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: February 25, 1999
CHASE MORTGAGE FINANCE CORPORATION
--------------------------------------------------
(Exact Name of Registrant)
DELAWARE 33-92950 52-1495132
-------------- ------------- ------------------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
343 Thornall Street, Edison NJ 08837 32256
----------------------------------------------------
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 2/25/99, Chase Mortgage Finance Corporation
(the "Depositor") made the distributions to holders of its Multi-Class
Pass-Through Certificates, Series 1999-S1 and 1999-AS1 as contemplated by each
Series' respective Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement"), in each case, among the Depositor, The Chase Mortgage Finance
Corporation, as Servicer and Citibank, N.A. as Trustee.
Copies of the Certificateholders' Reports with respect to such
distributions delivered pursuant to Section 6.02 of the respective Pooling and
Servicing Agreement 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
February 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: April 9, 1999
THE CHASE MANHATTAN BANK,
as Paying Agent, on behalf of
Chase Mortgage Finance Corp.
By: /s/ Andrew Cooper
-------------------
Name: Andrew Cooper
Title: Trust Officer
<PAGE>
INDEX TO EXHIBITS
-----------------
Exhibit No. Description
----------- -----------
20.1 Monthly Reports with respect to the
distribution to Certificateholders on
February 25, 1999.
<PAGE>
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Chase Mortgage Finance Corporation, Series 1999-S1
Statement to Certificateholders
February 25, 1999
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<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION IN DOLLARS
- -----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 33,921,000.00 33,921,000.00 172,431.75 0.00 172,431.75 0.00 0.00 33,921,000.00
A2 25,000,000.00 25,000,000.00 122,916.67 0.00 122,916.67 0.00 0.00 25,000,000.00
A3 10,000,000.00 10,000,000.00 50,416.67 0.00 50,416.67 0.00 0.00 10,000,000.00
A4 37,285,000.00 37,285,000.00 192,639.17 0.00 192,639.17 0.00 0.00 37,285,000.00
A6 89,193,000.00 89,193,000.00 483,128.75 486,045.05 969,173.80 0.00 0.00 88,706,954.95
A7 18,242,000.00 18,242,000.00 0.00 75,570.59 75,570.59 0.00 98,810.83 18,265,240.24
A8 63,600,000.00 63,600,000.00 344,500.00 0.00 344,500.00 0.00 0.00 63,600,000.00
A9 56,234,000.00 56,234,000.00 304,600.83 105,515.52 410,116.35 0.00 0.00 56,128,484.48
A10 3,513,000.00 3,513,000.00 19,028.75 0.00 19,028.75 0.00 0.00 3,513,000.00
A11 5,000,000.00 5,000,000.00 29,166.67 0.00 29,166.67 0.00 0.00 5,000,000.00
A12 5,000,000.00 5,000,000.00 27,083.33 0.00 27,083.33 0.00 0.00 5,000,000.00
A13 11,522,200.00 11,522,200.00 64,812.38 0.00 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 8,437.50 0.00 8,437.50 0.00 0.00 1,500,000.00
A16 3,500,000.00 3,500,000.00 19,687.50 0.00 19,687.50 0.00 0.00 3,500,000.00
A17 3,300,000.00 3,300,000.00 18,562.50 0.00 18,562.50 0.00 0.00 3,300,000.00
A18 3,000,000.00 3,000,000.00 16,250.00 0.00 16,250.00 0.00 0.00 3,000,000.00
A19 2,000,000.00 2,000,000.00 13,333.33 0.00 13,333.33 0.00 0.00 2,000,000.00
A20 6,000,000.00 6,000,000.00 35,000.00 0.00 35,000.00 0.00 0.00 6,000,000.00
A21 885,000.00 885,000.00 4,978.13 0.00 4,978.13 0.00 0.00 885,000.00
A22 1,000,000.00 1,000,000.00 5,416.67 0.00 5,416.67 0.00 0.00 1,000,000.00
A23 1,000,000.00 1,000,000.00 0.00 0.00 0.00 0.00 5,416.67 1,005,416.67
AP 661,605.00 661,605.00 0.00 671.54 671.54 0.00 0.00 660,933.46
AR 100.00 100.00 1.64 100.00 101.64 0.00 0.00 0.00
M 8,600,000.00 8,600,000.00 46,583.33 7,000.30 53,583.63 0.00 0.00 8,592,999.70
B1 3,600,000.00 3,600,000.00 19,500.00 2,930.36 22,430.36 0.00 0.00 3,597,069.64
B2 1,600,000.00 1,600,000.00 8,666.67 1,302.38 9,969.05 0.00 0.00 1,598,697.62
B3 1,400,000.00 1,400,000.00 7,583.33 1,139.58 8,722.91 0.00 0.00 1,398,860.42
