CHASE MORTGAGE FINANCE CORP
8-K, 1999-09-01
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: August 25, 1999

                       CHASE MORTGAGE FINANCE CORPORATION
      ---------------------------------------------------------------------
                           (Exact Name of Registrant)

<TABLE>
<CAPTION>

<S>                                   <C>                                 <C>
         Delaware                              333-56081                      52-1495132
- ------------------------------        -------------------------------     ----------------------
(State or other jurisdiction            (Commission File Number)           (IRS Employer
of incorporation)                                                          Identification No.)
</TABLE>

          343 Thornall Street, Edison, NJ                         08837
          -----------------------------------------------      ------------
          (Address of principal executive offices)              (Zip Code)

Registrant's telephone number, including area code:  (732) 205-0600


<PAGE>


Item 5.  Other Events:

         On or about August 25, 1999, Chase Mortgage Finance Corporation (the
"Depositor") made the distributions to holders of its Mortgage Pass-Through
Certificates, Series 1999-S1, Series 1999-S2, Series 1999-S3, Series 1999-S4,
Series 1999-S5, Series 1999-S6, Series 1999-S7, Series 1999-S8, Series 1999-S9,
Series 1999-S10, Series 1999-AS1 and Series 1999-AS2 contemplated by the
applicable Pooling and Servicing Agreements for such Series (collectively, the
"Pooling and Servicing Agreements").

         Copies of the Certificateholders' Reports with respect to such
distributions delivered pursuant to Section 6.02 of the Pooling and Servicing
Agreements are being filed as exhibits to this Current Report on Form 8-K.

Item 7(c).        Exhibits

                  Exhibits          Description
                  ----------        ---------------

                  20.1              Monthly Reports with respect to the
                                    August 25, 1999 distribution

<PAGE>

                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

Dated:  September 1, 1999

                                        THE CHASE MANHATTAN BANK,
                                        As Paying Agent, on behalf of Chase
                                        Mortgage Finance Corp.

                                        By: /s/ Andrew M. Cooper
                                        -----------------------------------
                                        Name:    Andrew M. Cooper
                                        Title:   Trust Officer


<PAGE>


                                        INDEX TO EXHIBITS
                                        ----------------------------

Exhibit No.                             Description
- ---------------                         -----------------
20.1                                    Monthly Reports with respect to the
                                        distribution to certificateholders on
                                        August 25, 1999.



<PAGE>

               Chase Mortgage Finance Corporation, Series 1999-S1

                         Statement to Certificateholders

                                 August 25, 1999

<TABLE>
<CAPTION>
                                            DISTRIBUTION IN DOLLARS

          ORIGINAL         PRIOR                                                                      CURRENT
            FACE           PRINCIPAL                                           REALIZED  DEFERRED    PRINCIPAL
  CLASS     VALUE           BALANCE        PRINCIPAL     INTEREST       TOTAL    LOSSES  INTEREST     BALANCE
<S>     <C>             <C>             <C>           <C>           <C>          <C>    <C>        <C>
   A1    33,921,000.00   33,921,000.00          0.00    172,431.75    172,431.75  0.00       0.00   33,921,000.00
   A2    25,000,000.00   25,000,000.00          0.00    122,916.67    122,916.67  0.00       0.00   25,000,000.00
   A3    10,000,000.00   10,000,000.00          0.00     50,416.67     50,416.67  0.00       0.00   10,000,000.00
   A4    37,285,000.00   37,285,000.00          0.00    192,639.17    192,639.17  0.00       0.00   37,285,000.00
   A6    89,193,000.00   84,739,347.02  1,098,309.21    459,004.80  1,557,314.01  0.00       0.00   83,641,037.81
   A7    18,242,000.00   12,945,042.61    477,906.77          0.00    477,906.77  0.00  70,118.98   12,537,254.82
   A8    63,600,000.00   63,600,000.00          0.00    344,500.00    344,500.00  0.00       0.00   63,600,000.00
   A9    56,234,000.00   53,992,217.64    346,152.90    292,457.85    638,610.75  0.00       0.00   53,646,064.74
   A10    3,513,000.00    3,513,000.00          0.00     19,028.75     19,028.75  0.00       0.00    3,513,000.00
   A11    5,000,000.00    5,000,000.00          0.00     29,166.67     29,166.67  0.00       0.00    5,000,000.00
   A12    5,000,000.00    5,000,000.00          0.00     27,083.33     27,083.33  0.00       0.00    5,000,000.00
   A13   11,522,200.00   11,522,200.00          0.00     64,812.38     64,812.38  0.00       0.00   11,522,200.00
   A14    1,642,800.00    1,642,800.00          0.00          0.00          0.00  0.00       0.00    1,642,800.00
   A15    1,500,000.00    1,500,000.00          0.00      8,437.50      8,437.50  0.00       0.00    1,500,000.00
   A16    3,500,000.00    3,500,000.00          0.00     19,687.50     19,687.50  0.00       0.00    3,500,000.00
   A17    3,300,000.00    3,300,000.00          0.00     18,562.50     18,562.50  0.00       0.00    3,300,000.00
   A18    3,000,000.00    3,000,000.00          0.00     16,250.00     16,250.00  0.00       0.00    3,000,000.00
   A19    2,000,000.00    2,000,000.00          0.00     13,333.33     13,333.33  0.00       0.00    2,000,000.00
   A20    6,000,000.00    6,000,000.00          0.00     35,000.00     35,000.00  0.00       0.00    6,000,000.00
   A21      885,000.00      885,000.00          0.00      4,978.13      4,978.13  0.00       0.00      885,000.00
   A22    1,000,000.00    1,000,000.00          0.00      5,416.67      5,416.67  0.00       0.00    1,000,000.00
   A23    1,000,000.00    1,032,943.31          0.00          0.00          0.00  0.00   5,595.11    1,038,538.42
   AP       661,605.00      656,919.62        685.52          0.00        685.52  0.00       0.00      656,234.10
   AR           100.00            0.00          0.00          0.03          0.03  0.00       0.00            0.00
    M     8,600,000.00    8,557,130.59      7,358.33     46,351.12     53,709.45  0.00       0.00    8,549,772.26
   B1     3,600,000.00    3,582,054.67      3,080.23     19,402.80     22,483.03  0.00       0.00    3,578,974.44
   B2     1,600,000.00    1,592,024.30      1,368.99      8,623.46      9,992.45  0.00       0.00    1,590,655.31
   B3     1,400,000.00    1,393,021.26      1,197.87      7,545.53      8,743.40  0.00       0.00    1,391,823.39
   B4       800,000.00      796,012.14        684.50      4,311.73      4,996.23  0.00       0.00      795,327.64
   B5     1,000,424.92      995,438.20        855.98      5,391.96      6,247.94  0.00       0.00      994,582.22
 TOTALS 400,000,129.92  387,951,151.36  1,937,600.30  1,987,750.30  3,925,350.60  0.00  75,714.09  386,089,265.15

   A5     6,808,292.00    6,808,292.00          0.00     36,878.25     36,878.25  0.00       0.00    6,808,292.00
   AX   361,515,966.00  349,783,821.68          0.00    108,963.56    108,963.56  0.00       0.00  347,964,010.62
</TABLE>

/X/                      (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

               Chase Mortgage Finance Corporation, Series 1999-S1

                         Statement to Certificateholders

                                 August 25, 1999

<TABLE>
<CAPTION>

             FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                     PASS-THROUGH RATES
            PRIOR                                                CURRENT                CURRENT
          PRINCIPAL                                             PRINCIPAL      CLASS  PASS-THRU
 CLASS      FACTOR       PRINCIPAL    INTEREST      TOTAL        FACTOR                 RATE

<S>    <C>              <C>         <C>          <C>         <C>               <C>    <C>
   A1   1,000.00000000   0.00000000  5.08333333   5.08333333  1,000.00000000     A1    6.100000 %
   A2   1,000.00000000   0.00000000  4.91666680   4.91666680  1,000.00000000     A2    5.900000 %
   A3   1,000.00000000   0.00000000  5.04166700   5.04166700  1,000.00000000     A3    6.050000 %
   A4   1,000.00000000   0.00000000  5.16666676   5.16666676  1,000.00000000     A4    6.200000 %
   A6     950.06723644  12.31384985  5.14619757  17.46004743    937.75338659     A6    6.500000 %
   A7     709.62847330  26.19815645  0.00000000  26.19815645    687.27413770     A7    6.500000 %
   A8   1,000.00000000   0.00000000  5.41666667   5.41666667  1,000.00000000     A8    6.500000 %
   A9     960.13475193   6.15558025  5.20072999  11.35631024    953.97917168     A9    6.500000 %
   A10  1,000.00000000   0.00000000  5.41666667   5.41666667  1,000.00000000     A10   6.500000 %
   A11  1,000.00000000   0.00000000  5.83333400   5.83333400  1,000.00000000     A11   7.000000 %
   A12  1,000.00000000   0.00000000  5.41666600   5.41666600  1,000.00000000     A12   6.500000 %
   A13  1,000.00000000   0.00000000  5.62500043   5.62500043  1,000.00000000     A13   6.750000 %
   A14  1,000.00000000   0.00000000  0.00000000   0.00000000  1,000.00000000     A14   0.000000 %
   A15  1,000.00000000   0.00000000  5.62500000   5.62500000  1,000.00000000     A15   6.750000 %
   A16  1,000.00000000   0.00000000  5.62500000   5.62500000  1,000.00000000     A16   6.750000 %
   A17  1,000.00000000   0.00000000  5.62500000   5.62500000  1,000.00000000     A17   6.750000 %
   A18  1,000.00000000   0.00000000  5.41666667   5.41666667  1,000.00000000     A18   6.500000 %
   A19  1,000.00000000   0.00000000  6.66666500   6.66666500  1,000.00000000     A19   8.000000 %
   A20  1,000.00000000   0.00000000  5.83333333   5.83333333  1,000.00000000     A20   7.000000 %
   A21  1,000.00000000   0.00000000  5.62500565   5.62500565  1,000.00000000     A21   6.750000 %
   A22  1,000.00000000   0.00000000  5.41667000   5.41667000  1,000.00000000     A22   6.500000 %
   A23  1,032.94331000   0.00000000  0.00000000   0.00000000  1,038.53842000     A23   6.500000 %
   AP     992.91816114   1.03614695  0.00000000   1.03614695    991.88201419     AP    0.000000 %
   AR       0.00000000   0.00000000  0.30000000   0.30000000      0.00000000     AR    6.500000 %
    M     995.01518488   0.85561977  5.38966512   6.24528488    994.15956512      M    6.500000 %
   B1     995.01518611   0.85561944  5.38966667   6.24528611    994.15956667     B1    6.500000 %
   B2     995.01518750   0.85561875  5.38966250   6.24528125    994.15956875     B2    6.500000 %
   B3     995.01518571   0.85562143  5.38966429   6.24528571    994.15956429     B3    6.500000 %
   B4     995.01517500   0.85562500  5.38966250   6.24528750    994.15955000     B4    6.500000 %
   B5     995.01539806   0.85561643  5.38966982   6.24528625    994.15978163     B5    6.500000 %
 TOTALS   969.87756338   4.84399918  4.96937414   9.81337331    965.22284937

   A5   1,000.00000000   0.00000000  5.41666691   5.41666691  1,000.00000000     A5    6.500000 %

   AX     967.54736879   0.00000000  0.30140732   0.30140732    962.51353563     AX    0.373816 %
</TABLE>


/X/                      (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

               Chase Mortgage Finance Corporation, Series 1999-S1

                                 August 25, 1999

                         STATEMENT TO CERTIFICATEHOLDERS

<TABLE>
<CAPTION>

<S>                         <C>                                                                          <C>
 Sec. 6.02(a)(iii)          Aggregate Amount of Principal Prepayments                                       1,528,236.26
                            Aggregate Amount of Repurchase Proceeds                                                 0.00

 Sec. 6.02(a)(iv):          Aggregate Servicer Advances                                                     1,997,638.11

 Sec. 6.02(a)(v):           Number of Outstanding Mortgage Loans                                                1,234.00
                            Ending Principal Balance of Outstanding Mortgage Loans                        386,089,265.48

 Sec. 6.02(a)(vi):          Aggregate Amount of Servicing Fees                                                 99,735.77

 Sec. 6.02(a)(vii)          Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency

                                  Group Totals

                            Category     Number  Principal Balance     Percentage
                            1 Month           2          90,620.46         0.02 %
                            2 Months          2         366,291.03         0.09 %
                            3+ Months         1          68,737.55         0.02 %
                            Total             5         525,649.04         0.13 %

                            Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure

                                     Group Totals

                                Number     Principal Balance   Percentage
                                     1            133,500.44       0.03 %

 Sec. 6.02(a)(viii)         Number and Aggregate Principal Amounts of REO Loans

                                  Group Totals

                                Number  Principal Balance     Percentage
                                     0               0.00         0.00 %

 Sec. 6.02(a)(ix):          Aggregate Amount of All Advances Recovered During the Related Due Period      16,971.19

 Sec. 6.02(a)(x):           Class A Percentage                                                                   95.64 %
                            Class A Principal Balance                                                     371,035,470.20
                            Class M Percentage                                                                    2.21 %
                            Class M Principal Balance                                                       8,557,130.59
                            Class B Percentage                                                                    2.15 %
                            Class B Principal Balance                                                       8,358,550.57

                            NON-PO Class A Percentage                                                            95.63 %
                            NON-PO Class A Prepayment Percentage                                                100.00 %

                            M Credit Support                                                                      2.17 %
                            B1 Credit Support                                                                     1.22 %
                            B2 Credit Support                                                                     0.82 %
                            B3 Credit Support                                                                     0.45 %
                            B4 Credit Support                                                                     0.26 %

 Sec. 6.02(a)(xi):          Aggregate Cummulative Losses Since Cut-Off                                              0.00
</TABLE>

[/X/]                    (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

               Chase Mortgage Finance Corporation, Series 1999-S1

                                 August 25, 1999
<TABLE>
<S>                         <C>                                                                          <C>
 Sec. 6.02(a)(xiv):         Compensating Interest Shortfall                                                         0.00
</TABLE>

/X/                      (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                  Chase Mortgage Finance Trust, Series 1999-S2

