<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): April 20, 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-S7.
<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
April 20, 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>
Chase Manhattan Mortgage Corporation - Pool Summary
<TABLE>
<CAPTION>
Owner Dummy Deal Description Count Original Balance Current Balance Average Original Bal
----- ----------- ----------- ----- ---------------- --------------- --------------------
millerma 5831 May 15 yr w/locks 374 125,504,519.00 125,428,856.46 335,573.58
Gross WAC Gross Adjustments WA Gross Rate Sched. WAM Actual WAM WALTV WALA
--------- ----------------- ------------- ---------- ---------- ----- ----
6.911 .000 6.911 178.696 178.648 66.063 .136
STATE DISTRIBUTION LOAN AMORTIZATION DISTRIBUTION
------------------ ------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
State Count Balance Percent Actual Months to Maturity Count Balance Percent
- ----- ----- ------- ------- ------------------------- ----- ------- -------
CA 68 28,696,678.88 22.88 1-24 Months (1 Mo-2 Years) 1 254,000.00 .20
CT 10 3,807,750.00 3.04 25-48 Months (2-4 Years) 0 .00 .00
FL 38 11,567,196.26 9.22 49-72 Months (4-6 Years) 0 .00 .00
IL 16 5,672,955.52 4.52 73-96 Months (6-8 Years) 0 .00 .00
NJ 16 4,928,855.08 3.93 97-120 Months (8-10 Years) 7 1,370,500.00 1.09
NY 56 17,763,754.35 14.16 121-144 Months (10-12 Years) 1 310,000.00 .25
TX 24 7,711,207.09 6.15 145-168 Months (12-14 Years) 0 .00 .00
Other 146 45,280,459.28 36.10 169-192 Months (14-16 Years) 365 123,494,356.46 98.46
- ------------------------------------------------ 193-216 Months (16-18 Years) 0 .00 .00
TOTAL: 374 125,428,856.46 100.00 217-240 Months (18-20 Years) 0 .00 .00
241-264 Months (20-22 Years) 0 .00 .00
DOC TYPE DISTRIBUTION 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
Doc Type Count Balance Percent 337+ Months (28+ Years) 0 .00 .00
- ------- ----- ------- ------- -----------------------------------------------------------------
FULL 284 110,145,069.19 87.81 TOTAL: 374 125,428,856.46 100.00
NIV 90 15,283,787.27 12.19
NO RATIO 0 .00 .00
NINA 0 .00 .00 LOAN 1st PAYMENT DISTRIBUTION
ALT 0 .00 .00 -----------------------------
Other 0 .00 .00
- ------------------------------------------------ 1st Payment Date Count Balance Percent
TOTAL: 374 125,428,856.46 100.00 ---------------- ----- ------- -------
0 Months Old 338 113,032,093.54 90.12
PROPERTY TYPE DISTRIBUTION 1 Month Old 22 7,396,776.28 5.90
-------------------------- 2 Months Old 5 2,046,777.20 1.63
3 Months Old 3 991,955.23 .79
Property Type Count Balance Percent 4 Months Old 5 1,612,794.09 1.29
- ------------- ----- ------- ------- 5 Months Old 0 .00 .00
Single Family 297 100,376,329.76 80.03 6 Months Old 0 .00 .00
