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: March 25, 1999
CHASE MORTGAGE FINANCE CORPORATION
--------------------------------------------------
(Exact Name of Registrant)
DELAWARE 33-92950 52-1495132
-------------- ------------- ------------------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
343 Thornall Street, Edison NJ 08837 32256
----------------------------------------- -----------
Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (732) 205-0600
<PAGE>
Item 5. Other Events.
On or about 3/25/99, Chase Mortgage Finance Corporation
(the "Depositor") made the distributions to holders of its Multi-Class
Pass-Through Certificates, Series 1999-S1, 1999-S2 and 1999-S3 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
March 25, 1999 distribution.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: April 9, 1999
THE CHASE MANHATTAN BANK,
as Paying Agent, on behalf of
Chase Mortgage Finance Corp.
By: /s/ Andrew Cooper
-------------------
Name: Andrew Cooper
Title: Trust Officer
<PAGE>
INDEX TO EXHIBITS
-----------------
Exhibit No. Description
----------- -----------
20.1 Monthly Reports with respect to the
distribution to Certificateholders on
March 25, 1999.
<PAGE>
- --------------------------------------------------------------------------------
Chase Mortgage Finance Corporation, Series 1999-S1
Statement to Certificateholders
March 25, 1999
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION IN DOLLARS
- -----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 33,921,000.00 33,921,000.00 172,431.75 0.00 172,431.75 0.00 0.00 33,921,000.00
A2 25,000,000.00 25,000,000.00 122,916.67 0.00 122,916.67 0.00 0.00 25,000,000.00
A3 10,000,000.00 10,000,000.00 50,416.67 0.00 50,416.67 0.00 0.00 10,000,000.00
A4 37,285,000.00 37,285,000.00 192,639.17 0.00 192,639.17 0.00 0.00 37,285,000.00
A6 89,193,000.00 88,706,954.95 480,496.01 588,924.57 1,069,420.58 0.00 0.00 88,118,030.38
A7 18,242,000.00 18,265,240.24 0.00 2,229,595.05 2,229,595.05 0.00 98,936.72 16,134,581.91
A8 63,600,000.00 63,600,000.00 344,500.00 0.00 344,500.00 0.00 0.00 63,600,000.00
A9 56,234,000.00 56,128,484.48 304,029.29 626,128.08 930,157.37 0.00 0.00 55,502,356.40
A10 3,513,000.00 3,513,000.00 19,028.75 0.00 19,028.75 0.00 0.00 3,513,000.00
A11 5,000,000.00 5,000,000.00 29,166.67 0.00 29,166.67 0.00 0.00 5,000,000.00
A12 5,000,000.00 5,000,000.00 27,083.33 0.00 27,083.33 0.00 0.00 5,000,000.00
A13 11,522,200.00 11,522,200.00 64,812.38 0.00 64,812.38 0.00 0.00 11,522,200.00
A14 1,642,800.00 1,642,800.00 0.00 0.00 0.00 0.00 0.00 1,642,800.00
A15 1,500,000.00 1,500,000.00 8,437.50 0.00 8,437.50 0.00 0.00 1,500,000.00
A16 3,500,000.00 3,500,000.00 19,687.50 0.00 19,687.50 0.00 0.00 3,500,000.00
A17 3,300,000.00 3,300,000.00 18,562.50 0.00 18,562.50 0.00 0.00 3,300,000.00
A18 3,000,000.00 3,000,000.00 16,250.00 0.00 16,250.00 0.00 0.00 3,000,000.00
A19 2,000,000.00 2,000,000.00 13,333.33 0.00 13,333.33 0.00 0.00 2,000,000.00
A20 6,000,000.00 6,000,000.00 35,000.00 0.00 35,000.00 0.00 0.00 6,000,000.00
A21 885,000.00 885,000.00 4,978.13 0.00 4,978.13 0.00 0.00 885,000.00
A22 1,000,000.00 1,000,000.00 5,416.67 0.00 5,416.67 0.00 0.00 1,000,000.00
A23 1,000,000.00 1,005,416.67 0.00 0.00 0.00 0.00 5,446.01 1,010,862.68
AP 661,605.00 660,933.46 0.00 732.20 732.20 0.00 0.00 660,201.26
AR 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
M 8,600,000.00 8,592,999.70 46,545.42 7,049.12 53,594.54 0.00 0.00 8,585,950.58
B1 3,600,000.00 3,597,069.64 19,484.13 2,950.79 22,434.92 0.00 0.00 3,594,118.85
B2 1,600,000.00 1,598,697.62 8,659.61 1,311.46 9,971.07 0.00 0.00 1,597,386.16
B3 1,400,000.00 1,398,860.42 7,577.16 1,147.53 8,724.69 0.00 0.00 1,397,712.89
B4 800,000.00 799,348.81 4,329.81 655.73 4,985.54 0.00 0.00 798,693.08
B5 1,000,424.92 999,610.59 5,414.56 819.80 6,234.36 0.00 0.00 998,790.79
