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Previous: LABONE INC/, 10-Q, 1999-11-12 |
Next: CMA CALIFORNIA MUN MONEY FD OF CMA MULTI STAT MUN SERS TRUST, N-30D, 1999-11-12 |
<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 (Date of earliest event reported): November 12, 1999
-----------------
Chase Mortgage Finance Corporation
- --------------------------------------------------------------------------------
(Exact name of registrant specified in Charter)
Delaware 333-76801 52-1495132
- --------------------------------------------------------------------------------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
---------------------------
343 Thornall Street
Edison, NJ 08837
- --------------------------------------------------------------------------------
(Address of principal executive offices) Zip Code
Registrant's telephone, including area code: (732) 205-0600
Not Applicable
- --------------------------------------------------------------------------------
(Former name and former address, if changed since last report)
<PAGE>
ITEM 5. Other Events
------------
Filing of Collateral Term Sheets
--------------------------------
Attached as Exhibit 99.1 are Collateral Term Sheets prepared by Chase
Mortgage Finance Corporation in connection with the offering of Chase Mortgage
Finance Corporation Multi-Class Mortgage Pass-Through Certificates, Series
1999-S15.
<PAGE>
ITEM 7. Financial Statements and Exhibits
---------------------------------
(c) Exhibits
Item 601(a)
of Regulation S-K
Exhibit No. Description
- ----------- -----------
(99.1) Collateral Term Sheets
<PAGE>
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
Date: November 12, 1999 By: /s/ Eileen A. Lindblom
--------------------------
Name: Eileen A. Lindblom
Title: Vice President
<PAGE>
INDEX TO EXHIBITS
Exhibit No. Description
- ----------- -----------
(99.1) Collateral Term Sheets
<PAGE>
Current Page: 1
- -------
[LOGO] Chase Manhattan Mortgage Corporation - Pool Summary
11-03-1999 13:23:14
<TABLE>
<CAPTION>
Count Original Balance Current Balance Average Original Bal Gross WAC Gross Adjustments WA Gross Rate
- ----- ---------------- --------------- -------------------- --------- ----------------- -------------
496 145,658,950.00 146,657,241.95 295,683.37 8.212 .001 8.211
Sched. WAM Actual WAM WALTV WALA
- ---------- ---------- ----- ----
358.055 358.055 75.094 .017
STATE DISTRIBUTION LOAN AMORTIZATION DISTRIBUTION
------------------ ------------------------------
State Count Balance Percent Actual Months to Maturity Count Balance Percent
- ----- ----- ------- ------- ------------------------- ----- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
CA 99 35,226,100.00 24.02 1-24 Months (1 Mo-2 Years) 2 550,000.00 .38
CT 5 1,636,500.00 1.12 25-48 Months (2-4 Years) 0 .00 .00
FL 52 14,306,806.42 9.76 49-72 Months (4-6 Years) 0 .00 .00
IL 15 4,615,650.00 3.15 73-96 Months (6-8 Years) 0 .00 .00
NJ 24 7,172,900.00 4.89 97-120 Months (8-10 Years) 0 .00 .00
NY 58 19,169,640.50 13.07 121-144 Months (10-12 Years) 0 .00 .00
TX 39 11,968,120.76 8.16 145-168 Months (12-14 Years) 0 .00 .00
Other 204 52,561,524.27 35.84 169-192 Months (14-16 Years) 0 .00 .00
- -------------------------------------------------------- 193-216 Months (16-18 Years) 0 .00 .00
TOTAL: 496 146,657,241.95 100.00 217-240 Months (18-20 Years) 2 645,650.00 .44
241-264 Months (20-22 Years) 0 .00 .00
