SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported) DECEMBER 7, 1998
CHASE FUNDING, INC.
(Exact name of registrant as specified in its charter)
NEW YORK 333-64131 13-3840732
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) ID Number)
343 THORNALL STREET, EDISON, NEW JERSEY 08837
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number,
including area code: (732) 205-0600
N/A
(Former name or former address, if changed since last report)
<PAGE>
Item 5. OTHER EVENTS
FILING OF COMPUTATIONAL MATERIALS AND CONSENT OF INDEPENDENT ACCOUNTANTS.
This Current Report on Form 8-K is being filed to file a copy of the
Computational Materials (as defined below) prepared by Chase Securities Inc. and
Prudential Securities Incorporated, as underwriters, in connection with the
issuance of Chase Funding Mortgage Loan Asset-Backed Certificates, Series
1998-2. The term "Computational Materials" shall have the meaning given in the
No-Action Letter of May 20, 1994 issued by the Securities and Exchange
Commission (the "SEC") to Kidder, Peabody Acceptance Corporation I, Kidder,
Peabody & Co. Incorporated and Kidder Structured Asset Corporation, as made
applicable to other issuers and underwriters by the Commission in response to
the request of the Public Securities Association dated May 24, 1994, and the
supplemented in the No-Action Letter of February 17, 1995 issued by the SEC to
the Public Securities Association.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Computational Materials of Chase Securities Inc. and Prudential
Securities Incorporated
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
CHASE FUNDING, INC.
By: /S/ EILEEN LINDBLOM
----------------------------
Name: Eilleen Lindblom
Title: Vice President
Dated: December 7, 1998
<PAGE>
EXHIBIT INDEX
EXHIBIT PAGE
99.01 Computational Materials of Chase Securities Inc. and Prudential
Securities Incorporated
EXHIBIT 99.1
The following Computational Material was delivered by Chase Securities Inc.
("CSI") and Prudential Securities Incorporated. The only difference is that the
legend appearing on the cover page of the CSI Computational Material read as
follows:
THIS INFORMATION IS FURNISHED TO YOU SOLELY BY CSI AND NOT BY THE ISSUER OF THE
SECURITIES OR ANY OF ITS AFFILIATES (OTHER THAN CSI). CSI IS ACTING AS
UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN CONNECTION WITH THE
PROPOSED TRANSACTION.
and the legend appearing at the bottom of each page read as follows:
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR CHASE SECURITIES INCORPORATED SALES
REPRESENTATIVE IMMEDIATELY.
<PAGE>
Preliminary Marketing Memorandum for
Chase Funding Mortgage Loan Asset-Backed Certificates, Series 1998-2
[$575,000,000]
-----------------------------------------------------------------------
[$ 65,000,000] Class IA-1 Group I Certificates - [ %]
[$ 19,000,000] Class IA-2 Group I Certificates - [ %]
[$ 36,000,000] Class IA-3 Group I Certificates - [ %]
[$ 18,000,000] Class IA-4 Group I Certificates - [ %]
[$ 18,925,000] Class IA-5 Group I Certificates - [ %]
[$ 17,400,000] Class IA-6 Group I Certificates - [ %]
[$ 8,075,000] Class IM-1 Group I Certificates - [ %]
[$ 4,750,000] Class IM-2 Group I Certificates - [ %]
[$ 2,850,000] Class IB Group I Certificates - [ %]
[$288,750,000] Class IIA-1 Group II Certificates - 1M LIBOR + [ ] bps
[$ 96,250,000] Class IIA-2 Group II Certificates - [ %]
-----------------------------------------------------------------------
The analysis in this report is accurate to the best of PSI's knowledge and is
based on information provided by Chase Funding, Inc. ("Chase Funding"). PSI
makes no representations as to the accuracy of such information provided to it
by Chase Funding. All assumptions and information in this report reflect PSI's
judgment as of this date and are subject to change. All analyses are based on
certain assumptions noted herein and different assumptions could yield
substantially different results. You are cautioned that there is no universally
accepted method for analyzing financial instruments. You should review the
assumptions; there may be differences between these assumptions and your actual
business practices. Further, PSI does not guarantee any results and there is no
guarantee as to the liquidity of the instruments involved in this analysis. The
decision to adopt any strategy remains your responsibility. PSI (or any of its
affiliates) or their officers, directors, analysts or employees may have
positions in securities, commodities or derivative instruments thereon referred
to here, and may, as principal or agent, buy or sell such securities,
commodities or derivative instruments. In addition, PSI may make a market in the
securities referred to herein. Neither the information nor the assumptions
reflected herein shall be construed to be, or constitute, an offer to sell or
buy or a solicitation of an offer to sell or buy any securities, commodities or
derivative instruments mentioned herein. No sale of any securities, commodities
or derivative instruments should be consumated without the purchaser first
having received a prospectus and, if required, prospectus supplement. PSI has
not addressed the legal, accounting and tax implications of the analysis with
respect to you, and PSI strongly urges you to seek advice from your counsel,
accountant and tax advisor. This information is furnished to you solely by PSI
and not by Chase Funding or any of its affiliates. PSI is not acting as Chase
Funding's agent.
<PAGE>
Chase Funding Mortgage Loan Asset-Backed Certificates, Series 1998-2
Title of Securities: Chase Funding Mortgage Loan
Asset-Backed Certificates, Series 1998-2, Class
IA-1, Class IA-2, Class IA-3, Class IA-4, Class
IA-5, Class IA-6, Class IM-1, Class IM-2 and
Class IB Group I Certificates, and Class IIA-1
and Class IIA-2 Group II Certificates
Seller: Chase Manhattan Mortagage Corporation
Master Servicer: Chase Manhattan Mortagage Corporation
Sub Servicer: Advanta Mortgage Corp. USA
Trustee: Citibank, N.A.
Credit Enhancement: Group I (Fixed-Rate) Group II (ARMs)
-------------------- ---------------
1) Excess interest 1) Excess interest
2) Over-Collateralization 2) Over-Collateralization
3) Cross-Collateralization 3) Cross-Collateralization
4) Subordination 4) FSA Surety Wrap
Excess Interest: Excess interest cashflows from each group will be
available as credit enhancement for the related group.
Overcollateralization: The credit enhancement provisions of the Trust are
intended to provide for the limited acceleration of the
senior Certificates relative to the amortization of the
related mortgage group, generally in the early months of
the transaction. Accelerated amortization is achieved by
applying certain excess interest collected on each
mortgage group to the payment of principal on the
related senior Certificates, resulting in the build up
of overcollateralization ("O/C"). By paying down the
principal balance of the certificates faster than the
principal amortization of the related mortgage group, an
overcollateralization amount equal to the excess of the
aggregate principal balance of the related mortgage
group over the principal balance of the related
Certificates is created. Excess cashflow will be
directed to build each O/C amount until the respective
mortgage group reaches its required O/C target. Upon
this event the acceleration feature will cease, unless
it is once again necessary to maintain the required O/C
level.
***All levels are preliminary and subject to change***
GROUP I CERTIFICATES
Initial: [0.00%] Target: [1.10%] of original
Stepdown: [2.20%] of current Floor: [0.50%] of original
Group II CERTIFICATES
Initial: [0.00%] Target: [3.50%] of original
Stepdown: [7.00%] of current Floor: [0.50%] of original
Cross- Excess spread from each of the two mortgage groups, if
Collateralization: not needed to credit enhance its own group will
be available to credit enhance the other group.
***All levels are preliminary and subject to change***
Group I Subordination: (S&P/FITCH) GROUP I (Fixed)
-------
Class A (AAA/AAA) [8.25%]
Class M-1 (AA/AA) [4.00%]
Class M-2 (A/A) [1.50%]
Class B (BBB/BBB) ---
Group I Class Sizes: (S&P/FITCH) GROUP I
-------
Class A (AAA/AAA) [91.75%]
Class M-1 (AA/AA) [4.25%]
Class M-2 (A/A) [2.50%]
Class B (BBB/BBB) [1.50%]
Certificate Insurer Financial Security Assurance, Inc. ("FSA").
for Group II: FSA's claims paying ability is rated
AAA/Aaa by Standard & Poor's and Moody's.
Certificate Insurance Timely interest and ultimate principal payments on the
for Group II: Group II Certificates will be 100% guaranteed by FSA.
The insurance policy does not guaranty payment of any
Group II Certificate Carryforward amount.
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
<TABLE>
<CAPTION>
Chase Funding Mortage Loan Asset-Backed Certificates, Series 1998-2
---------------------------------------------------------------------------------------
Group I Certificates
Class Class Class Class Class Class Class Class Class
IA-1 IA-2 IA-3 IA-4 IA-5 IA-6 IM-1 IM-2 IB
-----------------------------------------------------------------------------------------
S&P Ratings: AAA AAA AAA AAA AAA AAA AA A BBB
Fitch Ratings: AAA AAA AAA AAA AAA AAA AA A BBB
-----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Approximate
Size ($MM): 65.000 19.000 36.000 18.000 18.925 17.400 8.075 4.750 2.850
Coupon:
Benchmark:
Spread:
Yield(%):
Price (Approx):
Avg Life Call(yrs): 0.9 2.0 3.1 5.1 8.1 6.5 5.7 5.7 5.4
Avg Life Mat.(yrs): 0.9 2.0 3.1 5.1 10.3 6.6 6.1 5.9 5.4
1st Prin Pymt: 01/99 08/00 04/01 02/03 03/05 01/02 01/02 01/02 01/02
Exp Mat to Call: 08/00 04/01 02/03 03/05 06/07 06/07 06/07 06/07 06/07
Exp Mat to Mat: 08/00 04/01 02/03 03/05 11/15 09/13 11/11 11/09 07/07
Stated Mat:
- --------------------------------------------------------------------------------------------
</TABLE>
Collateral: Fixed-Rate, First Lien Sub-prime Mortgage Loans
Total Group Size: [$190,000,000]
Prepayment
Assumption: 23% HEP to call (2.3% - 23% CPR Ramp over 10 months)
Fixed Rate Available
Funds Cap: All Group I coupons are subject to the Group I
Available Funds Cap. The Group I Available Funds Cap is
a rate equal to the weighted average gross coupon rate
less servicing and trustee/master servicing fees
(approx. 51 bps).
Payment Date: The 25th day of each month or, if such day is not
a business day, the next succeeding business day,
beginning on January 25, 1999.
Interest Accrual: Interest will accrue from the 1st day of the
preceeding month until the 30th day of the preceeding
month for the Group I Certificates.
Payment Delay: 24 days
Int. Pmt. Basis: 30/360
Coupon Step Up: If the 10% Clean-Up Call is not exercised on
the Group I Certificates, the coupon on the Class IA-5
Certificates shall increase by [50 bps].
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
Chase Funding Mortgage Loan Asset-Backed Certificates, Series 1998-2
----------------------------------------------
Group II Certificates
Class Class
IIA-1 IIA-2
------------------------
S&P Ratings: AAA AAA
Moody's Ratings: Aaa Aaa
------------------------
Approximate
Size ($MM): 288.750 96.250
Benchmark: 1M LIBOR TBD
Coupon:
Spread:
Yield:
Price (Approx):
Avg Life Call(yrs): 2.9 2.0
Avg Life Mat.(yrs): 3.3 2.0
1st Prin Pymt: 01/99 04/00
Exp. Mat to Call: 02/06 03/02
Exp. Mat to Mat: 02/15 03/02
Stated Mat:
- ----------------------------------------------------------------------------
Collateral: Adjustable-Rate, Sub-prime First Lien Mortgage Loans
Total Group Size: [$385,000,000]
Prepayment Assumption: 27% CPR to call
Adjustable Rate
Available Funds Cap: All Group II coupons are subject to the Group
II Available Funds Cap. The Group II Available Funds Cap
is a rate equal to the weighted average gross coupon
less servicing fees (50 bps), trustee/master servicing
fees (1 bp), surety fees (16.5 bps) and a [50 bp] FSA
cushion.
Payment Date: The 25th day of each month or, if such day is not
a business day, the next succeeding business day,
beginning on January 25, 1999.
Interest Accrual: For Class IIA-1, interest will accrue for the
first accrual period from settlement, and thereafter,
from the 25th day of the preceeding month, until the
24th day of the current month (from Payment Date to
Payment Date).
For Class IIA-2, interest will accrue from the 1st day
of the preceeding month until the 30th day of the
preceeding month.
Payment Delay: For Class IIA-1, 0 days.
For Class IIA-2, 24 days.
Int. Pmt. Basis: For Class IIA-1, actual/360.
For Class IIA-2, 30/360.
Shortfall
Reimbursement: If on any Payment Date the Pass-Through Rate is limited
by the Available Funds Cap, the amount of such interest
that would have been distributed if the Pass-Through
Rate had not been so limited over the amount of interest
at the Available Funds Cap and the aggregate of such
shortfalls from previous payment dates together with
accrued interest at the Pass-Through Rate will be
carried forward to the next Payment Date until paid. No
such Group II Certificate Carryforward will be paid once
the Group II Certificate principal balance has been
reduced to zero.
Coupon Step Up: If the 10% Clean-Up Call is not exercised, the
coupon on the Class IIA-1 Certificates shall increase by
[2x] the IIA-1 margin.
