<PAGE>
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: October 25, 1999
CHASE FUNDING, INC.
(formerly known as "Chemical Mortgage Securities, Inc.")
--------------------------------------------------------
(Exact Name of Registrant)
New York 333-64131 13-3436103
- ---------------------------- ------------------------ -------------------
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
343 Thornall Street, Edison, NJ 08837
---------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (732) 205-0600
<PAGE>
Item 5. Other Events:
On or about 10/25/99, Chase Funding, Inc. (the "Depositor") made the
distributions to holders of its Mortgage Loan Asset-Backed Certificates, Series
1999-1, Series 1999-2 and Series 1999-3 contemplated by the applicable Pooling
and Servicing Agreement for such Series (collectively, the "Pooling and
Servicing Agreement").
Copies of the Certificateholders' Report with respect to such
distributions delivered pursuant to Section 6.02 of the Pooling and Servicing
Agreement are being filed as exhibits to this Current Report on Form 8-K.
Item 7(c). Exhibits
Exhibits Description
-------- -----------
20.1 Monthly Report with respect to the October 25,
1999 distribution
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: November 5, 1999
THE CHASE MANHATTAN BANK,
As Paying Agent, on behalf
of Chase Funding, Inc.
By: /s/ Andrew M. Cooper
---------------------------
Name: Andrew M.Cooper
Title: Trust Officer
<PAGE>
INDEX TO EXHIBITS
-----------------
Exhibit No. Description
- ----------- -----------
20.1 Monthly Report with respect to the
distribution to certificateholders on
October 25, 1999.
<PAGE>
Exhibit 20.1
- --------------------------------------------------------------------------------
Chase Funding Mortgage Loan Asset-Backed Certificates, Series 1999-1
Statement to Certificateholders
October 25, 1999
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------
DISTRIBUTION IN DOLLARS
- ---------------------------------------------------------------------------------------------------------------------
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE
- ---------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
IA1 56,600,000.00 49,205,475.92 1,542,414.30 244,879.25 1,787,293.55 0.00 0.00 47,663,061.62
IA2 23,800,000.00 23,800,000.00 0.00 119,991.67 119,991.67 0.00 0.00 23,800,000.00
IA3 12,900,000.00 12,900,000.00 0.00 68,316.25 68,316.25 0.00 0.00 12,900,000.00
IA4 12,000,000.00 12,000,000.00 0.00 67,800.00 67,800.00 0.00 0.00 12,000,000.00
IA5 13,000,000.00 13,000,000.00 0.00 68,358.33 68,358.33 0.00 0.00 13,000,000.00
IM1 6,987,000.00 6,987,000.00 0.00 39,534.78 39,534.78 0.00 0.00 6,987,000.00
IM2 2,275,000.00 2,275,000.00 0.00 13,716.35 13,716.35 0.00 0.00 2,275,000.00
IB 2,438,000.00 2,438,000.00 0.00 16,994.89 16,994.89 0.00 0.00 2,438,000.00
IIA1 138,650,000.00 113,979,270.08 4,980,354.90 500,210.69 5,480,565.59 0.00 0.00 108,998,915.18
IIA2 58,750,000.00 58,750,000.00 0.00 291,155.21 291,155.21 0.00 0.00 58,750,000.00
IIM1 17,625,000.00 17,625,000.00 0.00 81,735.94 81,735.94 0.00 0.00 17,625,000.00
IIM2 11,750,000.00 11,750,000.00 0.00 59,242.85 59,242.85 0.00 0.00 11,750,000.00
IIB 8,225,000.00 8,225,000.00 0.00 52,025.41 52,025.41 0.00 0.00 8,225,000.00
R 0.00 0.00 0.00 1,020,690.73 1,020,690.73 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------------
TOTALS 365,000,000.00 332,934,746.00 6,522,769.20 2,644,652.35 9,167,421.55 0.00 0.00 326,411,976.80
- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------ ---------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
- ------------------------------------------------------------------------------ ---------------------
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL CLASS PASS-THRU
CLASS FACTOR PRINCIPAL INTEREST TOTAL FACTOR RATE
- ------------------------------------------------------------------------------ ---------------------
<S> <C> <C> <C> <C> <C> <C> <C>
IA1 869.35469823 27.25113604 4.32648852 31.57762456 842.10356219 IA1 5.972000%
