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Previous: CIGNA VARIABLE PRODUCTS GROUP, 485BPOS, 1999-04-20 |
Next: CHASE MORTGAGE FINANCE CORP, 8-K, 1999-04-20 |
<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): April 20, 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-AS2.
<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
April 20, 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>
[LOGO] Chase Manhattan Mortgage Corporation - Pool Summary
Count Original Balance Current Balance Average Original Bal
- ----- ---------------- --------------- --------------------
1,144 124,029,306.00 123,950,699.09 108,417.23
<TABLE>
<CAPTION>
Gross WAG Gross Adjustments WA Gross Rate Schad. WAM Actual WAM WALTV WALA
- --------- ----------------- ------------- ---------- ---------- ------ ----
<S> <C> <C> <C> <C> <C> <C>
7.742 000.0 7.742 330,124 330.001 77.065 .177
</TABLE>
<TABLE>
<CAPTION>
STATE DISTRIBUTION LOAN AMORTIZATION DISTRIBUTION
------------------ ------------------------------
State Count Balance Percent Actual Months to Maturity Count Balance Percent
- ----- ----- ------- ------- ----------------------------- ----- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
CA 60 12,359,280.88 9.97 1-24 Months (1 Mo-2 Years) 2 193,000.00 .16
CT 16 1,834,263.99 1.48 25-48 Months (2-4 Years) 0 .00 .00
FL 204 18,676,925.73 15.07 49-72 Months (4-6 Years) 0 .00 .00
IL 52 6,340,280.81 5.12 73-96 Months (6-8 Years) 0 .00 .00
NJ 29 3,587,281.98 2.89 97-120 Months (8-10 Years) 3 130,074.97 .10
NY 88 12,676,725.19 10.23 121-144 Months (10-12 Years) 0 .00 .00
TX 98 7,965,186.74 6.43 145-168 Months (12-14 Years) 0 .00 .00
Other 597 60,510,753.77 48.82 169-192 Months (14-16 Years) 198 19,697,748.52 15.89
- ----------------------------------------------------- 193-216 Months (16-18 Years) 0 .00 .00
TOTAL: 1144 123,950,699.09 100.00 217-240 Months (18-20 Years) 2 203,751.70 .16
241-264 Months (20-22 Years) 1 83,500.00 .07
DOC TYPE DISTRIBUTION 265-288 Months (22-24 Years) 0 .00 .00
--------------------- 289-312 Months (24-26 Years) 0 .00 .00
Doc Type Count Balance Percent 313-336 Months (26-28 Years) 2 150,356.91 .12
- -------- ----- ------- ------- 337+ Months (28+ Years) 936 103,492,266.99 83.49
FULL 709 63,348,429.60 51.11 ---------------------------------------------------------------------
NIV 192 28,627,924.49 23.10 TOTAL: 1144 123,950,699.09 100.00
NO RATIO 243 31,974,345.00 25.80
NINA 0 .00 .00
ALT 0 .00 .00 LOAN 1st PAYMENT DISTRIBUTION
Other 0 .00 .00 -----------------------------
- ----------------------------------------------------- 1st Payment Date Count Balance Percent
TOTAL: 1144 123,950,699.09 100.00 ---------------- ----- ------- -------
0 Months Old 804 86,082,954.50 69.45
PROPERTY TYPE DISTRIBUTION 1 Month Old 265 30,101,728.21 24.29
-------------------------- 2 Months Old 50 4,522,417.70 3.65
Property Type Count Balance Percent 3 Months Old 9 1,402,976.87 1.13
- ------------- ----- ------- ------- 4 Months Old 8 953,699.84 .77
Single Family 654 73,448,043.84 59.26 5 Months Old 6 542,936.31 .44
Multi Family 211 20,775,556.72 16.76 6 Months Old 1 254,925.42 .21
COOP 0 .00 .00 7 Months Old 1 89,060.24 .07
PUD 130 17,280,400.05 13.94 8 Months Old 0 .00 .00
Condo -High Rise 0 .00 .00 9 Months Old 0 .00 .00
-Low Rise 0 .00 .00 10 Months Old 0 .00 .00
-Condotels 0 .00 .00 11 Months Old 0 .00 .00
-Unknown 126 9,643,233.49 7.78 12 Months Old 0 .00 .00
Manufac. House 0 0 0 1-2 Years (13-24 Months Old) 0 .00 .00
Other 23 2,803,464.99 2.26 2-3 Years (25-36 Months Old) 0 .00 .00
- ----------------------------------------------------- 3-4 Years (37-48 Months Old) 0 .00 .00
