<PAGE> 

--------------------------------------------------------------------------------
               Chase Mortgage Finance Corporation, Series 1999-S1

                         Statement to Certificateholders

                                 March 25, 1999
--------------------------------------------------------------------------------


<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
                                                         DISTRIBUTION IN DOLLARS
-----------------------------------------------------------------------------------------------------------------------------------
           ORIGINAL            PRIOR                                                                                      CURRENT
             FACE            PRINCIPAL                                                      REALIZED   DEFERRED          PRINCIPAL
CLASS        VALUE            BALANCE          INTEREST       PRINCIPAL         TOTAL       LOSSES     INTEREST           BALANCE
-----------------------------------------------------------------------------------------------------------------------------------
<S>     <C>               <C>               <C>             <C>             <C>               <C>     <C>            <C>
A1       33,921,000.00     33,921,000.00      172,431.75            0.00      172,431.75      0.00          0.00      33,921,000.00
A2       25,000,000.00     25,000,000.00      122,916.67            0.00      122,916.67      0.00          0.00      25,000,000.00
A3       10,000,000.00     10,000,000.00       50,416.67            0.00       50,416.67      0.00          0.00      10,000,000.00
A4       37,285,000.00     37,285,000.00      192,639.17            0.00      192,639.17      0.00          0.00      37,285,000.00
A6       89,193,000.00     88,706,954.95      480,496.01      588,924.57    1,069,420.58      0.00          0.00      88,118,030.38
A7       18,242,000.00     18,265,240.24            0.00    2,229,595.05    2,229,595.05      0.00     98,936.72      16,134,581.91
A8       63,600,000.00     63,600,000.00      344,500.00            0.00      344,500.00      0.00          0.00      63,600,000.00
A9       56,234,000.00     56,128,484.48      304,029.29      626,128.08      930,157.37      0.00          0.00      55,502,356.40
A10       3,513,000.00      3,513,000.00       19,028.75            0.00       19,028.75      0.00          0.00       3,513,000.00
A11       5,000,000.00      5,000,000.00       29,166.67            0.00       29,166.67      0.00          0.00       5,000,000.00
A12       5,000,000.00      5,000,000.00       27,083.33            0.00       27,083.33      0.00          0.00       5,000,000.00
A13      11,522,200.00     11,522,200.00       64,812.38            0.00       64,812.38      0.00          0.00      11,522,200.00
A14       1,642,800.00      1,642,800.00            0.00            0.00            0.00      0.00          0.00       1,642,800.00
A15       1,500,000.00      1,500,000.00        8,437.50            0.00        8,437.50      0.00          0.00       1,500,000.00
A16       3,500,000.00      3,500,000.00       19,687.50            0.00       19,687.50      0.00          0.00       3,500,000.00
A17       3,300,000.00      3,300,000.00       18,562.50            0.00       18,562.50      0.00          0.00       3,300,000.00
A18       3,000,000.00      3,000,000.00       16,250.00            0.00       16,250.00      0.00          0.00       3,000,000.00
A19       2,000,000.00      2,000,000.00       13,333.33            0.00       13,333.33      0.00          0.00       2,000,000.00
A20       6,000,000.00      6,000,000.00       35,000.00            0.00       35,000.00      0.00          0.00       6,000,000.00
A21         885,000.00        885,000.00        4,978.13            0.00        4,978.13      0.00          0.00         885,000.00
A22       1,000,000.00      1,000,000.00        5,416.67            0.00        5,416.67      0.00          0.00       1,000,000.00
A23       1,000,000.00      1,005,416.67            0.00            0.00            0.00      0.00      5,446.01       1,010,862.68
AP          661,605.00        660,933.46            0.00          732.20          732.20      0.00          0.00         660,201.26
AR              100.00              0.00            0.00            0.00            0.00      0.00          0.00               0.00
M         8,600,000.00      8,592,999.70       46,545.42        7,049.12       53,594.54      0.00          0.00       8,585,950.58
B1        3,600,000.00      3,597,069.64       19,484.13        2,950.79       22,434.92      0.00          0.00       3,594,118.85
B2        1,600,000.00      1,598,697.62        8,659.61        1,311.46        9,971.07      0.00          0.00       1,597,386.16
B3        1,400,000.00      1,398,860.42        7,577.16        1,147.53        8,724.69      0.00          0.00       1,397,712.89
B4          800,000.00        799,348.81        4,329.81          655.73        4,985.54      0.00          0.00         798,693.08
B5        1,000,424.92        999,610.59        5,414.56          819.80        6,234.36      0.00          0.00         998,790.79
-----------------------------------------------------------------------------------------------------------------------------------
TOTALS  400,000,129.92    399,422,616.58    2,021,197.01    3,459,314.33    5,480,511.34      0.00    104,382.73     396,067,684.98
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
A        56,808,292.00      6,808,292.00       36,878.25            0.00       36,878.25      0.00          0.00       6,808,292.00
AX      361,515,966.00    360,978,341.86      113,626.96            0.00      113,626.96      0.00          0.00     357,669,376.62
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>


