EXHIBIT 99.17

KPMG
1600 Market Street
Philadelphia, PA  19103-7212

                         Independent Accountants' Report

The Board of Directors
GE Capital Mortgage Services, Inc.:

We have examined  management's  assertion  about GE Capital  Mortgage  Services,
Inc.'s (the Company's) compliance with the minimum servicing standards set forth
in the Mortgage  Bankers  Association of America's  Uniform  Single  Attestation
Program for Mortgage  Bankers (USAP) for master serviced loans  (including those
serviced by the Company  pursuant to various  pooling and  servicing  agreements
relating to the Company's publicly rated  mortgage-backed  securities  program),
insofar as the assertion  relates to minimum  servicing  standards  I.1.,  I.2.,
I.3., III.1.,  III.5.,  IV.1., and VII.1., as of and for the year ended December
31, 2000,  included in the  accompanying  management  assertion.  Management  is
responsible for the Company's compliance with those minimum servicing standards.
Our responsibility is to express an opinion on management's  assertion,  insofar
as it relates to the above  mentioned  minimum  servicing  standards,  about the
Company's  compliance based on our  examination.  In as much as the Company does
not service  the loans  underlying  the master  servicing  directly,  we did not
examine the Company's  compliance with minimum servicing  standards I.4., II.1.,
II.2., II.3., II.4., III.2.,  III.3., III.4., III.6., V.1., V.2., V.3., V.4. and
VI.1.,  of the USAP.  With respect to those loans not serviced,  our  procedures
consisted of obtaining and reading the most recently  available reports from the
primary  servicers'  independent  auditors.  Our  opinion as  expressed  herein,
insofar  as it relates  to such  minimum  standards  performed  by such  primary
servicers,  is based  solely  upon the  reports  of the  respective  independent
auditors.

Our  examination  was  made in  accordance  with  standards  established  by the
American  Institute of Certified Public Accountants and,  accordingly,  included
examining,  on a test basis,  evidence about the Company's  compliance  with the
minimum servicing standards specified above and performing such other procedures
as we considered necessary in the circumstances. We believe that our examination
provides a reasonable basis for our opinion.  Our examination does not provide a
legal  determination  on the  Company's  compliance  with the minimum  servicing
standards specified above.

In our opinion,  except for the  material  non-compliance  with various  minimum
servicing standards noted in our reading of other independent  auditors' reports
as discussed  above,  management's  assertion that the Company complied with the
aforementioned minimum servicing standards as of and for the year ended December
31, 2000, is fairly stated, in all material respects.

As discussed in management's  assertion,  the following material  non-compliance
occurred  at the  master  servicer's  primary  servicers  during  the year ended
December  31,  2000.  Several  reports  obtained  from  the  primary  servicers'
independent  auditors  contained  exceptions,  which in their opinion,  the USAP
required them to report. These exceptions are listed on the attached Schedule of
Findings.

These conditions were considered in determining the nature,  timing,  and extent
of  audit  tests  applied  in our  audit  of  the  2000  consolidated  financial
statements, and this report does not affect our report dated January 22, 2001 on
those consolidated financial statements.

                                  /s/ KPMG LLP

January 22, 2001

<PAGE>

                 Schedule of Findings - Primary Servicers' USAP

We obtained 113 USAP reports from the primary  servicers'  independent  auditors
based on their independent review of the primary  servicers'  mortgage servicing
operations in accordance with the Uniform Single Attestation  Program (USAP) for
Mortgage  Bankers.  The  following  summarizes  the findings on the reports that
disclose exceptions:

Instances  of  exceptions  with  respect  to: o Custodial  Bank  Accounts - nine
primary  servicers o  Disbursements  - four primary  servicers o Mortgagor  Loan
Accounting - three primary servicers o Delinquencies - one primary servicer

Where the Company is the primary  servicer,  a separate report was issued on the
review of the Company's  mortgage  servicing  operations in accordance  with the
USAP for Mortgage Bankers, which report is dated January 22, 2001.

<PAGE>

As of and for the year ended  December 31, 2000, GE Capital  Mortgage  Services,
Inc.  (the  Company)  has  complied in all  material  respects  with the minimum
servicing  standards  for master  servicers  set forth in the  Mortgage  Bankers
Association of America's Uniform Single Attestation Program for Mortgage Bankers
(USAP).  With respect to minimum  servicing  standards I.4, II.1,  III.2,  II.3,
II.4, III.2,  III.3,  III.4, III.6, V.1, V.2, V.3, V.4 and VI.1 of the USAP, the
Company relies on the  performance of its primary  servicers.  As of and for the
same period,  the Company had in effect a fidelity bond and errors and omissions
policy in the amount of $150 million and $150 million, respectively.

With  respect to the  Schedule  of Findings  related to the  primary  servicers'
USAP's where the Company acts as master  servicer,  the Company  responds in the
following manner:

1.   Custodial  Bank Accounts:  Of the nine primary  servicers with bank account
     reconciliation findings, all have taken the necessary corrective action and
     therefore  should  avoid  future  findings.  Each of the primary  servicers
     provided  written  verification  that the bank  accounts  involved  did not
     include accounts maintained for the Company.

2.   Disbursements:  The four  primary  servicers  with an  escrow  disbursement
     finding have taken the necessary  corrective  action and  therefore  should
     avoid future findings. Such primary servicers provided written verification
     that the finding did not involve loans serviced for the Company.

3.   Mortgage  Loan  Accounting:  Of the three primary  servicers  with mortgage
     accounting  related  findings,  all have  taken the  necessary  action  and
     therefore should avoid future findings.  Each of the primary  servicers has
     provided written  verification  that the findings did not involve any loans
     serviced for the Company.

4.   Delinquencies:  The one primary  servicer  with a  delinquency  finding has
     taken the necessary  corrective  action and  therefore  should avoid future
     findings.  Such primary  servicer  provided written  verification  that the
     finding did not involve loans serviced for the company.

The Company  follows the following  procedures  in  connection  with the primary
servicers who had exceptions reported in their USAP's:

1.   Investigate  the USAP  findings and obtain  written  verification  that the
     loans  serviced  for the Company are not affected by the  findings.  In the
     event it is determined  that such loans are so affected,  the Company would
     pursue ways to put corrective action plans and procedures in place.

2.   Perform  annual due diligence  reviews to validate  such primary  servicers
     continued  compliance  with  the  servicing   requirements  stated  in  the
     Company's Seller's/Servicer's Guide.

3.   Perform monthly primary  servicer  reviews of compliance with reporting and
     remittance requirements.

4.   In the event of continued  non-compliance  with corrective action plans and
     procedures, seek termination of servicing rights, with cause.

/s/ Jacqui M. Peace
-------------------
Jacqui M. Peace
Senior Vice President & General Manager
GE Capital Mortgage Services, Inc.