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
Chase Funding Mortgage Loan Asset-Backed Certificates, Series 1998-2
Cashflow Priority: GROUP I CERTIFICATES
1) Repayment of any unrecoverable, unreimbursed
Servicer advances.
2) Servicing Fees and Trustee/Master Servicing Fees.
3) Group I Interest Funds, as follows: monthly
interest, including any interest
carryforward to the Group I Senior Certificates, on
a pro-rata basis, then monthly interest, including
any interest carryforward to the Class IM-1
Certificates, then to the Class IM-2 Certificates
and then to the Class IB Certificates.
4) Group I Principal Funds, as follows: monthly
principal sequentially to the Group I Senior
Certificates as described under "PRINCIPAL PAYDOWN",
then monthly principal to the Class IM-1
Certificates as described under "PRINCIPAL PAYDOWN",
then monthly principal to the Class IM-2
Certificates as described under "PRINCIPAL PAYDOWN",
then monthly principal to the Class IB Certificates
as described under "PRINCIPAL PAYDOWN."
5) Excess cashflow to Group I Senior Certificates in
the order as described under "PRINCIPAL PAYDOWN" to
build over-collateralization ("O/C").
6) Excess cashflow to repay subordinate principal
shortfalls.
7) Excess cashflow to pay amounts under items 1 through
6 under "Group II Certificates" below.
8) Any excess cashflow reverts to Chase.
GROUP II CERTIFICATES
1) Repayment of any unrecoverable, unreimbursed
Servicer advances.
2) Servicing Fees, Trustee/Master Servicing Fees and
FSA Surety Fees.
3) Monthly interest to the Group II Certificates,
without priority.
4) Principal to the Group II Certificates as described
under "PRINCIPAL PAYDOWN".
5) Reimbursements to FSA for draws under the surety
guaranty and other amounts owed under the insurance
agreement.
6) Paydown of Group II Certificates as described under
"PRINCIPAL PAYDOWN" to build and maintain the
over-collateralization ("O/C") requirement.
7) Excess cashflow, prorata to the Group II
Certificates, to pay any Adjustable Rate Certificate
Carryover.
8) Excess cashflow to pay amounts under items 1 through
6 under "Group I Certificates" above.
9) Any excess cashflow reverts to Chase.
Clean-up Calls: The Master Servicer has the option to exercise a
call when the aggregate Stated Principal Balance for
either loan group is less than or equal to 10% of the
aggregate Stated Principal Balance of the related group
as of the Cut-Off Date (i.e. separate calls for each
group). The call will be exercised at a price equal to
the sum of (i) par plus accrued interest, net of the
Servicing Fee, (ii) the appraised value of any REO
Property, and (iii) any unreimbursed out-of-pocket costs
and expenses and the principal portion of Advances, in
each case previously incurred by the Servicer in the
performance of its servicing obligations.
Pricing Date: [December , 1998]
Settlement Date: [December 18, 1998]
ERISA
Considerations: The Class A Certificates will be ERISA eligible as of
Closing. However, investors should consult with their
counsel with respect to the consequences under ERISA and
the Internal Revenue Code of an ERISA Plan's acquisition
and ownership of such Certificates.
SMMEA: The Certificates will not constitute "mortgage-related
securities" for the purposes of SMMEA.
Taxation: REMIC.
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
Chase Funding, Inc. 1998-2
GROUP I PRINCIPAL PAYDOWN
-------------------------
CLASS IA-6 LOCKOUT DISTRIBUTION AMOUNT: The applicable Class IA-6
Lockout Percentage multiplied by the Class IA-6
pro-rata distribution amount.
CLASS IA-6 LOCKOUT PERCENTAGE
-------------------------------
January 1999 -- December 2001: 0%
January 2002 -- December 2003: 45%
January 2004 -- December 2004: 80%
January 2005 -- December 2005: 100%
January 2006 and thereafter: 300%
IF THE SUBORDINATE CLASS PRINCIPAL DISTRIBUTION TEST IS NOT MET:
1) To the Class IA-6 Certificateholders -- the Class
IA-6 Lockout Distribution Amount
2) All remaining scheduled and unscheduled principal
will be paid sequentially to the Group I Senior
Certificates.
IF THE SUBORDINATE CLASS PRINCIPAL DISTRIBUTION TEST IS
MET:
All Classes will be entitled to receive payments of
principal on a pro rata basis as described below. These
pro rata shares will be paid in the following order of
priority: first sequentially to the Class A Certificates
(in the same order of priority as is the case prior to
the Test being met), second to the Class IM-1
Certificates, third to the Class IM-2 Certificates, and
fourth to the Class IB Certificates.
THE SUBORDINATE CLASS PRINCIPAL DISTRIBUTION TEST IS MET
IF:
i) The Remittance Date is on or after the January 2002
Remittance Date.
ii) The Group I Senior Enhancement Percentage is greater
than or equal to the Group I Senior Specified
Enhancement Percentage.
iii) A Trigger Event has not occured (the current Group
I Senior Enhancement Percentage is greater than or equal
to a multiple (2.5x) of the 60+ Day delinquency
percentage.
SUBORDINATE
CLASS PRINCIPAL
DISTRIBUTION DATE: The later of (i) the January 2002 Payment Date and (ii)
the first Payment Date on which the Group I Senior
Enhancement Percentage (i.e., the sum of the Subordinate
Certificates + the O/C amount for the Group I Mortgage
Loans divided by the aggregate Loan Balance of the
Mortgage Loans in Group I) is greater than or equal to
the Group I Senior Specified Enhancement Percentage,
which is equal to two times the initial AAA
subordination (including O/C).
Group I Senior
Specified Enhancement
Percentage:
--------------------
18.70%
or
(8.25% + 1.10%)*2
TRIGGER EVENT: If the percentage obtained by dividing (x) the principal
amount of 60+ Day Delinquent Loans (including
foreclosures and REOs) in Group I by (y) the aggregate
outstanding Loan Balance of the Mortgage Loans in Group
I as of the last day of the immediately preceding
Remittance Period equals or exceeds [0.40] multiplied by
the Group I Senior Enhancement Percentage.
Principal Distribution
to Subordinates: If the Subordinated Class Principal Distribution Test is
met, principal will be distributed in amounts that will
keep the subordination for each class at its required
level.
REQUIRED SUBORDINATION LEVELS
-----------------------------
Group I
-------
Class A - [18.70]%
Class M-1 - [10.20]%
Class M-2 - [ 5.20]%
Class B - [ 2.20]%
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
Chase Funding, Inc. 1998-2
GROUP II PRINCIPAL PAYDOWN
--------------------------
CLASS IIA-2 LOCKOUT DISTRIBUTION AMOUNT: The applicable Class IIA-2
Lockout Percentage multiplied by the Class IIA-2 pro-rata
distribution amount.
CLASS IIA-2 LOCKOUT PERCENTAGE
-------------------------------
January 1999 -- March 2000: 0%
April 2000 -- December 2001: 500%
January 2002 and thereafter: 100% of Group II principal cashflows
GROUP II PRINCIPAL DISTRIBUTION:
1) To the Class IIA-2 Certificateholders -- the Class
IIA-2 Lockout Distribution Amount
2) All remaining scheduled and unscheduled principal
will be paid to the Class IIA-1.
Prospectus: The Certificates are being offered pursuant to a
Prospectus which includes a Prospectus Supplement
(together, the "Prospectus"). Complete information with
respect to the Certificates and the Collateral is
contained in the Prospectus. The foregoing is qualified
in its entirety by the information appearing in the
Prospectus. To the extent that the foregoing is
inconsistent with the Prospectus, the Prospectus shall
govern in all respects. Sales of the Certificates may
not be consumated unless the purchaser has received the
Prospectus.
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
Chase Funding, Inc. 1998-2
GROUP II AVAILABLE FUNDS CAP
The Group II Certificates are subject to an available funds cap = to the
Group II Net Pass-Thru Rate
AVAILABLE FUNDS SCHEDULE
DATE COUPON
------- -------
1/1/99 8.360
2/1/99 8.360
3/1/99 8.360
4/1/99 8.360
5/1/99 8.360
6/1/99 8.360
7/1/99 8.360
8/1/99 8.504
9/1/99 8.504
10/1/99 8.504
11/1/99 8.504
12/1/99 8.504
1/1/00 8.504
2/1/00 8.504
3/1/00 8.504
4/1/00 8.504
5/1/00 8.504
6/1/00 8.504
7/1/00 8.504
8/1/00 8.504
9/1/00 8.504
10/1/00 9.471
11/1/00 9.471
12/1/00 9.471
1/1/01 9.471
2/1/01 9.471
3/1/01 9.471
4/1/01 9.471
5/1/01 9.471
6/1/01 9.472
7/1/01 9.472
8/1/01 9.472
9/1/01 9.472
10/1/01 9.718
11/1/01 9.718
12/1/01 9.718
1/1/02 9.718
2/1/02 9.718
3/1/02 9.718
4/1/02 9.718
5/1/02 9.718
6/1/02 9.718
7/1/02 9.718
8/1/02 9.718
9/1/02 9.718
10/1/02 9.718
11/1/02 9.718
12/1/02 9.718
1/1/03 9.718
2/1/03 9.718
3/1/03 9.718
4/1/03 9.718
5/1/03 9.718
6/1/03 9.718
7/1/03 9.718
8/1/03 9.718
9/1/03 9.718
10/1/03 9.758
11/1/03 9.758
12/1/03 9.758
1/1/04 9.758
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
BOND IA-1 AAA SEQ CLASS
***** TO 10% CALL *****
<TABLE>
<CAPTION>
BE YIELD TABLE
PREPAYMENT SPEED
100PPC 75PPC 90PPC 125PPC 150PPC 175PPC
PRICE
<S> <C> <C> <C> <C> <C> <C>
99-24 6.125 6.164 6.141 6.089 6.056 6.024
99-24+ 6.107 6.150 6.124 6.067 6.031 5.996
99-25 6.089 6.135 6.107 6.046 6.006 5.968
99-25+ 6.070 6.120 6.090 6.024 5.981 5.940
99-26 6.052 6.105 6.073 6.002 5.956 5.912
99-26+ 6.034 6.091 6.056 5.980 5.931 5.884
99-27 6.015 6.076 6.039 5.959 5.906 5.856
99-27+ 5.997 6.061 6.022 5.937 5.881 5.829
99-28 5.978 6.047 6.005 5.915 5.856 5.801
99-28+ 5.960 6.032 5.988 5.893 5.831 5.773
99-29 5.942 6.017 5.971 5.872 5.806 5.745
99-29+ 5.923 6.002 5.954 5.850 5.781 5.717
99-30 5.905 5.988 5.937 5.828 5.757 5.689
99-30+ 5.887 5.973 5.920 5.806 5.732 5.661
99-31 5.868 5.958 5.904 5.785 5.707 5.633
99-31+ 5.850 5.944 5.887 5.763 5.682 5.606
100-00 5.832 5.929 5.870 5.741 5.657 5.578
100-00+ 5.813 5.914 5.853 5.720 5.632 5.550
100-01 5.795 5.900 5.836 5.698 5.607 5.522
100-01+ 5.777 5.885 5.819 5.676 5.583 5.494
100-02 5.759 5.870 5.802 5.655 5.558 5.467
100-02+ 5.740 5.856 5.785 5.633 5.533 5.439
100-03 5.722 5.841 5.769 5.611 5.508 5.411
100-03+ 5.704 5.826 5.752 5.590 5.483 5.383
100-04 5.685 5.812 5.735 5.568 5.459 5.356
100-04+ 5.667 5.797 5.718 5.546 5.434 5.328
100-05 5.649 5.783 5.701 5.525 5.409 5.300
100-05+ 5.631 5.768 5.684 5.503 5.384 5.272
100-06 5.612 5.753 5.667 5.481 5.360 5.245
100-06+ 5.594 5.739 5.651 5.460 5.335 5.217
100-07 5.576 5.724 5.634 5.438 5.310 5.189
100-07+ 5.558 5.709 5.617 5.417 5.285 5.162
First Payment 0.103 0.103 0.103 0.103 0.103 0.103
Average Life 0.902 1.138 0.982 0.757 0.658 0.586
Last Payment 1.686 2.269 1.936 1.436 1.186 1.019
</TABLE>
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
BOND IA-2 AAA SEQ CLASS
***** TO 10% CALL ***** `
<TABLE>