DOC TYPE DISTRIBUTION 265-288 Months (22-24 Years) 0 .00 .00
--------------------- 289-312 Months (24-26 Years) 1 118,590.50 .08
Doc Type Count Balance Percent 313-336 Months (26-28 Years) 0 .00 .00
- -------- ----- ------- ------- 337+ Months (28+ Years) 491 145,342.001.45 99.10
FULL 399 128,986,751.45 87.95 -------------------------------------------------------------------
NIV 97 17,670,490.50 12.05 TOTAL: 496 146,657,241.95 100.00
NO RATIO 0 .00 .00
NINA 0 .00 .00 LOAN 1st PAYMENT DISTRIBUTION
ALT 0 .00 .00 -----------------------------
Other 0 .00 .00 1st Payment Date Count Balance Percent
- -------------------------------------------------------- ---------------- ----- ------- -------
TOTAL: 496 146,657,241.95 100.00 0 Months Old 483 143,110,900.00 97.58
1 Month Old 9 2,521,638.17 1.72
PROPERTY TYPE DISTRIBUTION 2 Months Old 2 596,530.69 .41
-------------------------- 3 Months Old 2 428,173.09 .29
Property Type Count Balance Percent 4 Months Old 0 .00 .00
- ------------- ----- ------- ------- 5 Months Old 0 .00 .00
Single Family 385 112,631,064.44 76.80 6 Months Old 0 .00 .00
Multi Family 9 3,839,400.00 2.62 7 Months Old 0 .00 .00
COOP 5 377,500.00 .26 8 Months Old 0 .00 .00
PUD 67 20,098,571.09 13.70 9 Months Old 0 .00 .00
Condo -High Rise 0 .00 .00 10 Months Old 0 .00 .00
-Low Rise 0 .00 .00 11 Months Old 0 .00 .00
-Condotels 0 .00 .00 12 Months Old 0 .00 .00
-Unknown 16 5,902,156.42 4.02 1-2 Years (13-24 Months Old) 0 .00 .00
Manufac. House 0 0 0 2-3 Years (25-36 Months Old) 0 .00 .00
Other 14 3,808,550.00 2.60 3-4 Years (37-48 Months Old) 0 .00 .00
- -------------------------------------------------------- 4-6 Years (49-72 Months Old) 0 .00 .00
TOTAL: 496 145,657,241.95 100.00 6-8 Years (73-96 Months Old) 0 .00 .00
8-10 Years (97-120 Months Old) 0 .00 .00
OCCUPANCY DISTRIBUTION 10 + Years (121+ Months Old) 0 .00 .00
---------------------- -------------------------------------------------------------------
Occupancy Count Balance Percent TOTAL: 496 146,657,241.95 100.00
- --------- ----- ------- -------
None 2 550,000.00 .38
Primary 479 140,433,491.95 95.76
Vacation 15 5,673,750.00 3.87
Investor 0 .00 .00
Other 0 .00 .00
- --------------------------------------------------------
TOTAL: 496 146,657,241.95 100.00
PURPOSE DISTRIBUTION
--------------------
Purpose Count Balance Percent
- ------- ----- ------- -------
Cash Out Refi 87 23,374,424.27 15.94
Purchase 317 100,376,796.42 68.44
Rate Term Refi 92 22,906,021.26 15.62
Other 0 .00 .00
- --------------------------------------------------------
TOTAL: 496 146,657,241.95 100.00
</TABLE>
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT. THE INFORMATION CONTAINED
HEREIN SUPERSEDES THE INFORMATION IN ALL PRIOR COLLATERAL TERM SHEETS, IF ANY.
<PAGE>
Current Page: 2
- -------
[LOGO] Chase Manhattan Mortgage Corporation - Pool Summary
11-03-1999 13:23:14
Count Original Balance Current Balance Average Original Bal
----- ---------------- --------------- --------------------
496 146,658,950.00 146,657,241.95 295,683.37
<TABLE>
<CAPTION>
LTV DISTRIBUTION ORIGINAL BALANCE DISTRIBUTION
---------------- -----------------------------
LTV Count Balance Percent Count Balance Percent
- --- ----- ------- ------- ----- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
0-50.00 31 7,714,400.00 5.26 0-50,000.00 6 282,700.00 .19
50.01-60.00 23 6,767,492.59 4.61 50,000.01-100,000.00 48 3,612,320.00 2.46
