|
|
|
|
|
|
|
|
|
|
|
|
|
<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): March 11, 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-S5.
<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
March 11, 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
03-03-1999 10:54:26
Gross WAC Gross Adjustments
--------- -----------------
7.145 .000
STATE DISTRIBUTION
------------------
State Count Balance Percent
- ----- ----- ------- -------
CA 663 253,554,592.70 47.16
CT 15 5,101,425.00 .95
FL 114 33,876,283.67 6.30
IL 30 9,914,783.84 1.84
NJ 40 11,402,198.00 2.12
NY 121 40,579,534.33 7.55
TX 69 21,518,041.82 4.00
Other 559 161,680,640.27 30.07
- -----------------------------------------------------------------------------
TOTAL: 1611 537,627,499.63 100.00
DOC TYPE DISTRIBUTION
---------------------
Doc Type Count Balance Percent
- -------- ----- ------- -------
FULL 1338 469,987,865.51 87.42
NIV 273 67,639,634.12 12.58
NO RATIO 0 .00 .00
NINA 0 .00 .00
ALT 0 .00 .00
Other 0 .00 .00
- -----------------------------------------------------------------------------
TOTAL: 1611 537,627,499.63 100.00
PROPERTY TYPE DISTRIBUTION
--------------------------
Property Type Count Balance Percent
- ------------- ----- ------- -------
Single Family 1210 404,919,841.64 75.32
Multi Family 15 6,331,450.00 1.18
COOP 18 5,888,050.00 1.10
PUD 303 101,259,513.18 18.83
Condo -High Rise 0 .00 .00
-Low Rise 0 .00 .00
-Condotels 0 .00 .00
-Unknown 46 13,270,944.81 2.47
Manufac. House 0 0 0
Other 19 5,957,700.00 1.11
- -----------------------------------------------------------------------------
TOTAL: 1611 537,627,499.63 100.00
OCCUPANCY DISTRIBUTION
----------------------
Occupancy Count Balance Percent
- --------- ----- ------- -------
None 0 .00 .00
Primary 1579 527,323,249.63 98.08
Vacation 32 10,304,250.00 1.92
Investor 0 .00 .00
Other 0 .00 .00
- -----------------------------------------------------------------------------
TOTAL: 1611 537,627,499.63 100.00
PURPOSE DISTRIBUTION
--------------------
Purpose Count Balance Percent
- ------- ----- ------- -------
Cash Out Refi 478 160,570,567.18 29.87
Purchase 562 187,706,350.25 34.91
Rate Term Refi 571 189,350,582.20 35.22
Other 0 .00 .00
- -----------------------------------------------------------------------------
TOTAL: 1611 537,627,499.63 100.00
<PAGE>
Count Original Balance Current Balance Average Original Bal
----- ---------------- --------------- --------------------
1,500 500,000,000 537,627,499.63 333,739.12
WA Gross Rate Sched. WAM Actual WAM WALTV WALA
- ------------- ---------- ---------- ----- ----
7.145 359.077 359.118 72.828 .049
LOAN AMORTIZATION DISTRIBUTION
------------------------------
Actual Months to Maturity Count Balance Percent
- ------------------------- ----- ------- -------
1-24 Months (1 Mo-2 Years) 0 .00 .00
25-48 Months (2-4 Years) 0 .00 .00