Multi Family 1 300,845.02 .24 7 Months Old 0 .00 .00
COOP 7 1,755,000.00 1.40 8 Months Old 0 .00 .00
PUD 43 15,495,865.94 12.35 9 Months Old 0 .00 .00
10 Months Old 1 348,460.12 .27
Condo -High Rise 0 .00 .00 11 Months Old 0 .00 .00
-Low Rise 0 .00 .00 12 Months Old 0 .00 .00
-Condotels 0 .00 .00 1-2 Years (13-24 Months Old) 0 .00 .00
-Unknown 18 4,178,715.74 3.33 2-3 Years (25-36 Months Old) 0 .00 .00
3-4 Years (37-48 Months Old) 0 .00 .00
Manufac. House 0 0 0 4-6 Years (49-72 Months Old) 0 .00 .00
Other 8 3,322,100.00 2.65 6-8 Years (73-96 Months Old) 0 .00 .00
- ------------------------------------------------ 8-10 Years (97-120 Months Old) 0 .00 .00
TOTAL: 374 125,428,856.46 100.00 10+ Years (121+ Months Old) 0 .00 .00
--------------------------------------------------------------------
OCCUPANCY DISTRIBUTION TOTAL: 374 125,428,856.46 100.00
----------------------
Occupany Count Balance Percent
- -------- ----- ------- -------
None 1 254,000.00 .20
Primary 348 117,063,583.02 93.33
Vacation 25 8,111,273.44 6.47
Investor 0 .00 .00
Other 0 .00 .00
- ------------------------------------------------
TOTAL: 374 125,428.856.46 100.00
PURPOSE DISTRIBUTION
--------------------
Purpose Count Balance Percent
- ------- ----- ------- -------
Cash Out Refl 127 41,512,767.20 33.10
Purchase 74 25,881,473.60 20.63
Rate Term Refl 173 58,034,615.66 46.27
Other 0 .00 .00
- ------------------------------------------------
TOTAL: 374 125,428,856.46 100.00
</TABLE>
<PAGE>
Chase Manhattan Mortgage Corporation - Pool Summary
<TABLE>
<CAPTION>
Owner Dummy Deal Description Count Original Balance Current Balance Average Original Bal
- ----- ---------- ----------- ----- ---------------- --------------- --------------------
<S> <C> <C> <C> <C> <C> <C>
millerma 5831 May 15 yr w/locks 374 125,504,519.00 125,428,856.46 335.573.58
LTV DISTRIBUTION ORIGINAL BALANCE DISTRIBUTION
---------------- -----------------------------
LTV Count Balance Percent Count Balance Percent
- --- ----- ------- ------- ----- ------- -------
0-50.00 65 18,313,861.95 14.60 0-50,000.00 13 512,850.00 .41
50.01-60.00 48 15,636,844.89 12.47 50,000.01-100,000.00 32 2,377,032.37 1.90
60.01-70.00 81 29,201,330.08 23.28 100,000.01-150,000.00 30 3,801,416.54 3.03
70.01-75.00 70 23,684,511.70 18.88 150,000.01-200,000.00 21 3,685,050.00 2.94
75.01-80.00 100 35,888,970.84 28.61 200,000.01-225,000.00 2 419,915.74 .33
80.01-85.00 1 300,000.00 .24 225,000.01-227,150.00 0 .00 .00
85.01-90.00 3 1,002,500.00 .80 227,150.01-350,000.00 128 38,175,913.81 30.44
90.01-95.00 6 1,400,900.00 1.12 350,000.01-400, 0OO.00 47 17,782,985.16 14.18
95.01-100.00 0 .00 .00 400,000.01-500,000.00 42 19,205,377.83 15.31
100.01+ 0 .00 .00 500,000.01-650,000.00 42 25,165,483.34 20.06
- ------------------------------------------------- 650,000.01-1,000,000.00 17 14,302,832.67 11.40
