<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 24, 1999
Chase Mortgage Finance Corporation
- --------------------------------------------------------------------------------
(Exact name of registrant specified in Charter)
Delaware 333-56081 52-1495132
- --------------------------------------------------------------------------------
(State or other (Commission (IRS Employee
jurisdiction of File Number) Identification No.)
incorporation)
343 Thornall Street
Edison, NJ 08837
- --------------------------------------------------------------------------------
(Address of principal executive offices) Zip Code
Registrant's telephone, including area code: (732) 205-0600
- --------------------------------------------------------------------------------
(Former name and former address, if changed since last report)
<PAGE>
ITEM 5. Other Events
------------
Filing of Collateral Term Sheets
--------------------------------
Attached as Exhibit 99.1 are Collateral Term Sheets prepared by Chase
Mortgage Finance Corporation in connection with the offering of Chase Mortgage
Finance Corporation Multi-Class Mortgage Pass-Through Certificates, Series
1999-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
May 24, 1999
By: /s/ Eileen A. Lindblom
-----------------------------
Name: Eileen A. Lindblom
Title: Vice President
<PAGE>
INDEX TO EXHIBITS
Exhibit No. Description
- ----------- -----------
(99.1) Collateral Term Sheets
<PAGE>
Chase Manhattan Mortgage Corporation - Pool Summary
<TABLE>
<CAPTION>
Owner Dummy Deal Description Count Original Balance Current Balance Average Original Bal
----- ----------- ----------- ----- ---------------- --------------- --------------------
millerma 5865 15 yr for june 377 119,761,126.00 119,724,201.93 317,668.77
Gross WAC Gross Adjustments WA Gross Rate Sched. WAM Actual WAM WALTV WALA
--------- ----------------- ------------- ---------- ---------- ----- ----
6.931 .000 6.931 178.542 178.485 66.288 .040
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 78 31,540,386.12 26.34 1-24 Months (1 Mo-2 Years) 0 .00 .00
CT 10 4,345,000.00 3.64 25-48 Months (2-4 Years) 0 .00 .00
FL 56 15,451,299.24 12.91 49-72 Months (4-6 Years) 0 .00 .00
IL 14 4,188,990.42 3.50 73-96 Months (6-8 Years) 0 .00 .00
NJ 17 5,165,458,89 4.31 97-120 Months (8-10 Years) 6 1,899,500.00 1.59
NY 43 13,057,400.45 10.91 121-144 Months (10-12 Years) 3 929,230.00 .78
TX 31 11,511,341.72 9.61 145-168 Months (12-14 Years) 0 .00 .00
Other 128 34,455,325.09 28.78 169-192 Months (14-16 Years) 368 116,895,471.93 97.64
- ------------------------------------------------ 193-216 Months (16-18 Years) 0 .00 .00
TOTAL: 377 119,724,201.93 100.00 217-240 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 263 101,572,520.25 84.84 TOTAL: 377 119,724,201.93 100.00
NIV 114 18,151,681.68 15.16
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: 377 119,724,201.93 100.00 ---------------- ----- ------- -------
0 Months Old 335 107,127,805.17 89.48
PROPERTY TYPE DISTRIBUTION 1 Month Old 38 11,035,537.67 9.22
-------------------------- 2 Months Old 2 718,192.02 .60
3 Months Old 0 .00 .00
Property Type Count Balance Percent 4 Months Old 2 842,667.07 .70
- ------------- ----- ------- ------- 5 Months Old 0 .00 .00
Single Family 292 91,903,570.78 76.76 6 Months Old 0 .00 .00
Multi Family 2 575,000.00 .48 7 Months Old 0 .00 .00
