Exhibit 99.20
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
May, 1999
Series 1999-09, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (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 % 7.146664
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Weighted average maturity 355.09
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A. Amount 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
----- ----------- ----------- ----------- -----------
R $ 1000.00000000 $ 874.20000000 $ 5.60000000 %6.72000000
1PO $ 1.55225382 $ 0.67358768 $ 0.00000000 %0.00000000
2PO $ 1.11363619 $ 0.24361677 $ 0.00000000 %0.00000000
1A1 $ 5.09545955 $ 4.45427351 $ 5.08333330 %6.09999996
1A2 $ 0.00000000 $ 0.00000000 $ 5.08333344 %6.10000013
1A4 $ 10.57096761 $ 9.24077217 $ 5.41666673 %6.50000008
1A5 $ 393.54266185 $ 348.93848857 $ 5.62500120 %6.75000144
1A6 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
1A7 $ 0.00000000 $ 0.00000000 $ 5.62500416 %6.75000499
1A8 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
1A3 $ 0.00000000 $ 0.20681828 $ 6.94982926 %8.33979511
1A9 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
RL $ 1000.00000000 $ 874.20000000 $ 5.60000000 %6.72000000
1S $ 0.00000000 $ 0.00000000 $ 0.74105776 %0.88926932
2A1 $ 22.29231224 $ 21.31364245 $ 5.62500000 %6.75000000
2A2 $ 0.00000000 $ 0.00000000 $ 5.62500137 %6.75000164
2A3 $ 0.00000000 $ 0.00000000 $ 5.62500042 %6.75000050
2A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A5 $ 26.39409780 $ 25.23535260 $ 5.62500000 %6.75000000
2A6 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A7 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A8 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A9 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2S $ 0.00000000 $ 0.00000000 $ 0.74735701 %0.89682841
M $ 0.82409772 $ 0.82409772 $ 5.62500054 %6.75000065
B1 $ 0.82409792 $ 0.82409792 $ 5.62500000 %6.75000000
B2 $ 0.82409938 $ 0.82409938 $ 5.62500000 %6.75000000
B3 $ 0.82409816 $ 0.82409816 $ 5.62500000 %6.75000000
B4 $ 0.82409771 $ 0.82409771 $ 5.62500499 %6.75000598
B5 $ 0.82409418 $ 0.82409418 $ 5.62500150 %6.75000179
2. Unanticipated Recoveries: $ 0.00
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B. Accrual Amount
1.
Accrual Amount
Class
1A5 $ 23,371.88
1A3 $ 286,875.00
1A9 $ 27,472.50
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 26,220.81
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 496,567,521.35
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,498
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3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
----- ------- ----------------- ------- -----
R $ 100.00 $ 0.00 $ 0.00 00000XX00
1PO $ 2,915,567.00 $ 2,911,041.30 $ 998.45 GEC9991PO
2PO $ 529,356.00 $ 528,766.49 $ 998.89 GEC9992PO
1A1 $ 98,563,000.00 $ 98,060,776.22 $ 994.90 00000XX00
1A2 $ 32,000,000.00 $ 32,000,000.00 $ 1,000.00 00000XX00
1A4 $ 50,041,000.00 $ 49,512,018.21 $ 989.43 00000XX00
1A5 $ 4,155,000.00 $ 2,519,830.24 $ 606.46 00000XX00
1A6 $ 38,000,000.00 $ 38,000,000.00 $ 1,000.00 00000XX00
1A7 $ 1,203,000.00 $ 1,203,000.00 $ 1,000.00 00000XX00
1A8 $ 62,652,000.00 $ 62,652,000.00 $ 1,000.00 00000XX00
1A3 $ 71,103,000.00 $ 71,373,052.78 $ 1,003.80 00000XX00
1A9 $ 4,884,000.00 $ 4,911,472.50 $ 1,005.63 00000XX00
RL $ 100.00 $ 0.00 $ 0.00 00000XX00
1S $ 250,344,295.92 $ 248,392,722.70 $ 1,000.00 GEC9909S1
2A1 $ 38,400,000.00 $ 37,543,975.21 $ 977.71 00000XX00
2A2 $ 3,653,000.00 $ 3,653,000.00 $ 1,000.00 00000XX00
2A3 $ 12,039,000.00 $ 12,039,000.00 $ 1,000.00 00000XX00
2A4 $ 1,750,000.00 $ 1,750,000.00 $ 1,000.00 00000XX00
2A5 $ 50,000,000.00 $ 48,680,295.11 $ 973.61 00000XX00
2A6 $ 2,000,000.00 $ 2,000,000.00 $ 1,000.00 00000XX00
2A7 $ 2,600,000.00 $ 2,600,000.00 $ 1,000.00 00000XX00
2A8 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 00000XX00
2A9 $ 3,600,000.00 $ 3,600,000.00 $ 1,000.00 00000XX00
2S $ 92,959,531.53 $ 90,810,118.04 $ 1,000.00 XXX0000X0
M $ 9,271,000.00 $ 9,263,359.79 $ 999.18 00000XX00
B1 $ 3,758,000.00 $ 3,754,903.04 $ 999.18 00000XX00
B2 $ 2,254,000.00 $ 2,252,142.48 $ 999.18 00000XX00
B3 $ 2,506,000.00 $ 2,503,934.81 $ 999.18 00000XX00
B4 $ 1,003,000.00 $ 1,002,173.43 $ 999.18 00000XX00
B5 $ 1,253,813.00 $ 1,252,779.74 $ 999.18 00000XX00
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 2 Principal Balance $ 474,310.91
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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: % 0.88926932
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F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class 1A3_1 $ 0.00
Class 1A3_2 $ 0.00
Class 1A3_3 $ 150,163,776.22
Class 1A3_4 $ 112,164,018.21
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class 1A3_1 $ 20,103,000.00
Class 1A3_2 $ 51,270,052.78
Class 1A3_3 $ 0.00
Class 1A3_4 $ 0.00
*It has been the Company's experience that, with respect to the first
Distribution Date after the closing of a securitization containing a large
number of recently originated or acquired Mortgage Loans, the number of Mortgage
Loans 30-59 days delinquent may be inflated due to the borrowers sending monthly
payments to the wrong location or delays by the Company in inputting the
Mortgage Loans on its servicing system. It has also been the Company's
experience that for the majority of such Mortgage Loans the routing of
borrowers' monthly payments has corrected itself by the second Distribution
Date. However, the Company makes no assurances as to the level of delinquent
Mortgage Loans for future Distribution Dates.
