CHASE MORTGAGE FINANCE CORP
8-K, 2000-05-09
ASSET-BACKED SECURITIES
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<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: April 25, 2000

                       CHASE MORTGAGE FINANCE CORPORATION
                       ----------------------------------
                           (Exact Name of Registrant)

         Delaware                        333-56081               52-1495132
- ----------------------------    ------------------------     -------------------
(State or other jurisdiction    (Commission File Number)     (IRS Employer
of incorporation)                                            Identification No.)


         343 Thornall Street, Edison, NJ                08837
         ----------------------------------------    ----------
         (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 April 25, 2000, Chase Mortgage Finance Corporation (the
"Depositor") made the distributions to holders of its Mortgage Pass-Through
Certificates, Series 2000-S1, Series 2000-S2 and Series 2000-S3 contemplated by
the applicable Pooling and Servicing Agreements for such Series (collectively,
the "Pooling and Servicing Agreements").

         Copies of the Certificateholders' Reports with respect to such
distributions delivered pursuant to Section 6.02 of the Pooling and Servicing
Agreements 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 April 25, 2000
                              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:  May 9, 2000

                                   THE CHASE MANHATTAN BANK,
                                   As Paying Agent, on behalf of Chase
                                   Mortgage Finance Corp.

                                   By:  /s/ Andrew M. Cooper
                                   --------------------------
                                   Name:  Andrew M. Cooper
                                   Title: Trust Officer


<PAGE>




                                INDEX TO EXHIBITS
                                -----------------

Exhibit No.          Description
- ---------------      -----------------
20.1                 Monthly Reports with respect to the  distribution to
                     certificateholders on April 25, 2000.




<PAGE>

                                                                          Page 1
Chase Mortgage Finance Trust, Series 2000-S1
                                                 Statement to Certificateholders
                                                 April 25 2000

<TABLE>
<CAPTION>

        DISTRIBUTION IN DOLLARS
             ORIGINAL             PRIOR                                                                             CURRENT
              FACE               PRINCIPAL                                                     REALIZED   DEFERRED  PRINCIPAL
   CLASS     VALUE                BALANCE        PRINCIPAL    INTEREST        TOTAL             LOSES     INTEREST   BALANCE
<S>     <C>                    <C>               <C>          <C>            <C>             <C>         <C>      <C>
A1             109,318,000.00   106,430,765.77     216,424.71    643,019.21     859,443.92        0.00       0.00 106,214,341.06
A2              10,554,000.00    10,554,000.00           0.00     67,061.88      67,061.88        0.00       0.00  10,554,000.00
A3               1,591,000.00     1,591,000.00           0.00     10,275.21      10,275.21        0.00       0.00   1,591,000.00
A4               3,152,000.00     3,152,000.00           0.00     20,356.67      20,356.67        0.00       0.00   3,152,000.00
A5               8,439,000.00     8,439,000.00           0.00     45,711.25      45,711.25        0.00       0.00   8,439,000.00
A6              17,037,000.00    17,037,000.00           0.00    102,931.88     102,931.88        0.00       0.00  17,037,000.00
A7              17,300,000.00    17,300,000.00           0.00    104,520.83     104,520.83        0.00       0.00  17,300,000.00
AP                 235,695.00       235,282.95         253.60          0.00         253.60        0.00       0.00     235,029.35
AR                     100.00             0.00           0.00          0.00           0.00        0.00       0.00           0.00
M                3,413,000.00     3,408,451.79       2,306.09     20,592.73      22,898.82        0.00       0.00   3,406,145.70
B1               1,664,000.00     1,661,782.53       1,124.33     10,039.94      11,164.27        0.00       0.00   1,660,658.20
B2                 875,000.00       873,833.97         591.22      5,279.41       5,870.63        0.00       0.00     873,242.75
B3                 613,000.00       612,183.10         414.19      3,698.61       4,112.80        0.00       0.00     611,768.91
B4                 437,000.00       436,417.65         295.27      2,636.69       2,931.96        0.00       0.00     436,122.38
B5                 438,491.38       437,907.04         296.28      2,645.69       2,941.97        0.00       0.00     437,610.76
TOTALS         175,067,286.38   172,169,624.80     221,705.69  1,038,770.00   1,260,475.69        0.00       0.00 171,947,919.11