|x|                             (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
--------------------------------------------------------------------------------

<PAGE>


--------------------------------------------------------------------------------
               Chase Mortgage Finance Corporation, Series 1999-S1

                         Statement to Certificateholders

                                 March 25, 1999
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------             ---------------------
                         FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                            PASS-THROUGH RATES
--------------------------------------------------------------------------------------------------             ---------------------
             PRIOR                                                                      CURRENT                            CURRENT
           PRINCIPAL                                                                   PRINCIPAL                          PASS-THRU
CLASS       FACTOR              INTEREST       PRINCIPAL         TOTAL                   FACTOR                CLASS         RATE
--------------------------------------------------------------------------------------------------             ---------------------
<S>      <C>                    <C>           <C>             <C>                    <C>                        <C>       <C>
A1       1,000.0000000          5.083333        0.000000        5.083333             1,000.0000000              A1        6.100000%
A2       1,000.0000000          4.916667        0.000000        4.916667             1,000.0000000              A2        5.900000%
A3       1,000.0000000          5.041667        0.000000        5.041667             1,000.0000000              A3        6.050000%
A4       1,000.0000000          5.166667        0.000000        5.166667             1,000.0000000              A4        6.200000%
A6         994.5506368          5.387149        6.602812       11.989961               987.9478253              A6        6.500000%
A7       1,001.2739963          0.000000      122.223169      122.223169               884.4743948              A7        6.500000%
A8       1,000.0000000          5.416667        0.000000        5.416667             1,000.0000000              A8        6.500000%
A9         998.1236348          5.406503       11.134333       16.540836               986.9893018              A9        6.500000%
A10      1,000.0000000          5.416667        0.000000        5.416667             1,000.0000000              A10       6.500000%
A11      1,000.0000000          5.833334        0.000000        5.833334             1,000.0000000              A11       7.000000%
A12      1,000.0000000          5.416666        0.000000        5.416666             1,000.0000000              A12       6.500000%
A13      1,000.0000000          5.625000        0.000000        5.625000             1,000.0000000              A13       6.750000%
A14      1,000.0000000          0.000000        0.000000        0.000000             1,000.0000000              A14       0.000000%
A15      1,000.0000000          5.625000        0.000000        5.625000             1,000.0000000              A15       6.750000%
A16      1,000.0000000          5.625000        0.000000        5.625000             1,000.0000000              A16       6.750000%
A17      1,000.0000000          5.625000        0.000000        5.625000             1,000.0000000              A17       6.750000%
A18      1,000.0000000          5.416667        0.000000        5.416667             1,000.0000000              A18       6.500000%
A19      1,000.0000000          6.666665        0.000000        6.666665             1,000.0000000              A19       8.000000%
A20      1,000.0000000          5.833333        0.000000        5.833333             1,000.0000000              A20       7.000000%
A21      1,000.0000000          5.625006        0.000000        5.625006             1,000.0000000              A21       6.750000%
A22      1,000.0000000          5.416670        0.000000        5.416670             1,000.0000000              A22       6.500000%
A23      1,005.4166700          0.000000        0.000000        0.000000             1,010.8626800              A23       6.500000%
AP         998.9849835          0.000000        1.106703        1.106703               997.8782808              AP        0.000000%
AR           0.0000000          0.000000        0.000000        0.000000                 0.0000000              AR        6.500000%
M          999.1860116          5.412258        0.819665        6.231923               998.3663465              M         6.500000%
B1         999.1860111          5.412258        0.819664        6.231922               998.3663472              B1        6.500000%
B2         999.1860125          5.412256        0.819663        6.231919               998.3663500              B2        6.500000%
B3         999.1860143          5.412257        0.819664        6.231921               998.3663500              B3        6.500000%
B4         999.1860125          5.412263        0.819663        6.231925               998.3663500              B4        6.500000%
B5         999.1860159          5.412260        0.819452        6.231712               998.3665641              B5        6.500000%
-----------------------------------------------------------------------------------------------------------------------------------
TOTALS     998.5562171          5.052991        8.648283       13.701274               990.1688908
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
A5            1,000.00          5.416667        0.000000        5.416667                  1,000.00              A5        6.500000%
AX              998.51          0.314307        0.000000        0.314307                    989.36              AX        0.377730%
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>


