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Previous: OREGON STEEL MILLS INC, DFAN14A, 1999-02-10 |
Next: PUTNAM MASTER INTERMEDIATE INCOME TRUST, PRE 14A, 1999-02-10 |
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 10, 1999
-------------------
Chase Mortgage Finance Corporation
- -------------------------------------------------------------------------------
(Exact name of registrant specified in Charter)
Delaware 333-56081 52-1495132
- -------------------------------------------------------------------------------
(State or other (Commission (IRS Employee
jurisdiction of File Number) Identification No.)
incorporation)
343 Thornall Street
Edison, NJ 08837
- -------------------------------------------------------------------------------
(Address of principal executive offices) Zip Code
Registrant's telephone, including area code: (732) 205-0600
- -------------------------------------------------------------------------------
(Former name and former address, if changed since last report)
<PAGE>
ITEM 5. Other Events
Filing of Collateral Term Sheets
Attached as Exhibit 99.1 are Collateral Term Sheets prepared by Chase
Mortgage Finance Corporation in connection with the offering of Chase Mortgage
Finance Corporation Multi-Class Mortgage Pass Through Certificates, Series
1999-S3, which are hereby filed pursuant to such letter.
<PAGE>
ITEM 7. Financial Statements and Exhibits
(c) Exhibits
Item 601(a)
of Regulation S-K
Exhibit No. Description
- ----------------- -----------
(99.1) Collateral Term Sheets
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CHASE MORTGAGE FINANCE
CORPORATION
February 10, 1999
By: /s/ Eileen A. Lindblom
----------------------------------
Name: Eileen A. Lindblom
Title: Vice President
<PAGE>
INDEX TO EXHIBITS
Exhibit No. Description
- ----------- -----------
(99.1) Collateral Term Sheets
<PAGE>
<TABLE>
<CAPTION>
Page: 1
Current Chase Manhattan Mortgage Corporation -- Pool Summary
- -------
Owner Dummy Deal Description Count Original Balance Current Balance Average Original Bal
----- ---------- ----------- ----- ---------------- --------------- --------------------
<S> <C> <C> <C> <C> <C> <C>
millerma 5735 15 year february deal 338 105,910,486.00 105,782,394.28 313,344.63
</TABLE>
LTV DISTRIBUTION
----------------
LTV Count Balance Percent
- --- ----- ------- -------
0-50.00 49 14,950,845.58 14.13
50.01-60.00 35 11,585,994.28 10.95
60.01-70.00 78 22,444,563.59 21.22
70.01-75.00 67 23,530,835.02 22.24
75.01-80.00 102 31,775,882.20 30.04
80.01-85.00 2 592,800.00 .56
85.01-90.00 2 580,147.15 .55
90.01-95.00 3 321,326.46 .30
95.01-100.00 0 .00 .00
100.01+ 0 .00 .00
- ----------------------------------------------------------------------------
TOTAL: 338 105,782,394.28 100.00
ORIGINAL BALANCE DISTRIBUTION
-----------------------------
Count Balance Percent
----- ------- -------
0-50,000.00 11 469,505.71 .44
50,000.01-100,000.00 36 2,869,162.32 2.71
100,000.01-150,000.00 24 2,814,363.47 2.66
150,000.01-200,000.00 10 1,758,787.66 1.66
200,000.01-225,000.00 5 1,076,545.67 1.02
225,000.01-227,150.00 0 .00 .00
227,150.01-350,000.00 131 37,799,930.99 35.73
350,000.01-400,000.00 41 15,569,746.55 14.72
400,000.01-500,000.00 36 16,590,615.33 15.68
500,000.01-650,000.00 38 22,028,065.67 20.82
