CHASE MORTGAGE FINANCE CORP
8-K, 1999-10-26
ASSET-BACKED SECURITIES
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<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): October 26, 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-S14.


<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: October 26, 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
                                                             09-28-1999 10:41:25

<TABLE>
<CAPTION>
Count    Original Balance  Current Balance    Average Original Bal   Gross WAC     Gross Adjustments    WA Gross Rate
- -----    ----------------  ---------------    --------------------   ---------     -----------------    -------------
 845      234,415,600.00    234,368,159.43          277,414.91         8.135            .000                    8.135


Sched. WAM    Actual WAM      WALTV     WALA
- ----------    ----------      -----     ----
   358.591       358.456     74.411     .138


                     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                    131       44,667,311.28      19.07          1-24  Months (1 Mo-2 Years)          1       389,000.00       .17
CT                      7        1,716,000.00        .73         25-48  Months (2-4 Years)             0              .00       .00
FL                     81       21,342,775.18       9.11         49-72  Months (4-6 Years)             0              .00       .00
IL                     17        3,406,651.32       1.45         73-96  Months (6-8 Years)             0              .00       .00
NJ                     37       11,285,529.08       4.81         97-120 Months (8-10 Years)            0              .00       .00
NY                    153       51,502,820.12      21.98        121-144 Months (10-12 Years)           0              .00       .00
TX                     39       10,768,773.13       4.59        145-168 Months (12-14 Years)           0              .00       .00
Other                 380       89,678,399.32      38.26        169-192 Months (14-16 Years)           0              .00       .00
- --------------------------------------------------------        193-216 Months (16-18 Years)           0              .00       .00
TOTAL:                845      234,368,159.43     100.00        217-240 Months (18-20 Years)           5     1,210,741.22       .52
                                                                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)           2       256,356.88       .11
Doc Type            Count             Balance    Percent        313-336 Months (26-28 Years)           0              .00       .00
- --------            -----             -------    -------        337+ Months (28+ Years)              837   232,510,061.33     99.21
FULL                  598      182,264,561.69      77.77        -------------------------------------------------------------------
NIV                   247       52,103,497.74      22.23        TOTAL:                               845   234,368,159.43    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:                845      234,368,159.43     100.00          0 Months Old                       762   206,613,259.65     88.16
                                                                  1 Month Old                         42    14,514,614.23      8.19
                     PROPERTY TYPE DISTRIBUTION                   2 Months Old                        26     8,360,566.57      3.57
                     --------------------------                   3 Months Old                        12     3,852,000.25      1.64
Property Type       Count             Balance    Percent          4 Months Old                         3     1,027,718.73       .44
- -------------       -----             -------    -------          5 Months Old                         0              .00       .00
Single Family         597      182,288,224.59      69.24          6 Months Old                         0              .00       .00
Multi Family           11        3,925,879.14       1.68          7 Months Old                         0              .00       .00
COOP                   35        9,390,218.58       4.01          8 Months Old                         0              .00       .00
PUD                   130       38,067,584.92      16.24          9 Months Old                         0              .00       .00
Condo -High Rise        0                 .00        .00         10 Months Old                         1              .00       .00
      -Low Rise         0                 .00        .00         11 Months Old                         1              .00       .00
      -Condotels        0                 .00        .00         12 Months Old                         0              .00       .00
      -Unknown         39       10,273,856.13       4.38        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                  33       10,442,395.97       4.46        3-4 Years (37-48 Months Old)           0              .00       .00
- --------------------------------------------------------        4-6 Years (49-72 Months Old)           0              .00       .00
TOTAL:                845      234,368,159.43     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:                               845   234,368,159.43    100.00
- ---------           -----             -------    -------
None                    1          389,000.00        .17
Primary               810      223,540,355.20      95.38
Vacation               34       10,438,804.23       4.45
Investor                0                 .00        .00
Other                   0                 .00        .00
- --------------------------------------------------------
TOTAL:                845     234,368,159.43     100.00

                     PURPOSE DISTRIBUTION
                     --------------------
Purpose             Count             Balance    Percent
- -------             -----             -------    -------
Cash Out Refi         172       46,101,540.14      19.67
Purchase              528      156,806,396.50      66.91
Rate Term Refi        145       31,460,222.79      13.42
Other                   0                 .00        .00
- --------------------------------------------------------
TOTAL:                845      234,368,159.43     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
                                                             09-28-1999 10:41:25

