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: December 28, 1998
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 12/28/98, Chase Mortgage Finance Corporation
(the "Depositor") made the distributions to holders of its Multi-Class
Pass-Through Certificates, Series 1998-S1, Series 1998-S2, Series 1998-S3,
Series 1998-S4, Series 1998-S6, Series 1998-AS1 and Series 1998-AS2 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
December 28, 1998 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: January 11, 1998
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
December 28, 1998.
<PAGE>
<TABLE>
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CHASE MORTGAGE FINANCE CORPORATION
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S1
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 28-Dec-98 PAGE # 1
RECORD DATE: 30-Nov-98
- ------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING COMPENSATING ENDING
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL REALIZED LOSS INTEREST CERTIFICATE
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION PRINCIPAL INTEREST SHORTFALLS BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 156,000,000.00 145,018,349.02 2,597,932.19 815,728.21 3,413,660.40 0.00 0.00 0.00 142,420,416.83
A-2 100,000,000.00 94,011,565.54 1,416,685.59 528,815.06 1,945,500.65 0.00 0.00 0.00 92,594,879.95
A-3 50,000,000.00 47,148,367.49 674,611.48 265,209.57 939,821.05 0.00 0.00 0.00 46,473,756.01
A-4 22,100,000.00 22,100,000.00 0.00 124,312.50 124,312.50 0.00 0.00 0.00 22,100,000.00
A-5 14,058,975.00 14,058,975.00 0.00 68,418.47 68,418.47 0.00 0.00 0.00 14,058,975.00
A-6 4,686,325.00 4,686,325.00 0.00 37,023.84 37,023.84 0.00 0.00 0.00 4,686,325.00
A-7 40,500,000.00 40,500,000.00 0.00 227,812.50 227,812.50 0.00 0.00 0.00 40,500,000.00
A-P 451,538.00 448,493.84 3,418.00 0.00 3,418.00 0.00 0.00 0.00 445,075.84
A-R 100.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
M 8,707,712.00 8,666,608.27 7,075.42 48,749.67 55,825.09 0.00 0.00 0.00 8,659,532.85
B-1 3,442,584.00 3,426,333.62 2,797.27 19,273.13 22,070.40 0.00 0.00 0.00 3,423,536.35
B-2 1,822,544.00 1,813,941.05 1,480.88 10,203.42 11,684.30 0.00 0.00 0.00 1,812,460.17
B-3 1,417,534.00 1,410,842.91 1,151.78 7,935.99 9,087.77 0.00 0.00 0.00 1,409,691.13
B-4 810,019.00 806,195.28 658.20 4,534.85 5,193.05 0.00 0.00 0.00 805,537.08
B-5 1,012,573.33 1,007,793.29 822.82 5,668.84 6,491.66 0.00 0.00 0.00 1,006,970.47
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL 405,009,905.19 385,103,790.31 4,706,633.63 2,163,686.05 6,870,319.68 0.00 0.00 0.00 380,397,156.68
- ------------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING ENDING
NOTIONAL NOTIONAL INTEREST TOTAL NOTIONAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION BALANCE
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-X 377,526,002.16 357,809,807.21 140,703.61 140,703.61 353,456,237.38
- --------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000 PASS THRU RATES
PRINCIPAL INTEREST END. CERT. PASS-THRU
CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS RATE
- ------------------------------------------------------------------------------- ----------------------------------
<S> <C> <C> <C> <C> <C>
A-1 16.65341147 5.22902699 912.95138994 A-1 6.75000000%
A-2 14.16685590 5.28815060 925.94879950 A-2 6.75000000%
A-3 13.49222960 5.30419140 929.47512020 A-3 6.75000000%
A-4 0.00000000 5.62500000 1000.00000000 A-4 6.75000000%
A-5 0.00000000 4.86653330 1000.00000000 A-5 5.83984000%
A-6 0.00000000 7.90039957 1000.00000000 A-6 9.48048000%
A-7 0.00000000 5.62500000 1000.00000000 A-7 6.75000000%
A-P 7.56968406 N/A 985.68855777 A-P N/A
A-R 0.00000000 0.00000000 0.00000000 A-R 6.75000000%
A-X N/A 0.37269912 936.24342524 A-X 0.47188291%
M 0.81254640 5.59844767 994.46707126 M 6.75000000%
B-1 0.81254953 5.59844872 994.46704859 B-1 6.75000000%
B-2 0.81253457 5.59844920 994.46716787 B-2 6.75000000%
B-3 0.81252372 5.59844773 994.46724382 B-3 6.75000000%
B-4 0.81257353 5.59844893 994.46689522 B-4 6.75000000%
B-5 0.81260288 5.59844886 994.46671186 B-5 6.75000000%
- ------------------------------------------------------------------------------- ----------------------------------
(C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
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<PAGE>
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- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 28-Dec-98 PAGE # 2
RECORD DATE: 30-Nov-98
<S> <C> <C>
SECTION 6.02 (iii) AGGREGATE PRINCIPAL PREPAYMENT AMOUNT 4,392,181.63
AGGREGATE REPURCHASE PROCEEDS AMOUNT 0.00
SECTION 6.02 (iv) AGGREGATE SERVICER ADVANCES 2,271,302.18
SECTION 6.02 (iv) NUMBER OF OUTSTANDING MORTGAGE LOANS 1,344
ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL 380,397,156.69
SECTION 6.02 (vi) SERVICING FEES 99,806.14
SECTION 6.02 (vii) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:
------------------------------------------------------------------------------------
CATEGORY COUNT AGG. PRIN. BAL.
------------------------------------------------------------------------------------
1 MONTH 21 4,934,598.98
2 MONTHS 4 1,193,108.41
3+ MONTHS 0 0.00
FORECLOSURE 0 0.00
------------------------------------------------------------------------------------
SECTION 6.02 (viii) MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE
-------------------------------------------------------------
COUNT AGG. PRIN. BAL.
-------------------------------------------------------------
0 0.00
-------------------------------------------------------------
SECTION 6.02 (ix) AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED 16,729.66
DUE PERIOD
------------------------------------------------------------------------------------
SECTION 6.02 (x) CLASS PERCENTAGE PRINCIPAL BALANCE
----------------------- ----------------------------------------
------------------------------------------------------------------------------------
CLASS A 95.55% 367,972,075.89
CLASS M 2.25% 8,666,608.27
CLASS B 2.20% 8,465,106.15
------------------------------------------------------------------------------------
NON-PO CLASS A PERCENTAGE 95.55%
NON-PO CLASS A PREPAYMENT PERCENTAGE 100.00%
CREDIT SUPPORT LEVEL
-------------------------------------------------------------
CLASS CREDIT SUPPORT
-------------------------------------------------------------
----------------------------------------
M 2.20%
B-1 1.31%
B-2 0.84%
B-3 0.47%
B-4 0.26%
-------------------------------------------------------------
SECTION 6.02 (xi) CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES 0.00
CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES 0.00
(C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
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</TABLE>
<PAGE>
<TABLE>
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CHASE MORTGAGE FINANCE CORPORATION
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S2
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 28-Dec-98 PAGE # 1
RECORD DATE: 30-Nov-98
- ------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING COMPENSATING ENDING
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL REALIZED LOSS INTEREST CERTIFICATE
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION PRINCIPAL INTEREST SHORTFALLS BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 70,900,000.00 70,900,000.00 0.00 384,041.67 384,041.67 0.00 0.00 0.00 70,900,000.00