IA2 1,000.00000000 0.00000000 5.04166681 5.04166681 1,000.00000000 IA2 6.050000%
IA3 1,000.00000000 0.00000000 5.29583333 5.29583333 1,000.00000000 IA3 6.355000%
IA4 1,000.00000000 0.00000000 5.65000000 5.65000000 1,000.00000000 IA4 6.780000%
IA5 1,000.00000000 0.00000000 5.25833308 5.25833308 1,000.00000000 IA5 6.310000%
IM1 1,000.00000000 0.00000000 5.65833405 5.65833405 1,000.00000000 IM1 6.790000%
IM2 1,000.00000000 0.00000000 6.02916484 6.02916484 1,000.00000000 IM2 7.235000%
IB 1,000.00000000 0.00000000 6.97083265 6.97083265 1,000.00000000 IB 8.365000%
IIA1 822.06469585 35.92033826 3.60772225 39.52806051 786.14435759 IIA1 5.642500%
IIA2 1,000.00000000 0.00000000 4.95583336 4.95583336 1,000.00000000 IIA2 5.947000%
IIM1 1,000.00000000 0.00000000 4.63750014 4.63750014 1,000.00000000 IIM1 5.962500%
IIM2 1,000.00000000 0.00000000 5.04194468 5.04194468 1,000.00000000 IIM2 6.482500%
IIB 1,000.00000000 0.00000000 6.32527781 6.32527781 1,000.00000000 IIB 8.132500%
- ------------------------------------------------------------------------------ ---------------------
TOTALS 912.14998904 17.87060055 7.24562288 25.11622342 894.27938849
- ------------------------------------------------------------------------------
</TABLE>
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Chase Funding Mortgage Loan Asset-Backed Certificates, Series 1999-1
October 25, 1999
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
Sec. 4.05(a)(i)(A) Group 1 Principal Prepayment Amount 1,432,086.21
Group 2 Principal Prepayment Amount 4,872,137.38
Total Principal Prepayment Amount 6,304,223.59
Sec. 4.05(a)(i)(B) Group 1 Scheduled Principal Amount 110,328.09
Group 2 Scheduled Principal Amount 108,217.52
Total Scheduled Principal Amount 218,545.61
Sec. 4.05(a)(i)(C) Group 1 Extra Principal Distribution Amount 0.00
Group 2 Extra Principal Distribution Amount 0.00
Total Extra Principal Distribution Amount 0.00
Sec. 4.05(a)(iii) Class IA-1 Interest Carryforward Amount 0.00
Class IA-2 Interest Carryforward Amount 0.00
Class IA-3 Interest Carryforward Amount 0.00
Class IA-4 Interest Carryforward Amount 0.00
Class IA-5 Interest Carryforward Amount 0.00
Class IM-1 Interest Carryforward Amount 0.00
Class IM-2 Interest Carryforward Amount 0.00
Class IB Interest Carryforward Amount 0.00
Class IIA-1 Interest Carryforward Amount 0.00
Class IIA-2 Interest Carryforward Amount 0.00
Class IIM-1 Interest Carryforward Amount 0.00
Class IIM-2 Interest Carryforward Amount 0.00
Class IIB Interest Carryforward Amount 0.00
Sec. 4.05(a)(v) Group 1 Beginning Pool Stated Principal Balance 123,450,475.92
Group 2 Beginning Pool Stated Principal Balance 215,029,270.08
Group 1 Ending Pool Stated Principal Balance 121,908,061.62
Group 2 Ending Pool Stated Principal Balance 210,048,915.18
Sec. 4.05(a)(vi) Group 1 Subservicer Fee 51,437.70
Group 2 Subservicer Fee 89,595.53
Total Subservicer Fee 141,033.23
Sec. 4.05(a)(vii) Group 1 Master Servicer Fee 936.17
Group 2 Master Servicer Fee 1,630.64
Total Master Servicer Fee 2,566.80
Sec. 4.05(a)(ix) Group 1 Net Mortgage Rate 9.46722394%
Group 2 Net Mortgage Rate 9.32361122%
Sec. 4.05(a)(x) Group 1 Amount of Advances 0.00
Group 2 Amount of Advances 0.00
Total Amount of Advances 0.00
Sec. 4.05(a)(xi) Group 1 Cumulative Applied Realized Loss 0.00
Group 2 Cumulative Applied Realized Loss 0.00
Total Cumulative Applied Realized Loss 0.00
</TABLE>
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
- --------------------------------------------------------------------------------
Chase Funding Mortgage Loan Asset-Backed Certificates, Series 1999-1
October 25, 1999
- --------------------------------------------------------------------------------
Sec. 4.05(a)(xii)(A) Number and Aggregate Principal Amounts of Mortgage
Loans in Delinquency
Group 1
----------------------------------------------------
Category Number Principal Balance Percentage
----------------------------------------------------
1 Month 31 2,430,065.00 1.99%
----------------------------------------------------
