Exhibit 99.12
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
JULY 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-5
Pursuant to the Pooling and Servicing Agreement dated as of May 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 $1,000:
i) The amount of such distribution allocable to principal:
Class 5-A1....$ 3.79582497 Class 5-M....$ 0.67362192
Class 5-A2....$ 0.00000000 Class 5-B1...$ 0.67362260
Class 5-A3....$ 0.00000000 Class 5-B2...$ 0.67362047
Class 5-A4....$ 0.00000000 Class 5-B3...$ 0.67362056
Class 5-A5....$ 0.67362198 Class 5-B4...$ 0.67362337
Class 5-A6....$ 0.00000000 Class 5-B5...$ 0.67361875
Class 5-A7....$ 101.53969810 Class 5-R....$ 0.00000000
Class 5-PO1...$ 0.77621392
Class 5-PO2...$ 0.98937635
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 5-A1....$ 2.79317472 Class 5-M....$ 0.00000000
Class 5-A2....$ 0.00000000 Class 5-B1...$ 0.00000000
Class 5-A3....$ 0.00000000 Class 5-B2...$ 0.00000000
Class 5-A4....$ 0.00000000 Class 5-B3...$ 0.00000000
Class 5-A5....$ 0.49568774 Class 5-B4...$ 0.00000000
Class 5-A6....$ 0.00000000 Class 5-B5...$ 0.00000000
Class 5-A7....$ 74.71843942 Class 5-R....$ 0.00000000
Class 5-PO1...$ 0.57118047
Class 5-PO2...$ 0.72803700
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 5-A1.... 6.20894457 Class 5-B1... 6.24583214
Class 5-A2.... 6.25000000 Class 5-B2... 6.24583333
Class 5-A3.... 6.25000000 Class 5-B3... 6.24583010
Class 5-A4.... 6.25000000 Class 5-B4... 6.24578875
Class 5-A5.... 6.24583239 Class 5-B5... 6.24581307
Class 5-A6.... 6.24802290 Class 5-R.... 0.00000000
Class 5-A7.... 5.21545238 Class 5-S1... 0.51367916
Class 5-M..... 6.24583282 Class 5-S2... 0.92648469
iv) The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 73,382.40
(b) The amounts below are for the aggregate of all Certificates.
v) 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:
$ 486,523,834.03
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above: 1,801
vi) 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 5-A1.........$ 30,866,274.43 $ 989.64
Class 5-A2.........$ 201,185,712.00 $ 1,000.00
Class 5-A3.........$ 6,100,000.00 $ 1,000.00
Class 5-A4.........$ 1,950,000.00 $ 1,000.00
Class 5-A5.........$ 9,919,526.31 $ 998.66
Class 5-A6.........$ 207,385,564.00 $ 999.68
Class 5-A7.........$ 7,695,792.53 $ 732.93
Class 5-PO1........$ 135,409.20 $ 998.45
Class 5-PO2........$ 498,680.64 $ 998.08
Class 5-M..........$ 7,336,543.37 $ 998.66
Class 5-B1.........$ 4,891,028.91 $ 998.66
Class 5-B2.........$ 3,668,272.19 $ 998.66
Class 5-B3.........$ 2,445,514.46 $ 998.66
Class 5-B4.........$ 733,654.24 $ 998.66
Class 5-B5.........$ 1,711,861.75 $ 998.66
Class 5-R..........$ 0.00 $ 0.00
Class 5-S1.........$ 131,945,136.89 $ 989.44
Class 5-S2.........$ 324,379,124.07 $ 994.55
vii) 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
viii)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 43 Principal Balance $ 12,326,776.98
(2) 60-89 days
Number 1 Principal Balance $ 272,800.00
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 0 Principal Balance $ 0.00
ix) The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to Section 2.03(b), and of any Modified Mortgage Loan
purchased pursuant to Section 3.01(c): .........$ 0.00
x) The Certificate Interest Rates, applicable to the Interest
Accrual Period relating to such Distribution Date:
Class 5-S1: ......................0.463069%
Class 5-S2: ......................0.340749%
1. Senior Percentage for such Distribution Date: 95.72960200%
2. Category A-Senior Percentage for such Distribution
Date: ....................................... 10.05160800%
3. Category B-Senior Percentage for such Distribution
Date: ....................................... 85.67799400%
4. Category A-Percentage for such Distribution
Date: ....................................... 10.50000000%
5. Category B-Percentage for such Distribution
Date: ....................................... 89.50000000%
6. Group I Senior Percentage for such Distribution
Date: ....................................... 52.38858600%
7. Category A-Group I Senior Percentage for such
Distribution Date: .......................... 8.01376800%
8. Category B-Group I Senior Percentage for such
Distribution Date: ......................... 44.37481800%
9. Group II Senior Percentage for such Distribution
Date: ....................................... 43.34101600%
10. Category A-Group II Senior Percentage for such
Distribution Date: ......................... 2.03784000%
11. Category B-Group II Senior Percentage for such
Distribution Date: ......................... 41.30317600%
12. Category B-Group I Scheduled Distribution
Percentage:................................. 85.67799400%
13. Category B-Group II Scheduled Distribution
Percentage:................................. 0.00000000%
14. Senior Prepayment Percentage for such Distribution
Date:....................................... 100.00000000%
15. Category A-Senior Prepayment Percentage
for such Distribution Date: ................ 10.50000000%
16. Category B-Senior Prepayment Percentage for
such Distribution Date: .................... 89.50000000%
17. Group I Senior Prepayment Percentage for such
Distribution Date: ......................... 100.00000000%
18. Category A-Group I Senior Prepayment Percentage for such
Distribution Date: ......................... 10.50000000%
19. Category B-Group I Senior Prepayment Percentage for such
Distribution Date: ......................... 89.50000000%
20. Group II Senior Prepayment Percentage for such
Distribution Date: ......................... 0.00000000%
21. Category A-Group II Senior Prepayment Percentage for such
Distribution Date: ......................... 0.00000000%
22. Category B-Group II Senior Prepayment Percentage for such
Distribution Date: ......................... 0.00000000%
23. Junior Percentage for such Distribution Date: 4.27039800%
24. Junior Prepayment Percentage for such Distribution
Date: ....................................... 0.00000000%
25. Subordinate Certificate Writedown Amount for such
Distribution Date: .......................... 0.00000000%
