<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: October 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 13-4994650
- ---------------------------- ------------------------ -------------------
(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 October 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
October 15, 1999 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: October 29, 1999
The Chase Manhattan Bank,
as Servicer
By: Chase Manhattan Mortgage Corporation
By: /s/ Richard P. Dargan
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Name: Richard P. Dargan
Title: Vice President
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INDEX TO EXHIBITS
-----------------
Exhibit No. Description
- ----------- -----------
20.1 Statement to Certificateholders dated October 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
October 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 357,735,172.00 154,439,633.47 5,657,712.27 723,292.28 6,381,004.55 0.00 0.00 148,781,921.20
A2 40,000,000.00 17,268,599.29 632,614.59 81,018.51 713,633.10 0.00 0.00 16,635,984.70
R 0.00 0.00 0.00 463,519.90 463,519.90 0.00 0.00 0.00
TOTALS 397,735,172.00 171,708,232.76 6,290,326.86 1,267,830.69 7,558,157.55 0.00 0.00 165,417,905.90
SI 8,117,044.50 8,099,414.14 0.00 55,854.55 55,854.55 882.70 0.00 11,935,491.75
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
--------------------------------------------- ------------------
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL PASS-THRU
CLASS FACTOR PRINCIPAL INTEREST TOTAL FACTOR CLASS RATE
----- ------------ ----------- ---------- ----------- -------------- ----- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
A1 431.71498236 15.81536486 2.02186516 17.83723002 415.89961750 A1 5.620000 %
A2 431.71498225 15.81536475 2.02546275 17.84082750 415.89961750 A2 5.630000 %
TOTALS 431.71498235 15.81536485 3.18762528 19.00299014 415.89961750
SI 997.82798283 0.00000000 6.88114375 6.88114375 1,470.42334805 SI 0.000000 %
</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] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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Chase Manhattan Bank Revolving Home Equity Loan 1995-1
October 15, 1999
<TABLE>
<S> <C>
Sec. 4.01(i) Principal Collections received during the Collection Period 6,271,382.08
Interest Collections received during the Collection Period 1,329,724.67
Additional Draw Amount 127,987.39
Sec. 4.01(iii) Floating Allocation Percentage 95.545745 %
Fixed Allocation Percentage 98.000000 %
Sec. 4.01(iv) Investor Certificate Interest Collections 1,198,104.72
Sec. 4.01(v) Investor Certificate Principal Collections 6,271,382.08
Sec. 4.01(vi) Seller Interest Collections 55,854.55
Seller Principal Collections 127,987.39
Sec. 4.01(xi) Accelerated Principal Distribution Amount 10.58
Accelerated Principal Distribution Amount Actually Distributed 10.58
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 75,765.40
Accrued and Unpaid Servicing Fees 0.00
Sec. 4.01(xv) Liquidation Loss Amounts (Net of Charge Off Amounts) 0.00
Charge Off Amounts 19,816.90
Charge Off Amounts allocable to Investor Certificateholders 0.00
Sec. 4.01(xvi) Pool Balance as of end of preceding Collection Period 181,836,966.11
Pool Balance as of end of second preceding Collection Period 184,817,252.57
Sec. 4.01(xvii) Invested Amount 167,447,156.32
Sec. 4.01(xxi) Has a Rapid Amortization Event Occurred? NO
Sec. 4.01(xxii) Has an Event of Default Occurred? NO
Sec. 4.01(xxiii) Amount Distributed to Credit Enhancer per 5.01(a)(1) 8,961.16
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) 365,887.98
Sec. 4.01(xxvii) Maximum Rate 8.3632 %
Weighted Average Net Loan Rate 8.3632 %
</TABLE>
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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Chase Manhattan Bank Revolving Home Equity Loan 1995-1
October 15, 1999
<TABLE>
<S> <C>
Sec. 4.01(xxviii) Minimum Seller Interest 3,587,654.55
Sec. 4.01(xxix) Required Servicer Advance 0.00
Unreimbursed Required Servicer Advance 0.00
Required Servicer Advance Reimbursement 0.00
Sec. 4.01(xxx) Spread Account Requirement 2,778,569.52
Amount on deposit in the Spread Account 2,778,569.52
Spread Account Deposit 14,184.83
Spread Account Withdrawal 97,631.92
</TABLE>
Delinquencies
Group 1
Period Number Principal Balance Percentage
------ ------ ----------------- ----------
31-60 days 71 2,303,471.48 1.28 %
61-90 days 17 521,061.99 0.29 %
91-120 days 3 157,162.65 0.09 %
121+ days 25 786,568.85 0.44 %
Total 116 3,768,264.97 2.10 %
Loans in Foreclosure
Group 1
Number Principal Balance Percentage
------ ----------------- ----------
0 0.00 0.00 %
Loans in REO
Group 1
Number Principal Balance Percentage
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0 0.00 0.00 %
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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