2 Months 15 1,038,987.00 0.85%
----------------------------------------------------
3+Months 3 221,742.00 0.18%
----------------------------------------------------
Total 49 3,690,794.00 3.02%
----------------------------------------------------
----------------------------------------------------
Group 2
----------------------------------------------------
Category Number Principal Balance Percentage
----------------------------------------------------
1 Month 32 3,418,284.00 1.63%
----------------------------------------------------
2 Months 12 1,156,619.00 0.55%
----------------------------------------------------
3+Months 8 885,772.00 0.42%
----------------------------------------------------
Total 52 5,460,675.00 2.60%
----------------------------------------------------
----------------------------------------------------
Group Totals
----------------------------------------------------
Category Number Principal Balance Percentage
----------------------------------------------------
1 Month 63 5,848,349.00 1.76%
---------------------------------------------------
2 Months 27 2,195,606.00 0.66%
---------------------------------------------------
3+ Months 11 1,107,514.00 0.33%
---------------------------------------------------
Total 101 9,151,469.00 2.75%
----------------------------------------------------
Sec. 4.05(a)(xii)(B) Number and Aggregate Principal Amounts of Mortgage
Loans in Foreclosure
----------------------------------------------------
Group 1
----------------------------------------------------
Number Principal Balance Percentage
----------------------------------------------------
12 648,862.00 0.53%
----------------------------------------------------
----------------------------------------------------
Group 2
----------------------------------------------------
Number Principal Balance Percentage
----------------------------------------------------
24 2,596,258.00 1.24%
----------------------------------------------------
----------------------------------------------------
Group Totals
----------------------------------------------------
Number Principal Balance Percentage
----------------------------------------------------
36 3,245,120.00 0.98%
----------------------------------------------------
Sec. 4.05(a)(xiv) Number and Aggregate Principal Amounts of REO Loans
----------------------------------------------------
Group 1
----------------------------------------------------
Number Principal Balance Percentage
----------------------------------------------------
0 0.00 0.00%
----------------------------------------------------
----------------------------------------------------
Group 2
----------------------------------------------------
Number Principal Balance Percentage
----------------------------------------------------
3 391,011.00 0.19%
----------------------------------------------------
----------------------------------------------------
Group Totals
----------------------------------------------------
Number Principal Balance Percentage
----------------------------------------------------
3 391,011.00 0.12%
----------------------------------------------------
Sec. 4.05(a)(xv) Group 1 Aggregate Principal Balance of Liquidated
Loans 0.00
Group 2 Aggregate Principal Balance of Liquidated Loans 0.00
Total Aggregate Principal Balance of Liquidated Loans 0.00
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Chase Funding Mortgage Loan Asset-Backed Certificates, Series 1999-1
October 25, 1999
- --------------------------------------------------------------------------------
Sec. 4.05(a)(xvii) Group 1 Trigger Event NO
Group 2 Trigger Event NO
Sec. 4.05(a)(viii) Class IIA-1 Interest Carryover Amount 0.00
Class IIM-1 Interest Carryover Amount 0.00
Class IIM-2 Interest Carryover Amount 0.00
Class IIB Interest Carryover Amount 0.00
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
Chase Funding Mortgage Loan Asset-Backed Certificates, Series 1999-2
Statement to Certificateholders
October 25, 1999
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS
- -----------------------------------------------------------------------------------------------------------------
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
IA1 76,619,000.00 71,938,288.59 2,108,428.46 307,316.37 2,415,744.83 0.00 0.00 69,829,860.13
IA2 52,940,000.00 52,940,000.00 0.00 302,640.33 302,640.33 0.00 0.00 52,940,000.00
IA3 5,000,000.00 5,000,000.00 0.00 30,366.67 30,366.67 0.00 0.00 5,000,000.00
IA4 19,441,000.00 19,441,000.00 0.00 122,559.30 122,559.30 0.00 0.00 19,441,000.00
IA5 24,000,000.00 24,000,000.00 0.00 146,660.00 146,660.00 0.00 0.00 24,000,000.00
IM1 9,000,000.00 9,000,000.00 0.00 56,797.50 56,797.50 0.00 0.00 9,000,000.00
IM2 7,500,000.00 7,500,000.00 0.00 49,181.25 49,181.25 0.00 0.00 7,500,000.00
IB 5,500,000.00 5,500,000.00 0.00 40,104.17 40,104.17 0.00 0.00 5,500,000.00
IIA1 323,950,000.00 311,415,940.83 5,881,310.92 1,364,261.33 7,245,572.25 0.00 0.00 305,534,629.91
IIM1 22,800,000.00 22,800,000.00 0.00 103,607.00 103,607.00 0.00 0.00 22,800,000.00
IIM2 18,050,000.00 18,050,000.00 0.00 88,199.32 88,199.32 0.00 0.00 18,050,000.00
IIB 15,200,000.00 15,200,000.00 0.00 94,962.00 94,962.00 0.00 0.00 15,200,000.00
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------
TOTALS 580,000,000.00 562,785,229.42 7,989,739.38 2,706,655.24 10,696,394.62 0.00 0.00 554,795,490.04
- -----------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------- ---------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
- --------------------------------------------------------------------------------------- ---------------------
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL CLASS PASS-THRU
CLASS CUSIP FACTOR PRINCIPAL INTEREST TOTAL FACTOR RATE
- --------------------------------------------------------------------------------------- ---------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
IA1 161551AP1 938.90925997 27.51835002 4.01096817 31.52931818 911.39090996 IA1 5.492500%
IA2 161551AQ9 1,000.00000000 0.00000000 5.71666660 5.71666660 1,000.00000000 IA2 6.860000%
IA3 161551AR7 1,000.00000000 0.00000000 6.07333400 6.07333400 1,000.00000000 IA3 7.288000%
IA4 161551AS5 1,000.00000000 0.00000000 6.30416645 6.30416645 1,000.00000000 IA4 7.565000%
IA5 161551AT3 1,000.00000000 0.00000000 6.11083333 6.11083333 1,000.00000000 IA5 7.333000%
IM1 161551AU0 1,000.00000000 0.00000000 6.31083333 6.31083333 1,000.00000000 IM1 7.573000%
IM2 161551AV8 1,000.00000000 0.00000000 6.55750000 6.55750000 1,000.00000000 IM2 7.869000%
IB 161551AW6 1,000.00000000 0.00000000 7.29166727 7.29166727 1,000.00000000 IB 8.750000%
IIA1 161551AX4 961.30866131 18.15499589 4.21133301 22.36632891 943.15366541 IIA1 5.632500%
IIM1 161551AY2 1,000.00000000 0.00000000 4.54416667 4.54416667 1,000.00000000 IIM1 5.842500%
IIM2 161551AZ9 1,000.00000000 0.00000000 4.88638892 4.88638892 1,000.00000000 IIM2 6.282500%
IIB 161551BA3 1,000.00000000 0.00000000 6.24750000 6.24750000 1,000.00000000 IIB 8.032500%
- --------------------------------------------------------------------------------------- ---------------------
TOTALS 970.31936107 13.77541272 4.66664697 18.44205969 956.54394834
- ---------------------------------------------------------------------------------------
</TABLE>
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Chase Funding Mortgage Loan Asset-Backed Certificates, Series 1999-2
October 25, 1999
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
Sec. 4.05(a)(i)(A) Group 1 Principal Prepayment Amount 1,448,929.76
Group 2 Principal Prepayment Amount 4,499,416.60
Total Principal Prepayment Amount 5,948,346.36
Sec. 4.05(a)(i)(B) Group 1 Scheduled Principal Amount 173,612.95
Group 2 Scheduled Principal Amount 183,082.13
Total Scheduled Principal Amount 356,695.08
Sec. 4.05(a)(i)(C) Group 1 Extra Principal Distribution Amount 485,885.75
Group 2 Extra Principal Distribution Amount 1,198,812.19
Total Extra Principal Distribution Amount 1,684,697.93
Sec. 4.05(a)(iii) Class IA-1 Interest Carryforward Amount 0.00