|x|                              (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
--------------------------------------------------------------------------------

<PAGE>

--------------------------------------------------------------------------------

               Chase Mortgage Finance Corporation, Series 1999-S1

                                 March 25, 1999
--------------------------------------------------------------------------------
                         STATEMENT TO CERTIFICATEHOLDERS

Sec. 6.02(a)(iii)    Aggregate Amount of Principal Prepayments      3,027,220.03
                     Aggregate Amount of Repurchase Proceeds                0.00

Sec. 6.02(a)(iv):    Aggregate Servicer Advances                          941.64

Sec. 6.02(a)(v):     Number of Outstanding Mortgage Loans               1,258.00
                     Ending Principal Balance of
                       Outstanding Mortgage Loans                 396,067,685.28

Sec. 6.02(a)(vi):    Aggregate Amount of Servicing Fees               102,684.90

Sec. 6.02(a)(vii):   

      Number and Aggregate Principal Balances of Delinquent Mortgage Loans

--------------------------------------------------------------------------------
                                   Group Totals
--------------------------------------------------------------------------------
           Period                Number       Principal Balance     Percentage
--------------------------------------------------------------------------------
         31-60 days                   0             0.00              0.00%
--------------------------------------------------------------------------------
         61-90 days                   0             0.00              0.00%
--------------------------------------------------------------------------------
           91+ days                   0             0.00              0.00%
--------------------------------------------------------------------------------
           Total                      0             0.00              0.00%
--------------------------------------------------------------------------------


                    Aggregate Principal Balance of Mortgage 
                      Loans Acquired Through Foreclosure                    0.00

                    -----------------------------------------------
                                     Group Totals
                    -----------------------------------------------
                     Number        Principal Balance     Percentage
                    -----------------------------------------------
                          0              0.00               0.00 %
                    -----------------------------------------------

Sec. 6.02(a)(ix):   Aggregate Amount of All Advances Recovered
                         During the Related Due Period                      0.00


Sec. 6.02(a)(x):    Class A Percentage                                    95.75%

                    Class A Principal Balance                    3 82,436,029.80

                    Class M Percentage                                     2.15%

                    Class M Principal Balance                       8,592,999.70

                    Class B Percentage                                     2.10%

                    Class B Principal Balance                       8,393,587.08

                    NON-PO Class A Percentage                             95.74%
                    NON-PO Class A Prepayment Percentage                 100.00%

                    M Credit Support                                       2.11%
                    B1 Credit Support                                      1.21%
                    B2 Credit Support                                      0.81%
                    B3 Credit Support                                      0.45%
                    B4 Credit Support                                      0.25%

