CHASE MORTGAGE FINANCE CORP
8-K, 2000-02-10
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 (Date of earliest event reported): February 10, 2000
                                                         -----------------


                       Chase Mortgage Finance Corporation
                 ----------------------------------------------
                 (Exact name of registrant specified in Charter)

       Delaware                   333-76801                   52-1495132
    ---------------              -----------             ------------------
    (State or other              (Commission                (IRS Employer
    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

                                 Not Applicable
         --------------------------------------------------------------
         (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
2000-S2.



<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



Date: February 10, 2000               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>
Current
- -------
           [LOGO] Chase Manhattan Mortgage Corporation - Pool Summary

<TABLE>
<CAPTION>
Count    Original Balance  Current Balance    Average Original Bal   Gross WAC     Gross Adjustments    WA Gross Rate
- -----    ----------------  ---------------    --------------------   ---------     -----------------    -------------
<S>           <C>              <C>                      <C>              <C>                    <C>              <C>
  573         150,000,000      150,000,000              324,651.45       8.234                  .000            8.234

Sched. WAM    Actual WAM      WALTV     WALA
- ----------    ----------      -----     ----
   <C>            <C>         <C>       <C>
   359.188       359.190     73.973     .096

                     STATE DISTRIBUTION                                               LOAN AMORTIZATION DISTRIBUTION         PAGE: 1
                     ------------------                                               ------------------------------
State               Count             Balance    Percent        Actual Months to Maturity            Count       Balance     Percent
- -----               -----             -------    -------        -------------------------            -----       -------     -------
<S>                   <C>       <C>                <C>            <C>                                <C>     <C>              <C>
CA                    107       40,374,833.00      21.71          1-24  Months (1 Mo-2 Years)          0              .00       .00
CT                     11        3,672,800.00       1.97         25-48  Months (2-4 Years)             0              .00       .00
FL                     56       15,248,920.00       8.20         49-72  Months (4-6 Years)             0              .00       .00
IL                     15        5,229,900.00       2.81         73-96  Months (6-8 Years)             0              .00       .00
NJ                     24        8,182,318.67       4.40         97-120 Months (8-10 Years)            0              .00       .00
NY                     94       32,200,367.08      17.31        121-144 Months (10-12 Years)           0              .00       .00
TX                     46       15,381,707.26       8.27        145-168 Months (12-14 Years)           0              .00       .00
Other                 220       65,719,898.51      35.33        169-192 Months (14-16 Years)           0              .00       .00
- --------------------------------------------------------        193-216 Months (16-18 Years)           0              .00       .00
TOTAL:                573      186,010,744.52     100.00        217-240 Months (18-20 Years)           4     1,109,000.00       .60
                                                                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
Doc Type            Count             Balance    Percent        313-336 Months (26-28 Years)           0              .00       .00
- --------            -----             -------    -------        337+ Months (28+ Years)              569   184,901,744.52     99.40
FULL                  433      150,027,815.85      80.66        -------------------------------------------------------------------
NIV                   140       35,982,928.67      19.34        TOTAL:                               573   186,010,744.52    100.00
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:                573      186,010,744.52     100.00          0 Months Old                       532   172,497,557.00     92.74
                                                                  1 Month Old                         28     8,857,313.64      4.76
                     PROPERTY TYPE DISTRIBUTION                   2 Months Old                         5     1,224,468.81       .66
                     --------------------------                   3 Months Old                         3     1,431,894.22       .77
Property Type       Count             Balance    Percent          4 Months Old                         2       744,776.36       .40
- -------------       -----             -------    -------          5 Months Old                         1       309,159.61       .17
Single Family         415      138,972,178.42      74.71          6 Months Old                         0              .00       .00
Multi Family            5        1,497,000.00         80          7 Months Old                         2       945,574.88       .51
COOP                   20        5,042,617.08       2.71          8 Months Old                         0              .00       .00
PUD                   107       34,207,749.02      18.39          9 Months Old                         0              .00       .00
Condo -High Rise        0                 .00        .00         10 Months Old                         0              .00       .00
      -Low Rise         0                 .00        .00         11 Months Old                         0              .00       .00
      -Condotels        0                 .00        .00         12 Months Old                         0              .00       .00
      -Unknown         23        5,463,200.00       2.94        1-2 Years (13-24 Months Old)           0              .00       .00
Manufac. House          0                   0          0        2-3 Years (25-36 Months Old)           0              .00       .00
Other                   3          828,000.00        .45        3-4 Years (37-48 Months Old)           0              .00       .00
- --------------------------------------------------------        4-6 Years (49-72 Months Old)           0              .00       .00
TOTAL:                573      186,010,744.52     100.00        6-8 Years (73-96 Months Old)           0              .00       .00
                                                                8-10 Years (97-120 Months Old)         0              .00       .00
                     OCCUPANCY DISTRIBUTION                     10+ Years (121+ Months Old)            0              .00       .00
                     ----------------------                     -------------------------------------------------------------------
Occupancy           Count             Balance    Percent        TOTAL:                               573   186,010,744.52    100.00
- ---------           -----             -------    -------
None                    0                 .00        .00
Primary               550      178,421,294.52      95.92
Vacation               23        7,589,450.00       4.08
Investor                0                 .00        .00
Other                   0                 .00        .00
- --------------------------------------------------------
TOTAL:                573     186,010,744.52     100.00

