Exhibit 99.20
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
NOVEMBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-8
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
$1,000:
i) The amount of such distribution allocable to principal:
Class 8-A1...$ 0.70460378 Class 8-A15...$ 112.72563123
Class 8-A2...$ 21.31249044 Class 8-A16...$ 23.15513891
Class 8-A3...$ 0.00000000 Class 8-A17...$ 0.00000000
Class 8-A4...$ 0.00000000 Class 8-A18...$ 0.00000000
Class 8-A5...$ 0.00000000 Class 8-A19...$ 0.00000000
Class 8-A6...$ 0.00000000 Class 8-PO....$ 4.09096055
Class 8-A7...$ 3.03602908 Class 8-M.....$ 0.70460350
Class 8-A8...$ 18.47411636 Class 8-B1....$ 0.70460407
Class 8-A9...$ 0.00000000 Class 8-B2....$ 0.70460495
Class 8-A10..$ 0.00000000 Class 8-B3....$ 0.70460495
Class 8-A11..$ 0.00000000 Class 8-B4....$ 0.70460290
Class 8-A12..$ 0.00000000 Class 8-B5....$ 0.70460082
Class 8-A13..$ 0.00000000 Class 8-R.....$ 23.20000000
Class 8-A14..$ 112.72563188 Class 8-RL....$ 0.00000231
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 8-A1...$ 0.67194279 Class 8-A14...$ 107.50038210
Class 8-A2...$ 20.32457772 Class 8-A15...$ 107.50038148
Class 8-A3...$ 0.00000000 Class 8-A16...$ 22.08181262
Class 8-A4...$ 0.00000000 Class 8-A17...$ 0.00000000
Class 8-A5...$ 0.00000000 Class 8-A18...$ 0.00000000
Class 8-A6...$ 0.00000000 Class 8-A19...$ 0.00000000
Class 8-A7...$ 2.89529791 Class 8-PO....$ 3.90132940
Class 8-A8...$ 17.61777277 Class 8-M.....$ 0.00000000
Class 8-A9...$ 0.00000000 Class 8-B1....$ 0.00000000
Class 8-A10..$ 0.00000000 Class 8-B2....$ 0.00000000
Class 8-A11..$ 0.00000000 Class 8-B3....$ 0.00000000
Class 8-A12..$ 0.00000000 Class 8-B4....$ 0.00000000
Class 8-A13..$ 0.00000000 Class 8-B5....$ 0.00000000
Class 8-R.....$ 22.12459423
Class 8-RL....$ 0.00000220
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 8-A1....$ 6.03743414 Class 8-A15...$ 7.25295990
Class 8-A2....$ 5.92506635 Class 8-A16...$ 5.97368011
Class 8-A3....$ 5.62500000 Class 8-A17...$ 5.93750000
Class 8-A4....$ 5.62500038 Class 8-A18...$ 0.05416667
Class 8-A5....$ 5.62500000 Class 8-A19...$ 0.05000000
Class 8-A6....$ 6.04166651 Class 8-M.....$ 6.03743435
Class 8-A7....$ 6.02802508 Class 8-B1....$ 6.03743541
Class 8-A8....$ 5.98598236 Class 8-B2....$ 6.03743549
Class 8-A9....$ 0.00000000 Class 8-B3....$ 6.03743416
Class 8-A10...$ 0.00000000 Class 8-B4....$ 6.03743515
Class 8-A11...$ 6.04166643 Class 8-B5....$ 6.03745242
Class 8-A12...$ 6.04166790 Class 8-R.....$ 6.00000000
Class 8-A13...$ 6.04166678 Class 8-RL....$ 6.00000000
Class 8-A14...$ 5.37083658 Class 8-S.....$ 0.57186232
iv) Accrual Amount:
Class 8-A9 Certificates $ 25,838.29
Class 8-A10 Certificates $ 71,302.99
v) The amount of servicing compensation received by the Company during
the month preceding the month of distribution: $ 107,474.86
(b) The amounts below are for the aggregate of all Certificates.
vi) 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: $ 490,333,603.56
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above: 1,619
vii) 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 8-A1....................$ 18,536,916.40 $ 998.59
Class 8-A2....................$ 12,797,277.88 $ 959.39
Class 8-A3....................$ 29,292,000.00 $ 1,000.00
Class 8-A4....................$ 13,131,000.00 $ 1,000.00
Class 8-A5....................$ 18,652,000.00 $ 1,000.00
Class 8-A6....................$ 21,902,000.00 $ 1,000.00
Class 8-A7....................$ 99,066,755.44 $ 994.71
Class 8-A8....................$ 53,477,003.73 $ 972.31
Class 8-A9....................$ 4,302,521.42 $ 1,012.12
Class 8-A10...................$ 11,873,177.78 $ 1,012.12
Class 8-A11...................$ 21,579,000.00 $ 1,000.00
Class 8-A12...................$ 4,212,068.52 $ 1,000.00
Class 8-A13...................$ 29,722,000.00 $ 1,000.00
Class 8-A14...................$ 23,464,092.50 $ 836.81
Class 8-A15...................$ 5,663,747.28 $ 836.81
Class 8-A16...................$ 75,145,162.44 $ 965.59
Class 8-A17...................$ 30,000,000.00 $ 1,000.00
Class 8-A18...................$ 30,000,000.00 $ 1,000.00
Class 8-A19...................$ 30,000,000.00 $ 1,000.00
Class 8-PO....................$ 459,037.87 $ 995.09
Class 8-M.....................$ 7,757,085.08 $ 998.59
Class 8-B1....................$ 4,754,310.26 $ 998.59
Class 8-B2....................$ 3,753,718.18 $ 998.59
Class 8-B3....................$ 2,502,478.78 $ 998.59
Class 8-B4....................$ 750,643.78 $ 998.59
Class 8-B5....................$ 1,751,578.18 $ 998.59
Class 8-R.....................$ 48.28 $ 965.60
Class 8-RL....................$ 48.28 $ 965.60
Class 8-S.....................$ 462,772,996.06 $ 977.40
viii)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.......................................$ 1,223,835.77
unpaid principal balance.........................$ 1,223,835.77
number of related mortgage loans................. 0
ix) 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 11 Principal Balance $ 3,338,885.97
(2) 60-89 days
Number 0 Principal Balance $ 0.00
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 0 Principal Balance $ 0.00
x) 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
xi) 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
xii) The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 8-A14 Certificates: 6.787500%
Class 8-A15 Certificates: 9.166070%
Class 8-S Certificates: ....... 0.365897%
xiii) Senior Percentage for such Distribution Date: .......... 95.71849400%
xiv) Category B Group I Senior Percentage for such
Distribution Date:...................................... 89.93309000%
xv) Category B Group II Senior Percentage for such Distribution
Date: ........................ .......................... 10.00000000%
xvi) Senior Prepayment Percentage for such Distribution Date:.100.00000000%
xvii)Category B Group I Senior Prepayment Percentage for such Distribution
Date:....................................................100.00000000%
xviii) Junior Percentage for such Distribution Date:.......... 4.28150600%
xix) Junior Prepayment Percentage for such Distribution Date:. 0.00000000%
