Exhibit 99.36
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
February 1998
REMIC Multi-Class Pass-Through Certificates
Series 1998-1
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998
(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:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
1) The amount of such distribution allocable to principal:
Class 01-A1.....$ 21.68074102 Class 01-B3.....$ 3.09778774
Class 01-A2.....$ 26.32556342 Class 01-B4.....$ 3.09779043
Class 01-A3.....$ 3.09778698 Class 01-B5.....$ 3.09771535
Class 01-PO.....$ 3.58894887 Class 01-R......$ 1,000.00000000
Class 01-M......$ 3.09778978
Class 01-B1.....$ 3.09779161
Class 01-B2.....$ 3.09779709
2) Principal Prepayments included in the above principal distribution
(including the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to Section 2.02,
2.03 (b) or 3.16, respectively, and any amounts deposited pursuant to
Section 2.03(b) in connection with the substitution of any Mortgage
Loans pursuant to Section 2.02 or 2.03(a), the proceeds of which are
being distributed on such Distribution Date):
Class 01-A1.....$ 18.58057977 Class 01-B3.....$ 0.00000000
Class 01-A2.....$ 22.56123214 Class 01-B4.....$ 0.00000000
Class 01-A3.....$ 2.65482983 Class 01-B5.....$ 0.00000000
Class 01-PO.....$ 3.07575976 Class 01-R......$ 857.00851994
Class 01-M......$ 0.00000000
Class 01-B1.....$ 0.00000000
Class 01-B2.....$ 0.00000000
3) The amount of such distribution to the Certificateholders of each
class, allocable to Interest; Pay-out Rate:
Class 01-A1.....$ 5.62500000 Class 01-B4.....$ 5.62488969
Class 01-A2.....$ 5.62500002 Class 01-B5.....$ 5.62490931
Class 01-A3.....$ 5.62500009 Class 01-R......$ 5.60000000
Class 01-M......$ 5.62499875
Class 01-B1.....$ 5.62499813
Class 01-B2.....$ 5.62499625
Class 01-B3.....$ 5.62499610
4) The amount of such distribution allocable to Unanticipated Recoveries:
Class 01-A1................$ 0.00
Class 01-A2................$ 0.00
Class 01-A3................$ 0.00
Class 01-PO................$ 0.00
Class 01-M.................$ 0.00
Class 01-B1................$ 0.00
Class 01-B2................$ 0.00
Class 01-B3................$ 0.00
Class 01-B4................$ 0.00
Class 01-B5................$ 0.00
Class 01-R.................$ 0.00
5) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:.......$ 29,089.30
The amounts below are for the aggregate of all Certificates.
6) The Pool Scheduled Principal Balances of each Mortgage Pool on the
preceding Due Date after giving effect to all distributions allocable
to principal made on such Distribution Date:....$ 195,937,691.74
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:................... 601
7) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to (i) all distributions allocable to principal
made on such Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 01-A1...............$ 61,311,267.96 $ 978.32
Class 01-A2...............$ 103,490,044.83 $ 973.67
Class 01-A3...............$ 26,489,745.42 $ 996.90
Class 01-PO...............$ 156,196.39 $ 996.41
Class 01-M................$ 1,496,783.87 $ 996.90
Class 01-B1...............$ 997,854.25 $ 996.90
Class 01-B2...............$ 498,924.63 $ 996.90
Class 01-B3...............$ 798,284.40 $ 996.90
Class 01-B4...............$ 299,354.78 $ 996.90
Class 01-B5...............$ 399,235.23 $ 996.90
Class 01-R................$ 0.00 $ 0.00
8) The following pertains to any real estate acquired on behalf of
Certificateholders through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan:
book value.........................................$ 0.00
unpaid principal balance...........................$ 0.00
number of related mortgage loans................... 0
9) 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:
(a) delinquent
(1) 30-59 days
Number 6 Principal Balance $ 1,814,323.22
(2) 60-89 days
Number 0 Principal Balance $ 0.00
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 0 Principal Balance $ 0.00
10) Aggregate Scheduled Principal and number of replaced Mortgage
Loans:.............................................$ 0.00
11) The Scheduled Principal Balance of any Mortgage Loan replaced pursuant
to Section 2.03(b), and of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c): ......................$ 0.00
12) Senior Percentage for such Distribution Date: ......... 97.74819500%
13) Senior Prepayment Percentage for such Distribution
Date: ................................................ 100.00000000%
14) Class A3 Percentagee for such Distribution Date: ....... 13.28372589%
15) Class A3 Prepayment Percentage for such Distribution
Date: ................................................. 0.00000000%
16) Junior Percentage for such Distribution Date: .......... 2.25180500%
17) Junior Prepayment Percentage for such Distribution
Date: ................................................. 0.00000000%