Exhibit 99.32
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
November, 1999
Series 1999-15, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 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 % 7.250595
---------------------
Weighted average maturity 352.93
---------------------
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 $ 1.27926304 $ 0.36773536 $ 0.00000000 %0.00000000
A1 $ 10.00373357 $ 8.62724409 $ 5.43339623 %6.75000002
A2 $ 4.92532651 $ 4.24761349 $ 5.53066419 %6.75000011
A3 $ 11.11334780 $ 9.58417800 $ 5.41214360 %6.75000010
A4 $ 0.00000000 $ 0.00000000 $ 5.83333330 %6.99999996
A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A6 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A7 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A8 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A9 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A10 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A11 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A12 $ 0.00000000 $ 0.00000000 $ 5.83333324 %6.99999989
A13 $ 7.90057270 $ 6.81347300 $ 5.47368420 %6.75000005
A14 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A15 $ 0.00000000 $ 0.00000000 $ 6.04166809 %7.25000171
A16 $ 15.86388471 $ 13.68105255 $ 5.32115542 %6.75000002
A17 $ 0.00000000 $ 0.00000000 $ 5.83333338 %7.00000006
A18 $ 0.00000000 $ 0.00000000 $ 6.04166600 %7.24999920
A19 $ 0.00000000 $ 0.00000000 $ 6.04166700 %7.25000040
A20 $ 0.00000000 $ 0.00000000 $ 6.04166600 %7.24999920
A21 $ 0.00000000 $ 0.00000000 $ 6.04166651 %7.24999982
A22 $ 10.47004119 $ 9.02938887 $ 5.45028724 %6.74999998
A23 $ 0.00000000 $ 0.00000000 $ 5.62500004 %6.75000005
A24 $ 0.00000000 $ 0.00000000 $ 5.72045691 %6.75000012
A25 $ 0.00000000 $ 0.00000000 $ 5.62499998 %6.74999998
A26 $ 0.00000000 $ 0.00000000 $ 5.62500826 %6.75000992
A27 $ 14.62533878 $ 12.61292764 $ 5.34487751 %6.74999994
A28 $ 0.00000000 $ 0.00000000 $ 5.62500005 %6.75000006
2A1 $ 1.60685310 $ 0.28718000 $ 5.52441690 %6.74999990
2A2 $ 0.00000000 $ 0.00000000 $ 6.25000000 %7.50000000
2A3 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
2A4 $ 0.00000000 $ 0.00000000 $ 6.25000014 %7.50000017
2A5 $ 0.00000000 $ 0.00000000 $ 5.62499983 %6.74999979
1S $ 0.00000000 $ 0.00000000 $ 0.28347838 %0.35786277
2S $ 0.00000000 $ 0.00000000 $ 0.29652079 %0.35959402
M $ 0.81880209 $ 0.81880209 $ 5.61141313 %6.74999973
B1 $ 0.81880143 $ 0.81880143 $ 5.61141359 %6.75000028
B2 $ 0.81880310 $ 0.81880310 $ 5.61141372 %6.75000043
B3 $ 0.81880127 $ 0.81880127 $ 5.61141378 %6.75000051
B4 $ 0.81880040 $ 0.81880040 $ 5.61141364 %6.75000036
B5 $ 0.81880229 $ 0.81880229 $ 5.61141356 %6.75000026
R $ 0.00000000 $ 0.00000000 $ 0.10000000 %0.00000000
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
A24 $ 231,190.55
2. The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 201,079.27
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 980,645,202.23
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 3,026
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
