Exhibit 99.08
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-04, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 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 % 7.524512
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Weighted average maturity 345.59
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A. Amount 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
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
PO $ 29.51086355 $ 28.61644392 $ 0.00000000 % 0.00000000
A1 $ 50.27959610 $ 49.29038233 $ 3.91208848 % 6.50000004
A2 $ 66.51544627 $ 65.20680420 $ 5.57344956 % 6.99999994
A3 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A4 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A5 $ 50.27959609 $ 49.29038237 $ 4.06255340 % 6.75000000
A6 $ 0.00000000 $ 0.00000000 $ 4.83333333 % 5.80000000
A7 $ 0.00000000 $ 0.00000000 $ 8.00000000 % 9.60000000
A8 $ 0.00000000 $ 0.00000000 $ 5.62499997 % 6.74999996
M $ 0.80303855 $ 0.00000000 $ 5.57696055 % 6.75000035
B1 $ 0.80303898 $ 0.00000000 $ 5.57696102 % 6.75000094
B2 $ 0.80303769 $ 0.00000000 $ 5.57695861 % 6.74999798
B3 $ 0.80303824 $ 0.00000000 $ 5.57696176 % 6.75000180
B4 $ 0.80304290 $ 0.00000000 $ 5.57696209 % 6.75000226
B5 $ 0.80303693 $ 0.00000000 $ 5.57695898 % 6.74999847
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:
$ 102,188.35
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 475,007,778.63
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,588
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3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 ▇▇▇▇▇▇▇▇▇
PO $ 212,475.46 $ 206,080.80 $ 951.05 GEC9804PO
A1 $ 78,016,192.12 $ 72,584,939.87 $ 671.95 ▇▇▇▇▇▇▇▇▇
A2 $ 78,016,192.11 $ 72,584,939.87 $ 888.93 ▇▇▇▇▇▇▇▇▇
A3 $ 0.00 $ 0.00 $ 0.00 ▇▇▇▇▇▇▇▇▇
A4 $ 0.00 $ 0.00 $ 0.00 ▇▇▇▇▇▇▇▇▇
A5 $ 121,733,600.07 $ 113,258,873.59 $ 671.95 ▇▇▇▇▇▇▇▇▇
A6 $ 98,853,000.00 $ 98,853,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A7 $ 32,951,000.00 $ 32,951,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A8 $ 60,141,355.00 $ 60,141,355.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
SUP $ 481,600,912.90 $ 462,506,052.05 $ 786.33 GEC98004S
M $ 11,031,970.99 $ 11,023,035.57 $ 990.66 ▇▇▇▇▇▇▇▇▇
B1 $ 5,366,770.81 $ 5,362,423.96 $ 990.66 ▇▇▇▇▇▇▇▇▇
B2 $ 2,682,889.69 $ 2,680,716.66 $ 990.66 ▇▇▇▇▇▇▇▇▇
B3 $ 2,385,451.81 $ 2,383,519.70 $ 990.66 ▇▇▇▇▇▇▇▇▇
B4 $ 1,192,527.60 $ 1,191,561.71 $ 990.66 ▇▇▇▇▇▇▇▇▇
B5 $ 1,787,779.96 $ 1,786,331.94 $ 990.66 ▇▇▇▇▇▇▇▇▇
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 13 Principal Balance $ 4,017,404.38
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2. 60-89 days
Number 0 Principal Balance $ 0.00
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3. 90 days or more
Number 1 Principal Balance $ 250,257.47
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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
A3 % 0.00000000
A4 % 0.00000000
A6 % 5.80000000
A7 % 9.60000000
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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