A-2 42,347,000.00 42,347,000.00 0.00 229,379.58 229,379.58 0.00 0.00 0.00 42,347,000.00
A-3 59,497,000.00 59,497,000.00 0.00 327,233.50 327,233.50 0.00 0.00 0.00 59,497,000.00
A-5 46,300,000.00 44,940,811.02 1,064,290.51 262,154.73 1,326,445.24 0.00 0.00 0.00 43,876,520.51
A-6 CP1 13,800,000.00 13,394,885.34 317,218.34 78,136.83 395,355.17 0.00 0.00 0.00 13,077,667.00
A-6 CP2 21,900,000.00 20,872,137.76 347,968.05 121,754.14 469,722.19 0.00 0.00 0.00 20,524,169.71
A-7 7,000,000.00 916,073.54 921,417.30 0.00 921,417.30 0.00 0.00 0.00 (0.00)
A-8 500,000.00 514,754.47 0.00 0.00 0.00 0.00 0.00 0.00 517,757.20
A-9 127,600,000.00 124,269,588.51 872,419.83 724,905.93 1,597,325.76 0.00 0.00 0.00 123,397,168.68
A-10 15,600,000.00 3,649,069.84 3,670,356.08 0.00 3,670,356.08 0.00 0.00 0.00 (0.00)
A-11 7,599,000.00 7,823,238.40 11,585.99 0.00 11,585.99 0.00 0.00 0.00 7,857,287.97
A-12 985,000.00 1,014,066.29 0.00 0.00 0.00 0.00 0.00 0.00 1,019,981.68
A-13 8,937,320.00 8,052,511.27 263,859.63 N/A 263,859.63 0.00 0.00 0.00 7,788,651.64
A-14 84,278,300.00 84,278,300.00 0.00 474,065.44 474,065.44 0.00 0.00 0.00 84,278,300.00
A-P 237,974.00 236,836.49 237.30 N/A 237.30 0.00 0.00 0.00 236,599.19
A-R 100.95 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
M 11,396,000.00 11,351,835.58 9,070.72 63,854.08 72,924.80 0.00 0.00 0.00 11,342,764.86
B-1 4,505,000.00 4,487,541.18 3,585.79 25,242.42 28,828.21 0.00 0.00 0.00 4,483,955.39
B-2 2,385,000.00 2,375,757.10 1,898.36 13,363.63 15,261.99 0.00 0.00 0.00 2,373,858.74
B-3 1,855,000.00 1,847,811.08 1,476.50 10,393.94 11,870.44 0.00 0.00 0.00 1,846,334.58
B-4 1,061,000.00 1,056,888.17 844.51 5,945.00 6,789.51 0.00 0.00 0.00 1,056,043.66
B-5 1,325,030.44 1,319,895.37 1,054.66 7,424.41 8,479.07 0.00 0.00 0.00 1,318,840.71
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL 530,008,725.39 505,146,001.41 7,487,283.57 2,727,895.30 10,215,178.87 0.00 0.00 0.00 497,739,901.52
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING ENDING
NOTIONAL NOTIONAL INTEREST TOTAL NOTIONAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION BALANCE
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-4 5,516,488.89 5,516,488.89 31,030.25 31,030.25 5,516,488.89
A-X 511,626,605.16 486,851,033.30 187,288.90 187,288.90 479,462,343.63
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000
PASS THRU RATES
PRINCIPAL INTEREST END. CERT. PASS-THRU
CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS RATE
- ------------------------------------------------------------------------------- ---------------------------------
<S> <C> <C> <C> <C> <C>
A-1 0.00000000 5.41666671 1,000.00000000 A-1 6.50000000%
A-2 0.00000000 5.41666659 1,000.00000000 A-2 6.50000000%
A-3 0.00000000 5.50000000 1,000.00000000 A-3 6.60000000%
A-4 N/A 5.62500000 1,000.00000000 A-4 6.75000000%
A-5 22.98683607 5.66208920 947.65703045 A-5 7.00000000%
A-6 CP1 22.98683623 5.66208913 947.65702899 A-6 CP1 7.00000000%
A-6 CP2 15.88895205 5.55954977 937.17669909 A-6 CP2 7.00000000%
A-7 131.63104286 0.00000000 0.00000000 A-7 7.00000000%
A-8 0.00000000 0.00000000 1,035.51440000 A-8 7.00000000%
A-9 6.83714600 5.68108096 967.06245047 A-9 7.00000000%
A-10 235.27923590 0.00000000 0.00000000 A-10 7.00000000%
A-11 1.52467298 0.00000000 1,033.98973154 A-11 7.00000000%
A-12 0.00000000 0.00000000 1,035.51439594 A-12 7.00000000%
A-13 29.52335040 N/A 871.47507754 A-13 N/A
A-14 0.00000000 5.62500003 1,000.00000000 A-14 6.75000000%
A-P 0.99716776 N/A 994.22285628 A-P N/A
A-R 0.00000000 0.00000000 0.00000000 A-R 6.75000000%
A-X N/A 0.36606560 937.13332887 A-X 0.46162000%
M 0.79595648 5.60320112 995.32861179 M 6.75000000%
B-1 0.79595782 5.60320089 995.32861043 B-1 6.75000000%
B-2 0.79595807 5.60319916 995.32861216 B-2 6.75000000%
B-3 0.79595687 5.60320216 995.32861456 B-3 6.75000000%
B-4 0.79595664 5.60320452 995.32861451 B-4 6.75000000%
B-5 0.79595153 5.60319958 995.32861298 B-5 6.75000000%
- ------------------------------------------------------------------------------- ---------------------------------
(C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 28-Dec-98 PAGE # 2
RECORD DATE: 30-Nov-98
<S> <C> <C>
SECTION 6.02 (iii) AGGREGATE PRINCIPAL PREPAYMENT AMOUNT 7,002,442.96
AGGREGATE REPURCHASE PROCEEDS AMOUNT 0.00
SECTION 6.02 (iv) AGGREGATE SERVICER ADVANCES 0.00
SECTION 6.02 (iv) NUMBER OF OUTSTANDING MORTGAGE LOANS 1,686
ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL 497,739,901.52
SECTION 6.02 (vi) SERVICING FEES 129,864.78
SECTION 6.02 (vii) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:
------------------------------------------------------------------------------------
CATEGORY COUNT AGG. PRIN. BAL.
------------------------------------------------------------------------------------
1 MONTH 20 5,882,525.93
2 MONTHS 2 989,899.02
3+ MONTHS 0 0.00
FORECLOSURE 0 0.00
------------------------------------------------------------------------------------
SECTION 6.02 (viii) MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE
-------------------------------------------------------------
COUNT AGG. PRIN. BAL.
-------------------------------------------------------------
0 0.00
-------------------------------------------------------------
SECTION 6.02 (ix) AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED 0.00
DUE PERIOD
------------------------------------------------------------------------------------
SECTION 6.02 (x) CLASS PERCENTAGE PRINCIPAL BALANCE
----------------------- ----------------------------------------
------------------------------------------------------------------------------------
CLASS A 95.56% 482,706,272.93
CLASS M 2.25% 11,351,835.58
CLASS B 2.19% 11,087,892.90
------------------------------------------------------------------------------------
NON-PO CLASS A PERCENTAGE 95.55569%
NON-PO CLASS A PREPAYMENT PERCENTAGE 100.00000%
CREDIT SUPPORT LEVEL
-------------------------------------------------------------
CLASS CREDIT SUPPORT
-------------------------------------------------------------
----------------------------------------
M 2.19%
B-1 1.31%
B-2 0.84%
B-3 0.47%
B-4 0.26%
-------------------------------------------------------------
SECTION 6.02 (xi) CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES 0.00
CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES 0.00
(C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
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<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 28-Dec-98
RECORD DATE: 30-Nov-98
- ------------------------------------------------------------------------------------------------------------------------------------
BEGINNING ENDING
CERTIFICATE PRINCIPAL INTEREST TOTAL ACCRETION CERTIFICATE
CLASS BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION INTEREST BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 70,900,000.00 0.00 384,041.67 384,041.67 N/A 70,900,000.00
A-2 42,347,000.00 0.00 229,379.58 229,379.58 N/A 42,347,000.00
A-3 59,497,000.00 0.00 327,233.50 327,233.50 N/A 59,497,000.00
A-5 44,940,811.02 1,064,290.51 262,154.73 1,326,445.24 N/A 43,876,520.51
A-6 CP1 13,394,885.34 317,218.34 78,136.83 395,355.17 N/A 13,077,667.00
A-6 CP2 20,872,137.76 347,968.05 121,754.14 469,722.19 N/A 20,524,169.71
