Exhibit 99.22
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
NOVEMBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-10
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1997 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
i) The amount of such distribution allocable to principal:
Class 10-A1....$ 12.90800100 Class 10-M.....$ 3.06897485
Class 10-A2....$ 30.85439795 Class 10-B1....$ 3.06898065
Class 10-A3....$ 20.63180440 Class 10-B2....$ 3.06898065
Class 10-A4....$ 0.00000000 Class 10-B3....$ 3.06896774
Class 10-A5....$ 0.00000000 Class 10-B4....$ 3.06896774
Class 10-A6....$ 3.06897512 Class 10-B5....$ 3.06899024
Class 10-PO....$ 7.12590740 Class 10-R.....$ 0.00000000
ii) Principal Prepayments included in the above principal distribution
(including the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to Section 2.02,
2.03 (b) or 3.16, respectively, and any amounts deposited pursuant to
Section 2.03(b) in connection with the substitution of any Mortgage
Loans pursuant to Section 2.02 or 2.03(a), the proceeds of which are
being distributed on such Distribution Date):
Class 10-A1....$ 9.84692302 Class 10-M.....$ 0.00000000
Class 10-A2....$ 23.53740765 Class 10-B1....$ 0.00000000
Class 10-A3....$ 15.73905903 Class 10-B2....$ 0.00000000
Class 10-A4....$ 0.00000000 Class 10-B3....$ 0.00000000
Class 10-A5....$ 0.00000000 Class 10-B4....$ 0.00000000
Class 10-A6....$ 2.34118062 Class 10-B5....$ 0.00000000
Class 10-PO....$ 5.43602852 Class 10-R.....$ 0.00000000
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 10-A1....$ 5.59277020 Class 10-B1....$ 5.60776774
Class 10-A2....$ 5.55286609 Class 10-B2....$ 5.60776774
Class 10-A3....$ 5.57676508 Class 10-B3....$ 5.60776344
Class 10-A4....$ 5.62499963 Class 10-B4....$ 5.60777419
Class 10-A5....$ 5.62499997 Class 10-B5....$ 5.60794774
Class 10-A6....$ 5.60776439 Class 10-R.....$ 0.00000000
Class 10-M.....$ 5.60776273 Class 10-S.....$ 0.00000000
iv) The amount of servicing compensation received by the Company during
the month preceding the month of distribution: $ 36,822.97
(b) The amounts below are for the aggregate of all Certificates.
v) The Pool Scheduled Principal Balances of each Mortgage Pool on the
preceding Due Date after giving effect to all distributions allocable
to principal made on such Distribution Date: $ 152,197,057.57
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above: 486
vi) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to (i) all distributions allocable to principal
made on such Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 10-A1...................$ 49,068,112.04 $ 981.36
Class 10-A2...................$ 19,402,812.21 $ 956.32
Class 10-A3...................$ 28,782,324.71 $ 970.79
Class 10-A4...................$ 10,052,742.00 $ 1,000.00
Class 10-A5...................$ 20,270,345.00 $ 1,000.00
Class 10-A6...................$ 20,374,272.16 $ 993.87
Class 10-PO...................$ 8,493.41 $ 992.84
Class 10-M....................$ 1,541,487.62 $ 993.87
Class 10-B1...................$ 770,246.87 $ 993.87
Class 10-B2...................$ 770,246.87 $ 993.87
Class 10-B3...................$ 462,148.13 $ 993.87
Class 10-B4...................$ 308,098.75 $ 993.87
Class 10-B5...................$ 385,727.80 $ 993.87
Class 10-R....................$ 0.00 $ 0.00
Class 10-S....................$ 151,510,418.07 $ 981.66
vii) The following pertains to any real estate acquired on behalf of
Certificateholders through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan:
book value.......................................$ 0.00
unpaid principal balance.........................$ 333,896.57
number of related mortgage loans................. 0
viii)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:
(a) delinquent
(1) 30-59 days
Number 2 Principal Balance $ 391,148.73
(2) 60-89 days
Number 1 Principal Balance $ 276,000.00
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 0 Principal Balance $ 0.00
ix) The Scheduled Principal Balance of any Mortgage Loan and number of
replaced pursuant to Section 2.03(b), and of any Modified Mortgage
Loan purchased pursuant to Section 3.01(c): $ 0.00 $ 0.00
x) The Scheduled Principal Balance of any Mortgage Loan and number of any
Modified Mortgage Loan purchased pursuant to Section 3.01(c):
$ 0.00 $ 0.00
xi) The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 6-S: ........................ 0.629918%
xii) Senior Percentage for such Distribution Date: .......... 97.24222700%
xiii) Category A-Senior Percentage for such Distribution Date: 32.25057700%
xiv) Category B-Senior Percentage for such Distribution Date: 64.99165000%
xv) Category A-Percentage for such Distribution Date: ...... 33.165198%
xvi) Category B-Percentage for such Distribution Date: ...... 66.834802%
xvii) Senior Prepayment Percentage for such Distribution Date:100.000000%
xviii)Cat. B. Group I Senior Percentage for such Distribution
Date: .................................................. 51.733463%
xix) Cat. B Group II Senior Percentage for such Distribution
Date: .................................................. 13.258187%
xx) Class A6 Percentage:.................................... 20.39983200%
xxi) Class A6 Prepayment Distribution Percentage:............ 0.0000000%
xxii) Junior Percentage for such Distribution Date: .......... 2.75777300%
xxii) Junior Prepayment Percentage for such Distribution Date: 0.00000000%
