GE CAPITAL MORTGAGE SERVICES, INC. SERVICER'S CERTIFICATE May, 1998 Series 1998-08A, REMIC Multi-Class Pass-Through Certificates
Exhibit 99.19
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
May, 1998
Series 1998-08A, 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:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 389,905.91
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(b) Interest $ 3,097,307.66
---------------
(c) Total $ 3,487,213.57
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 355,030.72
---------------
(b) Interest $ 2,816,866.53
---------------
(c) Total $ 3,171,897.25
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 34,875.19
---------------
(b) Interest $ 280,441.13
---------------
(c) Total $ 315,316.32
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 140,205.82
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 699,462.92
---------------
(b) Interest $ 2,695.45
---------------
(c) Total $ 702,158.37
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 499,516,069.68
---------------
13. Available Funds: $ 4,043,293.36
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------------
17. Compensating Interest Payment: $ 1,270.29
------------------------
18. Total interest payments: $ 2,813,718.71
------------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
----- -------- ---------- ------- ------------
1PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 1,125,000.00 $ 0.00 $ 1,125,000.00 % 6.750000000
1A2 $ 16,875.00 $ 0.00 $ 16,875.00 % 6.750000000
1A3 $ 1,254,375.00 $ 0.00 $ 1,254,375.00 % 6.750000000
1A4 $ 134,628.27 $ 0.00 $ 134,628.27 % 6.750000188
1A5 $ 163,125.00 $ 0.00 $ 163,125.00 % 6.750000000
1R $ 0.56 $ 0.00 $ 0.56 % 6.720000000
1M $ 59,152.50 $ 0.00 $ 59,152.50 % 6.750000000
1B1 $ 22,533.75 $ 0.00 $ 22,533.75 % 6.750000000
1B2 $ 12,673.13 $ 0.00 $ 12,673.13 % 6.750002663
1B3 $ 11,266.88 $ 0.00 $ 11,266.88 % 6.750002996
1B4 $ 5,636.25 $ 0.00 $ 5,636.25 % 6.750000000
1B5 $ 8,452.37 $ 0.00 $ 8,452.37 % 6.749997869
20. Principal Distribution Amount: $ 1,229,574.65
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
Class 1PO $ 524.17 $ 0.00
Class 1A1 $ 506,325.30 $ 0.00
Class 1A2 $ 11,296.91 $ 0.00
Class 1A3 $ 694,759.83 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 100.00 $ 0.00
Class 1M $ 8,186.66 $ 0.00
Class 1B1 $ 3,118.65 $ 0.00
Class 1B2 $ 1,753.95 $ 0.00
Class 1B3 $ 1,559.33 $ 0.00
Class 1B4 $ 780.05 $ 0.00
Class 1B5 $ 1,169.80 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
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23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
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24. Subordinate Certificate Writedown Amount: $ 0.00
-----------
Accumulative
Class Supported Shortfall Supported Shortfall
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
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B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 28,697.46
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3. Supplemental Servicing Fee amount: $ 182,250.56
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4. Credit Losses for prior month: $ 0.00
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Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
----- ----- --------- --------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----- ----- --------- --------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----- ----- --------- --------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
----- ----- --------- --------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----- ----- --------- --------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----- ----- --------- --------
11. Junior Percentage: % N/A
-----
12. Junior Prepayment Percentage:
% N/A
-----
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Xxxx Xxxxxxx
-------------------------------
Name: Xxxx Xxxxxxx
Title: Vice President,
Escrow Operations