<TABLE>
<CAPTION>
             Count    Original Balance  Current Balance    Average Original Bal
             -----    ----------------  ---------------    --------------------
               845      234,415,600.00   234,368,159.43              277,414.91


                           LTV DISTRIBUTION                                                      ORIGINAL BALANCE DISTRIBUTION
                           ----------------                                                      -----------------------------
LTV             Count              Balance        Percent                                  Count              Balance       Percent
- ---             -----              -------        -------                                  -----              -------       -------
<S>                <C>       <C>                     <C>          <C>                          <C>         <C>                  <C>
0-50.00            41         9,813,432.50           4.19         0-50,000.00                 18           724,750.00           .31
50.01-60.00        52        17,217,473.28           7.35         50,000.01-100,000.00        88         8,862,070.38          2.83
60.01-70.00       139        36,288,769.93          15.48         100,000.01-150,000.00      112        13,922,165.96          5.94
70.01-75.00       158        43,404,319.42          18.52         150,000.01-200,000.00       73        12,908,214.24          5.51
75.01-80.00       339        99,160,367.85          42.31         200,000.01-225,000.00       33         7,001,898.99          2.99
80.01-85.00        12         3,010,236.05           1.28         225,000.01-240,000.00       13         3,046,835.98          1.30
85.01-90.00        44        13,163,220.24           5.62         240,000.01-350,000.00      300        88,160,387.67         37.52
90.01-95.00        60        12,313,320.16           5.25         350,000.01-400,000.00       78        29,462,746.92         12.57
95.01-100.00        0                  .00            .00         400,000.01-500,000.00       65        31,201,795.15         13.31
100.00+             0                  .00            .00         500,000.01-650,000.00       42        24,677,141.10         10.53
- ---------------------------------------------------------         650,000.01-1,000,000.00     19        15,322,150.06          6.54
TOTAL:            845       234,368,159.43         100.00         1,000,000.00+                1         1,080,000.00           .45
                                                                  -----------------------------------------------------------------
                                                                  TOTAL:                     845       234,368,159.43        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        9.3750     4       573,106.88           .24
 5.750   .0000      .0000     0              .00       .00  9.500       .0000        9.5000     1        80,700.00           .03
 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       .03  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     6.7500     3     2,068,604.42       .88  10.500      .0000         .0000     0              .00           .00
 6.875   .0000     6.8750     4     1,176,723.72       .50  10.625      .0000         .0000     0              .00           .00
 7.000   .0000     7.0000     3     1,167,539.62       .51  10.750      .0000         .0000     0              .00           .00
 7.125   .0000     7.1250     4     1,384,251.43       .58  10.875      .0000         .0000     0              .00           .00
 7.250   .0000     7.2500    17     5,740,183.38      2.45  11.000      .0000         .0000     0              .00           .00
 7.375   .0000     7.3750    12     3,785,258.77      1.52  11.125      .0000         .0000     0              .00           .00
 7.500   .0000     7.5000    29     8,595,710.92      3.67  11.250      .0000         .0000     0              .00           .00
 7.625   .0000     7.6250    31     8,819,735.95      3.76  11.375      .0000         .0000     0              .00           .00
 7.750   .0000     7.7500    40    13,289,477.19      5.67  11.500      .0000         .0000     0              .00           .00
 7.875   .0000     7.8750    69    19,074,977.29      8.14  11.625      .0000         .0000     0              .00           .00
 8.000   .0000     8.0000    95    30,093,205.38     12.84  11.750      .0000         .0000     0              .00           .00
 8.125   .0000     8.1250    82    23,767,795.40     10.14  11.875      .0000         .0000     0              .00           .00
 8.250   .0000     8.2500   119    33,093,610.50     14.12  12.000      .0000         .0000     0              .00           .00
 8.375   .0000     8.3750    96    26,432,106.92     11.28  12.125      .0000         .0000     0              .00           .00
 8.500   .0000     8.5000   110    25,587,705.45     11.34  12.250      .0000         .0000     0              .00           .00
 8.625   .0000     8.6250    38     9,814,958.51      4.18  12.375      .0000         .0000     0              .00           .00
 8.750   .0000     8.7500    34     8,668,623.22      3.70  12.500      .0000         .0000     0              .00           .00
 8.875   .0000     8.8750    23     4,448,683.48      1.90  12.625      .0000         .0000     0              .00           .00
 9.000   .0000     9.0000    20     3,368,250.00      1.44  12.750      .0000         .0000     0              .00           .00
 9.125   .0000     9.1250     7     1,570,250.00       .67  12.875      .0000         .0000     0              .00           .00
 9.250   .0000     9.2500     4       768,700.00       .33 >12.875      .0000         .0000     0              .00           .00
                                                Other: WAC 0            .0000         .0000     0              .00           .00
                                                           ---------------------------------------------------------------------
                                                           TOTAL:                             845   234,368,159.43        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

