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 26, 1998
CHASE MORTGAGE FINANCE CORPORATION
--------------------------------------------------
(Exact Name of Registrant)
DELAWARE 33-92950 52-1495132
-------------- ------------- ------------------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
343 Thornall Street, Edison NJ 08837 32256
----------------------------------------------------
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 10/26/98, Chase Mortgage Finance Corporation
(the "Depositor") made the distributions to holders of its Multi-Class
Pass-Through Certificates, Series 1998-S1, Series 1998-S2, Series 1998-S3,
Series 1998-S4, Series 1998-S6, Series 1998-AS1 and Series 1998-AS2 as
contemplated by each Series' respective Pooling and Servicing Agreement
(the "Pooling and Servicing Agreement"), in each case, among the Depositor,
The Chase Mortgage Finance Corporation, as Servicer and Citibank, N.A. as
Trustee.
Copies of the Certificateholders' Reports with respect to such
distributions delivered pursuant to Section 6.02 of the respective 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 Reports with respect to the
October 26, 1998 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 19, 1998
THE CHASE MANHATTAN BANK,
as Paying Agent, on behalf of
Chase Mortgage Finance Corp.
By: /s/ Andrew Cooper
-------------------
Name: Andrew Cooper
Title: Trust Officer
<PAGE>
INDEX TO EXHIBITS
-----------------
Exhibit No. Description
----------- -----------
20.1 Monthly Reports with respect to the
distribution to Certificateholders on
October 26, 1998.
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MORTGAGE FINANCE CORPORATION
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S1
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 26-Oct-98 PAGE # 1
RECORD DATE: 30-Sep-98
- ------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING COMPENSATING ENDING
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL REALIZED LOSS INTEREST CERTIFICATE
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION PRINCIPAL INTEREST SHORTFALLS BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 156,000,000.00 149,893,458.78 2,965,122.58 843,150.71 3,808,273.29 0.00 0.00 0.00 146,928,336.20
A-2 100,000,000.00 96,670,025.12 1,616,919.19 543,768.89 2,160,688.08 0.00 0.00 0.00 95,053,105.93
A-3 50,000,000.00 48,414,299.31 769,960.72 272,330.43 1,042,291.15 0.00 0.00 0.00 47,644,338.59
A-4 22,100,000.00 22,100,000.00 0.00 124,312.50 124,312.50 0.00 0.00 0.00 22,100,000.00
A-5 14,058,975.00 14,058,975.00 0.00 74,129.93 74,129.93 0.00 0.00 0.00 14,058,975.00
A-6 4,686,325.00 4,686,325.00 0.00 31,312.38 31,312.38 0.00 0.00 0.00 4,686,325.00
A-7 40,500,000.00 40,500,000.00 0.00 227,812.50 227,812.50 0.00 0.00 0.00 40,500,000.00
A-P 451,538.00 449,562.16 513.20 0.00 513.20 0.00 0.00 0.00 449,048.96
A-R 100.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
M 8,707,712.00 8,680,546.16 6,936.30 48,828.07 55,764.37 0.00 0.00 0.00 8,673,609.86
B-1 3,442,584.00 3,431,843.97 2,742.27 19,304.12 22,046.39 0.00 0.00 0.00 3,429,101.70
B-2 1,822,544.00 1,816,858.23 1,451.76 10,219.83 11,671.59 0.00 0.00 0.00 1,815,406.47
B-3 1,417,534.00 1,413,111.80 1,129.13 7,948.75 9,077.88 0.00 0.00 0.00 1,411,982.67
B-4 810,019.00 807,491.87 645.26 4,542.14 5,187.40 0.00 0.00 0.00 806,846.61
B-5 1,012,573.33 1,009,414.16 806.64 5,677.95 6,484.59 0.00 0.00 0.00 1,008,607.52
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL 405,009,905.19 393,931,911.56 5,366,227.05 2,213,338.20 7,579,565.25 0.00 0.00 0.00 388,565,684.51
- ------------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING ENDING
NOTIONAL NOTIONAL INTEREST TOTAL NOTIONAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION BALANCE
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-X 377,526,002.16 366,568,223.66 144,906.78 144,906.78 361,233,293.90
- --------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000 PASS THRU RATES
PRINCIPAL INTEREST END. CERT. PASS-THRU
CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS RATE
- ------------------------------------------------------------------------------- ----------------------------------
<S> <C> <C> <C> <C> <C>
A-1 19.00719603 5.40481224 941.84830897 A-1 6.75000000%
A-2 16.16919190 5.43768890 950.53105930 A-2 6.75000000%
A-3 15.39921440 5.44660860 952.88677180 A-3 6.75000000%
A-4 0.00000000 5.62500000 1000.00000000 A-4 6.75000000%
A-5 0.00000000 5.27278340 1000.00000000 A-5 6.32734000%
A-6 0.00000000 6.68164927 1000.00000000 A-6 8.01798000%
A-7 0.00000000 5.62500000 1000.00000000 A-7 6.75000000%
A-P 1.13655994 N/A 994.48764002 A-P N/A
A-R 0.00000000 0.00000000 0.00000000 A-R 6.75000000%
A-X N/A 0.38383258 956.84348054 A-X 0.47436817%
M 0.79656975 5.60745119 996.08368536 M 6.75000000%
B-1 0.79657316 5.60745068 996.08366855 B-1 6.75000000%
B-2 0.79655690 5.60745310 996.08375436 B-2 6.75000000%
B-3 0.79654527 5.60744927 996.08381175 B-3 6.75000000%
B-4 0.79659860 5.60744871 996.08356100 B-4 6.75000000%
B-5 0.79662379 5.60744573 996.08343427 B-5 6.75000000%
- ------------------------------------------------------------------------------- ----------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MORTGAGE FINANCE CORPORATION
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S1
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 26-Oct-98 PAGE # 2
RECORD DATE: 30-Sep-98
<S> <C> <C>
SECTION 6.02 (iii) AGGREGATE PRINCIPAL PREPAYMENT AMOUNT 5,051,397.26
AGGREGATE REPURCHASE PROCEEDS AMOUNT 0.00
SECTION 6.02 (iv) AGGREGATE SERVICER ADVANCES 33,443.38
SECTION 6.02 (iv) NUMBER OF OUTSTANDING MORTGAGE LOANS 1,375
ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL 388,565,684.52
SECTION 6.02 (vi) SERVICING FEES 102,094.09
SECTION 6.02 (vii) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:
-------------------------------------------------------------------------------------
CATEGORY COUNT AGG. PRIN. BAL.
