Exhibit 99.6
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
March 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-3
Pursuant to the Pooling and Servicing Agreement dated as of March 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:
The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
1. The amount of such distribution allocable to principal:
Class 3-A1.....$ 0.00000000 Class 3-A13....$ 0.00000000
Class 3-A2.....$ 439.65739669 Class 3-A14....$ 10.87766072
Class 3-A3.....$ 0.00000000 Class 3-A15....$ 0.00000000
Class 3-A4.....$ 0.00000000 Class 3-PO.....$ 4.33315896
Class 3-A5.....$ 0.73443827 Class 3-M......$ 0.73443846
Class 3-A6.....$ 0.73443805 Class 3-B1.....$ 0.73443821
Class 3-A7.....$ 7.15352061 Class 3-B2.....$ 0.73443821
Class 3-A8.....$ 0.00000000 Class 3-B3.....$ 0.73443946
Class 3-A9.....$ 0.00000000 Class 3-B4.....$ 0.73443946
Class 3-A10....$ 0.00000000 Class 3-B5.....$ 0.73443350
Class 3-A11....$ 0.00000000 Class 3-R......$ 0.00000000
Class 3-A12....$ 0.00000000
2. 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 3-A1.....$ 0.00000000 Class 3-A13....$ 0.00000000
Class 3-A2.....$ 432.90662872 Class 3-A14....$ 10.71063848
Class 3-A3.....$ 0.00000000 Class 3-A15....$ 0.00000000
Class 3-A4.....$ 0.00000000 Class 3-PO.....$ 4.26662499
Class 3-A5.....$ 0.72316126 Class 3-M......$ 0.00000000
Class 3-A6.....$ 0.72316104 Class 3-B1.....$ 0.00000000
Class 3-A7.....$ 7.04368109 Class 3-B2.....$ 0.00000000
Class 3-A8.....$ 0.00000000 Class 3-B3.....$ 0.00000000
Class 3-A9.....$ 0.00000000 Class 3-B4.....$ 0.00000000
Class 3-A10....$ 0.00000000 Class 3-B5.....$ 0.00000000
Class 3-A11....$ 0.00000000 Class 3-R......$ 0.00000000
Class 3-A12....$ 0.00000000
3. The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 3-A1.....$ 0.00000000 Class 3-A13....$ 0.00000000
Class 3-A2.....$ 4.94850777 Class 3-A14....$ 5.52947657
Class 3-A3.....$ 6.25000000 Class 3-A15....$ 6.24999961
Class 3-A4.....$ 6.25000000 Class 3-M......$ 6.19433620
Class 3-A5.....$ 6.19433586 Class 3-B1.....$ 6.19433505
Class 3-A6.....$ 6.19433600 Class 3-B2.....$ 6.19433505
Class 3-A7.....$ 4.87014355 Class 3-B3.....$ 6.19433632
Class 3-A8.....$ 6.25000000 Class 3-B4.....$ 6.19433483
Class 3-A9.....$ 6.25000000 Class 3-B5.....$ 6.19441653
Class 3-A10....$ 6.25000000 Class 3-R......$ 0.00000000
Class 3-A11....$ 6.25000000 Class 3-S......$ 0.21607830
Class 3-A12....$ 6.25000000
4. Accrual Amount:
Class A13 ............... $ 52,746.56
5. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:.........$ 79,360.86
The amounts below are for the aggregate of all Certificates.
6. 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:...........$368,917,948.92
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:..................... 1,318
7. The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to (i) all distributions allocable to principal
made on such Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 3-A1...................$ 0.00 $ 0.00
Class 3-A2...................$ 13,820,075.92 $ 352.10
Class 3-A3...................$ 5,441,592.00 $ 1,000.00
Class 3-A4...................$ 47,000,000.00 $ 1,000.00
Class 3-A5...................$ 42,211,191.30 $ 990.36
Class 3-A6...................$ 42,211,190.38 $ 990.36
Class 3-A7...................$ 47,309,631.35 $ 772.07
Class 3-A8...................$ 7,000,000.00 $ 1,000.00
Class 3-A9...................$ 34,200,000.00 $ 1,000.00
Class 3-A10..................$ 43,100,000.00 $ 1,000.00
Class 3-A11..................$ 29,500,000.00 $ 1,000.00
Class 3-A12..................$ 21,700,000.00 $ 1,000.00
Class 3-A13..................$ 8,492,195.52 $ 1,077.63
Class 3-A14..................$ 4,237,305.48 $ 873.84
Class 3-A15..................$ 3,183,573.00 $ 1,000.00
Class 3-PO...................$ 741,527.77 $ 969.34
Class 3-M....................$ 5,520,262.78 $ 990.36
Class 3-B1...................$ 4,416,012.16 $ 990.36
Class 3-B2...................$ 4,416,012.16 $ 990.36
Class 3-B3...................$ 2,208,501.26 $ 990.36
Class 3-B4...................$ 662,550.38 $ 990.36
Class 3-B5...................$ 1,546,327.46 $ 990.36
Class 3-R....................$ 0.00 $ 0.00
Class 3-S....................$ 334,155,791.41 $ 815.54
8. 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
9. 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 $ 2,845,528.59
(2) 60-89 days
Number 3 Principal Balance $ 526,243.95
(3) 90 days or more
Number 3 Principal Balance $ 1,014,930.91
(b) in foreclosure
Number 2 Principal Balance $ 824,176.07
10. 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
11. The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 3-S: ........................ 0.299000%
12. Senior Percentage for such Distribution Date: .......... 95.13312800%
13. Group I Senior Percentage for such Distribution Date: .. 73.24286800%
14. Group II Senior Percentage for such Distribution Date: . 21.89026000%
15. Senior Prepayment Percentage for such Distribution Date: 100.00000000%
16. Group I Senior Prepayment Percentage for such
Distribution Date: ..................................... 100.00000000%
17. Group II Senior Prepayment Percentage for such
Distribution Date: ..................................... 0.00000000%
18. Junior Percentage for such Distribution Date: .......... 4.86687200%
19. Junior Prepayment Percentage for such Distribution Date: 0.00000000%
