GE CAPITAL MORTGAGE SERVICES, INC. DISTRIBUTION DATE STATEMENT JULY 1999 REMIC Home Equity Loan Pass-Through Certificates, Series 1999-HE2
Exhibit 99.30
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
JULY 1999
REMIC Home Equity Loan Pass-Through Certificates,
Series 1999-HE2
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1999
(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:
The amounts below are for a Single Certificate of $1,000:
(1) Amount of distribution allocable to principal:
Class A1 $46.32730207
-----
Class A2 $0.00000000
-----
Class A3 $0.00000000
-----
Class A4 $0.00000000
-----
Class A5 $0.00000000
-----
Class A6 $0.00000000
-----
Class M $0.95604421
-----
Class B1 $0.95604421
-----
Class B2 $0.95604421
-----
Class B3 $0.95604421
-----
Class B4 $0.95604421
-----
Class B5 $0.95604421
-----
Class R1 $500.00000000
-----
Class R2 $500.00000000
-----
(2) Aggregate principal prepayments included in distribution:
Class A1 $3,348,457.41
-----------
Class A2 $0.00000000
-----------
Class A3 $0.00000000
-----------
Class A4 $0.00000000
-----------
Class A5 $0.00000000
-----------
Class A6 $0.00000000
-----------
Class M $0.00000000
-----------
Class B1 $0.00000000
-----------
Class B2 $0.00000000
-----------
Class B3 $0.00000000
-----------
Class B4 $0.00000000
-----------
Class B5 $0.00000000
-----------
Class R1 $0.00000000
-----------
Class R2 $0.00000000
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(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 $5.31666667 6.380%
----------------------------
Class A2 $5.54583333 6.655%
----------------------------
Class A3 $5.68333333 6.820%
----------------------------
Class A4 $6.05833333 7.270%
----------------------------
Class A5 $6.25833333 7.510%
----------------------------
Class A6 $6.07916667 7.295%
----------------------------
Class S $1.76505002 2.12%
----------------------------
Class M $6.30000000 7.560%
----------------------------
Class B1 $6.58750000 7.905%
----------------------------
Class B2 $7.63750000 9.165%
----------------------------
Class B3 $7.63896750 9.167%
----------------------------
Class B4 $7.63896750 9.167%
----------------------------
Class B5 $7.63896750 9.167%
----------------------------
(4) Amount of distribution allocable to Unanticipated Recoveries:
Class A1 $0.00
----------
Class A2 $0.00
----------
Class A3 $0.00
----------
Class A4 $0.00
----------
Class A5 $0.00
----------
Class A6 $0.00
----------
Class M $0.00
----------
Class B1 $0.00
----------
Class B2 $0.00
----------
Class B3 $0.00
----------
Class B4 $0.00
----------
Class B5 $0.00
----------
Class R1 $0.00
----------
Class R2 $0.00
----------
(5) Servicing Compensation: $76,132.90
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The amounts below are for the aggregate of all Certificates:
(6) Pool Principal Balance; $272,015,350.23
-------------
number of Mortgage
Loans: 3,601
-------------
(7) Class Certificate Principal Balance (or Notional Principal
Balance) of each Class; Certificate Principal Balance (or
Notional Principal Balance) of Single Certificate of each Class:
Single
Certificate
Class Class Balance Balance
Class A1 $73,432,797.74 $953.67269793
--------------------------------
Class A2 $31,000,000.00 $1,000.00000000
--------------------------------
Class A3 $53,000,000.00 $1,000.00000000
--------------------------------
Class A4 $32,000,000.00 $1,000.00000000
--------------------------------
Class A5 $13,847,000.00 $1,000.00000000
--------------------------------
Class A6 $23,000,000.00 $1,000.00000000
--------------------------------
Class M $14,947,695.67 $999.04395579
--------------------------------
Class B1 $6,794,497.94 $999.04395579
--------------------------------
Class B2 $5,435,798.16 $999.04395579
--------------------------------
Class B3 $4,077,098.38 $999.04395579
--------------------------------
Class B4 $4,077,098.38 $999.04395579
--------------------------------
Class B5 $6,794,847.84 $999.04395579
--------------------------------
Class R1 $0.00 $0.00000000
--------------------------------
Class R2 $0.00 $0.00000000
--------------------------------
(8) Book value of real estate acquired on behalf of Certificate-
holders; number of $0.00
---
related Mortgage Loans: 0
---
(9) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $1,228,412.26
-----------
14
-----------
Two Payments Delinquent $84,145.17
-----------
2
-----------
Three or more Payments Delinquent $0.00
-----------
0
-----------
TOTAL $1,312,557.43
-----------
16
-----------
In foreclosure $96,745.91
-----------
1
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(10) Aggregate Scheduled Principal Balance and number of replaced
Mortgage Loans: $0.00
---
0
---
(11) 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
---
Class S $0.00
---
Class M $0.00
---
Class B1 $0.00
---
Class B2 $0.00
---
Class B3 $0.00
---
Class B4 $0.00
---
Class B5 $0.00
---
(12) Class Certificate Interest Rate of:
Class M 7.560%
----
Class B1 7.905%
----
Class B2 9.165%
----
Class B3 9.167%
----
Class B4 9.167%
----
Class B5 9.167%
----
Class S 2.12%
----
(13) Senior Percentage for such Distribution Date 84.498173%
----
(14) Senior Prepayment Percentage
for such Distribution Date 100.00%
----
(15) Junior Percentage for such
Distribution Date 15.501827%
----
(16) Junior Prepayment Percentage
for such Distribution Date 0.00%
----
(17) Class A6 Certificate Percentage
for such Distribution Date 10.006613%
----
(18) Class A6 Distribution Percentage
for such Distribution Date 0.00%
----
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Xxx Xxxx
------------------------------------
Name: Xxx Xxxx
Title: Vice President of Investor Operations