                     PURPOSE DISTRIBUTION
                     --------------------
Purpose             Count             Balance    Percent
- -------             -----             -------    -------
Cash Out Refi         120       37,709,468.12      20.27
Purchase              360      119,217,232.40      64.09
Rate Term Refi         93       29,084,044.00      15.64
Other                   0                 .00        .00
- --------------------------------------------------------
TOTAL:                573      186,010,744.52     100.00
</TABLE>
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT. THE INFORMATION CONTAINED
HEREIN SUPERSEDES THE INFORMATION IN ALL PRIOR COLLATERAL TERM SHEETS, IF ANY.
<PAGE>

Current
- -------
           [LOGO] Chase Manhattan Mortgage Corporation - Pool Summary

<TABLE>
<CAPTION>
             Count    Original Balance  Current Balance    Average Original Bal
             -----    ----------------  ---------------    --------------------
               573         150,000,000      150,000,000              324,651.45


                           LTV DISTRIBUTION                                          ORIGINAL BALANCE DISTRIBUTION           PAGE: 2
                           ----------------                                          -----------------------------
LTV             Count              Balance        Percent                                  Count              Balance       Percent
- ---             -----              -------        -------                                  -----              -------       -------
<S>                <C>       <C>                     <C>          <C>                          <C>         <C>                  <C>
0-50.00            30         8,790,979.29           4.73         0-50,000.00                  6           217,750.00           .12
50.01-60.00        33        11,593,262.45           6.23         50,000.01-100,000.00        43         3,226,507.48          1.73
60.01-70.00        96        32,453,764.72          17.45         100,000.01-150,000.00       46         5,577,424.52          3.00
70.01-75.00       100        34,255,184.49          18.42         150,000.01-200,000.00       30         5,310,190.92          2.85
75.01-80.00       244        79,416,210.06          42.69         200,000.01-225,000.00       18         3,844,077.82          2.07
80.01-85.00         9         2,938,282.92           1.58         225,000.01-240,000.00        7         1,648,900.00           .89
85.01-90.00        32        10,370,136.50           5.58         240,000.01-350,000.00      233        69,900,406.63         37.58
90.01-95.00        29         6,192,924.09           3.33         350,000.01-400,000.00       68        25,767,975.60         13.85
95.01-100.00        0                  .00            .00         400,000.01-500,000.00       68        31,221,779.36         16.78
100.00+             0                  .00            .00         500,000.01-650,000.00       34        20,409,772.59         10.97
- ---------------------------------------------------------         650,000.01-1,000,000.00     17        15,367,959.60          8.26
TOTAL:            573       186,010,744.52         100.00         1,000,000.01+                3         3,518,000.00          1.89
                                                                  -----------------------------------------------------------------
                                                                  TOTAL:                     573       186,010,744.52        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      .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       .03  10.000     .0000          .0000     0              .00           .00