A-7 916,073.54 921,417.30 0.00 921,417.30 5,343.76 (0.00)
A-8 514,754.47 0.00 0.00 0.00 3,002.73 517,757.20
A-9 124,269,588.51 872,419.83 724,905.93 1,597,325.76 N/A 123,397,168.68
A-10 3,649,069.84 3,670,356.08 0.00 3,670,356.08 21,286.24 (0.00)
A-11 7,823,238.40 11,585.99 0.00 11,585.99 45,635.56 7,857,287.97
A-12 1,014,066.29 0.00 0.00 0.00 5,915.39 1,019,981.68
A-13 8,052,511.27 263,859.63 N/A 263,859.63 N/A 7,788,651.64
A-14 84,278,300.00 0.00 474,065.44 474,065.44 N/A 84,278,300.00
A-P 236,836.49 237.30 N/A 237.30 N/A 236,599.19
A-R 0.00 0.00 0.00 0.00 N/A 0.00
M 11,351,835.58 9,070.72 63,854.08 72,924.80 N/A 11,342,764.86
B-1 4,487,541.18 3,585.79 25,242.42 28,828.21 N/A 4,483,955.39
B-2 2,375,757.10 1,898.36 13,363.63 15,261.99 N/A 2,373,858.74
B-3 1,847,811.08 1,476.50 10,393.94 11,870.44 N/A 1,846,334.58
B-4 1,056,888.17 844.51 5,945.00 6,789.51 N/A 1,056,043.66
B-5 1,319,895.37 1,054.66 7,424.41 8,479.07 N/A 1,318,840.71
- ---------------------------------------------------------------------------------------------------------------------------------
TOTAL 505,146,001.41 7,487,283.57 2,727,895.30 10,215,178.87 81,183.68 497,739,901.52
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(C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
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</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MORTGAGE FINANCE CORPORATION
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S3
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 28-Dec-98 PAGE # 1
RECORD DATE: 30-Nov-98
- -----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING COMPENSATING ENDING
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL REALIZED LOSS INTEREST CERTIFICATE
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION PRINCIPAL INTEREST SHORTFALLS BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 61,642,000.00 58,496,432.59 980,806.88 316,855.68 1,297,662.56 0.00 0.00 0.00 57,515,625.71
A-2 7,000,000.00 7,000,000.00 0.00 37,916.67 37,916.67 0.00 0.00 0.00 7,000,000.00
A-3 94,261,000.00 89,941,424.12 1,346,869.81 487,182.71 1,834,052.52 0.00 0.00 0.00 88,594,554.31
A-4 11,300,000.00 11,300,000.00 0.00 61,208.33 61,208.33 0.00 0.00 0.00 11,300,000.00
A-5 44,896,000.00 44,155,826.02 151,597.47 239,177.39 390,774.86 0.00 0.00 0.00 44,004,228.55
A-P 551,754.00 541,624.24 1,983.72 N/A 1,983.72 0.00 0.00 0.00 539,640.52
A-R 100.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
M 2,475,575.00 2,434,761.62 8,359.13 13,188.29 21,547.42 0.00 0.00 0.00 2,426,402.49
B-1 787,683.00 774,696.94 2,659.72 4,196.28 6,856.00 0.00 0.00 0.00 772,037.22
B-2 675,156.00 664,025.10 2,279.76 3,596.80 5,876.56 0.00 0.00 0.00 661,745.34
B-3 675,156.00 664,025.10 2,279.76 3,596.80 5,876.56 0.00 0.00 0.00 661,745.34
B-4 337,578.00 332,012.55 1,139.88 1,798.40 2,938.28 0.00 0.00 0.00 330,872.67
B-5 450,295.59 442,871.83 1,520.48 2,398.89 3,919.37 0.00 0.00 0.00 441,351.35
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL 225,052,297.95 216,747,700.11 2,499,496.61 1,171,116.24 3,670,612.85 0.00 0.00 0.00 214,248,203.50
- ------------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING ENDING
NOTIONAL NOTIONAL INTEREST TOTAL NOTIONAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION BALANCE
- --------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-X 198,278,988.72 190,496,450.05 60,435.71 60,435.71 188,094,106.82
- --------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000 PASS THRU RATES
PRINCIPAL INTEREST END. CERT. PASS-THRU
CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS RATE
- ------------------------------------------------------------------------- ----------------------------------
<S> <C> <C> <C> <C> <C>
A-1 15.91134097 5.14025632 933.05904594 A-1 6.50000000%
A-2 0.00000000 5.41666714 1000.00000000 A-2 6.50000000%
A-3 14.28872821 5.16844411 939.88557633 A-3 6.50000000%
A-4 0.00000000 5.41666637 1000.00000000 A-4 6.50000000%
A-5 3.37663645 5.32736524 980.13695095 A-5 6.50000000%
A-P 3.59529790 N/A 978.04550579 A-P N/A
A-R 0.00000000 0.00000000 0.00000000 A-R 6.50000000%
A-X N/A 0.30480138 948.63357956 A-X 0.38076000%
M 3.37664179 5.32736435 980.13693384 M 6.50000000%
B-1 3.37663756 5.32737154 980.13695865 B-1 6.50000000%
B-2 3.37664184 5.32736138 980.13694613 B-2 6.50000000%
B-3 3.37664184 5.32736138 980.13694613 B-3 6.50000000%
B-4 3.37664184 5.32736138 980.13694613 B-4 6.50000000%
B-5 3.37662645 5.32736730 980.13695848 B-5 6.50000000%
- ------------------------------------------------------------------------- ----------------------------------
(C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 28-Dec-98 PAGE # 2
RECORD DATE: 30-Nov-98
<S> <C> <C>
SECTION 6.02 (iii) AGGREGATE PRINCIPAL PREPAYMENT AMOUNT 1,755,299.47
AGGREGATE REPURCHASE PROCEEDS AMOUNT 0.00
SECTION 6.02 (iv) AGGREGATE SERVICER ADVANCES 1,638,739.24
SECTION 6.02 (v) NUMBER OF OUTSTANDING MORTGAGE LOANS 770
ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL 214,248,203.50
SECTION 6.02 (vi) SERVICING FEES 57,257.37
SECTION 6.02 (vii) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:
------------------------------------------------------------------------------------
CATEGORY COUNT AGG. PRIN. BAL.
------------------------------------------------------------------------------------
1 MONTH 7 2,099,459.68
2 MONTHS 0 0.00
3+ MONTHS 0 0.00
FORECLOSURE 1 322,273.60
------------------------------------------------------------------------------------
SECTION 6.02 (viii) MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE
-------------------------------------------------------------
COUNT AGG. PRIN. BAL.
-------------------------------------------------------------
3177.52 0.00
-------------------------------------------------------------
SECTION 6.02 (ix) AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED 0.00
DUE PERIOD
------------------------------------------------------------------------------------
SECTION 6.02 (x) CLASS PERCENTAGE PRINCIPAL BALANCE
----------------------- ----------------------------------------
------------------------------------------------------------------------------------
CLASS A 97.55% 211,435,306.97
CLASS M 1.12% 2,434,761.62
CLASS B 1.33% 2,877,631.52
------------------------------------------------------------------------------------
NON-PO CLASS A PERCENTAGE 97.54%
NON-PO CLASS A PREPAYMENT PERCENTAGE 100.00%
CREDIT SUPPORT LEVEL
-------------------------------------------------------------
CLASS CREDIT SUPPORT
-------------------------------------------------------------
----------------------------------------
M 1.33%
B-1 0.97%
B-2 0.66%
B-3 0.36%
B-4 0.20%
-------------------------------------------------------------
SECTION 6.02 (xi) CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES 0.00
CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES 0.00
(C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MORTGAGE FINANCE CORPORATION
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S4
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 28-Dec-98 PAGE # 1
RECORD DATE: 30-Nov-98
- ------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING COMPENSATING ENDING
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL REALIZED LOSS INTEREST CERTIFICATE