- -----------------------------------------------------------------------------------------------------------------------------------
TOTALS 400,000,129.92 399,422,616.58 2,021,197.01 3,459,314.33 5,480,511.34 0.00 104,382.73 396,067,684.98
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
A 56,808,292.00 6,808,292.00 36,878.25 0.00 36,878.25 0.00 0.00 6,808,292.00
AX 361,515,966.00 360,978,341.86 113,626.96 0.00 113,626.96 0.00 0.00 357,669,376.62
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
|x| (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Chase Mortgage Finance Corporation, Series 1999-S1
Statement to Certificateholders
March 25, 1999
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------- ---------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
- -------------------------------------------------------------------------------------------------- ---------------------
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL PASS-THRU
CLASS FACTOR INTEREST PRINCIPAL TOTAL FACTOR CLASS RATE
- -------------------------------------------------------------------------------------------------- ---------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A1 1,000.0000000 5.083333 0.000000 5.083333 1,000.0000000 A1 6.100000%
A2 1,000.0000000 4.916667 0.000000 4.916667 1,000.0000000 A2 5.900000%
A3 1,000.0000000 5.041667 0.000000 5.041667 1,000.0000000 A3 6.050000%
A4 1,000.0000000 5.166667 0.000000 5.166667 1,000.0000000 A4 6.200000%
A6 994.5506368 5.387149 6.602812 11.989961 987.9478253 A6 6.500000%
A7 1,001.2739963 0.000000 122.223169 122.223169 884.4743948 A7 6.500000%
A8 1,000.0000000 5.416667 0.000000 5.416667 1,000.0000000 A8 6.500000%
A9 998.1236348 5.406503 11.134333 16.540836 986.9893018 A9 6.500000%
A10 1,000.0000000 5.416667 0.000000 5.416667 1,000.0000000 A10 6.500000%
A11 1,000.0000000 5.833334 0.000000 5.833334 1,000.0000000 A11 7.000000%
A12 1,000.0000000 5.416666 0.000000 5.416666 1,000.0000000 A12 6.500000%
A13 1,000.0000000 5.625000 0.000000 5.625000 1,000.0000000 A13 6.750000%
A14 1,000.0000000 0.000000 0.000000 0.000000 1,000.0000000 A14 0.000000%
A15 1,000.0000000 5.625000 0.000000 5.625000 1,000.0000000 A15 6.750000%
A16 1,000.0000000 5.625000 0.000000 5.625000 1,000.0000000 A16 6.750000%
A17 1,000.0000000 5.625000 0.000000 5.625000 1,000.0000000 A17 6.750000%
A18 1,000.0000000 5.416667 0.000000 5.416667 1,000.0000000 A18 6.500000%
A19 1,000.0000000 6.666665 0.000000 6.666665 1,000.0000000 A19 8.000000%
A20 1,000.0000000 5.833333 0.000000 5.833333 1,000.0000000 A20 7.000000%
A21 1,000.0000000 5.625006 0.000000 5.625006 1,000.0000000 A21 6.750000%
A22 1,000.0000000 5.416670 0.000000 5.416670 1,000.0000000 A22 6.500000%
A23 1,005.4166700 0.000000 0.000000 0.000000 1,010.8626800 A23 6.500000%
AP 998.9849835 0.000000 1.106703 1.106703 997.8782808 AP 0.000000%
AR 0.0000000 0.000000 0.000000 0.000000 0.0000000 AR 6.500000%
M 999.1860116 5.412258 0.819665 6.231923 998.3663465 M 6.500000%
B1 999.1860111 5.412258 0.819664 6.231922 998.3663472 B1 6.500000%
B2 999.1860125 5.412256 0.819663 6.231919 998.3663500 B2 6.500000%
B3 999.1860143 5.412257 0.819664 6.231921 998.3663500 B3 6.500000%
B4 999.1860125 5.412263 0.819663 6.231925 998.3663500 B4 6.500000%
B5 999.1860159 5.412260 0.819452 6.231712 998.3665641 B5 6.500000%
- -----------------------------------------------------------------------------------------------------------------------------------
TOTALS 998.5562171 5.052991 8.648283 13.701274 990.1688908
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
A5 1,000.00 5.416667 0.000000 5.416667 1,000.00 A5 6.500000%
AX 998.51 0.314307 0.000000 0.314307 989.36 AX 0.377730%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
|x| (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Chase Mortgage Finance Corporation, Series 1999-S1
March 25, 1999
- --------------------------------------------------------------------------------
