Exhibit 99.2
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
SEPTEMBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-1
Pursuant to the Pooling and Servicing Agreement dated as of January 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
$1,000:
1. The amount of such distribution allocable to principal:
Class 1-A1....$ 146.71034349 Class 1-A13......$ 0.00000000
Class 1-A2....$ 9.38215575 Class 1-A14......$ 0.00000000
Class 1-A3....$ 0.00000000 Class 1-A15......$ 0.00000000
Class 1-A4....$ 26.48822109 Class 1-PO.......$ 0.94908885
Class 1-A5....$ 29.40943340 Class 1-M........$ 0.70359031
Class 1-A6....$ 0.00000000 Class 1-B1.......$ 0.70359104
Class 1-A7....$ 0.00000000 Class 1-B2.......$ 0.70359091
Class 1-A8....$ 0.00000000 Class 1-B3.......$ 0.70358993
Class 1-A9....$ 0.00000000 Class 1-B4.......$ 0.70358889
Class 1-A10...$ 0.00000000 Class 1-B5.......$ 0.70359806
Class 1-A11...$ 0.00000000 Class 1-R........$ 0.00000000
Class 1-A12...$ 0.00000000 Class 1-RL.......$ 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 1-A1....$ 140.88937407 Class 1-A13......$ 0.00000000
Class 1-A2....$ 9.00990359 Class 1-A14......$ 0.00000000
Class 1-A3....$ 0.00000000 Class 1-A15......$ 0.00000000
Class 1-A4....$ 25.43725821 Class 1-PO.......$ 0.91143222
Class 1-A5....$ 28.24256671 Class 1-M........$ 0.00000000
Class 1-A6....$ 0.00000000 Class 1-B1.......$ 0.00000000
Class 1-A7....$ 0.00000000 Class 1-B2.......$ 0.00000000
Class 1-A8....$ 0.00000000 Class 1-B3.......$ 0.00000000
Class 1-A9....$ 0.00000000 Class 1-B4.......$ 0.00000000
Class 1-A10...$ 0.00000000 Class 1-B5.......$ 0.00000000
Class 1-A11...$ 0.00000000 Class 1-R........$ 0.00000000
Class 1-A12...$ 0.00000000 Class 1-RL.......$ 0.00000000
3. The amount of such distribution to the Certificateholders of each class,
allocable to Interest:
Class 1-A1....$ 0.89860118 Class 1-A13......$ 0.00000000
Class 1-A2....$ 6.12500023 Class 1-A14......$ 6.25000000
Class 1-A3....$ 6.12500000 Class 1-A15......$ 6.25000000
Class 1-A4....$ 6.12500000 Class 1-M........$ 6.22023106
Class 1-A5....$ 4.69832335 Class 1-B1.......$ 6.22023194
Class 1-A6....$ 5.10416697 Class 1-B2.......$ 6.22023030
Class 1-A7....$ 2.23576080 Class 1-B3.......$ 6.22022946
Class 1-A8....$ 6.25000000 Class 1-B4.......$ 6.22023333
Class 1-A9....$ 6.04166667 Class 1-B5.......$ 6.22023160
Class 1-A10...$ 0.06666667 Class 1-R........$ 6.30000000
Class 1-A11...$ 0.14166667 Class 1-RL.......$ 6.30000000
Class 1-A12...$ 6.25000000 Class 1-S........$ 0.30494796
4. Accrual Amount:
Class A13A..............................$ 0.00
Class A13B..............................$ 1,958.59
5. The amount of servicing compensation received by the Company during the
month preceding the month of distribution:..............$ 59,825.60
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:...............$ 276,600,173.54
The aggregate number of Mortgage Loans included in the Scheduled Principal
Balance set forth above:................................ 969
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 1-A1...........$ 0.00 $ 0.00
Class 1-A2...........$ 21,344,842.69 $ 990.62
Class 1-A3...........$ 59,904,000.00 $ 1,000.00
Class 1-A4...........$ 77,507,113.79 $ 973.51
Class 1-A5...........$ 13,084,595.64 $ 891.08
Class 1-A6...........$ 2,791,000.00 $ 1,000.00
Class 1-A7...........$ 15,875,595.64 $ 908.47
Class 1-A8...........$ 25,145,000.00 $ 1,000.00
Class 1-A9...........$ 24,000,000.00 $ 1,000.00
Class 1-A10..........$ 24,000,000.00 $ 1,000.00
Class 1-A11..........$ 24,000,000.00 $ 1,000.00
Class 1-A12..........$ 3,480,000.00 $ 1,000.00
Class 1-A13..........$ 315,332.30 $ 51.71
Class 1-A14..........$ 31,000,000.00 $ 1,000.00
Class 1-A15..........$ 2,500,000.00 $ 1,000.00
Class 1-PO...........$ 606,493.01 $ 982.41
Class 1-M............$ 4,476,394.91 $ 994.53
Class 1-B1...........$ 3,730,494.85 $ 994.53
Class 1-B2...........$ 3,281,960.28 $ 994.53
Class 1-B3...........$ 1,343,614.65 $ 994.53
Class 1-B4...........$ 895,080.07 $ 994.53
Class 1-B5...........$ 1,194,051.35 $ 994.53
Class 1-R............$ 100.00 $ 1,000.00
Class 1-RL...........$ 100.00 $ 1,000.00
Class 1-S............$ 250,628,844.18 $ 915.98
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 8 Principal Balance $ 2,241,784.15
(2) 60-89 days
Number 1 Principal Balance $ 326,428.27
(3) 90 days or more
Number 2 Principal Balance $ 664,341.04
(b) in foreclosure
Number 3 Principal Balance $ 1,148,344.57
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 1-S: .................................. 0.390300%
1. Senior Percentage for such Distribution Date: ........ 94.68138400%
2. Group I Senior Percentage for such Distribution Date: 94.68138400%
3. Group II Senior Percentage for such Distribution Date: 0.00000000%
4. Senior Prepayment Percentage for such Distribution Date: 100.00000000%
5. Group I Senior Prepayment Percentage for such
Distribution Date: .................................. 100.00000000%
6. Group II Senior Prepayment Percentage for such
Distribution Date: .................................. 0.00000000%
7. Junior Percentage for such Distribution Date: ........ 5.31861600%
8. Junior Prepayment Percentage for such Distribution Date: 0.00000000%
