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SUPPLEMENT
(To Prospectus Supplement dated February 18, 1999
to Prospectus dated January 21, 1999)
$114,311,349 (Approximate)
Chase Mortgage Finance Trust, Series 1999-S3
Issuer
Chase Mortgage Finance Corporation
Seller
Chase Manhattan Mortgage Corporation
Servicer
Multi-Class Mortgage Pass-Through Certificates, Series 1999-S3
Notwithstanding anything to the contrary on pages S-3 and S-44 of the
attached Prospectus Supplement dated February 18, 1999 (the "Prospectus
Supplement"), it is a condition to the issuance of the Offered Certificates
that the Class A-P Certificates be rated "AAA" by DCR and "AAAr" by S&P and the
Class A-R Certificates be rated "AAA" by both DCR and S&P. All of the other
ratings required as conditions to the issuance of the Offered Certificates
shall be as set forth in the Prospectus Supplement.
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 February 24, 1999.
