Exhibit 99.28
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
October, 1999
Series 1999-14, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 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 % 7.213041
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Weighted average maturity 353.97
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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 $ 1.14817324 $ 0.12631622 $ 0.00000000 %0.00000000
A1 $ 9.27958545 $ 8.13970703 $ 5.31729746 %6.50000002
A2 $28.25982453 $24.78846614 $ 5.11404996 %6.49999990
A3 $ 0.00000000 $ 0.00000000 $ 5.41666678 %6.50000013
A4 $ 7.98250387 $ 7.00195523 $ 5.33118710 %6.50000003
A5 $ 7.59534758 $ 6.66235611 $ 5.33533283 %6.49999993
A6 $ 0.00000000 $ 0.00000000 $ 5.41666650 %6.49999979
A7 $ 0.00000000 $ 0.00000000 $ 5.41666556 %6.49999867
A8 $ 0.00000000 $ 0.00000000 $ 5.41666653 %6.49999984
A9 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
S $ 0.00000000 $ 0.00000000 $ 0.39524141 %0.48052528
M $ 0.82622695 $ 0.00000000 $ 5.40355083 %6.49999991
B1 $ 0.82622625 $ 0.00000000 $ 5.40355281 %6.50000228
B2 $ 0.82622697 $ 0.00000000 $ 5.40355195 %6.50000126
B3 $ 0.82622679 $ 0.00000000 $ 5.40354775 %6.49999621
B4 $ 0.82621891 $ 0.00000000 $ 5.40354892 %6.49999765
B5 $ 0.82622046 $ 0.00000000 $ 5.40355498 %6.50000491
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:
$ 62,168.56
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 296,180,684.56
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 901
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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 $ 203,245.29 $ 203,011.13 $ 995.48 GEC9914PO
A1 $ 9,850,907.04 $ 9,757,786.40 $ 972.38 00000XXX0
A2 $ 22,866,884.65 $ 22,182,431.71 $ 915.87 00000XXX0
A3 $ 30,106,000.00 $ 30,106,000.00 $ 1,000.00 00000XXX0
A4 $ 70,663,982.40 $ 70,090,862.57 $ 976.24 00000XXX0
A5 $ 74,133,875.82 $ 73,562,219.58 $ 977.39 00000XXX0
A6 $ 19,433,000.00 $ 19,433,000.00 $ 1,000.00 00000XXX0
A7 $ 3,011,000.00 $ 3,011,000.00 $ 1,000.00 00000XXX0
A8 $ 25,043,000.00 $ 25,043,000.00 $ 1,000.00 00000XXX0
A9 $ 30,000,000.00 $ 30,000,000.00 $ 1,000.00 00000XXX0
S $ 289,335,220.74 $ 287,411,734.86 $ 980.46 GEC99014S
M $ 6,329,636.40 $ 6,324,393.99 $ 996.75 00000XXX0
B1 $ 2,257,520.44 $ 2,255,650.69 $ 996.75 00000XXX0
B2 $ 1,353,714.20 $ 1,352,593.01 $ 996.75 00000XXX0
B3 $ 1,504,348.57 $ 1,503,102.62 $ 996.75 00000XXX0
B4 $ 601,539.91 $ 601,041.70 $ 996.75 00000XXX0
B5 $ 755,216.66 $ 754,591.17 $ 996.75 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 6 Principal Balance $ 1,680,581.82
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2. 60-89 days
Number 2 Principal Balance $ 639,211.67
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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: $ 3,019,461.00
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2. Bankruptcy Loss Amount: $ 110,800.00
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3. Fraud Loss Amount: $ 3,019,461.00
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4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
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