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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: July 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
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(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
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Item 5. Other Events:
On July 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 July 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: July 30, 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
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Exhibit No. Description
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20.1 Certificateholder Report dated July 15, 1999 delivered pursuant
to Section 5.03 of the Pooling and Servicing Agreement dated as
of September 1, 1995.
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Chase Manhattan Bank Revolving Home Equity Loan 1995-1
Statement to Certificateholders
July 15, 1999
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<TABLE>
<CAPTION>
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DISTRIBUTION IN DOLLARS
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ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 357,735,172.00 165,680,626.63 3,945,372.61 721,746.23 4,667,118.84 0.00 0.00 161,735,254.02
A2 40,000,000.00 18,525,505.97 441,150.09 81,203.47 522,353.56 0.00 0.00 18,084,355.88
SI 8,117,044.50 8,101,524.02 0.00 58,456.22 58,456.22 2,066.20 0.00 8,099,457.82
R 0.00 0.00 0.00 624,894.58 624,894.58 0.00 0.00 0.00
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TOTALS 405,852,216.50 192,307,656.62 4,386,522.70 1,486,300.50 5,872,823.20 2,066.20 0.00 187,919,067.72
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<CAPTION>
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FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
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PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL CLASS PASS-THRU
CLASS FACTOR PRINCIPAL INTEREST TOTAL FACTOR RATE
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<S> <C> <C> <C> <C> <C> <C> <C>
A1 463.13764929 11.02875233 2.01754339 13.04629571 452.10889697 A1 5.227500%
A2 463.13764925 11.02875225 2.03008675 13.05883900 452.10889700 A2 5.260000%
SI 998.08791488 0.00000000 7.20166312 7.20166312 997.83336410 SI 0.000000%
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TOTALS 473.83665483 10.80817727 3.66217170 14.47034896 463.02338654
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</TABLE>
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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]
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[Image]
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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<TABLE>
<CAPTION>
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Chase Manhattan Bank Revolving Home Equity Loan 1995-1
July 15, 1999
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<S> <C> <C>
Sec. 4.01(i) Principal Collections recieved during the Collection Period 4,339,015.10
Interest Collections recieved during the Collection Period 1,483,197.64
Additional Draw Amount 3,478,046.20
Sec. 4.01(iii) Floating Allocation Percentage 95.831178%
Fixed Allocation Percentage 98.000000%
Sec. 4.01(iv) Investor Certificate Interest Collections 1,343,767.70
Sec. 4.01(v) Investor Certificate Principal Collections 7,660,720.07
Sec. 4.01(vi) Seller Interest Collections 58,456.22
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 80,973.73
Accrued and Unpaid Servicing Fees 0.00
Sec. 4.01(xv) Liquidation Loss Amounts (Net of Charge Off Amounts) -32.28
Charge Off Amounts 49,595.50
Charge Off Amounts allocable to Investor Certificateholders 0.00
Sec. 4.01(xvi) Pool Balance as of end of preceding Collection Period 194,336,944.07
Pool Balance as of end of second preceding Collection Period 198,923,536.51
Sec. 4.01(xvii) Invested Amount 181,848,860.31
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) 9,742.80
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) 483,567.59
Sec. 4.01(xxvii) Maximum Rate 8.1299%
Weighted Average Net Loan Rate 8.1299%
[Image]
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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</TABLE>
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<TABLE>
<CAPTION>
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Chase Manhattan Bank Revolving Home Equity Loan 1995-1
July 15, 1999
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<S> <C> <C>
Sec. 4.01(xxviii) Minimum Seller Interest 3,798,967.31
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 3,128,510.71
Amount on deposit in the Spread Account 3,128,510.71
Spread Account Deposit 12,902.13
Spread Account Withdrawal 141,326.99
</TABLE>
Delinquencies
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Group 1
Period Number Principal Balance Percentage
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31-60 days 63 1,848,031.74 0.97%
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61-90 days 11 290,805.02 0.15%
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91-120 days 2 48,672.20 0.03%
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121+ days 24 849,547.50 0.45%
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Total 100 3,037,056.46 1.60%
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Loans in Foreclosure
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Group 1
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Number Principal Balance Percentage
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0 0.00 0.00%
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Loans in REO
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Group 1
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Number Principal Balance Percentage
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0 0.00 0.00%
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[Image]
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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