49-72 Months (4-6 Years) 0 .00 .00
73-96 Months (6-8 Years) 0 .00 .00
97-120 Months (8-10 Years) 0 .00 .00
121-144 Months (10-12 Years) 0 .00 .00
145-168 Months (12-14 Years) 0 .00 .00
169-192 Months (14-16 Years) 0 .00 .00
193-216 Months (16-18 Years) 0 .00 .00
217-240 Months (18-20 Years) 9 2,679,300.00 .50
241-264 Months (20-22 Years) 3 798,700.00 .15
265-288 Months (22-24 Years) 0 .00 .00
289-312 Months (24-26 Years) 3 647,500.00 .12
313-336 Months (26-28 Years) 0 .00 .00
337+ Months (28+ Years) 1596 533,501,999.63 99.23
- --------------------------------------------------------------------------------
TOTAL: 1611 537,627,499.63 100.00
LOAN 1st PAYMENT DISTRIBUTION
-----------------------------
1st Payment Date Count Balance Percent
- ---------------- ----- ------- -------
0 Months Old 1463 492,792,352.12 91.66
1 Month Old 135 40,687,512.57 7.57
2 Months Old 0 .00 .00
3 Months Old 9 2,828,762.78 .53
4 Months Old 3 1,049,486.50 .20
5 Months Old 0 .00 .00
6 Months Old 0 .00 .00
7 Months Old 1 269,385.66 .05
8 Months Old 0 .00 .00
9 Months Old 0 .00 .00
10 Months Old 0 .00 .00
11 Months Old 0 .00 .00
12 Months Old 0 .00 .00
1-2 Years (13-24 Months Old) 0 .00 .00
2-3 Years (25-36 Months Old) 0 .00 .00
3-4 Years (37-48 Months Old) 0 .00 .00
4-6 Years (49-72 Months Old) 0 .00 .00
6-8 Years (73-96 Months Old) 0 .00 .00
8-10 Years (97-120 Months Old) 0 .00 .00
10 + Years (121+ Months Old) 0 .00 .00
- --------------------------------------------------------------------------------
TOTAL: 1611 537,627,499.63 100.00
<PAGE>
Current Page: 1
- -------
[LOGO] Chase Manhattan Mortgage Corporation - Pool Summary
03-03-1999 10:54:26
LTV DISTRIBUTION
----------------
LTV Count Balance Percent
- --- ----- ------- -------
0-50.00 79 25,806,495.19 4.80
50.01-60.00 121 46,499,507.89 8.65
60.01-70.00 263 89,674,010.04 16.68
70.01-75.00 288 101,741,235.00 18.92
75.01-80.00 714 237,384,755.09 44.15
80.01-85.00 15 4,069,150.00 .76
85.01-90.00 59 17,390,241.59 3.23
90.01-95.00 69 14,379,854.83 2.67
95.01-100.00 3 682,250.00 .13
100.00+ 0 .00 .00
- --------------------------------------------------------------------------------
TOTAL: 1611 537,627,499.63 100.00
Count Original Balance Current Balance Average Original Bal
- ----- ---------------- --------------- --------------------
1,500 500,000,000 537,627,499.63 333,739.12
ORIGINAL BALANCE DISTRIBUTION
-----------------------------
Count Balance Percent
----- ------- -------
0-50,000.00 5 211,950.00 .04
50,000.01-100,000.00 89 7,118,658.59 1.32
100,000.01-150,000.00 113 14,532,308.45 2.70
150,000.01-200,000.00 74 12,769,677.00 2.38
200,000.01-225,000.00 45 9,705,328.79 1.81
225,000.01-227,150.00 2 454,000.00 .08
227,150.01-350,000.00 674 196,233,096.19 36.50
350,000.01-400,000.00 206 77,550,246.59 14.42
400,000.01-500,000.00 206 92,700,159.06 17.24
500,000.01-650,000.00 153 89,064,099.96 16.57