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION PRINCIPAL INTEREST SHORTFALLS BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 25,000,000.00 25,000,000.00 0.00 136,458.33 136,458.33 0.00 0.00 0.00 25,000,000.00
A-2 25,850,000.00 25,850,000.00 0.00 140,020.83 140,020.83 0.00 0.00 0.00 25,850,000.00
A-3 66,951,000.00 66,951,000.00 0.00 365,440.88 365,440.88 0.00 0.00 0.00 66,951,000.00
A-4 61,548,000.00 61,548,000.00 0.00 335,949.50 335,949.50 0.00 0.00 0.00 61,548,000.00
A-6 8,590,000.00 8,398,011.88 294,588.29 55,986.75 350,575.04 0.00 0.00 0.00 8,103,423.59
A-7 79,810,000.00 78,026,231.42 2,737,030.45 451,901.92 3,188,932.37 0.00 0.00 0.00 75,289,200.97
A-8 15,000,000.00 14,664,747.18 514,414.94 85,544.36 599,959.30 0.00 0.00 0.00 14,150,332.24
A-9 46,000,000.00 44,971,891.29 1,577,539.16 258,588.37 1,836,127.53 0.00 0.00 0.00 43,394,352.13
A-10 CP1 31,500,000.00 30,485,882.48 420,033.04 179,104.56 599,137.60 0.00 0.00 0.00 30,065,849.44
A-10 CP2 8,500,000.00 8,310,023.40 291,501.80 48,821.39 340,323.19 0.00 0.00 0.00 8,018,521.60
A-11 CP1 31,500,000.00 30,485,882.48 420,033.04 176,564.07 596,597.11 0.00 0.00 0.00 30,065,849.44
A-11 CP2 8,500,000.00 8,310,023.41 291,501.80 48,128.89 339,630.69 0.00 0.00 0.00 8,018,521.61
A-12 19,409,000.00 2,683,209.10 2,698,861.15 0.00 2,698,861.15 0.00 0.00 0.00 0.00
A-13 1,350,000.00 1,381,776.70 0.00 0.00 0.00 0.00 0.00 0.00 1,389,837.06
A-14 9,265,280.00 8,434,108.14 341,552.68 N/A 341,552.68 0.00 0.00 0.00 8,092,555.46
A-15 87,450,000.00 87,450,000.00 0.00 491,906.25 491,906.25 0.00 0.00 0.00 87,450,000.00
A-P 403,517.00 401,991.98 391.57 N/A 391.57 0.00 0.00 0.00 401,600.41
A-R 100.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
M 11,825,000.00 11,788,644.17 9,270.93 66,311.12 75,582.05 0.00 0.00 0.00 11,779,373.24
B-1 4,675,000.00 4,660,626.76 3,665.25 26,216.03 29,881.28 0.00 0.00 0.00 4,656,961.51
B-2 2,475,000.00 2,467,390.64 1,940.43 13,879.07 15,819.50 0.00 0.00 0.00 2,465,450.21
B-3 1,925,000.00 1,919,081.62 1,509.22 10,794.83 12,304.05 0.00 0.00 0.00 1,917,572.40
B-4 1,100,000.00 1,096,618.06 862.41 6,168.48 7,030.89 0.00 0.00 0.00 1,095,755.65
B-5 1,375,121.80 1,370,894.03 1,078.11 7,711.28 8,789.39 0.00 0.00 0.00 1,369,815.92
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL 550,002,018.91 526,656,034.74 9,605,774.27 2,905,496.91 12,511,271.18 0.00 0.00 0.00 517,073,972.88
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING ENDING
NOTIONAL NOTIONAL INTEREST TOTAL NOTIONAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-5 5,505,525.93 5,505,525.93 30,968.58 30,968.58 5,505,525.93
A-X 523,531,639.82 500,285,785.92 184,347.98 184,347.98 490,730,136.64
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000 PASS THRU RATES
PRINCIPAL INTEREST END. CERT. PASS-THRU
CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS RATE\
- -------------------------------------------------------------------------------- -------------------------------
<S> <C> <C> <C> <C> <C>
A-1 0.00000000 5.45833320 1000.00000000 A-1 6.55000000%
A-2 0.00000000 5.41666654 1000.00000000 A-2 6.50000000%
A-3 0.00000000 5.45833341 1000.00000000 A-3 6.55000000%
A-4 0.00000000 5.45833333 1000.00000000 A-4 6.55000000%
A-5 N/A 5.62499939 1000.00000000 A-5 6.75000000%
A-6 34.29432945 6.51766589 943.35548196 A-6 8.00000000%
A-7 34.29432966 5.66222178 943.35548139 A-7 6.95000000%
A-8 34.29432933 5.70295733 943.35548267 A-8 7.00000000%
A-9 34.29432957 5.62148630 943.35548109 A-9 6.90000000%
A-10 CP1 34.29432957 5.62148630 943.35548109 A-10 CP1 7.05000000%
A-10 CP2 34.29432941 5.74369294 943.35548235 A-10 CP2 7.05000000%
A-11 CP1 34.29432941 5.74369294 943.35548235 A-11 CP1 6.95000000%
A-11 CP2 34.29432941 5.66222235 943.35548353 A-11 CP2 6.95000000%
A-12 39.05204544 0.00000000 0.00000000 A-12 7.00000000%
A-13 0.00000000 0.00000000 1029.50893333 A-13 7.00000000%
A-14 36.86371918 N/A 873.42805182 A-14 N/A
A-15 0.97039282 5.62500000 995.25028685 A-15 6.75000000%
A-P 0.97039282 N/A 995.25028685 A-P N/A
A-R 0.00000000 0.00000000 0.00000000 A-R 6.75000000%
A-X N/A 0.35212386 937.34571001 A-X 0.44221000%
M 0.78401099 5.60770571 996.14150021 M 6.75000000%
B-1 0.78401070 5.60770695 996.14149947 B-1 6.75000000%
B-2 0.78401212 5.60770505 996.14149899 B-2 6.75000000%
B-3 0.78401039 5.60770390 996.14150649 B-3 6.75000000%
B-4 0.78400909 5.60770909 996.14150000 B-4 6.75000000%
B-5 0.78401055 5.60770690 996.14151997 B-5 6.75000000%
- ---------------------------------------------------------------------------------------------- -------------------------------
(C) COPYRIGHT 1998, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 28-Dec-98 PAGE # 2
RECORD DATE: 30-Nov-98
<S> <C> <C>
SECTION 6.02 (iii) AGGREGATE PRINCIPAL PREPAYMENT AMOUNT 9,167,851.82
AGGREGATE REPURCHASE PROCEEDS AMOUNT 0.00
SECTION 6.02 (iv) AGGREGATE SERVICER ADVANCES 0.00
SECTION 6.02 (iv) NUMBER OF OUTSTANDING MORTGAGE LOANS 1,681
ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL 517,073,972.88
SECTION 6.02 (vi) SERVICING FEES 134,867.97
SECTION 6.02 (vii) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:
------------------------------------------------------------------------------------------
CATEGORY COUNT AGG. PRIN. BAL.
------------------------------------------------------------------------------------------
1 MONTH 9 3,357,703.30
2 MONTHS 1 181,316.28
3+ MONTHS 1 201,691.62
FORECLOSURE 0 0.00
------------------------------------------------------------------------------------------
SECTION 6.02 (viii) MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE
------------------------------------------------------------
COUNT AGG. PRIN. BAL.
------------------------------------------------------------
0 0.00
------------------------------------------------------------
SECTION 6.02 (ix) AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED 0.00
DUE PERIOD
------------------------------------------------------------------------------------------
SECTION 6.02 (x) CLASS PERCENTAGE PRINCIPAL BALANCE
------------------------------ ------------------------------
------------------------------------------------------------------------------------------
CLASS A 95.58% 503,352,779.46
CLASS M 2.24% 11,788,644.17
CLASS B 2.19% 11,514,611.11
------------------------------------------------------------------------------------------
NON-PO CLASS A PERCENTAGE 95.57186%
NON-PO CLASS A PREPAYMENT PERCENTAGE 100.00000%
CREDIT SUPPORT LEVEL
------------------------------------------------------------
------------------------------------------------------------
------------------------------
M 2.19%
B-1 1.30%
B-2 0.83%
B-3 0.47%
B-4 0.26%
------------------------------------------------------------
SECTION 6.02 (xi) CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES 0.00
CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES 0.00
(C) COPYRIGHT 1998, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 28-Dec-98
RECORD DATE: 03-Dec-98
- ------------------------------------------------------------------------------------------------------------------------------------
BEGINNING ENDING
CERTIFICATE PRINCIPAL INTEREST TOTAL ACCRETION CERTIFICATE
CLASS BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION INTEREST BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 25,000,000.00 0.00 136,458.33 136,458.33 N/A 25,000,000.00