B4 800,000.00 800,000.00 4,333.33 651.19 4,984.52 0.00 0.00 799,348.81
B5 1,000,424.92 1,000,424.92 5,418.97 814.33 6,233.30 0.00 0.00 999,610.59
- -----------------------------------------------------------------------------------------------------------------------------------
TOTALS 400,000,129.92 400,000,129.92 2,024,477.87 681,740.84 2,706,218.71 0.00 104,227.50 399,422,616.58
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
A5 6,808,292.00 6,808,292.00 36,878.25 0.00 36,878.25 0.00 0.00 6,808,292.00
AX 361,515,966.00 361,515,966.00 113,885.43 0.00 113,885.43 0.00 0.00 360,978,341.86
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
|x| (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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<PAGE>
- --------------------------------------------------------------------------------
Chase Mortgage Finance Corporation, Series 1999-S1
Statement to Certificateholders
February 25, 1999
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------- -------------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
- ---------------------------------------------------------------------------------------------- -------------------------
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL PASS-THRU
CLASS FACTOR INTEREST PRINCIPAL TOTAL FACTOR CLASS RATE
- ---------------------------------------------------------------------------------------------- -------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A1 1,000.0000000 5.083333 0.000000 5.083333 1,000.0000000 A1 6.100000%
A2 1,000.0000000 4.916667 0.000000 4.916667 1,000.0000000 A2 5.900000%
A3 1,000.0000000 5.041667 0.000000 5.041667 1,000.0000000 A3 6.050000%
A4 1,000.0000000 5.166667 0.000000 5.166667 1,000.0000000 A4 6.200000%
A6 1,000.0000000 5.416667 5.449363 10.866030 994.5506368 A6 6.500000%
A7 1,000.0000000 0.000000 4.142670 4.142670 1,001.2739963 A7 6.500000%
A8 1,000.0000000 5.416667 0.000000 5.416667 1,000.0000000 A8 6.500000%
A9 1,000.0000000 5.416667 1.876365 7.293032 998.1236348 A9 6.500000%
A10 1,000.0000000 5.416667 0.000000 5.416667 1,000.0000000 A10 6.500000%
A11 1,000.0000000 5.833334 0.000000 5.833334 1,000.0000000 A11 7.000000%
A12 1,000.0000000 5.416666 0.000000 5.416666 1,000.0000000 A12 6.500000%
A13 1,000.0000000 5.625000 0.000000 5.625000 1,000.0000000 A13 6.750000%
A14 1,000.0000000 0.000000 0.000000 0.000000 1,000.0000000 A14 0.000000%
A15 1,000.0000000 5.625000 0.000000 5.625000 1,000.0000000 A15 6.750000%
A16 1,000.0000000 5.625000 0.000000 5.625000 1,000.0000000 A16 6.750000%
A17 1,000.0000000 5.625000 0.000000 5.625000 1,000.0000000 A17 6.750000%
A18 1,000.0000000 5.416667 0.000000 5.416667 1,000.0000000 A18 6.500000%
A19 1,000.0000000 6.666665 0.000000 6.666665 1,000.0000000 A19 8.000000%
A20 1,000.0000000 5.833333 0.000000 5.833333 1,000.0000000 A20 7.000000%
A21 1,000.0000000 5.625006 0.000000 5.625006 1,000.0000000 A21 6.750000%
A22 1,000.0000000 5.416670 0.000000 5.416670 1,000.0000000 A22 6.500000%
A23 1,000.0000000 0.000000 0.000000 0.000000 1,005.4166700 A23 6.500000%
AP 1,000.0000000 0.000000 1.015017 1.015017 998.9849835 AP 0.000000%
AR 1,000.0000000 16.400000 1,000.000000 1,016.400000 0.0000000 AR 6.500000%
M 1,000.0000000 5.416666 0.813988 6.230655 999.1860116 M 6.500000%
B1 1,000.0000000 5.416667 0.813989 6.230656 999.1860111 B1 6.500000%
B2 1,000.0000000 5.416669 0.813988 6.230656 999.1860125 B2 6.500000%
B3 1,000.0000000 5.416664 0.813986 6.230650 999.1860143 B3 6.500000%
B4 1,000.0000000 5.416663 0.813988 6.230650 999.1860125 B4 6.500000%
B5 1,000.0000000 5.416668 0.813984 6.230652 999.1860159 B5 6.500000%
- ---------------------------------------------------------------------------------------------- ------------------------
TOTALS 1,000.0000000 5.061193 1.704352 6.765545 998.5562171
- ---------------------------------------------------------------------------------------------- ------------------------
