<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: January 18, 2000
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 January 18, 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 January 18, 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: January 28, 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 January
18, 2000 delivered pursuant to Section 5.03 of
the Pooling and Servicing Agreement dated as of
September 1, 1995.
<PAGE>
Page 1
Chase Manhattan Bank Revolving Home Equity Loan 1995-1
Statement to Certificateholders
January 18 2000
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSES INTEREST BALANCE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 357,735,172.00 138,558,020.19 5,216,030.89 877,091.51 6,093,122.40 0.00 0.00 133,341,989.30
A2 40,000,000.00 15,492,803.73 583,228.19 98,620.30 681,848.49 0.00 0.00 14,909,575.54
R 0.00 0.00 0.00 243,950.26 243,950.26 0.00 0.00 0.00
TOTALS 397,735,172.00 154,050,823.92 5,799,259.080 1,219,662.07 7,018,921.15 0.00 0.00 148,251,564.84
SI 8,117,044.50 17,609,662.66 0.00 126,404.93 -2,841,031.12 7,406.87 0.00 20,569,691.84
<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 387.32009328 14.58070466 2.45178998 17.03249464 372.73938862 A1 6.702500 %
A2 387.32009325 14.58070475 2.46550750 17.04621225 372.73938850 A2 6.740000 %
TOTALS 387.32009328 14.58070467 3.06651801 17.64722269 372.73938861
SI 2,169.46730550 .00000000 15.57277775 -350.00807498 2,534.13564999 SI .000000 %
</TABLE>
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
Matthew Duncan
The Chase Manhattan Bank - Structured Finance Services
450 West 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-8651
Fax: 212) 946-8302
Email: [email protected]
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 2
Chase Manhattan Bank Revolving Home Equity Loan 1995-1
January 18 2000
<TABLE>
<S> <C>
Sec. 4.01(i) Principal Collections recieved during the Collection Period 5,850,611.67
Interest Collections recieved during the Collection Period 1,319,136.62
Additional Draw Amount 117,012.23
Sec. 4.01(iii) Floating Allocation Percentage 89.861374 %
Fixed Allocation Percentage 98.000000 %
Sec. 4.01(iv) Investor Certificate Interest Collections 1,120,360.93
Sec. 4.01(v) Investor Certificate Principal Collections 5,733,599.44
Sec. 4.01(vi) Seller Interest Collections 126,404.93
Seller Principal Collections 117,012.23
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 72,370.77
Accrued and Unpaid Servicing Fees 0.00
Sec. 4.01(xv) Liquidation Loss Amounts (Net of Charge Off Amounts) -0.85
Charge Off Amounts 73,056.77
Charge Off Amounts allocable to Investor Certificateholders 0.00
Sec. 4.01(xvi) Pool Balance as of end of preceding Collection Period 173,689,837.57
Pool Balance as of end of second preceding Collection Period 177,192,100.66
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 3
Chase Manhattan Bank Revolving Home Equity Loan 1995-1
January 18 2000
<TABLE>
<S> <C>
Sec. 4.01(xvii) Invested Amount 150,280,815.26
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) 8,033.85
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) 243,950.26
Sec. 4.01(xxvii) Maximum Rate 8.6863 %
Weighted Average Net Loan Rate 8.6863 %
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 4
Chase Manhattan Bank Revolving Home Equity Loan 1995-1
January 18 2000
Sec. 4.01(xxviii) Minimum Seller Interest 3,417,012.37
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 2,284,162.07
Amount on deposit in the Spread Account 2,284,162.07
Spread Account Deposit 11,361.63
Spread Account Withdrawal 172,994.63
Delinquencies
Group 1
Principal
Period Number Balance Percentage
31-60 days 64 1,791,331.49 1.05 %
61-90 days 14 422,103.73 .25 %
91-120 days 4 51,759.97 .03 %
121+days 17 504,049.73 .30 %
Total 99.00 2,769,244.92 1.63 %
Loans in Foreclosure
Group 1
Principal
Number Balance Percentage
.00 .00 .00 %
Loans in REO
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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Page 5
Chase Manhattan Bank Revolving Home Equity Loan 1995-1
January 18 2000
Group 1
Principal
Number Balance Percentage
.00 .00 .00 %
REO PROPERTY
DATE BE- LOAN PRINCIPAL
COME REO NUMBER BALANCE
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