                         Statement to Certificateholders

                                 August 25, 1999

<TABLE>
<CAPTION>

                                            DISTRIBUTION IN DOLLARS

          ORIGINAL         PRIOR                                                                      CURRENT
            FACE         PRINCIPAL                                              REALIZED  DEFERRED    PRINCIPAL
  CLASS     VALUE         BALANCE        PRINCIPAL     INTEREST       TOTAL       LOSSES  INTEREST     BALANCE
<S>     <C>             <C>             <C>           <C>           <C>         <C>       <C>      <C>
   A1   215,000,000.00  208,894,172.58  1,866,894.85  1,131,510.10  2,998,404.95   0.00     0.00   207,027,277.73
   A2   126,772,000.00  122,514,676.32  1,301,703.29    663,621.16  1,965,324.45   0.00     0.00   121,212,973.03
   A3     8,000,000.00    8,000,000.00          0.00     43,333.33     43,333.33   0.00     0.00     8,000,000.00
   A4     3,651,000.00    3,651,000.00          0.00     19,776.25     19,776.25   0.00     0.00     3,651,000.00
   A5     6,008,000.00    6,008,000.00          0.00     32,543.33     32,543.33   0.00     0.00     6,008,000.00
   A6     3,731,000.00    3,731,000.00          0.00     20,209.58     20,209.58   0.00     0.00     3,731,000.00
   A7     5,611,000.00    5,611,000.00          0.00     30,392.92     30,392.92   0.00     0.00     5,611,000.00
   A8     9,581,000.00    9,581,000.00          0.00     48,863.10     48,863.10   0.00     0.00     9,581,000.00
   A9     3,200,000.00    3,200,000.00          0.00     17,333.33     17,333.33   0.00     0.00     3,200,000.00
   A10    1,000,000.00    1,000,000.00          0.00      6,666.67      6,666.67   0.00     0.00     1,000,000.00
   A11    2,948,000.00    2,948,000.00          0.00     19,002.32     19,002.32   0.00     0.00     2,948,000.00
   A12   45,000,000.00   45,000,000.00          0.00    243,750.00    243,750.00   0.00     0.00    45,000,000.00
   AP       374,266.00      372,181.32        413.14          0.00        413.14   0.00     0.00       371,768.18
   AR           100.00            0.00          0.00          0.00          0.00   0.00     0.00             0.00
    M     9,900,000.00    9,859,389.06      8,343.61     53,405.02     61,748.63   0.00     0.00     9,851,045.45
   B1     4,050,000.00    4,033,386.44      3,413.30     21,847.51     25,260.81   0.00     0.00     4,029,973.14
   B2     1,575,000.00    1,568,539.17      1,327.39      8,496.25      9,823.64   0.00     0.00     1,567,211.78
   B3     1,575,000.00    1,568,539.17      1,327.39      8,496.25      9,823.64   0.00     0.00     1,567,211.78
   B4       900,000.00      896,308.10        758.51      4,855.00      5,613.51   0.00     0.00       895,549.59
   B5     1,125,239.36    1,120,623.55        948.25      6,070.04      7,018.29   0.00     0.00     1,119,675.30
 TOTALS 450,001,605.36  439,557,815.71  3,185,129.73  2,380,172.16  5,565,301.89   0.00     0.00   436,372,685.98

   AX   420,440,757.99  410,154,758.83          0.00    134,942.50    134,942.50   0.00     0.00   407,003,331.71
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                  Chase Mortgage Finance Trust, Series 1999-S2

                         Statement to Certificateholders

                                 August 25, 1999

<TABLE>
<CAPTION>

                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                           PASS-THROUGH RATES
                       PRIOR                                                CURRENT               CURRENT
                     PRINCIPAL                                             PRINCIPAL      CLASS PASS-THRU
  CLASS  CUSIP         FACTOR       PRINCIPAL    INTEREST      TOTAL        FACTOR                 RATE

<S>     <C>        <C>            <C>          <C>         <C>          <C>               <C>    <C>
   A1   16162TFL5    971.60080270  8.68323186  5.26283767  13.94606953    962.91757084     A1    6.500000 %
   A2   16162TFM3    966.41747641 10.26806621  5.23476130  15.50282752    956.14941020     A2    6.500000 %
   A3   16162TFN1  1,000.00000000  0.00000000  5.41666625   5.41666625  1,000.00000000     A3    6.500000 %
   A4   16162TFP6  1,000.00000000  0.00000000  5.41666667   5.41666667  1,000.00000000     A4    6.500000 %
   A5   16162TFQ4  1,000.00000000  0.00000000  5.41666611   5.41666611  1,000.00000000     A5    6.500000 %
   A6   16162TFR2  1,000.00000000  0.00000000  5.41666577   5.41666577  1,000.00000000     A6    6.500000 %
   A7   16162TFS0  1,000.00000000  0.00000000  5.41666726   5.41666726  1,000.00000000     A7    6.500000 %
   A8   16162TFT8  1,000.00000000  0.00000000  5.10000000   5.10000000  1,000.00000000     A8    6.120000 %
   A9   16162TFU5  1,000.00000000  0.00000000  5.41666563   5.41666563  1,000.00000000     A9    6.500000 %
   A10  16162TFV5  1,000.00000000  0.00000000  6.66667000   6.66667000  1,000.00000000     A10   8.000000 %
   A11  16162TFW1  1,000.00000000  0.00000000  6.44583446   6.44583446  1,000.00000000     A11   7.735000 %
   A12  16162TFX9  1,000.00000000  0.00000000  5.41666667   5.41666667  1,000.00000000     A12   6.500000 %
   AP   16162TFY7    994.42995089  1.10386730  0.00000000   1.10386730    993.32608359     AP    0.000000 %
   AR   16162TFZ4      0.00000000  0.00000000  0.00000000   0.00000000      0.00000000     AR    6.500000 %
    M   16162TGA8    995.89788485  0.84278889  5.39444646   6.23723535    995.05509596      M    6.500000 %
   B1   16162TGB6    995.89788642  0.84279012  5.39444691   6.23723704    995.05509630     B1    6.500000 %
   B2   16162TGC4    995.89788571  0.84278730  5.39444444   6.23723175    995.05509841     B2    6.500000 %
   B3   16162TGE0    995.89788571  0.84278730  5.39444444   6.23723175    995.05509841     B3    6.500000 %
   B4   16162TGF7    995.89788889  0.84278889  5.39444444   6.23723333    995.05510000     B4    6.500000 %
   B5   16162TGG5    995.89793055  0.84270959  5.39444337   6.23715296    995.05522096     B5    6.500000 %
 TOTALS              976.79166135  7.07804082  5.28925260  12.36729341    969.71362053

   AX   16162TGD2    975.53519975  0.00000000  0.32095485   0.32095485    968.03966784     AX    0.394805 %
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                  Chase Mortgage Finance Trust, Series 1999-S2

                                 August 25, 1999

<TABLE>
<S>                         <C>                  <C>
 Sec. 6.02(a)(iii)          Aggregate Amount of Principal Prepayments                                       2,813,122.57
                            Aggregate Amount of Repurchase Proceeds                                                 0.00

 Sec. 6.02(a)(iv)           Aggregate Servicer Advances                                                     2,143,836.41

 Sec. 6.02(a)(v)            Number of Outstanding Mortgage Loans                                                   1,419
                            Ending Principal Balance of Outstanding Mortgage Loans                        436,372,686.62

 Sec. 6.02(a)(vi)           Aggregate Amount of Servicing Fees                                                112,563.43

 Sec. 6.02(a)(vii)          Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency

                                                 Group 1
                             Category   Number   Principal Balance     Percentage
                             1 Month         1          148,715.24            0.03 %
                             2 Months        1           48,753.12            0.01 %
                             3+Months        0                0.00            0.00 %
                             Total           2          197,468.36            0.04 %

                            Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure

                                                 Group 1
                                 Number     Principal Balance   Percentage
                                      2            755,891.29       0.17 %

 Sec. 6.02(a)(viii)         Aggregate Number of REO Loans                                                              0
                            Aggregate Balance of REO Loans                                                          0.00

 Sec. 6.02(a)(ix)           Aggregate Recovered Advances for Current Period                                    25,401.24

 Sec. 6.02(a)(x)            Class A Percentage                                                                95.66683 %
                            Class M Percentage                                                                 2.24302 %
                            Class B Percentage                                                                 2.09015 %
                            Class A Principal Balance                                                     420,511,030.22
                            Class M Principal Balance                                                       9,859,389.06
                            Class B Principal Balance                                                       9,187,396.43

                            NON-PO Class A Percentage                                                         95.66316 %
                            NON-PO Class A Prepayment Percentage                                             100.00000 %

                            M Credit Support                                                                      2.09 %
                            B1 Credit Support                                                                     1.17 %
                            B2 Credit Support                                                                     0.82 %
                            B3 Credit Support                                                                     0.46 %
                            B4 Credit Support                                                                     0.26 %

 Sec. 6.02(a)(xi)           Current Period Realized Losses                                                          0.00
                            Cumulative Period Realized Losses                                                       0.00

 Sec. 6.02(a)(xiv)          Compensating Interest Shortfall                                                         0.00
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                  Chase Mortgage Finance Trust, Series 1999-S3

                         Statement to Certificateholders

                                 August 25, 1999

<TABLE>
<CAPTION>
                                                DISTRIBUTION IN DOLLARS

          ORIGINAL          PRIOR                                                                     CURRENT
            FACE          PRINCIPAL                                            REALIZED  DEFERRED    PRINCIPAL
  CLASS     VALUE          BALANCE        PRINCIPAL    INTEREST      TOTAL       LOSSES  INTEREST     BALANCE
<S>     <C>             <C>             <C>           <C>         <C>             <C>      <C>     <C>
   A1   112,065,223.00  108,179,358.19  1,129,352.07  563,434.16  1,692,786.23    0.00     0.00    107,050,006.12
   AP       176,004.00      164,106.20        596.33        0.00        596.33    0.00     0.00        163,509.87
   AR           100.00            0.00          0.00        0.00          0.00    0.00     0.00              0.00
    M     1,265,014.00    1,243,875.65      4,317.51    6,478.52     10,796.03    0.00     0.00      1,239,558.14
   B1       402,504.00      395,778.17      1,373.75    2,061.34      3,435.09    0.00     0.00        394,404.42
   B2       402,504.00      395,778.17      1,373.75    2,061.34      3,435.09    0.00     0.00        394,404.42
   B3       345,004.00      339,239.00      1,177.50    1,766.87      2,944.37    0.00     0.00        338,061.50
   B4       172,502.00      169,619.50        588.75      883.43      1,472.18    0.00     0.00        169,030.75
   B5       172,505.00      169,622.45        588.78      883.45      1,472.23    0.00     0.00        169,033.67
 TOTALS 115,001,360.00  111,057,377.33  1,139,368.44  577,569.11  1,716,937.55    0.00     0.00    109,918,008.89

   AX   105,726,363.20  102,238,842.58         0.00   28,647.63     28,647.63     0.00     0.00    101,132,265.67
</TABLE>

<TABLE>
<CAPTION>

                FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                         PASS-THROUGH RATES
                      PRIOR                                              CURRENT              CURRENT
                   PRINCIPAL                                           PRINCIPAL      CLASS PASS-THRU
  CLASS  CUSIP        FACTOR      PRINCIPAL    INTEREST      TOTAL       FACTOR               RATE
<S>     <C>        <C>           <C>          <C>         <C>          <C>            <C>   <C>
   A1   16162TFE1  965.32497142  10.07763193  5.02773425  15.10536618  955.24733949    A1    6.250000 %
   AP   16162TFF8  932.40039999   3.38816163  0.00000000   3.38816163  929.01223836    AP    0.000000 %
   AR   16162TFG6    0.00000000   0.00000000  0.00000000   0.00000000    0.00000000    AR    6.250000 %
    M   16162TFH4  983.29002683   3.41301361  5.12130301   8.53431662  979.87701322     M    6.250000 %
   B1   16162TFJ0  983.29002942   3.41300956  5.12129072   8.53430028  979.87701986    B1    6.250000 %
   B2   16162TFK7  983.29002942   3.41300956  5.12129072   8.53430028  979.87701986    B2    6.250000 %
   B3   16162TGH3  983.29004881   3.41300391  5.12130294   8.53430685  979.87704490    B3    6.250000 %
   B4   16162TGJ8  983.29004881   3.41300391  5.12127396   8.53427786  979.87704490    B4    6.250000 %
   B5   16162TGK6  983.29004956   3.41311846  5.12130083   8.53441929  979.87693110    B5    6.250000 %
 TOTALS            965.70490410   9.90743449  5.02228069  14.92971518  955.79746961

   AX              967.01370865   0.00000000  0.27096014   0.27096014  956.54728498    AX    0.336243 %
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                  Chase Mortgage Finance Trust, Series 1999-S3

                                 August 25, 1999

<TABLE>
<CAPTION>

<S>                         <C>                                                                           <C>
 Sec. 6.02(a)(iii)          Aggregate Amount of Principal Prepayments                                         753,869.16
                            Aggregate Amount of Repurchase Proceeds                                                 0.00

 Sec. 6.02(a)(iv)           Aggregate Servicer Advances                                                        17,365.48

 Sec. 6.02(a)(v)            Number of Outstanding Mortgage Loans                                                     357
                            Ending Principal Balance of Outstanding Mortgage Loans                        109,918,009.41

 Sec. 6.02(a)(vi)           Aggregate Amount of Servicing Fees                                                 29,143.31

 Sec. 6.02(a)(vii)          Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency

                                          Group Totals

                               Category    Number  Principal Balance     Percentage
                               1 Month     0       0.00                  0.00 %
                               2 Months    0       0.00                  0.00 %
                               3+ Months   0       0.00                  0.00 %
                               Total       0       0.00                  0.00 %

                            Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure

                                           Group Totals

                                 Number     Principal Balance   Percentage
                                      0                  0.00       0.00 %

 Sec. 6.02(a)(viii)         Number and Aggregate Principal Amounts of REO Loans

                                         Group Totals

                               Number  Principal Balance     Percentage
                                    0               0.00         0.00 %

 Sec. 6.02(a)(ix)           Aggregate Recovered Advances for Current Period                                    12,694.19

 Sec. 6.02(a)(x)            Class A Percentage                                                                   97.56 %
                            Class M Percentage                                                                    1.12 %
                            Class B Percentage                                                                    1.32 %
                            Class A Principal Balance                                                     108,343,464.39
                            Class M Principal Balance                                                       1,243,875.65
                            Class B Principal Balance                                                       1,470,037.29