<CAPTION>
BE YIELD TABLE
PREPAYMENT SPEED
100PPC 75PPC 90PPC 125PPC 150PPC 175PPC
PRICE
<S> <C> <C> <C> <C> <C> <C>
99-24 5.859 5.876 5.866 5.842 5.825 5.809
99-24+ 5.851 5.869 5.858 5.832 5.813 5.794
99-25 5.842 5.863 5.850 5.822 5.801 5.780
99-25+ 5.834 5.856 5.843 5.811 5.789 5.766
99-26 5.825 5.850 5.835 5.801 5.776 5.752
99-26+ 5.817 5.843 5.827 5.791 5.764 5.738
99-27 5.808 5.836 5.820 5.780 5.752 5.724
99-27+ 5.800 5.830 5.812 5.770 5.740 5.710
99-28 5.791 5.823 5.804 5.760 5.728 5.696
99-28+ 5.783 5.817 5.796 5.749 5.715 5.682
99-29 5.775 5.810 5.789 5.739 5.703 5.668
99-29+ 5.766 5.804 5.781 5.729 5.691 5.654
99-30 5.758 5.797 5.773 5.718 5.679 5.640
99-30+ 5.749 5.790 5.766 5.708 5.667 5.626
99-31 5.741 5.784 5.758 5.698 5.654 5.612
99-31+ 5.732 5.777 5.750 5.688 5.642 5.598
100-00 5.724 5.771 5.743 5.677 5.630 5.584
100-00+ 5.715 5.764 5.735 5.667 5.618 5.570
100-01 5.707 5.758 5.727 5.657 5.606 5.556
100-01+ 5.699 5.751 5.720 5.646 5.594 5.542
100-02 5.690 5.745 5.712 5.636 5.581 5.528
100-02+ 5.682 5.738 5.704 5.626 5.569 5.514
100-03 5.673 5.731 5.697 5.616 5.557 5.500
100-03+ 5.665 5.725 5.689 5.605 5.545 5.486
100-04 5.657 5.718 5.681 5.595 5.533 5.472
100-04+ 5.648 5.712 5.674 5.585 5.521 5.458
100-05 5.640 5.705 5.666 5.575 5.509 5.444
100-05+ 5.631 5.699 5.658 5.564 5.496 5.430
100-06 5.623 5.692 5.651 5.554 5.484 5.416
100-06+ 5.615 5.686 5.643 5.544 5.472 5.402
100-07 5.606 5.679 5.635 5.534 5.460 5.388
100-07+ 5.598 5.672 5.628 5.523 5.448 5.374
First Payment 1.686 2.269 1.936 1.436 1.186 1.019
Average Life 2.009 2.628 2.218 1.628 1.365 1.180
Last Payment 2.353 3.019 2.519 1.853 1.519 1.353
</TABLE>
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
BOND IA-3 AAA SEQ CLASS
***** TO 10% CALL ***** `
<TABLE>
<CAPTION>
BE YIELD TABLE
PREPAYMENT SPEED
100PPC 75PPC 90PPC 125PPC 150PPC 175PPC
PRICE
<S> <C> <C> <C> <C> <C> <C>
99-24 5.918 5.930 5.923 5.904 5.892 5.879
99-24+ 5.912 5.926 5.918 5.897 5.883 5.869
99-25 5.907 5.922 5.913 5.890 5.875 5.859
99-25+ 5.901 5.918 5.908 5.883 5.866 5.849
99-26 5.895 5.913 5.903 5.876 5.858 5.839
99-26+ 5.890 5.909 5.898 5.869 5.849 5.829
99-27 5.884 5.905 5.892 5.861 5.841 5.819
99-27+ 5.878 5.900 5.887 5.854 5.832 5.810
99-28 5.873 5.896 5.882 5.847 5.824 5.800
99-28+ 5.867 5.892 5.877 5.840 5.815 5.790
99-29 5.861 5.887 5.872 5.833 5.807 5.780
99-29+ 5.856 5.883 5.867 5.826 5.798 5.770
99-30 5.850 5.879 5.862 5.818 5.790 5.760
99-30+ 5.844 5.874 5.857 5.811 5.781 5.750
99-31 5.839 5.870 5.852 5.804 5.773 5.740
99-31+ 5.833 5.866 5.846 5.797 5.764 5.730
100-00 5.827 5.862 5.841 5.790 5.756 5.720
100-00+ 5.822 5.857 5.836 5.783 5.747 5.710
100-01 5.816 5.853 5.831 5.776 5.739 5.701
100-01+ 5.810 5.849 5.826 5.768 5.730 5.691
100-02 5.805 5.844 5.821 5.761 5.722 5.681
100-02+ 5.799 5.840 5.816 5.754 5.713 5.671
100-03 5.794 5.836 5.811 5.747 5.705 5.661
100-03+ 5.788 5.831 5.806 5.740 5.696 5.651
100-04 5.782 5.827 5.801 5.733 5.688 5.641
100-04+ 5.777 5.823 5.795 5.726 5.679 5.631
100-05 5.771 5.819 5.790 5.718 5.671 5.621
100-05+ 5.765 5.814 5.785 5.711 5.662 5.612
100-06 5.760 5.810 5.780 5.704 5.654 5.602
100-06+ 5.754 5.806 5.775 5.697 5.645 5.592
100-07 5.748 5.801 5.770 5.690 5.637 5.582
100-07+ 5.743 5.797 5.765 5.683 5.628 5.572
First Payment 2.353 3.019 2.519 1.853 1.519 1.353
Average Life 3.098 4.208 3.471 2.399 1.992 1.696
Last Payment 4.186 5.853 4.686 3.019 2.519 2.103
</TABLE>
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
BOND IA-4 AAA SEQ CLASS
***** TO 10% CALL ***** `
<TABLE>
<CAPTION>
BE YIELD TABLE
PREPAYMENT SPEED
100PPC 75PPC 90PPC 125PPC 150PPC 175PPC
PRICE
<S> <C> <C> <C> <C> <C> <C>
99-24 6.107 6.117 6.111 6.097 6.083 6.071
99-24+ 6.103 6.114 6.107 6.092 6.076 6.064
99-25 6.100 6.112 6.104 6.088 6.070 6.057
99-25+ 6.096 6.109 6.101 6.083 6.064 6.049
99-26 6.092 6.106 6.098 6.078 6.058 6.042
99-26+ 6.089 6.104 6.094 6.074 6.052 6.035
99-27 6.085 6.101 6.091 6.069 6.046 6.028
99-27+ 6.081 6.098 6.088 6.064 6.040 6.020
99-28 6.078 6.096 6.085 6.060 6.034 6.013
99-28+ 6.074 6.093 6.081 6.055 6.027 6.006
99-29 6.070 6.090 6.078 6.050 6.021 5.999
99-29+ 6.067 6.088 6.075 6.046 6.015 5.991
99-30 6.063 6.085 6.071 6.041 6.009 5.984
99-30+ 6.059 6.082 6.068 6.036 6.003 5.977
99-31 6.056 6.080 6.065 6.031 5.997 5.969
99-31+ 6.052 6.077 6.062 6.027 5.991 5.962
100-00 6.048 6.075 6.058 6.022 5.985 5.955
100-00+ 6.045 6.072 6.055 6.017 5.979 5.948
100-01 6.041 6.069 6.052 6.013 5.972 5.940
100-01+ 6.037 6.067 6.049 6.008 5.966 5.933
100-02 6.034 6.064 6.045 6.003 5.960 5.926
100-02+ 6.030 6.061 6.042 5.999 5.954 5.919
100-03 6.026 6.059 6.039 5.994 5.948 5.911
100-03+ 6.023 6.056 6.035 5.989 5.942 5.904
100-04 6.019 6.053 6.032 5.985 5.936 5.897
100-04+ 6.015 6.051 6.029 5.980 5.930 5.890
100-05 6.012 6.048 6.026 5.976 5.924 5.882
100-05+ 6.008 6.045 6.022 5.971 5.917 5.875
100-06 6.004 6.043 6.019 5.966 5.911 5.868
100-06+ 6.001 6.040 6.016 5.962 5.905 5.861
100-07 5.997 6.038 6.013 5.957 5.899 5.853
100-07+ 5.994 6.035 6.009 5.952 5.893 5.846
First Payment 4.186 5.853 4.686 3.019 2.519 2.103
Average Life 5.084 7.559 5.805 3.842 2.847 2.363
Last Payment 6.269 9.936 7.686 4.603 3.603 2.686
</TABLE>
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
BOND IA-5 AAA SEQ CLASS
***** TO 10% CALL ***** `
<TABLE>
<CAPTION>
BE YIELD TABLE
PREPAYMENT SPEED
100PPC 75PPC 90PPC 125PPC 150PPC 175PPC
PRICE
<S> <C> <C> <C> <C> <C> <C>
99-24 6.838 6.845 6.841 6.829 6.819 6.803
99-24+ 6.835 6.843 6.839 6.826 6.815 6.798
99-25 6.833 6.841 6.836 6.823 6.811 6.793
99-25+ 6.830 6.839 6.834 6.819 6.807 6.788
99-26 6.828 6.836 6.832 6.816 6.803 6.782
99-26+ 6.825 6.834 6.829 6.813 6.799 6.777
99-27 6.823 6.832 6.827 6.810 6.795 6.772
99-27+ 6.820 6.830 6.825 6.806 6.791 6.767
99-28 6.817 6.828 6.822 6.803 6.787 6.761
99-28+ 6.815 6.826 6.820 6.800 6.783 6.756
99-29 6.812 6.824 6.818 6.797 6.779 6.751
99-29+ 6.810 6.822 6.815 6.793 6.775 6.746
99-30 6.807 6.820 6.813 6.790 6.771 6.740
99-30+ 6.804 6.818 6.811 6.787 6.767 6.735
99-31 6.802 6.816 6.808 6.783 6.763 6.730
99-31+ 6.799 6.814 6.806 6.780 6.759 6.725
100-00 6.797 6.812 6.804 6.777 6.755 6.719
100-00+ 6.794 6.810 6.801 6.774 6.751 6.714
100-01 6.792 6.808 6.799 6.770 6.747 6.709
100-01+ 6.789 6.806 6.797 6.767 6.743 6.704
100-02 6.786 6.804 6.794 6.764 6.739 6.698
100-02+ 6.784 6.801 6.792 6.761 6.734 6.693
100-03 6.781 6.799 6.790 6.757 6.730 6.688
100-03+ 6.779 6.797 6.787 6.754 6.726 6.683
100-04 6.776 6.795 6.785 6.751 6.722 6.677
100-04+ 6.774 6.793 6.783 6.748 6.718 6.672
100-05 6.771 6.791 6.780 6.744 6.714 6.667
100-05+ 6.768 6.789 6.778 6.741 6.710 6.662
100-06 6.766 6.787 6.776 6.738 6.706 6.656
100-06+ 6.763 6.785 6.773 6.735 6.702 6.651
100-07 6.761 6.783 6.771 6.731 6.698 6.646
100-07+ 6.758 6.781 6.769 6.728 6.694 6.641
First Payment 6.269 9.936 7.686 4.603 3.603 2.686
Average Life 8.090 11.050 9.224 5.997 4.645 3.436
Last Payment 8.519 11.186 9.436 6.769 5.519 4.603
</TABLE>
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
BOND IA-6 NAS CLASS
***** TO 10% CALL ***** `
<TABLE>
<CAPTION>
BE YIELD TABLE
PREPAYMENT SPEED
100PPC 75PPC 90PPC 125PPC 150PPC 175PPC
PRICE
<S> <C> <C> <C> <C> <C> <C>
99-24 6.203 6.205 6.204 6.201 6.197 6.193
99-24+ 6.200 6.203 6.201 6.198 6.193 6.189
99-25 6.197 6.200 6.198 6.194 6.190 6.185
99-25+ 6.194 6.197 6.195 6.191 6.186 6.180
99-26 6.191 6.194 6.192 6.188 6.183 6.176
99-26+ 6.188 6.191 6.189 6.184 6.179 6.172
99-27 6.185 6.188 6.187 6.181 6.175 6.168
99-27+ 6.182 6.185 6.184 6.178 6.172 6.164
99-28 6.179 6.183 6.181 6.175 6.168 6.160
99-28+ 6.176 6.180 6.178 6.171 6.164 6.156
99-29 6.173 6.177 6.175 6.168 6.161 6.152
99-29+ 6.170 6.174 6.172 6.165 6.157 6.148
99-30 6.167 6.171 6.169 6.161 6.153 6.144
99-30+ 6.164 6.168 6.166 6.158 6.150 6.140
99-31 6.161 6.166 6.163 6.155 6.146 6.136
99-31+ 6.158 6.163 6.160 6.152 6.143 6.132
100-00 6.155 6.160 6.157 6.148 6.139 6.128
100-00+ 6.152 6.157 6.154 6.145 6.135 6.124
100-01 6.149 6.154 6.151 6.142 6.132 6.119
100-01+ 6.146 6.151 6.148 6.139 6.128 6.115
100-02 6.143 6.149 6.145 6.135 6.124 6.111
100-02+ 6.140 6.146 6.142 6.132 6.121 6.107
100-03 6.137 6.143 6.139 6.129 6.117 6.103
100-03+ 6.134 6.140 6.136 6.125 6.114 6.099
100-04 6.131 6.137 6.134 6.122 6.110 6.095
100-04+ 6.128 6.135 6.131 6.119 6.106 6.091
100-05 6.125 6.132 6.128 6.116 6.103 6.087
100-05+ 6.122 6.129 6.125 6.112 6.099 6.083
100-06 6.119 6.126 6.122 6.109 6.095 6.079
100-06+ 6.116 6.123 6.119 6.106 6.092 6.075
100-07 6.113 6.120 6.116 6.103 6.088 6.071
100-07+ 6.110 6.118 6.113 6.099 6.085 6.067
First Payment 3.103 3.103 3.103 3.269 3.436 3.686
Average Life 6.492 7.056 6.705 5.847 5.143 4.505
Last Payment 8.519 11.186 9.436 6.769 5.519 4.603
</TABLE>
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
BOND IM-1 AA 4.25% CLASS
***** TO 10% CALL ***** `
<TABLE>
<CAPTION>
BE YIELD TABLE
PREPAYMENT SPEED
100PPC 75PPC 90PPC 125PPC 150PPC 175PPC
PRICE
<S> <C> <C> <C> <C> <C> <C>
99-24 6.832 6.841 6.836 6.825 6.819 6.815
99-24+ 6.829 6.838 6.833 6.821 6.814 6.811
99-25 6.826 6.836 6.830 6.817 6.810 6.806
99-25+ 6.822 6.833 6.826 6.813 6.805 6.801
99-26 6.819 6.830 6.823 6.808 6.801 6.796
99-26+ 6.815 6.827 6.820 6.804 6.796 6.791
99-27 6.812 6.824 6.817 6.800 6.792 6.787
99-27+ 6.808 6.822 6.813 6.796 6.787 6.782
99-28 6.805 6.819 6.810 6.792 6.783 6.777
99-28+ 6.801 6.816 6.807 6.788 6.778 6.772
99-29 6.798 6.813 6.804 6.784 6.774 6.767
99-29+ 6.794 6.810 6.801 6.780 6.769 6.763
99-30 6.791 6.807 6.797 6.776 6.765 6.758
99-30+ 6.787 6.805 6.794 6.772 6.760 6.753
99-31 6.784 6.802 6.791 6.768 6.755 6.748
99-31+ 6.780 6.799 6.788 6.764 6.751 6.743
100-00 6.777 6.796 6.785 6.760 6.746 6.739
100-00+ 6.773 6.793 6.781 6.755 6.742 6.734
100-01 6.770 6.791 6.778 6.751 6.737 6.729
100-01+ 6.766 6.788 6.775 6.747 6.733 6.724
100-02 6.763 6.785 6.772 6.743 6.728 6.719
100-02+ 6.759 6.782 6.769 6.739 6.724 6.715
100-03 6.756 6.779 6.765 6.735 6.719 6.710
100-03+ 6.753 6.777 6.762 6.731 6.715 6.705
100-04 6.749 6.774 6.759 6.727 6.710 6.700
100-04+ 6.746 6.771 6.756 6.723 6.706 6.695
100-05 6.742 6.768 6.753 6.719 6.701 6.691
100-05+ 6.739 6.765 6.749 6.715 6.697 6.686
100-06 6.735 6.763 6.746 6.711 6.692 6.681
100-06+ 6.732 6.760 6.743 6.707 6.688 6.676
100-07 6.728 6.757 6.740 6.703 6.683 6.671
100-07+ 6.725 6.754 6.737 6.699 6.679 6.667
First Payment 3.103 3.686 3.103 3.186 3.269 3.353
Average Life 5.660 7.453 6.265 4.644 4.077 3.795
Last Payment 8.519 11.186 9.436 6.769 5.519 4.603
</TABLE>
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
