GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT 99.15 Home Equity Loan Pass-Through Certificates, Series 1995-HE1 SERVICER'S CERTIFICATE SEPTEMBER, 1996 Pursuant to the Pooling and Servicing Agreement dated as of September 1, 1995 (the "Agreement") between...
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT 99.15
Home Equity Loan Pass-Through Certificates,
Series 1995-HE1
SERVICER'S CERTIFICATE
SEPTEMBER, 1996
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1995 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company"), and The First National Bank of Chicago (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
POOL ONE POOL TWO
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(1) Aggregate Monthly Payments Due: 1,086,380.78 334,121.29
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(2) Aggregate Monthly Payments
received and Monthly Advances
made this Month:
(a) Principal 469,304.20 241,981.17
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(b) Interest 831,312.21 299,660.01
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(c) Total 1,300,616.41 541,641.18
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(3) Aggregate Principal
Prepayments in part received
on Self- Amortizing Mortgage
Loans and applied in the
applicable Prepayment Period:
(a) Principal 17,706.73 1,704.08
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(c) Total 17,706.73 1,704.08
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(4) Aggregate Principal
Prepayments in full received
in the applicable Prepayment
period:
(a) Principal 1,443,590.42 413,071.19
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(b) Interest 15,003.64 5,034.31
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(c) Total 1,458,594.06 418,105.50
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(5) Aggregate Insurance Proceeds
(including purchases of
Mortgage Loans by primary
mortgage insurers) for prior
month:
(a) Principal 0.00 0.00
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(b) Interest 0.00 0.00
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(c) Total 0.00 0.00
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(6) Aggregate Liquidation Proceeds
for prior month:
(a) Principal 0.00 0.00
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(b) Interest 0.00 0.00
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(c) Total 0.00 0.00
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(7) Aggregate Purchase Prices for
Defaulted Mortgage Loans:
(a) Principal 238,403.12 0.00
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(b) Interest 10,086.64 0.00
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(c) Total 248,489.76 0.00
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(8) Aggregate Purchase Prices for
(and substitution adjustments)
for Defective Mortgage Loans:
(a) Principal 0.00 0.00
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(b) Interest 0.00 0.00
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(c) Total 0.00 0.00
--------------- ---------------
(9) Aggregate Purchase Prices for
for Liquidating Loans:
(a) Principal 0.00 0.00
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(b) Interest 0.00 0.00
--------------- ---------------
(c) Total 0.00 0.00
--------------- ---------------
(10) Aggregate Purchase Prices for
for Document Deficiencies per
Sec. 2.02
(a) Principal 78,849.61 0.00
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(b) Interest 757.49 0.00
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(c) Total 79,607.10 0.00
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(11) Pool Principal Balance 106,329,898.62 39,979,409.13
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(12) Special Repurchase Amount 0.00
---------------
(13) Repurchase Premium:
Class A1 0.00
---------------
Class A2 0.00
---------------
Class A3 0.00
---------------
Class A4 0.00
---------------
Class A5 0.00
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(14) Available Funds: 3,060,617.87 949,799.08
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(15) Realized Losses for
prior month: 166,568.46 0.00
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(16) Aggregate Realized
Losses: 166,568.46 0.00
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(17) Compensating Interest
Payment: 1,086.22 589.73
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(18) Net Simple Interest
Shortfall: 0.00 0.00
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(19) Net Simple Interest
Excess: 0.00 0.00
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(20) Simple Interest Shortfall
Payment: 0.00 0.00
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(21) Unpaid Net Simple Interest
Shortfall:
Class A1 0.00
---------------
Class A2 0.00
---------------
Class A3 0.00
---------------
Class A4 0.00
---------------
Class A5 0.00
---------------
Class A6 0.00
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(22) Class Certificate Interest
Rate:
Class 1S 2.078728%
---------------
Class 2S 1.295807%
---------------
(23) Maximum Amount: 14,990,525.00
---------------
(24) Amount Available: 13,626,088.39
---------------
(25) Accrued Certificate Interest
and Pay-out Rate:
Class A1 127,337.02 7.00%
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Class A2 202,112.50 6.90%
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Class A3 103,541.67 7.00%
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Class A4 90,185.42 7.30%
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Class A5 105,394.71 7.54%
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Class A6 249,871.31 7.50%
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Class 1S 184,192.47 2.08%
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Class 2S 43,171.33 1.30%
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Total 1,105,806.42
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(26) Principal distributable:
Class A1 2,247,854.08
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Class A2 0.00
---------------
Class A3 0.00
---------------
Class A4 0.00
---------------
Class A5 0.00
---------------
Class A6 656,756.44
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Class R 0.00
---------------
Class RL 0.00
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Total 2,904,610.52
(27) Additional distributions to
the Class R Certificate
pursuant to Section 4.01 (c): 0.00 0.00
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(28) Additional distributions to
the Class RL Certificate
pursuant to Section 2.05 (d): 0.00 0.00
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Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By:/S/Xxxxxx X. Xxxxxxx
---------------------------------------------
Name: Xxxxxx X. Xxxxxxx
Title: Vice President