AX             168,855,745.69   165,968,235.86           0.00     82,718.33      82,718.33        0.00       0.00 165,752,079.57


    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                               PASS-THROUGH RATES
                       PRIOR                                                        CURRENT                                CURRENT
                       PRINCIPAL                                                    PRINCIPAL         CLASS              PASS THRU
CLASS   CUSIP          FACTOR            PRINCIPAL     INTEREST       TOTAL          FACTOR                                   RATE
<S>     <C>           <C>                <C>           <C>           <C>         <C>                <C>         <C>
A1      16162TRV0       973.58866582     1.97977195    5.88209819     7.86187014   971.60889387       A1                  7.250000 %
A2      16162TRW8     1,000.00000000     0.00000000    6.35416714     6.35416714 1,000.00000000       A2                  7.625000 %
                                                                                      (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
</TABLE>


<PAGE>

                                                                          Page 2
Chase Mortgage Finance Trust, Series 2000-S1
                                                 Statement to Certificateholders
                                                 April 25 2000
<TABLE>
<CAPTION>

    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                                 PASS-THROUGH RATES
                               PRIOR                                                      CURRENT                           CURRENT
                               PRINCIPAL                                                  PRINCIPAL       CLASS           PASS THRU
 CLASS      CUSIP              FACTOR          PRINCIPAL      INTEREST        TOTAL       FACTOR                             RATE
<S>        <C>                <C>              <C>            <C>             <C>        <C>              <C>     <C>
A3         16162TRX6          1,000.00000000     0.00000000    6.45833438     6.45833438 1,000.00000000    A3            7.750000 %
A4         16162TRY4          1,000.00000000     0.00000000    6.45833439     6.45833439 1,000.00000000    A4            7.750000 %
A5         16162TRZ1          1,000.00000000     0.00000000    5.41666667     5.41666667 1,000.00000000    A5            6.500000 %
A6         16162TSA5          1,000.00000000     0.00000000    6.04166696     6.04166696 1,000.00000000    A6            7.250000 %
A7         16162TSB3          1,000.00000000     0.00000000    6.04166647     6.04166647 1,000.00000000    A7            7.250000 %
AP         16162TSC1            998.25176605     1.07596682    0.00000000     1.07596682   997.17579923    AP            0.000000 %
AR         16162TSD9              0.00000000     0.00000000    0.00000000     0.00000000     0.00000000    AR            7.250000 %
M          16162TSE7            998.66738646     0.67567829    6.03361559     6.70929388   997.99170817    M             7.250000 %
B1         16162TSF4            998.66738582     0.67567909    6.03361779     6.70929688   997.99170673    B1            7.250000 %
B2         16162TSG2            998.66739429     0.67568000    6.03361143     6.70929143   997.99171429    B2            7.250000 %
B3         16162TSJ6            998.66737357     0.67567700    6.03362153     6.70929853   997.99169657    B3            7.250000 %
B4         16162TSK3            998.66739130     0.67567506    6.03361556     6.70929062   997.99171625    B4            7.250000 %
B5         161626TSL1           998.66738543     0.67568033    6.03361918     6.70929951   997.99170510    B5            7.250000 %
TOTALS                          983.44829785     1.26640273    5.93354716     7.19994989   982.18189512

AX         16162TSH0            982.89954648     0.00000000    0.48987572     0.48987572   981.61942250    AX            0.598079 %
</TABLE>


IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:

Andrew Cooper
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-7113
Email: [email protected]
                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 3
Chase Mortgage Finance Trust, Series 2000-S1
                                                         April 25 2000

<TABLE>
<CAPTION>

<S>                         <C>                                                                                 <C>
Sec. 6.02(a)(iii)           Aggregate Amount of Principal Prepayments                                                105,178.11
                            Aggregate Amount of Repurchase Proceeds                                                        0.00

Sec. 6.02(a)(iv)            Aggregate Servicer Advances                                                               31,089.10

Sec. 6.02(a)(v)             Number of Outstanding Mortgage Loans                                                            548
                            Ending Principal Balance of Outstanding Mortgage Loans                               171,947,919.11