-------------------------------------------------------------------------------------
1 MONTH 9 1,913,660.49
2 MONTHS 1 286,294.84
3+ MONTHS 0 0.00
FORECLOSURE 0 0.00
-------------------------------------------------------------------------------------
SECTION 6.02 (viii) MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE
-------------------------------------------------------------
COUNT AGG. PRIN. BAL.
-------------------------------------------------------------
0 0.00
-------------------------------------------------------------
SECTION 6.02 (ix) AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED 0.00
DUE PERIOD
-------------------------------------------------------------------------------------
SECTION 6.02 (x) CLASS PERCENTAGE PRINCIPAL BALANCE
-------------------------------------------------------------------------------------
CLASS A 95.64% 376,772,645.37
CLASS M 2.20% 8,680,546.16
CLASS B 2.15% 8,478,720.03
-------------------------------------------------------------------------------------
NON-PO CLASS A PERCENTAGE 95.64%
NON-PO CLASS A PREPAYMENT PERCENTAGE 100.00%
CREDIT SUPPORT LEVEL
-------------------------------------------------------------
CLASS CREDIT SUPPORT
-------------------------------------------------------------
M 2.15%
B-1 1.28%
B-2 0.82%
B-3 0.46%
B-4 0.26%
-------------------------------------------------------------
SECTION 6.02 (xi) CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES 0.00
CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES 0.00
(C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MORTGAGE FINANCE CORPORATION
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S2
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 26-Oct-98 PAGE # 1
RECORD DATE: 30-Sep-98
- ------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING COMPENSATING ENDING
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL REALIZED LOSS INTEREST CERTIFICATE
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION PRINCIPAL INTEREST SHORTFALLS BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 70,900,000.00 70,900,000.00 0.00 384,041.67 384,041.67 0.00 0.00 0.00 70,900,000.00
A-2 42,347,000.00 42,347,000.00 0.00 229,379.58 229,379.58 0.00 0.00 0.00 42,347,000.00
A-3 59,497,000.00 59,497,000.00 0.00 327,233.50 327,233.50 0.00 0.00 0.00 59,497,000.00
A-5 46,300,000.00 45,577,958.75 303,051.69 265,871.43 568,923.12 0.00 0.00 0.00 45,274,907.06
A-6 CP1 13,800,000.00 13,584,791.14 90,326.42 79,244.61 169,571.03 0.00 0.00 0.00 13,494,464.72
A-6 CP2 21,900,000.00 21,426,381.76 253,395.89 124,987.23 378,383.12 0.00 0.00 0.00 21,172,985.87
A-7 7,000,000.00 3,562,705.18 1,083,886.17 0.00 1,083,886.17 0.00 0.00 0.00 2,499,601.46
A-8 500,000.00 508,801.14 0.00 0.00 0.00 0.00 0.00 0.00 511,769.15
A-9 127,600,000.00 125,808,703.22 735,188.53 733,884.10 1,469,072.63 0.00 0.00 0.00 125,073,514.69
A-10 15,600,000.00 9,033,073.36 2,263,225.43 0.00 2,263,225.43 0.00 0.00 0.00 6,822,540.86
A-11 7,599,000.00 7,732,759.74 0.00 0.00 0.00 0.00 0.00 0.00 7,777,867.51
A-12 985,000.00 1,002,338.24 0.00 0.00 0.00 0.00 0.00 0.00 1,008,185.21
A-13 8,937,320.00 8,454,107.44 170,435.73 N/A 170,435.73 0.00 0.00 0.00 8,283,671.71
A-14 84,278,300.00 84,278,300.00 0.00 474,065.44 474,065.44 0.00 0.00 0.00 84,278,300.00
A-P 237,974.00 237,312.44 239.83 N/A 239.83 0.00 0.00 0.00 237,072.61
A-R 100.95 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
M 11,396,000.00 11,369,813.58 8,981.04 63,955.20 72,936.24 0.00 0.00 0.00 11,360,832.54
B-1 4,505,000.00 4,494,648.14 3,550.33 25,282.40 28,832.73 0.00 0.00 0.00 4,491,097.81
B-2 2,385,000.00 2,379,519.61 1,879.59 13,384.80 15,264.39 0.00 0.00 0.00 2,377,640.02
B-3 1,855,000.00 1,850,737.47 1,461.90 10,410.40 11,872.30 0.00 0.00 0.00 1,849,275.57
B-4 1,061,000.00 1,058,561.97 836.16 5,954.41 6,790.57 0.00 0.00 0.00 1,057,725.81
B-5 1,325,030.44 1,321,985.70 1,044.24 7,436.17 8,480.41 0.00 0.00 0.00 1,320,941.46
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL 530,008,725.39 516,426,498.88 4,917,502.95 2,745,130.94 7,662,633.89 0.00 0.00 0.00 511,636,394.06
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING ENDING
NOTIONAL NOTIONAL INTEREST TOTAL NOTIONAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION BALANCE
- ------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-4 5,516,488.89 5,516,488.89 31,030.25 31,030.25 5,516,488.89
A-X 511,626,605.16 498,095,543.33 192,445.41 192,445.41 493,323,513.84
- ------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000 PASS THRU RATES
PRINCIPAL INTEREST END. CERT. PASS-THRU
CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS RATE
- ------------------------------------------------------------------------------- ---------------------------------
<S> <C> <C> <C> <C> <C>
A-1 0.00000000 5.41666671 1000.00000000 A-1 6.50000000%
A-2 0.00000000 5.41666659 1000.00000000 A-2 6.50000000%
A-3 0.00000000 5.50000000 1000.00000000 A-3 6.60000000%
A-4 N/A 5.62500000 1000.00000000 A-4 6.75000000%
A-5 6.54539287 5.74236350 977.85976371 A-5 7.00000000%
A-6 CP1 6.54539275 5.74236304 977.85976232 A-6 CP1 7.00000000%
A-6 CP2 11.57058858 5.70717945 966.80300776 A-6 CP2 7.00000000%
A-7 154.84088143 0.00000000 357.08592286 A-7 7.00000000%
A-8 0.00000000 0.00000000 1023.53830000 A-8 7.00000000%
A-9 5.76166560 5.75144279 980.19995839 A-9 7.00000000%
A-10 145.07855321 0.00000000 437.34236282 A-10 7.00000000%
A-11 0.00000000 0.00000000 1023.53829583 A-11 7.00000000%
A-12 0.00000000 0.00000000 1023.53828426 A-12 7.00000000%
A-13 19.07011610 N/A 926.86305403 A-13 N/A
A-14 0.00000000 5.62500003 1000.00000000 A-14 6.75000000%
A-P 1.00779917 N/A 996.21223327 A-P N/A
A-R 0.00000000 0.00000000 0.00000000 A-R 6.75000000%
A-X N/A 0.37614426 964.22568503 A-X 0.46362000%
M 0.78808705 5.61207441 996.91405230 M 6.75000000%
B-1 0.78808657 5.61207547 996.91405327 B-1 6.75000000%
B-2 0.78808805 5.61207547 996.91405451 B-2 6.75000000%
B-3 0.78808625 5.61207547 996.91405391 B-3 6.75000000%
B-4 0.78808671 5.61207352 996.91405278 B-4 6.75000000%
B-5 0.78808756 5.61207484 996.91404825 B-5 6.75000000%
- ------------------------------------------------------------------------------- ---------------------------------
(C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MORTGAGE FINANCE CORPORATION
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S2
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 26-Oct-98 PAGE # 2
RECORD DATE: 30-Sep-98
<S> <C> <C>
SECTION 6.02 (iii) AGGREGATE PRINCIPAL PREPAYMENT AMOUNT 4,382,161.45
AGGREGATE REPURCHASE PROCEEDS AMOUNT 0.00
SECTION 6.02 (iv) AGGREGATE SERVICER ADVANCES 0.00
SECTION 6.02 (iv) NUMBER OF OUTSTANDING MORTGAGE LOANS 1,723
ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL 511,636,394.06
SECTION 6.02 (vi) SERVICING FEES 132,764.74
SECTION 6.02 (vii) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:
------------------------------------------------------------------------------------
CATEGORY COUNT AGG. PRIN. BAL.
