Exhibit 99.44
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1998
Series 1998-12D, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 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 % 7.369855
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Weighted average maturity 356.46
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X. Xxxxxx 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
----- ----------- ----------- ----------- -----------
PO4 $ 0.97888163 $ 0.10550074 $ 0.00000000 %0.00000000
4A1 $ 6.14319972 $ 5.06609505 $ 5.54928892 %6.74999993
4A2 $ 0.00000000 $ 0.00000000 $ 5.59374968 %6.71249961
4A3 $ 0.00000000 $ 0.00000000 $ 5.71874895 %6.86249874
4A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
4A5 $ 5.25994900 $ 4.33770710 $ 5.56016785 %6.75000010
4A6 $ 8.58468462 $ 7.07950718 $ 5.51918821 %6.74999991
4A7 $ 0.00000000 $ 0.00000000 $ 5.83333440 %7.00000128
4A8 $ 0.00000000 $ 0.00000000 $ 5.41666560 %6.49999872
4A9 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
4A10 $ 0.00000000 $ 0.00000000 $ 5.83333226 %6.99999871
4A11 $ 0.00000000 $ 0.00000000 $ 5.41666774 %6.50000129
4A12 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
4A13 $ 0.00000000 $ 0.00000000 $ 5.62499882 %6.74999859
SUP4 $ 0.00000000 $ 0.00000000 $ 0.34273621 %0.41543308
4R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
4M $ 0.77494067 $ 0.00000000 $ 5.62069826 %6.75000149
4B1 $ 0.77493895 $ 0.00000000 $ 5.62069732 %6.75000037
4B2 $ 0.77493630 $ 0.00000000 $ 5.62069396 %6.74999630
4B3 $ 0.77493895 $ 0.00000000 $ 5.62069732 %6.75000033
4B4 $ 0.77493991 $ 0.00000000 $ 5.62069188 %6.74999389
4B5 $ 0.77494232 $ 0.00000000 $ 5.62069074 %6.74999248
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:
$ 37,866.78
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 198,653,447.46
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 636
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3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
----- ------- ----------------- ------- -----
PO4 $ 328,878.31 $ 328,556.07 $ 998.07
4A1 $ 70,784,263.85 $ 70,343,489.27 $ 980.40 00000XXX0
4A2 $ 11,149,185.00 $ 11,149,185.00 $ 1,000.00 00000XXX0
4A3 $ 3,716,395.00 $ 3,716,395.00 $ 1,000.00 00000XXX0
4A4 $ 20,140,000.00 $ 20,140,000.00 $ 1,000.00 00000XXX0
4A5 $ 44,580,189.57 $ 44,342,965.87 $ 983.21 00000XXX0
4A6 $ 19,133,186.04 $ 18,965,784.69 $ 972.60 00000XXX0
4A7 $ 3,125,000.00 $ 3,125,000.00 $ 1,000.00 00000XXX0
4A8 $ 3,125,000.00 $ 3,125,000.00 $ 1,000.00 00000XXX0
4A9 $ 3,300,000.00 $ 3,300,000.00 $ 1,000.00 00000XXX0
4A10 $ 3,100,000.00 $ 3,100,000.00 $ 1,000.00 00000XXX0
4A11 $ 3,100,000.00 $ 3,100,000.00 $ 1,000.00 00000XXX0
4A12 $ 3,750,000.00 $ 3,750,000.00 $ 1,000.00 00000XXX0
4A13 $ 2,124,900.00 $ 2,124,900.00 $ 1,000.00 00000XXX0
SUP4 $ 182,653,907.96 $ 181,817,959.77 $ 985.48
4R $ 0.00 $ 0.00 $ 0.00 00000XXX0
4M $ 3,722,390.29 $ 3,719,503.45 $ 998.46 00000XXX0
4B1 $ 1,609,681.69 $ 1,608,433.33 $ 998.46 00000XXX0
4B2 $ 905,445.83 $ 904,743.62 $ 998.46 00000XXX0
4B3 $ 804,840.85 $ 804,216.67 $ 998.46 00000XXX0
4B4 $ 402,419.92 $ 402,107.83 $ 998.46 00000XXX0
4B5 $ 603,634.45 $ 603,166.31 $ 998.46 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 0 Principal Balance $ 0.00
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2. 60-89 days
Number 0 Principal Balance $ 0.00
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3. 90 days or more
Number 0 Principal Balance $ 0.00
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4. In Foreclosure
Number 0 Principal Balance $ 0.00
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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
4A2 % 6.71249961
4A3 % 6.86249874
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: % 0.41543308
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