Sec. 6.02(a)(vi)            Aggregate Amount of Servicing Fees                                                        45,036.70

Sec. 6.02(a)(vii)           Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency
                                            Group 1
                                                                        Principal
                                           Category       Number         Balance        Percentage
                                           1 Month                  1        174,662.92           0.10 %
                                           2 Months                 0              0.00           0.00 %
                                           3+Months                 0              0.00           0.00 %
                                            Total                   1        174,662.92           0.10 %

                            Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure
                                            Group 1
                                                          Principal
                                            Number        Balance         Percentage

                                                      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                                           33,094.12
</TABLE>

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 4
<TABLE>
<CAPTION>

Chase Mortgage Finance Trust, Series 2000-S1
                                                         April 25 2000

<S>                         <C>                                                                                 <C>
Sec. 6.02(a)(x)             Credit Support Information Based Upon Beginning Balances
                            Class A Percentage                                                                        95.68415 %
                            Class M Percentage                                                                         1.97971 %
                            Class B Percentage                                                                         2.33614 %
                            Class A Principal Balance                                                             164,739,048.72
                            Class M Principal Balance                                                               3,408,451.79
                            Class B Principal Balance                                                               4,022,124.29
                            NON-PO Class A Percentage                                                                 95.67825 %
                            NON-PO Class A Prepayment Percentage                                                     100.00000 %
                            M Credit Support                                                                              2.34 %
                            B1 Credit Support                                                                             1.37 %
                            B2 Credit Support                                                                             0.86 %
                            B3 Credit Support                                                                             0.51 %
                            B4 Credit Support                                                                             0.25 %
</TABLE>






                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 5
Chase Mortgage Finance Trust, Series 2000-S1
                                                         April 25 2000

<TABLE>
<CAPTION>

<S>                         <C>                                                                                 <C>
Sec. 6.02(a)(x)             Credit Support Information Based Upon Ending Balances
                            Class A Percentage                                                                         95.68151 %
                            Class M Percentage                                                                          1.98092 %
                            Class B Percentage                                                                          2.33757 %
                            Class A Principal Balance                                                              164,522,370.41
                            Class M Principal Balance                                                                3,406,145.70
                            Class B Principal Balance                                                                4,019,403.00
                            NON-PO Class A Percentage                                                                  95.67560 %
                            NON-PO Class A Prepayment Percentage                                                      100.00000 %
                            M Credit Support                                                                               2.34 %
                            B1 Credit Support                                                                              1.37 %
                            B2 Credit Support                                                                              0.87 %
                            B3 Credit Support                                                                              0.51 %
                            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
</TABLE>







                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 1
Chase Mortgage Finance Trust, Series 2000-S2
                                                 Statement to Certificateholders
                                                 April 25 2000

<TABLE>
<CAPTION>

        DISTRIBUTION IN DOLLARS
             ORIGINAL              PRIOR                                                                             CURRENT
              FACE                PRINCIPAL                                                   REALIZED   DEFERRED   PRINCIPAL
CLASS         VALUE               BALANCE         PRINCIPAL     INTEREST        TOTAL            LOSES   INTEREST    BALANCE
<S>     <C>                     <C>              <C>            <C>           <C>             <C>      <C>        <C>
A1              35,841,000.00    35,997,080.90      11,667.19     96,458.93     108,126.12        0.00 166,552.70  36,151,966.41
A2              31,630,000.00    31,630,000.00           0.00    191,097.92     191,097.92        0.00       0.00  31,630,000.00
A3              45,985,464.00    45,598,793.71     448,102.33    265,992.96     714,095.29        0.00       0.00  45,150,691.38
A4               1,205,090.00     1,181,661.66      24,498.34          0.00      24,498.34        0.00       0.00   1,157,163.32
A5               3,305,000.00     2,066,723.56   1,255,909.15          0.00   1,255,909.15        0.00  13,175.36     823,989.77
A6              23,506,000.00    23,506,000.00           0.00    142,015.42     142,015.42        0.00       0.00  23,506,000.00
A7               2,000,000.00     2,000,000.00           0.00     12,083.33      12,083.33        0.00       0.00   2,000,000.00
AP                 218,369.00       218,196.62         192.11          0.00         192.11        0.00       0.00     218,004.51
AR                     100.00             0.00           0.00          0.00           0.00        0.00       0.00           0.00
M                3,151,450.00     3,149,398.11       2,070.19     19,683.74      21,753.93        0.00       0.00   3,147,327.92
B1               1,425,656.00     1,424,727.76         936.51      8,904.55       9,841.06        0.00       0.00   1,423,791.25
B2                 675,311.00       674,871.31         443.61      4,217.95       4,661.56        0.00       0.00     674,427.70
B3                 450,207.00       449,913.87         295.74      2,811.96       3,107.70        0.00       0.00     449,618.13
B4                 300,139.00       299,943.58         197.16      1,874.65       2,071.81        0.00       0.00     299,746.42
B5                 375,172.73       374,928.46         246.45      2,343.30       2,589.75        0.00       0.00     374,682.01
TOTALS         150,068,958.73   148,572,239.54   1,744,558.78    747,484.71   2,492,043.49        0.00 179,728.06 147,007,408.82

