SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 16, 1999
Chase Mortgage Finance Corporation
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(Exact name of registrant specified in Charter)
Delaware 333-76801 52-1495132
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
343 Thornall Street
Edison, NJ 08837
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(Address of principal executive offices) Zip Code
Registrant's telephone, including area code: (732) 205-0600
- --------------------------------------------------------------------------------
(Former name and former address, if changed since last report)
<PAGE>
ITEM 5. Other Events
------------
Filing of Collateral Term Sheets
--------------------------------
Attached as Exhibit 99.1 are Collateral Term Sheets prepared by Chase
Mortgage Finance Corporation in connection with the offering of Chase Mortgage
Finance Corporation Multi-Class Mortgage Pass-Through Certificates, Series
1999-S9.
<PAGE>
ITEM 7. Financial Statements and Exhibits
---------------------------------
(c) Exhibits
Item 601(a)
of Regulation S-K
Exhibit No. Description
- ----------- -----------
(99.1) Collateral Term Sheets
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CHASE MORTGAGE FINANCE
CORPORATION
June 16, 1999
By: /s/ Eileen A. Lindblom
------------------------------
Name: Eileen A. Lindblom
Title: Vice President
<PAGE>
INDEX TO EXHIBITS
Exhibit No. Description
(99.1) Collateral Term Sheets
<PAGE>
Chase Manhattan Mortgage Corporation - Pool Summary
<TABLE>
<CAPTION>
Owner Deal Description Count Original Balance Current Balance Average Original Bal
----- ---- ----------- ----- ---------------- --------------- --------------------
millerma 1303 1999-S9 15 year for June 654 201,189,037.00 200,716,210.73 307,628.50
Gross WAC Gross Adjustments WA Gross Rate Sched. WAM Actual WAM WALTV WALA
--------- ----------------- ------------- ---------- ---------- ----- ----
6.936 .000 6.936 178.391 178.016 65.964 .308
STATE DISTRIBUTION LOAN AMORTIZATION DISTRIBUTION
------------------ ------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
State Count Balance Percent Actual Months to Maturity Count Balance Percent
- ----- ----- ------- ------- ------------------------- ----- ------- -------
CA 120 49,769,976.62 24.80 1-24 Months (1 Mo-2 Years) 0 .00 .00
CT 15 5,930,472.69 2.95 25-48 Months (2-4 Years) 0 .00 .00
FL 87 22,435,581.42 11.18 49-72 Months (4-6 Years) 0 .00 .00
IL 24 7,639,558.25 3.81 73-96 Months (6-8 Years) 0 .00 .00
NJ 27 7,659,063.27 3.82 97-120 Months (8-10 Years) 15 3,311,729.15 1.65
NY 85 25,827,854.26 12.87 121-144 Months (10-12 Years) 4 1,199,055.00 .60
TX 46 16,211,609.81 8.08 145-168 Months (12-14 Years) 2 557,287.32 .28
Other 250 65,242,094.41 32.50 169-192 Months (14-16 Years) 633 195,648,139.26 97.48
- ------------------------------------------------ 193-216 Months (16-18 Years) 0 .00 .00
TOTAL: 654 200,716,210.73 100.00 217-240 Months (18-20 Years) 0 .00 .00
241-264 Months (20-22 Years) 0 .00 .00
DOC TYPE DISTRIBUTION 265-288 Months (22-24 Years) 0 .00 .00
--------------------- 289-312 Months (24-26 Years) 0 .00 .00