TOTAL: 374 125,428,858.46 100.00 1,000,000.01+ 0 .00 .00
---------------------------------------------------------------------
TOTAL: 374 125,428,856.46 100.00
NOTE RATE DISTRIBUTION
----------------------
Note Gross WA Gross Note Gross WA Gross
- ---- ----- -------- ---- ------ --------
Rate Adjmts Rate Cnt Balance Percent Rate Adjmts Rate Cnt Balance Percent
- ---- ------ ---- --- ------- ------- ---- ------ ---- --- ------- -------
<5.750 .0000 .0000 0 .00 .00 9.375 .0000 .0000 0 .00 .00
5.750 .0000 .0000 0 .00 .00 9.500 .0000 .0000 0 .00 .00
5.875 .0000 .0000 0 .00 .00 9.625 .0000 .0000 0 .00 .00
6.000 .0000 .0000 0 .00 .00 9.750 .0000 .0000 0 .00 .00
6.125 .OO00 .0000 0 .00 .00 9.875 .0000 .0000 0 .00 .00
6.250 .0000 6.2500 3 1,213,768.45 .97 10.000 .0000 .0000 0 .00 .00
6.375 .0000 6.3750 4 1,426,375.00 1.14 10.125 .0000 .0000 0 .00 .00
6.500 .0000 6.5000 14 5,550,200.00 4.42 10.250 .0000 .0000 0 .00 .00
6.625 .0000 6.6250 24 7,676,032.00 6.12 10.375 .0000 .0000 0 .00 .00
6.750 .0000 6.7500 63 24,245,282.73 19.33 10.500 .0000 .0000 0 .00 .00
6.875 .0000 6.8750 97 34,855,859.09 27.79 10.625 .0000 .0000 0 .00 .00
7.000 .0000 7.0000 70 24,061,757.91 19.18 10.750 .0000 .0000 0 .00 .00
7.125 .0000 7.1250 43 13,266,648.91 10.58 10.875 .0000 .0000 0 .00 .00
7.250 .0000 7.2500 21 5,220,732.37 4.16 11.000 .0000 .0000 0 .00 .00
7.375 .0000 7.3750 13 3,536,450.00 2.82 11.125 .0000 .0000 0 .00 .00
7.500 .0000 7.5000 14 3,287,200.00 2.62 11.250 .0000 .0000 0 .00 .00
7.025 .0000 7.6250 2 279,050.00 .22 11.375 .0000 .0000 0 .00 .00
7.750 .0000 7.7500 4 720,000.00 .57 11.500 .0000 .0000 0 .00 .00
7.675 .0000 7.8750 2 89,500.00 .07 11.625 .0000 .0000 0 .00 .00
8.000 .0000 .0000 0 .00 .00 11.750 .0000 .0000 0 .00 .00
8.125 .0000 .0000 0 .00 .00 11.875 .0000 .0000 0 .00 .00
8.250 .0000 .0000 0 .00 .00 12.000 .0000 .0000 0 .00 .00
8.375 .0000 .0000 0 .00 .00 12.125 .0000 .0000 0 .00 .00
8.500 .0000 .0000 0 .00 .00 12.250 .0000 .0000 0 .00 .00
8.625 .0000 .0000 0 .00 .00 12.375 .0000 .0000 0 .00 .00
8.750 .0000 .0000 0 .00 .00 12.500 .0000 .0000 0 .00 .00
8.875 .0000 .0000 0 .00 .00 12.625 .0000 .0000 0 .00 .00
9.000 .0000 .0000 0 .00 .00 12.750 .0000 .0000 0 .00 .00
9.125 .0000 .0000 0 .00 .00 12.875 .0000 .0000 0 .00 .00
9.250 .0000 .0000 0 .00 .00 >12.875 .0000 .0000 0 .00 .00
Other: WAC 0 .0000 .0000 0 .00 .00
--------------------------------------------------------------------
TOTAL: 374 125,428,856.46 100.00
</TABLE>
<PAGE>
Chase Manhattan Mortgage Corporation - Pool Summary
<TABLE>
<CAPTION>
Owner Dummy Deal Description Count Original Balance Current Balance Average Original Bal
- ----- ---------- ----------- ----- ---------------- --------------- --------------------
<S> <C> <C> <C> <C> <C> <C>