A-2 25,850,000.00 0.00 140,020.83 140,020.83 N/A 25,850,000.00
A-3 66,951,000.00 0.00 365,440.88 365,440.88 N/A 66,951,000.00
A-4 61,548,000.00 0.00 335,949.50 335,949.50 N/A 61,548,000.00
A-6 8,398,011.88 294,588.29 55,986.75 350,575.04 N/A 8,103,423.59
A-7 78,026,231.42 2,737,030.45 451,901.92 3,188,932.37 N/A 75,289,200.97
A-8 14,664,747.18 514,414.94 85,544.36 599,959.30 N/A 14,150,332.24
A-9 44,971,891.29 1,577,539.16 258,588.37 1,836,127.53 N/A 43,394,352.13
A-10 CP1 44,971,891.29 420,033.04 179,104.56 599,137.60 N/A 44,551,858.25
A-10 CP2 8,310,023.40 291,501.80 48,821.39 340,323.19 N/A 8,018,521.60
A-11 CP1 8,310,023.40 420,033.04 176,564.07 596,597.11 N/A 7,889,990.36
A-11 CP2 8,310,023.41 291,501.80 48,128.89 339,630.69 N/A 8,018,521.61
A-12 2,683,209.10 2,698,861.15 0.00 2,698,861.15 15,652.05 0.00
A-13 1,381,776.70 0.00 0.00 0.00 8,060.36 1,389,837.06
A-14 8,434,108.14 341,552.68 N/A 341,552.68 N/A 8,092,555.46
A-15 87,450,000.00 0.00 491,906.25 491,906.25 N/A 87,450,000.00
A-P 401,991.98 391.57 N/A 391.57 N/A 401,600.41
A-R 0.00 0.00 0.00 0.00 N/A 0.00
M 11,788,644.17 9,270.93 66,311.12 75,582.05 N/A 11,779,373.24
B-1 4,660,626.76 3,665.25 26,216.03 29,881.28 N/A 4,656,961.51
B-2 2,467,390.64 1,940.43 13,879.07 15,819.50 N/A 2,465,450.21
B-3 1,919,081.62 1,509.22 10,794.83 12,304.05 N/A 1,917,572.40
B-4 1,096,618.06 862.41 6,168.48 7,030.89 N/A 1,095,755.65
B-5 1,370,894.03 1,078.11 7,711.28 8,789.39 N/A 1,369,815.92
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL 518,966,184.47 9,605,774.27 2,905,496.91 12,511,271.18 23,712.41 509,384,122.61
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
(C) COPYRIGHT 1998, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MORTGAGE FINANCE TRUST
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S6
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 28-Dec-98 PAGE # 1
RECORD DATE: 30-Nov-98
- ------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING COMPENSATING ENDING
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL REALIZED LOSS INTEREST CERTIFICATE
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION PRINCIPAL INTEREST SHORTFALLS BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 76,508,000.00 75,249,833.53 1,339,612.66 423,280.31 1,762,892.97 0.00 0.00 0.00 73,910,220.87
A-2 75,000,000.00 73,793,651.02 1,284,440.82 415,089.29 1,699,530.11 0.00 0.00 0.00 72,509,210.20
A-3 155,000,000.00 152,865,600.22 2,272,568.08 859,869.00 3,132,437.08 0.00 0.00 0.00 150,593,032.14
A-4 150,000,000.00 148,139,078.58 1,981,386.38 833,282.32 2,814,668.70 0.00 0.00 0.00 146,157,692.20
A-5 12,605,000.00 12,605,000.00 0.00 70,903.13 70,903.13 0.00 0.00 0.00 12,605,000.00
A-6 7,242,000.00 7,242,000.00 0.00 37,718.75 37,718.75 0.00 0.00 0.00 7,242,000.00
A-7 17,324,112.00 17,324,112.00 0.00 90,229.75 90,229.75 0.00 0.00 0.00 17,324,112.00
A-8 7,018,888.00 7,018,888.00 0.00 31,233.12 31,233.12 0.00 0.00 0.00 7,018,888.00
A-10 12,836,000.00 12,595,642.18 152,577.51 70,850.49 223,428.00 0.00 0.00 0.00 12,443,064.67
A-11 17,127,529.00 17,061,005.83 53,076.48 78,762.70 131,839.18 0.00 0.00 0.00 17,007,929.35
A-12 4,440,471.00 4,423,224.25 13,760.57 42,086.10 55,846.67 0.00 0.00 0.00 4,409,463.68
A-13 5,736,656.00 5,164,436.26 715,317.22 26,336.60 741,653.82 0.00 0.00 0.00 4,449,119.04
A-14 1,062,344.00 956,377.35 132,466.19 8,092.98 140,559.17 0.00 0.00 0.00 823,911.16
A-15 26,373,750.00 26,373,750.00 0.00 128,348.73 128,348.73 0.00 0.00 0.00 26,373,750.00
A-16 8,791,250.00 8,791,250.00 0.00 69,454.39 69,454.39 0.00 0.00 0.00 8,791,250.00
A-17 67,500,000.00 67,500,000.00 0.00 379,687.50 379,687.50 0.00 0.00 0.00 67,500,000.00
A-P 1,786,904.00 1,781,325.22 7,247.92 N/A 7,247.92 0.00 0.00 0.00 1,774,077.30
A-R 100.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
M 14,513,400.00 14,490,708.62 11,480.69 81,510.24 92,990.93 0.00 0.00 0.00 14,479,227.93
B-1 5,737,800.00 5,728,829.07 4,538.83 32,224.66 36,763.49 0.00 0.00 0.00 5,724,290.24
B-2 3,037,700.00 3,032,950.62 2,402.95 17,060.35 19,463.30 0.00 0.00 0.00 3,030,547.67
B-3 2,362,700.00 2,359,005.97 1,868.99 13,269.41 15,138.40 0.00 0.00 0.00 2,357,136.98
B-4 1,350,000.00 1,347,889.31 1,067.91 7,581.88 8,649.79 0.00 0.00 0.00 1,346,821.40
B-5 1,687,709.89 1,685,071.20 1,335.05 9,478.53 10,813.58 0.00 0.00 0.00 1,683,736.15
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL 675,042,313.90 667,529,629.23 7,975,148.25 3,726,350.23 11,701,498.48 0.00 0.00 0.00 659,554,480.98
- ------------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING ENDING
NOTIONAL NOTIONAL INTEREST TOTAL NOTIONAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION BALANCE
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-9 7,018,888.00 7,018,888.00 18,484.01 18,484.01 7,018,888.00
A-X 586,060,663.88 578,771,351.80 164,865.98 164,865.98 571,533,482.77
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000 PASS THRU RATES
PRINCIPAL INTEREST END. CERT. PASS-THRU
CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS RATE
- -------------------------------------------------------------------------------- -------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 17.50944555 5.53249739 966.04565366 A-1 6.75000000%
A-2 17.12587760 5.53452387 966.78946933 A-2 6.75000000%
A-3 14.66172955 5.54754194 971.56794929 A-3 6.75000000%
A-4 13.20924253 5.55521547 974.38461467 A-4 6.75000000%
A-5 0.00000000 5.62500040 1000.00000000 A-5 6.75000000%
A-6 0.00000000 5.20833333 1000.00000000 A-6 6.25000000%
A-7 0.00000000 5.20833333 1000.00000000 A-7 6.25000000%
A-8 0.00000000 4.44986727 1000.00000000 A-8 5.33984000%
A-9 N/A 2.63346701 1000.00000000 A-9 3.16016000%
A-10 11.88668666 5.51967046 969.38802353 A-10 6.75000000%
A-11 3.09889885 4.59860264 993.01711006 A-11 5.53984000%
A-12 3.09889874 9.47784593 993.01711012 A-12 11.41776146%
A-13 124.69236782 4.59093242 775.55967100 A-13 6.11953000%
A-14 124.69236895 7.61804086 775.55966805 A-14 10.15453944%
A-15 0.00000000 4.86653320 1000.00000000 A-15 5.83984000%
A-16 0.00000000 7.90039983 1000.00000000 A-16 9.48048000%
A-17 0.00000000 5.62500000 1000.00000000 A-17 6.75000000%
A-P 4.05613284 N/A 992.82183038 A-P N/A
A-R 0.00000000 0.00000000 0.00000000 A-R 6.75000000%
A-X N/A 0.28131214 975.21215464 A-X 0.34183000%
M 0.79104069 5.61620571 997.64548142 M 6.75000000%
B-1 0.79104012 5.61620482 997.64548085 B-1 6.75000000%
B-2 0.79104257 5.61620634 997.64547849 B-2 6.75000000%
B-3 0.79103991 5.61620604 997.64548186 B-3 6.75000000%
B-4 0.79104444 5.61620741 997.64548148 B-4 6.75000000%
B-5 0.79104235 5.61620813 997.64548396 B-5 6.75000000%
- -------------------------------------------------------------------------------- -------------------------------------
(C) COPYRIGHT 1998, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 28-Dec-98 PAGE # 2
RECORD DATE: 30-Nov-98
<S> <C> <C>
SECTION 6.02 (iii) AGGREGATE PRINCIPAL PREPAYMENT AMOUNT 7,446,111.32
AGGREGATE REPURCHASE PROCEEDS AMOUNT 0.00
SECTION 6.02 (iv) AGGREGATE SERVICER ADVANCES 0.00
SECTION 6.02 (iv) NUMBER OF OUTSTANDING MORTGAGE LOANS 1,958
ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL 659,554,480.98
SECTION 6.02 (vi) SERVICING FEES 170,942.97
SECTION 6.02 (vii) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:
------------------------------------------------------------------------------------
CATEGORY COUNT AGG. PRIN. BAL.
