Exhibit 99.22
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
July, 1999
Series 1999-11, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1999 (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 % 7.182369
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Weighted average maturity 353.35
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A. Amount 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 $ 0.00000000 %0.00000000
PO $ 9.43711071 $ 8.51882765 $ 0.00000000 %0.00000000
A1 $ 0.00000000 $ 0.00000000 $ 4.95833334 %5.95000001
A2 $ 0.00000000 $ 0.00000000 $ 5.00000000 %6.00000000
A3 $ 0.00000000 $ 0.00000000 $ 5.20833332 %6.24999998
A4 $ 0.00000000 $ 0.00000000 $ 4.49374990 %5.39249989
A5 $ 0.00000000 $ 0.00000000 $ 2.58958333 %3.10749999
A6 $ 5.99228449 $ 5.35918925 $ 5.38894392 %6.50000000
A7 $ 6.99354934 $ 6.25466874 $ 5.38431164 %6.49999998
A8 $ 6.99354925 $ 6.25466872 $ 5.38431157 %6.49999990
A9 $ 0.00000000 $ 0.00000000 $ 5.44601000 %6.50000363
A10 $ 0.00000000 $ 0.00000000 $ 5.41666693 %6.50000032
A11 $ 0.00000000 $ 0.00000000 $ 5.41666716 %6.50000060
A12 $ 0.00000000 $ 0.00000000 $ 6.66666922 %8.00000306
A13 $ 6.99354905 $ 6.25466857 $ 4.63257905 %5.59250017
A14 $ 6.99354859 $ 6.25466878 $ 7.82744294 %9.44937484
A15 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A16 $ 625.51113800 $ 563.92266000 $ 5.02920200 %6.50000012
A17 $ 0.00000000 $ 0.00000000 $ 5.44600600 %6.49999888
A18 $ 0.00000000 $ 0.00000000 $ 5.62499956 %6.74999947
A19 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A20 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A21 $ 206.68837800 $ 187.97422000 $ 3.49173600 %6.49999948
A22 $ 0.00000000 $ 0.00000000 $ 5.41666668 %6.50000002
S $ 0.00000000 $ 0.00000000 $ 0.37790698 %0.45807601
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
M $ 0.83773610 $ 0.00000000 $ 5.41217650 %6.49999982
B1 $ 0.83773625 $ 0.00000000 $ 5.41217696 %6.50000037
B2 $ 0.83773682 $ 0.00000000 $ 5.41217685 %6.50000025
B3 $ 0.83773625 $ 0.00000000 $ 5.41217766 %6.50000120
B4 $ 0.83773753 $ 0.00000000 $ 5.41217848 %6.50000218
B5 $ 0.83773595 $ 0.00000000 $ 5.41217787 %6.50000145
2. Unanticipated Recoveries: $ 0.00
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B. Accrual Amount
1.
Accrual Amount
Class
A9 $ 5,446.01
A16 $ 25,146.01
A17 $ 27,230.03
A21 $ 17,458.68
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 202,131.81
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 935,442,630.83
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,868
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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 00000X0X0
PO $ 1,142,385.51 $ 1,131,473.90 $ 978.58 GEC9911PO
A1 $ 30,939,608.00 $ 30,939,608.00 $ 1,000.00 00000XX00
A2 $ 45,707,200.00 $ 45,707,200.00 $ 1,000.00 00000XX00
A3 $ 171,374,222.00 $ 171,374,222.00 $ 1,000.00 00000XX00
A4 $ 41,356,970.00 $ 41,356,970.00 $ 1,000.00 00000XX00
A5 $ 41,356,970.00 $ 41,356,970.00 $ 1,000.00 00000XX00
A6 $ 235,040,861.40 $ 233,625,184.19 $ 988.89 00000XX00
A7 $ 150,096,884.70 $ 149,040,866.89 $ 987.03 00000XX00
A8 $ 53,657,051.94 $ 53,279,543.76 $ 987.03 00000XX00
A9 $ 1,005,416.67 $ 1,010,862.67 $ 1,010.86 00000XX00
A10 $ 18,929,196.00 $ 18,929,196.00 $ 1,000.00 00000XX00
A11 $ 6,694,000.00 $ 6,694,000.00 $ 1,000.00 00000XX00
A12 $ 1,306,000.00 $ 1,306,000.00 $ 1,000.00 00000XX00
A13 $ 20,874,562.10 $ 20,727,697.56 $ 987.03 00000XX00
A14 $ 6,422,941.73 $ 6,377,752.64 $ 987.03 00000XX00
A15 $ 0.00 $ 0.00 $ 0.00 00000XX00
A16 $ 4,642,340.22 $ 1,514,784.53 $ 302.96 00000XX00
A17 $ 5,027,083.33 $ 5,054,313.37 $ 1,010.86 00000XX00
A18 $ 5,630,052.00 $ 5,630,052.00 $ 1,000.00 00000XX00
A19 $ 5,630,052.00 $ 5,630,052.00 $ 1,000.00 00000X0X0
A20 $ 649,621.00 $ 649,621.00 $ 1,000.00 00000X0X0
A21 $ 3,223,141.18 $ 2,189,699.30 $ 437.94 00000X0X0
A22 $ 95,240,025.00 $ 95,240,025.00 $ 1,000.00 00000X0X0
S $ 894,955,759.43 $ 888,103,237.01 $ 982.40 GEC99011S
RL $ 0.00 $ 0.00 $ 0.00 00000X0X0
M $ 17,605,394.33 $ 17,590,633.41 $ 998.33 00000X0X0
B1 $ 7,137,078.98 $ 7,131,095.03 $ 998.33 00000X0X0
B2 $ 4,282,447.22 $ 4,278,856.69 $ 998.33 00000X0X0
B3 $ 4,758,052.66 $ 4,754,063.36 $ 998.33 00000X0X0
B4 $ 1,903,420.90 $ 1,901,825.01 $ 998.33 00000X0X0
B5 $ 2,379,027.16 $ 2,377,032.51 $ 998.33 00000X0X0
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 34 Principal Balance $ 11,721,768.20
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2. 60-89 days
Number 2 Principal Balance $ 645,186.08
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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
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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
A4 % 5.39249989
A5 % 3.10749999
A13 % 5.59250017
A14 % 9.44937484
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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G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
----- ------- ------ --------------- -------
A12-INT $ 26,120.00 $ 0.00 $ 0.00 $ 22,855.00
A11 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A12 $ 999.99 $ 0.00 $ 0.00 $ 999.99