                            NON-PO Class A Percentage                                                          97.5527 %
                            NON-PO Class A Prepayment Percentage                                              100.0000 %

                            M Credit Support                                                                      1.33 %
                            B1 Credit Support                                                                     0.97 %
                            B2 Credit Support                                                                     0.61 %
                            B3 Credit Support                                                                     0.31 %
                            B4 Credit Support                                                                     0.15 %

 Sec. 6.02(a)(xi)           Current Period Realized Losses                                                          0.00
                            Cumulative Period Realized Losses                                                       0.00

 Sec. 6.02(a)(xiv)          Compensating Interest Shortfall                                                         0.00
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                 Chase Mortgage Finance Trust, Series 1999-S4

                       Statement to Certificateholders

                               August 25, 1999

<TABLE>
<CAPTION>

                                               DISTRIBUTION IN DOLLARS
          ORIGINAL          PRIOR                                                                     CURRENT
            FACE          PRINCIPAL                                              REALIZED DEFERRED    PRINCIPAL
  CLASS     VALUE          BALANCE        PRINCIPAL    INTEREST       TOTAL       LOSSES  INTEREST     BALANCE
<S>     <C>             <C>             <C>          <C>            <C>          <C>      <C>      <C>
   A1   207,499,900.00  202,784,377.08    973,016.88  1,098,415.38  2,071,432.26    0.00    0.00   201,811,360.20
   A2    72,600,000.00   70,664,580.09    399,352.60    382,766.48    782,119.08    0.00    0.00    70,265,227.49
   A3    10,000,000.00   10,000,000.00          0.00     54,166.67     54,166.67    0.00    0.00    10,000,000.00
   A4    40,989,000.00   40,989,000.00          0.00    222,023.75    222,023.75    0.00    0.00    40,989,000.00
   A5     3,250,000.00    3,250,000.00          0.00     17,604.17     17,604.17    0.00    0.00     3,250,000.00
   A6     5,500,000.00    5,500,000.00          0.00     29,791.67     29,791.67    0.00    0.00     5,500,000.00
   A7     1,170,000.00    1,170,000.00          0.00      6,337.50      6,337.50    0.00    0.00     1,170,000.00
   A8     4,526,877.00    4,526,877.00          0.00     24,520.58     24,520.58    0.00    0.00     4,526,877.00
   A9     1,300,000.00    1,300,000.00          0.00      8,666.67      8,666.67    0.00    0.00     1,300,000.00
   A10    1,680,000.00    1,680,000.00          0.00      9,100.00      9,100.00    0.00    0.00     1,680,000.00
   A11    2,000,000.00    2,000,000.00          0.00     11,666.67     11,666.67    0.00    0.00     2,000,000.00
   A12    2,000,000.00    2,000,000.00          0.00     10,000.00     10,000.00    0.00    0.00     2,000,000.00
   A13    9,500,000.00    8,602,327.20    185,224.90     46,595.94    231,820.84    0.00    0.00     8,417,102.30
   A15   25,000,000.00   25,000,000.00          0.00    130,208.33    130,208.33    0.00    0.00    25,000,000.00
   A16    5,000,000.00    5,000,000.00          0.00     27,083.33     27,083.33    0.00    0.00     5,000,000.00
   A17   38,363,800.00   37,902,455.55     87,465.74    205,304.97    292,770.71    0.00    0.00    37,814,989.81
   AP       504,519.00      502,548.24        489.03          0.00        489.03    0.00    0.00       502,059.21
   AR           100.00            0.00          0.00          0.00          0.00    0.00    0.00             0.00
    M     9,900,211.00    9,867,909.68      8,235.22     53,451.18     61,686.40    0.00    0.00     9,859,674.46
   B1     4,050,087.00    4,036,872.82      3,368.95     21,866.39     25,235.34    0.00    0.00     4,033,503.87
   B2     1,575,034.00    1,569,895.16      1,310.15      8,503.60      9,813.75    0.00    0.00     1,568,585.01
   B3     1,575,033.00    1,569,894.17      1,310.15      8,503.59      9,813.74    0.00    0.00     1,568,584.02
   B4       900,020.00      897,083.51        748.66      4,859.20      5,607.86    0.00    0.00       896,334.85
   B5     1,125,024.08    1,121,353.48        935.82      6,074.00      7,009.82    0.00    0.00     1,120,417.66
 TOTALS 450,009,605.08  441,935,173.98  1,661,458.10  2,387,510.07  4,048,968.17    0.00    0.00   440,273,715.88

   A14   25,000,000.00   25,000,000.00         0.00      5,208.33      5,208.33     0.00    0.00    25,000,000.00
   AX   419,564,188.06  411,611,491.41         0.00    134,069.39    134,069.39     0.00    0.00   409,979,977.40
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                  Chase Mortgage Finance Trust, Series 1999-S4

                         Statement to Certificateholders

                                 August 25, 1999

<TABLE>
<CAPTION>

                 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                          PASS-THROUGH RATES
                    PRIOR                                                 CURRENT                  CURRENT
                   PRINCIPAL                                              PRINCIPAL        CLASS   PASS-THRU
  CLASS CUSIP       FACTOR          PRINCIPAL    INTEREST      TOTAL       FACTOR                     RATE
<S>     <C>        <C>              <C>          <C>        <C>         <C>             <C>       <C>
   A1   16162T GL4    977.27457739   4.68924024  5.29357065  9.98281088   972.58533715      A1    6.500000 %
   A2   16162T GM2    973.34132355   5.50072452  5.27226556 10.77299008   967.84059904      A2    6.500000 %
   A3   16162T GN0  1,000.00000000   0.00000000  5.41666700  5.41666700 1,000.00000000      A3    6.500000 %
   A4   16162T GP5  1,000.00000000   0.00000000  5.41666667  5.41666667 1,000.00000000      A4    6.500000 %
   A5   16162T GQ3  1,000.00000000   0.00000000  5.41666769  5.41666769 1,000.00000000      A5    6.500000 %
   A6   16162T GR1  1,000.00000000   0.00000000  5.41666727  5.41666727 1,000.00000000      A6    6.500000 %
   A7   16162T GS9  1,000.00000000   0.00000000  5.41666667  5.41666667 1,000.00000000      A7    6.500000 %
   A8   16162T GT7  1,000.00000000   0.00000000  5.41666584  5.41666584 1,000.00000000      A8    6.500000 %
   A9   16162T GU4  1,000.00000000   0.00000000  6.66666923  6.66666923 1,000.00000000      A9    8.000000 %
   A10  16162T GV2  1,000.00000000   0.00000000  5.41666667  5.41666667 1,000.00000000      A10   6.500000 %
   A11  16162T GW0  1,000.00000000   0.00000000  5.83333500  5.83333500 1,000.00000000      A11   7.000000 %
   A12  16162T GX8  1,000.00000000   0.00000000  5.00000000  5.00000000 1,000.00000000      A12   6.000000 %
   A13  16162T GY6    905.50812632  19.49735789  4.90483579 24.40219368   886.01076842      A13   6.500000 %
   A15  16162T HA7  1,000.00000000   0.00000000  5.20833320  5.20833320 1,000.00000000      A15   6.250000 %
   A16  16162T HB5  1,000.00000000   0.00000000  5.41666600  5.41666600 1,000.00000000      A16   6.500000 %
   A17  16162T HC3    987.97448506   2.27990293  5.35152852  7.63143145   985.69458213      A17   6.500000 %
   AP   16162T HD1    996.09378438   0.96929947  0.00000000  0.96929947   995.12448491      AP    0.000000 %
   AR   16162T HE9      0.00000000   0.00000000  0.00000000  0.00000000     0.00000000      AR    6.500000 %
    M   16162T HH2    996.73730994   0.83182268  5.39899402  6.23081670   995.90548727       M    6.500000 %
   B1   16162T HF6    996.73730959   0.83182164  5.39899266  6.23081430   995.90548796      B1    6.500000 %
   B2   16162T HG4    996.73731488   0.83182331  5.39899456  6.23081787   995.90549156      B2    6.500000 %
   B3   16162T HJ8    996.73731915   0.83182384  5.39899164  6.23081548   995.90549531      B3    6.500000 %
   B4   16162T HK5    996.73730584   0.83182596  5.39899113  6.23081709   995.90547988      B4    6.500000 %
   B5   16162T HL3    996.73731428   0.83182220  5.39899555  6.23081774   995.90549209      B5    6.500000 %

  TOTALS              982.05720276   3.69205031  5.30546469  8.99751500   978.36515245

   A14  16162T GZ3  1,000.00000000   0.00000000  0.20833320  0.20833320 1,000.00000000      A14   0.250000 %
   AX                 981.04533972   0.00000000  0.31954441  0.31954441   977.15674757      AX    0.390863 %
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                  Chase Mortgage Finance Trust, Series 1999-S4

                                 August 25, 1999

<TABLE>
<S>                         <C>                                                                           <C>
 Sec. 6.02(a)(iii)          Aggregate Amount of Principal Prepayments                                       1,292,598.99
                            Aggregate Amount of Repurchase Proceeds                                                 0.00

                            Group 1 Amount of Principal Prepayments                                         1,235,994.77
                            Group 1 Amount of Repurchase Proceeds                                                   0.00

                            Group 2 Amount of Principal Prepayments                                            55,934.14
                            Group 2 Amount of Repurchase Proceeds                                                   0.00

 Sec. 6.02(a)(iv)           Aggregate Servicer Advances                                                        88,757.01
                            Group 1 Servicer Advances                                                          77,646.69
                            Group 2 Servicer Advances                                                          11,110.32

 Sec. 6.02(a)(v)            Number of Outstanding Mortgage Loans                                                   1,377
                            Ending Principal Balance of Outstanding Mortgage Loans                        440,273,716.35

                            Group 1 Outstanding Mortgage Loans                                                     1,077
                            Ending Principal Balance of Group 1 Mortgage Loans                            400,706,655.66

                            Group 2 Outstanding Mortgage Loans                                                       300
                            Ending Principal Balance of Group 2 Mortgage Loans                             39,567,060.69

 Sec. 6.02(a)(vi)           Aggregate Amount of Servicing Fees                                                113,172.23

 Sec. 6.02(a)(vii)          Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency
</TABLE>

                                     Group 1

                         Category   Number   Principal Balance     Percentage
                         1 Month    1        392,156.80            0.10 %
                         2 Months   1        334,322.99            0.08 %
                         3+Months   0        0.00                  0.00 %
                         Total      2        726,479.79            0.18 %

                                     Group 2

                         Category   Number   Principal Balance     Percentage
                         1 Month    1        199,095.38            0.50 %
                         2 Months   0        0.00                  0.00 %
                         3+Months   1        213,978.36            0.54 %
                         Total      2        413,073.74            1.04 %

                                  Group Totals

                         Category    Number  Principal Balance     Percentage
                         1 Month     2       591,252.18            0.13 %
                         2 Months    1       334,322.99            0.08 %
                         3+ Months   1       213,978.36            0.05 %
                         Total       4       1,139,553.53          0.26 %

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                  Chase Mortgage Finance Trust, Series 1999-S4

                                 August 25, 1999

<TABLE>
<S>                         <C>                                                                           <C>

                            Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure

                                     Group 1

                                 Number     Principal Balance   Percentage
                                      0                  0.00       0.00 %

                                     Group 2

                                 Number     Principal Balance   Percentage
                                      0                  0.00       0.00 %

                                  Group Totals

                                 Number     Principal Balance   Percentage
                                      0                  0.00       0.00 %

 Sec. 6.02(a)(viii)         Number and Aggregate Principal Amounts of REO Loans

                                     Group 1

                               Number  Principal Balance     Percentage
                               0       0.00                  0.00 %

                                     Group 2

                               Number  Principal Balance     Percentage
                               0       0.00                  0.00 %

                                  Group Totals

                               Number  Principal Balance     Percentage
                               0       0.00                  0.00 %

 Sec. 6.02(a)(ix)           Aggregate Recovered Advances for Current Period                                    34,118.76

 Sec. 6.02(a)(x)            Class A Percentage                                                                95.68647 %
                            Class M Percentage                                                                 2.23289 %
                            Class B Percentage                                                                 2.08064 %
                            Class A Principal Balance                                                     422,872,165.16
                            Class M Principal Balance                                                       9,867,909.68
                            Class B Principal Balance                                                       9,195,099.14
                            NON-PO Class A Percentage                                                         95.68156 %
                            NON-PO Class A Prepayment Percentage                                             100.00000 %
                            M Credit Support                                                                      2.08 %
                            B1 Credit Support                                                                     1.17 %
                            B2 Credit Support                                                                     0.81 %
                            B3 Credit Support                                                                     0.46 %
                            B4 Credit Support                                                                     0.25 %

 Sec. 6.02(a)(xi)           Current Period Realized Losses                                                          0.00
                            Group 1 Current Period Realized Losses                                                  0.00
                            Group 2 Current Period Realized Losses                                                  0.00

                            Cumulative Period Realized Losses                                                       0.00

 Sec. 6.02(a)(xiv)          Compensating Interest Shortfall                                                         0.00

</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                  Chase Mortgage Finance Trust, Series 1999-S5