------------------------------------------------------------------------------------
1 MONTH 20 6,489,580.87
2 MONTHS 1 377,025.84
3+ MONTHS 0 0.00
FORECLOSURE 0 0.00
------------------------------------------------------------------------------------
SECTION 6.02 (viii) MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE
----------------------------------------------------
COUNT AGG. PRIN. BAL.
----------------------------------------------------
0 0.00
----------------------------------------------------
SECTION 6.02 (ix) AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED 23,347.97
DUE PERIOD
-----------------------------------------------------------------------------------
SECTION 6.02 (x) CLASS PERCENTAGE PRINCIPAL BALANCE
------------------------------ --------------------------
-----------------------------------------------------------------------------------
CLASS A 95.71% 638,885,174.44
CLASS M 2.17% 14,490,708.62
CLASS B 2.12% 14,153,746.17
-----------------------------------------------------------------------------------
NON-PO CLASS A PERCENTAGE 95.69740%
NON-PO CLASS A PREPAYMENT PERCENTAGE 100.00000%
CREDIT SUPPORT LEVEL
-------------------------------------------------
-------------------------------------------------
----------------------
M 2.12%
B-1 1.26%
B-2 0.81%
B-3 0.45%
B-4 0.25%
-------------------------------------------------
SECTION 6.02 (xi) CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES 0.00
CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES 0.00
(C) COPYRIGHT 1998, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MORTGAGE FINANCE TRUST
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S7
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 28-Dec-98 PAGE # 1
RECORD DATE: 30-Nov-98
- ------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING COMPENSATING ENDING
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL REALIZED LOSS INTEREST CERTIFICATE
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION PRINCIPAL INTEREST SHORTFALLS BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
IA-1 199,844,084.00 199,844,084.00 1,698,898.14 1,040,854.60 2,739,752.74 0.00 0.00 0.00 198,145,185.86
IA-2 96,827,043.00 96,827,043.00 891,493.08 496,238.60 1,387,731.68 0.00 0.00 0.00 95,935,549.92
IA-3 12,756,054.00 12,756,054.00 0.00 66,437.78 66,437.78 0.00 0.00 0.00 12,756,054.00
IA-4 38,270,162.00 38,270,162.00 0.00 199,323.76 199,323.76 0.00 0.00 0.00 38,270,162.00
IA-5 5,677,336.00 5,677,336.00 0.00 29,569.46 29,569.46 0.00 0.00 0.00 5,677,336.00
IA-6 1,169,260.00 1,169,260.00 0.00 6,333.49 6,333.49 0.00 0.00 0.00 1,169,260.00
IA-8 3,242,599.00 3,242,599.00 0.00 16,888.54 16,888.54 0.00 0.00 0.00 3,242,599.00
IA-9 1,145,715.00 1,145,715.00 0.00 5,967.27 5,967.27 0.00 0.00 0.00 1,145,715.00
IA-10 1,000,000.00 1,000,000.00 10,416.67 5,208.33 15,625.00 0.00 0.00 0.00 989,583.33
IA-11 5,000,000.00 5,000,000.00 0.00 26,041.67 26,041.67 0.00 0.00 0.00 5,000,000.00
IA-12 2,000,000.00 2,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 2,010,416.67
IA-13 940,000.00 940,000.00 0.00 4,895.83 4,895.83 0.00 0.00 0.00 940,000.00
IA-14 3,000,000.00 3,000,000.00 0.00 20,000.00 20,000.00 0.00 0.00 0.00 3,000,000.00
IA-15 1,000,000.00 1,000,000.00 0.00 6,666.67 6,666.67 0.00 0.00 0.00 1,000,000.00
IA-16 2,256,015.00 2,256,015.00 0.00 11,468.08 11,468.08 0.00 0.00 0.00 2,256,015.00
IA-17 584,894.00 584,894.00 0.00 4,512.04 4,512.04 0.00 0.00 0.00 584,894.00
IA-18 568,182.00 568,182.00 0.00 N/A 0.00 0.00 0.00 0.00 568,182.00
IA-19 2,840,909.00 2,840,909.00 0.00 16,571.97 16,571.97 0.00 0.00 0.00 2,840,909.00
IA-20 530,000.00 530,000.00 0.00 2,650.00 2,650.00 0.00 0.00 0.00 530,000.00
IA-21 530,000.00 530,000.00 0.00 2,870.83 2,870.83 0.00 0.00 0.00 530,000.00
IA-22 1,175,000.00 1,175,000.00 0.00 5,875.00 5,875.00 0.00 0.00 0.00 1,175,000.00
IA-23 1,175,000.00 1,175,000.00 0.00 6,364.58 6,364.58 0.00 0.00 0.00 1,175,000.00
IA-24 1,169,261.00 1,169,261.00 0.00 5,846.31 5,846.31 0.00 0.00 0.00 1,169,261.00
IIA-1 57,566,233.00 57,566,233.00 199,938.05 287,831.17 487,769.22 0.00 0.00 0.00 57,366,294.95
A-R 100.00 100.00 100.00 0.52 100.52 0.00 0.00 0.00 0.00
M 9,885,909.00 9,885,909.00 11,038.86 51,219.82 62,258.68 0.00 0.00 0.00 9,874,870.14
B-1 3,908,382.00 3,908,382.00 4,364.20 20,249.69 24,613.89 0.00 0.00 0.00 3,904,017.80
B-2 2,069,143.00 2,069,143.00 2,310.46 10,720.42 13,030.88 0.00 0.00 0.00 2,066,832.54
B-3 1,379,429.00 1,379,429.00 1,540.31 7,146.95 8,687.26 0.00 0.00 0.00 1,377,888.69
B-4 1,149,525.00 1,149,525.00 1,283.59 5,955.80 7,239.39 0.00 0.00 0.00 1,148,241.41
B-5 1,149,528.44 1,149,528.44 1,283.59 5,955.81 7,239.40 0.00 0.00 0.00 1,148,244.85
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL 459,809,763.44 459,809,763.44 2,822,666.95 2,369,664.99 5,192,331.94 0.00 0.00 0.00 456,997,513.16
- ------------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING ENDING
NOTIONAL NOTIONAL INTEREST TOTAL NOTIONAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION BALANCE
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
IA-7 1,549,232.00 1,549,232.00 8,068.92 8,068.92 1,534,968.80
IA-X 399,688,370.34 399,688,370.34 231,012.14 231,012.14 397,084,317.39
IIA-X 60,121,393.10 60,121,393.10 34,998.51 34,998.51 59,913,195.76
- -------------------------------------------------------------------------------------------------------------------------------
TOTAL 461,358,995.44 461,358,995.44 274,079.57 274,079.57 458,532,481.95
- -------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
(C) COPYRIGHT 1998, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 28-Dec-98 PAGE # 2
RECORD DATE: 30-Nov-98
FACTOR INFORMATION PER $1,000 PASS THRU RATES
PRINCIPAL INTEREST END. CERT. PASS-THRU
CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS RATE
- ---------------------------------------------------------------------- -------------------------------
<S> <C> <C> <C> <C> <C> <C>
IA-1 8.50111800 5.20833331 991.49888200 IA-1 6.250000%
IA-2 9.20706708 5.12500005 990.79293292 IA-2 6.150000%
IA-3 0.00000000 5.20833324 1000.00000000 IA-3 6.250000%
IA-4 0.00000000 5.20833332 1000.00000000 IA-4 6.250000%
IA-5 0.00000000 5.20833363 1000.00000000 IA-5 6.250000%
IA-6 0.00000000 5.41666524 1000.00000000 IA-6 6.500000%
IA-7 N/A 5.20833548 990.79337292 IA-7 6.250000%
IA-8 0.00000000 5.20833443 1000.00000000 IA-8 6.250000%
IA-9 0.00000000 5.20833715 1000.00000000 IA-9 6.250000%
IA-10 10.41667000 5.20833000 989.58333000 IA-10 6.250000%
IA-11 0.00000000 5.20833400 1000.00000000 IA-11 6.250000%
IA-12 0.00000000 0.00000000 1005.20833500 IA-12 6.250000%
IA-13 0.00000000 5.20832979 1000.00000000 IA-13 6.250000%
IA-14 0.00000000 6.66666667 1000.00000000 IA-14 8.000000%
IA-15 0.00000000 6.66667000 1000.00000000 IA-15 8.000000%
IA-16 0.00000000 5.08333500 1000.00000000 IA-16 6.100000%
IA-17 0.00000000 7.71428669 1000.00000000 IA-17 9.257140%
IA-18 0.00000000 N/A 1000.00000000 IA-18 N/A
IA-19 0.00000000 5.83333363 1000.00000000 IA-19 7.000000%
IA-20 0.00000000 5.00000000 1000.00000000 IA-20 6.000000%
IA-21 0.00000000 5.41666038 1000.00000000 IA-21 6.500000%
IA-22 0.00000000 5.00000000 1000.00000000 IA-22 6.000000%
IA-23 0.00000000 5.41666383 1000.00000000 IA-23 6.500000%
IA-24 0.00000000 5.00000428 1000.00000000 IA-24 6.000000%
IA-X N/A 0.57798064 993.48479179 IA-X 0.693576%
IIA-1 3.47318279 5.00000009 996.52681721 IIA-1 6.000000%
IIA-X N/A 0.58213072 996.53705064 IIA-X 0.698556%
A-R 1000.00000000 5.20000000 0.00000000 A-R 6.250000%
M 1.11662569 5.18109362 998.88337431 M 6.217312%
B-1 1.11662575 5.18109284 998.88337425 B-1 6.217312%
B-2 1.11662655 5.18109188 998.88337345 B-2 6.217312%
B-3 1.11662869 5.18109305 998.88337131 B-3 6.217312%
B-4 1.11662643 5.18109654 998.88337357 B-4 6.217312%
B-5 1.11662309 5.18108973 998.88337357 B-5 6.217312%
- ---------------------------------------------------------------------- --------------------------------
(C) COPYRIGHT 1998, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 28-Dec-98 PAGE # 3
RECORD DATE: 30-Nov-98
SECTION 6.02 (iii) AGGREGATE PRINCIPAL PREPAYMENT AMOUNT 2,298,814.76
AGGREGATE REPURCHASE PROCEEDS AMOUNT 0.00
SECTION 6.02 (iv) AGGREGATE SERVICER ADVANCES 0.00
SECTION 6.02 (v) NUMBER OF OUTSTANDING MORTGAGE LOANS 1,339
ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL 456,997,513.15
SECTION 6.02 (vi) CMMC SERVICING FEES 19,567.76
PNC SERVICING FEES 85,373.05
SECTION 6.02 (vii) CERTIFICATE ADMINISTRATION FEES 7,663.49
SECTION 6.02 (viii) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:
-------------------------------------------------------------------------------------
CATEGORY COUNT AGG. PRIN. BAL.