BOND IM-2 A 2.5% CLASS
***** TO 10% CALL ***** `
<TABLE>
<CAPTION>
BE YIELD TABLE
PREPAYMENT SPEED
100PPC 75PPC 90PPC 125PPC 150PPC 175PPC
PRICE
<S> <C> <C> <C> <C> <C> <C>
99-24 7.234 7.243 7.238 7.225 7.217 7.212
99-24+ 7.230 7.241 7.234 7.220 7.213 7.207
99-25 7.227 7.238 7.231 7.216 7.208 7.202
99-25+ 7.223 7.235 7.228 7.212 7.203 7.197
99-26 7.219 7.232 7.225 7.208 7.199 7.192
99-26+ 7.216 7.229 7.221 7.204 7.194 7.187
99-27 7.212 7.226 7.218 7.200 7.189 7.182
99-27+ 7.209 7.223 7.215 7.196 7.185 7.177
99-28 7.205 7.221 7.211 7.191 7.180 7.172
99-28+ 7.202 7.218 7.208 7.187 7.175 7.167
99-29 7.198 7.215 7.205 7.183 7.171 7.162
99-29+ 7.195 7.212 7.202 7.179 7.166 7.157
99-30 7.191 7.209 7.198 7.175 7.161 7.152
99-30+ 7.188 7.206 7.195 7.171 7.157 7.147
99-31 7.184 7.203 7.192 7.167 7.152 7.142
99-31+ 7.181 7.201 7.189 7.162 7.148 7.137
100-00 7.177 7.198 7.185 7.158 7.143 7.132
100-00+ 7.174 7.195 7.182 7.154 7.138 7.127
100-01 7.170 7.192 7.179 7.150 7.134 7.122
100-01+ 7.167 7.189 7.176 7.146 7.129 7.117
100-02 7.163 7.186 7.172 7.142 7.124 7.112
100-02+ 7.160 7.184 7.169 7.138 7.120 7.107
100-03 7.156 7.181 7.166 7.134 7.115 7.102
100-03+ 7.153 7.178 7.163 7.129 7.110 7.097
100-04 7.149 7.175 7.159 7.125 7.106 7.092
100-04+ 7.146 7.172 7.156 7.121 7.101 7.087
100-05 7.142 7.169 7.153 7.117 7.097 7.082
100-05+ 7.139 7.167 7.150 7.113 7.092 7.077
100-06 7.135 7.164 7.147 7.109 7.087 7.072
100-06+ 7.132 7.161 7.143 7.105 7.083 7.067
100-07 7.128 7.158 7.140 7.101 7.078 7.062
100-07+ 7.125 7.155 7.137 7.096 7.073 7.057
First Payment 3.103 3.686 3.103 3.103 3.186 3.186
Average Life 5.660 7.453 6.265 4.619 4.009 3.654
Last Payment 8.519 11.186 9.436 6.769 5.519 4.603
</TABLE>
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
BOND IB BBB 1.5% CLASS
***** TO 10% CALL ***** `
<TABLE>
<CAPTION>
BE YIELD TABLE
PREPAYMENT SPEED
100PPC 75PPC 90PPC 125PPC 150PPC 175PPC
PRICE
<S> <C> <C> <C> <C> <C> <C>
99-24 8.640 8.654 8.645 8.626 8.615 8.606
99-24+ 8.636 8.651 8.642 8.622 8.610 8.601
99-25 8.632 8.648 8.638 8.617 8.605 8.595
99-25+ 8.628 8.645 8.635 8.613 8.600 8.590
99-26 8.624 8.642 8.631 8.608 8.595 8.585
99-26+ 8.620 8.639 8.628 8.604 8.589 8.579
99-27 8.617 8.636 8.624 8.599 8.584 8.574
99-27+ 8.613 8.632 8.621 8.595 8.579 8.568
99-28 8.609 8.629 8.617 8.590 8.574 8.563
99-28+ 8.605 8.626 8.614 8.586 8.569 8.557
99-29 8.601 8.623 8.610 8.581 8.564 8.552
99-29+ 8.598 8.620 8.607 8.577 8.559 8.546
99-30 8.594 8.617 8.603 8.572 8.554 8.541
99-30+ 8.590 8.614 8.599 8.568 8.549 8.536
99-31 8.586 8.611 8.596 8.563 8.544 8.530
99-31+ 8.582 8.608 8.592 8.559 8.539 8.525
100-00 8.578 8.604 8.589 8.554 8.534 8.519
100-00+ 8.575 8.601 8.585 8.550 8.529 8.514
100-01 8.571 8.598 8.582 8.545 8.524 8.508
100-01+ 8.567 8.595 8.578 8.541 8.519 8.503
100-02 8.563 8.592 8.575 8.536 8.514 8.498
100-02+ 8.559 8.589 8.571 8.532 8.509 8.492
100-03 8.556 8.586 8.568 8.527 8.504 8.487
100-03+ 8.552 8.583 8.564 8.523 8.499 8.481
100-04 8.548 8.580 8.561 8.519 8.494 8.476
100-04+ 8.544 8.577 8.557 8.514 8.489 8.470
100-05 8.540 8.573 8.554 8.510 8.484 8.465
100-05+ 8.536 8.570 8.550 8.505 8.479 8.460
100-06 8.533 8.567 8.547 8.501 8.474 8.454
100-06+ 8.529 8.564 8.543 8.496 8.469 8.449
100-07 8.525 8.561 8.539 8.492 8.464 8.443
100-07+ 8.521 8.558 8.536 8.487 8.459 8.438
First Payment 3.103 3.686 3.103 3.103 3.103 3.103
Average Life 5.352 7.060 5.928 4.362 3.773 3.432
Last Payment 8.519 11.186 9.436 6.769 5.519 4.603
</TABLE>
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
BOND IIA-1 AAA 75% CLASS
***** TO 10% CALL ***** `
<TABLE>
<CAPTION>
DISCOUNT MARGIN ACT/360 TABLE
PREPAYMENT SPEED
100PPC 75PPC 90PPC 125PPC 150PPC 175PPC
PRICE
<S> <C> <C> <C> <C> <C> <C>
99-24 61.810 59.207 60.710 64.922 68.881 74.060
99-24+ 61.196 58.756 60.165 64.113 67.824 72.678
99-25 60.582 58.305 59.619 63.304 66.766 71.297
99-25+ 59.967 57.854 59.074 62.495 65.710 69.915
99-26 59.353 57.403 58.529 61.686 64.653 68.535
99-26+ 58.740 56.952 57.984 60.877 63.597 67.154
99-27 58.126 56.501 57.439 60.069 62.541 65.774
99-27+ 57.513 56.050 56.894 59.261 61.485 64.395
99-28 56.899 55.600 56.350 58.453 60.430 63.016
99-28+ 56.286 55.149 55.806 57.646 59.375 61.637
99-29 55.673 54.699 55.262 56.838 58.320 60.259
99-29+ 55.061 54.249 54.718 56.031 57.266 58.882
99-30 54.448 53.799 54.174 55.225 56.212 57.504
99-30+ 53.836 53.349 53.630 54.418 55.159 56.128
99-31 53.224 52.899 53.087 53.612 54.105 54.751
99-31+ 52.612 52.450 52.543 52.806 53.053 53.375
100-00 52.000 52.000 52.000 52.000 52.000 52.000
100-00+ 51.388 51.551 51.457 51.194 50.948 50.625
100-01 50.777 51.101 50.914 50.389 49.896 49.251
100-01+ 50.166 50.652 50.371 49.584 48.844 47.876
100-02 49.555 50.203 49.829 48.779 47.793 46.503
100-02+ 48.944 49.754 49.286 47.975 46.742 45.130
100-03 48.333 49.306 48.744 47.170 45.692 43.757
100-03+ 47.722 48.857 48.202 46.366 44.641 42.385
100-04 47.112 48.409 47.660 45.563 43.592 41.013
100-04+ 46.502 47.960 47.118 44.759 42.542 39.641
100-05 45.892 47.512 46.577 43.956 41.493 38.270
100-05+ 45.282 47.064 46.035 43.153 40.444 36.900
100-06 44.673 46.616 45.494 42.350 39.395 35.530
100-06+ 44.063 46.168 44.953 41.547 38.347 34.160
100-07 43.454 45.720 44.412 40.745 37.299 32.791
100-07+ 42.845 45.273 43.871 39.943 36.252 31.422
First Payment 0.103 0.103 0.103 0.103 0.103 0.103
Average Life 2.940 4.213 3.371 2.159 1.612 1.208
Last Payment 7.186 9.853 8.103 5.603 4.436 3.603
</TABLE>
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
BOND IIA-2 NAS CLASS
***** TO 10% CALL ***** `
<TABLE>
<CAPTION>
BE YIELD TABLE
PREPAYMENT SPEED
100PPC 75PPC 90PPC 125PPC 150PPC 175PPC
PRICE
<S> <C> <C> <C> <C> <C> <C>
99-24 5.805 5.809 5.806 5.802 5.800 5.799
99-24+ 5.796 5.802 5.798 5.793 5.791 5.790
99-25 5.788 5.794 5.790 5.784 5.782 5.781
99-25+ 5.780 5.786 5.782 5.775 5.773 5.772
99-26 5.771 5.778 5.774 5.767 5.764 5.763
99-26+ 5.763 5.770 5.766 5.758 5.755 5.754
99-27 5.755 5.763 5.758 5.749 5.746 5.745
99-27+ 5.746 5.755 5.749 5.741 5.737 5.736
99-28 5.738 5.747 5.741 5.732 5.728 5.727
99-28+ 5.730 5.739 5.733 5.723 5.720 5.718
99-29 5.722 5.731 5.725 5.715 5.711 5.709
99-29+ 5.713 5.724 5.717 5.706 5.702 5.700
99-30 5.705 5.716 5.709 5.697 5.693 5.691
99-30+ 5.697 5.708 5.701 5.689 5.684 5.682
99-31 5.688 5.700 5.693 5.680 5.675 5.673
99-31+ 5.680 5.693 5.684 5.671 5.666 5.664
100-00 5.672 5.685 5.676 5.663 5.657 5.655
100-00+ 5.663 5.677 5.668 5.654 5.648 5.646
100-01 5.655 5.669 5.660 5.645 5.640 5.637
100-01+ 5.647 5.662 5.652 5.637 5.631 5.628
100-02 5.638 5.654 5.644 5.628 5.622 5.619
100-02+ 5.630 5.646 5.636 5.619 5.613 5.610
100-03 5.622 5.638 5.628 5.611 5.604 5.601
100-03+ 5.614 5.630 5.620 5.602 5.595 5.592
100-04 5.605 5.623 5.611 5.594 5.586 5.583
100-04+ 5.597 5.615 5.603 5.585 5.578 5.574
100-05 5.589 5.607 5.595 5.576 5.569 5.565
100-05+ 5.580 5.599 5.587 5.568 5.560 5.556
100-06 5.572 5.592 5.579 5.559 5.551 5.547
100-06+ 5.564 5.584 5.571 5.550 5.542 5.538
100-07 5.556 5.576 5.563 5.542 5.533 5.530
100-07+ 5.547 5.568 5.555 5.533 5.524 5.521
First Payment 1.353 1.353 1.353 1.353 1.353 1.353
Average Life 2.047 2.197 2.098 1.955 1.904 1.882
Last Payment 3.269 3.436 3.269 3.186 3.103 3.103
</TABLE>
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
- --------------------------------------------------------------------------------
- Chase 98-2
- Cut Off Date of Tape is 12/1/98
- Fixed-rate
- $163,221,768.56
- Mortgage Summary Report
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 2,059
Aggregate Unpaid Principal Balance: $163,221,768.56
Aggregate Original Principal Balance: $163,702,173.00
Weighted Average Gross Coupon: 9.522%
Gross Coupon Range: 6.500% - 14.500%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $79,272.35
Average Original Principal Balance: $79,505.67
Maximum Unpaid Principal Balance: $732,669.34
Minimum Unpaid Principal Balance: $9,968.46
Maximum Original Principal Balance: $735,000.00
Minimum Original Principal Balance: $10,075.00
Weighted Avg. Stated Rem. Term (LPD to Mat/Bln Date): 269.178
Stated Rem Term Range: 111.000 - 360.000
Weighted Avg. Amortized Rem. Term: 319.621
Amortized Rem Term Range: 110.995 - 360.051
Weighted Average Age (Original Term - Rem Term): 2.938
Age Range: 0.000 - 13.000
Weighted Average Original Term: 272.116
Original Term Range: 120.000 - 360.000
Weighted Average Original LTV: 73.272
Original LTV Range: 12.882% - 95.000%
- --------------------------------------------------------------------------------
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
6.00% * Gross Coupon *= 6.50% 1 65,909.99 0.04
6.50% * Gross Coupon *= 7.00% 15 1,493,308.21 0.91
7.00% * Gross Coupon *= 7.50% 42 3,459,369.13 2.12
7.50% * Gross Coupon *= 7.75% 58 4,601,666.49 2.82
7.75% * Gross Coupon *= 8.00% 89 8,572,155.28 5.25
8.00% * Gross Coupon *= 8.25% 83 7,953,694.50 4.87
8.25% * Gross Coupon *= 8.50% 140 10,538,979.11 6.46
8.50% * Gross Coupon *= 8.75% 170 13,416,339.95 8.22
8.75% * Gross Coupon *= 9.00% 138 12,848,830.66 7.87
9.00% * Gross Coupon *= 9.25% 135 12,395,377.77 7.59
9.25% * Gross Coupon *= 9.50% 166 13,564,557.57 8.31
9.50% * Gross Coupon *= 9.75% 216 16,224,515.75 9.94
9.75% * Gross Coupon *= 10.00% 167 12,705,291.88 7.78
10.00% * Gross Coupon *= 10.25% 101 6,821,514.80 4.18
10.25% * Gross Coupon *= 10.50% 114 7,953,389.87 4.87
10.50% * Gross Coupon *= 10.75% 99 7,195,901.86 4.41
10.75% * Gross Coupon *= 11.00% 79 5,722,065.48 3.51
11.00% * Gross Coupon *= 11.25% 53 4,248,259.07 2.60
11.25% * Gross Coupon *= 11.50% 44 2,710,571.70 1.66
11.50% * Gross Coupon *= 11.75% 44 2,746,960.78 1.68
11.75% * Gross Coupon *= 12.00% 27 1,835,120.01 1.12
12.00% * Gross Coupon *= 12.25% 18 1,747,580.17 1.07
12.25% * Gross Coupon *= 12.50% 20 1,419,708.84 0.87
12.50% * Gross Coupon *= 12.75% 12 1,044,184.46 0.64
12.75% * Gross Coupon *= 13.00% 9 402,830.85 0.25
13.00% * Gross Coupon *= 13.25% 7 599,691.89 0.37
13.25% * Gross Coupon *= 13.50% 4 178,272.75 0.11
13.50% * Gross Coupon *= 13.75% 2 79,926.60 0.05
13.75% * Gross Coupon *= 14.00% 5 632,600.15 0.39
14.25% * Gross Coupon *= 14.50% 1 43,192.99 0.03
- -------------------------------------------------------------------------------
Total.......... 2059 $ 163,221,768.56 100.00%
===============================================================================
* = LESS THAN
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
108 * Orig. Term *= 120 29 1,336,690.50 0.82%
168 * Orig. Term *= 180 809 63,584,193.42 38.96%
228 * Orig. Term *= 240 311 21,295,914.69 13.05%