 6.375   .0000      .0000     0              .00       .00  10.125     .0000          .0000     0              .00           .00
 6.500   .0000      .0000     0              .00       .00  10.250     .0000          .0000     0              .00           .00
 6.625   .0000      .0000     0              .00       .00  10.375     .0000          .0000     0              .00           .00
 6.750   .0000      .0000     0              .00       .00  10.500     .0000          .0000     0              .00           .00
 6.875   .0000      .0000     0              .00       .00  10.625     .0000          .0000     0              .00           .00
 7.000   .0000      .0000     0              .00       .00  10.750     .0000          .0000     0              .00           .00
 7.125   .0000     7.1250     2       686,400.00       .37  10.875     .0000          .0000     0              .00           .00
 7.250   .0000     7.2500     1       425,000.00       .23  11.000     .0000          .0000     0              .00           .00
 7.375   .0000     7.3750     5     1,407,872.29       .76  11.125     .0000          .0000     0              .00           .00
 7.500   .0000     7.5000     4     1,025,920.00       .55  11.250     .0000          .0000     0              .00           .00
 7.625   .0000     7.6250     4     2,014,350.00      1.08  11.375     .0000          .0000     0              .00           .00
 7.750   .0000     7.7500    19     5,976,752.59      3.21  11.500     .0000          .0000     0              .00           .00
 7.875   .0000     7.8750    55    17,992,800.60      9.67  11.625     .0000          .0000     0              .00           .00
 8.000   .0000     8.0000    78    27,354,463.55     14.71  11.750     .0000          .0000     0              .00           .00
 8.125   .0000     8.1250    80    26,673,764.32     14.34  11.875     .0000          .0000     0              .00           .00
 8.250   .0000     8.2500   105    37,821,815.39     20.33  12.000     .0000          .0000     0              .00           .00
 8.375   .0000     8.3750    75    22,914,297.17     12.32  12.125     .0000          .0000     0              .00           .00
 8.500   .0000     8.5000    69    17,491,233.19      9.40  12.250     .0000          .0000     0              .00           .00
 8.625   .0000     8.6250    25     6,178,589.19      3.32  12.375     .0000          .0000     0              .00           .00
 8.750   .0000     8.7500    20     5,549,600.00      2.98  12.500     .0000          .0000     0              .00           .00
 8.875   .0000     8.8750    12     4,754,836.23      2.56  12.625     .0000          .0000     0              .00           .00
 9.000   .0000     9.0000    13     5,759,400.00      3.10  12.750     .0000          .0000     0              .00           .00
 9.125   .0000     9.1250     5     1,852,400.00      1.00  12.875     .0000          .0000     0              .00           .00
 9.250   .0000     9.2500     1       131,250.00       .07 >12.875     .0000          .0000     0              .00           .00
                                                Other: WAC 0           .0000          .0000     0              .00           .00
                                                           ---------------------------------------------------------------------
                                                           TOTAL:                             573   186,010,744.52        100.00
</TABLE>

THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT. THE INFORMATION CONTAINED
HEREIN SUPERSEDES THE INFORMATION IN ALL PRIOR COLLATERAL TERM SHEETS, IF ANY.




