Exhibit 99.32
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-13
Pursuant to the Pooling and Servicing Agreement dated as of December 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:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
i) The amount of such distribution allocable to principal:
Class 13-A1.....$ 41.20369127 Class 13-B3....$ 3.06653188
Class 13-A2.....$ 0.00000000 Class 13-B4....$ 3.06651983
Class 13-A3.....$ 3.06653118 Class 13-B5....$ 3.06653779
Class 13-PO.....$ 3.45698834 Class 13-R.....$ 0.00000000
Class 13-M......$ 3.06652980
Class 13-B1.....$ 3.06653671
Class 13-B2.....$ 3.06652980
ii) 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 13-A1.....$ 37.11923585 Class 13-B3....$ 0.00000000
Class 13-A2.....$ 0.00000000 Class 13-B4....$ 0.00000000
Class 13-A3.....$ 2.76255089 Class 13-B5....$ 0.00000000
Class 13-PO.....$ 3.11430266 Class 13-R.....$ 0.00000000
Class 13-M......$ 0.00000000
Class 13-B1.....$ 0.00000000
Class 13-B2.....$ 0.00000000
iii) The amount of distribution allocable to interest; Pay-out Rate:
Class 13-A1.....$ 5.52910319 6.75000000%
Class 13-A2.....$ 5.62500014 6.75000000%
Class 13-A3.....$ 5.60755307 6.75000000%
Class 13-M......$ 5.60755343 6.75000000%
Class 13-B1.....$ 5.60755283 6.75000000%
Class 13-B2.....$ 5.60754845 6.75000000%
Class 13-B3.....$ 5.60755727 6.75000000%
Class 13-B4.....$ 5.60754347 6.75000000%
Class 13-B5.....$ 5.60738126 6.75000000%
Class 13-R......$ 0.00000000 6.75000000%
Class 13-S......$ 0.00000000 N/A
iv) The amount of distribution allocable to Unanticipated Recoveries:
Class 13-A1.....$ N/A N/A
Class 13-A2.....$ N/A N/A
Class 13-A3.....$ N/A N/A
Class 13-PO.....$ N/A N/A
Class 13-M......$ N/A N/A
Class 13-B1.....$ N/A N/A
Class 13-B2.....$ N/A N/A
Class 13-B3.....$ N/A N/A
Class 13-B4.....$ N/A N/A
Class 13-B5.....$ N/A N/A
Class 13-R......$ N/A N/A
v) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:.........$ 42,580.87
(b) The amounts below are for the aggregate of all Certificates.
vi) 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:......$192,099,141.81
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:..................... 608
vii) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to (i) all distributions allocable to principal
made on such Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 13-A1...............$ 134,220,145.10 $ 941.75
Class 13-A2...............$ 13,804,949.00 $ 1,000.00
Class 13-A3...............$ 38,790,601.94 $ 993.83
Class 13-PO...............$ 297,464.37 $ 992.65
Class 13-M................$ 1,994,391.80 $ 993.83
Class 13-B1...............$ 498,598.44 $ 993.83
Class 13-B2...............$ 997,195.90 $ 993.83
Class 13-B3...............$ 698,037.63 $ 993.83
Class 13-B4...............$ 398,878.36 $ 993.83
Class 13-B5...............$ 398,879.27 $ 993.83
Class 13-R................$ 0.00 $ 0.00
Class 13-S................$ 180,029,163.88 $ 897.12
viii)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
ix) 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 7 Principal Balance $ 1,979,519.60
(2) 60-89 days
Number 0 Principal Balance $ 0.00
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 0 Principal Balance $ 0.00
x) The Scheduled Principal Balance of any Mortgage Loan replaced pursuant
to Section 2.03(b):................................$ 0.00
xi) The Scheduled Principal Balance, of any Modified Mortgage Loan
purchased pursuant to Section 3.01(c): ............$ 0.00
xii) The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 13-S: ........................ 0.493100%
1. Senior Percentage for such Distribution Date: ...... 97.47162100%
2. Senior Prepayment Percentage for such Distribution
Date: .............................................. 100.00000000%
3. Class A3 Percentage for such Distribution Date: .... 19.67061800%
4. Class A3 Prepayment Percentage for such Distribution
Date: .............................................. 0.00000000%
5. Junior Percentage for such Distribution Date: ...... 2.52837900%
6. Junior Prepayment Percentage for such Distribution
Date: .............................................. 0.00000000%
