GE CAPITAL MORTGAGE SERVICES, INC. Exhibit #99.57 Home Equity Loan Pass-Through Certificates, Series 1996-HE3 EXHIBIT D SERVICER'S CERTIFICATE OCTOBER, 1996 Pursuant to the Pooling and Servicing Agreement dated as of September 1, 1996 (the...
GE CAPITAL MORTGAGE SERVICES, INC. Exhibit #99.57
Home Equity Loan Pass-Through Certificates,
Series 1996-HE3
EXHIBIT D
SERVICER'S CERTIFICATE
OCTOBER, 1996
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1996 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company"), and The First National Bank of Chicago (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 Monthly Payments Due: 1,117,988.12
---------------
(2) Aggregate Monthly Payments
received and Monthly Advances
made this Month:
(a) Principal 173,097.56
---------------
(b) Interest 957,450.13
---------------
(c) Total 1,130,547.69
---------------
(3) Aggregate Principal
Prepayments in part received
on Self-Amortizing Mortgage
Loans and applied in the
applicable Prepayment Period:
(a) Principal 16,271.96
---------------
(c) Total 16,271.96
---------------
(4) Aggregate Principal
Prepayments in full received
in the applicable Prepayment
period:
(a) Principal 572,279.60
---------------
(b) Interest 2,570.62
---------------
(c) Total 574,850.22
---------------
(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 Mortgage Loans:
(a) Principal 0.00
---------------
(b) Interest 0.00
---------------
(c) Total 0.00
---------------
(8) Aggregate Purchase Prices for
(and substitution adjustments)
for Defective Mortgage Loans:
(a) Principal 0.00
---------------
(b) Interest 0.00
---------------
(c) Total 0.00
---------------
(9) Aggregate Purchase Prices for
for Document Deficiencies per
Sec. 2.02
(a) Principal 0.00
---------------
(b) Interest 0.00
---------------
(c) Total 0.00
---------------
(10) Pool Principal Balance 117,558,697.52
---------------
(11) Available Funds: 1,671,731.34
---------------
(12) Realized Losses for
prior month: 0.00
---------------
(13) Aggregate Realized Losses:
0.00
---------------
(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
---------------
(14) Compensating Interest
Payment: 401.26
---------------
(15) Net Simple Interest
Shortfall: 0.00
---------------
(16) Net Simple Interest
Excess: 1,357.00
---------------
(17) Simple Interest Shortfall
Payment: 0.00
---------------
(18) Unpaid Net Simple Interest
Shortfall:
Class A1 00000XX00 0.00
------------- ---------------
Class A2 00000XX00 0.00
------------- ---------------
Class A3 00000XX00 0.00
------------- ---------------
Class A4 00000XX00 0.00
------------- ---------------
Class A5 00000XX00 0.00
------------- ---------------
Class S 36196HE3S 0.00
------------- ---------------
Class M 00000XX00 0.00
------------- ---------------
Class B1 00000XX00 0.00
------------- ---------------
Class B2 00000XX00 0.00
------------- ---------------
Class B3 00000XX00 0.00
------------- ---------------
Class B4 00000XX00 0.00
------------- ---------------
Class B5 00000XX00 0.00
------------- ---------------
(19) Class Certificate Interest
Rate:
Class A5 00000XX00 7.93%
------------- ---------------
Class M 00000XX00 8.25%
------------- ---------------
Class B1 00000XX00 8.25%
------------- ---------------
Class B2 00000XX00 8.25%
------------- ---------------
Class B3 00000XX00 8.25%
------------- ---------------
Class B4 00000XX00 8.25%
------------- ---------------
Class B5 00000XX00 8.25%
------------- ---------------
Class S 36196HE3S 2.00%
------------- ---------------
(20) Accrued Certificate Interest
and Pay-out Rate:
Class A1 00000XX00 218,015.71 6.950%
------------- --------------- ---------------
Class A2 00000XX00 70,623.58 6.950%
------------- --------------- ---------------
Class A3 00000XX00 144,489.58 7.150%
------------- --------------- ---------------
Class A4 00000XX00 142,589.25 7.485%
------------- --------------- ---------------
Class A5 00000XX00 72,058.06 7.925%
------------- --------------- ---------------
Class S 36196HE3S 195,620.62 2.00%
------------- --------------- ---------------
Class M 00000XX00 18,995.23 8.25%
------------- --------------- ---------------
Class B1 00000XX00 20,207.70 8.25%
------------- --------------- ---------------
Class B2 00000XX00 6,870.63 8.25%
------------- --------------- ---------------
Class B3 00000XX00 11,316.31 8.25%
------------- --------------- ---------------
Class B4 00000XX00 4,041.54 8.25%
------------- --------------- ---------------
Class B5 00000XX00 5,254.00 8.25%
------------- --------------- ---------------
Total 910,082.22
(21) Principal distributable:
Class A1 00000XX00 746,447.99
------------- ---------------
Class A2 00000XX00 0.00
------------- ---------------
Class A3 00000XX00 0.00
------------- ---------------
Class A4 00000XX00 0.00
------------- ---------------
Class A5 00000XX00 0.00
------------- ---------------
Class M 00000XX00 4,045.17
------------- ---------------
Class B1 00000XX00 4,303.37
------------- ---------------
Class B2 00000XX00 1,463.15
------------- ---------------
Class B3 00000XX00 2,409.89
------------- ---------------
Class B4 00000XX00 860.68
------------- ---------------
Class B5 00000XX00 1,118.88
------------- ---------------
Class R1 00000XX00 500.00
------------- ---------------
Class R2 00000XX00 500.00
------------- ---------------
Total 761,649.12
(22) Additional distributions to
the Class R1 Certificate
pursuant to Section 2.05 (d): 0.00
---------------
(23) Additional distributions to
the Class R2 Certificate
pursuant to Section 4.01 (b): 0.00
---------------
B. Other Amounts:
1. Senior Percentage for such
Distribution Date 91.748210%
---------------
2. Senior Prepayment Percentage
for such Distribution Date 100.00%
---------------
3. Junior Percentage for such
Distribution Date 8.251790%
---------------
4. Junior Prepayment Percentage
for such Distribution Date 0.00%
---------------
5. Subordinate Certfificate Writedown
Amount for such Distribution Date 0.00
6. Prepayment Distribution Triggers satisfied: Yes No
Class B1 X
----------------------------
Class B2 X
----------------------------
Class B3 X
----------------------------
Class B4 X
----------------------------
Class B5 X
----------------------------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By:/S/ Xxxxxxxxx X. Xxxxxx
-------------------------------------
Name: Xxxxxxxxx X. Xxxxxx
Title: Assistant Vice President