Sec. 6.02(a)(xi):   Aggregate Cummulative Losses Since Cut-Off              0.00

Sec. 6.02(a)(xiv):  Compensating Interest Shortfall                         0.00


|x|                              (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
--------------------------------------------------------------------------------
<PAGE>
--------------------------------------------------------------------------------
                  Chase Mortgage Finance Trust, Series 1999-S2

                         Statement to Certificateholders

                                 March 25, 1999
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
                                                       DISTRIBUTION IN DOLLARS
--------------------------------------------------------------------------------------------------------------------------------
             ORIGINAL             PRIOR                                                                               CURRENT
               FACE             PRINCIPAL                                                 REALIZED    DEFERRED       PRINCIPAL
CLASS         VALUE              BALANCE       INTEREST       PRINCIPAL        TOTAL       LOSSES     INTEREST        BALANCE
--------------------------------------------------------------------------------------------------------------------------------
<S>      <C>                <C>             <C>            <C>            <C>               <C>         <C>       <C>           
A1       215,000,000.00     215,000,000.00  1,164,583.33     850,430.91   2,015,014.24      0.00        0.00      214,149,569.09
A2       126,772,000.00     126,772,000.00    686,681.67     592,967.90   1,279,649.57      0.00        0.00      126,179,032.10
A3         8,000,000.00       8,000,000.00     43,333.33           0.00      43,333.33      0.00        0.00        8,000,000.00
A4         3,651,000.00       3,651,000.00     19,776.25           0.00      19,776.25      0.00        0.00        3,651,000.00
A5         6,008,000.00       6,008,000.00     32,543.33           0.00      32,543.33      0.00        0.00        6,008,000.00
A6         3,731,000.00       3,731,000.00     20,209.58           0.00      20,209.58      0.00        0.00        3,731,000.00
A7         5,611,000.00       5,611,000.00     30,392.92           0.00      30,392.92      0.00        0.00        5,611,000.00
A8         9,581,000.00       9,581,000.00     46,707.38           0.00      46,707.38      0.00        0.00        9,581,000.00
A9         3,200,000.00       3,200,000.00     17,333.33           0.00      17,333.33      0.00        0.00        3,200,000.00
A10        1,000,000.00       1,000,000.00      6,666.67           0.00       6,666.67      0.00        0.00        1,000,000.00
A11        2,948,000.00       2,948,000.00     21,158.04           0.00      21,158.04      0.00        0.00        2,948,000.00
A12       45,000,000.00      45,000,000.00    243,750.00           0.00     243,750.00      0.00        0.00       45,000,000.00
AP           374,266.00         374,266.00          0.00         403.71         403.71      0.00        0.00          373,862.29
AR               100.00             100.00          0.68         100.00         100.68      0.00        0.00                0.00
M          9,900,000.00       9,900,000.00     53,625.00       7,988.40      61,613.40      0.00        0.00        9,892,011.60
B1         4,050,000.00       4,050,000.00     21,937.50       3,267.98      25,205.48      0.00        0.00        4,046,732.02
B2         1,575,000.00       1,575,000.00      8,531.25       1,270.88       9,802.13      0.00        0.00        1,573,729.12
B3         1,575,000.00       1,575,000.00      8,531.25       1,270.88       9,802.13      0.00        0.00        1,573,729.12
B4           900,000.00         900,000.00      4,875.00         726.22       5,601.22      0.00        0.00          899,273.78
B5         1,125,239.36       1,125,239.36      6,095.05         907.97       7,003.02      0.00        0.00        1,124,331.39
--------------------------------------------------------------------------------------------------------------------------------
TOTALS   450,001,605.36     450,001,605.36  2,436,731.56   1,459,334.85   3,896,066.41      0.00        0.00      448,542,270.51
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
AX       420,440,757.99     420,440,757.99    140,253.97           0.00     140,253.97      0.00        0.00      419,011,113.91
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>

|x|                              (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION



<PAGE>

--------------------------------------------------------------------------------
                  Chase Mortgage Finance Trust, Series 1999-S2