COOP 6 2,333,300.00 1.95 8 Months Old 0 .00 .00
PUD 58 20,444,081.15 17.08 9 Months Old 0 .00 .00
10 Months Old 1 .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 16 4,040,450.00 3.37 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 3 427,800.00 .36 6-8 Years (73-96 Months Old) 0 .00 .00
- ------------------------------------------------ 8-10 Years (97-120 Months Old) 0 .00 .00
TOTAL: 377 119,724,201.93 100.00 10+ Years (121+ Months Old) 0 .00 .00
--------------------------------------------------------------------
OCCUPANCY DISTRIBUTION TOTAL: 377 119,724,201.93 100.00
----------------------
Occupany Count Balance Percent
- -------- ----- ------- -------
None 0 .00 .00
Primary 356 111,443,631.69 93.08
Vacation 21 8,280,570.24 6.92
Investor 0 .00 .00
Other 0 .00 .00
- ------------------------------------------------
TOTAL: 377 119,724,201.93 100.00
PURPOSE DISTRIBUTION
--------------------
Purpose Count Balance Percent
- ------- ----- ------- -------
Cash Out Refl 118 34,554,695.82 28.86
Purchase 88 29,672,654.16 24.78
Rate Term Refl 171 55,496,851.95 46.35
Other 0 .00 .00
- ------------------------------------------------
TOTAL: 377 119,724,201.93 100.00
</TABLE>
<PAGE>
Chase Manhattan Mortgage Corporation - Pool Summary
<TABLE>
<CAPTION>
Owner Dummy Deal Description Count Original Balance Current Balance Average Original Bal
----- ----------- ----------- ----- ---------------- --------------- --------------------
millerma 5865 15 yr for june 377 119,761,126.00 119,724,201.93 317,668.77
LTV DISTRIBUTION ORIGINAL BALANCE DISTRIBUTION
---------------- -----------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
LTV Count Balance Percent Count Balance Percent
- --- ----- ------- ------- ----- ------- -------
0-50.00 59 18,020.749.26 15.05 0-50,000.00 12 517,100.00 .43
50.01-60.00 57 19,141,255.56 15.99 50,000.01-100,000.00 53 4,124,809.52 3.45
60.01-70.00 74 20.989,453.25 17.53 100,000.01-150,000.00 32 3,927,971.60 3.28
70.01-75.00 82 27,150,875.88 22.68 150,000.01-200,000.00 20 3,455,950.56 2.89
75.01-80.00 88 29,726.817.98 24.83 200,000.01-225,000.00 2 433,500.00 .36
80.01-85.00 3 1,308,500.00 1.09 225,000.01-227,150.00 0 .00 .00
85.01-90.00 5 1,767,800.00 1.48 227,150.01-350,000.00 130 38,326.566.54 32.01
90.01-95.00 7 1,247,550.00 1.04 350,000.01-400,000.00 30 11,299,027.69 9.44
95.01-100.00 1 281,200.00 .23 400,000.01-500,000.00 34 15,325,170.56 12.80
100.01+ 1 90,000.00 .08 500,000.01-650,000.00 41 23,480,655.46 19.61
- ------------------------------------------------- 650,000.01-1,000,000.00 23 18,833,450.00 15.73
TOTAL: 377 119,724,201.93 100.00 1,000,000.01+ 0 .00 .00
---------------------------------------------------------------------
TOTAL: 377 119,724,201.93 100.00
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 1 286,000.00 .24 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 2 599,500.00 .50 10.000 .0000 .0000 0 .00 .00
6.375 .0000 6.3750 2 708,000.00 .59 10.125 .0000 .0000 0 .00 .00
6.500 .0000 6.5000 13 3,721,350.00 3.11 10.250 .0000 .0000 0 .00 .00
6.625 .0000 6.6250 23 8,649,772.38 7.22 10.375 .0000 .0000 0 .00 .00
6.750 .0000 6.7500 61 21,470,989.01 17.93 10.500 .0000 .0000 0 .00 .00
6.875 .0000 6.8750 103 35,961,893.78 30.04 10.625 .0000 .0000 0 .00 .00
7.000 .0000 7.0000 52 16,604,905.14 13.87 10.750 .0000 .0000 0 .00 .00
