CHASE MORTGAGE FINANCE CORP
8-K, 1999-04-16
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): April 16, 1999
                                                         ----------------------


                       Chase Mortgage Finance Corporation
- -------------------------------------------------------------------------------
                 (Exact name of registrant specified in Charter)


    Delaware                       333-56081                     52-1495132
- -------------------------------------------------------------------------------
 (State or other                  (Commission                  (IRS Employee
 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


- -------------------------------------------------------------------------------
         (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-S7.
<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

April 16, 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>

                             Chase Mortgage 1999-S7
                           15 Yr Fixed Rate Collateral

Principal Balance               $125,000,000                    +/-5%

Gross WAC                        6.911%                         +/-5 bps

WAM                              178                            +/-2 months

Wtd. Ave. LTV                    68% Max

Property Type                    Single Family & PUDS           90% Min
                                 Condos                          6% Max
                                 Coops                           3% Max

Owner Occupied                   90% Min

Full Documentation               85% Min

Cash Out Refi                    35% Max

Geographics                      26% California Max

Expected Subordination           2.50%                          +/-0.50%

Delivery Variance                +/-5%


The analyses in this report are based on information provided by Chase Mortgage
Finance Corporation ("CMFC"). Chase Securities Inc. ("CSI") makes no
representations as to the accuracy or completenesss of the information contained
herein. The information contained herein is qualified in its entirety by the
information in the final Prospectus and Prospectus Supplement for the securities
referred to herein (the "Securities"). The information contained herein is
preliminary as of the date hereof, supersedes any previous information delivered
to you by CSI and will be superseded by the applicable final Prospectus and
Prospectus Supplement and any other information subsequently filed with the
Securities Exchange Commission. These materials are subject to change,
completion, or amendment from time to time without notice, and CSI is under no
obligation to keep you advised of such changes. These materials are not intended
as an offer or solicitation with respect to the purchase or sale of any
Security. Any investment decision with respect to the Securities should be made
by you based upon the information contained in the final Prospectus and
Prospectus Supplement relating to the Securities. You should consult your own
counsel, accountant, and other advisors as to the legal, tax business, financial
and related aspects of a purchase of the Securities.

THIS INFORMATION IS FURNISHED TO YOU SOLELY BY CHASE SECURITIES INC. ("CSI")
AND NOT BY CMFC OR ANY OF ITS AFFILIATES (OTHER THAN CSI).  CSI IS NOT ACTING
AS AGENT FOR CMFC.  THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED IN
ITS ENTIRETY BY THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT.


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