Exhibit 99.45 GE CAPITAL MORTGAGE SERVICES, INC. SERVICER'S CERTIFICATE October, 1998 Series 1998-13, REMIC Multi-Class Pass-Through Certificates Pursuant to the Pooling and Servicing Agreement dated as of August 1, 1998 (the "Agreement") between GE...
Exhibit 99.45
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
October, 1998
Series 1998-13, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of August 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:
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 $ 701,220.31
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(b) Interest $ 5,429,895.99
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(c) Total $ 6,131,116.30
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2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 620,988.19
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(b) Interest $ 4,800,290.87
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(c) Total $ 5,421,279.06
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3. Aggregate Monthly Advances this month:
(a) Principal $ 80,232.12
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(b) Interest $ 629,605.12
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(c) Total $ 709,837.24
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4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 299,549.53
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5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 7,625,672.10
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(b) Interest $ 42,706.94
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(c) Total $ 7,668,379.04
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6. Aggregate Insurance Proceeds received:
(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 Liquidation Proceeds received:
(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 Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
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9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
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10. Aggregate Purchase Prices for Defaulted 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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11. Aggregate Purchase Prices 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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12. Pool Scheduled Principal Balance: $ 886,707,150.43
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13. Available Funds: $ 13,655,734.18
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14. Realized Losses for prior month: $ 0.00
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15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
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(b) Deficient Valuations: $ 0.00
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(c) Debt Service Reductions: $ 0.00
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(d) Bankruptcy Losses: $ 0.00
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(e) Special Hazard Losses: $ 0.00
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(f) Fraud Losses: $ 0.00
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(g) Excess Bankruptcy Losses: $ 0.00
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(h) Excess Special Hazard Losses: $ 0.00
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(i) Excess Fraud Losses: $ 0.00
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16. Non-Credit Losses: $ 0.00
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17. Compensating Interest Payment: $ 7,319.52
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18. Total interest payments: $ 5,029,292.26
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19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 283,965.02 $ 0.00 $ 283,965.02 %6.750000075
A2 $ 163,736.44 $ 0.00 $ 163,736.44 %6.750000089
A3 $ 613,419.08 $ 0.00 $ 613,419.08 %6.750000003
A4 $ 558,136.70 $ 0.00 $ 558,136.70 %6.750000050
A5 $ 123,193.13 $ 0.00 $ 123,193.13 %6.750000274
A6 $ 213,526.04 $ 0.00 $ 213,526.04 %6.249999951
A7 $ 104,166.67 $ 0.00 $ 104,166.67 %6.250000200
A8 $ 156,250.00 $ 0.00 $ 156,250.00 %6.250000000
A9 $ 169,870.95 $ 0.00 $ 169,870.95 %6.249999885
A10 $ 178,060.46 $ 0.00 $ 178,060.46 %6.050000033
A11 $ 72,107.13 $ 0.00 $ 72,107.13 %2.450000067
A12 $ 331,734.41 $ 0.00 $ 331,734.41 %6.150000062
A13 $ 126,760.29 $ 0.00 $ 126,760.29 %9.064284739
A14 $ 324,160.10 $ 0.00 $ 324,160.10 %6.750000008
A15 $ 392,748.25 $ 0.00 $ 392,748.25 %6.250000038
A16 $ 82,895.60 $ 0.00 $ 82,895.60 %8.678570705
A17 $ 32,496.53 $ 0.00 $ 32,496.53 %8.269864746
A18 $ 25,997.22 $ 0.00 $ 25,997.22 %9.249999738
A19 $ 92,291.53 $ 0.00 $ 0.00 %6.750000083
A20 $ 200,008.34 $ 0.00 $ 200,008.34 %6.549999877
A21 $ 74,812.28 $ 0.00 $ 74,812.28 %7.349999877
A22 $ 150,551.47 $ 0.00 $ 150,551.47 %6.499999892
A23 $ 46,323.53 $ 0.00 $ 46,323.53 %7.714286190
A24 $ 215,971.88 $ 0.00 $ 215,971.88 %6.750000156
A25 $ 67,976.72 $ 0.00 $ 67,976.72 %6.550000120
A26 $ 25,426.41 $ 0.00 $ 25,426.41 %7.350001084
RL $ 0.00 $ 0.00 $ 0.00 %0.000000000
M $ 93,752.09 $ 0.00 $ 93,752.09 %6.749999871
B1 $ 40,541.60 $ 0.00 $ 40,541.60 %6.750000502
B2 $ 22,802.89 $ 0.00 $ 22,802.89 %6.749999452
B3 $ 20,270.80 $ 0.00 $ 20,270.80 %6.750000502
B4 $ 10,133.99 $ 0.00 $ 10,133.99 %6.749997273
B5 $ 15,204.68 $ 0.00 $ 15,204.68 %6.750001704
20. Principal Distribution Amount: $ 8,626,441.92
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21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,229.53 $ 0.00
Class A1 $ 722,574.85 $ 0.00
Class A2 $ 609,744.70 $ 0.00
Class A3 $ 1,303,556.98 $ 0.00
Class A4 $ 1,066,948.17 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 278,139.73 $ 0.00
Class A13 $ 72,110.30 $ 0.00
Class A14 $ 554,812.76 $ 0.00
Class A15 $ 80,088.32 $ 0.00
Class A16 $ 20,655.04 $ 0.00
Class A17 $ 63.31 $ 0.00
Class A18 $ 45.28 $ 0.00
Class A19 $ 3,980,545.88 $ 92,291.53
Class A20 $ 0.00 $ 0.00
Class A21 $ 0.00 $ 0.00
Class A22 $ 0.00 $ 0.00
Class A23 $ 0.00 $ 0.00
Class A24 $ 0.00 $ 0.00
Class A25 $ 0.00 $ 0.00
Class A26 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 13,051.18 $ 0.00
Class B1 $ 5,643.77 $ 0.00
Class B2 $ 3,174.38 $ 0.00
Class B3 $ 2,821.89 $ 0.00
Class B4 $ 1,410.75 $ 0.00
Class B5 $ 2,116.63 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
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23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.03
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24. Subordinate Certificate Writedown Amount: $ 0.00
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Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
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26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A10 % 6.05000003
Class A11 % 2.45000007
Class A12 % 6.15000006
Class A13 % 9.06428474
Class A15 % 6.25000004
Class A16 % 8.67857070
Class A17 % 8.26986475
Class A18 % 9.24999974
Class A20 % 6.54999988
Class A21 % 7.34999988
Class A22 % 6.49999989
Class A23 % 7.71428619
Class A25 % 6.55000012
Class A26 % 7.35000108
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 172,310.38
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3. Supplemental Servicing Fee amount: $ 266,957.67
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4. Credit Losses for prior month: $ 0.00
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Category Category Category
A B C
5. Senior Percentage: % 95.969492 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 4.030508
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12. Junior Prepayment Percentage:
% 0.000000
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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/ ▇▇▇ ▇▇▇▇
-------------------------------
Name: ▇▇▇ ▇▇▇▇
Title: Vice President
Investor Operations