GE CAPITAL MORTGAGE SERVICES, INC. SERVICER'S CERTIFICATE May, 1998 Series 1998-6B, REMIC Multi-Class Pass-Through Certificates
Exhibit 99.15
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
May, 1998
Series 1998-6B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 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:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 250,572.20
---------------
(b) Interest $ 2,017,714.39
---------------
(c) Total $ 2,268,286.59
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 216,605.99
---------------
(b) Interest $ 1,740,979.49
---------------
(c) Total $ 1,957,585.48
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 33,966.21
---------------
(b) Interest $ 276,734.90
---------------
(c) Total $ 310,701.11
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 65,745.81
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 543,556.43
---------------
(b) Interest $ 3,384.31
---------------
(c) Total $ 546,940.74
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 324,178,339.96
---------------
13. Available Funds: $ 2,687,248.50
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------------
17. Compensating Interest Payment: $ 372.53
------------------------
18. Total interest payments: $ 1,827,374.06
------------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
----- -------- ---------- ------- ------------
2PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 17,514.96 $ 0.00 $ 17,514.96 % 6.749999928
2A2 $ 448,162.87 $ 0.00 $ 448,162.87 % 6.750000039
2A3 $ 704,912.31 $ 0.00 $ 704,912.31 % 6.750000028
2A4 $ 123,238.13 $ 0.00 $ 123,238.13 % 6.750000274
2A5 $ 90,759.38 $ 0.00 $ 90,759.38 % 6.750000372
2A6 $ 134,502.09 $ 0.00 $ 134,502.09 % 6.487499819
2A7 $ 52,090.41 $ 0.00 $ 52,090.41 % 7.537500543
2A8 $ 182,812.50 $ 0.00 $ 182,812.50 % 6.750000000
2M $ 33,937.84 $ 0.00 $ 33,937.84 % 6.750000087
2B1 $ 14,675.67 $ 0.00 $ 14,675.67 % 6.749999715
2B2 $ 8,256.82 $ 0.00 $ 8,256.82 % 6.749999039
2B3 $ 7,337.84 $ 0.00 $ 7,337.84 % 6.750004341
2B4 $ 3,668.92 $ 0.00 $ 3,668.92 % 6.750004289
2B5 $ 5,504.32 $ 0.00 $ 5,504.32 % 6.749998467
20. Principal Distribution Amount: $ 859,874.44
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
Class 2PO $ 159.22 $ 0.00
Class 2A1 $ 86,373.83 $ 0.00
Class 2A2 $ 330,712.30 $ 0.00
Class 2A3 $ 432,572.92 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 0.00 $ 0.00
Class 2A6 $ 0.00 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class 2A8 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2M $ 4,650.83 $ 0.00
Class 2B1 $ 2,011.15 $ 0.00
Class 2B2 $ 1,131.51 $ 0.00
Class 2B3 $ 1,005.58 $ 0.00
Class 2B4 $ 502.79 $ 0.00
Class 2B5 $ 754.31 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
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23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
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24. Subordinate Certificate Writedown Amount: $ 0.00
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Accumulative
Class Supported Shortfall Supported Shortfall
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
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26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 2A6 % 6.48749982
Class 2A7 % 7.53750054
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 65,833.04
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3. Supplemental Servicing Fee amount: $ 124,437.79
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4. Credit Losses for prior month: $ 0.00
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Category A Category B Category C
5. Senior Percentage: %N/A N/A N/A N/A
---- ------- ------- ----------
6. Group I Senior Percentage:
%N/A N/A N/A N/A
---- ------- ------- ----------
7. Group II Senior Percentage:
%N/A N/A N/A N/A
---- ------- ------- ----------
8. Senior Prepayment Percentage:
%N/A N/A N/A N/A
---- ------- ------- ----------
9. Group I Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ------- ------- ----------
10. Group II Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ------- ------- ----------
11. Junior Percentage: %N/A
----
12. Junior Prepayment Percentage:
%N/A
----
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Xxxx Xxxxxxx
-------------------------------
Name: Xxxx Xxxxxxx
Title: Vice President,
Escrow Operations