millerma 5831 May 15 yr w/locks 374 125,504,519.00 125,428,856.46 335,573.58
FICO CREDIT SCORES UNINSURED LOANS (NO MI) BY LTV
------------------ ------------------------------
FICOScore Count Balance Percent LTV Count Balance Percent
- --------- ----- ------ ------- --- ----- ------- -------
0-1/Unknown 36 12,480,348.53 9.95 <80.01 364 122,725,456.46 97.84
2 -500 1 292,500.00 .23 80.01-85.00 0 .00 .00
500.01-600 4 1,626,800.00 1.30 85.01-90.00 1 344,000.00 .27
600.01-620 3 708,100.00 .56 90.01-95.00 3 893,000.00 .71
620.01-640 21 4,739,000.00 3.78 95.01-100.00 0 .00 .00
640.01-660 33 8,880,010.12 7.08 100.01+ 0 .00 .00
660.01-680 37 13,350,055.45 10.64 ----------------------------------------------------
680.01-700 41 14,057,710.42 11.22 AGG UNINSURED 368 123,962,456.46 98.83
700.01-720 38 11,891,487.91 9.48 AGG INSURED 6 1,466,400.00 1.17
720.01-740 53 18,647,582.44 14.87 ----------------------------------------------------
740.01-760 46 17,334,988.58 13.82 TOTAL 374 125,428,856.46 100.00
760.01-780 37 13,496,482.27 10.76
780.01-800 22 7,353,875.00 5.86 INTL/DOMESTIC BORROWERS DISTRIBUTION
800.01-820 2 559,915.74 .45 ------------------------------------
820+ 0 .00 .00
- ------------------------------------------------- Int'l/Domes Count Balance Percent
TOTAL 374 125,428,856.46 100.00 ----------- ----- ------- -------
Max Score: 804 Min Score: 6 International 0 .00 .00
Wtd Avg. Score (FICO > 1): 713 Domestic 374 125,428,856.46 100.00
---------------------------------------------------
TOTAL: 374 125,428,856.46 100.00
FULL STATE DISTRIBUTION
-----------------------
State Count Balance Percent State Count Balance Percent
- ----- ----- ------- ------- ----- ----- ------- -------
AL 0 .00 .00 NC 12 3,216,250.00 2.56
AR 1 327,000.00 .26 ND 0 .00 .00
AZ 4 1,584,950.00 1.26 NE 0 .00 .00
CA 68 28,696,678.88 22.88 NH 0 .00 .00
CO 7 3,133,466.66 2.50 NJ 16 4,928,855.08 3.93
CT 10 3,807,750.00 3.04 NM 3 545,550.00 .43
DC 0 .00 .00 NV 1 280,000.00 .22
DE 0 .00 .00 NY 56 17,763,754.35 14.16
FL 38 11,567,196.26 9.22 OH 4 1,133,322.30 .90
GA 16 5,694,039.36 4.54 OK 5 1,047,682.37 .84
HI 0 .00 .00 OR 1 280,000.00 .22
IA 1 340,000.00 .27 PA 14 3,567,890.54 2.84
ID 1 262,500.00 .21 RI 0 .00 .00
IL 16 5,672,955.52 4.52 SC 1 52,000.00 .04
IN 2 1,270,200.00 1.01 SD 0 .00 .00
KS 0 .00 .00 TN 5 819,850.00 .65
KY 1 59,500.00 .05 TX 24 7,711,207.09 6.15
LA 2 712,000.00 .57 UT 3 1,356,000.00 1.08
MA 9 2,922,800.00 2.33 VA 9 2,448,332.39 1.95
MD 8 2,549,860.12 2.03 VT 0 .00 .00
ME 0 .00 .00 WA 8 3,435,200.00 2.74
MI 14 4,428,400.00 3.53 WI 1 159,900.00 .13
MN 7 1,800,700.00 1.44 WV 1 180,000.00 .14
MO 1 598,065.54 .48 WY 0 .00 .00
MS 1 285,000.00 .23 UNKNOWN 2 674,000.00 .54
MT 1 116,000.00 .09 ----------------------------------------------
TOTAL: 374 125,428.856.46 100.00
</TABLE>