<PAGE>

Current
- -------
           [LOGO] Chase Manhattan Mortgage Corporation - Pool Summary

<TABLE>
<CAPTION>
Count    Original Balance  Current Balance    Average Original Bal
- -----    ----------------  ---------------    --------------------
 573       150,000,000       150,000,000          324,651.45

                        FICO CREDIT SCORES                                          UNINSURED LOANS (NO MI) BY LTV           PAGE: 3
                        ------------------                                          ------------------------------
FICOScore         Count                Balance     Percent               LTV                 Count              Balance    Percent
- ---------         -----                -------     -------               ---                 -----              -------    -------
<S>                 <C>          <C>                 <C>                 <C>                   <C>       <C>                 <C>
0-1/Unknown          77          26,298,098.65       14.14              <80.01                 503       166,509,401.01      89.52
2-500                 0                    .00         .00               80.01-85.00             2           561,800.00        .30
500.01-600            6           1,318,781.44         .71               85.01-90.00            14         4,315,200.00       2.32
600.01-700          224          64,570,156.91       34.71               90.01-95.00             7         1,188,250.00        .64
700.01-800          264          93,251,357.52       50.13               95.01-100.00            0                  .00        .00
800.01+               2             572,350.00         .31               100.01+                 0                  .00        .00
- ----------         ----         --------------       -----              ----------------------------------------------------------
TOTAL               573         186,010,744.52      100.00              AGG UNINSURED          526       172,574,651.01      92.78
Max Score: 809                   Min Score: 534                         AGG INSURED             47        13,436,093.51       7.22
Wtd Avg. Score (FICO>1): 708                                            ----------------------------------------------------------
                                                                        TOTAL                  573       186,010,744.52     100.00

                                                                                       INTL/DOMESTIC BORROWERS DISTRIBUTION
                                                                                       ------------------------------------
                                                                        Int'l/Domes         Count               Balance    Percent
                                                                        -----------         -----               -------    -------
                                                                        International           0                   .00        .00
                                                                        Domestic              573        186,010,744.52     100.00
                                                                        ----------------------------------------------------------
                                                                        TOTAL                 573        186,010,744.52     100.00


                                                       FULL STATE DISTRIBUTION
                                                       -----------------------

State      Count               Balance       Percent                State       Count             Balance      Percent
- -----      -----               -------       -------                -----       -----             -------      -------
AL             0                   .00           .00                NC              4          997,416.40          .54
AR             0                   .00           .00                ND              0                 .00          .00
AZ             8          2,098,600.00          1.13                NE              0                 .00          .00
CA           107         40,374,833.00         21.71                NH              1          253,500.00          .14
CO             6          1,943,137.57          1.04                NJ             24        8,182,318.67         4.40
CT            11          3,672,800.00          1.97                NM              4        1,352,000.00          .73
DC             3          1,050,822.05           .56                NV              6        1,623,550.00          .87
DE             2            586,250.00           .32                NY             94       32,200,367.08        17.31
FL            56         15,248,920.00          8.20                OH             10        2,900,900.00         1.56
GA            22          7,493,028.49          4.03                OK              2          338,150.00          .18
HI             1            460,000.00           .25                OR              9        3,557,550.00         1.91
IA             0                    00           .00                PA             15        4,446,544.82         2.39
ID             0                   .00           .00                RI              2          310,000.00          .17
IL            15          5,229,900.00          2.81                SC              2          341,750.00          .18
IN             6          1,956,750.00          1.05                SD              0                 .00          .00
KS             6          2,099,086.23          1.13                TN              7        1,944,350.00         1.05
KY             1            490,000.00           .26                TX             46       15,381,707.26         8.27
LA             4          1,206,372.29           .65                UT              0                 .00          .00
MA            10          3,174,500.00          1.71                VA             22        4,848,021.34         2.61
MD            21          6,620,350.00          3.56                VT              0                 .00          .00
ME             0                   .00           .00                WA             12        4,150,897.38         2.23
MI            25          6,110,189.21          3.28                WI              0                 .00          .00
MN             4          1,385,400.00           .74                WV              2          349,000.00          .19
MO             3          1,631,782.73           .88                WY              0                 .00          .00
MS             0                   .00           .00                UNKNOWN         0                 .00          .00
MT             0                   .00           .00                --------------------------------------------------
                                                                    TOTAL:        573      186,010,744.52       100.00
</TABLE>

THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT. THE INFORMATION CONTAINED
HEREIN SUPERSEDES THE INFORMATION IN ALL PRIOR COLLATERAL TERM SHEETS, IF ANY.




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