                         Statement to Certificateholders

                                 August 25, 1999

<TABLE>
<CAPTION>
                                                  DISTRIBUTION IN DOLLARS

          ORIGINAL          PRIOR                                                                      CURRENT
            FACE          PRINCIPAL                                              REALIZED DEFERRED    PRINCIPAL
  CLASS     VALUE          BALANCE        PRINCIPAL      INTEREST       TOTAL     LOSSES  INTEREST     BALANCE
<S>     <C>             <C>             <C>           <C>           <C>          <C>      <C>      <C>
   A1    86,402,913.00   84,803,549.15    490,597.64    459,352.56    949,950.20   0.00     0.00    84,312,951.51
   A2   154,962,609.00  151,612,224.08  1,027,651.20    821,232.88  1,848,884.08   0.00     0.00   150,584,572.88
   A3    14,500,000.00   14,500,000.00          0.00     78,541.67     78,541.67   0.00     0.00    14,500,000.00
   A4    30,151,743.00   30,151,743.00          0.00    163,321.94    163,321.94   0.00     0.00    30,151,743.00
   A5    41,730,000.00   41,730,000.00          0.00    226,037.50    226,037.50   0.00     0.00    41,730,000.00
   A6    13,200,000.00   12,375,323.06    252,950.12     67,033.00    319,983.12   0.00     0.00    12,122,372.94
   A7    24,943,107.00   24,943,107.00          0.00    135,108.50    135,108.50   0.00     0.00    24,943,107.00
   A8    50,575,580.00   49,489,783.70    333,042.29    268,069.66    601,111.95   0.00     0.00    49,156,741.41
   A9     3,151,000.00    3,151,000.00          0.00     17,724.38     17,724.38   0.00     0.00     3,151,000.00
   A10    3,400,000.00    3,400,000.00          0.00     19,125.00     19,125.00   0.00     0.00     3,400,000.00
   A11    1,946,427.00    1,946,427.00          0.00     10,948.65     10,948.65   0.00     0.00     1,946,427.00
   A12    8,497,427.00    8,497,427.00          0.00     44,257.43     44,257.43   0.00     0.00     8,497,427.00
   A13    4,000,000.00    4,000,000.00          0.00     21,666.67     21,666.67   0.00     0.00     4,000,000.00
   A14   40,814,107.00   40,377,005.29    200,532.05    218,708.78    419,240.83   0.00     0.00    40,176,473.24
   AP       488,368.00      486,808.44        525.84          0.00        525.84   0.00     0.00       486,282.60
    M    11,250,314.00   11,222,753.99      9,323.43     60,789.92     70,113.35   0.00     0.00    11,213,430.56
   B1     4,500,126.00    4,489,102.00      3,729.37     24,315.97     28,045.34   0.00     0.00     4,485,372.63
   B2     1,750,049.00    1,745,761.89      1,450.31      9,456.21     10,906.52   0.00     0.00     1,744,311.58
   B3     1,500,042.00    1,496,367.33      1,243.12      8,105.32      9,348.44   0.00     0.00     1,495,124.21
   B4     1,000,028.00      997,578.22        828.75      5,403.55      6,232.30   0.00     0.00       996,749.47
   B5     1,250,035.73    1,246,973.51      1,035.94      6,754.44      7,790.38   0.00     0.00     1,245,937.57
   AR           100.00            0.00          0.00          0.00          0.00   0.00     0.00             0.00
 TOTALS 500,013,975.73  492,662,934.66  2,322,910.06  2,665,954.03  4,988,864.09   0.00     0.00   490,340,024.60

   AX             0.00  456,671,940.13          0.00    137,502.43    137,502.43   0.00     0.00   454,387,233.92
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                  Chase Mortgage Finance Trust, Series 1999-S5

                         Statement to Certificateholders

                                 August 25, 1999
<TABLE>
<CAPTION>

                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                          PASS-THROUGH RATES
                       PRIOR                                                CURRENT             CURRENT
                     PRINCIPAL                                             PRINCIPAL     CLASS PASS-THRU
  CLASS  CUSIP         FACTOR       PRINCIPAL    INTEREST      TOTAL        FACTOR               RATE
<S>     <C>        <C>             <C>          <C>         <C>          <C>             <C>   <C>
   A1   16162THM1    981.48946842   5.67802199  5.31640131  10.99442330    975.81144643   A1    6.500000 %
   A2   16162THN9    978.37939783   6.63160750  5.29955507  11.93116257    971.74779033   A2    6.500000 %
   A3   16162THP4  1,000.00000000   0.00000000  5.41666690   5.41666690  1,000.00000000   A3    6.500000 %
   A4   16162THQ3  1,000.00000000   0.00000000  5.41666663   5.41666663  1,000.00000000   A4    6.500000 %
   A5   16162THR0  1,000.00000000   0.00000000  5.41666667   5.41666667  1,000.00000000   A5    6.500000 %
   A6   16162THS8    937.52447424  19.16288788  5.07825758  24.24114545    918.36158636   A6    6.500000 %
   A7   16162THT6  1,000.00000000   0.00000000  5.41666682   5.41666682  1,000.00000000   A7    6.500000 %
   A8   16162THU3    978.53121408   6.58504144  5.30037738  11.88541881    971.94617264   A8    6.500000 %
   A9   16162THV1  1,000.00000000   0.00000000  5.62500159   5.62500159  1,000.00000000   A9    6.750000 %
   A10  16162THW9  1,000.00000000   0.00000000  5.62500000   5.62500000  1,000.00000000   A10   6.750000 %
   A11  16162THX7  1,000.00000000   0.00000000  5.62499904   5.62499904  1,000.00000000   A11   6.750000 %
   A12  16162THY5  1,000.00000000   0.00000000  5.20833306   5.20833306  1,000.00000000   A12   6.250000 %
   A13  16162THZ2  1,000.00000000   0.00000000  5.41666750   5.41666750  1,000.00000000   A13   6.500000 %
   A14  16162TJA5    989.29042573   4.91330240  5.35865651  10.27195891    984.37712333   A14   6.500000 %
   AP   16162TJB3    996.80658847   1.07672902  0.00000000   1.07672902    995.72985945   AP    0.000000 %
    M   16162TJD9    997.55028971   0.82872620  5.40339763   6.23212383    996.72156350    M    6.500000 %
   B1   16162TJE7    997.55029081   0.82872568  5.40339759   6.23212328    996.72156513   B1    6.500000 %
   B2   16162TJE7    997.55029145   0.82872537  5.40339728   6.23212264    996.72156608   B2    6.500000 %
   B3   16162TJF4    997.55028859   0.82872346  5.40339537   6.23211883    996.72156513   B3    6.500000 %
   B4   16162TJH0    997.55028859   0.82872680  5.40339870   6.23212550    996.72156180   B4    6.500000 %
   B5   16162TJJ6    997.55029402   0.82872831  5.40339755   6.23212586    996.72156571   B5    6.500000 %
   AR   16162TJC1      0.00000000   0.00000000  0.00000000   0.00000000      0.00000000   AR    6.500000 %
 TOTALS              985.29832879   4.64569027  5.33175903   9.97744930    980.65263853
</TABLE>

  /X/                    (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                  Chase Mortgage Finance Trust, Series 1999-S5

                                 August 25, 1999

<TABLE>
<S>                         <C>                                                                           <C>
 Sec. 6.02(a)(iii)          Aggregate Amount of Principal Prepayments                                       1,913,588.36
                            Aggregate Amount of Repurchase Proceeds                                                 0.00

                            Group 1 Amount of Principal Prepayments                                         1,745,312.17
                            Group 1 Amount of Repurchase Proceeds                                                   0.00

                            Group 2 Amount of Principal Prepayments                                           167,793.07
                            Group 2 Amount of Repurchase Proceeds                                                   0.00

 Sec. 6.02(a)(iv)           Aggregate Servicer Advances                                                             0.00
                            Group 1 Servicer Advances                                                               0.00
                            Group 2 Servicer Advances                                                               0.00

 Sec. 6.02(a)(v)            Number of Outstanding Mortgage Loans                                                   1,476
                            Ending Principal Balance of Outstanding Mortgage Loans                        490,340,024.86

                            Group 1 Outstanding Mortgage Loans                                                     1,175
                            Ending Principal Balance of Group 1 Mortgage Loans                            448,285,978.06

                            Group 2 Outstanding Mortgage Loans                                                       301
                            Ending Principal Balance of Group 2 Mortgage Loans                             42,054,046.80

 Sec. 6.02(a)(vi)           Aggregate Amount of Servicing Fees                                                126,162.76

 Sec. 6.02(a)(vii)          Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency

                                           Group 1

                               Category   Number   Principal Balance     Percentage
                               1 Month    2        670,864.77            0.15 %
                               2 Months   1        354,662.39            0.08 %
                               3+Months   0        0.00                  0.00 %
                               Total      3        1,025,527.16          0.23 %

                                           Group 2

                               Category   Number   Principal Balance     Percentage
                               1 Month    0        0.00                  0.00 %
                               2 Months   0        0.00                  0.00 %
                               3+Months   0        0.00                  0.00 %
                               Total      0        0.00                  0.00 %

                                        Group Totals

                               Category    Number  Principal Balance     Percentage
                               1 Month     2       670,864.77            0.14 %
                               2 Months    1       354,662.39            0.07 %
                               3+ Months   0       0.00                  0.00 %
                               Total       3       1,025,527.16          0.21 %
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                  Chase Mortgage Finance Trust, Series 1999-S5

                                 August 25, 1999

<TABLE>
<S>                         <C>                                                                           <C>
                            Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure

                                     Group 1

                                 Number     Principal Balance   Percentage
                                      0                  0.00       0.00 %

                                     Group 2

                                 Number     Principal Balance   Percentage
                                      0                  0.00       0.00 %

                                  Group Totals

                                 Number     Principal Balance   Percentage
                                      0                  0.00       0.00 %

 Sec. 6.02(a)(viii)         Number and Aggregate Principal Amounts of REO Loans

                                     Group 1

                               Number  Principal Balance     Percentage
                               0       0.00                  0.00 %

                                     Group 2

                               Number  Principal Balance     Percentage
                               0       0.00                  0.00 %

                                  Group Totals

                               Number  Principal Balance     Percentage
                               0       0.00                  0.00 %

 Sec. 6.02(a)(ix)           Aggregate Recovered Advances for Current Period                                    42,812.33

 Sec. 6.02(a)(x)            Class A Percentage                                                                95.69715 %
                            Class M Percentage                                                                 2.27798 %
                            Class B Percentage                                                                 2.02487 %
                            Class A Principal Balance                                                     471,464,397.72
                            Class M Principal Balance                                                      11,222,753.99
                            Class B Principal Balance                                                       9,975,782.95
                            NON-PO Class A Percentage                                                         95.69290 %
                            NON-PO Class A Prepayment Percentage                                             100.00000 %
                            M Credit Support                                                                      2.02 %
                            B1 Credit Support                                                                     1.11 %
                            B2 Credit Support                                                                     0.76 %
                            B3 Credit Support                                                                     0.46 %
                            B4 Credit Support                                                                     0.25 %

 Sec. 6.02(a)(xi)           Current Period Realized Losses                                                          0.00
                            Group 1 Current Period Realized Losses                                                  0.00
                            Group 2 Current Period Realized Losses                                                  0.00
                            Cumulative Period Realized Losses                                                       0.00

 Sec. 6.02(a)(xiv)          Compensating Interest Shortfall                                                         0.00
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                  Chase Mortgage Finance Trust, Series 1999-S6

                         Statement to Certificateholders

                                 August 25, 1999

<TABLE>
<CAPTION>
                                                DISTRIBUTION IN DOLLARS

          ORIGINAL           PRIOR                                                                        CURRENT
            FACE           PRINCIPAL                                              REALIZED  DEFERRED    PRINCIPAL
  CLASS     VALUE           BALANCE        PRINCIPAL     INTEREST       TOTAL      LOSSES  INTEREST      BALANCE
<S>     <C>              <C>             <C>           <C>           <C>          <C>      <C>       <C>
   A1   165,406,000.00   160,994,918.32  1,119,527.31    838,515.20  1,958,042.51   0.00     0.00    159,875,391.01
   A2     9,330,316.00     9,330,316.00          0.00     48,595.40     48,595.40   0.00     0.00      9,330,316.00
   A3    43,684,004.00    43,249,545.21    146,823.17    225,258.05    372,081.22   0.00     0.00     43,102,722.04
   AP       392,628.00       388,410.55      1,443.29          0.00      1,443.29   0.00     0.00        386,967.26
   AR           100.00             0.00          0.00          0.00          0.00   0.00     0.00              0.00

    M     3,375,110.00     3,341,542.87     11,343.84     17,403.87     28,747.71   0.00     0.00      3,330,199.03
   B1       675,002.00       668,288.78      2,268.70      3,480.67      5,749.37   0.00     0.00        666,020.08
   B2       787,502.00       779,669.91      2,646.82      4,060.78      6,707.60   0.00     0.00        777,023.09
   B3       675,002.00       668,288.78      2,268.70      3,480.67      5,749.37   0.00     0.00        666,020.08
   B4       337,501.00       334,144.38      1,134.35      1,740.34      2,874.69   0.00     0.00        333,010.03
   B5       337,501.59       334,144.97      1,134.35      1,740.34      2,874.69   0.00     0.00        333,010.62
 TOTALS 225,000,666.59   220,089,269.77  1,288,590.53  1,144,275.32  2,432,865.85   0.00     0.00    218,800,679.24

   AX   199,288,133.52  194,647,435.16          0.00     57,230.86     57,230.86   0.00     0.00     193,452,946.98
</TABLE>

<TABLE>
<CAPTION>
                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                      PRIOR                                                 CURRENT     PASS-THROUGH RATES
                     PRINCIPAL                                             PRINCIPAL             CURRENT
  CLASS CUSIP         FACTOR       PRINCIPAL    INTEREST      TOTAL         FACTOR       CLASS  PASS-THRU
                                                                                                   RATE
<S>     <C>        <C>             <C>         <C>         <C>          <C>             <C>    <C>
   A1   16162T JL1   973.33179159  6.76835973  5.06943642  11.83779615    966.56343186   A1    6.250000 %
   A2   16162T JM9 1,000.00000000  0.00000000  5.20833378   5.20833378  1,000.00000000   A2    6.250000 %
   A3   16162T JN7   990.05451080  3.36102822  5.15653396   8.51756217    986.69348258   A3    6.250000 %
   AP   16162T JP2   989.25840745  3.67597319  0.00000000   3.67597319    985.58243426   AP    0.000000 %
   AR   16162T JQ0     0.00000000  0.00000000  0.00000000   0.00000000      0.00000000   AR    6.250000 %
    M   16162T JR8   990.05450785  3.36102823  5.15653416   8.51756239    986.69347962    M    6.250000 %
   B1   16162T JS6   990.05451836  3.36102708  5.15653287   8.51755995    986.69349128   B1    6.250000 %
   B2   16162T JT4   990.05451415  3.36103273  5.15653294   8.51756567    986.69348141   B2    6.250000 %
   B3   16162T JU1   990.05451836  3.36102708  5.15653287   8.51755995    986.69349128   B3    6.250000 %
   B4   16162T JV9   990.05448873  3.36102708  5.15654768   8.51757476    986.69346165   B4    6.250000 %
   B5   16162T JW7   990.05450611  3.36102120  5.15653867   8.51755987    986.69348491   B5    6.250000 %
 TOTALS              978.17163436  5.72705206  5.08565302  10.81270508    972.44458230