7.125 .0000 7.1250 50 15,554,114.56 12.99 10.875 .0000 .0000 0 .00 .00
7.250 .0000 7.2500 29 7,107,458.74 5.94 11.000 .0000 .0000 0 .00 .00
7.375 .0000 7.3750 17 4,538,663.72 3.79 11.125 .0000 .0000 0 .00 .00
7.500 .0000 7.5000 16 3,392,423.49 2.83 11.250 .0000 .0000 0 .00 .00
7.625 .0000 7.6250 3 386,100.00 .32 11.375 .0000 .0000 0 .00 .00
7.750 .0000 7.7500 5 743,031.09 .62 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: 377 119,724,201.93 100.00
</TABLE>
<PAGE>
Chase Manhattan Mortgage Corporation - Pool Summary
<TABLE>
<CAPTION>
Owner Dummy Deal Description Count Original Balance Current Balance Average Original Bal
----- ----------- ----------- ----- ---------------- --------------- --------------------
millerma 5865 15 yr for june 377 119,761,126.00 119,724,201.93 317,668.77
<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 56 17,982,198.49 15.02 <80.01 360 115,029,151.93 96.08
2 -500 2 350,000.00 .29 80.01-85.00 3 1,308,500.00 1.09
500.01-600 5 1,570,450.00 1.31 85.01-90.00 2 872,400.00 .73
600.01-620 8 1,164,700.00 .97 90.01-95.00 3 423,050.00 .35
620.01-640 12 3,137,450.00 2.62 95.01-100.00 0 .00 .00
640.01-660 25 6,064,250.00 5.07 100.01+ 1 90,000.00 .08
660.01-680 40 10,688,036.48 8.93 ----------------------------------------------------
680.01-700 34 10,805,992.55 9.03 AGG UNINSURED 369 117,723,101.93 98.33
700.01-720 52 19,576,416.19 16.35 AGG INSURED 8 2,001,100.00 1.67
720.01-740 41 13,896,260.55 11.61 ----------------------------------------------------
740.01-760 46 16,209,937.74 13.54 TOTAL 377 119,724,201.93 100.00
760.01-780 33 9,830,350.00 8.21
780.01-800 21 7,660,159.93 6.40 INTL/DOMESTIC BORROWERS DISTRIBUTION
800.01-820 1 38,000.00 .03 ------------------------------------
820+ 1 750,000.00 .63
- ------------------------------------------------- Int'l/Domes Count Balance Percent
TOTAL 377 119,724,201.93 100.00 ----------- ----- ------- -------
Max Score: 999 Min Score: 7 International 0 .00 .00
Wtd Avg. Score (FICO > 1): 713 Domestic 377 119,724,201.93 100.00
---------------------------------------------------
TOTAL: 377 119,724,201.93 100.00
FULL STATE DISTRIBUTION
-----------------------
State Count Balance Percent State Count Balance Percent
- ----- ----- ------- ------- ----- ----- ------- -------
AL 1 74,773.49 .06 NC 8 1,269,450.00 1.06
AR 0 .00 .00 ND 0 .00 .00
AZ 4 2,113,850.00 1.77 NE 1 79,750.00 .07
CA 78 31,540,386.12 26.34 NH 0 .00 .00
CO 3 1,552,000.00 1.30 NJ 17 5,165,458.89 4.31
CT 10 4,354,000.00 3.64 NM 3 1,180,000.00 .99
DC 0 .00 .00 NV 0 .00 .00
DE 1 320,000.00 .27 NY 43 13,057,400.45 10.91
FL 56 15,451,299.24 12.91 OH 6 463,950.30 .39
GA 14 5,118,522.18 4.28 OK 6 2,149,569.84 1.80
HI 1 45,000.00 .04 OR 2 673,000.00 .56
IA 0 .00 .00 PA 11 2,967,150.00 2.48
ID 1 55,250.00 .05 RI 0 .00 .00
IL 14 4,188,990.42 3.50 SC 4 763,050.00 .64
IN 1 302,000.00 .25 SD 0 .00 .00
KS 1 259,188.58 .22 TN 3 374,000.00 .31
KY 2 153,500.00 .13 TX 31 11,511,341.72 9.61
LA 2 517,500.00 .43 UT 5 1,343,450.00 1.12
MA 7 1,808,876.00 1.51 VA 6 1,601,200.00 1.34
MD 6 1,979,175.00 1.65 VT 0 .00 .00
ME 0 .00 .00 WA 8 2,222,150.00 1.86
MI 13 2,519,900.00 2.10 WI 1 560,000.00 .47
MN 3 864,650.00 .72 WV 1 350,000.00 .29
MO 1 406,500.00 .34 WY 0 .00 .00
MS 2 367,920.00 .31 UNKNOWN 0 .00 .00
MT 0 .00 .00 ----------------------------------------------
TOTAL: 377 119,724,201.93 100.00
</TABLE>