TOTAL: 1144 123,950,699.09 100.00 4-6 Years (49-72 Months Old) 0 .00 .00
6-8 Years (73-96 Months Old) 0 .00 .00
OCCUPANCY DISTRIBUTION 8-10 Years (97-120 Months Old) 0 .00 .00
---------------------- 10 + Years (121+ Months Old) 0 .00 .00
Occupancy Count Balance Percent ---------------------------------------------------------------------
- --------- ----- ------- ------- TOTAL: 1144 123,950,699.09 100.00
None 2 193,000.00 .16
Primary 504 70,783,632.29 57.11
Vacation 84 9,699,726.92 7.83
Investor 554 43,274,339.88 34.91
Other 0 .00 .00
- -----------------------------------------------------
TOTAL: 1144 123,950,699.09 100.00
PURPOSE DISTRIBUTION
--------------------
Purpose Count Balance Percent
- ------- ----- ------- -------
Cash Out Refi 209 26,579,506,96 21.44
Purchase 721 72,231,212.45 58.27
Rate Term Reti 214 25,139,979.68 20.28
Other 0 .00 .00
- -----------------------------------------------------
TOTAL: 1144 123,950,699.09 100.00
</TABLE>
<PAGE>
[LOGO] Chase Manhattan Mortgage Corporation - Pool Summary
Count Original Balance Current Balance Average Original Bal
- ----- ---------------- --------------- --------------------
1,144 124,029,306.00 123,950,699.09 108,417.23
<TABLE>
<CAPTION>
LTV DISTRIBUTION ORIGINAL BALANCE DISTRIBUTION
---------------- -----------------------------
LTV Count Balance Percent Count Balance Percent
- --- ----- ------- ------- ----- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
0-50.00 49 4,341,885.84 3.50 0-50,000.00 206 7,821,913,92 6.31
50.01-60.00 67 7,728,021.96 6.23 50,000.01-100,000.00 477 35,353,130.55 28.52
60.01-70.00 163 17,932,737.75 14.47 100,000.01-150,000.00 238 29,052,389.15 23.44
70.01-75.00 103 15,131,262.61 12.21 160,000.01-200,000.00 117 20,614,178.33 16.63
75.01-80.00 339 43,487,162.08 35.08 200,000.01-225,000.00 27 5,843,438.96 4.71
80.01-85.00 44 5,208,703.98 4.20 225,000.01-227,150.00 2 454,150.00 .37
85.01-90.00 340 25,626,235.15 20.67 227,150.01-350,000.00 57 15,488,755.49 12.50
90.01-95.00 39 4,494,689.72 3.63 350,000.01-400,000.00 4 1,513,311.91 1.22
95.01-100.00 0 .00 .00 400,000.01-500,000.00 13 5,938,616.79 4.79
100.01+ 0 .00 .00 500,000.01-650,000.00 3 1,870,813.99 1.51
- ----------------------------------------------------- 650,000.01-1,000,000.00 0 .00 .00
TOTAL: 1144 123,950,699.09 100.00 1,000,000.01+ 0 .00 .00
---------------------------------------------------------------------
TOTAL: 1144 123,950,699.09 100.00
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
6.875 .0000 .0000 0 .00 .00 9.625 .0000 .0000 0 .00 .00
6.000 .0000 .0000 0 .00 .00 9.750 .0000 .0000 0 .00 .00
6.125 .0000 .0000 0 .00 .00 9.875 .0000 .0000 0 .00 .00
6.250 .0000 .0000 0 .00 .00 10.000 .0000 .0000 0 .00 .00
6.375 .0000 .0000 0 .00 .00 10.125 .0000 .0000 0 .00 .00
6.500 .0000 6.5000 2 180,700.00 .15 10.250 .0000 .0000 0 .00 .00
6.625 .0000 6.6250 1 120,600.00 .10 10.375 .0000 .0000 0 .00 .00
6.750 .0000 6.7500 8 932,341.77 .75 10.500 .0000 .0000 0 .00 .00
6.875 .0000 6.8750 24 3,083,126.55 2.49 10.625 .0000 .0000 0 .00 .00
7.000 .0000 7.0000 32 3,815,316.01 3.08 10.750 .0000 .0000 0 .00 .00
7.125 .0000 7.1250 22 2,531,223.53 2.04 10.875 .0000 .0000 0 .00 .00
7.250 .0000 7.2500 48 5,837,235.63 4.71 11.000 .0000 .0000 0 .00 .00
7.375 .0000 7.3750 56 6,041,825.03 4.87 11.125 .0000 .0000 0 .00 .00
7.500 .0000 7.5000 112 13,359,802.19 10.78 11.250 .0000 .0000 0 .00 .00
7.625 .0000 7.6250 115 14,239,627.38 11.49 11.375 .0000 .0000 0 .00 .00
7.750 .0000 7.7500 139 14,721,712.89 11.88 11.500 .0000 .0000 0 .00 .00
7.875 .0000 7.8750 205 22,856,193.70 18.44 11.625 .0000 .0000 0 .00 .00
