Exhibit 99.32
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 2000
Series 1999-15, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 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 % 7.244363
-------------------
Weighted average maturity 349.91
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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
----- ----------- ----------- ----------- -----------
PO $ 1.00944297 $ 0.08119922 $ 0.00000000 % 0.00000000
A1 $ 5.75414558 $ 4.36276318 $ 5.26995536 % 6.74965479
A2 $ 2.83304698 $ 2.14800140 $ 5.45004814 % 6.74965478
A3 $ 6.39239540 $ 4.84668080 $ 5.23060580 % 6.74965490
A4 $ 0.00000000 $ 0.00000000 $ 5.83303501 % 6.99964201
A5 $ 0.00000000 $ 0.00000000 $ 5.62471200 % 6.74965440
A6 $ 0.00000000 $ 0.00000000 $ 5.83303333 % 6.99964000
A7 $ 0.00000000 $ 0.00000000 $ 5.83303333 % 6.99964000
A8 $ 0.00000000 $ 0.00000000 $ 5.83303333 % 6.99964000
A9 $ 0.00000000 $ 0.00000000 $ 5.83303333 % 6.99964000
A10 $ 0.00000000 $ 0.00000000 $ 5.83303333 % 6.99964000
A11 $ 0.00000000 $ 0.00000000 $ 5.83303467 % 6.99964160
A12 $ 0.00000000 $ 0.00000000 $ 5.83303512 % 6.99964214
A13 $ 4.54440780 $ 3.44554630 $ 5.34454430 % 6.74965487
A14 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A15 $ 0.00000000 $ 0.00000000 $ 6.04136022 % 7.24963226
A16 $ 9.12490334 $ 6.91845408 $ 5.06214004 % 6.74965485
A17 $ 0.00000000 $ 0.00000000 $ 5.83303504 % 6.99964204
A18 $ 0.00000000 $ 0.00000000 $ 6.04135800 % 7.24962960
A19 $ 0.00000000 $ 0.00000000 $ 6.04135800 % 7.24962960
A20 $ 0.00000000 $ 0.00000000 $ 6.04135800 % 7.24962960
A21 $ 0.00000000 $ 0.00000000 $ 6.04135794 % 7.24962952
A22 $ 10.64717100 $ 8.07262982 $ 5.27234315 % 6.74965498
A23 $ 0.00000000 $ 0.00000000 $ 5.62471233 % 6.74965479
A24 $ 0.00000000 $ 0.00000000 $ 5.81723432 % 6.74965476
A25 $ 0.00000000 $ 0.00000000 $ 5.62471234 % 6.74965481
A26 $ 0.00000000 $ 0.00000000 $ 5.62471074 % 6.74965289
A27 $ 8.41249199 $ 6.37830757 $ 5.10606192 % 6.74965484
A28 $ 0.00000000 $ 0.00000000 $ 5.62471240 % 6.74965488
2A1 $ 1.75574905 $ 0.39410190 $ 5.44400690 % 6.74965901
2A2 $ 0.00000000 $ 0.00000000 $ 6.24968397 % 7.49962076
2A3 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2A4 $ 0.00000000 $ 0.00000000 $ 6.24968409 % 7.49962091
2A5 $ 0.00000000 $ 0.00000000 $ 5.62471648 % 6.74965978
1S $ 0.00000000 $ 0.00000000 $ 0.27263353 % 0.35103602
2S $ 0.00000000 $ 0.00000000 $ 0.29376790 % 0.35929624
M $ 0.84086561 $ 0.84086561 $ 5.59718132 % 6.74963984
B1 $ 0.84086541 $ 0.84086541 $ 5.59718211 % 6.74964079
B2 $ 0.84086504 $ 0.84086504 $ 5.59718142 % 6.74963995
B3 $ 0.84086619 $ 0.84086619 $ 5.59718240 % 6.74964114
B4 $ 0.84086610 $ 0.84086610 $ 5.59718268 % 6.74964149
B5 $ 0.84035495 $ 0.84035495 $ 5.59718435 % 6.74964178
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2. Unanticipated Recoveries: $ 0.00
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B. Accrual Amount
1.