- ---------------------------------------------------------------------------------------------- ------------------------
A5 1,000.00 5.416667 0.000000 5.416667 1,000.00 A5 6.500000%
AX 1,000.00 0.315022 0.000000 0.315022 998.51 AX 0.378026%
- ---------------------------------------------------------------------------------------------- -------------------------
</TABLE>
|x| (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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<PAGE>
- --------------------------------------------------------------------------------
Chase Mortgage Finance Corporation, Series 1999-S1
February 25, 1999
- --------------------------------------------------------------------------------
STATEMENT TO CERTIFICATEHOLDERS
Sec. 6.02(a)(iii) Aggregate Amount of Principal Prepayments 251,865.70
Aggregate Amount of Repurchase Proceeds 0.00
Sec. 6.02(a)(iv): Aggregate Servicer Advances 2,240,873.72
Sec. 6.02(a)(v): Number of Outstanding Mortgage Loans 1,264.00
Ending Principal Balance of
Outstanding Mortgage Loans 399,422,617.11
Sec. 6.02(a)(vi): Aggregate Amount of Servicing Fees 102,833.37
Sec. 6.02(a)(vii):
Number and Aggregate Principal Balances of Delinquent Mortgage Loans
- --------------------------------------------------------------------------------
Group Totals
- --------------------------------------------------------------------------------
Period Number Principal Balance Percentage
- --------------------------------------------------------------------------------
31-60 days 0 0.00 0.00%
- --------------------------------------------------------------------------------
61-90 days 0 0.00 0.00%
- --------------------------------------------------------------------------------
91+ days 0 0.00 0.00%
- --------------------------------------------------------------------------------
Total 0 0.00 0.00%
- --------------------------------------------------------------------------------
Aggregate Principal Balance of Mortgage
Loans Acquired Through Foreclosure 0.00
-----------------------------------------------
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 0.00
Sec. 6.02(a)(x): Class A Percentage 95.75%
Class A Principal Balance 382,999,705.00
Class M Percentage 2.15%
Class M Principal Balance 8,600,000.00
Class B Percentage 2.10%
Class B Principal Balance 8,400,424.92
NON-PO Class A Percentage 95.74%
NON-PO Class A Prepayment Percentage 100.00%
M Credit Support 2.11%
B1 Credit Support 1.21%
B2 Credit Support 0.80%
B3 Credit Support 0.45%
B4 Credit Support 0.25%
Sec. 6.02(a)(xi): Aggregate Cummulative Losses Since Cut-Off 0.00
Sec. 6.02(a)(xiv): Compensating Interest Shortfall 0.00
|x| (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
<TABLE>
- --------------------------------------------------------------------------------
Chase Mortgage Finance Corporation, Series 1999-AS1
Statement to Certificateholders
February 25, 1999
- --------------------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION IN DOLLARS
- ------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
IA1 14,654,703.00 14,654,703.00 79,379.64 51,392.86 130,772.50 0.00 0.00 14,603,310.14
IIA1 30,250,000.00 30,250,000.00 163,854.17 1,744,875.64 1,908,729.81 0.00 0.00 28,505,124.36
IIA2 3,087,859.00 3,087,859.00 16,725.90 0.00 16,725.90 0.00 0.00 3,087,859.00
IIA3 1,000,000.00 1,000,000.00 5,416.67 52,339.16 57,755.83 0.00 0.00 947,660.84
IIIA1 95,342,532.00 95,342,532.00 516,438.72 213,972.94 730,411.66 0.00 0.00 95,128,559.06
AP 25,169.00 25,169.00 0.00 67.72 67.72 0.00 0.00 25,101.28
AR 100.00 100.00 0.58 100.00 100.58 0.00 0.00 0.00
M 4,786,000.00 4,786,000.00 25,924.17 4,626.27 30,550.44 0.00 0.00 4,781,373.73
B1 2,316,000.00 2,316,000.00 12,545.00 2,238.70 14,783.70 0.00 0.00 2,313,761.30
B2 1,235,000.00 1,235,000.00 6,689.58 1,193.78 7,883.36 0.00 0.00 1,233,806.22
B3 618,000.00 618,000.00 3,347.50 597.37 3,944.87 0.00 0.00 617,402.63
B4 386,000.00 386,000.00 2,090.83 373.12 2,463.95 0.00 0.00 385,626.88