Class IA-2 Interest Carryforward Amount 0.00
Class IA-3 Interest Carryforward Amount 0.00
Class IA-4 Interest Carryforward Amount 0.00
Class IA-5 Interest Carryforward Amount 0.00
Class IM-1 Interest Carryforward Amount 0.00
Class IM-2 Interest Carryforward Amount 0.00
Class IB Interest Carryforward Amount 0.00
Class IIA-1 Interest Carryforward Amount 0.00
Class IIM-1 Interest Carryforward Amount 0.00
Class IIM-2 Interest Carryforward Amount 0.00
Class IIB Interest Carryforward Amount 0.00
Sec. 4.05(a)(v) Group 1 Beginning Pool Stated Principal Balance 196,241,683.71
Group 2 Beginning Pool Stated Principal Balance 369,816,770.12
Group 1 Ending Pool Stated Principal Balance 194,619,141.00
Group 2 Ending Pool Stated Principal Balance 365,134,271.39
Sec. 4.05(a)(vi) Group 1 Subservicer Fee 81,731.62
Group 2 Subservicer Fee 154,090.32
Total Subservicer Fee 235,821.94
Sec. 4.05(a)(vii) Group 1 Master Servicer Fee 1,193.28
Group 2 Master Servicer Fee 2,249.72
Total Master Servicer Fee 3,443.00
Sec. 4.05(a)(ix) Group 1 Net Mortgage Rate 9.43043985%
Group 2 Net Mortgage Rate 9.24730986%
Sec. 4.05(a)(x) Group 1 Amount of Advances 0.00
Group 2 Amount of Advances 0.00
Total Amount of Advances 0.00
Sec. 4.05(a)(xi) Group 1 Cumulative Applied Realized Loss 0.00
Group 2 Cumulative Applied Realized Loss 0.00
Total Cumulative Applied Realized Loss 0.00
</TABLE>
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Chase Funding Mortgage Loan Asset-Backed Certificates, Series 1999-2
October 25, 1999
- --------------------------------------------------------------------------------
Sec. 4.05(a)(xii)(A) Number and Aggregate Principal Amounts of Mortgage
Loans in Delinquency
----------------------------------------------------
Group 1
----------------------------------------------------
Category Number Principal Balance Percentage
----------------------------------------------------
1 Month 34 2,704,637.00 1.39%
----------------------------------------------------
2 Months 4 217,702.00 0.11%
----------------------------------------------------
3+Months 0 0.00 0.00%
----------------------------------------------------
Total 38 2,922,339.00 1.50%
----------------------------------------------------
----------------------------------------------------
Group 2
----------------------------------------------------
Category Number Principal Balance Percentage
----------------------------------------------------
1 Month 33 4,464,084.00 1.22%
----------------------------------------------------
2 Months 4 560,619.00 0.15%
----------------------------------------------------
3+Months 0 0.00 0.00%
----------------------------------------------------
Total 37 5,024,703.00 1.37%
----------------------------------------------------
----------------------------------------------------
Group Totals
----------------------------------------------------
Category Number Principal Balance Percentage
----------------------------------------------------
1 Month 67 7,168,721.00 1.28%
----------------------------------------------------
2 Months 8 778,321.00 0.14%
----------------------------------------------------
3+ Months 0 0.00 0.00%
----------------------------------------------------
Total 75 7,947,042.00 1.42%
----------------------------------------------------
Sec. 4.05(a)(xii)(B) Number and Aggregate Principal Amounts of Mortgage
Loans in Foreclosure
----------------------------------------------------
Group 1
----------------------------------------------------
Number Principal Balance Percentage
----------------------------------------------------
9 756,885.00 0.39%
----------------------------------------------------
----------------------------------------------------
Group 2
----------------------------------------------------
Number Principal Balance Percentage
----------------------------------------------------
11 1,477,447.00 0.40%
----------------------------------------------------
----------------------------------------------------
Group Totals
----------------------------------------------------