313-336 Months (26-28 Years) 0 .00 .00
Doc Type Count Balance Percent 337+ Months (28+ Years) 0 .00 .00
- ------- ----- ------- ------- -----------------------------------------------------------------
FULL 462 170,847,332.75 85.12 TOTAL: 654 200,716,210.73 100.00
NIV 192 29,868,877.98 14.88
NO RATIO 0 .00 .00
NINA 0 .00 .00 LOAN 1st PAYMENT DISTRIBUTION
ALT 0 .00 .00 -----------------------------
Other 0 .00 .00
- ------------------------------------------------ 1st Payment Date Count Balance Percent
TOTAL: 654 200,716,210.73 100.00 ---------------- ----- ------- -------
0 Months Old 246 78,211,129.00 39.87
PROPERTY TYPE DISTRIBUTION 1 Month Old 319 96,126,680.57 47.89
-------------------------- 2 Months Old 72 21,321,646.29 10.62
3 Months Old 6 1,861,765.94 .93
Property Type Count Balance Percent 4 Months Old 9 2,363,192.24 1.18
- ------------- ----- ------- ------- 5 Months Old 2 831,796.69 .41
Single Family 470 141,530,595.46 70.51 6 Months Old 0 .00 .00
Multi Family 3 977,250.00 .49 7 Months Old 0 .00 .00
COOP 16 4,801,388.56 2.39 8 Months Old 0 .00 .00
PUD 120 40,197,188.59 20.03 9 Months Old 0 .00 .00
10 Months Old 0 .00 .00
Condo -High Rise 0 .00 .00 11 Months Old 0 .00 .00
-Low Rise 0 .00 .00 12 Months Old 0 .00 .00
-Condotels 0 .00 .00 1-2 Years (13-24 Months Old) 0 .00 .00
-Unknown 34 9,579,834.91 4.77 2-3 Years (25-36 Months Old) 0 .00 .00
3-4 Years (37-48 Months Old) 0 .00 .00
Manufac. House 0 0 0 4-6 Years (49-72 Months Old) 0 .00 .00
Other 11 3,629,953.21 1.81 6-8 Years (73-96 Months Old) 0 .00 .00
- ------------------------------------------------ 8-10 Years (97-120 Months Old) 0 .00 .00
TOTAL: 654 200,716,210.73 100.00 10+ Years (121+ Months Old) 0 .00 .00
--------------------------------------------------------------------
OCCUPANCY DISTRIBUTION TOTAL: 654 200,716,210.73 100.00
----------------------
Occupany Count Balance Percent
- -------- ----- ------- -------
None 0 .00 .00
Primary 611 185,786,336.37 92.56
Vacation 43 14,929,874.36 7.44
Investor 0 .00 .00
Other 0 .00 .00
- ------------------------------------------------
TOTAL: 654 200,716,210.73 100.00
PURPOSE DISTRIBUTION
--------------------
Purpose Count Balance Percent
- ------- ----- ------- -------
Cash Out Refl 219 61,621,424.19 30.70
Purchase 172 55,938,100.43 27.87
Rate Term Refl 263 83,156,686.11 41.43
Other 0 .00 .00
- ------------------------------------------------
TOTAL: 654 200,716,210.73 100.00
</TABLE>
<PAGE>
Chase Manhattan Mortgage Corporation - Pool Summary
<TABLE>
<CAPTION>
Owner Deal Description Count Original Balance Current Balance Average Original Bal
----- ---- ----------- ----- ---------------- --------------- --------------------
millerma 1303 1999-S9 15 year for June 654 201,189,037.00 200,716,210.73 307,626.50
LTV DISTRIBUTION ORIGINAL BALANCE DISTRIBUTION
---------------- -----------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
LTV Count Balance Percent Count Balance Percent
- --- ----- ------- ------- ----- ------- -------
0-50.00 112 34,119,321.84 17.00 0-50,000.00 25 1,025,658.97 .51
50.01-60.00 87 25,960,129.88 12.93 50,000.01-100,000.00 96 7,477,705.22 3.73
