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Previous: CHASE MANHATTAN BANK /NY/, 8-K, EX-20.1, 2000-10-25 |
Next: CHASE MANHATTAN BANK /NY/, 8-K, 2000-10-25 |
<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 16, 2000
THE CHASE MANHATTAN BANK
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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)
<TABLE>
<CAPTION>
New York 33-93570 13-4994650
------------------------------ ------------------------------- --------------------------------
<S> <C> <C>
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
</TABLE>
270 Park Avenue, New York, New York 10017
-------------------------------------------------------- ------------
(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 16, 2000, 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
-------- ------------
20.1 Monthly Statement to Certificateholders with
respect to the October 16, 2000
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: October 17, 2000
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
----------- -------------
20.1 Statement to Certificateholders dated
October 16, 2000 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
16-Oct-00
Bond Payments & Balances Adjusted due to Incorrect Interest Rate &
Accelerated Principal Distribution in September, 2000
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS
CLASS ORIGINAL PRIOR PRINCIPAL INTEREST TOTAL REALIZED
FACE PRINCIPAL LOSSES
VALUE BALANCE
<S> <C> <C> <C> <C> <C> <C>
A1 357,735,172.00 92,698,306.17 3,820,307.38 547,689.27 4,367,996.65 0
A2 40,000,000.00 10,365,020.09 427,165.91 60,885.49 488,051.40 0
R 0 0 0 359,512.47 359,512.47 0
TOTALS 397,735,172.00 103,063,326.26 4,247,473.29 968,087.23 5,215,560.52 0
SI 8,117,044.50 42,789,227.46 0 330,094.96 330,094.96 0
DISTRIBUTION IN DOLLARS
CLASS DEFERRED CURRENT
INTEREST PRINCIPAL
BALANCE
<S> <C> <C>
A1 0 88,877,998.79
A2 0 9,937,854.18
R 0 0
TOTALS 0 98,815,852.97
SI 0 45,433,959.57
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
CLASS PRIOR PRINCIPAL INTEREST TOTAL CURRENT
PRINCIPAL PRINCIPAL
FACTOR FACTOR
<S> <C> <C> <C> <C> <C>
A1 259.125502 10.6791495 1.53099084 12.2101403 248.446353
A2 259.125502 10.6791478 1.52213725 12.201285 248.446355
TOTALS 259.125502 10.6791493 2.43399955 13.1131489 248.446353
SI 5,271.53 0 40.6668905 40.6668905 5,597.35
PASS-THROUGH RATES
CLASS CLASS CURRENT
PASS-THRU
RATE
<S> <C> <C>
A1 A1 6.86%
A2 A2 6.79%
TOTALS SI 0.00%
SI
</TABLE>
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
Daniel Randall
The Chase Manhattan Bank - Structured Finance Services
450 West 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-7172
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Bank Revolving Home Equity Loan 1995-1
16-Oct-00
Bond Payments & Balances Adjusted due to Incorrect Interest Rate &
Accelerated Principal Distribution in September, 2000
<TABLE>
<CAPTION>
<S> <C> <C>
Sec. 4.01(i) Principal Collections recieved during the Collection Period 4,340,270.86
Interest Collections recieved during the Collection Period 1,202,602.11
Additional Draw Amount 86,805.42
Sec. 4.01(iii) Floating Allocation Percentage 71.07%
Fixed Allocation Percentage 98.00%
Sec. 4.01(iv) Investor Certificate Interest Collections 810,842.51
Sec. 4.01(v) Investor Certificate Principal Collections 4,253,465.44
Sec. 4.01(vi) Seller Interest Collections 330,142.10
Seller Principal Collections 86,805.42
Sec. 4.01(xi) Accelerated Principal Distribution Amount 10.56
Accelerated Principal Distribution Amount Actually Distributed 10.56
Sec. 4.01(xiii) Amount Required to be Paid by Seller 0
Amount Required to be Paid by Servicer 0
Sec. 4.01(xiv) Servicing Fee 61,617.50
Accrued and Unpaid Servicing Fees 0
Sec. 4.01(xv) Liquidation Loss Amounts (Net of Charge Off Amounts) 0
Charge Off Amounts 0
Charge Off Amounts allocable to Investor Certificateholders 0
Sec. 4.01(xvi) Pool Balance as of end of preceding Collection Period 147,881,999.92
Pool Balance as of end of second preceding Collection Period 150,956,861.42
Sec. 4.01(xvii) Invested Amount 100,839,100.69
Sec. 4.01(xxi) Has a Rapid Amortization Event Ocurred? YES
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) 5,352.20
Amount Distributed to Credit Enhancer per 5.01(a)(6) 0
Unreimbursed Amounts Due to Credit Enhancer 0
Sec. 4.01(xxiv) Guaranteed Principal Distribution Amount 0
Sec. 4.01(xxv) Credit Enhancement Draw Amount 0
Sec. 4.01(xxvi) Amount Distributed to Seller per 5.01(a)(10) 359,512.47
</TABLE>
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Bank Revolving Home Equity Loan 1995-1
16-Oct-00
Bond Payments & Balances Adjusted due to Incorrect Interest Rate &
Accelerated Principal Distribution in September, 2000
<TABLE>
<CAPTION>
<S> <C> <C>
Sec. 4.01(xxvii) Maximum Rate 9.81%
Weighted Average Net Loan Rate 9.81%
Sec. 4.01(xxviii) Minimum Seller Interest 2,925,465.33
Sec. 4.01(xxix) Required Servicer Advance 0
Unreimbursed Required Servicer Advance 0
Required Servicer Advance Reimbursement 0
Sec. 4.01(xxx) Spread Account Requirement 856,512.14
Amount on deposit in the Spread Account 856,512.14
Spread Account Deposit 5,448.59
Spread Account Withdrawal 156,557.01
</TABLE>
Delinquencies
Group 1
Period Number Principal Balance Percentage
31-60 days 43 994,823.03 0.68%
61-90 days 34 465,663.74 0.32%
91-120 days 27 425,851.34 0.29%
121+ days 15 408,541.10 0.28%
Total 119 2,294,879.21 1.57%
Loans in Foreclosure
Group 1
Number Principal Balance Percentage
0 0 0.00%
Loans in REO
Group 1
Number Principal Balance Percentage
0 0 0.00%
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
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