8.000 .0000 8.0000 168 16,295,906.19 13.15 11.750 .0000 .0000 0 .00 .00
8.125 .0000 8.1250 79 7,161,501.04 5.78 11.875 .0000 .0000 0 .00 .00
8.250 .0000 8.2500 47 4,762,060.26 3.84 12.000 .0000 .0000 0 .00 .00
8.375 .0000 8.3750 25 2,354,234.85 1.90 12.125 .0000 .0000 0 .00 .00
8.500 .0000 8.5000 61 5,657,292.07 4.56 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: 1144 123,950,699.09 100.00
</TABLE>
<PAGE>
[LOGO] Chase Manhattan Mortgage Corporation - Pool Summary
Count Original Balance Current Balance Average Original Bal
- ----- ---------------- --------------- --------------------
1,144 124,029,306.00 123,950,699.09 108,417.23
<TABLE>
<CAPTION>
FICO CREDIT SCORES UNINSURED LOANS (NO MI) BY LTV
------------------ ------------------------------
FICOScore Count Balance Percent LTV Count Balance Percent
- --- ----- ------- ------- --- ----- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
0-1/Unknown 185 19,719,196.30 15.91 <80.01 721 88,621,070.24 71.50
2 - 500 11 1,484,907.53 1.20 80.01 - 85.00 15 1,568,350.00 1.27
500.01 - 600 2 277,780.70 .22 85.01 - 90.00 77 6,679,140.00 5.39
600.01 - 620 5 421,284.28 .34 90.01 - 95.00 11 1,484,600.00 1.20
620.01 - 640 23 1,555,102.71 1.25 95.01 - 100.00 0 .00 Go
640.01 - 660 52 4,874,505.75 3.93 100.01 + 0 .00 .00
660.01 - 680 82 8,334,075.06 6.72 -----------------------------------------------------
680.01 - 700 167 21,077,941.69 17.01 AGG UNINSURED 824 98,353,160.24 79.35
700.01 - 720 153 17,719,372.82 14.30 AGG INSURED 320 25,597,538.85 20.65
720.01 - 740 156 16,775,519.86 13.53 -----------------------------------------------------
740.01 - 760 146 15,775,715.99 12.73 TOTAL 1,144 123,950,699.09 100.00
760.01 - 780 106 10,039,467.10 8.10
780.01 - 800 49 5,434,188.95 4.38 INTL/DOMESTIC BORROWERS DISTRIBUTION
800.01 - 820 7 461,640.35 .37 ------------------------------------
820+ 0 .00 .00 Int'l/Domes Count Balance Percent
- ----------------------------------------------------- ----------- ----- ------- -------
TOTAL 1144 123,950,699.09 100.00 International 63 7,283,231.56 5.88
Max Score: 815 Min Score: 6 Domestic 1,081 116,667,467.53 94.12
Wtd Avg. Score (FIC0 > 1): 709 -----------------------------------------------------
TOTAL: 1144 123,950,699.09 100.00
FULL STATE DISTRIBUTION
-----------------------
State Count Balance Percent State Count Balance Percent
- ----- ----- ------- ------- ----- ----- ------- -------
AL 3 322,342.98 .26 NC 33 2,627,085.83 2.12
AR 1 98,000.00 .08 ND 1 56,923.25 .05
AZ 64 6,353,164.51 5.13 NE 0 .00 .00
CA 60 12,359,280.88 9.97 NH 13 1,310,978.32 1.06
CO 21 2,552,243.10 2.06 NJ 29 3,587,281.98 2.89
CT 16 1,834,263.99 1.48 NM 9 946,904.11 .76
DC 4 610,325.42 .49 NV 26 3,033,584.63 2.45
DE 4 285,060.07 .23 NY 88 12,676,725.19 10.23
FL 204 18,676,925.73 15.07 OH 40 2,835,466.38 2.29
GA 33 3,105,563.69 2.51 OK 17 1,006,971.54 .81
HI 3 366,201.67 .30 OR 10 1,334,547.84 1.08
IA 3 199,243.85 .16 PA 38 3,601,544.27 2.91
ID 1 78,300.00 .06 RI 22 2,223,222.10 1.79
IL 52 6,340,280.81 5.12 SC 18 1,532,695.26 1.24
IN 8 413,428.89 .33 SU 0 .00 .00
KS 6 463,467.43 .37 TN 17 2,251,185.85 1.82
KY 4 253,650.00 .20 TX 98 7,965,186.74 6.43
LA 16 1,196,516.47 .97 UT 14 1,963,178.99 1.58
MA 33 5,278,219.39 4.26 VA 20 1,818,394.23 1.47
MD 16 2,674,981.75 2.16 VT 2 219,950.00 .18
ME 2 147,550.00 .12 WA 11 1,639,228.25 1.32
MI 34 3,452,841.60 2.79 WI 6 450,052.13 .36
MN 10 1,132,730.24 .91 WV 1 78,944.24 .06
MO 28 2,217,324.37 1.79 WY 0 .00 .00
MS 3 185,740.22 .15 UNKNOWN 2 193,000.00 .16
MT 0 .00 .00 -----------------------------------------------------
TOTAL: 1144 123,950,699.09 100.00
</TABLE>
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