650,000.01-1,000,000.00 6 4,805,670.91 4.54
1,000,000.01+ 0 .00 .00
- ----------------------------------------------------------------------------
TOTAL: 338 105,782,394.28 100.00
<PAGE>
NOTE RATE DISTRIBUTION
----------------------
Note Gross WA Gross
- ---- ----- --------
Rate Adjmts Rate Cnt Balance Percent
- ---- ------ ---- --- ------- -------
Less than 5.750 .0000 .0000 0 .00 .00
5.750 .0000 .0000 0 .00 .00
5.875 .0000 .0000 0 .00 .00
6.000 .0000 .0000 0 .00 .00
6.125 .0000 .0000 0 .00 .00
6.250 .0000 6.2500 3 730,000.00 .69
6.375 .0000 6.3750 7 2,443,036.67 2.31
6.500 .0000 6.5000 15 4,015,092.39 3.80
6.625 .0000 6.6250 26 8,043,452.04 7.60
6.750 .0000 6.7500 72 24,718,310.38 23.37
6.875 .0000 6.8750 80 27,909,580.08 26.38
7.000 .0000 7.0000 56 18,752,702.29 17.73
7.125 .0000 7.1250 26 9,022,593.46 8.53
7.250 .0000 7.2500 21 4,815,518.93 4.55
7.375 .0000 7.3750 18 3,989,213.02 3.77
7.500 .0000 7.5000 8 715,623.39 .68
7.625 .0000 .0000 0 .00 .00
7.750 .0000 7.7500 4 509,750.00 .48
7.875 .0000 .0000 0 .00 .00
8.000 .0000 8.0000 2 117,521.63 .11
8.125 .0000 .0000 0 .00 .00
8.250 .0000 .0000 0 .00 .00
8.375 .0000 .0000 0 .00 .00
8.500 .0000 .0000 0 .00 .00
8.625 .0000 .0000 0 .00 .00
8.750 .0000 .0000 0 .00 .00
8.875 .0000 .0000 0 .00 .00
9.000 .0000 .0000 0 .00 .00
9.125 .0000 .0000 0 .00 .00
9.250 .0000 .0000 0 .00 .00
9.375 .0000 .0000 0 .00 .00
9.500 .0000 .0000 0 .00 .00
9.625 .0000 .0000 0 .00 .00
9.750 .0000 .0000 0 .00 .00
9.875 .0000 .0000 0 .00 .00
10.000 .0000 .0000 0 .00 .00
10.125 .0000 .0000 0 .00 .00
10.250 .0000 .0000 0 .00 .00
10.375 .0000 .0000 0 .00 .00
10.500 .0000 .0000 0 .00 .00
10.625 .0000 .0000 0 .00 .00
10.750 .0000 .0000 0 .00 .00
10.875 .0000 .0000 0 .00 .00
11.000 .0000 .0000 0 .00 .00
11.125 .0000 .0000 0 .00 .00
11.250 .0000 .0000 0 .00 .00
11.375 .0000 .0000 0 .00 .00
11.500 .0000 .0000 0 .00 .00
11.625 .0000 .0000 0 .00 .00
11.750 .0000 .0000 0 .00 .00
11.875 .0000 .0000 0 .00 .00
12.000 .0000 .0000 0 .00 .00
12.125 .0000 .0000 0 .00 .00
12.250 .0000 .0000 0 .00 .00
12.375 .0000 .0000 0 .00 .00
12.500 .0000 .0000 0 .00 .00
12.625 .0000 .0000 0 .00 .00
12.750 .0000 .0000 0 .00 .00
12.875 .0000 .0000 0 .00 .00
Greater than 12.875 .0000 .0000 0 .00 .00
Other: WAC 0 .0000 .0000 0 .00 .00
- --------------------------------------------------------------------------------
TOTAL: 338 105,782,394.28 100.00
<PAGE>
Current Page 1
LOGO Chase Manhattan Mortgage Corporation - Pool Summary
<TABLE>
<CAPTION>
Owner Dummy Deal Description Count Original Balance Current Balance Average Original Balance
- ----- ---------- ----------- ----- ---------------- --------------- ------------------------
<S> <C> <C> <C> <C> <C> <C>
millerma 5735 15 year february deal 338 105,910,486.00 105,782,394.28 313,344.63
</TABLE>
FICO CREDIT SCORES
FICOScore Count Balance Percent
- --------- ----- ------- -------
0-1/Unknown 12 3,948,336.67 3.73
2 -500 0 .00 .00
500.01 -600 4 1,598,000.00 1.51
600.01 -620 7 1,417,921.35 1.34
620.01 -640 11 1,212,939.96 1.15
640.01 -660 23 6,668,039.34 6.30
660.01 -680 41 10,858,768.01 10.27
680.01 -700 36 11,826,639.72 11.18
700.01 -720 45 14,809,008.10 14.00
720.01 -740 51 16,113,110.45 15.23
740.01 -760 44 14,902,423.84 14.09
760.01 -780 44 15,664,346.40 14.81
780.01 -800 19 6,550,860.44 6.19
