Exhibit 99.18
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January, 2000
GEM Trust 99-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 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 % 7.614401
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Weighted average maturity 344.29
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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
----- ----------- ----------- ----------- -----------
P $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
IA1 $ 6.59580063 $ 5.78707536 $ 4.61918893 % 6.62499996
IA2 $ 0.00000000 $ 0.00000000 $ 5.83333684 % 7.00000421
IA3 $ 0.00000000 $ 0.00000000 $ 5.52083333 % 6.62500000
IA4 $ 0.00000000 $ 0.00000000 $ 5.52083206 % 6.62499847
IA5 $ 8.88257105 $ 7.79345983 $ 4.30658211 % 6.62500010
IA6 $ 0.00000000 $ 0.00000000 $ 5.52083322 % 6.62499986
IA7 $ 0.00000000 $ 0.00000000 $ 5.62500306 % 6.75000367
IA8 $ 0.00000000 $ 0.00000000 $ 6.06354288 % 7.27625145
IA9 $ 0.00000000 $ 0.00000000 $ 1.94647228 % 2.33576674
IA10 $ 0.00000000 $ 0.00000000 $ 8.33337179 %10.00004614
IIA1 $ 7.86339846 $ 7.10644544 $ 5.26543772 % 6.99999999
IIA2 $ 7.86339800 $ 7.10644543 $ 0.00000000 % 0.00000000
AR $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
X $ 0.00000000 $ 0.00000000 $ 4.65425392 % 6.62500010
M $ 0.81985684 $ 0.81985684 $ 5.48625558 % 6.62499944
B1 $ 0.81985693 $ 0.81985693 $ 5.48625659 % 6.62500066
B2 $ 0.81985756 $ 0.81985756 $ 5.48625628 % 6.62500029
B3 $ 0.81985526 $ 0.81985526 $ 5.48625628 % 6.62500027
B4 $ 0.81985308 $ 0.81985308 $ 5.48626020 % 6.62500503
B5 $ 0.81985693 $ 0.81985240 $ 5.48625544 % 6.62500008
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:
$ 79,024.79
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C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 347,465,789.91
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2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,763
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3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
----- ------- ----------------- ------- -----
P $ 216,984.63 $ 224,315.96* $ 990.12 00000X0X0
IA1 $ 104,362,131.37 $ 103,539,416.46 $ 830.09 00000X0X0
IA2 $ 950,000.00 $ 950,000.00 $ 1,000.00 00000X0X0
IA3 $ 19,800,000.00 $ 19,800,000.00 $ 1,000.00 00000X0X0
IA4 $ 1,310,000.00 $ 1,310,000.00 $ 1,000.00 00000X0X0
IA5 $ 24,776,878.73 $ 24,494,743.58 $ 771.18 00000X0X0
IA6 $ 11,012,220.00 $ 11,012,220.00 $ 1,000.00 00000X0X0
IA7 $ 817,500.00 $ 817,500.00 $ 1,000.00 00000X0X0
IA8 $ 2,889,545.00 $ 2,889,545.00 $ 1,000.00 00000X0X0
IA9 $ 647,926.00 $ 647,926.00 $ 1,000.00 00000X0X0
IA10 $ 130,029.00 $ 130,029.00 $ 1,000.00 00000X0X0
IIA1 $ 150,979,937.33 $ 149,664,676.65 $ 894.78 00000X0X0
IIA2 $ 8,546,033.80 $ 8,471,585.08 $ 894.78 00000X0X0
AR $ 0.00 $ 0.00 $ 0.00 00000X0X0
X $ 39,026,475.51 $ 38,792,288.74 $ 837.98 00000X0X0
M $ 8,824,967.39 $ 8,817,686.58 $ 992.92 00000X0X0
B1 $ 5,098,869.23 $ 5,094,662.54 $ 992.92 00000X0X0
B2 $ 4,314,428.19 $ 4,310,868.69 $ 992.92 00000X0X0
B3 $ 2,157,214.10 $ 2,155,434.34 $ 992.92 00000X0X0
B4 $ 1,176,662.05 $ 1,175,691.28 $ 992.92 00000X0X0
B5 $ 1,961,106.09 $ 1,959,488.13 $ 992.92 00000X0X0
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 $ 3,653,873.97
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2. 60-89 days
Number 1 Principal Balance $ 174,477.59
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3. 90 days or more
Number 0 Principal Balance $ 0.00
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4. In Foreclosure
Number 3 Principal Balance $ 828,841.95
-------- -------------
5. Real Estate Owned
Number 1 Principal Balance $ 73,739.19
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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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7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any
floating index certificate:
Certificate Interest
Class Rates
IA8 % 7.27625145
IA9 % 2.33576674
IA10 % 10.00004614
E. Other Information:
1. Special Hazard Loss Amount: $ 4,152,644.00
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2. Bankruptcy Loss Amount: $ 135,125.00
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3. Fraud Loss Amount: $ 7,893,855.00
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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
----- ------- ------ --------------- -------
IA2 $ 999.99 $ 0.00 $ 0.00 $ 999.99
* The balance of the Class P Certificate has been increased to reflect the
reversal of a Curtailment of a Class P Mortgage Loan previously allocated to the
Class P Certificate holder.