------------------------------------------------------------------------------------
1 MONTH 11 3,506,028.60
2 MONTHS 0 0.00
3+ MONTHS 0 0.00
FORECLOSURE 0 0.00
------------------------------------------------------------------------------------
SECTION 6.02 (viii) MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE
-------------------------------------------------------------
COUNT AGG. PRIN. BAL.
-------------------------------------------------------------
0 0.00
-------------------------------------------------------------
SECTION 6.02 (ix) AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED 0.00
DUE PERIOD
------------------------------------------------------------------------------------
SECTION 6.02 (x) CLASS PERCENTAGE PRINCIPAL BALANCE
------------------------------------------------------------------------------------
CLASS A 95.65% 493,951,232.41
CLASS M 2.20% 11,369,813.58
CLASS B 2.15% 11,105,452.89
------------------------------------------------------------------------------------
NON-PO CLASS A PERCENTAGE 95.64592%
NON-PO CLASS A PREPAYMENT PERCENTAGE 100.00000%
CREDIT SUPPORT LEVEL
-------------------------------------------------------------
CLASS CREDIT SUPPORT
-------------------------------------------------------------
M 2.15%
B-1 1.28%
B-2 0.82%
B-3 0.46%
B-4 0.26%
-------------------------------------------------------------
SECTION 6.02 (xi) CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES 0.00
CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES 0.00
(C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MORTGAGE FINANCE CORPORATION
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S3
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 26-Oct-98 PAGE # 1
RECORD DATE: 30-Sep-98
- ------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING COMPENSATING ENDING
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL REALIZED LOSS INTEREST CERTIFICATE
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION PRINCIPAL INTEREST SHORTFALLS BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 61,642,000.00 60,331,430.38 691,212.75 326,795.25 1,018,008.00 0.00 0.00 0.00 59,640,217.63
A-2 7,000,000.00 7,000,000.00 0.00 37,916.67 37,916.67 0.00 0.00 0.00 7,000,000.00
A-3 94,261,000.00 92,461,291.35 949,191.52 500,831.99 1,450,023.51 0.00 0.00 0.00 91,512,099.83
A-4 11,300,000.00 11,300,000.00 0.00 61,208.33 61,208.33 0.00 0.00 0.00 11,300,000.00
A-5 44,896,000.00 44,455,322.41 149,177.21 240,799.66 389,976.87 0.00 0.00 0.00 44,306,145.20
A-P 551,754.00 545,654.93 1,934.23 N/A 1,934.23 0.00 0.00 0.00 543,720.70
A-R 100.36 0.00 0.00 (0.00) (0.00) 0.00 0.00 0.00 0.00
M 2,475,575.00 2,451,275.94 8,225.68 13,277.74 21,503.42 0.00 0.00 0.00 2,443,050.26
B-1 787,683.00 779,951.49 2,617.26 4,224.74 6,842.00 0.00 0.00 0.00 777,334.23
B-2 675,156.00 668,528.99 2,243.36 3,621.20 5,864.56 0.00 0.00 0.00 666,285.63
B-3 675,156.00 668,528.99 2,243.36 3,621.20 5,864.56 0.00 0.00 0.00 666,285.63
B-4 337,578.00 334,264.50 1,121.68 1,810.60 2,932.28 0.00 0.00 0.00 333,142.82
B-5 450,295.59 445,875.70 1,496.21 2,415.16 3,911.37 0.00 0.00 0.00 444,379.49
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL 225,052,297.95 221,442,124.68 1,809,463.26 1,196,522.54 3,005,985.80 0.00 0.00 0.00 219,632,661.42
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING ENDING
NOTIONAL NOTIONAL INTEREST TOTAL NOTIONAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION BALANCE
- ------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-X 198,278,988.72 194,987,749.95 61,874.50 61,874.50 193,272,796.09
- ------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000 PASS THRU RATES
PRINCIPAL INTEREST END. CERT. PASS-THRU
CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS RATE
- ------------------------------------------------------------------------------- ----------------------------------
<S> <C> <C> <C> <C> <C>
A-1 11.21334074 5.30150303 967.52567454 A-1 6.50000000%
A-2 0.00000000 5.41666714 1000.00000000 A-2 6.50000000%
A-3 10.06982230 5.31324715 970.83735405 A-3 6.50000000%
A-4 0.00000000 5.41666637 1000.00000000 A-4 6.50000000%
A-5 3.32272831 5.36349920 986.86175160 A-5 6.50000000%
A-P 3.50560213 N/A 985.44043179 A-P N/A
A-R 0.00000000 0.00000000 0.00000000 A-R 6.50000000%
A-X N/A 0.31205777 974.75177445 A-X 0.38079000%
M 3.32273512 5.36349737 986.86174323 M 6.50000000%
B-1 3.32273262 5.36350283 986.86175784 B-1 6.50000000%
B-2 3.32272838 5.36350118 986.86174751 B-2 6.50000000%
B-3 3.32272838 5.36350118 986.86174751 B-3 6.50000000%
B-4 3.32272838 5.36350118 986.86176232 B-4 6.50000000%
B-5 3.32272852 5.36349912 986.86174120 B-5 6.50000000%
- ------------------------------------------------------------------------------- ----------------------------------
(C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MORTGAGE FINANCE CORPORATION
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S3
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 26-Oct-98 PAGE # 2
RECORD DATE: 30-Sep-98
<S> <C> <C>
SECTION 6.02 (iii) AGGREGATE PRINCIPAL PREPAYMENT AMOUNT 1,066,320.61
AGGREGATE REPURCHASE PROCEEDS AMOUNT 0.00
SECTION 6.02 (iv) AGGREGATE SERVICER ADVANCES 12,536.98
SECTION 6.02 (v) NUMBER OF OUTSTANDING MORTGAGE LOANS 780
ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL 219,632,661.42
SECTION 6.02 (vi) SERVICING FEES 58,497.61
SECTION 6.02 (vii) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:
-------------------------------------------------------------------------------------
CATEGORY COUNT AGG. PRIN. BAL.