AX             141,990,248.97   140,499,637.68           0.00     52,647.94      52,647.94        0.00       0.00 138,941,813.49
A1C2            66,713,000.00    66,713,000.00           0.00     13,898.54      13,898.54        0.00       0.00  66,713,000.00
A1C4            45,985,464.00    45,598,793.71           0.00     24,699.35      24,699.35        0.00       0.00  45,150,691.38

A1C1             9,577,000.00     9,577,000.00      57,861.04          0.00      57,861.04        0.00       0.00   9,577,000.00
A1C3            25,964,000.00    26,125,913.25           0.00      5,568.47       5,568.47        0.00  166,552.70 26,286,897.48
A1C5               300,000.00       294,167.65           0.00      6,098.72       6,098.72        0.00       0.00     288,068.93
</TABLE>

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 2
Chase Mortgage Finance Trust, Series 2000-S2
                                                 Statement to Certificateholders
                                                 April 25 2000

<TABLE>
<CAPTION>
    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                                 PASS-THROUGH RATES
                            PRIOR                                                        CURRENT                        CURRENT
                           PRINCIPAL                                                     PRINCIPAL         CLASS       PASS THRU
 CLASS      CUSIP          FACTOR             PRINCIPAL     INTEREST        TOTAL         FACTOR                          RATE
<S>        <C>            <C>               <C>            <C>           <C>          <C>                 <C>     <C>
A1         16162TSM9       1,004.35481432     0.32552635    2.69130130     3.01682766 1,008.67627605       A1           3.215558 %
A2         16162TSN7       1,000.00000000     0.00000000    6.04166677     6.04166677 1,000.00000000       A2           7.250000 %
A3         16162TSP2         991.59146703     9.74443424    5.78428349    15.52871773   981.84703279       A3           7.000000 %
A4         16162TSQ0         980.55884623    20.32905426    0.00000000    20.32905426   960.22979197       A4           0.000000 %
A5         16162TSR8         625.33239334   380.00276853    0.00000000   380.00276853   249.31611800       A5           7.650000 %
A6         16162TSS6       1,000.00000000     0.00000000    6.04166681     6.04166681 1,000.00000000       A6           7.250000 %
A7         16162TST4       1,000.00000000     0.00000000    6.04166500     6.04166500 1,000.00000000       A7           7.250000 %
AP         16162TSU1         999.21060224     0.87974941    0.00000000     0.87974941   998.33085282       AP           0.000000 %
AR         16162TSV9           0.00000000     0.00000000    0.00000000     0.00000000     0.00000000       AR           7.500000 %
M          16162TSW7         999.34890606     0.65690079    6.24593124     6.90283203   998.69200527       M            7.500000 %
B1         16162TSX5         999.34890324     0.65689760    6.24593170     6.90282929   998.69200565       B1           7.500000 %
B2         16162TSY3         999.34890739     0.65689734    6.24593706     6.90283440   998.69201005       B2           7.500000 %
B3         16162TTA4         999.34889951     0.65689783    6.24592687     6.90282470   998.69200168       B3           7.500000 %
B4         16162TTB2         999.34890168     0.65689564    6.24593938     6.90283502   998.69200604       B4           7.500000 %
B5         16162TTC0         999.34891323     0.65689742    6.24592304     6.90282047   998.69201581       B5           7.500000 %
TOTALS                       990.02645715    11.62504754    4.98094154    16.60598908   979.59904609

