<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: September 15, 1999
THE CHASE MANHATTAN BANK
(formerly known as "The Chase Manhattan Bank, N.A.")
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(Originator of the Trust referred to herein)
(Exact name of registrant as specified in its charter)
CHASE MANHATTAN HOME EQUITY LOAN TRUST 1995-1
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(Issuer with respect to Certificates)
New York 33-93570 13-2633612
- ------------------------------ ------------------------ ---------------------
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
270 Park Avenue, New York, New York 10017
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 270-6000
<PAGE>
Item 5. Other Events:
Chase Manhattan Home Equity Loan Trust 1995-1 is the issuer of a
single outstanding series of asset backed certificates. The asset backed
certificates are serviced in accordance with the Pooling and Servicing
Agreement, dated as of September 1, 1995, as amended. The parties to the
Pooling and Servicing Agreement are: The Chase Manhattan Bank, as seller and
as servicer, and Norwest Bank Minnesota, National Association, as trustee.
On September 15, 1999, Chase, as servicer, distributed monthly
interest to the holders of the certificates. Chase furnished a copy of the
monthly statement to certificateholders for the series as required by the
Pooling and Servicing Agreement. A copy of the monthly Statement to
certificateholders is being filed as Exhibit 20.1 to this Current Report on
Form 8-K.
Item 7(c). Exhibits
Exhibits Description
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20.1 Monthly Statement to
Certificateholders with respect
to the September 15, 1999
distribution.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: September 30, 1999
The Chase Manhattan Bank,
as Servicer
By: Chase Manhattan Mortgage
Corporation
By: /s/ Richard P. Dargan
------------------------
Name: Richard P. Dargan
Title: Vice President
<PAGE>
INDEX TO EXHIBITS
-----------------
Exhibit No. Description
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20.1 Statement to Certificateholders dated
September 15, 1999 delivered pursuant to
Section 5.03 of the Pooling and Servicing
Agreement dated as of September 1, 1995.
<PAGE>
Chase Manhattan Bank Revolving Home Equity Loan 1995-1
Statement to Certificateholders
September 15, 1999
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 357,735,172.00 157,120,164.45 2,680,530.98 721,279.75 3,401,810.73 0.00 0.00 154,439,633.47
A2 40,000,000.00 17,568,321.68 299,722.39 81,107.09 380,829.48 0.00 0.00 17,268,599.29
SI 8,117,044.50 8,099,457.82 0.00 57,460.91 57,460.91 43.68 0.00 8,099,414.14
R 0.00 0.00 0.00 598,911.29 598,911.29 0.00 0.00 0.00
TOTALS 405,852,216.50 182,787,943.95 2,980,253.37 1,458,759.04 4,439,012.41 43.68 0.00 179,807,646.90
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL CLASS PASS-THRU
CLASS FACTOR PRINCIPAL INTEREST TOTAL FACTOR RATE
<S> <C> <C> <C> <C> <C> <C> <C>
A1 439.20804200 7.49305964 2.01623940 9.50929905 431.71498236 A1 5.508750 %
A2 439.20804200 7.49305975 2.02767725 9.52073700 431.71498225 A2 5.540000 %
SI 997.83336410 0.00000000 7.07904336 7.07904336 997.82798283 SI 0.000000 %
TOTALS 450.38054868 7.34319846 3.59431089 10.93750934 443.03724260
</TABLE>
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT
THE ADMINISTRATOR LISTED BELOW:
Mina Sharaf
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-7765
Email: [email protected]
[Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<TABLE>
<CAPTION>
Chase Manhattan Bank Revolving Home Equity Loan 1995-1
September 15, 1999
<S> <C> <C>
Sec. 4.01(i) Principal Collections recieved during the Collection Period 2,979,289.71
Interest Collections recieved during the Collection Period 1,388,167.89
Additional Draw Amount 3,907,502.63
Sec. 4.01(iii) Floating Allocation Percentage 95.617554 %
Fixed Allocation Percentage 98.000000 %
Sec. 4.01(iv) Investor Certificate Interest Collections 1,253,699.79
Sec. 4.01(v) Investor Certificate Principal Collections 6,749,056.49
</TABLE>
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<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Sec. 4.01(vi) Seller Interest Collections 57,460.91
Seller Principal Collections 0.00
Sec. 4.01(xi) Accelerated Principal Distribution Amount 10.59
Accelerated Principal Distribution Amount Actually Distributed 10.59
Sec. 4.01(xiii) Amount Required to be Paid by Seller 0.00
Amount Required to be Paid by Servicer 0.00
Sec. 4.01(xiv) Servicing Fee 77,007.19
Accrued and Unpaid Servicing Fees 0.00
Sec. 4.01(xv) Liquidation Loss Amounts (Net of Charge Off Amounts) 996.75
Charge Off Amounts 0.00
Charge Off Amounts allocable to Investor Certificateholders 0.00
Sec. 4.01(xvi) Pool Balance as of end of preceding Collection Period 184,817,252.57
Pool Balance as of end of second preceding Collection Period 189,948,365.75
Sec. 4.01(xvii) Invested Amount 173,737,483.18
Sec. 4.01(xxi) Has a Rapid Amortization Event Ocurred? NO
Sec. 4.01(xxii) Has an Event of Default Ocurred? NO
Sec. 4.01(xxiii) Amount Distributed to Credit Enhancer per 5.01(a)(1) 9,300.91
Amount Distributed to Credit Enhancer per 5.01(a)(6) 0.00
Unreimbursed Amounts Due to Credit Enhancer 0.00
Sec. 4.01(xxiv) Guaranteed Principal Distribution Amount 0.00
Sec. 4.01(xxv) Credit Enhancement Draw Amount 0.00
Sec. 4.01(xxvi) Amount Distributed to Seller per 5.01(a)(10) 441,048.38
Sec. 4.01(xxvii) Maximum Rate 8.2114 %
Weighted Average Net Loan Rate 8.2114 %
</TABLE>
[Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<TABLE>
<CAPTION>
Chase Manhattan Bank Revolving Home Equity Loan 1995-1
September 15, 1999
<S> <C> <C>
Sec. 4.01(xxviii) Minimum Seller Interest 3,636,739.32
Sec. 4.01(xxix) Required Servicer Advance 0.00
Unreimbursed Required Servicer Advance 0.00
</TABLE>
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<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Required Servicer Advance Reimbursement 0.00
Sec. 4.01(xxx) Spread Account Requirement 2,862,016.61
Amount on deposit in the Spread Account 2,862,016.61
Spread Account Deposit 14,191.44
Spread Account Withdrawal 157,862.91
Delinquencies
</TABLE>
Group 1
Period Number Principal Balance Percentage
31-60 days 57 1,724,235.83 0.95 %
61-90 days 16 496,363.32 0.27 %
91-120 days 9 162,217.36 0.09 %
121+ days 21 728,273.64 0.40 %
Total 103 3,111,090.15 1.71 %
Loans in Foreclosure
Group 1
Number Principal Balance Percentage
0 0.00 0.00 %
Loans in REO
Group 1
Number Principal Balance Percentage
0 0.00 0.00 %
[Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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