Exhibit 99.18
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
OCTOBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-7
Pursuant to the Pooling and Servicing Agreement dated as of July 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) The amounts below are for a Single Certificate of $1,000:
i) The amount of such distribution allocable to principal:
Class 7-A1....$ 14.00103611 Class 7-A11...$ 0.00000000
Class 7-A2....$ 14.00103627 Class 7-A12...$ 0.00000000
Class 7-A3....$ 14.00104546 Class 7-PO....$ 0.88126283
Class 7-A4....$ 9.47485007 Class 7-M.....$ 0.67356162
Class 7-A5....$ 8.81775537 Class 7-B1....$ 0.67356257
Class 7-A6....$ 0.00000000 Class 7-B2....$ 0.67355984
Class 7-A7....$ 10.29495455 Class 7-B3....$ 0.67355971
Class 7-A8....$ 0.00000000 Class 7-B4....$ 0.67356468
Class 7-A9....$ 0.00000000 Class 7-B5....$ 0.67356506
Class 7-A10...$ 0.00000000 Class 7-R.....$ 0.00000000
ii) Principal Prepayments included in the above principal distribution
(including the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to Section 2.02,
2.03(b) or 3.16, respectively, and any amounts deposited pursuant to
Section 2.03(b) in connection with the substitution of any Mortgage
Loans pursuant to Section 2.02 or 2.03(a), the proceeds of which are
being distributed on such Distribution Date):
Class 7-A1....$ 13.00956216 Class 7-A8....$ 0.00000000
Class 7-A2....$ 13.00956231 Class 7-A9....$ 0.00000000
Class 7-A3....$ 13.00957085 Class 7-10....$ 0.00000000
Class 7-A4....$ 8.80389494 Class 7-11....$ 0.00000000
Class 7-A5....$ 8.19333196 Class 7-12....$ 0.00000000
Class 7-A6....$ 0.00000000 Class 7-PO....$ 0.81885680
Class 7-A7....$ 9.56592427 Class 7-M.....$ 0.00000000
Class 7-B1....$ 0.00000000 Class 7-B4....$ 0.00000000
Class 7-B2....$ 0.00000000 Class 7-B5....$ 0.00000000
Class 7-B3....$ 0.00000000 Class 7-R.....$ 0.00000000
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest; Pay-out Rate:
Class 7-A1....$ 7.13275592 Class 7-M.....$ 6.24174701
Class 7-A2....$ 5.70620528 Class 7-B1....$ 6.24174796
Class 7-A3....$ 5.66658216 Class 7-B2....$ 6.24174819
Class 7-A4....$ 5.74075267 Class 7-B3....$ 6.24174510
Class 7-A5....$ 6.46107772 Class 7-B4....$ 6.24174628
Class 7-A6....$ 5.93749977 Class 7-B5....$ 6.24173823
Class 7-A7....$ 6.12250957 Class 7-R.....$ 0.00000000
Class 7-A8....$ 6.25000000 Class 7-S.....$ 0.35234516
Class 7-A9....$ 0.00000000
Class 7-A10...$ 6.66666700
Class 7-A11...$ 6.25000000
Class 7-A12...$ 6.04166650
iv) Accrual Amount:
Class 7-A9........... $ 43,032.91
v) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:......$ 0.20970488
(b) The amounts below are for the aggregate of all Certificates.
vi) The Pool Scheduled Principal Balances of each Mortgage Pool on the
preceding Due Date after giving effect to all distributions allocable
to principal made on such Distribution Date:........$ 336,312,996.73
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:.................. 1,189
vii) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to (i) all distributions allocable to principal
made on such Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 7-A1........ $ 29,556,701.03 $ 937.03
Class 7-A2........ $ 5,316,913.21 $ 937.03
Class 7-A3........ $ 140,525,913.02 $ 937.03
Class 7-A4........ $ 16,055,018.36 $ 957.39
Class 7-A5........ $ 33,951,756.56 $ 960.34
Class 7-A6........ $ 12,029,747.00 $ 1,000.00
Class 7-A7........ $ 4,051,701.46 $ 969.31
Class 7-A8........ $ 2,760,000.00 $ 1,000.00
Class 7-A9........ $ 6,928,298.54 $ 1,018.87
Class 7-A10....... $ 10,000,000.00 $ 1,000.00
Class 7-A11....... $ 40,000,000.00 $ 1,000.00
Class 7-A12....... $ 20,000,000.00 $ 1,000.00
Class 7-PO........ $ 281,147.20 $ 997.04
Class 7-M......... $ 5,243,223.39 $ 998.01
Class 7-B1........ $ 3,495,482.25 $ 998.01
Class 7-B2........ $ 2,621,611.20 $ 998.01
Class 7-B3........ $ 1,747,741.13 $ 998.01
Class 7-B4........ $ 524,321.44 $ 998.01
Class 7-B5........ $ 1,223,420.94 $ 998.01
Class 7-S......... $ 323,026,949.73 $ 958.76
Class 7-R......... $ 0.00 $ 0.00
viii)The following pertains to any real estate acquired on behalf of
Certificateholders through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan:
book value...................................$ 0.00
unpaid principal balance.....................$ 0.00
number of related mortgage loans............. 0
ix) 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:
(a) delinquent
(1) 30-59 days
Number 11 Principal Balance $ 2,865,142.16
(2) 60-89 days
Number 2 Principal Balance $ 346,079.80
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 0 Principal Balance $ 0.00
x) The Scheduled Principal Balance of any Mortgage Loan replaced pursuant
to Section 2.03(b), and of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c):...........................$ 0.00
xi) The Senior Percentage for such Distribution Date:...... 95.616500%
The Junior Percentage for such Distribution Date:...... 4.383500%
xii) The Senior Prepayment Percentage for such Distribution
Date:.................................................. 100.000000%
The Junior Prepayment Percentage for such Distribution
Date:.................................................. 0.000000%
