Exhibit 99.15
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
JANUARY 1997
REMIC Multi-Class Pass-Through Certificates
Series 1996-6
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1996
(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:
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 .................................... $ 274,348.99
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(b) Interest ..................................... $ 2,201,068.23
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(c) Total ........................................ $ 2,475,417.22
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2. Aggregate Monthly Payments Received and Monthly
Advances made this month:
(a) Principal .................................... $ 274,348.99
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(b) Interest ..................................... $ 2,140,870.16
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(c) Total ........................................ $ 2,415,219.15
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3. Aggregate Principal Prepayments in part received
and applied in prior month: ...................... $ 113,002.43
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4. Aggregate Principal Prepayments in full received
in prior month:
(a) Principal .................................... $ 1,097,092.59
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(b) Interest ..................................... $ 5,500.59
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(c) Total ........................................ $ 1,102,593.18
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5. Aggregate Insurance Proceeds for prior month:
(a) Principal .................................... $ 0.00
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(b) Interest ..................................... $ 0.00
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(c) Total ........................................ $ 0.00
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6. Aggregate Liquidation Proceeds for prior month:
(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 Purchase Prices for Defaulted and
Modified 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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8. Aggregate Purchase Prices (and substitution
adjustments) 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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9. Pool Scheduled Principal Balance: ................ $341,108,398.44
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10. Available Funds: ................................. $ 3,630,814.76
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11. Realized Losses for prior month: ................. $ 0.00
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12. Aggregate Realized Losses:
(a) Deficient Valuations: ........................ $ 0.00
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(b) Special Hazard Losses: ....................... $ 0.00
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(c) Fraud Losses: ................................ $ 0.00
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(d) Excess Bankruptcy Losses: .................... $ 0.00
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(e) Excess Special Hazard Losses: ................ $ 0.00
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(f) Excess Fraud Losses: ......................... $ 0.00
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(g) Debt Service Reductions: ..................... $ 0.00
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13. Compensating Interest Payment: ................... $ 2,608.33
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14. Accrued Certificate Interest, Unpaid Class
Interest Shortfalls and Pay-out Rate:
Class 6-A1 ............... $ 72,613.53 $ 0.00 5.75000000%
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Class 6-A2 ............... $ 86,408.33 $ 0.00 6.25000000%
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Class 6-A3 ............... $ 246,733.15 $ 0.00 6.50000000%
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Class 6-A4 ............... $ 49,163.63 $ 0.00 6.30000000%
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Class 6-A5 ............... $ 591,894.39 $ 0.00 7.00000000%
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Class 6-A6 ............... $ 53,266.91 $ 0.00 6.85000000%
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Class 6-A7 ............... $ 157,645.83 $ 0.00 7.00000000%
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Class 6-A8 ............... $ 31,529.17 $ 0.00 7.00000000%
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Class 6-A9 ............... $ 44,284.24 $ 0.00 6.75000000%
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Class 6-A10 .............. $ 62,860.58 $ 0.00 7.00000000%
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Class 6-A11 .............. $ 0.00 $ 0.00 7.00000000%
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Class 6-A12 .............. $ 195,555.74 $ 0.00 7.00000000%
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Class 6-A13 .............. $ 191,317.83 $ 0.00 7.00000000%
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Class 6-M ................ $ 40,590.10 $ 0.00 7.00000000%
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Class 6-B1 ............... $ 20,295.05 $ 0.00 7.00000000%
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Class 6-B2 ............... $ 22,324.55 $ 0.00 7.00000000%
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Class 6-B3 ............... $ 10,147.53 $ 0.00 7.00000000%
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Class 6-B4 ............... $ 5,073.76 $ 0.00 7.00000000%
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Class 6-B5 ............... $ 8,118.02 $ 0.00 7.00000000%
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Class 6-S ................ $ 154,014.94 $ 0.00 0.59198078%
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Class 6-RL ............... $ 0.00 $ 0.00 7.00000000%
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Class 6-R ................ $ 0.00 $ 0.00 7.00000000%
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15. Accrual Amount:
Class 6-A11 ............... $ 47,972.75
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Class 6-A12 ............... $ 54,560.60
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16. Principal distributable:
Class 6-A1 ................ $ 522,330.31
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Class 6-A2 ................ $ 0.00
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Class 6-A3 ................ $ 261,165.14
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Class 6-A4 ................ $ 0.00
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Class 6-A5 ................ $ 658,977.48
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Class 6-A6 ................ $ 0.00
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Class 6-A7 ................ $ 0.00
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Class 6-A8 ................ $ 0.00
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Class 6-A9 ................ $ 54,560.60
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Class 6-A10 ............... $ 47,972.75
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Class 6-A11 ............... $ 0.00
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Class 6-A12 ............... $ 0.00
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Class 6-A13 ............... $ 26,244.86
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Class 6-PO ................ $ 1,109.89
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Class 6-M ................. $ 5,568.13
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Class 6-B1 ................ $ 2,784.06
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Class 6-B2 ................ $ 3,062.47
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Class 6-B3 ................ $ 1,392.03
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Class 6-B4 ................ $ 696.02
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Class 6-B5 ................ $ 1,113.62
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Class 6-R ................. $ 0.00
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Class 6-RL ................ $ 0.00
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17. Additional distributions to the Class 6-R
Certificate pursuant to Section 4.01(b): ......... $ 0.00
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18. Additional distributions to the Class 6-RL
Certificate pursuant to Section 4.01(b): ......... $ 0.00*
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19. Certificate Interest Rates of:
Class 6-S Certificates: ... 0.539500%
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B. Other Amounts:
1. Senior Percentage for such Distribution Date: .... 94.652109%
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2. Group I Senior Percentage for such Distribution
Date: ............................................ 85.049515%
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3. Group II Senior Percentage for such Distribution
Date: ............................................ 9.602594%
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4. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.000000%
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5. Group I Senior Prepayment Percentage for such
Distribution Date: ............................... 100.000000%
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6. Group II Senior Prepayment Percentage for such
Distribution Date: ............................... 0.000000%
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7. Junior Percentage for such Distribution Date: .... 5.347891%
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8. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.000000%
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9. Subordinate Certificate Writedown Amount for such
Distribution Date: ............................... $ 0.00
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10. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 6-B1....... X
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Class 6-B2....... X
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Class 6-B3....... X
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Class 6-B4....... X
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Class 6-B5....... X
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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/ ▇▇▇▇▇ ▇▇▇▇▇▇▇
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▇▇▇▇▇ ▇▇▇▇▇▇▇
Vice-President,
Investor Operations