650,000.01-1,000,000.00 44 37,287,975.00 6.94
1,000,000.00+ 0 .00 .00
- --------------------------------------------------------------------------------
TOTAL: 1611 537,627,499.63 100.00
<PAGE>
NOTE RATE DISTRIBUTION
----------------------
Note Gross WA Gross
- ---- ----- --------
Rate Adjmts Rate Cnt Balance Percent
- ---- ------ ---- --- ------- -------
<5.750 .0000 .0000 0 .00 .00
5.750 .0000 .0000 0 .00 .00
5.875 .0000 .0000 0 .00 .00
6.000 .0000 .0000 0 .00 .00
6.125 .0000 .0000 0 .00 .00
6.250 .0000 6.2500 1 130,000.00 .02
6.375 .0000 6.3750 1 220,000.00 .04
6.500 .0000 6.5000 6 1,677,350.00 .31
6.625 .0000 6.6250 10 3,247,553.55 .60
6.750 .0000 6.7500 76 27,282,680.30 5.07
6.875 .0000 6.8750 224 81,019,765.95 15.07
7.000 .0000 7.0000 311 105,436,513.38 19.61
7.125 .0000 7.1250 282 101,442,828.70 18.87
7.250 .0000 7.2500 316 105,312,388.85 19.59
7.375 .0000 7.3750 148 49,485,715.91 9.20
7.500 .0000 7.5000 134 37,504,719.71 6.98
7.625 .0000 7.6250 31 8,252,110.29 1.53
7.750 .0000 7.7500 29 5,670,785.66 1.05
7.875 .0000 7.8750 21 5,437,512.33 1.01
8.000 .0000 8.0000 7 1,448,375.00 .27
8.125 .0000 8.1250 2 670,250.00 .12
8.250 .0000 8.2500 7 2,219,650.00 .41
8.375 .0000 8.3750 3 769,300.00 .14
8.500 .0000 8.5000 1 75,000.00 .01
8.625 .0000 8.6250 1 325,000.00 .06
8.750 .0000 .0000 0 .00 .00
8.875 .0000 .0000 0 .00 .00
9.000 .0000 .0000 0 .00 .00
9.125 .0000 .0000 0 .00 .00
9.250 .0000 .0000 0 .00 .00
Note Gross WA Gross
---- ----- --------
Rate Adjmts Rate Cnt Balance Percent
---- ------ ---- --- ------- -------
9.375 .0000 .0000 0 .00 .00
9.500 .0000 .0000 0 .00 .00
9.625 .0000 .0000 0 .00 .00
9.750 .0000 .0000 0 .00 .00
9.875 .0000 .0000 0 .00 .00
10.000 .0000 .0000 0 .00 .00
10.125 .0000 .0000 0 .00 .00
10.250 .0000 .0000 0 .00 .00
10.375 .0000 .0000 0 .00 .00
10.500 .0000 .0000 0 .00 .00
10.625 .0000 .0000 0 .00 .00
10.750 .0000 .0000 0 .00 .00
10.875 .0000 .0000 0 .00 .00
11.000 .0000 .0000 0 .00 .00
11.125 .0000 .0000 0 .00 .00
11.250 .0000 .0000 0 .00 .00
11.375 .0000 .0000 0 .00 .00
11.500 .0000 .0000 0 .00 .00
11.625 .0000 .0000 0 .00 .00
11.750 .0000 .0000 0 .00 .00
11.875 .0000 .0000 0 .00 .00
12.000 .0000 .0000 0 .00 .00
12.125 .0000 .0000 0 .00 .00
12.250 .0000 .0000 0 .00 .00
12.375 .0000 .0000 0 .00 .00
12.500 .0000 .0000 0 .00 .00
12.625 .0000 .0000 0 .00 .00
12.750 .0000 .0000 0 .00 .00
12.875 .0000 .0000 0 .00 .00
>12.875 .0000 .0000 0 .00 .00
Other: WAC 0 .0000 .0000 0 .00 .00
- --------------------------------------------------------------------------------
TOTAL: 1611 537,627,499.63 100.00
<PAGE>
Current Page: 1
- ------- 03-03-1999 10:54:26
[LOGO] Chase Manhattan Mortgage Corporation - Pool Summary
Count Original Balance Current Balance Average Original Bal
----- ---------------- --------------- --------------------
1,500 500,000,000 537,627,499.63 333,739.12
FICO CREDIT SCORES
