Exhibit 99.46
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1998
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 % 7.347628
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Weighted average maturity 356.86
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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 $ 1000.00000000 $ 892.50000000 $ 5.90000000 %7.08000000
PO $ 0.98429117 $ 0.10543324 $ 0.00000000 %0.00000000
A1 $ 10.29897938 $ 9.19232611 $ 5.62500000 %6.75000000
A2 $ 15.00067474 $ 13.38881159 $ 5.62500000 %6.75000000
A3 $ 8.61562873 $ 7.68985600 $ 5.62500000 %6.75000000
A4 $ 7.75698520 $ 6.92347610 $ 5.62500000 %6.75000000
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 $ 4.96354173 %5.95625008
A11 $ 0.00000000 $ 0.00000000 $ 2.11979168 %2.54375002
A12 $ 3.53967451 $ 3.15932686 $ 5.04687501 %6.05625001
A13 $ 3.53967474 $ 3.15932707 $ 7.85491023 %9.42589227
A14 $ 5.06781275 $ 4.52326249 $ 5.62500000 %6.75000000
A15 $ 2.60997928 $ 2.32952994 $ 5.13020827 %6.15624992
A16 $ 4.42034135 $ 3.94536350 $ 7.53348128 %9.04017754
A17 $ 0.03308190 $ 0.02952771 $ 7.40841934 %8.89010321
A18 $ 0.03308305 $ 0.02952806 $ 7.70833309 %9.24999970
A19 $ 142.50115449 $ 132.20959705 $ 5.62500000 %6.75000000
A20 $ 0.00000000 $ 0.00000000 $ 5.38020836 %6.45625004
A21 $ 0.00000000 $ 0.00000000 $ 6.35937532 %7.63125038
A22 $ 0.00000000 $ 0.00000000 $ 5.33854177 %6.40625013
A23 $ 0.00000000 $ 0.00000000 $ 6.72991176 %8.07589411
A24 $ 0.00000000 $ 0.00000000 $ 5.62500013 %6.75000016
A25 $ 0.00000000 $ 0.00000000 $ 5.38020837 %6.45625005
A26 $ 0.00000000 $ 0.00000000 $ 6.35937609 %7.63125131
RL $ 1000.00000000 $ 892.50000000 $ 5.60000000 %6.72000000
M $ 0.77706595 $ 0.00000000 $ 5.62500000 %6.75000000
B1 $ 0.77706641 $ 0.00000000 $ 5.62500069 %6.75000083
B2 $ 0.77706680 $ 0.00000000 $ 5.62499877 %6.74999852
B3 $ 0.77706641 $ 0.00000000 $ 5.62499931 %6.74999917
B4 $ 0.77706600 $ 0.00000000 $ 5.62500277 %6.75000333
B5 $ 0.77706435 $ 0.00000000 $ 5.62499987 %6.74999984
2. Unanticipated Recoveries: $ 0.00
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B. Accrual Amount
1.
Accrual Amount
Class
A19 $ 107,628.75
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 64,286.79
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 895,333,592.37
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,695
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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 00000XXX0
PO $ 1,238,414.03 $ 1,237,195.07 $ 999.02 GEC9813PO
A1 $ 51,008,000.00 $ 50,482,669.66 $ 989.70 00000XXX0
A2 $ 29,552,000.00 $ 29,108,700.06 $ 985.00 00000XXX0
A3 $ 110,000,000.00 $ 109,052,280.84 $ 991.38 00000XXX0
A4 $ 100,000,000.00 $ 99,224,301.48 $ 992.24 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 $ 64,958,597.00 $ 64,728,664.71 $ 996.46 00000XXX0
A13 $ 16,841,118.00 $ 16,781,505.92 $ 996.46 00000XXX0
A14 $ 57,922,000.00 $ 57,628,462.15 $ 994.93 00000XXX0
A15 $ 75,604,991.00 $ 75,407,663.54 $ 997.39 00000XXX0
A16 $ 11,513,000.00 $ 11,462,108.61 $ 995.58 00000XXX0
A17 $ 4,715,570.00 $ 4,715,414.00 $ 999.97 00000XXX0
A18 $ 3,372,724.00 $ 3,372,612.42 $ 999.97 00000XXX0
A19 $ 19,134,000.00 $ 16,407,382.91 $ 857.50 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 $ 844,743,117.00 $ 838,519,679.26 $ 992.63 GE9813SUP
RL $ 100.00 $ 0.00 $ 0.00 00000XXX0
M $ 16,680,000.00 $ 16,667,038.54 $ 999.22 00000XXX0
B1 $ 7,213,000.00 $ 7,207,395.02 $ 999.22 00000XXX0
B2 $ 4,057,000.00 $ 4,053,847.44 $ 999.22 00000XXX0
B3 $ 3,606,500.00 $ 3,603,697.51 $ 999.22 00000XXX0
B4 $ 1,803,000.00 $ 1,801,598.95 $ 999.22 00000XXX0
B5 $ 2,705,155.62 $ 2,703,053.54 $ 999.22 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 0 Principal Balance $ 0.00
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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
-------- ---------------
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 % 5.95625008
A11 % 2.54375002
A12 % 6.05625001
A13 % 9.42589227
A15 % 6.15624992
A16 % 9.04017754
A17 % 8.89010321
A18 % 9.24999970
A20 % 6.45625004
A21 % 7.63125038
A22 % 6.40625013
A23 % 8.07589411
A25 % 6.45625005
A26 % 7.63125131
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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*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.
