Exhibit 99.45 GE CAPITAL MORTGAGE SERVICES, INC. SERVICER'S CERTIFICATE September, 1998 Series 1998-13, REMIC Multi-Class Pass-Through Certificates Pursuant to the Pooling and Servicing Agreement dated as of August 1, 1998 (the "Agreement") between GE...
Exhibit 99.45
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1998
Series 1998-13, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of August 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 $ 700,739.08
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(b) Interest $ 5,487,005.27
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(c) Total $ 6,187,744.35
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2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 613,849.45
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(b) Interest $ 4,796,539.21
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(c) Total $ 5,410,388.66
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3. Aggregate Monthly Advances this month:
(a) Principal $ 86,889.63
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(b) Interest $ 690,466.06
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(c) Total $ 777,355.69
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4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 395,429.05
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5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 5,183,509.15
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(b) Interest $ 24,406.48
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(c) Total $ 5,207,915.63
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6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
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(b) Interest $ 0.00
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(c) Total $ 0.00
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7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
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(b) Interest $ 0.00
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(c) Total $ 0.00
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8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
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9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
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10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
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(b) Interest $ 0.00
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(c) Total $ 0.00
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11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
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(b) Interest $ 0.00
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(c) Total $ 0.00
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12. Pool Scheduled Principal Balance: $ 895,333,592.37
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13. Available Funds: $ 11,344,285.86
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14. Realized Losses for prior month: $ 0.00
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15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
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(b) Deficient Valuations: $ 0.00
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(c) Debt Service Reductions: $ 0.00
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(d) Bankruptcy Losses: $ 0.00
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(e) Special Hazard Losses: $ 0.00
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(f) Fraud Losses: $ 0.00
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(g) Excess Bankruptcy Losses: $ 0.00
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(h) Excess Special Hazard Losses: $ 0.00
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(i) Excess Fraud Losses: $ 0.00
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16. Non-Credit Losses: $ 0.00
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17. Compensating Interest Payment: $ 6,866.35
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18. Total interest payments: $ 5,064,608.58
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19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
----- -------- ------------------- ------- ------------
R $ 0.56 $ 0.00 $ 0.56 %7.080000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 286,920.00 $ 0.00 $ 286,920.00 %6.750000000
A2 $ 166,230.00 $ 0.00 $ 166,230.00 %6.750000000
A3 $ 618,750.00 $ 0.00 $ 618,750.00 %6.750000000
A4 $ 562,500.00 $ 0.00 $ 562,500.00 %6.750000000
A5 $ 123,193.13 $ 0.00 $ 123,193.13 %6.750000274
A6 $ 213,526.04 $ 0.00 $ 213,526.04 %6.249999951
A7 $ 104,166.67 $ 0.00 $ 104,166.67 %6.250000200
A8 $ 156,250.00 $ 0.00 $ 156,250.00 %6.250000000
A9 $ 169,870.95 $ 0.00 $ 169,870.95 %6.249999885
A10 $ 175,301.26 $ 0.00 $ 175,301.26 %5.956250078
A11 $ 74,866.33 $ 0.00 $ 74,866.33 %2.543750021
A12 $ 327,837.92 $ 0.00 $ 327,837.92 %6.056250014
A13 $ 132,285.47 $ 0.00 $ 132,285.47 %9.425892272
A14 $ 325,811.25 $ 0.00 $ 325,811.25 %6.750000000
A15 $ 387,869.35 $ 0.00 $ 387,869.35 %6.156249923
A16 $ 86,732.97 $ 0.00 $ 86,732.97 %9.040177538
A17 $ 34,934.92 $ 0.00 $ 34,934.92 %8.890103211
A18 $ 25,998.08 $ 0.00 $ 25,998.08 %9.249999704
A19 $ 107,628.75 $ 0.00 $ 0.00 %6.750000000
A20 $ 197,145.63 $ 0.00 $ 197,145.63 %6.456250036
A21 $ 77,675.00 $ 0.00 $ 77,675.00 %7.631250384
A22 $ 148,380.06 $ 0.00 $ 148,380.06 %6.406250128
A23 $ 48,494.95 $ 0.00 $ 48,494.95 %8.075894110
A24 $ 215,971.88 $ 0.00 $ 215,971.88 %6.750000156
A25 $ 67,003.77 $ 0.00 $ 67,003.77 %6.456250045
A26 $ 26,399.36 $ 0.00 $ 26,399.36 %7.631251310
RL $ 0.56 $ 0.00 $ 0.56 %6.720000000
M $ 93,825.00 $ 0.00 $ 93,825.00 %6.750000000
B1 $ 40,573.13 $ 0.00 $ 40,573.13 %6.750000832
B2 $ 22,820.63 $ 0.00 $ 22,820.63 %6.749998521
B3 $ 20,286.56 $ 0.00 $ 20,286.56 %6.749999168
B4 $ 10,141.88 $ 0.00 $ 10,141.88 %6.750003328
B5 $ 15,216.50 $ 0.00 $ 15,216.50 %6.749999839
20. Principal Distribution Amount: $ 6,279,677.28
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21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 100.00 $ 0.00
Class PO $ 1,218.96 $ 0.00
Class A1 $ 525,330.34 $ 0.00
Class A2 $ 443,299.94 $ 0.00
Class A3 $ 947,719.16 $ 0.00
Class A4 $ 775,698.52 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 229,932.29 $ 0.00
Class A13 $ 59,612.08 $ 0.00
Class A14 $ 293,537.85 $ 0.00
Class A15 $ 197,327.46 $ 0.00
Class A16 $ 50,891.39 $ 0.00
Class A17 $ 156.00 $ 0.00
Class A18 $ 111.58 $ 0.00
Class A19 $ 2,834,245.84 $ 107,628.75
Class A20 $ 0.00 $ 0.00
Class A21 $ 0.00 $ 0.00
Class A22 $ 0.00 $ 0.00
Class A23 $ 0.00 $ 0.00
Class A24 $ 0.00 $ 0.00
Class A25 $ 0.00 $ 0.00
Class A26 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 100.00 $ 0.00
Class M $ 12,961.46 $ 0.00
Class B1 $ 5,604.98 $ 0.00
Class B2 $ 3,152.56 $ 0.00
Class B3 $ 2,802.49 $ 0.00
Class B4 $ 1,401.05 $ 0.00
Class B5 $ 2,102.08 $ 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:
$ 0.02
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24. Subordinate Certificate Writedown Amount: $ 0.00
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Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 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 A10 % 5.95625008
Class A11 % 2.54375002
Class A12 % 6.05625001
Class A13 % 9.42589227
Class A15 % 6.15624992
Class A16 % 9.04017754
Class A17 % 8.89010321
Class A18 % 9.24999970
Class A20 % 6.45625004
Class A21 % 7.63125038
Class A22 % 6.40625013
Class A23 % 8.07589411
Class A25 % 6.45625005
Class A26 % 7.63125131
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 64,286.79
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3. Supplemental Servicing Fee amount: $ 270,419.88
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4. Credit Losses for prior month: $ 0.00
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Category Category Category
A B C
5. Senior Percentage: % 95.994484 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:
%100.000000 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: % 4.005516
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12. Junior Prepayment Percentage:
% 0.000000
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Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Xxx Xxxx
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Xxx Xxxx
Vice President,
Investor Operations