   AX                976.71362425  0.00000000  0.28717646   0.28717646    970.71984951   AX    0.352828 %
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                  Chase Mortgage Finance Trust, Series 1999-S6

                                 August 25, 1999

<TABLE>
<S>                         <C>                                                                           <C>
 Sec. 6.02(a)(iii)          Aggregate Amount of Principal Prepayments                                         541,381.10
                            Aggregate Amount of Repurchase Proceeds                                                 0.00

 Sec. 6.02(a)(iv)           Aggregate Servicer Advances                                                        47,540.41

 Sec. 6.02(a)(v)            Number of Outstanding Mortgage Loans                                                     709
                            Ending Principal Balance of Outstanding Mortgage Loans                        218,800,679.97

 Sec. 6.02(a)(vi)           Aggregate Amount of Servicing Fees                                                 57,571.68
 Sec. 6.02(a)(vii)          Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency

                                         Group 1

                             Category   Number   Principal Balance     Percentage
                             1 Month    3        1,289,586.60          0.59 %
                             2 Months   0        0.00                  0.00 %
                             3+Months   0        0.00                  0.00 %
                             Total      3        1,289,586.60          0.59 %

                            Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure

                                     Group 1

                                 Number     Principal Balance   Percentage
                                      0                  0.00       0.00 %

 Sec. 6.02(a)(viii)         Aggregate Number of REO Loans                                                              0
                            Aggregate Balance of REO Loans                                                          0.00

 Sec. 6.02(a)(ix)           Aggregate Recovered Advances for Current Period                                     8,370.06

 Sec. 6.02(a)(x)            Class A Percentage                                                                97.21655 %
                            Class M Percentage                                                                 1.51827 %
                            Class B Percentage                                                                 1.26519 %
                            Class A Principal Balance                                                     213,963,190.08
                            Class M Principal Balance                                                       3,341,542.87
                            Class B Principal Balance                                                       2,784,536.82
                            NON-PO Class A Percentage                                                         97.21163 %
                            NON-PO Class A Prepayment Percentage                                             100.00000 %
                            M Credit Support                                                                      1.27 %
                            B1 Credit Support                                                                     0.96 %
                            B2 Credit Support                                                                     0.61 %
                            B3 Credit Support                                                                     0.30 %
                            B4 Credit Support                                                                     0.15 %

 Sec. 6.02(a)(xi)           Current Period Realized Losses                                                          0.00
                            Cumulative Period Realized Losses                                                       0.00

 Sec. 6.02(a)(xiv)          Compensating Interest Shortfall                                                         0.00
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                   Chase Mortage Finance Trust, Series 1999-S7

                         Statement to Certificateholders

                                 August 25, 1999

<TABLE>
<CAPTION>
                                                     DISTRIBUTION IN DOLLARS

           ORIGINAL           PRIOR                                                                      CURRENT
             FACE            PRINCIPAL                                            REALIZED  DEFERRED     PRINCIPAL
  CLASS      VALUE            BALANCE        PRINCIPAL    INTEREST       TOTAL     LOSSES  INTEREST      BALANCE
<S>      <C>              <C>              <C>          <C>          <C>          <C>      <C>      <C>
   A1    121,433,000.00   119,670,619.83   475,662.51   623,284.48   1,098,946.99   0.00     0.00   119,194,957.32
   AP        127,811.00       126,899.08       459.70         0.00         459.70   0.00     0.00       126,439.38
   AR            100.00             0.00         0.00         0.00           0.00   0.00     0.00             0.00
    M      1,875,000.00     1,862,745.27     6,192.24     9,701.80      15,894.04   0.00     0.00     1,856,553.03
   B1        375,000.00       372,549.06     1,238.45     1,940.36       3,178.81   0.00     0.00       371,310.61
   B2        437,000.00       434,143.83     1,443.21     2,261.17       3,704.38   0.00     0.00       432,700.62
   B3        375,000.00       372,549.06     1,238.45     1,940.36       3,178.81   0.00     0.00       371,310.61
   B4        187,000.00       185,777.79       617.57       967.59       1,585.16   0.00     0.00       185,160.22
   B5        190,214.48       188,971.25       628.19       984.23       1,612.42   0.00     0.00       188,343.06
 TOTALS  125,000,125.48   123,214,255.17   487,480.32   641,079.99   1,128,560.31   0.00     0.00   122,726,774.85

   AX    117,596,935.26   115,864,165.16         0.00    34,522.19      34,522.19   0.00     0.00   115,403,537.39
</TABLE>

<TABLE>
<CAPTION>

              FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                          PASS-THROUGH RATES
                      PRIOR                                              CURRENT               CURRENT
                     PRINCIPAL                                          PRINCIPAL     CLASS  PASS-THRU
  CLASS CUSIP         FACTOR       PRINCIPAL   INTEREST     TOTAL        FACTOR                RATE
<S>     <C>         <C>           <C>         <C>         <C>         <C>             <C>  <C>
   A1   16162T JX5  985.48681026  3.91707781  5.13274382  9.04982163  981.56973245    A1   6.250000 %
   AP   16162T JY3  992.86508986  3.59671703  0.00000000  3.59671703  989.26837283    AP   0.000000 %
   AR   16162T JZ0    0.00000000  0.00000000  0.00000000  0.00000000    0.00000000    AR   6.250000 %
    M   16162T KA3  993.46414400  3.30252800  5.17429333  8.47682133  990.16161600    M    6.250000 %
   B1   16162T KB1  993.46416000  3.30253333  5.17429333  8.47682667  990.16162667    B1   6.250000 %
   B2   16162T KC9  993.46414188  3.30254005  5.17430206  8.47684211  990.16160183    B2   6.250000 %
   B3   16162T KD7  993.46416000  3.30253333  5.17429333  8.47682667  990.16162667    B3   6.250000 %
   B4   16162T KE5  993.46411765  3.30251337  5.17427807  8.47679144  990.16160428    B4   6.250000 %
   B5   16162T KF2  993.46406225  3.30253512  5.17431691  8.47685203  990.16152714    B5   6.250000 %
 TOTALS             985.71305186  3.89983865  5.12863477  9.02847342  981.81321322

   AX               985.26517637  0.00000000  0.29356369  0.29356369  981.34817149    AX   0.357546 %
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                   Chase Mortage Finance Trust, Series 1999-S7

                                 August 25, 1999

<TABLE>
<S>                         <C>                                                                           <C>
 Sec. 6.02(a)(iii)          Aggregate Amount of Principal Prepayments                                          77,864.38
                            Aggregate Amount of Repurchase Proceeds                                                 0.00

 Sec. 6.02(a)(iv)           Aggregate Servicer Advances                                                             0.00

 Sec. 6.02(a)(v)            Number of Outstanding Mortgage Loans                                                     370
                            Ending Principal Balance of Outstanding Mortgage Loans                        122,726,774.85

 Sec. 6.02(a)(vi)           Aggregate Amount of Servicing Fees                                                 32,333.48

 Sec. 6.02(a)(vii)          Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency

                                          Group 1

                              Category   Number   Principal Balance     Percentage
                              1 Month    1        335,671.56            0.27 %
                              2 Months   0              0.00            0.00 %
                              3+Months   0              0.00            0.00 %
                              Total      1        335,671.56            0.27 %

                            Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure

                                          Group 1

                                 Number     Principal Balance   Percentage
                                      0                  0.00       0.00 %

 Sec. 6.02(a)(viii)         Aggregate Number of REO Loans                                                              0
                            Aggregate Balance of REO Loans                                                          0.00

 Sec. 6.02(a)(ix)           Aggregate Recovered Advances for Current Period                                     7,200.03

 Sec. 6.02(a)(x)            Class A Percentage                                                                97.22700 %
                            Class M Percentage                                                                 1.51179 %
                            Class B Percentage                                                                 1.26121 %
                            Class A Principal Balance                                                     119,797,518.91
                            Class M Principal Balance                                                       1,862,745.27
                            Class B Principal Balance                                                       1,553,990.99
                            NON-PO Class A Percentage                                                         97.22414 %
                            NON-PO Class A Prepayment Percentage                                             100.00000 %
                            M Credit Support                                                                      1.26 %
                            B1 Credit Support                                                                     0.96 %
                            B2 Credit Support                                                                     0.61 %
                            B3 Credit Support                                                                     0.30 %
                            B4 Credit Support                                                                     0.15 %

 Sec. 6.02(a)(xi)           Current Period Realized Losses                                                          0.00
                            Cumulative Period Realized Losses                                                       0.00

 Sec. 6.02(a)(xiv)          Compensating Interest Shortfall                                                         0.00
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                   Chase Mortgage Finance Trust Series 1999-S8

                         Statement to Certificateholders

                                 August 25, 1999

<TABLE>
<CAPTION>
                                                 DISTRIBUTION IN DOLLARS

          ORIGINAL          PRIOR                                                                          CURRENT
            FACE          PRINCIPAL                                              REALIZED   DEFERRED    PRINCIPAL
  CLASS     VALUE          BALANCE        PRINCIPAL      INTEREST       TOTAL     LOSSES    INTEREST      BALANCE
<S>     <C>             <C>             <C>           <C>           <C>          <C>      <C>         <C>
   A1   167,414,000.00  167,414,000.00          0.00    885,899.08    885,899.08   0.00         0.00  167,414,000.00
   A2    76,000,000.00   76,000,000.00          0.00    411,666.67    411,666.67   0.00         0.00   76,000,000.00
   A3    35,222,000.00   35,222,000.00          0.00    195,188.58    195,188.58   0.00         0.00   35,222,000.00
   A4    20,000,000.00   19,796,237.82    246,450.58    108,054.46    354,505.04   0.00         0.00   19,549,787.24
   A5    18,750,000.00   18,521,964.95    263,131.07    101,099.06    364,230.13   0.00         0.00   18,258,833.88
   A6   124,000,000.00  123,002,316.45  1,151,233.23    671,387.64  1,822,620.87   0.00         0.00  121,851,083.22
   A7    76,900,000.00   77,320,373.91     41,203.29    142,369.57    183,572.86   0.00   451,035.51   77,730,206.13
   A8    16,063,000.00   16,063,000.00          0.00     93,700.83     93,700.83   0.00         0.00   16,063,000.00
   A9    10,137,000.00   10,137,000.00          0.00     59,132.50     59,132.50   0.00         0.00   10,137,000.00
   A10    3,500,000.00    3,500,000.00          0.00     23,333.33     23,333.33   0.00         0.00    3,500,000.00
   A11   15,065,000.00   15,003,260.14     71,242.00     70,265.27    141,507.27   0.00         0.00   14,932,018.14
   A12    4,485,000.00    4,466,619.43     21,209.45     36,007.71     57,217.16   0.00         0.00    4,445,409.98
   A13   16,215,900.00   14,530,144.39    436,936.63          0.00    436,936.63   0.00    84,759.18   14,177,966.94
   A14   11,300,600.00   11,197,822.75     62,800.49          0.00     62,800.49   0.00         0.00   11,135,022.26
   AP     3,387,180.00    3,384,022.21      3,276.12          0.00      3,276.12   0.00         0.00    3,380,746.09
   AR           100.00            0.00          0.00          0.00          0.00   0.00         0.00            0.00
    M    13,750,000.00   13,739,090.58     11,059.57     77,282.38     88,341.95   0.00         0.00   13,728,031.01
   B1     5,625,000.00    5,620,537.06      4,524.37     31,615.52     36,139.89   0.00         0.00    5,616,012.69
   B2     2,500,000.00    2,498,016.47      2,010.83     14,051.34     16,062.17   0.00         0.00    2,496,005.64
   B3     1,875,000.00    1,873,512.35      1,508.12     10,538.51     12,046.63   0.00         0.00    1,872,004.23
   B4     1,250,000.00    1,249,008.23      1,005.42      7,025.67      8,031.09   0.00         0.00    1,248,002.81
   B5     1,563,298.80    1,562,058.46      1,257.41      8,786.58     10,043.99   0.00         0.00    1,560,801.05
 TOTALS 625,003,078.80  622,100,985.20  2,318,848.58  2,947,404.70  5,266,253.28   0.00   535,794.69  620,317,931.31

   AX   468,582,348.57  465,829,372.85          0.00    110,267.59    110,267.59   0.00         0.00  464,202,492.37
  A7C1   13,257,451.85   13,257,451.85          0.00     74,573.17     74,573.17   0.00         0.00   13,257,451.85
  A7C2   11,719,285.71   11,622,239.92          0.00     67,796.40     67,796.40   0.00         0.00   11,509,529.94

  A7C3   76,900,000.00   77,320,373.91     41,203.29          0.00     41,203.29   0.00   451,035.51   77,730,206.13
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                   Chase Mortgage Finance Trust Series 1999-S8

                         Statement to Certificateholders

                                 August 25, 1999

<TABLE>
<CAPTION>

                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                           PASS-THROUGH RATES
                       PRIOR                                                 CURRENT              CURRENT
                     PRINCIPAL                                              PRINCIPAL     CLASS  PASS-THRU
  CLASS  CUSIP         FACTOR        PRINCIPAL    INTEREST      TOTAL        FACTOR                RATE
<S>     <C>        <C>             <C>          <C>         <C>          <C>              <C>   <C>
   A1   16162TLE4  1,000.00000000   0.00000000  5.29166665   5.29166665  1,000.00000000   A1    6.350000 %
   A2   16162TLF1  1,000.00000000   0.00000000  5.41666671   5.41666671  1,000.00000000   A2    6.500000 %
   A3   16162TLG9  1,000.00000000   0.00000000  5.54166657   5.54166657  1,000.00000000   A3    6.650000 %
   A4   16162TLH7    989.81189100  12.32252900  5.40272300  17.72525200    977.48936200   A4    6.550000 %
   A5   16162TLJ3    987.83813067  14.03365707  5.39194987  19.42560693    973.80447360   A5    6.550000 %
   A6   16162TLK0    991.95416492   9.28413895  5.41441645  14.69855540    982.67002597   A6    6.550000 %
   A7   16162TLL8  1,005.46650078   0.53580351  1.85135982   2.38716333  1,010.79591847   A7    2.209553 %
   A8   16162TLM6  1,000.00000000   0.00000000  5.83333313   5.83333313  1,000.00000000   A8    7.000000 %
   A9   16162TLN4  1,000.00000000   0.00000000  5.83333333   5.83333333  1,000.00000000   A9    7.000000 %
   A10  16162TLP9  1,000.00000000   0.00000000  6.66666571   6.66666571  1,000.00000000   A10   8.000000 %
   A11  16162TLQ7    995.90176834   4.72897444  4.66414006   9.39311450    991.17279389   A11   5.620000 %
   A12  16162TLR5    995.90176812   4.72897436  8.02847492  12.75744928    991.17279376   A12   9.673814 %
   A13  16162TLS3    896.04304356  26.94495094  0.00000000  26.94495094    874.32501064   A13   7.000000 %
   A14  16162TLT1    990.90515105   5.55727041  0.00000000   5.55727041    985.34788064   A14   0.000000 %
   AP   16162TLU8    999.06772300   0.96721166  0.00000000   0.96721166    998.10051134   AP    0.000000 %
   AR   16162TLV6      0.00000000   0.00000000  0.00000000   0.00000000      0.00000000   AR    6.750000 %
    M   16162TLW4    999.20658764   0.80433236  5.62053673   6.42486909    998.40225527    M    6.750000 %
   B1   16162TLX2    999.20658844   0.80433244  5.62053689   6.42486933    998.40225600   B1    6.750000 %
   B2   16162TLY0    999.20658800   0.80433200  5.62053600   6.42486800    998.40225600   B2    6.750000 %
   B3   16162TLZ7    999.20658667   0.80433067  5.62053867   6.42486933    998.40225600   B3    6.750000 %
   B4   16162TMA1    999.20658400   0.80433600  5.62053600   6.42487200    998.40224800   B4    6.750000 %
   B5   16162TMB9    999.20658802   0.80433120  5.62053780   6.42486900    998.40225682   B5    6.750000 %
 TOTALS              995.35667311   3.71013945  4.71582429   8.42596374    992.50380094

