Exhibit 99.19
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
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:
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 ................................$ 332,481.05
(b) Interest .................................$ 2,942,151.10
(c) Total ....................................$ 3,274,632.15
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ................................$ 332,481.05
(b) Interest .................................$ 2,858,514.29
(c) Total ....................................$ 3,190,995.34
3. Aggregate Principal Prepayments in part received and applied in prior
month: .........................................$ 82,839.68
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ................................$ 21,171,134.05
(b) Interest .................................$ 125,718.90
(c) Total ....................................$ 21,296,852.95
5. Aggregate Insurance Proceeds (including purchases of Mortgage Loans by
primary mortgage insurers) for prior month:
(a) Principal ................................$ 0.00
(b) Interest .................................$ 0.00
(c) Total ....................................$ 0.00
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal ................................$ 0.00
(b) Interest .................................$ 0.00
(c) Total ....................................$ 0.00
7. Aggregate Purchase Prices for Defaulted and Modified Mortgage Loans:
(a) Principal ................................$ 0.00
(b) Interest .................................$ 0.00
(c) Total ....................................$ 0.00
8. Aggregate Purchase Prices ( and substitution adjustments) for
Defective Mortgage Loans:
(a) Principal ................................$ 0.00
(b) Interest .................................$ 0.00
(c) Total ....................................$ 0.00
9. Pool Scheduled Principal Balance: .............$ 451,008,065.63
10. Available Funds: ..............................$ 24,570,687.97
11. Realized Losses for prior month: ...............$ 0.00
12. Aggregate Realized Losses and Debt Service Reductions:
(a) Deficient Valuations: .......................$ 0.00
(b) Special Hazard Losses: ......................$ 0.00
(c) Fraud Losses: ...............................$ 0.00
(d) Excess Bankruptcy Losses: ...................$ 0.00
(e) Excess Special Hazard Losses: ...............$ 0.00
(f) Excess Fraud Losses: ........................$ 0.00
(g) Debt Service Reductions: ....................$ 0.00
13. Compensating Interest Payment: .................$ 11,599.51
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 8-A1........$ 111,834.28 $ 0.00 7.24999994%
Class 8-A2........$ 73,396.06 $ 0.00 7.25000008%
Class 8-A3........$ 164,767.50 $ 0.00 6.75000000%
Class 8-A4........$ 73,861.88 $ 0.00 6.75000046%
Class 8-A5........$ 104,917.50 $ 0.00 6.75000000%
Class 8-A6........$ 132,324.58 $ 0.00 7.24999982%
Class 8-A7 .......$ 593,472.22 $ 0.00 7.25000005%
Class 8-A8 .......$ 308,139.55 $ 0.00 7.25000005%
Class 8-A9 .......$ 0.00 $ 0.00 0.00000000%
Class 8-A10 ......$ 0.00 $ 0.00 0.00000000%
Class 8-A11 ......$ 130,373.12 $ 0.00 7.24999972%
Class 8-A12 ......$ 25,447.91 $ 0.00 7.24999887%
Class 8-A13 ......$ 179,570.42 $ 0.00 7.25000013%
Class 8-A14 ......$ 91,862.26 $ 0.00 6.97500032%
Class 8-A15 ......$ 26,669.69 $ 0.00 8.38928540%
Class 8-A16 ......$ 427,368.62 $ 0.00 7.25000008%
Class 8-A17 ......$ 178,125.00 $ 0.00 7.12500000%
Class 8-A18 ......$ 1,625.00 $ 0.00 0.06500000%
Class 8-A19 ......$ 1,500.00 $ 0.00 0.06000000%
Class 8-M.........$ 46,798.94 $ 0.00 7.25000005%
Class 8-B1........$ 28,683.03 $ 0.00 7.25000081%