60.01-70.00 135 40,813,417.02 20.33 100,000.01-150,000.00 52 6,361,941.20 3.17
70.01-75.00 125 39,453,801.76 19.66 150,000.01-200,000.00 33 5,747,384.50 2.86
75.01-80.00 168 54,470,332.32 27.14 200,000.01-225,000.00 5 1,017,974.32 .51
80.01-85.00 0 .00 .00 225,000.01-227,150.00 0 .00 .00
85.01-90.00 11 3,272,909.32 1.63 227,150.01-350,000.00 233 69,097,505.61 34.43
90.01-95.00 16 2,626,298.59 1.31 350,000.01-400,000.00 59 22,369,598.78 11.14
95.01-100.00 0 .00 .00 400,000.01-500,000.00 59 26,623,412.37 13.26
100.01+ 0 .00 .08 500,000.01-650,000.00 59 33,830,950.69 16.86
- ------------------------------------------------- 650,000.01-1,000,000.00 32 26,068,029.07 12.99
TOTAL: 654 200,716,210.73 100.00 1,000,000.01+ 1 1,096,050.00 .55
---------------------------------------------------------------------
TOTAL: 654 200,716,210.73 100.00
NOTE RATE DISTRIBUTION
----------------------
Note Gross WA Gross Note Gross WA Gross
- ---- ----- -------- ---- ----- --------
Rate Adjmts Rate Cnt Balance Percent Rate Adjmts Rate Cnt Balance Percent
- ---- ------ ---- --- ------- ------- ---- ------ ---- --- ------- -------
<5.750 .0000 .0000 0 .00 .00 9.375 .0000 .0000 0 .00 .00
5.750 .0000 .0000 0 .00 .00 9.500 .0000 .0000 0 .00 .00
5.875 .0000 .0000 0 .00 .00 9.625 .0000 .0000 0 .00 .00
6.000 .0000 6.0000 2 459,977.66 .23 9.750 .0000 .0000 0 .00 .00
6.125 .0000 .0000 0 .00 .00 9.875 .0000 .0000 0 .00 .00
6.250 .0000 6.2500 3 1,245,283.88 .62 10.000 .0000 .0000 0 .00 .00
6.375 .0000 6.3750 2 558,000.00 .28 10.125 .0000 .0000 0 .00 .00
6.500 .0000 6.5000 21 6,945,180.00 3.46 10.250 .0000 .0000 0 .00 .00
6.625 .0000 6.6250 37 13,496,631.65 6.72 10.375 .0000 .0000 0 .00 .00
6.750 .0000 6.7500 101 38,002,477.62 18.93 10.500 .0000 .0000 0 .00 .00
6.875 .0000 6.8750 157 52,923,878.02 26.37 10.625 .0000 .0000 0 .00 .00
7.000 .0000 7.0000 107 34,680,663.98 17.28 10.750 .0000 .0000 0 .00 .00
7.125 .0000 7.1250 79 23,562,263.07 11.74 10.875 .0000 .0000 0 .00 .00
7.250 .0000 7.2500 62 14,508,606.32 7.23 11.000 .0000 .0000 0 .00 .00
7.375 .0000 7.3750 32 5,745,273.87 2.86 11.125 .0000 .0000 0 .00 .00
7.500 .0000 7.5000 36 6,106,512.83 3.04 11.250 .0000 .0000 0 .00 .00
7.625 .0000 7.6250 7 757,866.10 .38 11.375 .0000 .0000 0 .00 .00
7.750 .0000 7.7500 8 1,723,595.73 .86 11.500 .0000 .0000 0 .00 .00
7.875 .0000 .0000 0 .00 .00 11.625 .0000 .0000 0 .00 .00
8.000 .0000 .0000 0 .00 .00 11.750 .0000 .0000 0 .00 .00
8.125 .0000 .0000 0 .00 .00 11.875 .0000 .0000 0 .00 .00
8.250 .0000 .0000 0 .00 .00 12.000 .0000 .0000 0 .00 .00
8.375 .0000 .0000 0 .00 .00 12.125 .0000 .0000 0 .00 .00
8.500 .0000 .0000 0 .00 .00 12.250 .0000 .0000 0 .00 .00
8.625 .0000 .0000 0 .00 .00 12.375 .0000 .0000 0 .00 .00
8.750 .0000 .0000 0 .00 .00 12.500 .0000 .0000 0 .00 .00
8.875 .0000 .0000 0 .00 .00 12.625 .0000 .0000 0 .00 .00
9.000 .0000 .0000 0 .00 .00 12.750 .0000 .0000 0 .00 .00
9.125 .0000 .0000 0 .00 .00 12.875 .0000 .0000 0 .00 .00
9.250 .0000 .0000 0 .00 .00 >12.875 .0000 .0000 0 .00 .00
Other: WAC 0 .0000 .0000 0 .00 .00
---------------------------------------------------------------------
TOTAL: 654 200,716,210.73 100.00