800.01 -820 1 212,000.00 .20
820+ 0 .00 .00
- ----------- ------ -------------- ------
TOTAL 338 105,782,394.28 100.00
Max Score: 804 Min. Score: 506
Wtd Avg. Score (FICO greater than 1): 719
UNINSURED LOANS (NO MI) BY LTV
LTV Count Balance Percent
- --- ----- ------- -------
less than 80.01 330 103,984,834.00 98.30
80.01 - 85.00 1 248,000.00 .23
85.01 - 90.00 0 .00 .00
90.01 - 95.00 0 .00 .00
95.01 - 100.00 0 .00 .00
100.01+ 0 .00 .00
- -------------------------------------------------------------------
AGG UNINSURED 331 104,232,834.00 98.54
AGG INSURED 7 1,549,560.28 1.46
- -------------------------------------------------------------------
TOTAL 338 105,782,394.28 100.00
INTL/DOMESTIC BORROWERS DISTRIBUTION
Int'l/Domes Count Balance Percent
- ----------- ----- ------- -------
International 0 .00 .00
Domestic 338 105,782,394.28 100.00
- -------------------------------------------------------------------
TOTAL 338 105,782,394.28 100.00
<PAGE>
FULL STATE DISTRIBUTION
State Count Balance Percent
- ----- ----- ------- -------
AL 0 .00 .00
AR 0 .00 .00
AZ 6 2,043,250.00 1.93
CA 75 27,244,475.28 25.76
CO 8 2,793,949.25 2.64
CT 5 2,198,000.00 2.08
DC 0 .00 .00
DE 1 600,000.00 .57
FL 36 8,320,703.63 7.87
GA 10 2,706,742.79 2.56
HI 1 650,000.00 .61
IA 1 100,000.00 .09
ID 0 .00 .00
IL 15 4,510,078.42 4.26
IN 3 1,009,526.91 .95
KS 0 .00 .00
KY 5 1,844,706.29 1.74
LA 3 831,837.04 .78
MA 4 1,244,200.00 1.18
MD 9 2,826,748.12 2.67
ME 1 260,000.00 .25
MI 7 2,066,597.81 1.95
MN 2 574,204.19 .54
MO 0 .00 .00
MS 1 363,365.08 .34
MT 0 .00 .00
NC 6 1,088,094.55 1.03
ND 0 .00 .00
NE 0 .00 .00
NH 0 .00 .00
NJ 13 2,706,300.00 2.56
NM 2 198,250.00 .19
NV 2 1,189,000.00 1.12
NY 41 14,587,752.94 13.79
OH 8 862,840.66 .82
OK 4 811,921.92 .77
OR 5 2,040,000.00 1.93
PA 9 1,996,521.63 1.89
RI 1 290,000.00 .27
SC 4 781,000.00 .74
SD 1 375,000.00 .35
TN 4 923,660.41 .87
TX 30 10,688,270.11 10.10
UT 4 1,189,547.25 1.12
VA 3 898,700.00 .85
VT 1 301,000.00 .28
WA 5 1,965,350.00 1.86
WI 1 81,700.00 .08
WV 0 .00 .00
WY 1 619,100.00 .59
UNKNOWN 0 .00 .00
- ---------------------------------------------------------
TOTAL 338 105,782,394.28 100.00
<PAGE>
Current Page 1
- ------- ------
Chase Manhattan Mortgage Corporation - Pool Summary
<TABLE>
<CAPTION>
Owner Dummy Deal Description Count Original Balance Current Balance Average Original Balance
- ----- ---------- ----------- ----- ---------------- --------------- ------------------------
<S> <C> <C> <C> <C> <C> <C>
millerma 5735 15 year february deal 338 105,910,486.00 105,782,394.28 313,344.63
Gross WAC Gross Adjustments WA Gross Rate Sched. WAM Actual WAM WALTV WALA
--------- ----------------- ------------- ---------- ---------- ----- ----
6.886 .000 6.886 178.375 178.330 66.588 .331
</TABLE>
STATE DISTRIBUTION
------------------
State Count Balance Percent
- ----- ----- ------- -------
CA 75 27,244,475.28 25.76
CT 5 2,198,000.00 2.08
FL 36 8,320,703.63 7.87
IL 15 4,510,078.42 4.26
NJ 13 2,706,300.00 2.56
NY 41 14,587,752.94 13.79
TX 30 10,688,270.11 10.10
Other 123 35,526,813.90 33.58
- -------------------------------------------------------------------------------
TOTAL: 338 105,782,394.28 100.00
DOC TYPE DISTRIBUTION
---------------------
Doc Type Count Balance Percent
- -------- ----- ------- -------