Number Principal Balance Percentage
----------------------------------------------------
20 2,234,332.00 0.40%
----------------------------------------------------
Sec. 4.05(a)(xiv) Number and Aggregate Principal Amounts of REO Loans
----------------------------------------------------
Group 1
----------------------------------------------------
Number Principal Balance Percentage
----------------------------------------------------
0 0.00 0.00%
----------------------------------------------------
----------------------------------------------------
Group 2
----------------------------------------------------
Number Principal Balance Percentage
----------------------------------------------------
0 0.00 0.00%
----------------------------------------------------
----------------------------------------------------
Group Totals
----------------------------------------------------
Number Principal Balance Percentage
----------------------------------------------------
0 0.00 0.00%
----------------------------------------------------
Sec. 4.05(a)(xv) Group 1 Aggregate Principal Balance of Liquidated Loans 0.00
Group 2 Aggregate Principal Balance of Liquidated Loans 0.00
Total Aggregate Principal Balance of Liquidated Loans 0.00
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Chase Funding Mortgage Loan Asset-Backed Certificates, Series 1999-2
October 25, 1999
- --------------------------------------------------------------------------------
Sec. 4.05(a)(xvii) Group 1 Trigger Event NO
Group 2 Trigger Event NO
Sec. 4.05(a)(viii) Class IIA-1 Interest Carryover Amount 0.00
Class IIM-1 Interest Carryover Amount 0.00
Class IIM-2 Interest Carryover Amount 0.00
Class IIB Interest Carryover Amount 0.00
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Chase Funding Mortgage Loan Asset-Backed Certificates, Series 1999-3
Statement to Certificateholders
October 25, 1999
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------
DISTRIBUTION IN DOLLARS
- ---------------------------------------------------------------------------------------------------------------
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
IA1 44,000,000.00 44,000,000.00 428,709.63 212,272.50 640,982.13 0.00 0.00 43,571,290.37
IA2 20,000,000.00 20,000,000.00 0.00 117,700.00 117,700.00 0.00 0.00 20,000,000.00
IA3 16,500,000.00 16,500,000.00 0.00 98,725.00 98,725.00 0.00 0.00 16,500,000.00
IA4 18,000,000.00 18,000,000.00 0.00 113,760.00 113,760.00 0.00 0.00 18,000,000.00
IA5 10,850,000.00 10,850,000.00 0.00 70,886.67 70,886.67 0.00 0.00 10,850,000.00
IA6 12,150,000.00 12,150,000.00 0.00 75,714.75 75,714.75 0.00 0.00 12,150,000.00
IM1 6,750,000.00 6,750,000.00 0.00 44,122.50 44,122.50 0.00 0.00 6,750,000.00
IM2 3,712,000.00 3,712,000.00 0.00 26,061.33 26,061.33 0.00 0.00 3,712,000.00
IB 3,038,000.00 3,038,000.00 0.00 22,785.00 22,785.00 0.00 0.00 3,038,000.00
IIA1 207,025,000.00 207,025,000.00 1,556,666.20 1,018,376.10 2,575,042.30 0.00 0.00 205,468,333.80
IIB 11,025,000.00 11,025,000.00 0.00 77,207.92 77,207.92 0.00 0.00 11,025,000.00
IIM1 15,925,000.00 15,925,000.00 0.00 82,724.85 82,724.85 0.00 0.00 15,925,000.00
IIM2 11,025,000.00 11,025,000.00 0.00 61,922.98 61,922.98 0.00 0.00 11,025,000.00
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------
TOTALS 380,000,000.00 380,000,000.00 1,985,375.83 2,022,259.60 4,007,635.43 0.00 0.00 378,014,624.17
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------- -----------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
- -------------------------------------------------------------------------------------- -----------------------
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL CLASS PASS-THRU
CLASS CUSIP FACTOR PRINCIPAL INTEREST TOTAL FACTOR RATE
- -------------------------------------------------------------------------------------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
IA1 161551BB1 1,000.00000000 9.74340068 4.82437500 14.56777568 990.25659932 IA1 5.602500%
IA2 161551BC9 1,000.00000000 0.00000000 5.88500000 5.88500000 1,000.00000000 IA2 7.062000%