Accrual Amount
Class
A24 $ 235,101.78
2. The amount of servicing compensation received by the Company
during the month preceding the month of distribution:
$ 187,211.58
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $967,049,124.71
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,994
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3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
----- ------- ----------------- ------- -----
PO $ 4,302,393.19 $ 4,297,975.85 $ 982.16 GEC9915PO
A1 $ 75,901,497.72 $ 75,435,348.92 $ 931.17 ▇▇▇▇▇▇▇▇▇
A2 $ 41,664,721.08 $ 41,542,900.06 $ 966.11 ▇▇▇▇▇▇▇▇▇
A3 $ 46,496,650.93 $ 46,177,031.16 $ 923.54 ▇▇▇▇▇▇▇▇▇
A4 $ 25,578,787.00 $ 25,578,787.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A5 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A6 $ 1,200,000.00 $ 1,200,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A7 $ 300,000.00 $ 300,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A8 $ 300,000.00 $ 300,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A9 $ 300,000.00 $ 300,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A10 $ 900,000.00 $ 900,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A11 $ 3,750,000.00 $ 3,750,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A12 $ 37,265,800.00 $ 37,265,800.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A13 $ 95,018,979.18 $ 94,564,538.40 $ 945.65 ▇▇▇▇▇▇▇▇▇
A14 $ 8,297,969.00 $ 8,297,969.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A15 $ 1,461,646.00 $ 1,461,646.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A16 $ 114,610,911.14 $ 113,448,872.95 $ 890.86 ▇▇▇▇▇▇▇▇▇
A17 $ 64,991,384.00 $ 64,991,384.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A18 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A19 $ 10,000,000.00 $ 10,000,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A20 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A21 $ 23,267,941.00 $ 23,267,941.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A22 $ 20,697,840.18 $ 20,462,738.39 $ 926.71 ▇▇▇▇▇▇▇▇▇
A23 $ 30,725,150.00 $ 30,725,150.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A24 $ 41,798,009.82 $ 42,033,111.61 $ 1,040.05 ▇▇▇▇▇▇▇▇▇
A25 $ 92,616,155.00 $ 92,616,155.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A26 $ 605,000.00 $ 605,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
A27 $ 50,302,047.72 $ 49,835,898.92 $ 899.38 ▇▇▇▇▇▇▇▇▇
A28 $ 52,390,300.00 $ 52,390,300.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
2A1 $ 40,650,638.42 $ 40,576,896.96 $ 966.12 ▇▇▇▇▇▇▇▇▇
2A2 $ 9,018,000.00 $ 9,018,000.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
2A3 $ 2,003,967.00 $ 2,003,967.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
2A4 $ 9,017,699.00 $ 9,017,699.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
2A5 $ 7,234,946.00 $ 7,234,946.00 $ 1,000.00 ▇▇▇▇▇▇▇▇▇
1S $ 704,825,619.26 $ 702,001,013.60 $ 928.25 GEC99151S
2S $ 70,985,269.27 $ 70,908,951.45 $ 980.09 GEC99152S
M $ 20,991,793.83 $ 20,974,055.77 $ 994.27 ▇▇▇▇▇▇▇▇▇
B1 $ 7,497,140.30 $ 7,490,805.22 $ 994.27 ▇▇▇▇▇▇▇▇▇
B2 $ 4,497,886.14 $ 4,494,085.43 $ 994.27 ▇▇▇▇▇▇▇▇▇
B3 $ 4,997,430.13 $ 4,993,207.30 $ 994.27 ▇▇▇▇▇▇▇▇▇
B4 $ 1,999,171.07 $ 1,997,481.77 $ 994.27 ▇▇▇▇▇▇▇▇▇
B5 $ 2,501,544.31 $ 2,499,430.51 $ 994.27 ▇▇▇▇▇▇▇▇▇
R $ 0.00 $ 0.00 $ 0.00 ▇▇▇▇▇▇▇▇▇
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 20 Principal Balance $ 6,183,034.76
-------- -------------
2. 60-89 days
Number 3 Principal Balance $ 847,220.92
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 3 Principal Balance $ 782,189.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
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: $ 10,045,610.00
--------------
2. Bankruptcy Loss Amount: $ 358,194.00
--------------
3. Fraud Loss Amount: $ 10,045,610.00
--------------
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 $ 999.99 $ 0.00 $ 0.00 $ 999.99