-------------------------------------------------------------------------------------
1 MONTH 0 0.00
2 MONTHS 0 0.00
3+ MONTHS 0 0.00
FORECLOSURE 0 0.00
-------------------------------------------------------------------------------------
SECTION 6.02 (ix) MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE
------------------------------------------------------------
COUNT AGG. PRIN. BAL.
------------------------------------------------------------
0 0.00
------------------------------------------------------------
SECTION 6.02 (x) AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED 0.00
DUE PERIOD
-------------------------------------------------------------------------------------
SECTION 6.02 (xi) CLASS PERCENTAGE PRINCIPAL BALANCE
------------------------- -----------------------------------
-------------------------------------------------------------------------------------
CLASS A 95.75% 440,267,847.00
CLASS M 2.15% 9,885,909.00
CLASS B 2.10% 9,656,007.44
-------------------------------------------------------------------------------------
CREDIT SUPPORT LEVEL
------------------------------------------------------------
CLASS CREDIT SUPPORT
------------------------------------------------------------
-----------------------------------
M 2.10%
B-1 1.25%
B-2 0.80%
B-3 0.50%
B-4 0.25%
------------------------------------------------------------
SECTION 6.02 (xii) CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES 0.00
CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES 0.00
(C) COPYRIGHT 1998, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MORTGAGE FINANCE CORPORATION
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-AS1
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 25-Nov-98 PAGE # 1
RECORD DATE: 31-Oct-98
- ------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING COMPENSATING ENDING
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL REALIZED LOSS INTEREST CERTIFICATE
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION PRINCIPAL INTEREST SHORTFALLS BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
IA-1 40,980,752.00 37,502,672.38 1,344,756.72 210,952.53 1,555,709.25 0.00 0.00 0.00 36,157,915.66
IA-2 14,725,947.00 14,725,947.00 0.00 82,833.45 82,833.45 0.00 0.00 0.00 14,725,947.00
IA-3 16,250,000.00 16,250,000.00 0.00 91,406.25 91,406.25 0.00 0.00 0.00 16,250,000.00
IA-4 12,240,000.00 12,240,000.00 0.00 68,850.00 68,850.00 0.00 0.00 0.00 12,240,000.00
IA-5 16,100,000.00 16,100,000.00 0.00 90,562.50 90,562.50 0.00 0.00 0.00 16,100,000.00
IA-6 9,034,036.00 9,034,036.00 0.00 50,816.45 50,816.45 0.00 0.00 0.00 9,034,036.00
IA-7 10,000,000.00 10,000,000.00 0.00 56,250.00 56,250.00 0.00 0.00 0.00 10,000,000.00
IA-8 5,599,985.00 5,599,985.00 0.00 31,499.92 31,499.92 0.00 0.00 0.00 5,599,985.00
IA-9 25,993,201.00 24,663,308.58 514,171.65 138,731.11 652,902.76 0.00 0.00 0.00 24,149,136.93
A-R 100.85 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A-P 3,123.00 3,105.15 7.90 N/A 7.90 0.00 0.00 0.00 3,097.25
IIA-1 12,262,215.00 11,800,108.02 117,485.09 66,375.61 183,860.70 0.00 0.00 0.00 11,682,622.93
M 5,512,562.00 5,497,674.80 5,090.35 30,924.42 36,014.77 0.00 0.00 0.00 5,492,584.45
B-1 2,537,528.00 2,530,675.16 2,343.18 14,235.05 16,578.23 0.00 0.00 0.00 2,528,331.98
B-2 1,662,518.00 1,658,028.21 1,535.18 9,326.41 10,861.59 0.00 0.00 0.00 1,656,493.03
B-3 875,009.00 872,645.96 807.99 4,908.63 5,716.62 0.00 0.00 0.00 871,837.97
B-4 437,504.00 436,322.48 403.99 2,454.31 2,858.30 0.00 0.00 0.00 435,918.49
B-5 787,514.84 785,388.08 727.20 4,417.81 5,145.01 0.00 0.00 0.00 784,660.88
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL 175,001,995.69 169,699,896.82 1,987,329.25 954,544.45 2,941,873.70 0.00 0.00 0.00 167,712,567.57
- ------------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING ENDING
NOTIONAL NOTIONAL INTEREST TOTAL NOTIONAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION BALANCE
- --------------------------------------------------------------------------------------------------------------------------
IA-X 161,621,229.80 156,790,268.16 116,283.10 116,283.10 154,923,694.51
IIA-X 13,050,781.79 12,581,531.94 7,301.55 7,301.55 12,461,610.44
- --------------------------------------------------------------------------------------------------------------------------
TOTAL 174,672,011.59 169,371,800.10 123,584.65 123,584.65 167,385,304.95
- --------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000 PASS THRU RATES
PRINCIPAL INTEREST END. CERT. PASS-THRU
CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS RATE
- ------------------------------------------------------------------------------- -------------------------------
IA-1 32.81434953 5.14760027 882.31459637 IA-1 6.750000%
IA-2 0.00000000 5.62499987 1000.00000000 IA-2 6.750000%
IA-3 0.00000000 5.62500000 1000.00000000 IA-3 6.750000%
IA-4 0.00000000 5.62500000 1000.00000000 IA-4 6.750000%
IA-5 0.00000000 5.62500000 1000.00000000 IA-5 6.750000%
IA-6 0.00000000 5.62499972 1000.00000000 IA-6 6.750000%
IA-7 0.00000000 5.62500000 1000.00000000 IA-7 6.750000%
IA-8 0.00000000 5.62500078 1000.00000000 IA-8 6.750000%
IA-9 19.78100543 5.33720760 929.05590697 IA-9 6.750000%
IA-X N/A 0.71947912 958.56029992 IA-X N/A
A-P 2.52961896 N/A 991.75472302 A-P N/A
IIA-1 9.58106590 5.41301959 952.73349309 IIA-1 6.750000%
IIA-X N/A 0.55947223 954.85547460 IIA-X N/A
A-R 0.00000000 0.00000000 0.00000000 A-R 6.750000%
M 0.92340912 5.60980901 996.37599541 M 6.750000%
B-1 0.92341050 5.60981002 996.37599270 B-1 6.750000%
B-2 0.92340654 5.60980994 996.37599713 B-2 6.750000%
B-3 0.92340764 5.60980516 996.37600299 B-3 6.750000%
B-4 0.92339727 5.60980014 996.37601028 B-4 6.750000%
B-5 0.92341117 5.60981175 996.37599210 B-5 6.750000%
- ------------------------------------------------------------------------------- -------------------------------
(C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 25-Nov-98 PAGE # 2
RECORD DATE: 31-Oct-98
SECTION 6.02 (iii) AGGREGATE PRINCIPAL PREPAYMENT AMOUNT 1,830,200.57
AGGREGATE REPURCHASE PROCEEDS AMOUNT 0.00
SECTION 6.02 (iv) AGGREGATE SERVICER ADVANCES 976,521.87
SECTION 6.02 (v) NUMBER OF OUTSTANDING MORTGAGE LOANS 1,444
ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL 167,712,567.72
SECTION 6.02 (vi) SERVICING FEES 44,390.63
SECTION 6.02 (vii) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:
------------------------------------------------------------------------------------
CATEGORY COUNT AGG. PRIN. BAL.