AX         16162TSZ0         989.50201651     0.00000000    0.37078560     0.37078560   978.53067022       AX           0.449663 %
A1C2                       1,000.00000000     0.00000000    0.20833331     0.20833331 1,000.00000000       A1C2         0.250000 %
A1C4                         991.59146703     0.00000000    0.53711212     0.53711212   981.84703279       A1C4         0.650000 %

A1C1                       1,000.00000000     6.04166649    0.00000000     6.04166649 1,000.00000000       A1C1         7.250000 %
A1C3                       1,006.23606725     0.00000000    0.21446888     0.21446888 1,012.43635341       A1C3         7.650000 %
A1C5                         980.55883333     0.00000000   20.32906667    20.32906667   960.22976667       A1C5         0.000000 %
</TABLE>

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 3
Chase Mortgage Finance Trust, Series 2000-S2
                                                 Statement to Certificateholders
                                                 April 25 2000














IF THERE, ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:

Andrew Cooper
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-7113
Email: [email protected]
                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 4
Chase Mortgage Finance Trust, Series 2000-S2
                                                         April 25 2000

<TABLE>
<CAPTION>

<S>                         <C>                                                                                     <C>
Sec. 6.02(a)(iii)           Aggregate Amount of Principal Prepayments                                                  1,467,147.64
                            Aggregate Amount of Repurchase Proceeds                                                            0.00

Sec. 6.02(a)(iv)            Aggregate Servicer Advances                                                                        0.00

Sec. 6.02(a)(v)             Number of Outstanding Mortgage Loans                                                                466
                            Ending Principal Balance of Outstanding Mortgage Loans                                   147,007,409.18

Sec. 6.02(a)(vi)            Aggregate Amount of Servicing Fees                                                            38,864.02

Sec. 6.02(a)(vii)           Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency
                                            Group 1
                                                                        Principal
                                           Category       Number         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
                                                          Principal
                                            Number        Balance         Percentage

                                                      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
</TABLE>

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 5
Chase Mortgage Finance Trust, Series 2000-S2
                                                         April 25 2000

<TABLE>
<CAPTION>

<S>                         <C>                                                                                    <C>
Sec. 6.02(a)(x)             Credit Support Information Based Upon Beginning Balances
                            Class A Percentage                                                                          95.70998 %
                            Class M Percentage                                                                           2.11978 %
                            Class B Percentage                                                                           2.17025 %
                            Class A Principal Balance                                                               142,198,456.45
                            Class M Principal Balance                                                                 3,149,398.11
                            Class B Principal Balance                                                                 3,224,384.98
                            NON-PO Class A Percentage                                                                   95.70367 %
                            NON-PO Class A Prepayment Percentage                                                       100.00000 %
                            M Credit Support                                                                                2.17 %
                            B1 Credit Support                                                                               1.21 %
                            B2 Credit Support                                                                               0.76 %
                            B3 Credit Support                                                                               0.45 %
                            B4 Credit Support                                                                               0.25 %
</TABLE>








                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 6
Chase Mortgage Finance Trust, Series 2000-S2
                                                         April 25 2000

<TABLE>
<CAPTION>

<S>                         <C>                                                                                      <C>
Sec. 6.02(a)(x)             Credit Support Information Based Upon Ending Balances
                            Class A Percentage                                                                            95.66716 %
                            Class M Percentage                                                                             2.14093 %
                            Class B Percentage                                                                             2.19191 %
                            Class A Principal Balance                                                                 140,637,815.39
                            Class M Principal Balance                                                                   3,147,327.92
                            Class B Principal Balance                                                                   3,222,265.50
                            NON-PO Class A Percentage                                                                     95.66073 %
                            NON-PO Class A Prepayment Percentage                                                         100.00000 %
                            M Credit Support                                                                                  2.20 %
                            B1 Credit Support                                                                                 1.23 %
                            B2 Credit Support                                                                                 0.77 %
                            B3 Credit Support                                                                                 0.46 %
                            B4 Credit Support                                                                                 0.26 %