-------------------------------------------------------------------------------------
1 MONTH 0 0.00
2 MONTHS 0 0.00
3+ MONTHS 1 324,244.47
FORECLOSURE 0 0.00
-------------------------------------------------------------------------------------
SECTION 6.02 (viii) MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE
-------------------------------------------------------------
COUNT AGG. PRIN. BAL.
-------------------------------------------------------------
0 0.00
-------------------------------------------------------------
SECTION 6.02 (ix) AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED 0.00
DUE PERIOD
-------------------------------------------------------------------------------------
SECTION 6.02 (x) CLASS PERCENTAGE PRINCIPAL BALANCE
------------------------ -----------------------------------------
-------------------------------------------------------------------------------------
CLASS A 97.58% 216,093,699.07
CLASS M 1.11% 2,451,275.94
CLASS B 1.31% 2,897,149.67
-------------------------------------------------------------------------------------
NON-PO CLASS A PERCENTAGE 97.58%
NON-PO CLASS A PREPAYMENT PERCENTAGE 100.00%
CREDIT SUPPORT LEVEL
-------------------------------------------------------------
CLASS CREDIT SUPPORT
-------------------------------------------------------------
-----------------------------------------
M 1.31%
B-1 0.96%
B-2 0.65%
B-3 0.35%
B-4 0.20%
-------------------------------------------------------------
SECTION 6.02 (xi) CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES 0.00
CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES 0.00
(C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MORTGAGE FINANCE CORPORATION
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S4
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 26-Oct-98 PAGE # 1
RECORD DATE: 30-Sep-98
- ------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING COMPENSATING ENDING
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL REALIZED LOSS INTEREST CERTIFICATE
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION PRINCIPAL INTEREST SHORTFALLS BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 25,000,000.00 25,000,000.00 0.00 136,458.33 136,458.33 0.00 0.00 0.00 25,000,000.00
A-2 25,850,000.00 25,850,000.00 0.00 140,020.83 140,020.83 0.00 0.00 0.00 25,850,000.00
A-3 66,951,000.00 66,951,000.00 0.00 365,440.88 365,440.88 0.00 0.00 0.00 66,951,000.00
A-4 61,548,000.00 61,548,000.00 0.00 335,949.50 335,949.50 0.00 0.00 0.00 61,548,000.00
A-6 8,590,000.00 8,505,702.82 50,928.17 56,704.69 107,632.86 0.00 0.00 0.00 8,454,774.65
A-7 79,810,000.00 79,026,791.88 473,175.49 457,696.84 930,872.33 0.00 0.00 0.00 78,553,616.39
A-8 15,000,000.00 14,852,798.88 88,931.61 86,641.33 175,572.94 0.00 0.00 0.00 14,763,867.27
A-9 46,000,000.00 45,548,583.21 272,723.63 261,904.35 534,627.98 0.00 0.00 0.00 45,275,859.58
A-10 CP1 31,500,000.00 31,126,594.13 287,021.04 182,868.74 469,889.78 0.00 0.00 0.00 30,839,573.09
A-10 CP2 8,500,000.00 8,416,586.03 50,394.58 49,447.44 99,842.02 0.00 0.00 0.00 8,366,191.45
A-11 CP1 31,500,000.00 31,126,594.13 287,021.04 180,274.86 467,295.90 0.00 0.00 0.00 30,839,573.09
A-11 CP2 8,500,000.00 8,416,586.04 50,394.58 48,746.06 99,140.64 0.00 0.00 0.00 8,366,191.46
A-12 19,409,000.00 12,116,606.26 2,973,045.53 0.00 2,973,045.53 0.00 0.00 0.00 9,214,240.93
A-13 1,350,000.00 1,365,795.94 0.00 0.00 0.00 0.00 0.00 0.00 1,373,763.08
A-14 9,265,280.00 8,907,631.92 165,001.92 N/A 165,001.92 0.00 0.00 0.00 8,742,630.00
A-15 87,450,000.00 87,450,000.00 0.00 491,906.25 491,906.25 0.00 0.00 0.00 87,450,000.00
A-P 403,517.00 402,792.81 355.21 N/A 355.21 0.00 0.00 0.00 402,437.60
A-R 100.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
M 11,825,000.00 11,806,982.97 9,136.20 66,414.28 75,550.48 0.00 0.00 0.00 11,797,846.77
B-1 4,675,000.00 4,667,876.98 3,611.99 26,256.81 29,868.80 0.00 0.00 0.00 4,664,264.99
B-2 2,475,000.00 2,471,228.99 1,912.23 13,900.66 15,812.89 0.00 0.00 0.00 2,469,316.76
B-3 1,925,000.00 1,922,067.00 1,487.29 10,811.63 12,298.92 0.00 0.00 0.00 1,920,579.71
B-4 1,100,000.00 1,098,323.99 849.88 6,178.07 7,027.95 0.00 0.00 0.00 1,097,474.11
B-5 1,375,121.80 1,373,026.63 1,062.44 7,723.27 8,785.71 0.00 0.00 0.00 1,371,964.19
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL 550,002,018.91 539,951,570.61 4,717,052.83 2,925,344.82 7,642,397.65 0.00 0.00 0.00 535,313,165.12
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING ENDING
NOTIONAL NOTIONAL INTEREST TOTAL NOTIONAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION BALANCE
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-5 5,505,525.93 5,505,525.93 30,968.58 30,968.58 5,505,525.93
A-X 523,531,639.82 513,529,551.93 190,959.54 190,959.54 508,914,380.73
- -------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000 PASS THRU RATES
PRINCIPAL INTEREST END. CERT. PASS-THRU
CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS RATE
- -------------------------------------------------------------- -------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 0.00000000 5.45833320 1000.00000000 A-1 6.55000000%
A-2 0.00000000 5.41666654 1000.00000000 A-2 6.50000000%
A-3 0.00000000 5.45833341 1000.00000000 A-3 6.55000000%
A-4 0.00000000 5.45833333 1000.00000000 A-4 6.55000000%
A-5 N/A 5.62499939 1000.00000000 A-5 6.75000000%
A-6 5.92877416 6.60124447 984.25781723 A-6 8.00000000%
A-7 5.92877446 5.73483072 984.25781719 A-7 6.95000000%
A-8 5.92877400 5.77608867 984.25781800 A-8 7.00000000%
A-9 5.92877457 5.69357283 984.25781696 A-9 6.90000000%
A-10 CP1 5.92877457 5.69357283 984.25781696 A-10 CP1 7.05000000%
A-10 CP2 5.92877412 5.81734588 984.25781765 A-10 CP2 7.05000000%
A-11 CP1 5.92877412 5.81734588 984.25781765 A-11 CP1 6.95000000%
A-11 CP2 5.92877412 5.73483059 984.25781882 A-11 CP2 6.95000000%
A-12 153.17870730 0.00000000 474.74063218 A-12 7.00000000%
A-13 0.00000000 0.00000000 1017.60228148 A-13 7.00000000%
A-14 17.80862748 N/A 943.59047973 A-14 N/A
A-15 0.88028509 5.62500000 997.32501976 A-15 6.75000000%
A-P 0.88028509 N/A 997.32501976 A-P N/A
A-R 0.00000000 0.00000000 0.00000000 A-R 6.75000000%
A-X N/A 0.36475263 972.07951157 A-X 0.44623000%
M 0.77261734 5.61642960 997.70374376 M 6.75000000%
B-1 0.77261818 5.61642995 997.70374118 B-1 6.75000000%
B-2 0.77261818 5.61642828 997.70374141 B-2 6.75000000%
B-3 0.77261818 5.61643117 997.70374545 B-3 6.75000000%
B-4 0.77261818 5.61642727 997.70373636 B-4 6.75000000%
B-5 0.77261520 5.61642612 997.70375977 B-5 6.75000000%
- -------------------------------------------------------------- -------------------------------------
(C) COPYRIGHT 1998, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MORTGAGE FINANCE CORPORATION
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S4
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 26-Oct-98 PAGE # 2
RECORD DATE: 30-Sep-98
<S> <C> <C>
SECTION 6.02 (iii) AGGREGATE PRINCIPAL PREPAYMENT AMOUNT 4,220,560.54
AGGREGATE REPURCHASE PROCEEDS AMOUNT 0.00
SECTION 6.02 (iv) AGGREGATE SERVICER ADVANCES 0.00
SECTION 6.02 (iv) NUMBER OF OUTSTANDING MORTGAGE LOANS 1,726
ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL 535,313,165.12
SECTION 6.02 (vi) SERVICING FEES 138,272.49
SECTION 6.02 (vii) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:
------------------------------------------------------------------
CATEGORY COUNT AGG. PRIN. BAL.
------------------------------------------------------------------
1 MONTH 13 3,407,062.54
2 MONTHS 2 393,809.67
3+ MONTHS 0 0.00
FORECLOSURE 0 0.00
------------------------------------------------------------------
SECTION 6.02 (viii) MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE
------------------------------------------------
COUNT AGG. PRIN. BAL.
------------------------------------------------
0 0.00
------------------------------------------------
SECTION 6.02 (ix) AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED 0.00
DUE PERIOD
-----------------------------------------------------------------
SECTION 6.02 (x) CLASS PERCENTAGE PRINCIPAL BALANCE
-----------------------------------------------------------------
CLASS A 95.68% 516,612,064.05
CLASS M 2.19% 11,806,982.97
CLASS B 2.14% 11,532,523.59
-----------------------------------------------------------------
NON-PO CLASS A PERCENTAGE 95.67425%
NON-PO CLASS A PREPAYMENT PERCENTAGE 100.00000%
CREDIT SUPPORT LEVEL
------------------------------------------------------------
------------------------------------------------------------
M 2.14%
B-1 1.27%
B-2 0.81%
B-3 0.46%
B-4 0.25%
------------------------------------------------------------
SECTION 6.02 (xi) CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES 0.00
CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES 0.00
(C) COPYRIGHT 1998, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MORTGAGE FINANCE TRUST
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S6
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 26-Oct-98 PAGE # 1
RECORD DATE: 30-Sep-98
- ------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING COMPENSATING ENDING
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL REALIZED LOSS INTEREST CERTIFICATE
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION PRINCIPAL INTEREST SHORTFALLS BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 76,508,000.00 76,508,000.00 515,385.91 430,357.50 945,743.41 0.00 0.00 0.00 75,992,614.09
A-2 75,000,000.00 75,000,000.00 494,159.78 421,875.00 916,034.78 0.00 0.00 0.00 74,505,840.22
A-3 155,000,000.00 155,000,000.00 874,319.57 871,875.00 1,746,194.57 0.00 0.00 0.00 154,125,680.43
A-4 150,000,000.00 150,000,000.00 762,293.94 843,750.00 1,606,043.94 0.00 0.00 0.00 149,237,706.06
A-5 12,605,000.00 12,605,000.00 0.00 70,903.13 70,903.13 0.00 0.00 0.00 12,605,000.00
