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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): June 30, 1999
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Chase Mortgage Finance Corporation
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(Exact name of registrant specified in Charter)
Delaware 333-76801 52-1495132
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
343 Thornall Street
Edison, NJ 08837
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(Address of principal executive offices) Zip Code
Registrant's telephone, including area code: (732) 205-0600
Not Applicable
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(Former name and former address, if changed since last report)
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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-S11.
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ITEM 7. Financial Statements and Exhibits
(c) Exhibits
Item 601(a)
of Regulation S-K
Exhibit No. Description
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(99.1) Collateral Term Sheets
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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: June 30, 1999
By: /s/ Eileen A. Lindblom
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Name: Eileen A. Lindblom
Title: Vice President
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INDEX TO EXHIBITS
Exhibit No. Description
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(99.1) Collateral Term Sheets
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Chase Mortgage 1999-S11
30 Yr Fixed Rate Collateral
Principal Balance $400,000,000 +/-5%
Gross WAC 7.502% +/-5 bps
WAM 357 +/-2 months
Wtd. Ave LTV 74.1% +/-2%
Property Type Single Family & PUDs 88% Min
Condos 5% Max
Coops 3% Max
2-4 Family 4% Max
Owner Occupied 95% Min
Full Documentation 85% Min
Cash Out Refi 14.9% 19% Max
Geographics 31% California Max
Expected Subordinated 4.25% +/-0.50%
Settlement Aug 1999
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 completeness 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 and 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.
<PAGE>
Chase Mortgage 1999-S11
30 Yr Fixed Rate Collateral
Preliminary Pool Information
Principal Balance $400,000,000 +/-5%
Gross WAC 7.502%
WAM 357
Note Rate 6.50-7.00 8.6%
7.01-7.50 49.5%
7.51-8.00 38.5%
8.01-8.50 3.0%
8.51+ 0.4%
Ave. Loan Balance 336,000
Loan Balances 0-100,000 1.2%
100,001-200,000 5.7%
200,001-350,000 40.5%
350,001-500,000 24.9%
500,001-1,000,000 26.0%
1,000,000+ 1.7%
LTV 0-50.00 5.7%
50.01-60.00 6.2%
60.01-70.00 12.6%
70.01-75.00 17.3%
75.01-80.00 47.0%
80.01-85.00 1.7%
85.01-90.00 5.9%
90.01-95.00 3.4%
95.01-100.00 0.1%
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 completeness 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 and 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.
<PAGE>
Property Type Single Family & PUDs 91.8%
Condos 2.2%
Coops 1.3%
2-4 Family 1.7%
Unknown 2.9%
Occupancy Owner 96.4%
2nd 2.9%
Unkown 0.7%
Documentation Full 89.7%
Alternate 10.3%
Purpose Purpose 67.4%
Rate Term Refi 17.7%
Cash Out Refi 14.9%
Geographics California 27.3%
New York 13.7%
Florida 6.7%
New Jersey 5.1%
Texas 5.0%
All Others <5.0%
Ave.FICO 716
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 completeness 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 and 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.