                         Statement to Certificateholders

                                 March 25, 1999
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------    ---------------------
                              FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                 PASS-THROUGH RATES
-------------------------------------------------------------------------------------------------------    ---------------------
                                 PRIOR                                                       CURRENT                  CURRENT
                               PRINCIPAL                                                    PRINCIPAL                PASS-THRU
CLASS           CUSIP           BALANCE       INTEREST      PRINCIPAL          TOTAL          FACTOR       CLASS       RATE
-------------------------------------------------------------------------------------------------------    ---------------------
<S>           <C>            <C>              <C>        <C>             <C>             <C>                <C>      <C>
A1            16162TFL5      1,000.0000000    5.416667       3.955493        9.372159      996.0445074      A1       6.500000%
A2            16162TFM3      1,000.0000000    5.416667       4.677436       10.094103      995.3225641      A2       6.500000%
A3            16162TFN1      1,000.0000000    5.416666       0.000000        5.416666    1,000.0000000      A3       6.500000%
A4            16162TFP6      1,000.0000000    5.416667       0.000000        5.416667    1,000.0000000      A4       6.500000%
A5            16162TFQ4      1,000.0000000    5.416666       0.000000        5.416666    1,000.0000000      A5       6.500000%
A6            16162TFR2      1,000.0000000    5.416666       0.000000        5.416666    1,000.0000000      A6       6.500000%
A7            16162TFS0      1,000.0000000    5.416667       0.000000        5.416667    1,000.0000000      A7       6.500000%
A8            16162TFT8      1,000.0000000    4.875001       0.000000        4.875001    1,000.0000000      A8       5.850000%
A9            16162TFU5      1,000.0000000    5.416666       0.000000        5.416666    1,000.0000000      A9       6.500000%
A10           16162TFV5      1,000.0000000    6.666670       0.000000        6.666670    1,000.0000000      A10      8.000000%
A11           16162TFW1      1,000.0000000    7.177083       0.000000        7.177083    1,000.0000000      A11      8.612500%
A12           16162TFX9      1,000.0000000    5.416667       0.000000        5.416667    1,000.0000000      A12      6.500000%
AP            16162TFY7      1,000.0000000    0.000000       1.078671        1.078671      998.9213287      AP       0.000000%
AR            16162TFZ4      1,000.0000000    6.800000   1,000.000000    1,006.800000        0.0000000      AR       6.500000%
M             16162TGA8      1,000.0000000    5.416667       0.806909        6.223576      999.1930909      M        6.500000%
B1            16162TGB6      1,000.0000000    5.416667       0.806909        6.223575      999.1930914      B1       6.500000%
B2            16162TGC4      1,000.0000000    5.416667       0.806908        6.223575      999.1930921      B2       6.500000%
B3            16162TGE0      1,000.0000000    5.416667       0.806908        6.223575      999.1930921      B3       6.500000%
B4            16162TGF7      1,000.0000000    5.416667       0.806911        6.223578      999.1930889      B4       6.500000%
B5            16162TGG5      1,000.0000000    5.416670       0.806913        6.223583      999.1930872      B5       6.500000%
-------------------------------------------------------------------------------------------------------    ---------------------
TOTALS                       1,000.0000000    5.414940       3.242955        8.657894      996.7570452 
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------    ---------------------
AX            16162TGD2           1,000.00    0.333588       0.000000        0.333588           996.60      AX       0.400306%
-------------------------------------------------------------------------------------------------------    ---------------------
</TABLE>

<PAGE>

--------------------------------------------------------------------------------
               Chase Mortgage Finance Corporation, Series 1999-S2

                                 March 25, 1999
--------------------------------------------------------------------------------

Sec. 6.02(a)(iii)    Aggregate Amount of Principal Prepayments      1,096,196.50
                     Aggregate Amount of Repurchase Proceeds                0.00

Sec. 6.02(a)(iv):    Aggregate Servicer Advances                    2,638,954.90

Sec. 6.02(a)(v):     Number of Outstanding Mortgage Loans                  1,447
                     Ending Principal Balance of
                       Outstanding Mortgage Loans                 448,542,271.31

Sec. 6.02(a)(vi):    Aggregate Amount of Servicing Fees               115,237.91

Sec. 6.02(a)(vii):   