STATEMENT TO CERTIFICATEHOLDERS
Sec. 6.02(a)(iii) Aggregate Amount of Principal Prepayments 3,027,220.03
Aggregate Amount of Repurchase Proceeds 0.00
Sec. 6.02(a)(iv): Aggregate Servicer Advances 941.64
Sec. 6.02(a)(v): Number of Outstanding Mortgage Loans 1,258.00
Ending Principal Balance of
Outstanding Mortgage Loans 396,067,685.28
Sec. 6.02(a)(vi): Aggregate Amount of Servicing Fees 102,684.90
Sec. 6.02(a)(vii):
Number and Aggregate Principal Balances of Delinquent Mortgage Loans
- --------------------------------------------------------------------------------
Group Totals
- --------------------------------------------------------------------------------
Period Number Principal Balance Percentage
- --------------------------------------------------------------------------------
31-60 days 0 0.00 0.00%
- --------------------------------------------------------------------------------
61-90 days 0 0.00 0.00%
- --------------------------------------------------------------------------------
91+ days 0 0.00 0.00%
- --------------------------------------------------------------------------------
Total 0 0.00 0.00%
- --------------------------------------------------------------------------------
Aggregate Principal Balance of Mortgage
Loans Acquired Through Foreclosure 0.00
-----------------------------------------------
Group Totals
-----------------------------------------------
Number Principal Balance Percentage
-----------------------------------------------
0 0.00 0.00 %
-----------------------------------------------
Sec. 6.02(a)(ix): Aggregate Amount of All Advances Recovered
During the Related Due Period 0.00
Sec. 6.02(a)(x): Class A Percentage 95.75%
Class A Principal Balance 3 82,436,029.80
Class M Percentage 2.15%
Class M Principal Balance 8,592,999.70
Class B Percentage 2.10%
Class B Principal Balance 8,393,587.08
NON-PO Class A Percentage 95.74%
NON-PO Class A Prepayment Percentage 100.00%
M Credit Support 2.11%
B1 Credit Support 1.21%
B2 Credit Support 0.81%
B3 Credit Support 0.45%
B4 Credit Support 0.25%
Sec. 6.02(a)(xi): Aggregate Cummulative Losses Since Cut-Off 0.00
Sec. 6.02(a)(xiv): Compensating Interest Shortfall 0.00
|x| (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Chase Mortgage Finance Trust, Series 1999-S2
Statement to Certificateholders
March 25, 1999
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION IN DOLLARS
- --------------------------------------------------------------------------------------------------------------------------------
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 215,000,000.00 215,000,000.00 1,164,583.33 850,430.91 2,015,014.24 0.00 0.00 214,149,569.09
A2 126,772,000.00 126,772,000.00 686,681.67 592,967.90 1,279,649.57 0.00 0.00 126,179,032.10
A3 8,000,000.00 8,000,000.00 43,333.33 0.00 43,333.33 0.00 0.00 8,000,000.00
A4 3,651,000.00 3,651,000.00 19,776.25 0.00 19,776.25 0.00 0.00 3,651,000.00
A5 6,008,000.00 6,008,000.00 32,543.33 0.00 32,543.33 0.00 0.00 6,008,000.00
A6 3,731,000.00 3,731,000.00 20,209.58 0.00 20,209.58 0.00 0.00 3,731,000.00
A7 5,611,000.00 5,611,000.00 30,392.92 0.00 30,392.92 0.00 0.00 5,611,000.00
A8 9,581,000.00 9,581,000.00 46,707.38 0.00 46,707.38 0.00 0.00 9,581,000.00
A9 3,200,000.00 3,200,000.00 17,333.33 0.00 17,333.33 0.00 0.00 3,200,000.00
A10 1,000,000.00 1,000,000.00 6,666.67 0.00 6,666.67 0.00 0.00 1,000,000.00
A11 2,948,000.00 2,948,000.00 21,158.04 0.00 21,158.04 0.00 0.00 2,948,000.00
A12 45,000,000.00 45,000,000.00 243,750.00 0.00 243,750.00 0.00 0.00 45,000,000.00
AP 374,266.00 374,266.00 0.00 403.71 403.71 0.00 0.00 373,862.29
AR 100.00 100.00 0.68 100.00 100.68 0.00 0.00 0.00
M 9,900,000.00 9,900,000.00 53,625.00 7,988.40 61,613.40 0.00 0.00 9,892,011.60
B1 4,050,000.00 4,050,000.00 21,937.50 3,267.98 25,205.48 0.00 0.00 4,046,732.02
B2 1,575,000.00 1,575,000.00 8,531.25 1,270.88 9,802.13 0.00 0.00 1,573,729.12
