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GE CAPITAL MORTGAGE SERVICES INC. SERIES 1993-11 RATED BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Sept. 29 /PRNewswire/ -- GE Capital Mortgage Services Inc.'s (GECMSI) $93.9 million mortgage pass-through certificates, series 1993-11, classes 11-A1 through 11-A7, and 11-R (senior certificates), are rated 'AAA' by Fitch. In addition, the issuer's $1.7 million class 11-M certificates are rated 'AA', the $1.2 million class 11-B1 certificates 'A', and $739,400 class 11-B2 certificates 'BBB'.
 Credit enhancement for the senior certificates reflects 4.75 percent of subordination provided by classes 11-M and 11-B1 through 11-B5 (junior certificates). The 'AA' rated class 11-M is supported by the 3.00 percent subordinate classes 11-B1 through 11-B5. Support for the 'A' rated class 11-B1 certificates is provided by the 1.75 percent subordinate 11-B2 through 11-B5 certificates, and credit enhancement for the 'BBB' rated 11-B2 certificates is provided by the 1.00 percent unoffered class 11-B3 through 11-B5 certificates. Fitch believes the subordination amounts will be adequate to cover mortgagor defaults as well as limited bankruptcy, fraud, and special hazard losses. In addition, the ratings reflect the quality of the mortgage collateral, strength of the legal and financial structures, and GECMSI's servicing capabilities as master servicer.
 The issue is securitized by a mortgage pool consisting of recently originated, conventional, fully amortizing, 10- and 15-year fixed-rate, mortgage loans secured by first liens on one- to four-family residential properties. The mortgage pool demonstrates a weighted average original loan-to-value ratio (LTV) of 69.4 percent. Loans originated under a limited documentation and simplified refinance program account for approximately 5.6 percent and 15 percent, respectively; cash-out refinance loans 8.2 percent; jumbo loans 43.1 percent (balances between $300,001--$600,000); and super jumbo loans 1.3 percent (balances between $600,001-$1,000,000). The geographic distribution of the mortgage loans is fairly diverse, with the largest concentrations in New Jersey (18 percent) and California (9.5 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 (REMIC) election will be made with respect to the trust fund for federal income tax purposes.
 -0- 9/29/93
 /CONTACT: Betty Tan, 212-908-0688, or Joanne M. Scatassa, 212-908-0671, both of Fitch/


CO: GE Capital Mortgage Corporation ST: New York IN: FIN SU: RTG

TM -- NY078 -- 6984 09/29/93 16:52 EDT
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Date:Sep 29, 1993
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