<TABLE>
<CAPTION>
Count    Original Balance  Current Balance    Average Original Bal     WALTV     WALA    WA Gross Rate    Sched. WAM    Actual WAM
- -----    ----------------  ---------------    --------------------     -----     ----    -------------    ----------    ----------
 845      234,415,600.00   234,368,159.43           277,414.91         74.209     .047            7.759       356.245       356.069

                        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         179          48,491,001.39       20.69              <80.01                 729       205,881,382.98      87.88
  2-500               2             555,745.39         .24               80.01-85.00             5         1,346,450.00        .57
500.01-600            7           1,122,000.00         .48               85.01-90.00            20         6,267,750.00       2.67
600.01-700          288          73,247,230.92       31.25               90.01-95.00            32         5,588,187.00       2.38
700.01-800          362         108,825,041.32       46.43               95.01-100.00            0                  .00        .00
800.01+               9           2,127,140.41         .91               100.01+                 0                  .00        .00
- ----------         ----         --------------       -----              ----------------------------------------------------------
TOTAL               845         234,368,159.43      100.00              AGG UNINSURED          786       219,083,769.98      93.48
Max Score: 999                   Min Score: 5                           AGG INSURED             59        15,284,389.45       6.52
Wtd Avg. Score (FICO>1): 710                                            ----------------------------------------------------------
                                                                        TOTAL                  845       234,365,159.43     100.00

                                                                                       INTL/DOMESTIC BORROWERS DISTRIBUTION
                                                                                       ------------------------------------
                                                                        Int'l/Domes         Count               Balance    Percent
                                                                        -----------         -----               -------    -------
                                                                        International           0                   .00        .00
                                                                        Domestic              845        234,368,159.43     100.00
                                                                        ----------------------------------------------------------
                                                                        TOTAL                 845        234,368,159.43     100.00


                                                       FULL STATE DISTRIBUTION
                                                       -----------------------

State      Count               Balance       Percent                State       Count             Balance      Percent
- -----      -----               -------       -------                -----       -----             -------      -------
AL             4            555,950.00           .24                NC             29        5,675,841.17         2.51
AR             1            251,750.00           .11                ND              0                 .00          .00
AZ            13          4,127,199.40          1.75                NE              0                 .00          .00
CA           131         44,687,311.28         19.07                NH              2          508,850.00          .22
CO            11          3,345,515.49          1.43                NJ             37       11,265,529.08         4.81
CT             7          1,716,000.00           .73                NM              3          736,450.00          .31
DC             4          1,506,536.72           .64                NV              8        2,571,900.00         1.10
DE             6          1,393,480.00           .59                NY            153       51,502,820.12        21.96
FL            81         21,342,775.18          9.11                OH             18        2,081,461.78          .89
GA            37          9,904,796.96          4.23                OK              6        1,717,600.00          .73
HI             0                   .00           .00                OR              2          431,200.00          .18
IA             2            429,750.00           .18                PA             38        8,482,826.28         3.61
ID             2            342,916.74           .15                RI              0                 .00          .00
IL            17          3,408,551.32          1.45                SC             14        2,928,192.56         1.25
IN             5          1,239,827.67           .53                SD              0                 .00          .00
KS             4            777,150.00           .33                TN             10        2,089,350.00          .89
KY             3            577,750.00           .25                TX             39       10,768,773.13         4.59
LA             7          2,328,700.00           .99                UT              4          778,450.00          .33
MA            12          3,585,731.16          1.53                VA             27        6,959,666.89         2.97
MD            23          6,899,969.16          2.94                VT              0                 .00          .00
ME             0                   .00           .00                WA             31        6,657,654.05         3.69
MI            34          5,369,931.17          2.29                WI              1          190,000.00          .08
MN             4            659,000.00           .28                WV              1          200,000.00          .09
MO             8          1,182,171.92           .50                WY              0                 .00          .00
MS             1            121,000.00           .05                UNKNOWN         2          505,000.00          .22
MT             3            384,400.00           .16                --------------------------------------------------
                                                                    TOTAL:        845      234,368,159.43       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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