B3 1,575,000.00 1,575,000.00 8,531.25 1,270.88 9,802.13 0.00 0.00 1,573,729.12
B4 900,000.00 900,000.00 4,875.00 726.22 5,601.22 0.00 0.00 899,273.78
B5 1,125,239.36 1,125,239.36 6,095.05 907.97 7,003.02 0.00 0.00 1,124,331.39
- --------------------------------------------------------------------------------------------------------------------------------
TOTALS 450,001,605.36 450,001,605.36 2,436,731.56 1,459,334.85 3,896,066.41 0.00 0.00 448,542,270.51
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
AX 420,440,757.99 420,440,757.99 140,253.97 0.00 140,253.97 0.00 0.00 419,011,113.91
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
|x| (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
- --------------------------------------------------------------------------------
Chase Mortgage Finance Trust, Series 1999-S2
Statement to Certificateholders
March 25, 1999
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------- ---------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
- ------------------------------------------------------------------------------------------------------- ---------------------
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL PASS-THRU
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL FACTOR CLASS RATE
- ------------------------------------------------------------------------------------------------------- ---------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 16162TFL5 1,000.0000000 5.416667 3.955493 9.372159 996.0445074 A1 6.500000%
A2 16162TFM3 1,000.0000000 5.416667 4.677436 10.094103 995.3225641 A2 6.500000%
A3 16162TFN1 1,000.0000000 5.416666 0.000000 5.416666 1,000.0000000 A3 6.500000%
A4 16162TFP6 1,000.0000000 5.416667 0.000000 5.416667 1,000.0000000 A4 6.500000%
A5 16162TFQ4 1,000.0000000 5.416666 0.000000 5.416666 1,000.0000000 A5 6.500000%
A6 16162TFR2 1,000.0000000 5.416666 0.000000 5.416666 1,000.0000000 A6 6.500000%
A7 16162TFS0 1,000.0000000 5.416667 0.000000 5.416667 1,000.0000000 A7 6.500000%
A8 16162TFT8 1,000.0000000 4.875001 0.000000 4.875001 1,000.0000000 A8 5.850000%
A9 16162TFU5 1,000.0000000 5.416666 0.000000 5.416666 1,000.0000000 A9 6.500000%
A10 16162TFV5 1,000.0000000 6.666670 0.000000 6.666670 1,000.0000000 A10 8.000000%
A11 16162TFW1 1,000.0000000 7.177083 0.000000 7.177083 1,000.0000000 A11 8.612500%
A12 16162TFX9 1,000.0000000 5.416667 0.000000 5.416667 1,000.0000000 A12 6.500000%
AP 16162TFY7 1,000.0000000 0.000000 1.078671 1.078671 998.9213287 AP 0.000000%
AR 16162TFZ4 1,000.0000000 6.800000 1,000.000000 1,006.800000 0.0000000 AR 6.500000%
M 16162TGA8 1,000.0000000 5.416667 0.806909 6.223576 999.1930909 M 6.500000%
B1 16162TGB6 1,000.0000000 5.416667 0.806909 6.223575 999.1930914 B1 6.500000%
B2 16162TGC4 1,000.0000000 5.416667 0.806908 6.223575 999.1930921 B2 6.500000%
B3 16162TGE0 1,000.0000000 5.416667 0.806908 6.223575 999.1930921 B3 6.500000%
B4 16162TGF7 1,000.0000000 5.416667 0.806911 6.223578 999.1930889 B4 6.500000%
B5 16162TGG5 1,000.0000000 5.416670 0.806913 6.223583 999.1930872 B5 6.500000%
- ------------------------------------------------------------------------------------------------------- ---------------------
TOTALS 1,000.0000000 5.414940 3.242955 8.657894 996.7570452
- -------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------- ---------------------
AX 16162TGD2 1,000.00 0.333588 0.000000 0.333588 996.60 AX 0.400306%
- ------------------------------------------------------------------------------------------------------- ---------------------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
Chase Mortgage Finance Corporation, Series 1999-S2
March 25, 1999
- --------------------------------------------------------------------------------
Sec. 6.02(a)(iii) Aggregate Amount of Principal Prepayments 1,096,196.50
Aggregate Amount of Repurchase Proceeds 0.00
Sec. 6.02(a)(iv): Aggregate Servicer Advances 2,638,954.90