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
</TABLE>










                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION


<PAGE>

                                                                          Page 1
Chase Mortgage Finance Trust, Series 2000-S3
                                                 Statement to Certificateholders
                                                 April 25 2000

<TABLE>
<CAPTION>

        DISTRIBUTION IN DOLLARS
                ORIGINAL            PRIOR                                                                            CURRENT
                 FACE              PRINCIPAL                                                   REALIZED   DEFERRED   PRINCIPAL
   CLASS        VALUE              BALANCE         PRINCIPAL      INTEREST        TOTAL          LOSES    INTEREST    BALANCE
<S>     <C>                     <C>               <C>           <C>          <C>               <C>        <C>      <C>
A1              98,250,500.00    98,250,500.00     727,382.00    634,534.48   1,361,916.48        0.00       0.00   97,523,118.00
A2              13,560,700.00    13,560,700.00           0.00     87,579.52      87,579.52        0.00       0.00   13,560,700.00
A3              12,423,400.00    12,423,400.00       7,828.09     80,234.46      88,062.55        0.00       0.00   12,415,571.91
AP                 348,147.00       348,147.00         272.77          0.00         272.77        0.00       0.00      347,874.23
AR                     100.00           100.00         100.00          0.65         100.65        0.00       0.00            0.00
M                2,732,455.00     2,732,455.00       1,721.74     17,647.11      19,368.85        0.00       0.00    2,730,733.26
B1               1,236,071.00     1,236,071.00         778.86      7,982.96       8,761.82        0.00       0.00    1,235,292.14
B2                 585,508.00       585,508.00         368.93      3,781.41       4,150.34        0.00       0.00      585,139.07
B3                 390,339.00       390,339.00         245.96      2,520.94       2,766.90        0.00       0.00      390,093.04
B4                 260,226.00       260,226.00         163.97      1,680.63       1,844.60        0.00       0.00      260,062.03
B5                 325,281.91       325,281.91         204.96      2,100.78       2,305.74        0.00       0.00      325,076.95
TOTALS         130,112,727.91   130,112,727.91     739,067.28    838,062.94   1,577,130.22        0.00       0.00  129,373,660.63

AX             112,015,283.11   112,015,283.11           0.00     36,439.85      36,439.85        0.00       0.00  111,289,487.33

<CAPTION>

    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                                 PASS-THROUGH RATES
                           PRIOR                                                       CURRENT                           CURRENT
                           PRINCIPAL                                                   PRINCIPAL         CLASS          PASS THRU
 CLASS      CUSIP          FACTOR         PRINCIPAL       INTEREST       TOTAL          FACTOR                            RATE
<S>        <C>           <C>             <C>              <C>         <C>            <C>                <C>       <C>
A1         16162TTD8      1,000.00000000     7.40334146    6.45833334    13.86167480   992.59665854       A1           7.750000 %
A2         16162TTE6      1,000.00000000     0.00000000    6.45833327     6.45833327 1,000.00000000       A2           7.750000 %
A3         16162TTF3      1,000.00000000     0.63010850    6.45833347     7.08844197   999.36989150       A3           7.750000 %
AP         16162TTG1      1,000.00000000     0.78349088    0.00000000     0.78349088   999.21650912       AP           0.000000 %
AR         16162TTH9      1,000.00000000 1,000.00000000    6.50000000 1,006.50000000     0.00000000       AR           7.750000 %
M          16162TTJ5      1,000.00000000     0.63010736    6.45833509     7.08844244   999.36989264       M            7.750000 %
                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
</TABLE>

<PAGE>

                                                                          Page 2
Chase Mortgage Finance Trust, Series 2000-S3
                                                 Statement to Certificateholders
                                                 April 25 2000
<TABLE>
<CAPTION>

