Exhibit 99.40
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
December, 1999
Series 1999-18, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of September 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 % 7.420045
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Weighted average maturity 353.44
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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 $ 1.27552512 $ 0.40210708 $ 0.00000000 % 0.00000000
A1 $ 5.99543780 $ 4.32119780 $ 5.58042580 % 6.99999996
A2 $ 4.86049877 $ 3.50319342 $ 5.62830123 % 6.99999989
A3 $ 8.91056563 $ 6.42226930 $ 5.73027944 % 7.00000013
A4 $ 0.00000000 $ 0.00000000 $ 5.83333307 % 6.99999969
A5 $ 0.00000000 $ 0.00000000 $ 5.83333326 % 6.99999991
A6 $ 0.00000000 $ 0.00000000 $ 5.90158731 % 6.99999992
A7 $ 4.88857832 $ 3.52343144 $ 5.62711688 % 7.00000005
A8 $ 0.00000000 $ 0.00000000 $ 5.83333316 % 6.99999979
A9 $ 0.00000000 $ 0.00000000 $ 6.25000000 % 7.50000000
A10 $ 0.00000000 $ 0.00000000 $ 0.02500000 % 0.03000000
A11 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A12 $ 0.00000000 $ 0.00000000 $ 5.83333338 % 7.00000005
A13 $ 0.00000000 $ 0.00000000 $ 5.83333310 % 6.99999972
S $ 0.00000000 $ 0.00000000 $ 0.33586615 % 0.41084962
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
M $ 0.79333054 $ 0.00000000 $ 5.82425029 % 6.99999951
B1 $ 0.79333157 $ 0.00000000 $ 5.82425126 % 7.00000068
B2 $ 0.79333002 $ 0.00000000 $ 5.82424950 % 6.99999856
B3 $ 0.79333201 $ 0.00000000 $ 5.82425050 % 6.99999978
B4 $ 0.79333002 $ 0.00000000 $ 5.82425447 % 7.00000457
B5 $ 0.79333411 $ 0.00000000 $ 5.82424845 % 6.99999730
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2. Unanticipated Recoveries: $ 0.00
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B. Accrual Amount
1.
Accrual Amount
Class
A6 $ 158,162.54
2. The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 101,136.82
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 491,972,693.38
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,490
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3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
----- ------- ----------------- ------- -----
PO $ 6,251,788.03 $ 6,243,721.34 $ 987.27 GEC9918PO
A1 $ 95,664,442.78 $ 95,064,899.00 $ 950.65 00000X0X0
A2 $ 23,445,895.23 $ 23,327,785.10 $ 959.99 00000X0X0
A3 $ 17,436,421.39 $ 17,278,258.85 $ 973.42 00000X0X0
A4 $ 12,772,000.00 $ 12,772,000.00 $ 1,000.00 00000X0X0
A5 $ 45,520,000.00 $ 45,520,000.00 $ 1,000.00 00000X0X0
A6 $ 27,113,578.61 $ 27,271,741.15 $ 1,017.60 00000X0X0
A7 $ 120,581,075.21 $ 119,970,002.92 $ 959.76 00000X0X0
A8 $ 9,485,714.00 $ 9,485,714.00 $ 1,000.00 00000X0X0
A9 $ 20,000,000.00 $ 20,000,000.00 $ 1,000.00 00000X0X0
A10 $ 20,000,000.00 $ 20,000,000.00 $ 1,000.00 00000X0X0
A11 $ 1,514,286.00 $ 1,514,286.00 $ 1,000.00 00000X0X0
A12 $ 78,950,000.00 $ 78,950,000.00 $ 1,000.00 00000X0X0
A13 $ 14,500,000.00 $ 14,500,000.00 $ 1,000.00 00000X0X0
S $ 306,707,575.37 $ 305,574,774.59 $ 977.37 GEC99018S
RL $ 0.00 $ 0.00 $ 0.00 00000X0X0
M $ 9,542,119.52 $ 9,534,537.66 $ 997.65 00000X0X0
B1 $ 3,767,125.35 $ 3,764,132.11 $ 997.65 00000X0X0
B2 $ 2,008,867.27 $ 2,007,271.09 $ 997.65 00000X0X0
B3 $ 2,511,084.08 $ 2,509,088.86 $ 997.65 00000XXX0
B4 $ 1,004,433.63 $ 1,003,635.54 $ 997.65 00000XXX0
B5 $ 1,256,614.77 $ 1,255,616.30 $ 997.65 00000XXX0
R $ 0.00 $ 0.00 $ 0.00 00000X0X0
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 14 Principal Balance $ 4,713,212.17
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2. 60-89 days
Number 3 Principal Balance $ 857,320.05
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3. 90 days or more
Number 0 Principal Balance $ 0.00
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4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
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
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E. Other Information:
1. Special Hazard Loss Amount: $ 5,030,380.00
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2. Bankruptcy Loss Amount: $ 192,469.00
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3. Fraud Loss Amount: $ 5,030,380.00
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4. Certificate Interest Rate of the Class S Certificate:%0.00000000
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G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
----- ------- ------ --------------- -------
A9 $ 999.99 $ 0.00 $ 0.00 $ 999.99