Sec. 6.02(a)(v): Number of Outstanding Mortgage Loans 1,447
Ending Principal Balance of
Outstanding Mortgage Loans 448,542,271.31
Sec. 6.02(a)(vi): Aggregate Amount of Servicing Fees 115,237.91
Sec. 6.02(a)(vii):
Number and Aggregate Amounts of Mortgage Loans in Delinquency
- --------------------------------------------------------------------------------
Group 1
- --------------------------------------------------------------------------------
Category Number Principal Balance Percentage
- --------------------------------------------------------------------------------
1 Month 0 0.00 0.00%
- --------------------------------------------------------------------------------
2 Months 0 0.00 0.00%
- --------------------------------------------------------------------------------
3+ Months 0 0.00 0.00%
- --------------------------------------------------------------------------------
Total 0 0.00 0.00%
- --------------------------------------------------------------------------------
Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure
-----------------------------------------------
Group 1
-----------------------------------------------
Number Principal Balance Percentage
-----------------------------------------------
0 0.00 0.00%
-----------------------------------------------
Sec. 6.02(a)(viii) Aggregate Number of REO Loans 0
Aggregate Balance of REO Loans 0.00
Sec. 6.02(a)(ix) Aggregate Recovered Advances for Current Period 0.00
Sec. 6.02(a)(x) Class A Percentage 95.74996%
Class M Percentage 2.19999%
Class B Percentage 2.05005%
Class A Percentage 430,876,366.00
Class M Percentage 9,900,000.00
Class B Principal Balance 9,225,239.36
NON-PO Class A Percentage 95.74642%
NON-PO Class A Prepayment Percentage 100.00000%
M Credit Support 2.05%
B1 Credit Support 1.15%
B2 Credit Support 0.80%
B3 Credit Support 0.45%
B4 Credit Support 0.25%
Sec. 6.02(a)(xi) Current Period Realized Losses 0.00
Cumulative Period Realized Losses 0.00
Sec. 6.02(a)(xiv) Compensating Interest Shortfall 0.00
|x| (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Chase Mortgage Finance Trust, Series 1999-S3
Statement to Certificateholders
March 25, 1999
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION IN DOLLARS
- --------------------------------------------------------------------------------------------------------------------------------
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 112,065,223.00 112,065,223.00 583,673.04 429,809.87 1,013,482.91 0.00 0.00 111,635,413.13
AP 176,004.00 176,004.00 0.00 614.43 614.43 0.00 0.00 175,389.57
AR 100.00 100.00 0.53 100.00 100.53 0.00 0.00 0.00
M 1,265,014.00 1,265,014.00 6,588.61 4,168.27 10,756.88 0.00 0.00 1,260,845.73
B1 402,504.00 402,504.00 2,096.38 1,326.27 3,422.65 0.00 0.00 401,177.73
B2 402,504.00 402,504.00 2,096.38 1,326.27 3,422.65 0.00 0.00 401,177.73
B3 345,004.00 345,004.00 1,796.90 1,136.80 2,933.70 0.00 0.00 343,867.20
B4 172,502.00 172,502.00 898.45 568.40 1,466.85 0.00 0.00 171,933.60
B5 172,505.00 172,505.00 898.46 568.41 1,466.87 0.00 0.00 171,936.59
- --------------------------------------------------------------------------------------------------------------------------------
TOTALS 115,001,360.00 115,001,360.00 598,048.75 439,618.72 1,037,667.47 0.00 0.00 114,561,741.28
- ------------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
AX 105,726,363.20 105,726,363.20 29,967.26 0.00 29,967.26 0.00 0.00 105,320,056.97
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------- ---------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
- ----------------------------------------------------------------------------------------------------- ---------------------
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL PASS-THRU
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL FACTOR CLASS RATE