----- ------- ----------------- ------- -----
PO $ 4,322,202.96 $ 4,316,604.87 $ 986.42 GEC9915PO
A1 $ 78,251,482.46 $ 77,441,070.50 $ 955.93 00000XXX0
A2 $ 42,278,854.44 $ 42,067,065.39 $ 978.30 00000XXX0
A3 $ 48,107,942.40 $ 47,552,275.01 $ 951.05 00000XXX0
A4 $ 25,578,787.00 $ 25,578,787.00 $ 1,000.00 00000XXX0
A5 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 00000XXX0
A6 $ 1,200,000.00 $ 1,200,000.00 $ 1,000.00 00000XXX0
A7 $ 300,000.00 $ 300,000.00 $ 1,000.00 00000XXX0
A8 $ 300,000.00 $ 300,000.00 $ 1,000.00 00000XXX0
A9 $ 300,000.00 $ 300,000.00 $ 1,000.00 00000XXX0
A10 $ 900,000.00 $ 900,000.00 $ 1,000.00 00000XXX0
A11 $ 3,750,000.00 $ 3,750,000.00 $ 1,000.00 00000XXX0
A12 $ 37,265,800.00 $ 37,265,800.00 $ 1,000.00 00000XXX0
A13 $ 97,309,940.57 $ 96,519,883.31 $ 965.20 00000XXX0
A14 $ 8,297,969.00 $ 8,297,969.00 $ 1,000.00 00000XXX0
A15 $ 1,461,646.00 $ 1,461,646.00 $ 1,000.00 00000XXX0
A16 $ 120,469,066.34 $ 118,448,832.35 $ 930.12 00000XXX0
A17 $ 64,991,384.00 $ 64,991,384.00 $ 1,000.00 00000XXX0
A18 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 00000XXX0
A19 $ 10,000,000.00 $ 10,000,000.00 $ 1,000.00 00000XXX0
A20 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 00000XXX0
A21 $ 23,267,941.00 $ 23,267,941.00 $ 1,000.00 00000XXX0
A22 $ 21,395,308.51 $ 21,164,117.96 $ 958.47 00000XXX0
A23 $ 30,725,150.00 $ 30,725,150.00 $ 1,000.00 00000XXX0
A24 $ 41,100,541.49 $ 41,331,732.04 $ 1,022.69 00000XXX0
A25 $ 92,616,155.00 $ 92,616,155.00 $ 1,000.00 00000XXX0
A26 $ 605,000.00 $ 605,000.00 $ 1,000.00 00000XXX0
A27 $ 52,652,032.46 $ 51,841,620.50 $ 935.58 00000XXX0
A28 $ 52,390,300.00 $ 52,390,300.00 $ 1,000.00 00000XXX0
2A1 $ 41,248,980.17 $ 41,181,492.34 $ 980.51 00000XXX0
2A2 $ 9,018,000.00 $ 9,018,000.00 $ 1,000.00 00000XXX0
2A3 $ 2,003,967.00 $ 2,003,967.00 $ 1,000.00 00000XXX0
2A4 $ 9,017,699.00 $ 9,017,699.00 $ 1,000.00 00000XXX0
2A5 $ 7,234,946.00 $ 7,234,946.00 $ 1,000.00 00000XXX0
1S $ 718,881,856.83 $ 713,945,722.23 $ 944.04 GEC99151S
2S $ 71,591,134.39 $ 71,521,165.34 $ 988.55 GEC99152S
M $ 21,044,047.06 $ 21,026,774.43 $ 996.77 00000XXX0
B1 $ 7,515,802.35 $ 7,509,633.49 $ 996.77 00000XXX0
B2 $ 4,509,082.38 $ 4,505,381.39 $ 996.77 00000XXX0
B3 $ 5,009,869.84 $ 5,005,757.82 $ 996.77 00000X0X0
B4 $ 2,004,147.45 $ 2,002,502.48 $ 996.77 00000X0X0
B5 $ 2,507,770.57 $ 2,505,712.23 $ 996.77 00000X0X0
R $ 0.00 $ 0.00 $ 0.00 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 20 Principal Balance $ 5,391,215.67
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 253,612.25
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 2 Principal Balance $ 523,815.97
-------- -------------
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: $ 10,045,610.00
--------------
2. Bankruptcy Loss Amount: $ 358,194.00
--------------
3. Fraud Loss Amount: $ 10,045,610.00
--------------
4. Certificate Interest Rate of the Class S Certificate: %0.00000000
-----------
G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
----- ------- ------ --------------- -------
A19 $ 999.99 $ 0.00 $ 0.00 $ 999.99
