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: June 11, 1998
(Date of earliest event reported)
Commission File No. 33-92950
Chase Mortgage Finance Corporation
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Delaware 52-1495132
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(State of Incorporation) (I.R.S. Employer Identification No.)
343 Thornall Street
Edison, New Jersey 08837
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Address of principal executive offices (Zip Code)
(732) 205-0600
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Registrant's Telephone Number, including area code
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(Former name, former address and former fiscal year, if changed since last
report)
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ITEM 5. Other Events
Attached as an exhibit are the Structural Term Sheets (as defined in the
no-action letter dated February 17, 1995 issued by the Securities and Exchange
Commission to the Public Securities Association) prepared by PaineWebber
Incorporated which are hereby filed pursuant to such letter.
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ITEM 7. Financial Statements and Exhibits
(c) Exhibits
Item 601(a)
of Regulation S-K
Exhibit No. Description
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(99) Structural Term Sheets prepared by
PaineWebber Incorporated in connection with
Chase Mortgage Finance Corporation,
Multi-Class Mortgage Pass-Through
Certificates, Series 1998-S1
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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 hereunto duly authorized.
CHASE MORTGAGE FINANCE CORPORATION
June 11, 1998
By: /s/ Michael D. Katz
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Name: Michael D. Katz
Title: Senior Vice President
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INDEX TO EXHIBITS
Paper (P) or
Exhibit No. Description Electronic (E)
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(99) Structural Term Sheets prepared by E
PaineWebber Incorporated in connection with
Chase Mortgage Finance Corporation,
Multi-Class Mortgage Pass-Through
Certificates, Series 1998-S1
PaineWebber Inc.
$405MM Chase 98-1
Whole Loan 30YR Fixed-Rate
GWAC 7.512% +/- 0.05%
Pass-Through 6.75%
WAM 356 +/- 2% mths
California 28% max.
SF/PUDs 93% min.
Full/Alt Doc 83% min.
Cash-Out Refi 30% max.
AAA Ratings 2 of 4 (S&P, Fitch, Moody's, D&P)
Estimated Subordination Level 4.25%
Pricing Speed 275% PSA
Settlement Date May 29, 1998
All number approximate.
All tranches subject to 5% size variance.
The information herein has been provided solely by PaineWebber Incorporated.
Neither the issuer of certificates nor any of its affiliates makes any
representation as to the accuracy or completeness of the information herein. The
information herein is preliminary, and will be superseded by the applicable
prospectus supplement and by any other information subsequently filed with the
Securities and Exchange Commission. The information contained herein will be
superseded by the Description of the Mortgage Pool contained in the Prospectus
Supplement relating to the Certificates and supersedes all information contained
in any collateral term sheets relating to the mortgage pool previously provided
by PaineWebber Incorporated.