288 * Orig. Term *= 300 5 386,080.29 0.24%
348 * Orig. Term *= 360 905 76,618,889.66 46.94%
- -------------------------------------------------------------------
Total............ 2,059 163,221,768.56 100.00%
===================================================================
* = LESS THAN
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
108 * Rem Term *= 120 29 1,336,690.50 0.82%
156 * Rem Term *= 168 2 154,995.26 0.09%
168 * Rem Term *= 180 807 63,429,198.16 38.86%
228 * Rem Term *= 240 311 21,295,914.69 13.05%
288 * Rem Term *= 300 5 386,080.29 0.24%
336 * Rem Term *= 348 2 317,738.74 0.19%
348 * Rem Term *= 360 903 76,301,150.92 46.75%
- -------------------------------------------------------------------
Total............ 2,059 163,221,768.56 100.00%
===================================================================
* = LESS THAN
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
Age = 0 135 11,570,289.00 7.09%
0 * Age *= 12 1,923 151,601,232.19 92.88%
12 * Age *= 24 1 50,247.37 0.03%
- -------------------------------------------------------------------
Total............ 2,059 163,221,768.56 100.00%
===================================================================
* = LESS THAN
YEARS OF ORIGINATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Year of Mortgage Principal Principal
Origination Loans Balance Balance
1997 7 596,557.95 0.37
1998 2052 162,625,210.61 99.63
- --------------------------------------------------------------------------
Total................. 2059 $ 163,221,768.56 100.00%
==========================================================================
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
ORIGINAL LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
10.00 * LTV *= 15.00 2 133,771.21 0.08
15.00 * LTV *= 20.00 6 125,046.17 0.08
20.00 * LTV *= 25.00 13 539,810.82 0.33
25.00 * LTV *= 30.00 17 504,030.18 0.31
30.00 * LTV *= 35.00 19 908,799.99 0.56
35.00 * LTV *= 40.00 34 1,613,108.34 0.99
40.00 * LTV *= 45.00 47 2,942,254.39 1.80
45.00 * LTV *= 50.00 61 3,944,626.41 2.42
50.00 * LTV *= 55.00 58 4,160,712.25 2.55
55.00 * LTV *= 60.00 162 12,087,858.02 7.41
60.00 * LTV *= 65.00 171 13,284,146.05 8.14
65.00 * LTV *= 70.00 205 16,388,225.77 10.04
70.00 * LTV *= 75.00 292 22,492,092.79 13.78
75.00 * LTV *= 80.00 553 47,360,019.01 29.02
80.00 * LTV *= 85.00 260 22,117,100.74 13.55
85.00 * LTV *= 90.00 154 13,931,692.65 8.54
90.00 * LTV *= 95.00 5 688,473.77 0.42
- --------------------------------------------------------------------------
Total.................... 2059 $ 163,221,768.56 100.00%
==========================================================================
* = LESS THAN
ORIGINAL MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
Balance *= 25,000 112 2,308,774.98 1.41
25,000 * Balance *= 50,000 552 21,492,405.21 13.17
50,000 * Balance *= 75,000 612 37,869,583.47 23.20
75,000 * Balance *= 100,000 325 27,934,256.76 17.11
100,000 * Balance *= 150,000 268 32,072,487.03 19.65
150,000 * Balance *= 175,000 60 9,654,000.45 5.91
175,000 * Balance *= 200,000 41 7,720,781.20 4.73
200,000 * Balance *= 250,000 54 12,094,846.75 7.41
250,000 * Balance *= 300,000 19 5,249,618.49 3.22
300,000 * Balance *= 350,000 6 1,937,526.08 1.19
350,000 * Balance *= 400,000 1 369,031.98 0.23
400,000 * Balance *= 450,000 3 1,256,984.54 0.77
450,000 * Balance *= 500,000 4 1,899,839.04 1.16
600,000 * Balance *= 750,000 2 1,361,632.58 0.83
- --------------------------------------------------------------------------
Total................... 2059 $163,221,768.56 100.00%
==========================================================================
* = LESS THAN
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
5,000 * Balance *= 10,000 1 9,968.46 0.01
10,000 * Balance *= 15,000 14 182,433.41 0.11
15,000 * Balance *= 20,000 27 498,885.76 0.31
20,000 * Balance *= 25,000 70 1,617,487.35 0.99
25,000 * Balance *= 30,000 87 2,451,939.20 1.50
30,000 * Balance *= 35,000 104 3,397,841.63 2.08
35,000 * Balance *= 40,000 113 4,264,720.44 2.61
40,000 * Balance *= 45,000 107 4,627,966.86 2.84
45,000 * Balance *= 50,000 141 6,749,937.08 4.14
50,000 * Balance *= 55,000 135 7,096,342.19 4.35
55,000 * Balance *= 60,000 143 8,255,894.00 5.06
60,000 * Balance *= 65,000 121 7,633,671.74 4.68
65,000 * Balance *= 70,000 122 8,263,988.43 5.06
70,000 * Balance *= 75,000 93 6,769,330.67 4.15
75,000 * Balance *= 80,000 89 6,910,838.45 4.23
80,000 * Balance *= 85,000 72 5,942,613.46 3.64
85,000 * Balance *= 90,000 69 6,080,457.90 3.73
90,000 * Balance *= 95,000 47 4,348,044.23 2.66
95,000 * Balance *= 100,000 46 4,502,659.16 2.76
100,000 * Balance *= 105,000 38 3,914,149.57 2.40
105,000 * Balance *= 110,000 55 5,907,505.87 3.62
110,000 * Balance *= 115,000 26 2,923,342.52 1.79
115,000 * Balance *= 120,000 41 4,841,741.14 2.97
120,000 * Balance *= 125,000 20 2,462,250.87 1.51
125,000 * Balance *= 130,000 18 2,292,163.50 1.40
130,000 * Balance *= 135,000 29 3,843,239.24 2.35
135,000 * Balance *= 140,000 8 1,103,901.46 0.68
140,000 * Balance *= 145,000 18 2,569,725.87 1.57
145,000 * Balance *= 150,000 16 2,364,414.22 1.45
150,000 * Balance *= 200,000 100 17,224,834.42 10.55
200,000 * Balance *= 250,000 54 12,094,846.75 7.41
250,000 * Balance *= 300,000 19 5,249,618.49 3.22
300,000 * Balance *= 350,000 6 1,937,526.08 1.19
350,000 * Balance *= 400,000 1 369,031.98 0.23
400,000 * Balance *= 450,000 3 1,256,984.54 0.77
450,000 * Balance *= 500,000 4 1,899,839.04 1.16
600,000 * Balance *= 650,000 1 628,963.24 0.39
700,000 * Balance *= 750,000 1 732,669.34 0.45
- --------------------------------------------------------------------------
Total.................... 2059 $ 163,221,768.56 100.00%
==========================================================================
* = LESS THAN
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 1665 132,542,667.74 81.20
Low-Rise Condo 48 3,098,588.83 1.90
Manufactured Housing 132 7,156,343.67 4.38
Mixed Use 9 746,911.90 0.46
PUD 59 6,430,536.92 3.94
Townhouses 16 1,030,722.74 0.63
High-Rise Condo 10 1,353,293.54 0.83
Multi-Family 41 4,935,702.02 3.02
2 unit 79 5,927,001.20 3.63
- --------------------------------------------------------------------------
Total............... 2059 $ 163,221,768.56 100.00%
==========================================================================
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
Arizona 87 6,991,915.32 4.28
Arkansas 7 384,714.77 0.24
California 77 11,446,730.70 7.01
Colorado 74 7,794,374.82 4.78
Connecticut 23 3,219,290.67 1.97
Delaware 1 24,679.24 0.02
Dist of Col 5 378,182.70 0.23
Florida 425 31,144,548.61 19.08
Georgia 114 9,738,541.07 5.97
Idaho 21 1,327,473.10 0.81
Illinois 43 3,456,250.84 2.12
Indiana 120 5,974,070.21 3.66
Iowa 8 379,148.98 0.23
Kansas 2 74,774.01 0.05
Kentucky 40 2,356,435.23 1.44
Louisiana 53 3,382,897.41 2.07
Maine 2 152,365.92 0.09
Maryland 18 1,728,173.09 1.06
Massachusetts 14 1,274,374.33 0.78
Michigan 101 6,392,823.29 3.92
Minnesota 16 1,299,171.25 0.80
Mississippi 13 899,172.36 0.55
Missouri 22 1,582,293.92 0.97
Montana 4 433,472.51 0.27
Nebraska 6 457,469.46 0.28
Nevada 7 541,811.48 0.33
New Hampshire 6 508,306.95 0.31
New Jersey 32 3,383,856.12 2.07
New Mexico 16 1,239,708.39 0.76
New York 115 13,142,237.10 8.05
North Carolina 51 3,656,151.00 2.24
Ohio 99 6,171,999.45 3.78
Oklahoma 18 835,480.73 0.51
Oregon 34 3,633,300.55 2.23
Pennsylvania 49 3,193,787.88 1.96
Rhode Island 8 836,372.39 0.51
South Carolina 29 1,824,327.91 1.12
South Dakota 5 329,787.55 0.20
Tennessee 152 8,842,712.72 5.42
Texas 38 2,816,454.51 1.73
Utah 32 2,969,257.29 1.82
Vermont 2 244,554.72 0.15
Virginia 22 1,956,521.76 1.20
Washington 27 3,503,373.57 2.15
West Virgina 6 392,114.90 0.24
Wisconsin 11 543,633.74 0.33
Wyoming 4 362,674.04 0.22
- --------------------------------------------------------------------------
Total............... 2059 $ 163,221,768.56 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 1792 147,090,111.67 90.12
Investor 244 14,500,023.43 8.88
Second Home 23 1,631,633.46 1.00
- --------------------------------------------------------------------------
Total.................. 2059 $ 163,221,768.56 100.00%
==========================================================================
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
DOCUMENTATION LEVEL
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Full Documentation 1671 126,348,567.21 77.41
B/C 24month Bank Statmnt 135 16,218,606.72 9.94
No Asset Verification 197 15,712,723.72 9.63
Asset Verification 56 4,941,870.91 3.03
- --------------------------------------------------------------------------
Total.................. 2059 $163,221,768.56 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LOAN PURPOSE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Purchase 331 26,088,717.00 15.98
Refinance/No ETO 475 34,769,896.18 21.30
Refinance/ETO 1253 102,363,155.38 62.71
- --------------------------------------------------------------------------
Total.................. 2059 $ 163,221,768.56 100.00%
==========================================================================
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 2059 163,221,768.56 100.00
- --------------------------------------------------------------------------
Total............... 2059 $ 163,221,768.56 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY AMORTIZATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Amortization Loans Balance Balance
Fully Amortizing 1565 117,033,702.21 71.70
Partially Amortizing 494 46,188,066.35 28.30
- --------------------------------------------------------------------------
Total.................. 2059 $ 163,221,768.56 100.00%
==========================================================================
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE
SECURITIES REFERRED TO HEREIN. INFORMATION CONTAINED
HEREIN IS CONFIDENTIAL AND PROVIDED FOR INFORMATION
ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE
THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR
VERSIONS HEREOF AND WILL BE DEEMED TO BE SUPERSEDED BY
ANY SUBSEQUENT VERSIONS INCLUDING, WITH RESPECT TO ANY
DESCRIPTION OF THE SECURITIES OR THE UNDERLYING ASSETS,
THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS
SUPPLEMENT. OFFERS TO SELL AND SOLICITATIONS OF OFFERS
TO BUY THE SECURITIES ARE MADE ONLY BY THE FINAL
PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT BY
CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT
ACTING AS CHASE FUNDING'S AGENT.