A-6 7,242,000.00 7,242,000.00 0.00 37,718.75 37,718.75 0.00 0.00 0.00 7,242,000.00
A-7 17,324,112.00 17,324,112.00 0.00 90,229.75 90,229.75 0.00 0.00 0.00 17,324,112.00
A-8 7,018,888.00 7,018,888.00 0.00 33,677.26 33,677.26 0.00 0.00 0.00 7,018,888.00
A-10 12,836,000.00 12,836,000.00 109,266.66 72,202.50 181,469.16 0.00 0.00 0.00 12,726,733.34
A-11 17,127,529.00 17,127,529.00 26,732.32 84,938.87 111,671.19 0.00 0.00 0.00 17,100,796.68
A-12 4,440,471.00 4,440,471.00 6,930.60 32,337.14 39,267.74 0.00 0.00 0.00 4,433,540.40
A-13 5,736,656.00 5,736,656.00 225,830.43 31,342.46 257,172.89 0.00 0.00 0.00 5,510,825.57
A-14 1,062,344.00 1,062,344.00 41,820.46 6,901.92 48,722.38 0.00 0.00 0.00 1,020,523.54
A-15 26,373,750.00 26,373,750.00 0.01 137,166.39 137,166.40 0.00 0.00 0.00 26,373,749.99
A-16 8,791,250.00 8,791,250.00 0.00 54,043.29 54,043.29 0.00 0.00 0.00 8,791,250.00
A-17 67,500,000.00 67,500,000.00 0.00 379,687.50 379,687.50 0.00 0.00 0.00 67,500,000.00
A-P 1,786,904.00 1,786,904.00 1,884.64 N/A 1,884.64 0.00 0.00 0.00 1,785,019.36
A-R 100.01 100.01 100.01 0.56 100.57 0.00 0.00 0.00 0.00
M 14,513,400.00 14,513,400.00 11,305.51 81,637.88 92,943.39 0.00 0.00 0.00 14,502,094.49
B-1 5,737,800.00 5,737,800.00 4,469.58 32,275.13 36,744.71 0.00 0.00 0.00 5,733,330.42
B-2 3,037,700.00 3,037,700.00 2,366.28 17,087.06 19,453.34 0.00 0.00 0.00 3,035,333.72
B-3 2,362,700.00 2,362,700.00 1,840.47 13,290.19 15,130.66 0.00 0.00 0.00 2,360,859.53
B-4 1,350,000.00 1,350,000.00 1,051.61 7,593.75 8,645.36 0.00 0.00 0.00 1,348,948.39
B-5 1,687,709.89 1,687,709.89 1,314.68 9,493.37 10,808.05 0.00 0.00 0.00 1,686,395.21
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL 675,042,313.90 675,042,313.90 3,081,072.46 3,760,384.40 6,841,456.86 0.00 0.00 0.00 671,961,241.44
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING ENDING
NOTIONAL NOTIONAL INTEREST TOTAL NOTIONAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION BALANCE
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-9 7,018,888.00 7,018,888.00 14,382.63 14,382.63 7,018,888.00
A-X 586,060,663.88 586,060,663.88 168,141.26 168,141.26 583,086,862.62
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000 PASS THRU RATES
PRINCIPAL INTEREST END. CERT. PASS-THRU
CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS RATE
- -------------------------------------------------------------------------------- -------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 6.73636626 5.62500000 993.26363374 A-1 6.75000000%
A-2 6.58879707 5.62500000 993.41120293 A-2 6.75000000%
A-3 5.64077142 5.62500000 994.35922858 A-3 6.75000000%
A-4 5.08195960 5.62500000 994.91804040 A-4 6.75000000%
A-5 0.00000000 5.62500040 1000.00000000 A-5 6.75000000%
A-6 0.00000000 5.20833333 1000.00000000 A-6 6.25000000%
A-7 0.00000000 5.20833333 1000.00000000 A-7 6.25000000%
A-8 0.00000000 4.79809052 1000.00000000 A-8 5.95625000%
A-9 N/A 2.04913228 1000.00000000 A-9 2.54375000%
A-10 8.51251636 5.62500000 991.48748364 A-10 6.75000000%
A-11 1.56078089 4.95920165 998.43921911 A-11 6.15625000%
A-12 1.56078038 7.28236712 998.43921962 A-12 9.04018056%
A-13 39.36621439 5.46354183 960.63378561 A-13 6.55625000%
A-14 39.36621283 6.49687860 960.63378717 A-14 7.79625231%
A-15 0.00000038 5.20086791 999.99999962 A-15 6.45625000%
A-16 0.00000000 6.14739542 1000.00000000 A-16 7.63125000%
A-17 0.00000000 5.62500000 1000.00000000 A-17 6.75000000%
A-P 1.05469572 N/A 998.94530428 A-P N/A
A-R 1000.00000000 5.59944006 0.00000000 A-R 6.75000000%
A-X N/A 0.28690078 994.92577912 A-X 0.34428000%
M 0.77897047 5.62500034 999.22102953 M 6.75000000%
B-1 0.77897103 5.62500087 999.22102897 B-1 6.75000000%
B-2 0.77897093 5.62499918 999.22102907 B-2 6.75000000%
B-3 0.77896898 5.62500106 999.22103102 B-3 6.75000000%
B-4 0.77897037 5.62500000 999.22102963 B-4 6.75000000%
B-5 0.77897274 5.62500111 999.22102726 B-5 6.75000000%
- ---------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 26-Oct-98 PAGE # 2
RECORD DATE: 30-Sep-98
<S> <C>
SECTION 6.02 (iii) AGGREGATE PRINCIPAL PREPAYMENT AMOUNT 2,555,079.00
AGGREGATE REPURCHASE PROCEEDS AMOUNT 0.00
SECTION 6.02 (iv) AGGREGATE SERVICER ADVANCES 0.00
SECTION 6.02 (iv) NUMBER OF OUTSTANDING MORTGAGE LOANS 1,982
ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL 671,961,241.44
SECTION 6.02 (vi) SERVICING FEES 172,866.92
SECTION 6.02 (vii) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:
----------------------------------------------------------------------------
CATEGORY COUNT AGG. PRIN. BAL.
----------------------------------------------------------------------------
1 MONTH 0 0.00
2 MONTHS 0 0.00
3+ MONTHS 0 0.00
FORECLOSURE 0 0.00
----------------------------------------------------------------------------
SECTION 6.02 (viii) MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE
--------------------------------------------------
COUNT AGG. PRIN. BAL.
