,560.00
-------------
4. Certificate Interest Rate of the Class S Certificate: %0.00000000
-----------
G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
----- ------- ------ --------------- -------
A19-INT $ 20,000.00 $ 0.00 $ 0.00 $ 6,250.00
A20-INT $ 73,701.00 $ 0.00 $ 0.00 $ 6,149.24
A12 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A13 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A18 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A21 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A22 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A23 $ 999.99 $ 0.00 $ 0.00 $ 999.99
