<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: June 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)
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<S> <C> <C>
New York 33-93570 13-2633612
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
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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
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Item 5. Other Events:
On June 15, 1999, Chase Manhattan Home Equity Loan Trust 1995-1 made
the distribution to Certificateholders contemplated by the Pooling and
Servicing Agreement, dated as of September 1, 1995, between The Chase Manhattan
Bank, as Seller and Servicer, and Norwest Bank Minnesota, National Association,
as Trustee.
A copy of the Certificateholder Report for such Distribution Date
delivered pursuant to section 5.03 of the Pooling and Servicing Agreement 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 Certificateholders statement with
respect to the June 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: June 30, 1999
The Chase Manhattan Bank,
as Servicer
By: Chase Manhattan Mortgage Corporation
/s/ Richard P. Dargan
By: -----------------------------------
Name: Richard P. Dargan
Title: Vice President
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INDEX TO EXHIBITS
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Exhibit No. Description
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20.1 Certificateholder Report dated June 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
June 15, 1999
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<CAPTION>
DISTRIBUTION IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
A1 357,735,172.00 169,805,956.68 703,432.97 4,125,330.06 4,828,763.02 0.00 0.00 165,680,626.63
A2 40,000,000.00 18,986,777.93 78,309.91 461,271.96 539,581.87 0.00 0.00 18,525,505.97
SI 8,117,044.50 8,101,525.04 51,483.74 0.00 51,483.74 1.02 0.00 8,101,524.02
R 0.00 0.00 514,533.13 0.00 514,533.13 0.00 0.00 0.00
TOTALS 405,852,216.50 196,894,259.65 1,347,759.75 4,586,602.01 5,934,361.76 1.02 0.00 192,307,656.62
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
<S> <C> <C> <C> <C> <C> <S> <C>
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL CLASS PASS-THRU
CLASS FACTOR INTEREST PRINCIPAL TOTAL FACTOR RATE
A1 474.6694482 1.966351 11.531799 13.498150 463.1376493 A1 5.142500 %
A2 474.6694483 1.957748 11.531799 13.489547 463.1376493 A2 5.120000 %
SI 998.0880405 6.342671 0.000000 6.342671 998.0879149 SI 0.000000 %
TOTALS 485.1378202 3.320814 11.301163 14.621977 473.8366548
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IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
Paulina Jacome
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]
/x/ (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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Chase Manhattan Bank Revolving Home Equity Loan 1995-1
June 15, 1999
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<S> <C> <C>
Sec. 4.01(i) Principal Collections received during the Collection Period 4,586,567.44
Interest Collections received during the Collection Period 1,347,004.15
Additional Draw Amount 3,374,042.44
Sec. 4.01(iii) Floating Allocation Percentage 95.927304 %
Fixed Allocation Percentage 98.000000 %
Sec. 4.01(iv) Investor Certificate Interest Collections 1,212,635.60
Sec. 4.01(v) Investor Certificate Principal Collections 7,801,397.68
Sec. 4.01(vi) Seller Interest Collections 51,483.74
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 82,884.81
Accrued and Unpaid Servicing Fees 0.00
Sec. 4.01(xv) Liquidation Loss Amounts (Net of Charge Off Amounts) 25.00
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 198,923,536.51
Pool Balance as of end of second preceding Collection Period 201,791,378.30
Sec. 4.01(xvii) Invested Amount 186,235,383.01
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) 9,977.83
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) 420,880.32
Sec. 4.01(xxvii) Maximum Rate 8.1358 %
Weighted Average Net Loan Rate 8.1358 %
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/x/ (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Bank Revolving Home Equity Loan 1995-1
June 15, 1999
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<S> <C> <C>
Sec. 4.01(xxviii) Minimum Seller Interest 3,886,738.88
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 3,256,935.57
Amount on deposit in the Spread Account 3,256,935.57
Spread Account Deposit 13,372.84
Spread Account Withdrawal 93,652.81
Delinquencies
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Delinquencies
Group 1
Period Number Principal Balance Percentage
31-60 days 54 1,597,744.86 0.82%
61-90 days 7 222,502.58 0.11%
91-120 days 4 50,809.22 0.03%
121+ days 24 963,425.23 0.50%
Total 89 2,834,481.89 1.46%
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 %
/x/ (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
