Exhibit 99.42
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1998
Series 1998-12C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 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 % 7.04093
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Weighted average maturity 174.96
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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
----- ----------- ----------- ----------- -----------
PO3 $ 3.59836769 $ 0.28056438 $ 0.00000000 % 0.00000000
3A1 $ 17.80798859 $ 13.74773820 $ 5.33675517 % 6.49999995
3A2 $ 0.00000000 $ 0.00000000 $ 5.41666522 % 6.49999826
3A3 $ 3.23676900 $ 2.49878000 $ 5.39919600 % 6.50000054
3A4 $ 14.07458885 $ 10.86555950 $ 5.35292357 % 6.49999996
SUP3 $ 0.00000000 $ 0.00000000 $ 0.29101194 % 0.35320266
3R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
3M $ 3.23676892 $ 0.00000000 $ 5.39919562 % 6.50000007
3B1 $ 3.23675867 $ 0.00000000 $ 5.39918865 % 6.49999171
3B2 $ 3.23675867 $ 0.00000000 $ 5.39918865 % 6.49999171
3B3 $ 3.23676469 $ 0.00000000 $ 5.39919951 % 6.50000478
3B4 $ 3.23678140 $ 0.00000000 $ 5.39918107 % 6.49998244
3B5 $ 3.23676717 $ 0.00000000 $ 5.39920779 % 6.50001476
2. Unanticipated Recoveries: $ 0.00
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B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 36,066.16
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 171,517,867.65
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 527
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3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
----- ------- ----------------- ------- -----
PO3 $ 645,094.83 $ 642,705.19 $ 967.80
3A1 $ 37,143,816.27 $ 36,472,455.10 $ 967.44 00000XXX0
3A2 $ 2,300,000.00 $ 2,300,000.00 $ 1,000.00 00000XXX0
3A3 $ 9,967,745.63 $ 9,935,377.94 $ 993.54 00000XXX0
3A4 $ 120,384,569.40 $ 118,670,029.46 $ 974.16 00000XXX0
SUP3 $ 151,945,048.66 $ 149,591,898.43 $ 973.40
3R $ 0.00 $ 0.00 $ 0.00 00000XXX0
3M $ 1,315,759.37 $ 1,311,486.78 $ 993.54 00000XXX0
3B1 $ 438,585.79 $ 437,161.60 $ 993.54 00000XXX0
3B2 $ 438,585.79 $ 437,161.60 $ 993.54 00000XXX0
3B3 $ 789,455.42 $ 786,891.87 $ 993.54 00000XXX0
3B4 $ 263,151.48 $ 262,296.96 $ 993.54 00000XXX0
3B5 $ 263,155.71 $ 262,301.18 $ 993.54 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
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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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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: % 0.35320266
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