GE CAPITAL MORTGAGE SERVICES, INC. Exhibit #99.33 Home Equity Loan Pass-Through Certificates, Series 1996-HE3 EXHIBIT D SERVICER'S CERTIFICATE DECEMBER, 1996 Pursuant to the Pooling and Servicing Agreement dated as of September 1, 1996 (the...
GE CAPITAL MORTGAGE SERVICES, INC. Exhibit #99.33
Home Equity Loan Pass-Through Certificates,
Series 1996-HE3
EXHIBIT D
SERVICER'S CERTIFICATE
DECEMBER, 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: 1,109,046.86
---------------
(2) Aggregate Monthly Payments received
and Monthly Advances made this
Month:
(a) Principal 110,099.18
---------------
(b) Interest 941,118.14
---------------
(c) Total 1,051,217.32
---------------
(3) Aggregate Principal Prepayments in
part received on Self-Amortizing
Mortgage Loans and applied in the
applicable Prepayment Period:
(a) Principal 51,889.79
---------------
(c) Total 51,889.79
---------------
(4) Aggregate Principal Prepayments in
full received in the applicable
Prepayment period:
(a) Principal 278,064.41
---------------
(b) Interest 6,967.12
---------------
(c) Total 285,031.53
---------------
(5) Aggregate Insurance Proceeds
(inculding 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 115,902,473.61
---------------
(11) Available Funds: 1,336,564.04
---------------
(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: 695.85
---------------
(15) Net Simple Interest
Shortfall: 0.00
---------------
(16) Net Simple Interest
Excess: 0.00
---------------
(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 1.98%
------------- ---------------
(20) Accrued Certificate Interest
and Pay-out Rate:
Class A1 00000XX00 208,586.63 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 191,665.00 1.98%
--------- ---------------------------------
Class M 00000XX00 18,942.00 8.25%
--------- ---------------------------------
Class B1 00000XX00 20,151.07 8.25%
--------- ---------------------------------
Class B2 00000XX00 6,851.37 8.25%
--------- ---------------------------------
Class B3 00000XX00 11,284.60 8.25%
--------- ---------------------------------
Class B4 00000XX00 4,030.22 8.25%
--------- ---------------------------------
Class B5 00000XX00 5,239.28 8.25%
--------- ---------------------------------
Total 896,510.65
(21) Principal distributable:
Class A1 00000XX00 430,865.17
------------- ---------------
Class A2 00000XX00 0.00
------------- ---------------
Class A3 00000XX00 0.00
------------- ---------------
Class A4 00000XX00 0.00
------------- ---------------
Class A5 00000XX00 0.00
------------- ---------------
Class M 00000XX00 2,617.25
------------- ---------------
Class B1 00000XX00 2,784.31
------------- ---------------
Class B2 00000XX00 946.67
------------- ---------------
Class B3 00000XX00 1,559.21
------------- ---------------
Class B4 00000XX00 556.86
------------- ---------------
Class B5 00000XX00 723.92
------------- ---------------
Class R1 00000XX00 0.00
------------- ---------------
Class R2 00000XX00 0.00
------------- ---------------
Total 440,053.38
(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 91.654608%
---------------
2. Senior Prepayment Percentage
for such Distribution Date 100.00%
---------------
3. Junior Percentage for such
Distribution Date 8.345392%
---------------
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/Xxxxxx X. Xxxxxxx
------------------------------------------------
Name: Xxxxxx X. Xxxxxxx
Title: Vice President Financial Information