60.01-70.00 54 17,905,100.00 12.21 100,000.01-150,000.00 41 5,113,550.50 3.49
70.01-75.00 83 23,722,740.50 16.18 150,000.01-200,000.00 34 5,842,157.00 3.98
75.01-80.00 230 70,336,417.44 47.96 200,000.01-225,000.00 7 1,513.450.00 1.03
80.01-85.00 8 2,832,950.00 1.93 225,000.01-240,000.00 8 1,894,300.00 1.29
85.01-90.00 39 12,296,791.42 8.38 240,000.01-350,000.00 215 63,289,576.28 43.15
90.01-95.00 28 5,081,350.00 3.46 350,000.01-400,000.00 58 21,851,100.00 14.90
95.01-100.00 0 .00 .00 400,000.01-500,000.00 41 18,649,250.00 12.72
100.00+ 0 .00 .00 500,000.01-650,000.00 28 16,116,338.17 10.99
- --------------------------------------------------------- 650,000.01-1,000,000.00 10 8,492,500.00 5.79
TOTAL: 496 146,657,241.95 100.00 1,000,000.00+ 0 .00 .00
-----------------------------------------------------------------
TOTAL: 496 146,657,241.95 100.00
NOTE RATE DISTRIBUTION
----------------------
Note Gross WA Gross Note Gross WA Gross
- ---- ----- -------- ---- ----- --------
Rate Adjmts Rate Cnt Balance Percent Rate Adjmts Rate Cnt Balance Percent
- ---- ------ ---- --- ------- ------- ---- ------ ---- --- ------- -------
<5.750 .0000 .0000 0 .00 .00 9.375 .0000 .0000 0 .00 .00
5.750 .0000 .0000 0 .00 .00 9.500 .0000 .0000 0 .00 .00
5.875 .0000 .0000 0 .00 .00 9.625 .0000 .0000 0 .00 .00
6.000 .0000 .0000 0 .00 .00 9.750 .0000 .0000 0 .00 .00
6.125 .0000 .0000 0 .00 .00 9.875 .0000 .0000 0 .00 .00
6.250 .0000 .0000 0 .00 .00 10.000 .0000 .0000 0 .00 .00
6.375 .0000 .0000 0 .00 .00 10.125 .0000 .0000 0 .00 .00
6.500 .0000 .0000 0 .00 .00 10.250 .0000 .0000 0 .00 .00
6.625 .0000 .0000 0 .00 .00 10.375 .0000 .0000 0 .00 .00
6.750 .0000 .0000 0 .00 .00 10.500 .0000 .0000 0 .00 .00
6.875 .0000 6.8750 1 400,000.00 .27 10.625 .0000 .0000 0 .00 .00
7.000 .0000 .0000 0 .00 .00 10.750 .0000 .0000 0 .00 .00
7.125 .0000 .0000 0 .00 .00 10.875 .0000 .0000 0 .00 .00
7.250 .0000 7.2500 1 93,800.00 .06 11.000 .0000 .0000 0 .00 .00
7.375 .0000 7.3750 3 1,018,300.00 .69 11.125 .0000 .0000 0 .00 .00
7.500 .0000 7.5000 5 1,369,340.50 .93 11.250 .0000 .0000 0 .00 .00
7.625 .0000 7.6250 3 1,757,500.00 1.20 11.375 .0000 .0000 0 .00 .00
7.750 .0000 7.7500 12 3,500,000.00 2.39 11.500 .0000 .0000 0 .00 .00
7.875 .0000 7.8750 53 14,993,212.27 10.22 11.625 .0000 .0000 0 .00 .00
8.000 .0000 8.0000 55 19,382,552.59 13.22 11.750 .0000 .0000 0 .00 .00
8.125 .0000 8.1250 76 27,436,637.00 18.71 11.875 .0000 .0000 0 .00 .00
8.250 .0000 8.2500 97 27,768,950.00 18.93 12.000 .0000 .0000 0 .00 .00
8.375 .0000 8.3750 51 17,272,038.17 11.78 12.125 .0000 .0000 0 .00 .00
8.500 .0000 8.5000 79 18,444,405.00 12.58 12.250 .0000 .0000 0 .00 .00
8.625 .0227 8.6023 24 5,547,106.42 3.78 12.375 .0000 .0000 0 .00 .00
8.750 .0000 8.7500 17 3,586,900.00 2.45 12.500 .0000 .0000 0 .00 .00
8.875 .0000 8.8750 8 1,586,800.00 1.08 12.625 .0000 .0000 0 .00 .00
9.000 .0000 9.0000 5 1,233,750.00 .84 12.750 .0000 .0000 0 .00 .00
9.125 .0000 9.1250 4 618,150.00 .42 12.875 .0000 .0000 0 .00 .00
9.250 .0000 9.2500 2 647,800.00 .44 >12.875 .0000 .0000 0 .00 .00
Other: WAC 0 .0000 .0000 0 .00 .00
---------------------------------------------------------------------
TOTAL: 496 146,657,241.95 100.00
</TABLE>
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT. THE INFORMATION CONTAINED
HEREIN SUPERSEDES THE INFORMATION IN ALL PRIOR COLLATERAL TERM SHEETS, IF ANY.
