Exhibit 99.26
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
August, 1999
Series 1999-13, 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 % 7.159714
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Weighted average maturity 355.00
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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 $ 1.17779358 $ 0.24132353 $ 0.00000000 % 0.00000000
A1 $ 17.75839051 $ 16.08740067 $ 5.31666667 % 6.49999987
A2 $ 0.00000000 $ 0.00000000 $ 5.17812471 % 6.21374965
A3 $ 0.82412955 $ 0.74658235 $ 5.41223780 % 6.49999988
A4 $ 0.00000000 $ 0.00000000 $ 5.31621950 % 6.37946340
A5 $ 0.00000000 $ 0.00000000 $ 5.83333529 % 7.00000235
A6 $ 0.00000000 $ 0.00000000 $ 5.83333263 % 6.99999915
A7 $ 0.00000000 $ 0.00000000 $ 5.83333500 % 7.00000200
A8 $ 10.22165172 $ 9.25983759 $ 6.18358517 % 7.49999998
A9 $ 12.71670650 $ 11.52011799 $ 4.93389896 % 6.00000004
A10 $ 10.22165172 $ 9.25983759 $ 5.56522655 % 6.74999986
A11 $ 10.22165180 $ 9.25983750 $ 5.77134620 % 7.00000003
A12 $ 0.00000000 $ 0.00000000 $ 5.41666683 % 6.50000019
A13 $ 0.00000000 $ 0.00000000 $ 5.83333237 % 6.99999884
A14 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A15 $ 0.00000000 $ 0.00000000 $ 5.83333254 % 6.99999905
A16 $ 0.00000000 $ 0.00000000 $ 5.83332895 % 6.99999474
A17 $ 0.00000000 $ 0.00000000 $ 5.00000000 % 6.00000000
S $ 0.00000000 $ 0.00000000 $ 0.35116263 % 0.42522193
M $ 0.82412954 $ 0.00000000 $ 5.41223791 % 6.50000001
B1 $ 0.82412898 $ 0.00000000 $ 5.41223709 % 6.49999903
B2 $ 0.82413024 $ 0.00000000 $ 5.41223907 % 6.50000141
B3 $ 0.82413087 $ 0.00000000 $ 5.41223605 % 6.49999778
B4 $ 0.82412651 $ 0.00000000 $ 5.41223896 % 6.50000128
B5 $ 0.82413240 $ 0.00000000 $ 5.41224133 % 6.50000411
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:
$ 104,947.77
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 490,263,645.85
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,461
-----------------
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 00000X0X0
PO $ 447,530.64 $ 447,002.71 $ 997.25 GEC9913PO
A1 $ 40,170,443.85 $ 39,443,663.96 $ 963.78 00000X0X0
A2 $ 14,475,476.00 $ 14,475,476.00 $ 1,000.00 00000X0X0
A3 $ 47,671,547.94 $ 47,632,228.26 $ 998.36 00000X0X0
A4 $ 4,053,134.00 $ 4,053,134.00 $ 1,000.00 00000X0X0
A5 $ 2,551,890.00 $ 2,551,890.00 $ 1,000.00 00000X0X0
A6 $ 4,712,416.00 $ 4,712,416.00 $ 1,000.00 00000X0X0
A7 $ 2,000,000.00 $ 2,000,000.00 $ 1,000.00 00000X0X0
A8 $ 28,691,835.27 $ 28,395,407.37 $ 979.15 00000X0X0
A9 $ 136,821,951.20 $ 135,058,716.26 $ 974.06 00000X0X0
A10 $ 28,691,835.27 $ 28,395,407.37 $ 979.15 00000X0X0
A11 $ 98,937,363.02 $ 97,915,197.83 $ 979.15 00000X0X0
A12 $ 20,707,000.00 $ 20,707,000.00 $ 1,000.00 00000X0X0
A13 $ 3,448,000.00 $ 3,448,000.00 $ 1,000.00 00000X0X0
A14 $ 676,358.00 $ 676,358.00 $ 1,000.00 00000X0X0
A15 $ 4,204,000.00 $ 4,204,000.00 $ 1,000.00 00000X0X0
A16 $ 1,140,642.00 $ 1,140,642.00 $ 1,000.00 00000X0X0
A17 $ 33,845,000.00 $ 33,845,000.00 $ 1,000.00 00000X0X0
S $ 472,529,558.05 $ 468,392,577.13 $ 982.32 GEC99013S
M $ 10,474,428.90 $ 10,465,789.55 $ 998.36 00000X0X0
B1 $ 3,733,944.56 $ 3,730,864.79 $ 998.36 00000X0X0
B2 $ 2,240,166.90 $ 2,238,319.20 $ 998.36 00000X0X0
B3 $ 2,488,963.31 $ 2,486,910.40 $ 998.36 00000X0X0
B4 $ 995,185.65 $ 994,364.82 $ 998.36 00000X0X0
B5 $ 1,246,885.98 $ 1,245,857.54 $ 998.36 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 13 Principal Balance $ 3,982,111.77
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2. 60-89 days
Number 0 Principal Balance $ 0.00
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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
-------- -------------
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
A2 % 6.21374965
A4 % 6.37946340
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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G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
----- ------- ------ --------------- -------
A7 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A13 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A15 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A17 $ 999.99 $ 0.00 $ 0.00 $ 999.99
