Exhibit 99.20
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February 1998
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
$1,000:
i) The amount of such distribution allocable to principal:
Class 8-A1.....$ 0.70140872 Class 8-A15.....$ 356.00710113
Class 8-A2.....$ 27.33157658 Class 8-A16.....$ 69.16202056
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......$ 0.90038548
Class 8-A7.....$ 5.36253258 Class 8-M.......$ 0.70140834
Class 8-A8.....$ 54.25543473 Class 8-B1......$ 0.70140937
Class 8-A9.....$ 0.00000000 Class 8-B2......$ 0.70140729
Class 8-A10....$ 0.00000000 Class 8-B3......$ 0.70140862
Class 8-A11....$ 0.00000000 Class 8-B4......$ 0.70141014
Class 8-A12....$ 0.00000000 Class 8-B5......$ 0.70140819
Class 8-A13....$ 0.00000000 Class 8-R.......$ 69.20000000
Class 8-A14....$ 356.00710127 Class 8-RL......$ 0.00000690
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.....$ 0.69108371 Class 8-A14.....$ 350.76653599
Class 8-A2.....$ 26.92924497 Class 8-A15.....$ 350.76653585
Class 8-A3.....$ 0.00000000 Class 8-A16.....$ 68.14392827
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.....$ 5.28359398 Class 8-PO......$ 0.88713145
Class 8-A8.....$ 53.45677328 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.......$ 68.18134864
Class 8-RL......$ 0.00000680
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 8-A1.....$ 6.02458008 Class 8-A15.....$ 3.94042720
Class 8-A2.....$ 5.50236599 Class 8-A16.....$ 5.49155351
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.......$ 6.02458033
Class 8-A7.....$ 5.95891540 Class 8-B1......$ 6.02458097
Class 8-A8.....$ 5.60253727 Class 8-B2......$ 6.02457569
Class 8-A9.....$ 0.00000000 Class 8-B3......$ 6.02457702
Class 8-A10....$ 0.00000000 Class 8-B4......$ 6.02457097
Class 8-A11....$ 6.04166643 Class 8-B5......$ 6.02457360
Class 8-A12....$ 6.04166790 Class 8-R.......$ 5.40000000
Class 8-A13....$ 6.04166678 Class 8-RL......$ 5.40000000
Class 8-A14....$ 3.27614089 Class 8-S.......$ 0.52576264
iv) Accrual Amount:
Class 8-A9 Certificates $ 26,309.45
Class 8-A10 Certificates $ 72,603.18
v) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:.....$ 96,709.48
(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:.......$ 451,008,065.63
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:................. 1,504
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..................$ 18,497,481.42 $ 996.47
Class 8-A2..................$ 11,783,737.35 $ 883.40
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..................$ 97,695,807.93 $ 980.94
Class 8-A8..................$ 48,018,359.04 $ 873.06
Class 8-A9..................$ 4,380,976.72 $ 1,030.58
Class 8-A10.................$ 12,089,681.91 $ 1,030.58
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.................$ 5,821,899.32 $ 207.63
Class 8-A15.................$ 1,405,286.25 $ 207.63
Class 8-A16.................$ 65,354,485.26 $ 839.78
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..................$ 457,701.08 $ 992.19
Class 8-M...................$ 7,740,582.85 $ 996.47
Class 8-B1..................$ 4,744,196.06 $ 996.47
Class 8-B2..................$ 3,745,732.62 $ 996.47
Class 8-B3..................$ 2,497,155.07 $ 996.47
Class 8-B4..................$ 749,046.88 $ 996.47
Class 8-B5..................$ 1,747,851.89 $ 996.47
Class 8-R...................$ 41.99 $ 839.80
Class 8-RL..................$ 41.99 $ 839.80
Class 8-S...................$ 423,524,973.35 $ 894.51
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............................................$ 0.00
unpaid principal balance..............................$ 0.00
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 6 Principal Balance $ 1,405,537.67
(2) 60-89 days
Number 1 Principal Balance $ 217,537.91
(3) 90 days or more
Number 1 Principal Balance $ 344,523.58
(b) 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: .............6.975000%
Class 8-A15 Certificates: .............8.389285%
Class 8-S Certificates: ...............0.355191%
xiii) Senior Percentage for such Distribution Date:......... 95.50140500%
xiv) Category B Group I Senior Percentage for such Distribution
Date:.................................................. 89.39861400%
xv) Category B Group II Senior Percentage for such Distribution
Date: ................................................. 11.00000000%
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: ........ 4.49859500%
xix) Junior Prepayment Percentage for such Distribution Date: 0.00000000%
