Exhibit 99.46
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 1999
Series 1998-13, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of August 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:
Weighted average coupon % 7.338315
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Weighted average maturity 352.96
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X. Xxxxxx 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 $ 0.00000000 $ 0.00000000 $ 0.20000000 %0.00000000
PO $ 0.98420235 $ 0.08267025 $ 0.00000000 %0.00000000
A1 $ 16.34228415 $ 15.26590104 $ 5.15355885 %6.75000001
A2 $ 23.80287256 $ 22.23509847 $ 4.93833615 %6.74999984
A3 $ 13.67116573 $ 12.77071555 $ 5.23061509 %6.74999999
A4 $ 12.30868160 $ 11.49797140 $ 5.26991990 %6.74999994
A5 $ 0.00000000 $ 0.00000000 $ 5.62500023 %6.75000027
A6 $ 0.00000000 $ 0.00000000 $ 5.20833329 %6.24999995
A7 $ 0.00000000 $ 0.00000000 $ 5.20833350 %6.25000020
A8 $ 0.00000000 $ 0.00000000 $ 5.20833333 %6.25000000
A9 $ 0.00000000 $ 0.00000000 $ 5.20833324 %6.24999989
A10 $ 0.00000000 $ 0.00000000 $ 4.98958329 %5.98749995
A11 $ 0.00000000 $ 0.00000000 $ 2.09375012 %2.51250015
A12 $ 24.03324459 $ 22.45029707 $ 4.86082420 %6.08750004
A13 $ 24.03324471 $ 22.45029695 $ 7.43025849 %9.30535585
A14 $ 13.70075515 $ 12.79835607 $ 5.41162771 %6.75000009
A15 $ 30.31936794 $ 28.32238536 $ 4.92851471 %6.18749996
A16 $ 3.58431252 $ 3.34823243 $ 7.34683749 %8.91964269
A17 $ 68.37445102 $ 63.87097212 $ 6.58106019 %8.68335732
A18 $ 68.37445044 $ 63.87097195 $ 7.01051435 %9.24999915
A19 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A20 $ 0.00000000 $ 0.00000000 $ 5.40625008 %6.48750009
A21 $ 0.00000000 $ 0.00000000 $ 6.28125018 %7.53750021
A22 $ 0.00000000 $ 0.00000000 $ 5.36458325 %6.43749991
A23 $ 0.00000000 $ 0.00000000 $ 6.62946465 %7.95535758
A24 $ 0.00000000 $ 0.00000000 $ 5.62500013 %6.75000016
A25 $ 0.00000000 $ 0.00000000 $ 5.40625033 %6.48750039
A26 $ 0.00000000 $ 0.00000000 $ 6.28125023 %7.53750027
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
M $ 0.80053417 $ 0.00000000 $ 5.60741247 %6.74999997
B1 $ 0.80053514 $ 0.00000000 $ 5.60741300 %6.75000061
B2 $ 0.80053488 $ 0.00000000 $ 5.60741188 %6.74999926
B3 $ 0.80053514 $ 0.00000000 $ 5.60741162 %6.74999895
B4 $ 0.80053245 $ 0.00000000 $ 5.60740987 %6.74999684
B5 $ 0.80053435 $ 0.00000000 $ 5.60741123 %6.74999847
2. Unanticipated Recoveries: $ 0.00
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B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 192,455.98
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 840,683,780.71
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,556
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3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 00000XXX0
PO $ 1,233,358.50 $ 1,232,139.66 $ 994.93 GEC9813PO
A1 $ 46,732,929.69 $ 45,899,342.45 $ 899.85 00000XXX0
A2 $ 25,944,482.41 $ 25,241,059.92 $ 854.12 00000XXX0
A3 $ 102,287,584.10 $ 100,783,755.87 $ 916.22 00000XXX0
A4 $ 93,687,465.77 $ 92,456,597.61 $ 924.57 00000XXX0
A5 $ 21,901,000.00 $ 21,901,000.00 $ 1,000.00 00000XXX0
A6 $ 40,997,000.00 $ 40,997,000.00 $ 1,000.00 00000XXX0
A7 $ 20,000,000.00 $ 20,000,000.00 $ 1,000.00 00000XXX0
A8 $ 30,000,000.00 $ 30,000,000.00 $ 1,000.00 00000XXX0
A9 $ 32,615,223.00 $ 32,615,223.00 $ 1,000.00 00000XXX0
A10 $ 35,317,777.00 $ 35,317,777.00 $ 1,000.00 00000XXX0
A11 $ 35,317,777.00 $ 35,317,777.00 $ 1,000.00 00000XXX0
A12 $ 62,242,756.73 $ 60,681,590.88 $ 934.16 00000XXX0
A13 $ 16,137,011.25 $ 15,732,264.55 $ 934.16 00000XXX0
A14 $ 55,724,852.57 $ 54,931,277.43 $ 948.37 00000XXX0
A15 $ 72,265,757.50 $ 69,973,461.96 $ 925.51 00000XXX0
A16 $ 11,379,488.12 $ 11,338,221.93 $ 984.82 00000XXX0
A17 $ 4,288,679.90 $ 3,966,255.40 $ 841.10 00000XXX0
A18 $ 3,067,398.77 $ 2,836,790.62 $ 841.10 00000XXX0
A19 $ 0.00 $ 0.00 $ 0.00 00000XXX0
A20 $ 36,642,750.00 $ 36,642,750.00 $ 1,000.00 00000XXX0
A21 $ 12,214,250.00 $ 12,214,250.00 $ 1,000.00 00000XXX0
A22 $ 27,794,118.00 $ 27,794,118.00 $ 1,000.00 00000XXX0
A23 $ 7,205,882.00 $ 7,205,882.00 $ 1,000.00 00000XXX0
A24 $ 38,395,000.00 $ 38,395,000.00 $ 1,000.00 00000XXX0
A25 $ 12,453,750.00 $ 12,453,750.00 $ 1,000.00 00000XXX0
A26 $ 4,151,250.00 $ 4,151,250.00 $ 1,000.00 00000XXX0
SUP $ 793,984,402.11 $ 784,092,532.77 $ 928.20 GE9813SUP
RL $ 0.00 $ 0.00 $ 0.00 00000XXX0
M $ 16,627,847.19 $ 16,614,494.28 $ 996.07 00000XXX0
B1 $ 7,190,447.35 $ 7,184,673.09 $ 996.07 00000XXX0
B2 $ 4,044,315.11 $ 4,041,067.34 $ 996.07 00000XXX0
B3 $ 3,595,223.67 $ 3,592,336.55 $ 996.07 00000XXX0
B4 $ 1,797,362.62 $ 1,795,919.26 $ 996.07 00000XXX0
B5 $ 2,696,697.50 $ 2,694,531.93 $ 996.07 00000XXX0
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 11 Principal Balance $ 3,532,954.02
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2. 60-89 days
Number 2 Principal Balance $ 509,102.85
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3. 90 days or more
Number 1 Principal Balance $ 235,798.38
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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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7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A10 % 5.98749995
A11 % 2.51250015
A12 % 6.08750004
A13 % 9.30535585
A15 % 6.18749996
A16 % 8.91964269
A17 % 8.68335732
A18 % 9.24999915
A20 % 6.48750009
A21 % 7.53750021
A22 % 6.43749991
A23 % 7.95535758
A25 % 6.48750039
A26 % 7.53750027
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: % 0.00000000
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