IA3 161551BD7 1,000.00000000 0.00000000 5.98333333 5.98333333 1,000.00000000 IA3 7.180000%
IA4 161551BE5 1,000.00000000 0.00000000 6.32000000 6.32000000 1,000.00000000 IA4 7.584000%
IA5 161551BF2 1,000.00000000 0.00000000 6.53333364 6.53333364 1,000.00000000 IA5 7.840000%
IA6 161551BG0 1,000.00000000 0.00000000 6.23166667 6.23166667 1,000.00000000 IA6 7.478000%
IM1 161551BH8 1,000.00000000 0.00000000 6.53666667 6.53666667 1,000.00000000 IM1 7.844000%
IM2 161551BJ4 1,000.00000000 0.00000000 7.02083244 7.02083244 1,000.00000000 IM2 8.425000%
IB 161551BK1 1,000.00000000 0.00000000 7.50000000 7.50000000 1,000.00000000 IB 9.000000%
IIA1 161551BL9 1,000.00000000 7.51921845 4.91909721 12.43831566 992.48078155 IIA1 5.712500%
IIB 161551BM7 1,000.00000000 0.00000000 7.00298594 7.00298594 1,000.00000000 IIB 8.132500%
IIM1 161551BN5 1,000.00000000 0.00000000 5.19465306 5.19465306 1,000.00000000 IIM1 6.032500%
IIM2 161551BP0 1,000.00000000 0.00000000 5.61659683 5.61659683 1,000.00000000 IIM2 6.522500%
- -------------------------------------------------------------------------------------- -----------------------
TOTALS 1,000.00000000 5.22467324 5.32173579 10.54640903 994.77532676
- --------------------------------------------------------------------------------------
</TABLE>
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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<PAGE>
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Chase Funding Mortgage Loan Asset-Backed Certificates, Series 1999-3
October 25, 1999
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
Sec. 4.05(a)(i)(A) Group 1 Principal Prepayment Amount 135,091.84
Group 2 Principal Prepayment Amount 942,719.77
Total Principal Prepayment Amount 1,077,811.61
Sec. 4.05(a)(i)(B) Group 1 Scheduled Principal Amount 98,223.99
Group 2 Scheduled Principal Amount 108,427.31
Total Scheduled Principal Amount 206,651.30
Sec. 4.05(a)(i)(C) Group 1 Extra Principal Distribution Amount 195,393.80
Group 2 Extra Principal Distribution Amount 505,519.12
Total Extra Principal Distribution Amount 700,912.92
Sec. 4.05(a)(iii) Class IA-1 Interest Carryforward Amount 0.00
Class IA-2 Interest Carryforward Amount 0.00
Class IA-3 Interest Carryforward Amount 0.00
Class IA-4 Interest Carryforward Amount 0.00
Class IA-5 Interest Carryforward Amount 0.00
Class IA-6 Interest Carryforward Amount 0.00
Class IM-1 Interest Carryforward Amount 0.00
Class IM-2 Interest Carryforward Amount 0.00
Class IB Interest Carryforward Amount 0.00
Class IIA-1 Interest Carryforward Amount 0.00
Class IIM-1 Interest Carryforward Amount 0.00
Class IIM-2 Interest Carryforward Amount 0.00
Class IIB Interest Carryforward Amount 0.00
Sec. 4.05(a)(v) Group 1 Beginning Pool Stated Principal Balance 135,047,028.58
Group 2 Beginning Pool Stated Principal Balance 245,009,538.99
Group 1 Ending Pool Stated Principal Balance 134,813,712.75
Group 2 Ending Pool Stated Principal Balance 243,958,391.91
Sec. 4.05(a)(vi) Group 1 Subservicer Fee 52,190.32
Group 2 Subservicer Fee 94,340.24
Total Subservicer Fee 146,530.56
Sec. 4.05(a)(vii) Group 1 Master Servicer Fee 949.87
Group 2 Master Servicer Fee 1,716.96
Total Master Servicer Fee 2,666.83
Sec. 4.05(a)(ix) Group 1 Net Mortgage Rate 9.35820994%
Group 2 Net Mortgage Rate 9.25648975%
Sec. 4.05(a)(x) Group 1 Amount of Advances 0.00
Group 2 Amount of Advances 0.00
Total Amount of Advances 0.00
Sec. 4.05(a)(xi) Group 1 Cumulative Applied Realized Loss 0.00
Group 2 Cumulative Applied Realized Loss 0.00
Total Cumulative Applied Realized Loss 0.00
</TABLE>
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
Chase Funding Mortgage Loan Asset-Backed Certificates, Series 1999-3
October 25, 1999
- --------------------------------------------------------------------------------
Sec. 4.05(a)(xii)(A) Number and Aggregate Principal Amounts of Mortgage
Loans in Delinquency
----------------------------------------------------
Group 1
----------------------------------------------------