    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                                 PASS-THROUGH RATES
                            PRIOR                                                         CURRENT                        CURRENT
                            PRINCIPAL                                                    PRINCIPAL       CLASS          PASS THRU
CLASS      CUSIP            FACTOR            PRINCIPAL     INTEREST       TOTAL          FACTOR                           RATE
<S>        <C>             <C>                <C>           <C>          <C>            <C>             <C>       <C>
B1         16162TTK2       1,000.00000000     0.63010944    6.45833451     7.08844395   999.36989056       B1            7.750000 %
B2         16162TTL0       1,000.00000000     0.63010241    6.45834045     7.08844286   999.36989759       B2            7.750000 %
B3         16162TTN6       1,000.00000000     0.63011895    6.45833493     7.08845388   999.36988105       B3            7.750000 %
B4         16162TTP1       1,000.00000000     0.63010614    6.45834774     7.08845388   999.36989386       B4            7.750000 %
B5         16162TTQ9       1,000.00000000     0.63009960    6.45833640     7.08843600   999.36990040       B5            7.750000 %
TOTALS                     1,000.00000000     5.68020740    6.44105272    12.12126012   994.31979260

AX         16162TTM8       1,000.00000000     0.00000000    0.32531141     0.32531141   993.52056470       AX            0.390374 %
</TABLE>










IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:

Andrew Cooper
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-7113
Email: [email protected]
                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 3
Chase Mortgage Finance Trust, Series 2000-S3
                                                         April 25 2000

<TABLE>
<CAPTION>

<S>                         <C>                                                                               <C>
Sec. 6.02(a)(iii)           Aggregate Amount of Principal Prepayments                                              657,058.36
                            Aggregate Amount of Repurchase Proceeds                                                      0.00

Sec. 6.02(a)(iv)            Aggregate Servicer Advances                                                                  0.00

Sec. 6.02(a)(v)             Number of Outstanding Mortgage Loans                                                          338
                            Ending Principal Balance of Outstanding Mortgage Loans                             129,373,660.63

Sec. 6.02(a)(vi)            Aggregate Amount of Servicing Fees                                                      34,143.75

Sec. 6.02(a)(vii)           Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency
                                            Group 1
                                                                        Principal
                                           Category       Number         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
                                                          Principal
                                            Number        Balance         Percentage

                                                      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
</TABLE>

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 4
Chase Mortgage Finance Trust, Series 2000-S3
                                                         April 25 2000
<TABLE>
<CAPTION>

<S>                         <C>                                                                                   <C>
Sec. 6.02(a)(x)             Credit Support Information Based Upon Beginning Balances
                            Class A Percentage                                                                          95.74993 %
                            Class M Percentage                                                                           2.10007 %
                            Class B Percentage                                                                           2.15000 %
                            Class A Principal Balance                                                               124,582,847.00
                            Class M Principal Balance                                                                 2,732,455.00
                            Class B Principal Balance                                                                 2,797,425.91
                            NON-PO Class A Percentage                                                                   95.73853 %
                            NON-PO Class A Prepayment Percentage                                                       100.00000 %
                            M Credit Support                                                                                2.16 %
                            B1 Credit Support                                                                               1.20 %
                            B2 Credit Support                                                                               0.75 %
                            B3 Credit Support                                                                               0.45 %
                            B4 Credit Support                                                                               0.25 %
</TABLE>












                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 5
Chase Mortgage Finance Trust, Series 2000-S3
                                                         April 25 2000

<TABLE>
<CAPTION>

<S>                         <C>                                                                                <C>
Sec. 6.02(a)(x)             Credit Support Information Based Upon Ending Balances
                            Class A Percentage                                                                        95.72834 %
                            Class M Percentage                                                                         2.11073 %
                            Class B Percentage                                                                         2.16092 %
                            Class A Principal Balance                                                             123,847,264.14
                            Class M Principal Balance                                                               2,730,733.26
                            Class B Principal Balance                                                               2,795,663.23
                            NON-PO Class A Percentage                                                                 95.71683 %
                            NON-PO Class A Prepayment Percentage                                                     100.00000 %
                            M Credit Support                                                                              2.17 %
                            B1 Credit Support                                                                             1.21 %
                            B2 Credit Support                                                                             0.76 %
                            B3 Credit Support                                                                             0.45 %
                            B4 Credit Support                                                                             0.25 %

Sec. 6.02(a)(xi)            Current Realized Losses                                                                         0.00
                            Cumulative Realized Losses                                                                      0.00

Sec. 6.02(a)(xiv)           Compensating Interest Shortfall                                                                 0.00
</TABLE>






                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION






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