<PAGE>
SUMMARY BY LOAN GRADE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
A0 891 75,304,613.91 46.14
A- 705 57,766,604.99 35.39
B 243 17,199,898.05 10.54
B- 100 6,393,237.36 3.92
C 90 4,788,513.08 2.93
C- 13 588,102.20 0.36
D 17 1,180,798.97 0.72
- --------------------------------------------------------------------------
Total............... 2059 $163,221,768.56 100.00%
==========================================================================
SUMMARY BY LOAN TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
15/30 BALLOON 494 46,188,066.35 28.30
10 Yr Fixed 29 1,336,690.50 0.82
15 Yr Fixed 315 17,396,127.07 10.66
20 Yr Fixed 311 21,295,914.69 13.05
25 Yr Fixed 5 386,080.29 0.24
30 Yr Fixed 905 76,618,889.66 46.94
- --------------------------------------------------------------------------
Total............... 2059 $163,221,768.56 100.00%
==========================================================================
PREPAYMENT PENALTY CODE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
No 483 37,647,327.34 23.07
Yes 1576 125,574,441.22 76.93
- --------------------------------------------------------------------------
Total............... 2059 $163,221,768.56 100.00%
==========================================================================
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES REFERRED TO
HEREIN. INFORMATION CONTAINED HEREIN IS CONFIDENTIAL AND PROVIDED FOR
INFORMATION ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE THE
SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR VERSIONS HEREOF AND
WILL BE DEEMED TO BE SUPERSEDED BY ANY SUBSEQUENT VERSIONS INCLUDING,
WITH RESPECT TO ANY DESCRIPTION OF THE SECURITIES OR THE UNDERLYING
ASSETS, THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT.
OFFERS TO SELL AND SOLICITATIONS OF OFFERS TO BUY THE SECURITIES ARE
MADE ONLY BY THE FINAL PROSPECTUS SUPPLEMENT AND THE RELATED
PROSPECTUS. THIS INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT
BY CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT ACTING AS CHASE
FUNDING'S AGENT.
<PAGE>
- --------------------------------------------------------------------------------
- Chase 98-2
- Cut Off Date of Tape is 12/1/98
- ARM
- $324,727,357.58
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 2,695
Aggregate Unpaid Principal Balance: $324,727,357.58
Aggregate Original Principal Balance: $325,350,215.00
- --------------------------------------------------------------------------------
Weighted Average Coupon (Gross): 9.536%
Gross Coupon Range: 6.200% - 13.500%
Weighted Average Margin (Gross): 5.779%
Gross Margin Range: 1.250% - 9.000%
Weighted Average Life Cap (Gross): 16.479%
Gross Life Cap Range: 12.200% - 20.500%
Weighted Average Life Floor (Gross): 9.533%
Gross Life Floor Range: 6.200% - 13.500%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $120,492.53
Average Original Principal Balance: $120,723.64
Maximum Unpaid Principal Balance: $999,424.66
Minimum Unpaid Principal Balance: $11,951.87
Maximum Original Principal Balance: $1,000,000.00
Minimum Original Principal Balance: $12,000.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 357.106
Stated Rem Term Range: 236.000 - 360.000
Weighted Avg. Amortized Rem. Term: 356.681
Amortized Rem Term Range: 39.106 - 360.014
Weighted Average Age (First Pay thru Paid Thru): 2.861
Age Range: 0.000 - 38.000
Weighted Average Original Term: 359.967
Original Term Range: 240.000 - 360.000
Weighted Average Original LTV: 78.144
Original LTV Range: 21.765% - 95.000%
Weighted Average Periodic Interest Cap: 1.444%
Periodic Interest Cap Range: 1.000% - 2.000%
Weighted Average Months to Interest Roll: 23.892
Months to Interest Roll Range: 1 - 60
Weighted Average Interest Roll Frequency: 6.011
Interest Frequency Range: 6 - 12
- --------------------------------------------------------------------------------
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES REFERRED TO
HEREIN. INFORMATION CONTAINED HEREIN IS CONFIDENTIAL AND PROVIDED FOR
INFORMATION ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE THE
SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR VERSIONS HEREOF AND
WILL BE DEEMED TO BE SUPERSEDED BY ANY SUBSEQUENT VERSIONS INCLUDING,
WITH RESPECT TO ANY DESCRIPTION OF THE SECURITIES OR THE UNDERLYING
ASSETS, THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT.
OFFERS TO SELL AND SOLICITATIONS OF OFFERS TO BUY THE SECURITIES ARE
MADE ONLY BY THE FINAL PROSPECTUS SUPPLEMENT AND THE RELATED
PROSPECTUS. THIS INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT
BY CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT ACTING AS CHASE
FUNDING'S AGENT.
<PAGE>
GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
6.00% * Gross Coupon *= 6.50% 1 479,077.90 0.15
6.50% * Gross Coupon *= 7.00% 9 1,097,563.44 0.34
7.00% * Gross Coupon *= 7.50% 32 4,227,622.40 1.30
7.50% * Gross Coupon *= 7.75% 41 5,650,915.13 1.74
7.75% * Gross Coupon *= 8.00% 84 14,997,326.27 4.62
8.00% * Gross Coupon *= 8.25% 89 12,896,676.26 3.97
8.25% * Gross Coupon *= 8.50% 133 17,774,647.10 5.47
8.50% * Gross Coupon *= 8.75% 173 25,061,650.76 7.72
8.75% * Gross Coupon *= 9.00% 209 28,198,941.78 8.68
9.00% * Gross Coupon *= 9.25% 203 26,184,887.41 8.06
9.25% * Gross Coupon *= 9.50% 268 30,916,840.46 9.52
9.50% * Gross Coupon *= 9.75% 264 30,576,072.82 9.42
9.75% * Gross Coupon *= 10.00% 276 33,247,569.34 10.24
10.00% * Gross Coupon *= 10.25% 170 18,365,168.78 5.66
10.25% * Gross Coupon *= 10.50% 190 19,966,544.52 6.15
10.50% * Gross Coupon *= 10.75% 184 19,571,769.92 6.03
10.75% * Gross Coupon *= 11.00% 120 11,713,091.06 3.61
11.00% * Gross Coupon *= 11.25% 77 8,022,883.47 2.47
11.25% * Gross Coupon *= 11.50% 56 4,862,379.27 1.50
11.50% * Gross Coupon *= 11.75% 41 4,056,258.84 1.25
11.75% * Gross Coupon *= 12.00% 27 2,530,735.81 0.78
12.00% * Gross Coupon *= 12.25% 26 2,136,123.74 0.66
12.25% * Gross Coupon *= 12.50% 8 604,079.33 0.19
12.50% * Gross Coupon *= 12.75% 5 740,222.70 0.23
12.75% * Gross Coupon *= 13.00% 5 417,180.43 0.13
13.00% * Gross Coupon *= 13.25% 1 30,874.01 0.01
13.25% * Gross Coupon *= 13.50% 3 400,254.63 0.12
- -------------------------------------------------------------------------------
Total.......... 2695 $324,727,357.58 100.00%
===============================================================================
- -------------
* = Less than.
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
228 * Orig. Term *= 240 2 88,465.51 0.03%
348 * Orig. Term *= 360 2,693 324,638,892.07 99.97%
- -------------------------------------------------------------------
Total............ 2,695 324,727,357.58 100.00%
===================================================================
- -------------
* = Less than.
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
228 * Rem Term *= 240 2 88,465.51 0.03%
312 * Rem Term *= 324 1 72,309.35 0.02%
336 * Rem Term *= 348 11 1,492,362.86 0.46%
348 * Rem Term *= 360 2,681 323,074,219.86 99.49%
- -------------------------------------------------------------------
Total............ 2,695 324,727,357.58 100.00%
===================================================================
- -------------
* = Less than.
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES REFERRED TO
HEREIN. INFORMATION CONTAINED HEREIN IS CONFIDENTIAL AND PROVIDED FOR
INFORMATION ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE THE
SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR VERSIONS HEREOF AND
WILL BE DEEMED TO BE SUPERSEDED BY ANY SUBSEQUENT VERSIONS INCLUDING,
WITH RESPECT TO ANY DESCRIPTION OF THE SECURITIES OR THE UNDERLYING
ASSETS, THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT.
OFFERS TO SELL AND SOLICITATIONS OF OFFERS TO BUY THE SECURITIES ARE
MADE ONLY BY THE FINAL PROSPECTUS SUPPLEMENT AND THE RELATED
PROSPECTUS. THIS INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT
BY CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT ACTING AS CHASE
FUNDING'S AGENT.
<PAGE>
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
Age = 0 164 18,433,814.00 5.68%
0 * Age *= 12 2,520 304,803,475.22 93.86%
12 * Age *= 24 10 1,417,759.01 0.44%
36 * Age *= 48 1 72,309.35 0.02%
- -------------------------------------------------------------------
Total............ 2,695 324,727,357.58 100.00%
===================================================================
- -------------
* = Less than.