   AX   N/A          994.12488386   0.00000000  0.23532169   0.23532169    990.65296375   AX    0.284055 %
  A7C1  N/A        1,000.00000000   0.00000000  5.62500025   5.62500025  1,000.00000000  A7C1   6.750000 %
  A7C2  N/A          991.71913780   0.00000000  5.78502834   5.78502834    982.10165916  A7C2   7.000000 %

  A7C3  N/A        1,005.46650078   0.53580351  0.00000000   0.53580351  1,010.79591847  A7C3   7.000000 %
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                   Chase Mortgage Finance Trust Series 1999-S8

                                 August 25, 1999

<TABLE>
<S>                         <C>                                                                           <C>
 Sec. 6.02(a)(iii)          Aggregate Amount of Principal Prepayments                                       1,282,058.85
                            Aggregate Amount of Repurchase Proceeds                                                 0.00

 Sec. 6.02(a)(iv)           Aggregate Servicer Advances                                                       175,009.89

 Sec. 6.02(a)(v)            Number of Outstanding Mortgage Loans                                                   1,882
                            Ending Principal Balance of Outstanding Mortgage Loans                        620,317,931.55

 Sec. 6.02(a)(vi)           Aggregate Amount of Servicing Fees                                                159,309.70

 Sec. 6.02(a)(vii)          Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency

                                                       Group 1
                               Category   Number   Principal Balance     Percentage
                               1 Month    2        1,368,557.18          0.22 %
                               2 Months   1        265,471.81            0.04 %
                               3+Months   0        0.00                  0.00 %
                               Total      3        1,634,028.99          0.26 %

                            Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure

                                                 Group 1
                                 Number     Principal Balance   Percentage
                                      0                  0.00       0.00 %

 Sec. 6.02(a)(viii)         Aggregate Number of REO Loans                                                              0
                            Aggregate Balance of REO Loans                                                          0.00

 Sec. 6.02(a)(ix)           Aggregate Recovered Advances for Current Period                                         0.00

 Sec. 6.02(a)(x)            Class A Percentage                                                                95.73345 %
                            Class M Percentage                                                                 2.20850 %
                            Class B Percentage                                                                 2.05805 %
                            Class A Principal Balance                                                     595,558,762.05
                            Class M Principal Balance                                                      13,739,090.58
                            Class B Principal Balance                                                      12,803,132.57
                            NON-PO Class A Percentage                                                         95.71012 %
                            NON-PO Class A Prepayment Percentage                                             100.00000 %
                            M Credit Support                                                                      2.07 %
                            B1 Credit Support                                                                     1.16 %
                            B2 Credit Support                                                                     0.76 %
                            B3 Credit Support                                                                     0.45 %
                            B4 Credit Support                                                                     0.25 %

 Sec. 6.02(a)(xi)           Current Period Realized Losses                                                          0.00
                            Cumulative Period Realized Losses                                                       0.00

 Sec. 6.02(a)(xiv)          Compensating Interest Shortfall                                                         0.00
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                   Chase Mortgage Finance Trust Series 1999-S9

                         Statement to Certificateholders

                                 August 25, 1999

<TABLE>
<CAPTION>
                                                 DISTRIBUTION IN DOLLARS

           ORIGINAL           PRIOR                                                                    CURRENT
             FACE           PRINCIPAL                                           REALIZED  DEFERRED     PRINCIPAL
  CLASS      VALUE           BALANCE       PRINCIPAL   INTEREST      TOTAL       LOSSES   INTEREST      BALANCE
<S>      <C>              <C>             <C>         <C>         <C>           <C>       <C>      <C>
   A1    138,313,000.00   137,725,343.62  605,582.38  717,319.50  1,322,901.88    0.00     0.00    137,119,761.24
   A2     11,517,000.00    11,517,000.00        0.00   59,984.38     59,984.38    0.00     0.00     11,517,000.00
   A3     18,265,000.00    18,205,564.63   59,869.32   94,820.65    154,689.97    0.00     0.00     18,145,695.31
   A4     11,659,635.00    11,621,693.87   38,218.15   60,529.66     98,747.81    0.00     0.00     11,583,475.72
   AP        164,041.00       163,420.09      569.06        0.00        569.06    0.00     0.00        162,851.03
   AR            100.00             0.00        0.00        0.00          0.00    0.00     0.00              0.00
    M      2,775,097.00     2,766,066.67    9,096.26   14,406.60     23,502.86    0.00     0.00      2,756,970.41
   B1        555,019.00       553,212.94    1,819.25    2,881.32      4,700.57    0.00     0.00        551,393.69
   B2        647,523.00       645,415.92    2,122.46    3,361.54      5,484.00    0.00     0.00        643,293.46
   B3        555,019.00       553,212.94    1,819.25    2,881.32      4,700.57    0.00     0.00        551,393.69
   B4        277,510.00       276,606.97      909.63    1,440.66      2,350.29    0.00     0.00        275,697.34
   B5        277,510.15       276,607.12      909.63    1,440.66      2,350.29    0.00     0.00        275,697.49
 TOTALS  185,006,454.15   184,304,144.77  720,915.39  959,066.29  1,679,981.68    0.00     0.00    183,583,229.38

   AX    177,144,828.10   176,469,807.59        0.00   57,801.71     57,801.71    0.00     0.00    175,776,415.92
</TABLE>

<TABLE>
<CAPTION>
                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE

                      PRIOR                                              CURRENT        PASS-THROUGH RATES
                    PRINCIPAL                                           PRINCIPAL                CURRENT
  CLASS  CUSIP        FACTOR       PRINCIPAL   INTEREST     TOTAL        FACTOR         CLASS  PASS-THRU RATE
<S>     <C>       <C>             <C>         <C>         <C>        <C>                <C>   <C>
   A1   16162TKV7   995.75125708  4.37834752  5.18620448  9.56455199   991.37290956      A1   6.250000 %
   A2   16162TKW5 1,000.00000000  0.00000000  5.20833377  5.20833377 1,000.00000000      A2   6.250000 %
   A3   16162TKX3   996.74594197  3.27781659  5.19138516  8.46920175   993.46812538      A3   6.250000 %
   A4   16162TKY1   996.74594188  3.27781702  5.19138549  8.46920251   993.46812486      A4   6.250000 %
   AP   16162TKZ8   996.21490969  3.46901080  0.00000000  3.46901080   992.74589889      AP   0.000000 %
   AR   16162TLA2     0.00000000  0.00000000  0.00000000  0.00000000     0.00000000      AR   6.250000 %
    M   16162TLB0   996.74594077  3.27781696  5.19138610  8.46920306   993.46812382      M    6.250000 %
   B1   16162TLC8   996.74594924  3.27781571  5.19138984  8.46920556   993.46813352      B1   6.250000 %
   B2   16162TLD6   996.74593798  3.27781407  5.19138316  8.46919723   993.46812391      B2   6.250000 %
   B3   16162TMC7   996.74594924  3.27781571  5.19138984  8.46920556   993.46813352      B3   6.250000 %
   B4   16162TMD5   996.74595510  3.27782783  5.19138049  8.46920832   993.46812727      B4   6.250000 %
   B5   16162TME3   996.74595686  3.27782605  5.19137768  8.46920374   993.46813081      B5   6.250000 %
 TOTALS             996.20386552  3.89670400  5.18396125  9.08066525   992.30716152

   AX   N/A         996.18944274  0.00000000  0.32629635  0.32629635   992.27517848      AX   0.393053 %
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                   Chase Mortgage Finance Trust Series 1999-S9

                                 August 25, 1999
<TABLE>
<S>                         <C>                                                                           <C>
 Sec. 6.02(a)(iii)          Aggregate Amount of Principal Prepayments                                         114,808.07
                            Aggregate Amount of Repurchase Proceeds                                                 0.00

 Sec. 6.02(a)(iv)           Aggregate Servicer Advances                                                        44,384.60

 Sec. 6.02(a)(v)            Number of Outstanding Mortgage Loans                                                     600
                            Ending Principal Balance of Outstanding Mortgage Loans                        183,583,229.85

 Sec. 6.02(a)(vi)           Aggregate Amount of Servicing Fees                                                 48,210.89

 Sec. 6.02(a)(vii)          Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency

                                                 Group 1

                               Category   Number   Principal Balance     Percentage
                               1 Month    0        0.00                  0.00 %
                               2 Months   0        0.00                  0.00 %
                               3+Months   0        0.00                  0.00 %
                               Total      0        0.00                  0.00 %

                            Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure

                                                 Group 1

                                 Number     Principal Balance   Percentage
                                      0                  0.00       0.00 %

 Sec. 6.02(a)(viii)         Aggregate Number of REO Loans                                                              0
                            Aggregate Balance of REO Loans                                                          0.00

 Sec. 6.02(a)(ix)           Aggregate Recovered Advances for Current Period                                         0.00

 Sec. 6.02(a)(x)            Class A Percentage                                                                97.24850 %
                            Class M Percentage                                                                 1.50082 %
                            Class B Percentage                                                                 1.25068 %
                            Class A Principal Balance                                                     179,233,022.21
                            Class M Principal Balance                                                       2,766,066.67
                            Class B Principal Balance                                                       2,305,055.89
                            NON-PO Class A Percentage                                                         97.24606 %
                            NON-PO Class A Prepayment Percentage                                             100.00000 %
                            M Credit Support                                                                      1.25 %
                            B1 Credit Support                                                                     0.95 %
                            B2 Credit Support                                                                     0.60 %
                            B3 Credit Support                                                                     0.30 %
                            B4 Credit Support                                                                     0.15 %

 Sec. 6.02(a)(xi)           Current Period Realized Losses                                                          0.00
                            Cumulative Period Realized Losses                                                       0.00

 Sec. 6.02(a)(xiv)          Compensating Interest Shortfall                                                         0.00
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                  Chase Mortgage Finance Trust Series 1999-S10

                         Statement to Certificateholders

                                 August 25, 1999

<TABLE>
<CAPTION>
                                                  DISTRIBUTION IN DOLLARS

           ORIGINAL          PRIOR                                                                         CURRENT
             FACE          PRINCIPAL                                              REALIZED   DEFERRED     PRINCIPAL
  CLASS      VALUE          BALANCE        PRINCIPAL     INTEREST       TOTAL      LOSSES    INTEREST       BALANCE
<S>      <C>             <C>             <C>           <C>           <C>          <C>      <C>         <C>
   A1     71,665,000.00   71,665,000.00          0.00    403,115.63    403,115.63   0.00        0.00    71,665,000.00
   A2     15,000,000.00   15,000,000.00          0.00     84,375.00     84,375.00   0.00        0.00    15,000,000.00
   A3     21,400,000.00   21,400,000.00          0.00    120,375.00    120,375.00   0.00        0.00    21,400,000.00
   A4     50,500,000.00   50,500,000.00    258,202.03    231,458.33    489,660.36   0.00        0.00    50,241,797.97
   A5     16,987,952.00   16,987,952.00     86,857.89    161,562.50    248,420.39   0.00        0.00    16,901,094.11
   A6      6,512,048.00    6,512,048.00     33,295.53     44,062.31     77,357.84   0.00        0.00     6,478,752.47
   A7      7,785,000.00    7,785,000.00    334,451.36          0.00    334,451.36   0.00   43,790.63     7,494,339.27
   A8     22,275,000.00   22,275,000.00          0.00    111,375.00    111,375.00   0.00        0.00    22,275,000.00
   A9      7,425,000.00    7,425,000.00          0.00     55,687.50     55,687.50   0.00        0.00     7,425,000.00
   A10    57,400,000.00   57,400,000.00    246,627.51    322,875.00    569,502.51   0.00        0.00    57,153,372.49
   A11     7,500,000.00    7,500,000.00          0.00     42,187.50     42,187.50   0.00        0.00     7,500,000.00
   A12    11,700,000.00   11,700,000.00          0.00     65,812.50     65,812.50   0.00        0.00    11,700,000.00
   A13    63,300,000.00   63,300,000.00          0.00    356,062.50    356,062.50   0.00        0.00    63,300,000.00
   A14    20,000,000.00   20,000,000.00    102,258.23     91,666.67    193,924.90   0.00        0.00    19,897,741.77
   A16    80,739,000.00   80,739,000.00          0.00    437,336.25    437,336.25   0.00        0.00    80,739,000.00
   A17    37,000,000.00   37,000,000.00          0.00    200,416.67    200,416.67   0.00        0.00    37,000,000.00
   A18    17,411,000.00   17,411,000.00          0.00     94,309.58     94,309.58   0.00        0.00    17,411,000.00
   A19    77,800,000.00   77,800,000.00    653,460.66    453,833.33  1,107,293.99   0.00        0.00    77,146,539.34
   A20    33,000,000.00   33,000,000.00      9,809.39     44,364.58     54,173.97   0.00  199,375.00    33,189,565.61
   A21     3,801,200.00    3,801,200.00    277,008.61          0.00    277,008.61   0.00   22,965.58     3,547,156.97
   A22    27,200,000.00   27,200,000.00          0.00    164,333.33    164,333.33   0.00        0.00    27,200,000.00
   A23    10,503,800.00   10,503,800.00     53,180.64          0.00     53,180.64   0.00        0.00    10,450,619.36
   AP      3,344,515.00    3,344,515.00      5,370.12          0.00      5,370.12   0.00        0.00     3,339,144.88
   AR            100.00          100.00        100.00          0.56        100.56   0.00        0.00             0.00
    M     16,100,000.00   16,100,000.00     12,740.81     90,562.50    103,303.31   0.00        0.00    16,087,259.19
   B1      5,950,000.00    5,950,000.00      4,708.56     33,468.75     38,177.31   0.00        0.00     5,945,291.44
   B2      2,450,000.00    2,450,000.00      1,938.82     13,781.25     15,720.07   0.00        0.00     2,448,061.18
   B3      2,100,000.00    2,100,000.00      1,661.84     11,812.50     13,474.34   0.00        0.00     2,098,338.16
   B4      1,400,000.00    1,400,000.00      1,107.90      7,875.00      8,982.90   0.00        0.00     1,398,892.10
   B5      1,750,998.00    1,750,998.00      1,385.66      9,849.36     11,235.02   0.00        0.00     1,749,612.34
 TOTALS  700,000,613.00  700,000,613.00  2,084,165.56  3,652,559.10  5,736,724.66   0.00  266,131.21   698,182,578.65

