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: December 28, 1998
CHASE MANHATTAN ACCEPTANCE CORPORATION
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(Exact Name of Registrant)
Delaware 33-68724 13-3456395
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
343 Thornwall Street, Edison, New Jersey 08837
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Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (732) 205-0600
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Item 5. Other Events.
On or about 12/28/98, Chase Manhattan Acceptance Corporation (the
"Depositor") made the distributions to holders of its Multi-Class Mortgage
Pass-Through Certificates, Series 1998-S5 as contemplated by the Series Pooling
and Servicing Agreement (the "Pooling and Servicing Agreement"), among the
Depositor, Chase Funding, Inc. 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 Pooling and
Servicing Agreement are being filed as exhibits to this Current Report
on Form 8-K.
Item 7(c). Exhibits
Exhibits Description
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20.1 Monthly Reports with respect to the
December 28, 1998 distribution
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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: January 11, 1998
THE CHASE MANHATTAN BANK,
as Paying Agent, on behalf of
Chase Manhattan Acceptance Corp.
By: /s/Andrew Cooper
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Name: Andrew Cooper
Title: Trust Officer
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INDEX TO EXHIBITS
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Exhibit No. Description
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20.1 Monthly Reports with respect to the
distribution to Certificateholders on
December 28, 1998.
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CHASE MORTGAGE FINANCE TRUST
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S5
STATEMENT TO CERTIFICATEHOLDERS
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DISTRIBUTION DATE: 28-Dec-98 PAGE # 1
RECORD DATE: 30-Nov-98
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ORIGINAL BEGINNING COMPENSATING ENDING
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL REALIZED LOSS INTEREST CERTIFICATE
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION PRINCIPAL INTEREST SHORTFALLS BALANCE
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 26,000,000.00 25,208,603.25 332,359.21 136,546.60 468,905.81 0.00 0.00 0.00 24,876,244.04
A-2 3,413,903.00 3,413,903.00 0.00 18,491.97 18,491.97 0.00 0.00 0.00 3,413,903.00
A-3 12,553,500.00 12,431,592.62 41,367.49 67,337.79 108,705.28 0.00 0.00 0.00 12,390,225.13
A-4 141,000,000.00 137,526,233.35 1,436,822.98 744,933.76 2,181,756.74 0.00 0.00 0.00 136,089,410.37
A-6 20,800,000.00 20,166,882.61 265,887.36 105,035.85 370,923.21 0.00 0.00 0.00 19,900,995.25
A-P 457,673.00 450,761.01 1,690.80 N/A 1,690.80 0.00 0.00 0.00 449,070.21
A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
M 2,100,001.00 2,079,607.82 6,920.11 11,264.54 18,184.65 0.00 0.00 0.00 2,072,687.71
B-1 1,365,001.00 1,351,745.42 4,498.08 7,321.95 11,820.03 0.00 0.00 0.00 1,347,247.34
B-2 840,000.00 831,842.73 2,768.05 4,505.81 7,273.86 0.00 0.00 0.00 829,074.68
B-3 630,000.00 623,882.05 2,076.03 3,379.36 5,455.39 0.00 0.00 0.00 621,806.02
B-4 525,000.00 519,901.71 1,730.03 2,816.13 4,546.16 0.00 0.00 0.00 518,171.68
B-5 315,003.39 311,944.38 1,038.03 1,689.70 2,727.73 0.00 0.00 0.00 310,906.35
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TOTAL 210,000,181.39 204,916,899.95 2,097,158.17 1,103,323.46 3,200,481.63 0.00 0.00 0.00 202,819,741.78
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ORIGINAL BEGINNING ENDING
NOTIONAL NOTIONAL INTEREST TOTAL NOTIONAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION BALANCE
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<S> <C> <C> <C> <C> <C>
A-5 20,800,000.00 20,166,882.61 4,201.43 4,201.43 19,900,995.25
A-X 183,626,014.51 179,033,249.69 60,287.29 60,287.29 177,034,190.58
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FACTOR INFORMATION PER $1,000 PASS THRU RATES
PRINCIPAL INTEREST END. CERT. PASS-THRU
CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS RATE
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<S> <C> <C> <C> <C> <C>
A-1 12.78304654 5.25179231 956.77861692 A-1 6.50000000%
A-2 0.00000000 5.41666532 1000.00000000 A-2 6.50000000%
A-3 3.29529534 5.36406500 986.99367746 A-3 6.50000000%
A-4 10.19023390 5.28321816 965.17312319 A-4 6.50000000%
A-5 N/A 5.04980048 956.77861779 A-5 0.25000000%
A-6 12.78304615 5.04980048 956.77861779 A-6 6.25000000%
A-P 3.69434072 N/A 981.20319529 A-P N/A
A-R 0.00000000 0.00000000 0.00000000 A-R 6.50000000%
A-X N/A 0.32831563 964.10190600 A-X 0.40408000%
M 3.29528891 5.36406411 986.99367762 M 6.50000000%
B-1 3.29529429 5.36406200 986.99366521 B-1 6.50000000%
B-2 3.29529762 5.36405952 986.99366667 B-2 6.50000000%
B-3 3.29528571 5.36406349 986.99368254 B-3 6.50000000%
B-4 3.29529524 5.36405714 986.99367619 B-4 6.50000000%
B-5 3.29529787 5.36406926 986.99366378 B-5 6.50000000%
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(C) COPYRIGHT 1998, THE CHASE MANHATTAN BANK
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DISTRIBUTION DATE: 28-Dec-98 PAGE # 2
RECORD DATE: 30-Nov-98
<S> <C> <C>
SECTION 6.02 (iii) AGGREGATE PRINCIPAL PREPAYMENT AMOUNT 1,415,219.75
AGGREGATE REPURCHASE PROCEEDS AMOUNT 0.00
SECTION 6.02 (iv) AGGREGATE SERVICER ADVANCES 1,523,211.10
ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL 202,819,741.78
SECTION 6.02 (vi) SERVICING FEES 53,602.80
SECTION 6.02 (vii) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:
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CATEGORY COUNT AGG. PRIN. BAL.
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1 MONTH 7 2,653,448.71
2 MONTHS 0 0.00
3+ MONTHS 0 0.00
FORECLOSURE 0 0.00
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SECTION 6.02 (viii) MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE
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COUNT AGG. PRIN. BAL.
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0 0.00
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SECTION 6.02 (ix) AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED 11,273.39
DUE PERIOD
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SECTION 6.02 (x) CLASS PERCENTAGE PRINCIPAL BALANCE
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CLASS A 97.21% 199,197,975.84
CLASS M 1.01% 2,079,607.82
CLASS B 1.78% 3,639,316.29
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NON-PO CLASS A PERCENTAGE 97.20%
NON-PO CLASS A PREPAYMENT PERCENTAGE 100.00%
CREDIT SUPPORT LEVEL
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CLASS CREDIT SUPPORT
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M 1.77600000%
B-1 1.11634000%
B-2 0.71040000%
B-3 0.40594000%
B-4 0.15223000%
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SECTION 6.02 (xi) CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES 0.00
CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES 0.00
(C) COPYRIGHT 1998, THE CHASE MANHATTAN BANK
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