Exhibit 99.10
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
June, 1999
Series 1999-05, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1999 (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 % 7.205892
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Weighted average maturity 352.44
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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 $ 1.15129856 $ 0.21692014 $ 0.00000000 %0.00000000
A1 $ 9.24736562 $ 7.51461915 $ 5.29001812 %6.50000001
A2 $ 11.21494529 $ 9.11351900 $ 5.26307091 %6.50000005
A3 $ 0.00000000 $ 0.00000000 $ 5.41666534 %6.49999841
A4 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A5 $ 0.00000000 $ 0.00000000 $ 5.41666767 %6.50000120
A6 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A7 $ 0.00000000 $ 0.00000000 $ 5.41666572 %6.49999886
A8 $ 16.24644729 $ 13.20223192 $ 5.19416125 %6.50000000
A9 $ 0.00000000 $ 0.00000000 $ 5.20833233 %6.24999880
A10 $ 0.00000000 $ 0.00000000 $ 5.41666600 %6.49999920
A11 $ 0.00000000 $ 0.00000000 $ 5.83333533 %7.00000240
A12 $ 0.00000000 $ 0.00000000 $ 5.41666582 %6.49999899
A13 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A14 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A15 $ 0.00000000 $ 0.00000000 $ 5.41666990 %6.50000388
A16 $ 0.00000000 $ 0.00000000 $ 5.62500093 %6.75000112
A17 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A18 $ 0.00000000 $ 0.00000000 $ 5.62500114 %6.75000137
A19 $ 0.00000000 $ 0.00000000 $ 6.66667000 %8.00000400
A20 $ 0.00000000 $ 0.00000000 $ 7.50000000 %9.00000000
A21 $ 0.00000000 $ 0.00000000 $ 5.41667000 %6.50000400
A22 $ 0.00000000 $ 0.00000000 $ 5.83333000 %6.99999600
A23 $ 0.00000000 $ 0.00000000 $ 5.62500026 %6.75000031
A24 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A25 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A26 $ 0.00000000 $ 0.00000000 $ 5.83333306 %6.99999967
A27 $ 10.84286008 $ 8.81115415 $ 5.26816683 %6.50000003
A28 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A29 $ 0.00000000 $ 0.00000000 $ 5.41666662 %6.49999995
S $ 0.00000000 $ 0.00000000 $ 0.38902100 %0.47622100
M $ 0.82656819 $ 0.00000000 $ 5.40782096 %6.49999977
B1 $ 0.82656805 $ 0.00000000 $ 5.40782079 %6.49999957
B2 $ 0.82656805 $ 0.00000000 $ 5.40782192 %6.50000092
B3 $ 0.82656769 $ 0.00000000 $ 5.40782230 %6.50000138
B4 $ 0.82656904 $ 0.00000000 $ 5.40782300 %6.50000221
B5 $ 0.82656882 $ 0.00000000 $ 5.40782030 %6.49999898
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:
$ 141,640.77
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 767,744,290.55
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,478
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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 $ 737,710.21 $ 736,859.05 $ 996.69 GEC9905PO
A1 $ 400,352,152.26 $ 396,561,314.94 $ 967.37 ▇▇▇▇▇▇▇▇▇
A2 $ 62,967,379.85 $ 62,240,595.32 $ 960.43 ▇▇▇▇▇▇▇▇▇
A3 $ 2,510,000.00 $ 2,510,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A4 $ 3,321,000.00 $ 3,321,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A5 $ 3,322,000.00 $ 3,322,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A6 $ 2,316,000.00 $ 2,316,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A7 $ 3,506,600.00 $ 3,506,600.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A8 $ 17,995,131.69 $ 17,690,250.86 $ 942.68 ▇▇▇▇▇▇▇▇▇
A9 $ 3,334,000.00 $ 3,334,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A10 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A11 $ 1,667,000.00 $ 1,667,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A12 $ 3,947,000.00 $ 3,947,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A13 $ 4,500,000.00 $ 4,500,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A14 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A15 $ 1,030,000.00 $ 1,030,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A16 $ 4,694,481.00 $ 4,694,481.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A17 $ 426,519.00 $ 426,519.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A18 $ 4,395,000.00 $ 4,395,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A19 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A20 $ 2,948,000.00 $ 2,948,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A21 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A22 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A23 $ 4,814,814.00 $ 4,814,814.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A24 $ 185,186.00 $ 185,186.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A25 $ 701,215.00 $ 701,215.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A26 $ 9,115,785.00 $ 9,115,785.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A27 $ 96,878,183.58 $ 95,798,137.13 $ 961.74 ▇▇▇▇▇▇▇▇▇
A28 $ 16,281,000.00 $ 16,281,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A29 $ 78,866,000.00 $ 78,866,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
S $ 740,995,522.98 $ 735,099,315.79 $ 972.47 GEC99005S
M $ 15,747,242.41 $ 15,734,204.95 $ 997.54 ▇▇▇▇▇▇▇▇▇
B1 $ 5,905,340.70 $ 5,900,451.55 $ 997.54 ▇▇▇▇▇▇▇▇▇
B2 $ 3,543,204.42 $ 3,540,270.93 $ 997.54 ▇▇▇▇▇▇▇▇▇
B3 $ 4,330,516.62 $ 4,326,931.30 $ 997.54 ▇▇▇▇▇▇▇▇▇
B4 $ 1,574,824.08 $ 1,573,520.25 $ 997.54 ▇▇▇▇▇▇▇▇▇
B5 $ 2,362,109.91 $ 2,360,154.27 $ 997.54 ▇▇▇▇▇▇▇▇▇
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 44 Principal Balance $ 15,277,120.49
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2. 60-89 days
Number 1 Principal Balance $ 248,962.82
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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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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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G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
----- ------- ------ --------------- -------
A19-INT $ 20,000.00 $ 0.00 $ 0.00 $ 16,250.00
A20-INT $ 73,701.00 $ 0.00 $ 0.00 $ 55,282.52
A12 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A13 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A18 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A21 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A22 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A23 $ 999.99 $ 0.00 $ 0.00 $ 999.99