- ----------------------------------------------------------------------------------------------------- ---------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 16162TFE1 1,000.0000000 5.208333 3.835355 9.043688 996.1646454 A1 6.250000%
AP 16162TFF8 1,000.0000000 0.000000 3.491000 3.491000 996.5089998 AP 0.000000%
AR 16162TFG6 1,000.0000000 5.300000 1,000.000000 1,005.300000 0.0000000 AR 6.250000%
M 16162TFH4 1,000.0000000 5.208330 3.295039 8.503368 996.7049614 M 6.250000%
B1 16162TFJ0 1,000.0000000 5.208346 3.295048 8.503394 996.7049520 B1 6.250000%
B2 16162TFK7 1,000.0000000 5.208346 3.295048 8.503394 996.7049520 B2 6.250000%
B3 16162TGH3 1,000.0000000 5.208345 3.295034 8.503380 996.7049657 B3 6.250000%
B4 16162TGJ8 1,000.0000000 5.208345 3.295034 8.503380 996.7049657 B4 6.250000%
B5 16162TGK6 1,000.0000000 5.208313 3.295035 8.503348 996.7049651 B5 6.250000%
- ----------------------------------------------------------------------------------------------------- ---------------------
TOTALS 1,000.0000000 5.200362 3.822726 9.023089 996.1772737
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AX N/A 1,000.00 0.283442 0.000000 0.283442 996.16 AX 0.340130%
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</TABLE>
<PAGE>
|x| (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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<PAGE>
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Chase Mortgage Finance Corporation, Series 1999-S3
March 25, 1999
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STATEMENT TO CERTIFICATEHOLDERS
Sec. 6.02(a)(iii) Aggregate Amount of Principal Prepayments 60,663.28
Aggregate Amount of Repurchase Proceeds 0.00
Sec. 6.02(a)(iv): Aggregate Servicer Advances 825,834.57
Sec. 6.02(a)(v): Number of Outstanding Mortgage Loans 364
Ending Principal Balance of
Outstanding Mortgage Loans 114,561,741.81
Sec. 6.02(a)(vi): Aggregate Amount of Servicing Fees 30,178.27
Sec. 6.02(a)(vii):
Number and Aggregate Principal Balances of Delinquent Mortgage Loans
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Group Totals
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Period Number Principal Balance Percentage
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31-60 days 0 0.00 0.00%
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61-90 days 0 0.00 0.00%
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91+ days 0 0.00 0.00%
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Total 0 0.00 0.00%
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Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure
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Group Totals
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Number Principal Balance Percentage
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0 0.00 0.00%
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Sec. 6.02(a)(viii) Number and Aggregate Principal Amounts of REO Loans
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Group Totals
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Number Principal Balance Percentage
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0 0.00 0.00%
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Sec. 6.02(a)(ix) Aggregate Recovered Advances for Current Period 0.00
Sec. 6.02(a)(x) Class A Percentage 97.60%
Class M Percentage 1.10%
Class B Percentage 1.30%
Class A Percentage 112,241,327.00
Class M Percentage 1,265,014.00
Class B Principal Balance 1,495,019.00
NON-PO Class A Percentage 97.5963%
NON-PO Class A Prepayment Percentage 100.0000%
M Credit Support 1.30%
B1 Credit Support 0.95%
B2 Credit Support 0.60%
B3 Credit Support 0.30%
B4 Credit Support 0.15%
Sec. 6.02(a)(xi) Current Period Realized Losses 0.00
Cumulative Period Realized Losses 0.00
Sec. 6.02(a)(xiv) Compensating Interest Shortfall 0.00
|x| (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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