Category Number Principal Balance Percentage
----------------------------------------------------
1 Month 6 406,889.00 0.30%
----------------------------------------------------
2 Months 1 144,000.00 0.11%
----------------------------------------------------
3+Months 0 0.00 0.00%
----------------------------------------------------
Total 7 550,889.00 0.41%
----------------------------------------------------
----------------------------------------------------
Group 2
----------------------------------------------------
Category Number Principal Balance Percentage
----------------------------------------------------
1 Month 0 0.00 0.00%
----------------------------------------------------
2 Months 0 0.00 0.00%
----------------------------------------------------
3+Months 0 0.00 0.00%
----------------------------------------------------
Total 0 0.00 0.00%
----------------------------------------------------
----------------------------------------------------
Group Totals
----------------------------------------------------
Category Number Principal Balance Percentage
----------------------------------------------------
1 Month 6 406,889.00 0.11%
----------------------------------------------------
2 Months 1 144,000.00 0.04%
----------------------------------------------------
3+ Months 0 0.00 0.00%
----------------------------------------------------
Total 7 550,889.00 0.15%
----------------------------------------------------
Sec. 4.05(a)(xii)(B) Number and Aggregate Principal Amounts of Mortgage
Loans in Foreclosure
----------------------------------------------------
Group 1
----------------------------------------------------
Number Principal Balance Percentage
----------------------------------------------------
0 0.00 0.00%
----------------------------------------------------
----------------------------------------------------
Group 2
----------------------------------------------------
Number Principal Balance Percentage
----------------------------------------------------
0 0.00 0.00%
----------------------------------------------------
----------------------------------------------------
Group Totals
----------------------------------------------------
Number Principal Balance Percentage
----------------------------------------------------
0 0.00 0.00%
----------------------------------------------------
Sec. 4.05(a)(xiv) Number and Aggregate Principal Amounts of REO Loans
----------------------------------------------------
Group 1
----------------------------------------------------
Number Principal Balance Percentage
----------------------------------------------------
0 0.00 0.00%
----------------------------------------------------
----------------------------------------------------
Group 2
----------------------------------------------------
Number Principal Balance Percentage
----------------------------------------------------
0 0.00 0.00%
----------------------------------------------------
----------------------------------------------------
Group Totals
----------------------------------------------------
Number Principal Balance Percentage
----------------------------------------------------
0 0.00 0.00%
----------------------------------------------------
Sec. 4.05(a)(xv) Group 1 Aggregate Principal Balance of Liquidated Loans 0.00
Group 2 Aggregate Principal Balance of Liquidated Loans 0.00
Total Aggregate Principal Balance of Liquidated Loans 0.00
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Chase Funding Mortgage Loan Asset-Backed Certificates, Series 1999-3
October 25, 1999
- --------------------------------------------------------------------------------
Sec. 4.05(a)(xvii) Group 1 Trigger Event NO
Group 2 Trigger Event NO
Sec. 4.05(a)(viii) Class IIA-1 Interest Carryover Amount 0.00
Class IIM-1 Interest Carryover Amount 0.00
Class IIM-2 Interest Carryover Amount 0.00
Class IIB Interest Carryover Amount 0.00
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
- --------------------------------------------------------------------------------
