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GE CAPITAL MORTGAGE SERVICES, INC. $587.9 MILLION 1993-5 RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, June 2 /PRNewswire/ -- GE Capital Mortgage Services, Inc. ("GECMSI"), $441.4 million REMIC multiclass pass-through certificates, Series 1993-5A, and $146.5 million REMIC multiclass pass-through certificates, Series 1993-5F, are rated "AAA" by Fitch.
 Credit loss coverage for both series reflect a 7.50 percent General Electric Mortgage Insurance Corp. ("GEMICO") mortgage pool insurance policy, which also contains a fraud waiver covering borrower fraud losses up to a specified amount. Special hazard loss coverage will be provided by a $5.1 million Aetna Casualty and Surety Co. special hazard insurance policy. Losses due to borrower bankruptcy will be funded by GECMSI up to a limited amount and guaranteed by General Electric Capital Corp. The rating also reflects Fitch's confidence in the integrity of the legal and financial structures as well as the quality of the underlying collateral.
 The certificates are collateralized by two separate pools of fixed- rate, recently originated, conventional, fully amortizing mortgage loans secured by first liens on one- to four-family residential properties. The pool 1993-5A mortgage loans collateralize Classes 5A-A through 5A-K, 5A-M1, 5A-M2, and 5A-R and consist of mortgage loans with original terms to maturity of 20-30 years. The pool 1993-5F mortgage loans, collateralizing classes 5F-A through 5F-G, 5F-M, and 5F-R, consist of mortgage loans with original terms to maturity of 10-15 years.
 Credit enhancement for the total mortgage pool reflects the presence of limited documentation, cash-out refinance, and jumbo loans (balances greater than $300,000), which constitute 14.0 percent, 10.1 percent and 47.9 percent, respectively. However, 15-year loans comprise 25 percent of the combined pool in addition to 98 percent of the mortgage loans secured by primary residences, which should help mitigate the potential for defaults and losses. The overall weighted average original loan-to- value ratio for both mortgage loan pools is approximately 72 percent. The mortgaged properties are located primarily in California (15 percent Northern and 17 percent Southern) and New Jersey (12 percent).
 GECSMI, a wholly owned subsidiary of GE Capital Mortgage Corp., deposited the loans in the trust, which issued the certificates. GE Capital Mortgage Services, Inc., will act as servicer for the pool. A real estate mortgage investment conduit election will be made with respect to the trust fund for federal income tax purposes.
 -0- 6/2/93
 /CONTACT: Joanne M. Scatassa, 212-908-0671, or Betty Tan, 212-908-0688, both of Fitch/


CO: GE Capital Mortgage Services, Inc. ST: IN: FIN SU: RTG

GK -- NY078 -- 4604 06/02/93 16:28 EDT
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Date:Jun 2, 1993
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