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SUPPLEMENT
(To Prospectus Supplement dated June 22, 1999
to Prospectus dated June 14, 1999)
$183,896,415 (Approximate)
Chase Mortgage Finance Trust, Series 1999-S9
Issuer
Chase Mortgage Finance Corporation
Seller
Chase Manhattan Mortgage Corporation
Servicer
Multi-Class Mortgage Pass-Through Certificates, Series 1999-S9
The first paragraph under the heading "Description of the Certificates --
Principal (Including Prepayments) -- Allocation of the Non-PO Class A Optimal
Principal Amount" on pages S-36 and S-37 of the attached Prospectus Supplement
dated June 22, 1999 (the "Prospectus Supplement") is hereby deleted and
replaced in its entirety by the following:
Allocation of the Non-PO Class A Optimal Principal Amount
Except after the Credit Support Depletion Date, distributions in respect
of principal will be made on each Distribution Date to the Non-PO Class A
Certificates as described below. On each Distribution Date, the Non-PO Class A
Optimal Principal Amount (defined herein) will be distributed to the Non-PO
Class A Certificateholders as follows:
(A) 67.5676777026% sequentially as follows:
(1) to the Class A-3 Certificates, up to the Class A-3 Lockout Principal
Distribution Amount (defined herein) until the principal balance of such Class
has been reduced to zero;
(2) to the Class A-R Certificates until the principal balance of such
Class has been reduced to zero;
(3) sequentially (a) to the Class A-1 Certificates until $94,243,000 has
been distributed to such Class pursuant to this clause (A)(3)(a) and (b) to the
Class A-2 Certificates until $8,948,000 has been distributed to such Class
pursuant to this clause (A)(3)(b); and
(4) to the Class A-3 Certificates, until the principal balance of such
Class has been reduced to zero; and
(B) 32.4323222974% sequentially as follows:
(1) to the Class A-4 Certificates, up to the Class A-4 Lockout Principal
Distribution Amount (defined herein) until the principal balance of such Class
has been reduced to zero;
(2) sequentially (a) to the Class A-1 Certificates until $44,070,000 has
been distributed to such Class pursuant to this clause (B)(2)(a) and (b) to the
Class A-2 Certificates until $2,569,000 has been distributed to such Class
pursuant to this clause (B)(2)(b); and
(3) to the Class A-4 Certificates until the principal balance of such
Class has been reduced to zero.
All of the other portions of the Prospectus Supplement shall remain
unchanged. Capitalized terms used but not defined herein shall have the
meanings ascribed to such terms in the Prospectus Supplement.
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The date of this Supplement is June 24, 1999.