YEARS OF ORIGINATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Year of Mortgage Principal Principal
Origination Loans Balance Balance
1995 1 72,309.35 0.02
1997 12 1,544,177.79 0.48
1998 2682 323,110,870.44 99.50
- --------------------------------------------------------------------------
Total................. 2695 $324,727,357.58 100.00%
==========================================================================
ORIGINAL LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
20.00 * LTV *= 25.00 3 69,412.25 0.02
25.00 * LTV *= 30.00 8 388,058.65 0.12
30.00 * LTV *= 35.00 13 669,448.98 0.21
35.00 * LTV *= 40.00 16 1,439,299.14 0.44
40.00 * LTV *= 45.00 21 2,202,074.33 0.68
45.00 * LTV *= 50.00 35 3,991,879.84 1.23
50.00 * LTV *= 55.00 48 4,604,132.43 1.42
55.00 * LTV *= 60.00 74 10,841,845.39 3.34
60.00 * LTV *= 65.00 118 12,501,720.28 3.85
65.00 * LTV *= 70.00 240 31,229,213.75 9.62
70.00 * LTV *= 75.00 343 38,245,810.62 11.78
75.00 * LTV *= 80.00 779 98,250,020.49 30.26
80.00 * LTV *= 85.00 515 61,127,972.77 18.82
85.00 * LTV *= 90.00 459 56,702,640.68 17.46
90.00 * LTV *= 95.00 23 2,463,827.98 0.76
- --------------------------------------------------------------------------
Total.................... 2695 $324,727,357.58 100.00%
==========================================================================
- -------------
* = Less than.
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES REFERRED TO
HEREIN. INFORMATION CONTAINED HEREIN IS CONFIDENTIAL AND PROVIDED FOR
INFORMATION ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE THE
SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR VERSIONS HEREOF AND
WILL BE DEEMED TO BE SUPERSEDED BY ANY SUBSEQUENT VERSIONS INCLUDING,
WITH RESPECT TO ANY DESCRIPTION OF THE SECURITIES OR THE UNDERLYING
ASSETS, THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT.
OFFERS TO SELL AND SOLICITATIONS OF OFFERS TO BUY THE SECURITIES ARE
MADE ONLY BY THE FINAL PROSPECTUS SUPPLEMENT AND THE RELATED
PROSPECTUS. THIS INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT
BY CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT ACTING AS CHASE
FUNDING'S AGENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
GROSS MARGIN
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
1.000 * Gross Margin *= 2.00 1 34,177.53 0.01
3.000 * Gross Margin *= 4.00 83 10,582,443.63 3.26
4.000 * Gross Margin *= 5.00 523 71,315,930.11 21.96
5.000 * Gross Margin *= 6.00 1078 126,547,554.71 38.97
6.000 * Gross Margin *= 7.00 836 96,287,062.56 29.65
7.000 * Gross Margin *= 8.00 164 18,730,950.00 5.77
8.000 * Gross Margin *= 9.00 10 1,229,239.04 0.38
- --------------------------------------------------------------------------
Total................. 2695 $324,727,357.58 100.00%
==========================================================================
- -------------
* = Less than.
LOAN SUMMARY STRATIFIED BY
LIFE CAP
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Cap Loans Balance Balance
12.000 * LIFE CAP *= 12.500 1 479,077.90 0.15
12.500 * LIFE CAP *= 13.000 4 572,903.58 0.18
13.000 * LIFE CAP *= 13.500 8 1,149,845.43 0.35
13.500 * LIFE CAP *= 14.000 21 3,021,895.18 0.93
14.000 * LIFE CAP *= 14.500 48 7,260,700.17 2.24
14.500 * LIFE CAP *= 15.000 126 21,179,080.20 6.52
15.000 * LIFE CAP *= 15.500 213 28,372,570.29 8.74
15.500 * LIFE CAP *= 16.000 378 52,113,793.55 16.05
16.000 * LIFE CAP *= 16.500 462 55,551,701.30 17.11
16.500 * LIFE CAP *= 17.000 535 63,394,687.54 19.52
17.000 * LIFE CAP *= 17.500 356 38,250,532.59 11.78
17.500 * LIFE CAP *= 18.000 298 30,258,400.53 9.32
18.000 * LIFE CAP *= 18.500 133 12,871,115.83 3.96
18.500 * LIFE CAP *= 19.000 66 6,161,134.59 1.90
19.000 * LIFE CAP *= 19.500 32 2,501,387.13 0.77
19.500 * LIFE CAP *= 20.000 10 1,157,403.13 0.36
20.000 * LIFE CAP *= 20.500 4 431,128.64 0.13
- --------------------------------------------------------------------------
Total................. 2695 $324,727,357.58 100.00%
==========================================================================
- -------------
* = Less than.
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES REFERRED TO
HEREIN. INFORMATION CONTAINED HEREIN IS CONFIDENTIAL AND PROVIDED FOR
INFORMATION ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE THE
SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR VERSIONS HEREOF AND
WILL BE DEEMED TO BE SUPERSEDED BY ANY SUBSEQUENT VERSIONS INCLUDING,
WITH RESPECT TO ANY DESCRIPTION OF THE SECURITIES OR THE UNDERLYING
ASSETS, THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT.
OFFERS TO SELL AND SOLICITATIONS OF OFFERS TO BUY THE SECURITIES ARE
MADE ONLY BY THE FINAL PROSPECTUS SUPPLEMENT AND THE RELATED
PROSPECTUS. THIS INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT
BY CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT ACTING AS CHASE
FUNDING'S AGENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
LIFE FLOOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Floor Loans Balance Balance
6.000 * Life Floor *= 6.500 1 479,077.90 0.15
6.500 * Life Floor *= 7.000 9 1,097,563.44 0.34
7.000 * Life Floor *= 7.500 33 4,325,305.61 1.33
7.500 * Life Floor *= 8.000 125 20,648,241.40 6.36
8.000 * Life Floor *= 8.500 221 30,573,640.15 9.42
8.500 * Life Floor *= 9.000 382 53,260,592.54 16.40
9.000 * Life Floor *= 9.500 471 57,101,727.87 17.58
9.500 * Life Floor *= 10.000 542 64,001,036.51 19.71
10.000 * Life Floor *= 10.500 361 38,448,746.97 11.84
10.500 * Life Floor *= 11.000 303 31,433,449.45 9.68
11.000 * Life Floor *= 11.500 133 12,904,158.25 3.97
11.500 * Life Floor *= 12.000 67 6,261,011.83 1.93
12.000 * Life Floor *= 12.500 33 2,604,273.89 0.80
12.500 * Life Floor *= 13.000 10 1,157,403.13 0.36
13.000 * Life Floor *= 13.500 4 431,128.64 0.13
- --------------------------------------------------------------------------
Total................. 2695 $324,727,357.58 100.00%
==========================================================================
- -------------
* = Less than.
LOAN SUMMARY STRATIFIED BY
PERIODIC CAP
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Periodic Mortgage Principal Principal
Cap Loans Balance Balance
1.000 267 36,978,643.18 11.39
1.500 2425 287,136,540.03 88.42
2.000 3 612,174.37 0.19
- --------------------------------------------------------------------------
Total................. 2695 $324,727,357.58 100.00%
==========================================================================
Initial Interest Cap Summary
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1.000 104 16,438,519.64 5.06
2.000 159 20,137,542.40 6.20
3.000 2432 288,151,295.54 88.74
- --------------------------------------------------------------------------
Total............... 2695 $324,727,357.58 100.00%
==========================================================================
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES REFERRED TO
HEREIN. INFORMATION CONTAINED HEREIN IS CONFIDENTIAL AND PROVIDED FOR
INFORMATION ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE THE
SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR VERSIONS HEREOF AND
WILL BE DEEMED TO BE SUPERSEDED BY ANY SUBSEQUENT VERSIONS INCLUDING,
WITH RESPECT TO ANY DESCRIPTION OF THE SECURITIES OR THE UNDERLYING
ASSETS, THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT.
OFFERS TO SELL AND SOLICITATIONS OF OFFERS TO BUY THE SECURITIES ARE
MADE ONLY BY THE FINAL PROSPECTUS SUPPLEMENT AND THE RELATED
PROSPECTUS. THIS INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT
BY CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT ACTING AS CHASE
FUNDING'S AGENT.
<PAGE>
NEXT INTEREST ROLLDATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
01/01/99 6 $1,295,654.37 00.40
02/01/99 22 $3,012,765.14 00.93
03/01/99 21 $3,207,911.86 00.99
04/01/99 26 $3,328,164.70 01.02
05/01/99 21 $4,271,739.60 01.32
06/01/99 22 $3,542,594.97 01.09
07/01/99 7 $731,684.39 00.23
08/01/99 33 $3,592,279.41 01.11
09/01/99 31 $4,269,146.12 01.31
10/01/99 35 $4,491,130.96 01.38
11/01/99 36 $4,570,012.53 01.41
12/01/99 12 $1,293,428.85 00.40
01/01/00 1 $51,814.93 00.02
02/01/00 1 $33,451.56 00.01
03/01/00 3 $283,892.53 00.09
04/01/00 12 $1,446,460.99 00.45
05/01/00 26 $2,843,960.91 00.88
06/01/00 50 $5,587,668.30 01.72
07/01/00 84 $11,584,728.53 03.57
08/01/00 312 $37,035,295.14 11.41
09/01/00 340 $42,081,171.72 12.96
10/01/00 322 $39,695,145.64 12.22
11/01/00 304 $38,678,667.44 11.91
12/01/00 102 $11,707,794.00 03.61
03/01/01 3 $194,496.89 00.06
04/01/01 7 $776,091.77 00.24
05/01/01 17 $1,633,391.36 00.50
06/01/01 39 $4,028,095.53 01.24
07/01/01 67 $8,568,111.64 02.64
08/01/01 144 $16,168,426.98 04.98
09/01/01 147 $17,202,519.90 05.30
10/01/01 129 $13,796,449.64 04.25
11/01/01 168 $18,578,659.66 05.72
12/01/01 44 $4,219,175.00 01.30
03/01/03 2 $133,173.45 00.04
04/01/03 2 $142,300.49 00.04
05/01/03 2 $244,520.25 00.08
06/01/03 3 $660,117.37 00.20
07/01/03 6 $1,067,520.21 00.33
08/01/03 23 $2,779,066.74 00.86
09/01/03 23 $2,088,332.54 00.64
10/01/03 20 $1,964,054.35 00.60
11/01/03 16 $1,429,269.22 00.44
12/01/03 4 $417,020.00 00.13
- --------------------------------------------------------------------------
Total........ 2695 $324,727,357.58 100.00%
==========================================================================
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES REFERRED TO
HEREIN. INFORMATION CONTAINED HEREIN IS CONFIDENTIAL AND PROVIDED FOR
INFORMATION ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE THE
SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR VERSIONS HEREOF AND
WILL BE DEEMED TO BE SUPERSEDED BY ANY SUBSEQUENT VERSIONS INCLUDING,
WITH RESPECT TO ANY DESCRIPTION OF THE SECURITIES OR THE UNDERLYING
ASSETS, THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT.
OFFERS TO SELL AND SOLICITATIONS OF OFFERS TO BUY THE SECURITIES ARE
MADE ONLY BY THE FINAL PROSPECTUS SUPPLEMENT AND THE RELATED
PROSPECTUS. THIS INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT
BY CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT ACTING AS CHASE
FUNDING'S AGENT.
<PAGE>
ORIGINAL MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
10,000 * Balance *= 15,000 6 81,840.72 0.03
15,000 * Balance *= 20,000 13 228,664.18 0.07
20,000 * Balance *= 25,000 15 347,285.12 0.11
25,000 * Balance *= 30,000 35 988,766.28 0.30
30,000 * Balance *= 35,000 44 1,432,921.76 0.44
35,000 * Balance *= 40,000 75 2,887,013.28 0.89
40,000 * Balance *= 45,000 76 3,250,167.42 1.00
45,000 * Balance *= 50,000 84 3,998,934.74 1.23
50,000 * Balance *= 55,000 105 5,526,143.78 1.70
55,000 * Balance *= 60,000 124 7,092,229.69 2.18
60,000 * Balance *= 65,000 97 6,060,339.64 1.87
65,000 * Balance *= 70,000 98 6,606,963.09 2.03
70,000 * Balance *= 75,000 105 7,624,868.80 2.35
75,000 * Balance *= 80,000 119 9,246,023.05 2.85
80,000 * Balance *= 85,000 102 8,461,082.06 2.61
85,000 * Balance *= 90,000 97 8,511,244.62 2.62
90,000 * Balance *= 95,000 72 6,670,112.16 2.05
95,000 * Balance *= 100,000 107 10,485,534.60 3.23
100,000 * Balance *= 105,000 109 11,202,090.29 3.45
105,000 * Balance *= 110,000 69 7,417,260.17 2.28
110,000 * Balance *= 115,000 87 9,745,462.65 3.00
115,000 * Balance *= 120,000 91 10,718,027.57 3.30
120,000 * Balance *= 125,000 72 8,820,651.01 2.72
125,000 * Balance *= 130,000 62 7,904,500.08 2.43
130,000 * Balance *= 135,000 61 8,075,439.70 2.49
135,000 * Balance *= 140,000 62 8,521,527.24 2.62
140,000 * Balance *= 145,000 50 7,139,404.15 2.20
145,000 * Balance *= 150,000 54 7,983,750.87 2.46
150,000 * Balance *= 200,000 289 49,798,576.38 15.34
200,000 * Balance *= 250,000 149 33,230,837.28 10.23
250,000 * Balance *= 300,000 55 15,040,261.62 4.63
300,000 * Balance *= 350,000 33 10,883,587.16 3.35
350,000 * Balance *= 400,000 23 8,605,717.03 2.65
400,000 * Balance *= 450,000 12 5,206,195.17 1.60
450,000 * Balance *= 500,000 27 13,002,694.82 4.00
500,000 * Balance *= 550,000 3 1,577,838.05 0.49
550,000 * Balance *= 600,000 3 1,727,215.76 0.53
600,000 * Balance *= 650,000 1 623,864.99 0.19
650,000 * Balance *= 700,000 2 1,346,149.65 0.41
750,000 * Balance 7 6,656,170.95 2.05
- --------------------------------------------------------------------------
Total.................... 2695 $324,727,357.58 100.00%
==========================================================================
- -------------
* = Less than.
