Exhibit 99.13 GE CAPITAL MORTGAGE SERVICES, INC. SERVICER'S CERTIFICATE August, 1998 Series 1998-6A, REMIC Multi-Class Pass-Through Certificates Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the "Agreement") between GE...
Exhibit 99.13
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1998
Series 1998-6A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 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 $ 155,052.58
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(b) Interest $ 1,206,680.13
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(c) Total $ 1,361,732.71
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2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 125,520.15
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(b) Interest $ 980,022.36
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(c) Total $ 1,105,542.51
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3. Aggregate Monthly Advances this month:
(a) Principal $ 29,532.43
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(b) Interest $ 226,657.77
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(c) Total $ 256,190.20
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4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 32,059.15
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5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,169,450.22
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(b) Interest $ 13,157.37
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(c) Total $ 2,182,607.59
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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: $ 194,521,191.77
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13. Available Funds: $ 3,462,980.04
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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: $ 1,980.10
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18. Total interest payments: $ 1,106,418.10
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19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
----- -------- ---------- ------- ------------
1PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 692,944.77 $ 0.00 $ 692,944.77 % 6.749999987
1A2 $ 182,835.00 $ 0.00 $ 182,835.00 % 6.750000000
1A3 $ 43,939.86 $ 0.00 $ 43,939.86 % 6.550000559
1A4 $ 16,435.52 $ 0.00 $ 16,435.52 % 7.350000559
1A5 $ 23,062.50 $ 0.00 $ 23,062.50 % 6.750000000
1A6 $ 101,700.00 $ 0.00 $ 101,700.00 % 6.750000000
1R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1M $ 21,045.54 $ 0.00 $ 21,045.54 % 6.749998545
1B1 $ 9,101.23 $ 0.00 $ 9,101.23 % 6.749999476
1B2 $ 5,119.79 $ 0.00 $ 5,119.79 % 6.749996358
1B3 $ 4,547.81 $ 0.00 $ 4,547.81 % 6.749997792
1B4 $ 2,275.03 $ 0.00 $ 2,275.03 % 6.750007974
1B5 $ 3,411.05 $ 0.00 $ 3,411.05 % 6.750001435
20. Principal Distribution Amount: $ 2,356,561.94
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21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 178.23 $ 0.00
Class 1A1 $ 2,350,013.95 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class 1A6 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1M $ 2,946.24 $ 0.00
Class 1B1 $ 1,274.11 $ 0.00
Class 1B2 $ 716.74 $ 0.00
Class 1B3 $ 636.66 $ 0.00
Class 1B4 $ 318.49 $ 0.00
Class 1B5 $ 477.52 $ 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:
$ 0.00
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24. Subordinate Certificate Writedown Amount: $ 0.00
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Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 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 1A3 % 6.55000056
Class 1A4 % 7.35000056
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 42,659.82
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3. Supplemental Servicing Fee amount: $ 71,401.89
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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: % 95.887589 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: % 4.112411
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12. Junior Prepayment Percentage:
%100.000000
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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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Name: Xxx Xxxx
Title: Vice President
Investor Operations
