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GE CAPITAL MORTGAGE SERVICES $198.6 MILLION SERIES 1993-6 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, July 12 /PRNewswire/ -- GE Capital Mortgage Services, Inc. (GECMSI) $198.6 million REMIC multiclass pass-through certificates, series 1993-6 are rated "AAA" by Fitch.
 Credit loss coverage for the certificates reflects a 8.25 percent General Electric Mortgage Insurance Corp. (GEMICO) mortgage pool insurance policy as well as a 2.0 percent PMI mortgage pool insurance policy. GEMICO and PMI Mortgage Insurance Co. certified loans represent approximately 83 percent and 17 percent of the pool's aggregate principal balance, respectively. The PMI pool policy will cover losses due to PMI loans up to 2.0 percent, thereafter the GEMICO policy will insure such losses. The GEMICO policy also contains a fraud waiver covering borrower fraud losses for PMI and GEMICO loans up to a specified amount. Special hazard loss coverage will be provided by a $1.9 million Aetna Casualty and Surety Co. special hazard insurance policy. Losses due to borrower bankruptcy will be covered by GECMSI up to a limited amount and, in turn, are 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 a pool of 30-year fixed rate, recently originated, conventional, fully amortizing, mortgage loans secured by first liens on one- to four-family residential properties. Loans originated under a limited documentation program account for approximately 7 percent of the pool, cash-out refinance loans 10 percent, and jumbo loans (balances greater than $300,000) 46 percent. The weighted average original loan-to-value ratio (LTV) is approximately 73 percent The mortgaged properties are located primarily in California (30 percent Southern and 18 percent Northern) and New Jersey (10 percent).
 GECMSI, a wholly owned subsidiary of GE Capital Mortgage Corp., deposited the loans in the trust, which issued the certificates. GECMSI will service 55 percent of the mortgage loans' aggregate principal balance and master service the remainder. A real estate mortgage investment conduit (REMIC) election will be made with respect to the trust fund for federal income tax purposes.
 -0- 7/12/93
 /CONTACT: Joanne M. Scatassa, 212-908-0671, or Betty Tan, 212-908-0688, both of Fitch/
 (GE)


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

TS -- NY044 -- 0399 07/12/93 11:57 EDT
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Date:Jul 12, 1993
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