</TABLE>
<PAGE>
Chase Manhattan Mortgage Corporation - Pool Summary
<TABLE>
<CAPTION>
Owner Deal Description Count Original Balance Current Balance Average Original Bal
----- ---- ----------- ----- ---------------- --------------- --------------------
millerma 1303 1999-S9 15 year for June 654 201,189,037.00 200,716,210.73 307,628.50
<S> <C> <C> <C> <C> <C> <C>
FICO CREDIT SCORES UNINSURED LOANS (NO MI) BY LTV
------------------ ------------------------------
FICOScore Count Balance Percent LTV Count Balance Percent
- --------- ----- ------- ------- --- ----- ------- -------
0-1/Unknown 13 4,100,360.59 2.04 <80.01 627 194,817,002.82 97.06
2 -500 4 896,150.06 .45 80.01-85.00 0 .00 .00
500.01-600 11 2,859,070.82 1.42 85.01-90.00 0 .00 .00
600.01-620 11 2,040,440.57 1.02 90.01-95.00 0 .00 .00
620.01-640 19 4,118,051.71 2.05 95.01-100.00 0 .00 .00
640.01-660 49 10,682,343.61 5.32 100.01+ 0 .00 .00
660.01-680 72 20,857,859.64 10.39 ----------------------------------------------------
680.01-700 72 21,302,415.57 10.61 AGG UNINSURED 627 194,817,002.82 97.06
700.01-720 102 33,149,874.02 16.52 AGG INSURED 27 5,899,207.91 2.94
720.01-740 87 26,937,335.09 13.42 ----------------------------------------------------
740.01-760 98 32,909,900.78 16.40 TOTAL 654 200,716,210.73 100.00
760.01-780 80 27,917,595.28 13.91
780.01-800 33 11,684,136.85 5.82 INTL/DOMESTIC BORROWERS DISTRIBUTION
800.01-820 2 513,094.21 .26 ------------------------------------
820+ 1 747,581.93 .37 Int'l/Domes Count Balance Percent
- ------------------------------------------------- ----------- ----- ------- -------
TOTAL 654 200,716,210.73 100.00 International 0 .00 .00
Max Score: 999 Min Score: 6 Domestic 654 200,716,210.73 100.00
Wtd Avg. Score (FICO > 1): 716 ---------------------------------------------------
TOTAL: 654 200,716,210.73 100.00
FULL STATE DISTRIBUTION
-----------------------
State Count Balance Percent State Count Balance Percent
- ----- ----- ------- ------- ----- ----- ------- -------
AL 1 74,545.56 .04 NC 14 3,875,172.71 1.93
AR 0 .00 .00 ND 0 .00 .00
AZ 10 3,511,920.73 1.75 NE 1 79,750.00 .04
CA 120 49,769,976.62 24.80 NH 1 343,800.00 .17
CO 8 3,679,899.54 1.83 NJ 27 7,659,063.27 3.82
CT 15 5,930,472.69 2.95 NM 5 1,822,262.26 .91
DC 0 .00 .00 NV 1 272,000.00 .14
DE 3 904,219.32 .45 NY 85 25,827,854.26 12.87
FL 87 22,435,581.42 11.18 OH 12 1,364,958.51 .68
GA 22 5,936,803.76 2.96 OK 9 2,352,847.14 1.17
HI 2 563,895.08 .28 OR 5 1,513,011.53 .75
IA 0 .00 .00 PA 25 5,335,002.86 2.66
ID 3 499,380.33 .25 RI 0 .00 .00
IL 24 7,639,558.25 3.81 SC 7 1,604,464.06 .80
IN 5 837,036.80 .42 SD 0 .00 .00
KS 3 784,498.51 .39 TN 9 1,165,031.34 .58
KY 3 411,111.24 .20 TX 46 16,211,609.81 8.08
LA 4 1,027,187.67 .51 UT 4 1,226,986.40 .61
MA 14 4,875,313.84 2.43 VA 11 3,322,969.94 1.66
MD 12 4,134,412.65 2.06 VT 0 .00 .00
ME 0 .00 .00 WA 16 5,120,236.91 2.55
MI 27 5,085,992.82 2.53 WI 2 666,000.00 .33
MN 4 1,304,833.34 .65 WV 1 74,400.00 .04
MO 3 642,350.00 .32 WY 0 .00 .00
MS 2 365,816.67 .18 UNKNOWN 1 463,982.89 .23
MT 0 .00 .00 ----------------------------------------------
TOTAL: 654 200,716,210.73 100.00
</TABLE>
