Exhibit 99.52
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February, 1999
Series 1998-16, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of September 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 % 7.086497
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Weighted average maturity 171.51
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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 $ 14.20479475 $ 10.76304261 $ 0.00000000 %0.00000000
A1 $ 49.70419247 $ 45.61671695 $ 5.13459604 %6.50000000
A2 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A3 $ 3.23042444 $ 2.96476704 $ 5.34595074 %6.50000004
A5 $ 49.70419248 $ 45.61671683 $ 4.93711149 %6.24999988
A4 $ 0.00000000 $ 0.00000000 $ 0.19748455 %0.25000012
A6 $ 38.13603953 $ 34.99988291 $ 5.18994901 %6.49999996
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
M $ 3.23042322 $ 0.00000000 $ 5.34594971 %6.49999878
B1 $ 3.23042132 $ 0.00000000 $ 5.34594473 %6.49999272
B2 $ 3.23042132 $ 0.00000000 $ 5.34594473 %6.49999272
B3 $ 3.23042736 $ 0.00000000 $ 5.34594888 %6.49999778
B4 $ 3.23042132 $ 0.00000000 $ 5.34594473 %6.49999276
B5 $ 3.23042051 $ 0.00000000 $ 5.34595261 %6.50000230
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:
$ 46,291.97
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 229,794,576.00
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 759
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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 00000XXX0
PO $ 437,110.04 $ 430,809.83 $ 971.33 GEC9816PO
A1 $ 50,450,940.93 $ 47,805,560.59 $ 898.22 00000XXX0
A2 $ 6,750,000.00 $ 6,750,000.00 $ 1,000.00 00000XXX0
A3 $ 26,647,508.13 $ 26,560,286.66 $ 983.71 00000XXX0
A5 $ 47,870,233.87 $ 45,360,172.15 $ 898.22 00000XXX0
A4 $ 47,870,233.87 $ 45,360,172.15 $ 898.22 00000XXX0
A6 $ 102,042,382.78 $ 97,980,894.57 $ 920.01 00000XXX0
SUP $ 215,350,034.03 $ 207,012,561.56 $ 918.89 GE9816SUP
RL $ 0.00 $ 0.00 $ 0.00 GEC9816RL
M $ 1,846,111.73 $ 1,840,069.11 $ 983.71 00000XXX0
B1 $ 615,369.92 $ 613,355.72 $ 983.71 00000XXX0
B2 $ 615,369.92 $ 613,355.72 $ 983.71 00000XXX0
B3 $ 1,107,666.84 $ 1,104,041.27 $ 983.71 00000XXX0
B4 $ 369,221.95 $ 368,013.43 $ 983.71 00000XXX0
B5 $ 369,225.10 $ 368,016.57 $ 983.71 00000XXX0
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 5 Principal Balance $ 1,330,931.57
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2. 60-89 days
Number 1 Principal Balance $ 480,775.95
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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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