--------------------------------------------------
0 0.00
--------------------------------------------------
SECTION 6.02 (ix) AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED 0.00
DUE PERIOD
--------------------------------------------------------------------------------
SECTION 6.02 (x) CLASS PERCENTAGE PRINCIPAL BALANCE
-------------------- ------------------------------
--------------------------------------------------------------------------------
CLASS A 95.75% 646,353,004.01
CLASS M 2.15% 14,513,400.00
CLASS B 2.10% 14,175,909.89
--------------------------------------------------------------------------------
NON-PO CLASS A PERCENTAGE 95.73872%
NON-PO CLASS A PREPAYMENT PERCENTAGE 100.00000%
CREDIT SUPPORT LEVEL
---------------------------------------------------
---------------------------------------------------
M 2.10%
B-1 1.25%
B-2 0.80%
B-3 0.45%
B-4 0.25%
---------------------------------------------------
SECTION 6.02 (xi) CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES 0.00
CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MORTGAGE FINANCE CORPORATION
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-AS1
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 26-Oct-98 PAGE # 1
RECORD DATE: 30-Sep-98
- ------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING COMPENSATING ENDING
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL REALIZED LOSS INTEREST CERTIFICATE
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION PRINCIPAL INTEREST SHORTFALLS BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
IA-1 40,980,752.00 39,499,374.03 1,996,701.65 222,183.98 2,218,885.63 0.00 0.00 0.00 37,502,672.38
IA-2 14,725,947.00 14,725,947.00 0.00 82,833.45 82,833.45 0.00 0.00 0.00 14,725,947.00
IA-3 16,250,000.00 16,250,000.00 0.00 91,406.25 91,406.25 0.00 0.00 0.00 16,250,000.00
IA-4 12,240,000.00 12,240,000.00 0.00 68,850.00 68,850.00 0.00 0.00 0.00 12,240,000.00
IA-5 16,100,000.00 16,100,000.00 0.00 90,562.50 90,562.50 0.00 0.00 0.00 16,100,000.00
IA-6 9,034,036.00 9,034,036.00 0.00 50,816.45 50,816.45 0.00 0.00 0.00 9,034,036.00
IA-7 10,000,000.00 10,000,000.00 0.00 56,250.00 56,250.00 0.00 0.00 0.00 10,000,000.00
IA-8 5,599,985.00 5,599,985.00 0.00 31,499.92 31,499.92 0.00 0.00 0.00 5,599,985.00
IA-9 25,993,201.00 25,426,753.27 763,444.69 143,025.49 906,470.18 0.00 0.00 0.00 24,663,308.58
A-R 100.85 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A-P 3,123.00 3,111.11 5.96 N/A 5.96 0.00 0.00 0.00 3,105.15
IIA-1 12,262,215.00 11,836,103.17 35,995.15 66,578.08 102,573.23 0.00 0.00 0.00 11,800,108.02
M 5,512,562.00 5,502,700.37 5,025.57 30,952.69 35,978.26 0.00 0.00 0.00 5,497,674.80
B-1 2,537,528.00 2,532,988.52 2,313.36 14,248.06 16,561.42 0.00 0.00 0.00 2,530,675.16
B-2 1,662,518.00 1,659,543.86 1,515.65 9,334.93 10,850.58 0.00 0.00 0.00 1,658,028.21
B-3 875,009.00 873,443.67 797.71 4,913.12 5,710.83 0.00 0.00 0.00 872,645.96
B-4 437,504.00 436,721.33 398.85 2,456.56 2,855.41 0.00 0.00 0.00 436,322.48
B-5 787,514.84 786,106.03 717.95 4,421.85 5,139.80 0.00 0.00 0.00 785,388.08
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL 175,001,995.69 172,506,813.36 2,806,916.54 970,333.33 3,777,249.87 0.00 0.00 0.00 169,699,896.82
- ------------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING ENDING
NOTIONAL NOTIONAL INTEREST TOTAL NOTIONAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION BALANCE
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
IA-X 161,621,229.80 159,558,139.66 118,834.54 118,834.54 156,790,268.16
IIA-X 13,050,781.79 12,619,947.28 7,332.17 7,332.17 12,581,531.94
- -----------------------------------------------------------------------------------------------------------------
TOTAL 174,672,011.59 172,178,086.94 126,166.71 126,166.71 169,371,800.10
- ------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000 PASS THRU RATES
PRINCIPAL INTEREST END. CERT. PASS-THRU
CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS RATE
- -------------------------------------------------------------------------- ----------------------------------
<S> <C> <C> <C> <C> <C>
IA-1 48.72291387 5.42166674 915.12894590 IA-1 6.750000%
IA-2 0.00000000 5.62499987 1000.00000000 IA-2 6.750000%
IA-3 0.00000000 5.62500000 1000.00000000 IA-3 6.750000%
IA-4 0.00000000 5.62500000 1000.00000000 IA-4 6.750000%
IA-5 0.00000000 5.62500000 1000.00000000 IA-5 6.750000%
IA-6 0.00000000 5.62499972 1000.00000000 IA-6 6.750000%
IA-7 0.00000000 5.62500000 1000.00000000 IA-7 6.750000%
IA-8 0.00000000 5.62500078 1000.00000000 IA-8 6.750000%
IA-9 29.37093781 5.50241927 948.83691239 IA-9 6.750000%
IA-X N/A 0.73526566 970.10936220 IA-X N/A
A-P 1.90842139 N/A 994.28434198 A-P N/A
IIA-1 2.93545253 5.42953129 962.31455899 IIA-1 6.750000%
IIA-X N/A 0.56181845 964.04431110 IIA-X N/A
A-R 0.00000000 0.00000000 0.00000000 A-R 6.750000%
M 0.91165777 5.61493730 997.29940452 M 6.750000%
B-1 0.91165891 5.61493706 997.29940320 B-1 6.750000%
B-2 0.91165930 5.61493470 997.29940368 B-2 6.750000%
B-3 0.91165919 5.61493653 997.29941063 B-3 6.750000%
B-4 0.91164881 5.61494295 997.29940755 B-4 6.750000%
B-5 0.91166536 5.61494181 997.29940327 B-5 6.750000%
- -------------------------------------------------------------------------- ----------------------------------
(C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MORTGAGE FINANCE CORPORATION
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-AS1
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 26-Oct-98 PAGE # 2
RECORD DATE: 30-Sep-98
<S> <C>
SECTION 6.02 (iii) AGGREGATE PRINCIPAL PREPAYMENT AMOUNT 2,649,367.24
AGGREGATE REPURCHASE PROCEEDS AMOUNT 0.00
SECTION 6.02 (iv) AGGREGATE SERVICER ADVANCES 27,224.07
SECTION 6.02 (v) NUMBER OF OUTSTANDING MORTGAGE LOANS 1,454
ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL 169,699,896.97
SECTION 6.02 (vi) SERVICING FEES 45,124.28
SECTION 6.02 (vii) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:
-------------------------------------------------------------------------------------
CATEGORY COUNT AGG. PRIN. BAL.
-------------------------------------------------------------------------------------
1 MONTH 8 758,540.48
2 MONTHS 2 130,707.34
3+ MONTHS 0 0.00
FORECLOSURE 0 0.00
-------------------------------------------------------------------------------------
SECTION 6.02 (viii) MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE
-------------------------------------------------------------
COUNT AGG. PRIN. BAL.