B5 694,784.72 694,784.72 3,763.42 671.60 4,435.02 0.00 0.00 694,113.12
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS 154,396,147.72 154,396,147.72 836,176.18 2,072,449.16 2,908,625.34 0.00 0.00 152,323,698.56
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
AX 152,908,229.99 152,908,229.99 113,348.94 0.00 113,348.94 0.00 0.00 150,839,085.56
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------- ---------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
- ------------------------------------------------------------------------------------------------- ---------------------
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL CLASS PASS-THRU
CLASS CUSIP FACTOR INTEREST PRINCIPAL TOTAL FACTOR RATE
- ------------------------------------------------------------------------------------------------- ---------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
IA1 16162TER3 1,000.0000000 5.416667 3.506919 8.923586 996.4930808 IA1 6.500000%
IIA1 16162TES1 1,000.0000000 5.416667 57.681839 63.098506 942.3181607 IIA1 6.500000%
IIA2 16162TET9 1,000.0000000 5.416666 0.000000 5.416666 1,000.0000000 IIA2 6.500000%
IIA3 16162TEU6 1,000.0000000 5.416670 52.339160 57.755830 947.6608400 IIA3 6.500000%
IIIA1 16162TEV4 1,000.0000000 5.416667 2.244255 7.660922 997.7557451 IIIA1 6.500000%
AP 16162TEW2 1,000.0000000 0.000000 2.690611 2.690611 997.3093885 AP 0.000000%
AR 16162TEW2 1,000.0000000 5.800000 1,000.000000 1,005.800000 0.0000000 AR 6.500000%
M 16162TEX0 1,000.0000000 5.416667 0.966626 6.383293 999.0333744 M 6.500000%
B1 16162TEY8 1,000.0000000 5.416667 0.966623 6.383290 999.0333765 B1 6.500000%
B2 16162TEZ5 1,000.0000000 5.416664 0.966623 6.383287 999.0333765 B2 6.500000%
B3 16162TFA9 1,000.0000000 5.416667 0.966618 6.383285 999.0333819 B3 6.500000%
B4 16162TFC5 1,000.0000000 5.416658 0.966632 6.383290 999.0333679 B4 6.500000%
B5 16162TFD3 1,000.0000000 5.416671 0.966630 6.383301 999.0333696 B5 6.500000%
- ------------------------------------------------------------------------------------------------- ---------------------
TOTALS 1,000.0000000 5.415784 13.422933 18.838717 986.5770669
- -------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------- ---------------------
AX N/A 1,000.00 0.741287 0.000000 0.741287 986.47 AX 0.889545%
- ------------------------------------------------------------------------------------------------- ---------------------
</TABLE>
|X| (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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<PAGE>
- --------------------------------------------------------------------------------
Chase Mortgage Finance Corporation, Series 1999-AS1
February 25, 1999
- --------------------------------------------------------------------------------
<TABLE>
<S> <C> <C>
Sec. 6.02(a)(iii) Aggregate Amount of Principal Prepayments 1,923,163.61
Aggregate Amount of Repurchase Proceeds 0.00
Group 1 Amount of Principal Prepayments 5,923.02
Group 1 Amount of Repurchase Proceeds 0.00
Group 2 Amount of Principal Prepayments 1,772,248.32
Group 2 Amount of Repurchase Proceeds 0.00
Group 3 Amount of Principal Prepayments 144,992.27
Group 3 Amount of Repurchase Proceeds 0.00
Sec. 6.02(a)(iv) Aggregate Servicer Advances 940,295.37
Group 1 Servicer Advances 121,258.36
Group 2 Servicer Advances 224,563.19
Group 3 Servicer Advances 594,473.82
Sec. 6.02(a)(v) Number of Outstanding Mortgage Loans 1,244
Ending Principal Balance of Outstanding Mortgage Loans 152,323,698.81
Group 1 Outstanding Mortgage Loans 169
Ending Principal Balance of Group 1 Mortgage Loans 15,638,393.00
Group 2 Outstanding Mortgage Loans 100
Ending Principal Balance of Group 2 Mortgage Loans 34,932,849.87
Group 3 Outstanding Mortgage Loans 975
Ending Principal Balance of Group 3 Mortgage Loans 101,752,455.94
Sec. 6.02(a)(vi) Aggregate Amount of Servicing Fees 40,387.46
Sec. 6.02(a)(vii) Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency
- --------------------------------------------------------------------------------
Group 1
- --------------------------------------------------------------------------------
Period Number Principal Balance Percentage
- --------------------------------------------------------------------------------
31-60 days 0 0.00 0.00 %
- --------------------------------------------------------------------------------
61-90 days 0 0.00 0.00 %
- --------------------------------------------------------------------------------
91+ days 0 0.00 0.00 %
- --------------------------------------------------------------------------------
Total 0 0.00 0.00 %
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Group 2
- --------------------------------------------------------------------------------
Period Number Principal Balance Percentage
- --------------------------------------------------------------------------------
31-60 days 0 0.00 0.00 %
- --------------------------------------------------------------------------------
61-90 days 0 0.00 0.00 %
- --------------------------------------------------------------------------------
91+ days 0 0.00 0.00 %
- --------------------------------------------------------------------------------
Total 0 0.00 0.00 %
- --------------------------------------------------------------------------------
</TABLE>
|X| (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Chase Mortgage Finance Corporation, Series 1999-AS1
February 25, 1999
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Group 3
- --------------------------------------------------------------------------------
Period Number Principal Balance Percentage
- --------------------------------------------------------------------------------
31-60 days 0 0.00 0.00%
- --------------------------------------------------------------------------------
61-90 days 0 0.00 0.00%
- --------------------------------------------------------------------------------
91+ days 0 0.00 0.00%
- --------------------------------------------------------------------------------
Total 0 0.00 0.00%
- --------------------------------------------------------------------------------
|X| (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Chase Mortgage Finance Corporation, Series 1999-AS1
February 25, 1999
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Group Totals
- --------------------------------------------------------------------------------
Period Number Principal Balance Percentage
- --------------------------------------------------------------------------------
31-60 days 0 0.00 0.00%
- --------------------------------------------------------------------------------
61-90 days 0 0.00 0.00%
- --------------------------------------------------------------------------------
91+ days 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%
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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%
- --------------------------------------------------------------------------------
|X| (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Chase Mortgage Finance Corporation, Series 1999-AS1
February 25, 1999
- --------------------------------------------------------------------------------
Sec. 6.02(a)(ix) Aggregate Recovered Advances for Current Period 0.00
Sec. 6.02(a)(x) Class A Percentage 93.49998%
Class M Percentage 3.09982%
Class B Percentage 3.40020%
Class A Principal Balance 144,360,363.00
Class M Principal Balance 4,786,000.00
Class B Principal Balance 5,249,784.72
NON-PO Class A Percentage 93.49892%
NON-PO Class A Prepayment Percentage 100.00000%
M Credit Support 3.40%
B1 Credit Support 1.90%
B2 Credit Support 1.10%
B3 Credit Support 0.70%
B4 Credit Support 0.45%
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
|X| (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
- --------------------------------------------------------------------------------