------------------
FICOScore Count Balance Percent
- --------- ----- ------- -------
0-1/Unknown 237 82,688,724.42 15.38
2-500 9 2,975,642.34 .55
500.01-600 25 7,290,150.00 1.36
600.01-620 45 13,255,250.00 2.47
620.01-640 74 20,920,422.62 3.89
640.01-660 103 30,847,379.33 5.74
660.01-680 153 48,025,670.77 8.93
680.01-700 155 49,712,820.90 9.25
700.01-720 177 58,643,462.90 10.91
720.01-740 215 75,951,384.06 14.13
740.01-760 193 66,969,577.88 12.46
760.01-780 165 60,131,064.41 11.18
780.01-800 57 19,339,950.00 3.60
800.01-820 2 558,000.00 .10
820+ 1 318,000.00 .06
- ---------- --- ------------- -----
TOTAL 1611 537,627,499.63 100.00
Max Score: 999 Min Score: 6
Wtd Avg. Score (FICO>1): 707
UNINSURED LOANS (NO MI) BY LTV
------------------------------
LTV Count Balance Percent
--- ----- ------- -------
<80.01 1,465 501,106,003.21 93.21
80.01-85.00 8 1,792,150.00 .33
85.01-90.00 21 6,513,247.00 1.21
90.01-95.00 12 2,388,040.00 .44
95.01-100.00 3 682,250.00 .13
100.01+ 0 .00 .00
- ------------------------------------------------------------------
AGG UNINSURED 1,509 512,481,690.21 95.32
AGG INSURED 102 25,145,809.42 4.68
- ------------------------------------------------------------------
TOTAL 1,611 537,627,499.63 100.00
INTL/DOMESTIC BORROWERS DISTRIBUTION
------------------------------------
Int'l/Domes Count Balance Percent
- ----------- ----- ------- -------
International 0 .00 .00
Domestic 1,611 537,627,499.63 100.00
- -------------------------------------------------------------------
TOTAL 1611 537,627,499.63 100,00
<PAGE>
FULL STATE DISTRIBUTION
-----------------------
State Count Balance Percent
- ----- ----- ------- -------
AL 4 1,376,400.00 .26
AR 2 154,200.00 .03
AZ 37 12,420,778.71 2.31
CA 663 253,554,592.70 47.16
CO 36 13,709,490.40 2.55
CT 15 5,101,425.00 .95
DC 3 975,500.00 .18
DE 1 75,300.00 .01
FL 114 33,876,283.67 6.30
GA 59 16,282,331.45 3.03
HI 5 2,599,800.00 .48
IA 1 133,000.00 .02
ID 2 481,200.00 .09
IL 30 9,914,783.84 1.84
IN 10 2,151,680.48 .40
KS 2 635,850.00 .12
KY 3 831,850.00 .15
LA 7 2,314,000.00 .43
MA 26 8,777,200.00 1.63
MD 45 13,283,416.41 2.47
ME 0 .00 .00
MI 53 10,862,265.35 2.02
MN 9 1,638,684.34 .30
MO 15 3,823,350.00 .71
MS 3 1,128,450.00 .21
MT 2 237,200.00 .04
NC 19 4,774,050.00 .89
ND 0 .00 .00
NE 0 .00 .00
NH 1 330,000.00 .06
NJ 40 11,402,198.00 2.12
NM 14 3,674,150.00 .68
NV 16 5,789,460.09 1.08
NY 121 40,579,534.33 7.55
OH 17 2,571,590.00 .48
OK 7 1,793,550.00 .33
OR 13 4,768,650.00 .89
PA 36 10,183,908.29 1.89
RI 2 195,951.22 .04
SC 10 2,133,800.00 .40
SD 0 .00 .00
TN 15 4,378,070.44 .81
TX 69 21,518,041.82 4.00
UT 9 2,865,550.00 .53
VA 33 10,192,278.55 1.90
VT 0 .00 .00
WA 42 14,137,684.54 2.63
WI 0 .00 .00
WV 0 .00 .00
WY 0 .00 .00
UNKNOWN 0 .00 .00
- -----------------------------------------------------------------------
TOTAL: 1611 537,627,499.63 100.00
|
|