-------------------------------------------------------------
0 0.00
-------------------------------------------------------------
SECTION 6.02 (ix) AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED 6,687.11
DUE PERIOD
-------------------------------------------------------------------------------------
SECTION 6.02 (x) CLASS PERCENTAGE PRINCIPAL BALANCE
-------------------------------------------------------------------------------------
CLASS A 93.16% 160,715,309.58
CLASS M 3.19% 5,502,700.37
CLASS B 3.65% 6,288,803.41
-------------------------------------------------------------------------------------
NON-PO CLASS A PERCENTAGE 93.16449%
NON-PO CLASS A PREPAYMENT PERCENTAGE 100.00000%
CREDIT SUPPORT LEVEL
-------------------------------------------------------------
CLASS CREDIT SUPPORT
-------------------------------------------------------------
M 3.65%
B-1 2.18%
B-2 1.22%
B-3 0.71%
B-4 0.46%
-------------------------------------------------------------
SECTION 6.02 (xi) CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES 0.00
CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES 0.00
(C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MORTGAGE FINANCE TRUST
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-AS2
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 26-Oct-98 PAGE # 1
RECORD DATE: 30-Sep-98
- ------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING COMPENSATING ENDING
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL REALIZED LOSS INTEREST CERTIFICATE
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION PRINCIPAL INTEREST SHORTFALLS BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
IA-1 22,617,491.00 22,617,491.00 166,772.52 127,223.39 293,995.91 0.00 0.00 0.00 22,450,718.48
IIA-1 158,553,358.00 158,553,358.00 1,093,857.20 924,894.59 2,018,751.79 0.00 0.00 0.00 157,459,500.80
IIA-2 5,872,347.00 5,872,347.00 40,513.23 N/A 40,513.23 0.00 0.00 0.00 5,831,833.77
IIIA-1 55,404,303.00 55,404,303.00 2,895,628.44 311,649.20 3,207,277.64 0.00 0.00 0.00 52,508,674.56
IIIA-2 1,000,000.00 1,000,000.00 0.00 5,625.00 5,625.00 0.00 0.00 0.00 1,000,000.00
IIIA-3 6,250,000.00 6,250,000.00 0.00 35,156.25 35,156.25 0.00 0.00 0.00 6,250,000.00
A-P 64,974.00 64,974.00 161.73 N/A 161.73 0.00 0.00 0.00 64,812.27
A-R 100.00 100.00 100.00 0.56 100.56 0.00 0.00 0.00 0.00
M 6,625,002.00 6,625,002.00 6,435.60 37,265.64 43,701.24 0.00 0.00 0.00 6,618,566.40
B-1 3,577,501.00 3,577,501.00 3,475.22 20,123.44 23,598.66 0.00 0.00 0.00 3,574,025.78
B-2 2,120,001.00 2,120,001.00 2,059.39 11,925.01 13,984.40 0.00 0.00 0.00 2,117,941.61
B-3 1,060,000.00 1,060,000.00 1,029.69 5,962.50 6,992.19 0.00 0.00 0.00 1,058,970.31
B-4 662,500.00 662,500.00 643.56 3,726.56 4,370.12 0.00 0.00 0.00 661,856.44
B-5 1,192,501.21 1,192,501.21 1,158.41 6,707.82 7,866.23 0.00 0.00 0.00 1,191,342.80
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL 265,000,078.21 265,000,078.21 4,211,834.99 1,490,259.96 5,702,094.95 0.00 0.00 0.00 260,788,243.22
- ------------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING ENDING
NOTIONAL NOTIONAL INTEREST TOTAL NOTIONAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION BALANCE
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-X 258,987,588.61 258,987,588.61 154,366.72 154,366.72 254,789,791.86
- --------------------------------------------------------------------------------------------------------------------------
TOTAL 258,987,588.61 258,987,588.61 154,366.72 154,366.72 254,789,791.86
- --------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000 PASS THRU RATES
PRINCIPAL INTEREST END. CERT. PASS-THRU
CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS RATE
- ------------------------------------------------------------------- ---------------------------------
<S> <C> <C> <C> <C> <C>
IA-1 7.37360833 5.62500014 992.62639167 IA-1 6.750000%
IIA-1 6.89898476 5.83333334 993.10101524 IIA-1 7.000000%
IIA-2 6.89898434 N/A 993.10101566 IIA-2 N/A
IIIA-1 52.26360198 5.62499992 947.73639802 IIIA-1 6.750000%
IIIA-2 0.00000000 5.62500000 1000.00000000 IIIA-2 6.750000%
IIIA-3 0.00000000 5.62500000 1000.00000000 IIIA-3 6.750000%
A-X N/A 0.59603906 983.79151382 A-X 0.715247%
A-P 2.48914951 N/A 997.51085049 A-P N/A
A-R 1000.00000000 5.60000000 0.00000000 A-R 6.750000%
M 0.97141103 5.62500057 999.02858897 M 6.750000%
B-1 0.97140993 5.62499913 999.02859007 B-1 6.750000%
B-2 0.97140992 5.62500206 999.02859008 B-2 6.750000%
B-3 0.97140566 5.62500000 999.02859434 B-3 6.750000%
B-4 0.97141132 5.62499623 999.02858868 B-4 6.750000%
B-5 0.97141201 5.62500058 999.02858799 B-5 6.750000%
- -------------------------------------------------------------------- ---------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MORTGAGE FINANCE TRUST
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-AS2
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 26-Oct-98 PAGE # 2
RECORD DATE: 30-Sep-98
<S> <C>
SECTION 6.02 (iii) AGGREGATE PRINCIPAL PREPAYMENT AMOUNT 3,954,337.77
AGGREGATE REPURCHASE PROCEEDS AMOUNT 0.00
SECTION 6.02 (iv) AGGREGATE SERVICER ADVANCES 0.00
SECTION 6.02 (v) NUMBER OF OUTSTANDING MORTGAGE LOANS 2,069
ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL 260,788,243.22
SECTION 6.02 (vi) SERVICING FEES 68,546.79
SECTION 6.02 (vii) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:
-------------------------------------------------------------------------------------
CATEGORY COUNT AGG. PRIN. BAL.
-------------------------------------------------------------------------------------
1 MONTH 0 0.00
2 MONTHS 0 0.00
3+ MONTHS 0 0.00
FORECLOSURE 0 0.00
-------------------------------------------------------------------------------------
SECTION 6.02 (viii) MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE
-------------------------------------------------------------
COUNT AGG. PRIN. BAL.
-------------------------------------------------------------
0 0.00
-------------------------------------------------------------
SECTION 6.02 (ix) AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED 0.00
DUE PERIOD
-------------------------------------------------------------------------------------
SECTION 6.02 (x) CLASS PERCENTAGE PRINCIPAL BALANCE
------------------------ -----------------------------------------
-------------------------------------------------------------------------------------
CLASS A 94.25% 249,762,573.00
CLASS M 2.50% 6,625,002.00
CLASS B 3.25% 8,612,503.21
-------------------------------------------------------------------------------------
NON-PO CLASS A PERCENTAGE 94.24859%
NON-PO CLASS A PREPAYMENT PERCENTAGE 100.00000%
CREDIT SUPPORT LEVEL
-------------------------------------------------------------
CLASS CREDIT SUPPORT
-------------------------------------------------------------
-----------------------------------------
M 3.25%
B-1 1.90%
B-2 1.10%
B-3 0.70%
B-4 0.45%
-------------------------------------------------------------
SECTION 6.02 (xi) CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES 0.00
CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES 0.00
(C) COPYRIGHT 1998, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