   A15    20,000,000.00   20,000,000.00          0.00          0.00          0.00   0.00        0.00    20,000,000.00
   AX    546,040,645.12  546,040,645.12          0.00    142,169.98    142,169.98   0.00        0.00   544,623,790.23
  A20C1    5,005,555.56    5,005,555.56          0.00     28,156.25     28,156.25   0.00        0.00     5,005,555.56
  A20C2    2,682,758.62    2,682,758.62          0.00     16,208.33     16,208.33   0.00        0.00     2,682,758.62

  A20C3   33,000,000.00   33,000,000.00      9,809.39          0.00      9,809.39   0.00  199,375.00    33,189,565.61
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                  Chase Mortgage Finance Trust Series 1999-S10

                         Statement to Certificateholders

                                 August 25, 1999

<TABLE>
<CAPTION>

                FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                      PASS-THROUGH RATES
            PRIOR                                                      CURRENT             CURRENT
          PRINCIPAL                                                   PRINCIPAL    CLASS PASS-THRU
 CLASS      FACTOR        PRINCIPAL      INTEREST       TOTAL          FACTOR               RATE

<S>     <C>            <C>             <C>         <C>          <C>              <C>  <C>
   A1   1,000.00000000     0.00000000  5.62500007     5.62500007  1,000.00000000   A1    6.750000 %
   A2   1,000.00000000     0.00000000  5.62500000     5.62500000  1,000.00000000   A2    6.750000 %
   A3   1,000.00000000     0.00000000  5.62500000     5.62500000  1,000.00000000   A3    6.750000 %
   A4   1,000.00000000     5.11291149  4.58333327     9.69624475    994.88708851   A4    5.500000 %
   A5   1,000.00000000     5.11291120  9.51041656    14.62332776    994.88708880   A5   11.412500 %
   A6   1,000.00000000     5.11291225  6.76627537    11.87918762    994.88708775   A6    8.119530 %
   A7   1,000.00000000    42.96099679  0.00000000    42.96099679    962.66400385   A7    6.750000 %
   A8   1,000.00000000     0.00000000  5.00000000     5.00000000  1,000.00000000   A8    6.000000 %
   A9   1,000.00000000     0.00000000  7.50000000     7.50000000  1,000.00000000   A9    9.000000 %
   A10  1,000.00000000     4.29664652  5.62500000     9.92164652    995.70335348   A10   6.750000 %
   A11  1,000.00000000     0.00000000  5.62500000     5.62500000  1,000.00000000   A11   6.750000 %
   A12  1,000.00000000     0.00000000  5.62500000     5.62500000  1,000.00000000   A12   6.750000 %
   A13  1,000.00000000     0.00000000  5.62500000     5.62500000  1,000.00000000   A13   6.750000 %
   A14  1,000.00000000     5.11291150  4.58333350     9.69624500    994.88708850   A14   5.500000 %
   A16  1,000.00000000     0.00000000  5.41666667     5.41666667  1,000.00000000   A16   6.500000 %
   A17  1,000.00000000     0.00000000  5.41666676     5.41666676  1,000.00000000   A17   6.500000 %
   A18  1,000.00000000     0.00000000  5.41666648     5.41666648  1,000.00000000   A18   6.500000 %
   A19  1,000.00000000     8.39923728  5.83333329    14.23257057    991.60076272   A19   7.000000 %
   A20  1,000.00000000     0.29725424  1.34438121     1.64163545  1,005.74441242   A20   1.613257 %
   A21  1,000.00000000    72.87398979  0.00000000    72.87398979    933.16767600   A21   7.250000 %
   A22  1,000.00000000     0.00000000  6.04166654     6.04166654  1,000.00000000   A22   7.250000 %
   A23  1,000.00000000     5.06299054  0.00000000     5.06299054    994.93700946   A23   0.000000 %
   AP   1,000.00000000     1.60564985  0.00000000     1.60564985    998.39435015   AP    0.000000 %
   AR   1,000.00000000 1,000.00000000  5.60000000 1,005.60000000      0.00000000   AR    6.750000 %
    M   1,000.00000000     0.79135466  5.62500000     6.41635466    999.20864534    M    6.750000 %
   B1   1,000.00000000     0.79135462  5.62500000     6.41635462    999.20864538   B1    6.750000 %
   B2   1,000.00000000     0.79135510  5.62500000     6.41635510    999.20864490   B2    6.750000 %
   B3   1,000.00000000     0.79135238  5.62500000     6.41635238    999.20864762   B3    6.750000 %
   B4   1,000.00000000     0.79135714  5.62500000     6.41635714    999.20864286   B4    6.750000 %
   B5   1,000.00000000     0.79135442  5.62499786     6.41635227    999.20864558   B5    6.750000 %
 TOTALS 1,000.00000000     2.97737676  5.21793700     8.19531377    997.40281035

   A15  1,000.00000000     0.00000000  0.00000000     0.00000000  1,000.00000000   A15   0.000000 %
   AX   1,000.00000000     0.00000000  0.26036520     0.26036520    997.40522083   AX    0.312438 %
  A20C1 1,000.00000000     0.00000000  5.62500000     5.62500000  1,000.00000000   A20C1 6.750000 %
  A20C2 1,000.00000000     0.00000000  6.04166543     6.04166543  1,000.00000000   A20C2 7.250000 %

  A20C3 1,000.00000000     0.29725424  0.00000000     0.29725424  1,005.74441242   A20C3 7.250000 %
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                  Chase Mortgage Finance Trust Series 1999-S10

                                 August 25, 1999

<TABLE>
<S>                         <C>                                                                           <C>
 Sec. 6.02(a)(iii)          Aggregate Amount of Principal Prepayments                                       1,263,838.69
                            Aggregate Amount of Repurchase Proceeds                                                 0.00

 Sec. 6.02(a)(iv)           Aggregate Servicer Advances                                                       173,640.43

 Sec. 6.02(a)(v)            Number of Outstanding Mortgage Loans                                                   2,045
                            Ending Principal Balance of Outstanding Mortgage Loans                        698,182,579.03

 Sec. 6.02(a)(vi)           Aggregate Amount of Servicing Fees                                                179,258.49

 Sec. 6.02(a)(vii)          Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency

                                                 Group 1
                                   Category   Number   Principal Balance     Percentage
                                   1 Month    3        1,344,337.91          0.19 %
                                   2 Months   0        0.00                  0.00 %
                                   3+Months   0        0.00                  0.00 %
                                   Total      3        1,344,337.91          0.19 %

                            Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure

                                                 Group 1
                                 Number     Principal Balance   Percentage

                                      0                  0.00       0.00 %

 Sec. 6.02(a)(viii)         Aggregate Number of REO Loans                                                              0
                            Aggregate Balance of REO Loans                                                          0.00

 Sec. 6.02(a)(ix)           Aggregate Recovered Advances for Current Period                                         0.00

 Sec. 6.02(a)(x)            Class A Percentage                                                                95.74986 %
                            Class M Percentage                                                                 2.30000 %
                            Class B Percentage                                                                 1.95014 %
                            Class A Principal Balance                                                     670,249,615.00
                            Class M Principal Balance                                                      16,100,000.00
                            Class B Principal Balance                                                      13,650,998.00
                            NON-PO Class A Percentage                                                         95.72946 %
                            NON-PO Class A Prepayment Percentage                                             100.00000 %
                            M Credit Support                                                                      1.96 %
                            B1 Credit Support                                                                     1.11 %
                            B2 Credit Support                                                                     0.75 %
                            B3 Credit Support                                                                     0.45 %
                            B4 Credit Support                                                                     0.25 %

 Sec. 6.02(a)(xi)           Current Period Realized Losses                                                          0.00
                            Cumulative Period Realized Losses                                                       0.00

 Sec. 6.02(a)(xiv)          Compensating Interest Shortfall                                                         0.00
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

             Chase Mortgage Finance Corporation, Series 1999-AS1

                       Statement to Certificateholders

                               August 25, 1999

<TABLE>
<CAPTION>

                                          DISTRIBUTION IN DOLLARS
           ORIGINAL          PRIOR                                                                       CURRENT
             FACE          PRINCIPAL                                            REALIZED DEFERRED      PRINCIPAL
  CLASS      VALUE          BALANCE        PRINCIPAL    INTEREST      TOTAL      LOSSES  INTEREST       BALANCE
<S>      <C>             <C>             <C>          <C>          <C>          <C>      <C>       <C>
   IA1    14,654,703.00   14,244,817.61     52,576.41   77,159.43    129,735.84   0.00    0.00     14,192,241.20
  IIA1    30,250,000.00   24,608,136.83    393,709.87  133,294.07    527,003.94   0.00    0.00     24,214,426.96
  IIA2     3,087,859.00    3,087,859.00          0.00   16,725.90     16,725.90   0.00    0.00      3,087,859.00
  IIA3     1,000,000.00      830,767.08     11,809.69    4,499.99     16,309.68   0.00    0.00        818,957.39
  IIIA1   95,342,532.00   90,805,825.86    668,286.10  491,864.89  1,160,150.99   0.00    0.00     90,137,539.76
   AP         25,169.00       24,759.15         69.48        0.00         69.48   0.00    0.00         24,689.67
   AR            100.00            0.00          0.00        0.00          0.00   0.00    0.00              0.00
    M      4,786,000.00    4,757,245.71      4,986.78   25,768.41     30,755.19   0.00    0.00      4,752,258.93
   B1      2,316,000.00    2,302,085.46      2,413.16   12,469.63     14,882.79   0.00    0.00      2,299,672.30
   B2      1,235,000.00    1,227,580.13      1,286.81    6,649.39      7,936.20   0.00    0.00      1,226,293.32
   B3        618,000.00      614,287.06        643.93    3,327.39      3,971.32   0.00    0.00        613,643.13
   B4        386,000.00      383,680.90        402.19    2,078.27      2,480.46   0.00    0.00        383,278.71
   B5        694,784.72      690,610.45        723.93    3,740.81      4,464.74   0.00    0.00        689,886.52
 TOTALS  154,396,147.72  143,577,655.24  1,136,908.35  777,578.18  1,914,486.53   0.00    0.00    142,440,746.89

   AX    152,908,229.99  142,109,624.73          0.00  103,430.75    103,430.75   0.00    0.00    140,976,080.73
</TABLE>

<TABLE>
<CAPTION>

                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                         PASS-THROUGH RATES
                      PRIOR                                                CURRENT              CURRENT
                    PRINCIPAL                                            PRINCIPAL      CLASS  PASS-THRU
  CLASS  CUSIP        FACTOR       PRINCIPAL    INTEREST      TOTAL        FACTOR               RATE
<S>     <C>       <C>             <C>          <C>         <C>         <C>              <C>    <C>
   IA1  16162TER3   972.03045398   3.58768172  5.26516505   8.85284676   968.44277226    IA1   6.500000 %
  IIA1  16162TES1   813.49212661  13.01520231  4.40641554  17.42161785   800.47692430    IIA1  6.500000 %
  IIA2  16162TET9 1,000.00000000   0.00000000  5.41666572   5.41666572 1,000.00000000    IIA2  6.500000 %
  IIA3  16162TEU6   830.76708000  11.80969000  4.49999000  16.30968000   818.95739000    IIA3  6.500000 %
  IIIA1 16162TEV4   952.41676464   7.00931773  5.15892414  12.16824187   945.40744691   IIIA1  6.500000 %
   AP   16162TEW2   983.71607930   2.76053876  0.00000000   2.76053876   980.95554055     AP   0.000000 %
   AR   16162TEX0     0.00000000   0.00000000  0.00000000   0.00000000     0.00000000     AR   6.500000 %
    M   16162TEY8   993.99199958   1.04195153  5.38412244   6.42607397   992.95004806     M    6.500000 %
   B1   16162TEZ5   993.99199482   1.04195164  5.38412349   6.42607513   992.95004318     B1   6.500000 %
   B2   16162TFA9   993.99200810   1.04195142  5.38412146   6.42607287   992.95005668     B2   6.500000 %
   B3   16162TFB7   993.99200647   1.04195793  5.38412621   6.42608414   992.95004854     B3   6.500000 %
   B4   16162TFC5   993.99196891   1.04194301  5.38411917   6.42606218   992.95002591     B4   6.500000 %
   B5   16162TFD3   993.99199510   1.04194865  5.38412819   6.42607684   992.95004645     B5   6.500000 %
 TOTALS             929.93029528   7.36357977  5.03625376  12.39983353   922.56671551

   AX               929.37852161   0.00000000  0.67642370   0.67642370   921.96529081     AX   0.873390 %
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

               Chase Mortgage Finance Corporation, Series 1999-AS1

                                 August 25, 1999

<TABLE>
<S>                         <C>                                                                           <C>
 Sec. 6.02(a)(iii)          Aggregate Amount of Principal Prepayments                                         986,360.03
                            Aggregate Amount of Repurchase Proceeds                                                 0.00

