Exhibit 99.22
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-08B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1998 (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 % 7.412522
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Weighted average maturity 348.90
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X. Xxxxxx 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
----- ----------- ----------- ----------- -----------
2PO $ 1.14999441 $ 0.24756824 $ 0.00000000 % 0.00000000
2A1 $ 31.86476846 $ 30.43427408 $ 4.07030965 % 6.75000000
2A2 $ 0.00000000 $ 0.00000000 $ 5.83333355 % 7.00000026
2A3 $ 0.00000000 $ 0.00000000 $ 5.83333200 % 6.99999840
2A4 $ 0.00000000 $ 0.00000000 $ 5.83333455 % 7.00000145
2A5 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
2A6 $ 0.00000000 $ 0.00000000 $ 5.83333430 % 7.00000116
2A7 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A8 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A9 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A10 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A11 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A12 $ 0.00000000 $ 0.00000000 $ 5.16666695 % 6.20000034
2A13 $ 0.00000000 $ 0.00000000 $ 5.16666700 % 6.20000040
2A14 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2M $ 0.80529825 $ 0.00000000 $ 5.59013450 % 6.74999994
2B1 $ 0.80529579 $ 0.00000000 $ 5.59013542 % 6.75000107
2B2 $ 0.80529915 $ 0.00000000 $ 5.59012821 % 6.74999236
2B3 $ 0.80529915 $ 0.00000000 $ 5.59012821 % 6.74999236
2B4 $ 0.80528571 $ 0.00000000 $ 5.59014286 % 6.75001011
2B5 $ 0.80529609 $ 0.00000000 $ 5.59013566 % 6.75000133
2. Unanticipated Recoveries: $ 0.00
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B. Accrual Amount
.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 34,552.32
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 149,954,977.78
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 481
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3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
----- ------- ----------------- ------- -----
2PO $ 62,054.01 $ 61,982.01 $ 989.99 GEC9882PO
2A1 $ 59,589,048.87 $ 56,964,997.71 $ 691.75 00000XXX0
2A2 $ 15,125,000.00 $ 15,125,000.00 $ 1,000.00 00000XXX0
2A3 $ 2,500,000.00 $ 2,500,000.00 $ 1,000.00 00000XXX0
2A4 $ 2,750,000.00 $ 2,750,000.00 $ 1,000.00 00000XXX0
2A5 $ 4,125,000.00 $ 4,125,000.00 $ 1,000.00 00000XXX0
2A6 $ 4,321,969.00 $ 4,321,969.00 $ 1,000.00 00000XXX0
2A7 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 00000XXX0
2A8 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 00000XXX0
2A9 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 00000XXX0
2A10 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 00000XXX0
2A11 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 00000XXX0
2A12 $ 11,339,531.00 $ 11,339,531.00 $ 1,000.00 00000XXX0
2A13 $ 10,000,000.00 $ 10,000,000.00 $ 1,000.00 00000XXX0
2A14 $ 17,500,000.00 $ 17,500,000.00 $ 1,000.00 00000XXX0
SUP2 $ 148,222,522.77 $ 145,597,828.45 $ 851.51 GE988SUP2
2R $ 0.00 $ 0.00 $ 0.00 00000XXX0
2M $ 3,398,801.81 $ 3,396,047.69 $ 993.00 00000XXX0
2B1 $ 1,394,303.78 $ 1,393,173.95 $ 993.00 00000XXX0
2B2 $ 697,648.79 $ 697,083.47 $ 993.00 00000XXX0
2B3 $ 697,648.79 $ 697,083.47 $ 993.00 00000XXX0
2B4 $ 347,830.59 $ 347,548.74 $ 993.00 00000XXX0
2B5 $ 611,055.88 $ 610,560.73 $ 993.00 00000XXX0
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 0 Principal Balance $ 0.00
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2. 60-89 days
Number 0 Principal Balance $ 0.00
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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
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5. Real Estate Owned
Number 0 Principal Balance $ 0.00
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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: $ 0.00
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2. Bankruptcy Loss Amount: $ 0.00
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3. Fraud Loss Amount: $ 0.00
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4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
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