Exhibit 99.32
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
October, 1998
Series 1998-11B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 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 % 7.435868
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Weighted average maturity 352.76
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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
----- ----------- ----------- ----------- -----------
2PO $ 1.14855263 $ 0.25910569 $ 0.00000000 % 0.00000000
2A1 $ 2.38016851 $ 2.25813405 $ 5.59706755 % 6.75000011
2A2 $ 0.00000000 $ 0.00000000 $ 5.41666711 % 6.50000054
2A3 $ 192.14260781 $ 182.29119525 $ 3.51364895 % 6.70000008
2A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2A5 $ 7.34517637 $ 6.96857948 $ 5.53880041 % 6.74999998
2A6 $ 3.16207600 $ 2.99995200 $ 5.38093200 % 6.49999949
2A7 $ 192.14260635 $ 182.29119511 $ 3.64100979 % 6.94285805
2A8 $ 0.00000000 $ 0.00000000 $ 5.83333143 % 6.99999771
2A9 $ 0.00000000 $ 0.00000000 $ 6.66666857 % 8.00000229
2A10 $ 4.57998969 $ 4.34516730 $ 5.57125142 % 6.75000006
2A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2A12 $ 29.34112000 $ 27.83676093 $ 5.28066605 % 6.74999968
2A13 $ 0.00000000 $ 0.00000000 $ 0.20695900 % 0.25000007
2A14 $ 0.00000000 $ 0.00000000 $ 5.83333200 % 6.99999839
2A15 $ 0.00000000 $ 0.00000000 $ 5.83333200 % 6.99999839
2A16 $ 0.00000000 $ 0.00000000 $ 5.83333467 % 7.00000161
2R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2M $ 0.78848491 $ 0.00000000 $ 5.61187758 % 6.75000078
2B1 $ 0.78848394 $ 0.00000000 $ 5.61187751 % 6.75000071
2B2 $ 0.78848350 $ 0.00000000 $ 5.61187333 % 6.74999565
2B3 $ 0.78848394 $ 0.00000000 $ 5.61187751 % 6.75000071
2B4 $ 0.78849398 $ 0.00000000 $ 5.61186747 % 6.74998863
2B5 $ 0.78847972 $ 0.00000000 $ 5.61187967 % 6.75000330
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:
$ 48,313.04
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 238,427,284.86
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 782
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3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
----- ------- ----------------- ------- -----
2PO $ 204,733.75 $ 204,497.75 $ 995.24 GE98112PO
2A1 $ 23,062,783.61 $ 23,007,616.35 $ 992.65 00000XXX0
2A2 $ 7,474,000.00 $ 7,474,000.00 $ 1,000.00 00000XXX0
2A3 $ 7,321,284.09 $ 5,085,931.00 $ 437.17 GE98112A3
2A4 $ 24,904,832.00 $ 24,904,832.00 $ 1,000.00 00000XXX0
2A5 $ 23,755,299.62 $ 23,578,097.24 $ 977.33 00000XXX0
2A6 $ 9,934,029.08 $ 9,902,408.32 $ 990.24 00000XXX0
2A7 $ 1,898,111.11 $ 1,318,575.00 $ 437.17 GE98112A7
2A8 $ 1,750,000.00 $ 1,750,000.00 $ 1,000.00 00000XXX0
2A9 $ 1,750,000.00 $ 1,750,000.00 $ 1,000.00 00000XXX0
2A10 $ 72,995,773.59 $ 72,658,228.36 $ 985.86 00000XXX0
2A11 $ 44,500,000.00 $ 44,500,000.00 $ 1,000.00 00000XXX0
2A12 $ 5,045,970.02 $ 4,888,261.50 $ 909.44 00000XXX0
2A13 $ 9,934,029.08 $ 9,902,408.32 $ 990.24 00000XXX0
2A14 $ 2,491,000.00 $ 2,491,000.00 $ 1,000.00 00000XXX0
2A15 $ 2,491,000.00 $ 2,491,000.00 $ 1,000.00 00000XXX0
2A16 $ 2,492,000.00 $ 2,492,000.00 $ 1,000.00 00000XXX0
SUP2 $ 229,368,476.06 $ 225,799,739.92 $ 955.30 G9811SUP2
2R $ 0.00 $ 0.00 $ 0.00 00000XXX0
2RL $ 0.00 $ 0.00 $ 0.00 00000XXX0
2M $ 4,596,251.91 $ 4,592,619.36 $ 996.88 00000XXX0
2B1 $ 1,987,352.68 $ 1,985,782.02 $ 996.88 00000XXX0
2B2 $ 1,118,384.72 $ 1,117,500.82 $ 996.88 00000XXX0
2B3 $ 993,676.34 $ 992,891.01 $ 996.88 00000XXX0
2B4 $ 496,838.17 $ 496,445.50 $ 996.88 00000XXX0
2B5 $ 746,188.08 $ 745,598.35 $ 996.88 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 5 Principal Balance $ 1,575,048.45
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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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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
2A3 % 6.70000008
2A7 % 6.94285805
2A9 % 8.00000229
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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