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES REFERRED TO
HEREIN. INFORMATION CONTAINED HEREIN IS CONFIDENTIAL AND PROVIDED FOR
INFORMATION ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE THE
SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR VERSIONS HEREOF AND
WILL BE DEEMED TO BE SUPERSEDED BY ANY SUBSEQUENT VERSIONS INCLUDING,
WITH RESPECT TO ANY DESCRIPTION OF THE SECURITIES OR THE UNDERLYING
ASSETS, THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT.
OFFERS TO SELL AND SOLICITATIONS OF OFFERS TO BUY THE SECURITIES ARE
MADE ONLY BY THE FINAL PROSPECTUS SUPPLEMENT AND THE RELATED
PROSPECTUS. THIS INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT
BY CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT ACTING AS CHASE
FUNDING'S AGENT.
<PAGE>
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
10,000 * Balance *= 15,000 6 81,840.72 0.03
15,000 * Balance *= 20,000 15 265,582.45 0.08
20,000 * Balance *= 25,000 14 328,977.89 0.10
25,000 * Balance *= 30,000 35 988,766.28 0.30
30,000 * Balance *= 35,000 44 1,432,921.76 0.44
35,000 * Balance *= 40,000 76 2,926,996.38 0.90
40,000 * Balance *= 45,000 75 3,210,184.32 0.99
45,000 * Balance *= 50,000 84 3,998,934.74 1.23
50,000 * Balance *= 55,000 105 5,526,143.78 1.70
55,000 * Balance *= 60,000 123 7,073,618.65 2.18
60,000 * Balance *= 65,000 99 6,188,980.77 1.91
65,000 * Balance *= 70,000 96 6,478,321.96 2.00
70,000 * Balance *= 75,000 107 7,771,942.64 2.39
75,000 * Balance *= 80,000 118 9,171,061.86 2.82
80,000 * Balance *= 85,000 102 8,461,082.06 2.61
85,000 * Balance *= 90,000 97 8,529,052.58 2.63
90,000 * Balance *= 95,000 72 6,675,169.46 2.06
95,000 * Balance *= 100,000 106 10,390,556.69 3.20
100,000 * Balance *= 105,000 110 11,306,989.43 3.48
105,000 * Balance *= 110,000 71 7,641,522.65 2.35
110,000 * Balance *= 115,000 87 9,761,246.22 3.01
115,000 * Balance *= 120,000 89 10,492,989.07 3.23
120,000 * Balance *= 125,000 71 8,700,744.32 2.68
125,000 * Balance *= 130,000 64 8,164,057.01 2.51
130,000 * Balance *= 135,000 59 7,815,882.77 2.41
135,000 * Balance *= 140,000 63 8,660,161.52 2.67
140,000 * Balance *= 145,000 49 7,000,769.87 2.16
145,000 * Balance *= 150,000 54 7,983,750.87 2.46
150,000 * Balance *= 200,000 290 49,959,197.88 15.38
200,000 * Balance *= 250,000 148 33,070,215.78 10.18
250,000 * Balance *= 300,000 55 15,040,261.62 4.63
300,000 * Balance *= 350,000 33 10,883,587.16 3.35
350,000 * Balance *= 400,000 23 8,605,717.03 2.65
400,000 * Balance *= 450,000 12 5,206,195.17 1.60
450,000 * Balance *= 500,000 27 13,002,694.82 4.00
500,000 * Balance *= 550,000 3 1,577,838.05 0.49
550,000 * Balance *= 600,000 3 1,727,215.76 0.53
600,000 * Balance *= 650,000 1 623,864.99 0.19
650,000 * Balance *= 700,000 2 1,346,149.65 0.41
750,000 * Balance 7 6,656,170.95 2.05
- --------------------------------------------------------------------------
Total.................... 2695 $ 324,727,357.58 100.00%
==========================================================================
- -------------
* = Less than.
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 2213 265,956,264.55 81.90
Low-Rise Condo 80 7,392,595.77 2.28
Manufactured Housing 1 66,865.40 0.02
PUD 166 25,947,629.25 7.99
Townhouses 8 748,097.28 0.23
High-Rise Condo 9 1,219,116.67 0.38
PUD Detached 1 213,080.69 0.07
Multi-Family 72 9,500,296.90 2.93
2 unit 145 13,683,411.07 4.21
- --------------------------------------------------------------------------
Total............... 2695 $ 324,727,357.58 100.00%
==========================================================================
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES REFERRED TO
HEREIN. INFORMATION CONTAINED HEREIN IS CONFIDENTIAL AND PROVIDED FOR
INFORMATION ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE THE
SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR VERSIONS HEREOF AND
WILL BE DEEMED TO BE SUPERSEDED BY ANY SUBSEQUENT VERSIONS INCLUDING,
WITH RESPECT TO ANY DESCRIPTION OF THE SECURITIES OR THE UNDERLYING
ASSETS, THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT.
OFFERS TO SELL AND SOLICITATIONS OF OFFERS TO BUY THE SECURITIES ARE
MADE ONLY BY THE FINAL PROSPECTUS SUPPLEMENT AND THE RELATED
PROSPECTUS. THIS INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT
BY CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT ACTING AS CHASE
FUNDING'S AGENT.
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
Arizona 61 5,786,953.65 1.78
Arkansas 6 733,564.64 0.23
California 171 33,886,994.12 10.44
Colorado 149 19,199,493.27 5.91
Connecticut 69 10,305,562.56 3.17
Dist of Col 7 836,545.36 0.26
Florida 263 29,996,985.41 9.24
Georgia 88 11,602,697.64 3.57
Idaho 25 2,493,821.34 0.77
Illinois 85 10,731,832.14 3.30
Indiana 64 3,888,221.91 1.20
Iowa 2 108,406.12 0.03
Kansas 5 295,639.73 0.09
Kentucky 53 5,046,472.22 1.55
Louisiana 25 3,368,164.42 1.04
Maine 6 561,838.06 0.17
Maryland 55 8,630,676.10 2.66
Massachusetts 89 11,522,516.97 3.55
Michigan 175 19,548,109.08 6.02
Minnesota 57 6,082,651.84 1.87
Mississippi 22 1,848,748.66 0.57
Missouri 56 5,804,900.19 1.79
Montana 2 257,599.03 0.08
Nebraska 3 362,900.17 0.11
Nevada 8 985,398.00 0.30
New Hampshire 18 1,764,239.98 0.54
New Jersey 115 16,684,340.85 5.14
New Mexico 26 2,345,781.32 0.72
New York 116 17,527,385.98 5.40
North Carolina 58 7,326,790.61 2.26
North Dakota 10 680,827.80 0.21
Ohio 152 13,058,117.72 4.02
Oklahoma 15 1,232,800.17 0.38
Oregon 35 4,230,466.71 1.30
Pennsylvania 62 6,701,335.15 2.06
Rhode Island 24 2,465,726.42 0.76
South Carolina 18 1,726,911.71 0.53
South Dakota 1 107,908.60 0.03
Tennessee 67 6,774,749.23 2.09
Texas 93 10,951,096.37 3.37
Utah 95 12,798,698.96 3.94
Vermont 18 1,887,749.13 0.58
Virginia 43 5,352,769.84 1.65
Washington 48 7,412,223.58 2.28
West Virgina 7 470,381.91 0.14
Wisconsin 126 9,252,982.46 2.85
Wyoming 2 87,380.45 0.03
- --------------------------------------------------------------------------
Total............... 2695 $ 324,727,357.58 100.00%
==========================================================================
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES REFERRED TO
HEREIN. INFORMATION CONTAINED HEREIN IS CONFIDENTIAL AND PROVIDED FOR
INFORMATION ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE THE
SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR VERSIONS HEREOF AND
WILL BE DEEMED TO BE SUPERSEDED BY ANY SUBSEQUENT VERSIONS INCLUDING,
WITH RESPECT TO ANY DESCRIPTION OF THE SECURITIES OR THE UNDERLYING
ASSETS, THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT.
OFFERS TO SELL AND SOLICITATIONS OF OFFERS TO BUY THE SECURITIES ARE
MADE ONLY BY THE FINAL PROSPECTUS SUPPLEMENT AND THE RELATED
PROSPECTUS. THIS INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT
BY CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT ACTING AS CHASE
FUNDING'S AGENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 2402 301,395,520.24 92.81
Investor 266 21,199,267.56 6.53
Second Home 27 2,132,569.78 0.66
- --------------------------------------------------------------------------
Total.................. 2695 $ 324,727,357.58 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
DOCUMENTATION LEVEL
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Full Documentation 2062 233,683,336.68 71.96
B/C 24month Bank Statmnt 233 37,038,519.83 11.41
No Asset Verification 294 36,243,687.13 11.16
Asset Verification 106 17,761,813.94 5.47
- --------------------------------------------------------------------------
Total.................. 2695 $324,727,357.58 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LOAN PURPOSE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Purchase 1154 141,488,360.35 43.57
Refinance/No ETO 429 49,732,931.54 15.32
Refinance/ETO 1112 133,506,065.69 41.11
- --------------------------------------------------------------------------
Total.................. 2695 $ 324,727,357.58 100.00%
==========================================================================
SUMMARY BY PREPAYMENT PENALTY CODE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
No 1243 150,153,807.49 46.24
Yes 1452 174,573,550.09 53.76
- --------------------------------------------------------------------------
Total............... 2695 $324,727,357.58 100.00%
==========================================================================
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES REFERRED TO
HEREIN. INFORMATION CONTAINED HEREIN IS CONFIDENTIAL AND PROVIDED FOR
INFORMATION ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE THE
SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR VERSIONS HEREOF AND
WILL BE DEEMED TO BE SUPERSEDED BY ANY SUBSEQUENT VERSIONS INCLUDING,
WITH RESPECT TO ANY DESCRIPTION OF THE SECURITIES OR THE UNDERLYING
ASSETS, THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT.
OFFERS TO SELL AND SOLICITATIONS OF OFFERS TO BUY THE SECURITIES ARE
MADE ONLY BY THE FINAL PROSPECTUS SUPPLEMENT AND THE RELATED
PROSPECTUS. THIS INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT
BY CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT ACTING AS CHASE
FUNDING'S AGENT.
<PAGE>
LOAN TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 Yr ARM, 30 Yr Amort 1 72,309.35 0.02
1/6 Libor, 30 Yr Amort 158 20,065,233.05 6.18
2/6 Libor, 30 Yr Amort 1566 192,060,502.55 59.15
3/6 Libor, 30 Yr Amort 765 85,165,418.37 26.23
5/1 Yr ARM, 30 Yr Amort 2 539,865.02 0.17
5/6 Libor, 30 Yr Amort 99 10,385,509.60 3.20
6 Mo Libor ARM 104 16,438,519.64 5.06
- --------------------------------------------------------------------------
Total............... 2695 $324,727,357.58 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
INDEX
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 Yr. CMT 3 612,174.37 0.19
6 Mo. LIBOR 2692 324,115,183.21 99.81
- --------------------------------------------------------------------------
Total.................. 2695 $ 324,727,357.58 100.00%
==========================================================================
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 2695 324,727,357.58 100.00
- --------------------------------------------------------------------------
Total............... 2695 $324,727,357.58 100.00%
==========================================================================
SUMMARY BY LOAN GRADE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
A0 889 114,966,030.78 35.40
A- 985 128,524,420.79 39.58
B 419 44,892,216.94 13.82
B- 154 14,209,679.46 4.38
C 181 16,639,098.55 5.12
C- 36 3,441,560.74 1.06
D 31 2,054,350.32 0.63
- --------------------------------------------------------------------------
Total............... 2695 $324,727,357.58 100.00%
==========================================================================
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES REFERRED TO
HEREIN. INFORMATION CONTAINED HEREIN IS CONFIDENTIAL AND PROVIDED FOR
INFORMATION ONLY, DOES NOT PURPORT TO BE COMPLETE AND SHOULD NOT BE
RELIED UPON IN CONNECTION WITH ANY DECISION TO PURCHASE THE
SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR VERSIONS HEREOF AND
WILL BE DEEMED TO BE SUPERSEDED BY ANY SUBSEQUENT VERSIONS INCLUDING,
WITH RESPECT TO ANY DESCRIPTION OF THE SECURITIES OR THE UNDERLYING
ASSETS, THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT.
OFFERS TO SELL AND SOLICITATIONS OF OFFERS TO BUY THE SECURITIES ARE
MADE ONLY BY THE FINAL PROSPECTUS SUPPLEMENT AND THE RELATED
PROSPECTUS. THIS INFORMATION IS FURNISHED TO YOU SOLELY BY PSI AND NOT
BY CHASE FUNDING OR ANY OF ITS AFFILIATES. PSI IS NOT ACTING AS CHASE
FUNDING'S AGENT.