Class 8-B2........$ 22,646.38 $ 0.00 7.24999446%
Class 8-B3........$ 15,097.59 $ 0.00 7.24999608%
Class 8-B4........$ 4,528.67 $ 0.00 7.24998874%
Class 8-B5........$ 10,567.36 $ 0.00 7.24999207%
Class 8-R.........$ 0.27 $ 0.00 7.12871287%
Class 8-RL........$ 0.27 $ 0.00 7.12871287%
Class 8-S.........$ 131,742.46 $ 0.00 0.35519098%
15. Accrual Amount:
Class A9 Certificate $ 26,309.45
Class A10 Certificate $ 72,603.18
16. Principal distributable:
Class 8-A1.....$ 13,020.25 Class 8-A15...$ 2,409,535.45
Class 8-A2.....$ 364,575.90 Class 8-A16...$ 5,382,389.01
Class 8-A3.....$ 0.00 Class 8-A17...$ 0.00
Class 8-A4.....$ 0.00 Class 8-A18...$ 0.00
Class 8-A5.....$ 0.00 Class 8-A19...$ 0.00
Class 8-A6.....$ 0.00 Class 8-PO....$ 415.35
Class 8-A7.....$ 534,076.07 Class 8-M.....$ 5,448.54
Class 8-A8.....$ 2,984,048.91 Class 8-B1....$ 3,339.41
Class 8-A9.....$ 0.00 Class 8-B2....$ 2,636.59
Class 8-A10....$ 0.00 Class 8-B3....$ 1,757.73
Class 8-A11....$ 0.00 Class 8-B4....$ 527.25
Class 8-A12....$ 0.00 Class 8-B5....$ 1,230.30
Class 8-A13....$ 0.00 Class 8-R.....$ 3.46
Class 8-A14....$ 9,982,359.73 Class 8-RL....$ 3.46
17. Additional distributions to the Class 8-R Certificate pursuant to
Sections 2.05(c) and 4.01(b):....................$ 0.00
18. Additional distributions to the Class 8-RL Certificate pursuant to
Sections 2.05(d):................................$ 0.00
19. Certificate Interest Rates of:
Class A14 Certificates:... 6.975000%
Class A15 Certificates:... 8.389285%
Class S Certificates:..... 0.355191%
20. Draw Amount:
Class A9 Certificate $ 0.00
21. Distributions of amounts in Reserve Fund to Senior Certificates (other
than the Class PO Certificates) and the Class S Certificates pursuant
to the second paragraph of Section 4.01 (g): :
Class A1 Certificates:....$ 0.00
Class A2 Certificates:....$ 0.00
Class A3 Certificates:....$ 0.00
Class A4 Certificates:....$ 0.00
Class A5 Certificates:....$ 0.00
Class A6 Certificates:....$ 0.00
Class A7 Certificates:....$ 0.00
Class A8 Certificates:....$ 0.00
Class A9 Certificates:....$ 0.00
Class A10 Certificates:...$ 0.00
Class A11 Certificates:...$ 0.00
Class A12 Certificates:...$ 0.00
Class A13 Certificates:...$ 0.00
Class A14 Certificates:...$ 0.00
Class A15 Certificates:...$ 0.00
Class A16 Certificates:...$ 0.00
Class A17 Certificates:...$ 0.00
Class A18 Certificates:...$ 0.00
Class A19 Certificates:...$ 0.00
Class R Certificates:.....$ 0.00
Class RL Certificates:....$ 0.00
Class S Certificates:.....$ 0.00
B. Other Amounts:
1. Senior Percentage for such Distribution Date: ............. 95.501405%
2. Category B-Group I Senior Percentage for such Distribution
Date: ..................................................... 89.398614%
3. Category B-Group II Senior Percentage for such Distribution
Date: ..................................................... 11.000000%
4. Senior Prepayment Percentage for such Distribution Date:... 100.000000%
5. Category B-Group I Senior Prepayment Percentage for
such Distribution Date: ................................... 100.000000%
6. Junior Percentage for such Distribution Date: ............. 4.498595%
7. Junior Prepayment Percentage for such Distribution Date: .. 0.000000%
8. Subordinate Certificate Writedown Amount for such
Distribution Date: ........................................$ 0.00
9. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 8-B1....... X
Class 8-B2....... X
Class 8-B3....... X
Class 8-B4....... X
Class 8-B5....... X
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Xxxxx Xxxxxxx
-----------------------------------
Name: Xxxxx Xxxxxxx
Title: Vice-President,
Investor Operations