FULL 256 91,639,635.99 86.63
NIV 82 14,142,758.29 13.37
NO RATIO 0 .00 .00
NINA 0 .00 .00
ALT 0 .00 .00
Other 0 .00 .00
- -------------------------------------------------------------------------------
TOTAL: 338 105,782,394.28 100.00
PROPERTY TYPE DISTRIBUTION
--------------------------
Property Type Count Balance Percent
- ------------- ----- ------- -------
Single Family 271 84,051,530.13 79.46
Multi Family 3 813,088.71 .77
COOP 3 667,705.48 .63
PUD 51 17,881,067.18 16.90
Condo-High Rise 0 .00 .00
-Low Rise 0 .00 .00
-Condotels 0 .00 .00
-Unknown 9 1,949,002.78 1.84
Manufac. House 0 .00 .00
Other 1 420,000.00 .40
- -------------------------------------------------------------------------------
TOTAL: 338 105,782,394.28 100.00
OCCUPANCY DISTRIBUTION
----------------------
Occupancy Count Balance Percent
- --------- ----- ------- -------
None 0 .00 .00
Primary 324 101,588,935.85 96.04
Vacation 14 4,193,458.43 3.96
Investor 0 .00 .00
Other 0 .00 .00
- -------------------------------------------------------------------------------
TOTAL: 338 105,782,394.28 100.00
PURPOSE DISTRIBUTION
--------------------
Purpose Count Balance Percent
- ------- ----- ------- -------
Cash Out Refi 124 38,034,401.65 35.96
Purchase 62 19,085,222.86 18.04
Rate Term Refi 152 48,662,769.77 46.00
Other 0 .00 .00
- -------------------------------------------------------------------------------
TOTAL: 338 105,782,394.28 100.00
<PAGE>
LOAN AMORTIZATION DISTRIBUTION
------------------------------
Actual Months to Maturity Count Balance Percent
- ------------------------- ----- ------- -------
1-24 Months (1 Mo-2 Years) 0 .00 .00
25-48 Months (2-4 Years) 0 .00 .00
49-72 Months (4-6 Years) 0 .00 .00
73-96 Months (6-8 Years) 0 .00 .00
97-120 Months (8-10 Years) 5 1,976,300.00 1.87
121-144 Months (10-12 Years) 1 304,000.00 .29
145-168 Months (12-14 Years) 0 .00 .00
169-192 Months (14-16 Years) 332 103,502,094.28 97.84
193-216 Months (16-18 Years) 0 .00 .00
217-240 Months (18-20 Years) 0 .00 .00
241-264 Months (20-22 Years) 0 .00 .00
265-288 Months (22-24 Years) 0 .00 .00
289-312 Months (24-26 Years) 0 .00 .00
313-336 Months (26-28 Years) 0 .00 .00
337+ Months (28+ Years) 0 .00 .00
- -------------------------------------------------------------------------------
TOTAL: 338 105,782,394.28 100.00
LOAN 1st PAYMENT DISTRIBUTION
-----------------------------
1st Payment Date Count Balance Percent
- ---------------- ----- ------- -------
0 Months Old 242 75,458,435.56 71.33
1 Month Old 60 18,634,458.40 17.62
2 Months Old 13 3,892,652.30 3.68
3 Months Old 14 5,170,273.91 4.89
4 Months Old 6 2,213,337.77 2.09
5 Months Old 1 70,096.12 .07
6 Months Old 0 .00 .00
7 Months Old 1 219,145.67 .21
8 Months Old 1 123,994.55 .12
9 Months Old 0 .00 .00
10 Months Old 0 .00 .00
11 Months Old 0 .00 .00
12 Months Old 0 .00 .00
1-2 Years (13-24 Months Old) 0 .00 .00
2-3 Years (25-36 Months Old) 0 .00 .00
3-4 Years (37-48 Months Old) 0 .00 .00
4-6 Years (49-72 Months Old) 0 .00 .00
6-8 Years (73-96 Months Old) 0 .00 .00
8-10 Years (97-120 Months Old) 0 .00 .00
10+ Years (121+ Months Old) 0 .00 .00
- -------------------------------------------------------------------------------
TOTAL: 338 105,782,394.28 100.00
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