<PAGE>
Current Page: 3
- -------
[LOGO] Chase Manhattan Mortgage Corporation - Pool Summary
11-03-1999 13:23:14
<TABLE>
<CAPTION>
Count Original Balance Current Balance Average Original Bal
- ----- ---------------- --------------- --------------------
496 146,658,950.00 146,657,241.95 295,683.37
FICO CREDIT SCORES UNINSURED LOANS (NO MI) BY LTV
------------------ ------------------------------
FICOScore Count Balance Percent LTV Count Balance Percent
- --------- ----- ------- ------- --- ----- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
0-1/Unknown 149 42,999,835.00 29.32 <80.01 421 126,446,150.53 86.22
2-500 0 .00 .00 80.01-85.00 7 2,543,200.00 1.73
500.01-600 13 2,728,350.00 1.86 85.01-90.00 24 7,658,185.00 5.22
600.01-700 147 40,757,951.92 27.79 90.01-95.00 19 3,195,800.00 2.18
700.01-800 186 59,669,716.86 40.69 95.01-100.00 0 .00 .00
800.01+ 1 501,388.17 .34 100.01+ 0 .00 .00
- ---------- ---- -------------- ----- ----------------------------------------------------------
TOTAL 496 146,657,241.95 100.00 AGG UNINSURED 471 139,843,335.53 95.35
Max Score: 999 Min Score: 535 AGG INSURED 25 6,813,906.42 4.65
Wtd Avg. Score (FICO>1): 710 ----------------------------------------------------------
TOTAL 496 146,657,241.95 100.00
INTL/DOMESTIC BORROWERS DISTRIBUTION
------------------------------------
Int'l/Domes Count Balance Percent
----------- ----- ------- -------
International 0 .00 .00
Domestic 496 146,657,241.95 100.00
----------------------------------------------------------
TOTAL 496 146,657,241.95 100.00
FULL STATE DISTRIBUTION
-----------------------
State Count Balance Percent State Count Balance Percent
- ----- ----- ------- ------- ----- ----- ------- -------
AL 0 .00 .00 NC 9 1,608,650.00 1.10
AR 0 .00 .00 ND 0 .00 .00
AZ 8 2,566,550.00 1.75 NE 0 .00 .00
CA 99 35,226,100.00 24.02 NH 1 268,100.00 .18
CO 11 2,721,110.00 1.86 NJ 24 7,172,900.00 4.89
CT 5 1,636,500.00 1.12 NM 2 477,000.00 .33
DC 2 719,600.00 .49 NV 5 1,701,300.00 1.16
DE 3 814,920.00 .56 NY 58 19,169,640.50 13.07
FL 52 14,306,806.42 9.76 OH 7 1,048,300.00 .71
GA 26 7,160,059.27 4.88 OK 2 317,000.00 .22
HI 0 .00 .00 OR 4 1,083,000.00 .74
IA 0 .00 .00 PA 19 5,170,340.00 3.53
ID 0 .00 .00 RI 0 .00 .00
IL 15 4,615,650.00 3.15 SC 3 706,250.00 .48
IN 1 224,000.00 .15 SD 0 .00 .00
KS 2 393,900.00 .27 TN 3 605,600.00 .41
KY 1 170,100.00 .12 TX 39 11,968,120.76 8.16
LA 4 1,397,500.00 .95 UT 1 219,200.00 .15
MA 8 2,909,800.00 1.98 VA 13 3,190,150.00 2.18
MD 10 2,539,595.00 1.73 VT 0 .00 .00
ME 0 .00 .00 WA 23 7,407,700.00 5.05
MI 24 3,831,000.00 2.61 WI 3 738,650.00 .50
MN 4 852,500.00 .59 WV 0 .00 .00
MO 2 809,650.00 .55 WY 0 .00 .00
MS 1 350,000.00 .24 UNKNOWN 2 550,000.00 .38
MT 0 .00 .00 --------------------------------------------------
TOTAL: 496 146,657,241.95 100.00
</TABLE>
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT. THE INFORMATION CONTAINED
HEREIN SUPERSEDES THE INFORMATION IN ALL PRIOR COLLATERAL TERM SHEETS, IF ANY.
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