------------------------------------------------------------------------------------
1 MONTH 22 2,511,743.50
2 MONTHS 0 0.00
3+ MONTHS 0 0.00
FORECLOSURE 1 81,305.66
------------------------------------------------------------------------------------
SECTION 6.02 (viii) MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE
-------------------------------------------------------------
COUNT AGG. PRIN. BAL.
-------------------------------------------------------------
0 0.00
-------------------------------------------------------------
SECTION 6.02 (ix) AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED 13,091.78
DUE PERIOD
------------------------------------------------------------------------------------
SECTION 6.02 (x) CLASS PERCENTAGE PRINCIPAL BALANCE
----------------------- ----------------------------------------
------------------------------------------------------------------------------------
CLASS A 93.06% 157,919,162.13
CLASS M 3.24% 5,497,674.80
CLASS B 3.70% 6,283,059.89
------------------------------------------------------------------------------------
NON-PO CLASS A PERCENTAGE 93.05777%
NON-PO CLASS A PREPAYMENT PERCENTAGE 100.00000%
CREDIT SUPPORT LEVEL
-------------------------------------------------------------
CLASS CREDIT SUPPORT
-------------------------------------------------------------
----------------------------------------
M 3.70%
B-1 2.21%
B-2 1.23%
B-3 0.72%
B-4 0.46%
-------------------------------------------------------------
SECTION 6.02 (xi) CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES 0.00
CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES 0.00
(C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MORTGAGE FINANCE TRUST
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-AS2
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 28-Dec-98 PAGE # 1
RECORD DATE: 30-Nov-98
- ------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING COMPENSATING ENDING
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL REALIZED LOSS INTEREST CERTIFICATE
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION PRINCIPAL INTEREST SHORTFALLS BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
IA-1 22,617,491.00 22,362,037.60 380,566.93 125,786.46 506,353.39 0.00 0.00 0.00 21,981,470.67
IIA-1 158,553,358.00 156,130,683.27 1,451,150.03 910,762.32 2,361,912.35 0.00 0.00 0.00 154,679,533.24
IIA-2 5,872,347.00 5,782,618.30 53,746.30 N/A 53,746.30 0.00 0.00 0.00 5,728,872.00
IIIA-1 55,404,303.00 51,139,812.56 771,553.40 287,661.45 1,059,214.85 0.00 0.00 0.00 50,368,259.16
IIIA-2 1,000,000.00 1,000,000.00 0.00 5,625.00 5,625.00 0.00 0.00 0.00 1,000,000.00
IIIA-3 6,250,000.00 6,250,000.00 0.00 35,156.25 35,156.25 0.00 0.00 0.00 6,250,000.00
A-P 64,974.00 64,657.77 165.26 N/A 165.26 0.00 0.00 0.00 64,492.51
A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
M 6,625,002.00 6,612,049.01 6,598.82 37,192.78 43,791.60 0.00 0.00 0.00 6,605,450.19
B-1 3,577,501.00 3,570,506.39 3,563.36 20,084.10 23,647.46 0.00 0.00 0.00 3,566,943.03
B-2 2,120,001.00 2,115,856.04 2,111.62 11,901.69 14,013.31 0.00 0.00 0.00 2,113,744.42
B-3 1,060,000.00 1,057,927.53 1,055.81 5,950.84 7,006.65 0.00 0.00 0.00 1,056,871.72
B-4 662,500.00 661,204.70 659.88 3,719.28 4,379.16 0.00 0.00 0.00 660,544.82
B-5 1,192,501.21 1,190,169.67 1,187.79 6,694.70 7,882.49 0.00 0.00 0.00 1,188,981.88
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL 265,000,078.21 257,937,522.84 2,672,359.20 1,450,534.87 4,122,894.07 0.00 0.00 0.00 255,265,163.64
- ------------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING ENDING
NOTIONAL NOTIONAL INTEREST TOTAL NOTIONAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION BALANCE
- --------------------------------------------------------------------------------------------------------------------------
A-X 258,987,588.61 251,952,280.53 148,568.72 148,568.72 249,294,308.02
- --------------------------------------------------------------------------------------------------------------------------
TOTAL 258,987,588.61 251,952,280.53 148,568.72 148,568.72 249,294,308.02
- --------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000 PASS THRU RATES
PRINCIPAL INTEREST END. CERT. PASS-THRU
CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS RATE
- ------------------------------------------------------------------------------- --------------------------------
IA-1 16.82622224 5.56146833 971.87927122 IA-1 6.750000%
IIA-1 9.15243958 5.74420076 975.56769022 IIA-1 7.000000%
IIA-2 9.15243939 N/A 975.56769040 IIA-2 N/A
IIIA-1 13.92587504 5.19204167 909.10374164 IIIA-1 6.750000%
IIIA-2 0.00000000 5.62500000 1000.00000000 IIIA-2 6.750000%
IIIA-3 0.00000000 5.62500000 1000.00000000 IIIA-3 6.750000%
A-X N/A 0.57365189 962.57241267 A-X 0.707644%
A-P 2.54347893 N/A 992.58949734 A-P N/A
A-R 0.00000000 0.00000000 0.00000000 A-R 6.750000%
M 0.99604800 5.61400283 997.04878429 M 6.750000%
B-1 0.99604724 5.61400262 997.04878629 B-1 6.750000%
B-2 0.99604670 5.61400207 997.04878441 B-2 6.750000%
B-3 0.99604717 5.61400000 997.04879245 B-3 6.750000%
B-4 0.99604528 5.61400755 997.04878491 B-4 6.750000%
B-5 0.99604930 5.61399850 997.04878287 B-5 6.750000%
- ------------------------------------------------------------------------------- --------------------------------
(C) COPYRIGHT 1998, THE CHASE MANHATTAN BANK
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<PAGE>
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DISTRIBUTION DATE: 28-Dec-98 PAGE # 2
RECORD DATE: 30-Nov-98
SECTION 6.02 (iii) AGGREGATE PRINCIPAL PREPAYMENT AMOUNT 2,414,864.27
AGGREGATE REPURCHASE PROCEEDS AMOUNT 0.00
SECTION 6.02 (iv) AGGREGATE SERVICER ADVANCES 1,508,661.61
SECTION 6.02 (v) NUMBER OF OUTSTANDING MORTGAGE LOANS 2,038
ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL 255,265,163.64
SECTION 6.02 (vi) SERVICING FEES 66,719.87
SECTION 6.02 (vii) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:
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CATEGORY COUNT AGG. PRIN. BAL.
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1 MONTH 25 3,746,819.99
2 MONTHS 5 593,085.26
3+ MONTHS 0 0.00
FORECLOSURE 0 0.00
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SECTION 6.02 (viii) MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE
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COUNT AGG. PRIN. BAL.
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0 0.00
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SECTION 6.02 (ix) AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED 10,261.15
DUE PERIOD
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SECTION 6.02 (x) CLASS PERCENTAGE PRINCIPAL BALANCE
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CLASS A 94.10% 242,729,809.50
CLASS M 2.56% 6,612,049.01
CLASS B 3.33% 8,595,664.33
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NON-PO CLASS A PERCENTAGE 94.10263%
NON-PO CLASS A PREPAYMENT PERCENTAGE 100.00000%
CREDIT SUPPORT LEVEL
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CLASS CREDIT SUPPORT
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M 3.33%
B-1 1.95%
B-2 1.13%
B-3 0.72%
B-4 0.46%
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SECTION 6.02 (xi) CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES 0.00
CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES 0.00
(C) COPYRIGHT 1998, THE CHASE MANHATTAN BANK
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