                            Group 1 Amount of Principal Prepayments                                             5,657.20
                            Group 1 Amount of Repurchase Proceeds                                                   0.00

                            Group 2 Amount of Principal Prepayments                                           383,365.59
                            Group 2 Amount of Repurchase Proceeds                                                   0.00

                            Group 3 Amount of Principal Prepayments                                           597,337.24
                            Group 3 Amount of Repurchase Proceeds                                                   0.00

 Sec. 6.02(a)(iv)           Aggregate Servicer Advances                                                        46,853.21
                            Group 1 Servicer Advances                                                           4,322.08
                            Group 2 Servicer Advances                                                          14,079.33
                            Group 3 Servicer Advances                                                          28,451.80

 Sec. 6.02(a)(v)            Number of Outstanding Mortgage Loans                                                   1,192
                            Ending Principal Balance of Outstanding Mortgage Loans                        142,440,747.13

                            Group 1 Outstanding Mortgage Loans                                                       167
                            Ending Principal Balance of Group 1 Mortgage Loans                             15,206,719.34

                            Group 2 Outstanding Mortgage Loans                                                        88
                            Ending Principal Balance of Group 2 Mortgage Loans                             30,503,263.58

                            Group 3 Outstanding Mortgage Loans                                                       937
                            Ending Principal Balance of Group 3 Mortgage Loans                             96,730,764.21

 Sec. 6.02(a)(vi)           Aggregate Amount of Servicing Fees                                                 37,557.52

 Sec. 6.02(a)(vii)          Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency

                                                       Group 1
                               Category   Number   Principal Balance     Percentage
                               1 Month    0        0.00                  0.00 %
                               2 Months   0        0.00                  0.00 %
                               3+Months   0        0.00                  0.00 %
                               Total      0        0.00                  0.00 %

                                                       Group 2
                               Category   Number   Principal Balance     Percentage
                               1 Month    0        0.00                  0.00 %
                               2 Months   1        444,296.66            1.46 %
                               3+Months   0        0.00                  0.00 %
                               Total      1        444,296.66            1.46 %
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

             Chase Mortgage Finance Corporation, Series 1999-AS1

                               August 25, 1999

<TABLE>
<S>                         <C>                                                                           <C>

                                                      Group 3
                              Category   Number   Principal Balance     Percentage
                              1 Month    2        132,266.05            0.14 %
                              2 Months   0        0.00                  0.00 %
                              3+Months   0        0.00                  0.00 %
                              Total      2        132,266.05            0.14 %

                                                    Group Totals
                              Category    Number  Principal Balance     Percentage
                              1 Month     2       132,266.05            0.09 %
                              2 Months    1       444,296.66            0.31 %
                              3+ Months   0       0.00                  0.00 %
                              Total       3       576,562.71            0.40 %

                            Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure

                                                      Group 1
                                      Number     Principal Balance   Percentage
                                           0                  0.00       0.00 %

                                                      Group 2
                                      Number     Principal Balance   Percentage
                                           0                  0.00       0.00 %

                                                      Group 3
                                      Number     Principal Balance   Percentage
                                           0                  0.00       0.00 %

                                                    Group Totals
                                      Number     Principal Balance   Percentage
                                           0                  0.00       0.00 %

 Sec. 6.02(a)(viii)         Number and Aggregate Principal Amounts of REO Loans

                                                Group 1
                              Number  Principal Balance     Percentage
                              0       0.00                  0.00 %

                                                Group 2
                              Number  Principal Balance     Percentage
                              0       0.00                  0.00 %

                                                Group 3
                              Number  Principal Balance     Percentage
                              0       0.00                  0.00 %

                                              Group Totals
                              Number  Principal Balance     Percentage
                              0       0.00                  0.00 %
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

               Chase Mortgage Finance Corporation, Series 1999-AS1

                                 August 25, 1999

<TABLE>
<S>                         <C>                                                                           <C>
 Sec. 6.02(a)(ix)           Aggregate Recovered Advances for Current Period                                     9,570.79

 Sec. 6.02(a)(x)            Class A Percentage                                                                   93.05 %
                            Class M Percentage                                                                    3.31 %
                            Class B Percentage                                                                    3.63 %
                            Class A Principal Balance                                                     133,602,165.53
                            Class M Principal Balance                                                       4,757,245.71
                            Class B Principal Balance                                                       5,218,244.00
                            NON-PO Class A Percentage                                                          93.0510 %
                            NON-PO Class A Prepayment Percentage                                              100.0000 %
                            M Credit Support                                                                      3.64 %
                            B1 Credit Support                                                                     2.03 %
                            B2 Credit Support                                                                     1.18 %
                            B3 Credit Support                                                                     0.75 %
                            B4 Credit Support                                                                     0.48 %

 Sec. 6.02(a)(xi)           Current Period Realized Losses                                                          0.00
                            Group 1 Current Period Realized Losses                                                  0.00
                            Group 2 Current Period Realized Losses                                                  0.00
                            Group 3 Current Period Realized Losses                                                  0.00

                            Cumulative Period Realized Losses                                                       0.00

 Sec. 6.02(a)(xiv)          Compensating Interest Shortfall                                                         0.00
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                  Chase Mortgage Finance Trust, Series 1999-AS2

                         Statement to Certificateholders

                                 August 25, 1999

<TABLE>
<CAPTION>
                                                 DISTRIBUTION IN DOLLARS

          ORIGINAL          PRIOR                                                                      CURRENT
            FACE          PRINCIPAL                                             REALIZED DEFERRED     PRINCIPAL
  CLASS     VALUE          BALANCE        PRINCIPAL    INTEREST      TOTAL       LOSSES  INTEREST      BALANCE
<S>     <C>             <C>             <C>           <C>         <C>           <C>      <C>      <C>
   IA1   22,467,000.00   22,308,380.10    259,576.55  120,837.06    380,413.61    0.00     0.00    22,048,803.55
  IIA1    9,200,000.00    6,219,552.36  1,089,061.35   33,689.24  1,122,750.59    0.00     0.00     5,130,491.01
  IIA2   77,900,000.00   77,900,000.00          0.00  421,958.33    421,958.33    0.00     0.00    77,900,000.00
  IIA3    9,543,000.00    9,543,000.00          0.00   51,691.25     51,691.25    0.00     0.00     9,543,000.00
  IIA4   20,000,000.00   20,000,000.00          0.00  108,333.33    108,333.33    0.00     0.00    20,000,000.00
   AP        17,185.00       17,079.20         60.92        0.00         60.92    0.00     0.00        17,018.28
   AR           100.00            0.00          0.00        0.00          0.00    0.00     0.00             0.00
    M     5,250,000.00    5,238,390.57      5,933.58   28,374.62     34,308.20    0.00     0.00     5,232,456.99
   B1     2,625,000.00    2,619,195.29      2,966.79   14,187.31     17,154.10    0.00     0.00     2,616,228.50
   B2     1,200,000.00    1,197,346.42      1,356.25    6,485.63      7,841.88    0.00     0.00     1,195,990.17
   B3       675,000.00      673,507.36        762.89    3,648.16      4,411.05    0.00     0.00       672,744.47
   B4       375,000.00      374,170.75        423.83    2,026.76      2,450.59    0.00     0.00       373,746.92
   B5       751,676.40      750,014.20        849.55    4,062.58      4,912.13    0.00     0.00       749,164.65
 TOTALS 150,003,961.40  146,840,636.25  1,360,991.71  795,294.27  2,156,285.98    0.00     0.00   145,479,644.54

   AX   148,463,136.00  145,309,967.02          0.00  111,709.06    111,709.06    0.00     0.00   143,954,842.85
</TABLE>

<TABLE>
<CAPTION>

                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                             PASS-THROUGH RATES
                        PRIOR                                                 CURRENT               CURRENT
                       PRINCIPAL                                             PRINCIPAL      CLASS  PASS-THRU
  CLASS CUSIP           FACTOR        PRINCIPAL    INTEREST     TOTAL         FACTOR                RATE

<S>     <C>         <C>             <C>           <C>        <C>          <C>               <C>    <C>
   IA1  16162T KG0    992.93987181   11.55368095  5.37842436  16.93210531   981.38619086     IA1    6.500000 %
  IIA1  16162T KH8    676.03830000  118.37623370  3.66187391 122.03810761   557.66206630     IIA1   6.500000 %
  IIA2  16162T KJ4  1,000.00000000    0.00000000  5.41666662   5.41666662 1,000.00000000     IIA2   6.500000 %
  IIA3  16162T KK1  1,000.00000000    0.00000000  5.41666667   5.41666667 1,000.00000000     IIA3   6.500000 %
  IIA4  16162T KL9  1,000.00000000    0.00000000  5.41666650   5.41666650 1,000.00000000     IIA4   6.500000 %
   AP   16162T KM7    993.84346814    3.54495199  0.00000000   3.54495199   990.29851615      AP    0.000000 %
   AR   16162T KN5      0.00000000    0.00000000  0.00000000   0.00000000     0.00000000      AR    6.500000 %
    M   16162T KP0    997.78868000    1.13020571  5.40468952   6.53489524   996.65847429       M    6.500000 %
   B1   16162T KQ8    997.78868190    1.13020571  5.40468952   6.53489524   996.65847619      B1    6.500000 %
   B2   16162T KR6    997.78868333    1.13020833  5.40469167   6.53490000   996.65847500      B2    6.500000 %
   B3   16162T KS4    997.78868148    1.13020741  5.40468148   6.53488889   996.65847407      B3    6.500000 %
   B4   16162T KT2    997.78866667    1.13021333  5.40469333   6.53490667   996.65845333      B4    6.500000 %
   B5   16162T KU9    997.78867608    1.13020709  5.40469276   6.53489986   996.65846899      B5    6.500000 %
 TOTALS               978.91172259    9.07303845  5.30182178  14.37486024   969.83868414

   AX                 978.76126650    0.00000000  0.75243635   0.75243635   969.63358534      AX    0.922517 %
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                  Chase Mortgage Finance Trust, Series 1999-AS2

                                 August 25, 1999

<TABLE>
<S>                         <C>                                                                           <C>
 Sec. 6.02(a)(iii)          Aggregate Amount of Principal Prepayments                                       1,194,634.75
                            Aggregate Amount of Repurchase Proceeds                                                 0.00

                            Group 1 Amount of Principal Prepayments                                           188,573.93
                            Group 1 Amount of Repurchase Proceeds                                                   0.00

                            Group 2 Amount of Principal Prepayments                                         1,006,060.82
                            Group 2 Amount of Repurchase Proceeds                                                   0.00

 Sec. 6.02(a)(iv)           Aggregate Servicer Advances                                                        41,864.25
                            Group 1 Servicer Advances                                                           5,636.07
                            Group 2 Servicer Advances                                                          36,228.18

 Sec. 6.02(a)(v)            Number of Outstanding Mortgage Loans                                                   1,368
                            Ending Principal Balance of Outstanding Mortgage Loans                        145,479,644.99

                            Group 1 Outstanding Mortgage Loans                                                       241
                            Ending Principal Balance of Group 1 Mortgage Loans                             23,803,747.28

                            Group 2 Outstanding Mortgage Loans                                                     1,127
                            Ending Principal Balance of Group 2 Mortgage Loans                            121,675,897.71

 Sec. 6.02(a)(vi)           Aggregate Amount of Servicing Fees                                                 38,411.06

 Sec. 6.02(a)(vii)          Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency

                                                      Group 1

                              Category   Number   Principal Balance     Percentage
                              1 Month    0        0.00                  0.00 %
                              2 Months   0        0.00                  0.00 %
                              3+Months   1        395,278.58            1.66 %
                              Total      1        395,278.58            1.66 %

                                                      Group 2

                              Category   Number   Principal Balance     Percentage
                              1 Month    1        95,869.64             0.08 %
                              2 Months   1        104,253.85            0.09 %
                              3+Months   0        0.00                  0.00 %
                              Total      2        200,123.49            0.17 %

                                       Group Totals

                              Category    Number  Principal Balance     Percentage
                              1 Month     1       95,869.64             0.07 %
                              2 Months    1       104,253.85            0.07 %
                              3+ Months   1       395,278.58            0.27 %
                              Total       3       595,402.07            0.41 %
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                Chase Mortgage Finance Trust, Series 1999-AS2

                               August 25, 1999

<TABLE>
<S>                         <C>                                                                           <C>

                            Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure

                                                 Group 1
                                 Number     Principal Balance   Percentage

                                      0                  0.00       0.00 %

                                                 Group 2
                                 Number     Principal Balance   Percentage

                                      1            187,230.39       0.15 %

                                               Group Totals
                                 Number     Principal Balance   Percentage
                                      1            187,230.39       0.13 %

 Sec. 6.02(a)(viii)         Number and Aggregate Principal Amounts of REO Loans

                                                 Group 1
                               Number  Principal Balance     Percentage
                               0       0.00                  0.00 %

                                                 Group 2
                               Number  Principal Balance     Percentage
                               0       0.00                  0.00 %

                                               Group Totals
                               Number  Principal Balance     Percentage
                               0       0.00                  0.00 %

 Sec. 6.02(a)(ix)           Aggregate Recovered Advances for Current Period                                    14,146.68

 Sec. 6.02(a)(x)            Class A Percentage                                                                   92.61 %
                            Class M Percentage                                                                    3.57 %
                            Class B Percentage                                                                    3.82 %
                            Class A Principal Balance                                                     135,988,011.66
                            Class M Principal Balance                                                       5,238,390.57
                            Class B Principal Balance                                                       5,614,234.02
                            NON-PO Class A Percentage                                                          92.6084 %
                            NON-PO Class A Prepayment Percentage                                              100.0000 %
                            M Credit Support                                                                      3.82 %
                            B1 Credit Support                                                                     2.04 %
                            B2 Credit Support                                                                     1.22 %
                            B3 Credit Support                                                                     0.77 %
                            B4 Credit Support                                                                     0.51 %

 Sec. 6.02(a)(xi)           Current Period Realized Losses                                                          0.00
                            Group 1 Current Period Realized Losses                                                  0.00
                            Group 2 Current Period Realized Losses                                                  0.00

                            Cumulative Period Realized Losses                                                       0.00

 Sec. 6.02(a)(xiv)          Compensating Interest Shortfall                                                         0.00
</TABLE>

 /X/                     (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION



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