         Number and Aggregate Amounts of Mortgage Loans in Delinquency

--------------------------------------------------------------------------------
                                     Group 1
--------------------------------------------------------------------------------
       Category              Number       Principal Balance     Percentage
--------------------------------------------------------------------------------
      1 Month                     0                    0.00          0.00%
--------------------------------------------------------------------------------
      2 Months                    0                    0.00          0.00%
--------------------------------------------------------------------------------
      3+ Months                   0                    0.00          0.00%
--------------------------------------------------------------------------------
       Total                      0                    0.00          0.00%
--------------------------------------------------------------------------------


    Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure

                    -----------------------------------------------
                                        Group 1
                    -----------------------------------------------
                     Number        Principal Balance     Percentage
                    -----------------------------------------------
                          0                     0.00          0.00%
                    -----------------------------------------------


Sec. 6.02(a)(viii)  Aggregate Number of REO Loans                              0

                    Aggregate Balance of REO Loans                          0.00


Sec. 6.02(a)(ix)    Aggregate Recovered Advances for Current Period         0.00


Sec. 6.02(a)(x)     Class A Percentage                                 95.74996%
                                                                                
                    Class M Percentage                                  2.19999%
                                                                                
                    Class B Percentage                                  2.05005%
                                                                                
                    Class A Percentage                            430,876,366.00
                                                                                
                    Class M Percentage                              9,900,000.00
                                                                                
                    Class B Principal Balance                       9,225,239.36
                                                                                
                    NON-PO Class A Percentage                          95.74642%
                                                                                
                    NON-PO Class A Prepayment Percentage              100.00000%
                                                                                
                    M Credit Support                                       2.05%
                                                                                
                    B1 Credit Support                                      1.15%
                                                                                
                    B2 Credit Support                                      0.80%
                                                                                
                    B3 Credit Support                                      0.45%
                                                                                
                    B4 Credit Support                                      0.25%
                                                                                
                                                                                
Sec. 6.02(a)(xi)    Current Period Realized Losses                          0.00

                    Cumulative Period Realized Losses                       0.00


Sec. 6.02(a)(xiv)   Compensating Interest Shortfall                         0.00


|x|                              (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
--------------------------------------------------------------------------------
<PAGE>
--------------------------------------------------------------------------------
                  Chase Mortgage Finance Trust, Series 1999-S3

                         Statement to Certificateholders

                                 March 25, 1999
--------------------------------------------------------------------------------



<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
                                              DISTRIBUTION IN DOLLARS
--------------------------------------------------------------------------------------------------------------------------------
            ORIGINAL            PRIOR                                                                                 CURRENT
              FACE            PRINCIPAL                                                   REALIZED   DEFERRED        PRINCIPAL
CLASS        VALUE             BALANCE       INTEREST      PRINCIPAL         TOTAL         LOSSES    INTEREST         BALANCE
--------------------------------------------------------------------------------------------------------------------------------
<S>      <C>                <C>             <C>            <C>            <C>               <C>         <C>       <C>           
A1       112,065,223.00     112,065,223.00  583,673.04     429,809.87     1,013,482.91      0.00        0.00      111,635,413.13
AP           176,004.00         176,004.00        0.00         614.43           614.43      0.00        0.00          175,389.57
AR               100.00             100.00        0.53         100.00           100.53      0.00        0.00                0.00
M          1,265,014.00       1,265,014.00    6,588.61       4,168.27        10,756.88      0.00        0.00        1,260,845.73
B1           402,504.00         402,504.00    2,096.38       1,326.27         3,422.65      0.00        0.00          401,177.73
B2           402,504.00         402,504.00    2,096.38       1,326.27         3,422.65      0.00        0.00          401,177.73
B3           345,004.00         345,004.00    1,796.90       1,136.80         2,933.70      0.00        0.00          343,867.20
B4           172,502.00         172,502.00      898.45         568.40         1,466.85      0.00        0.00          171,933.60
B5           172,505.00         172,505.00      898.46         568.41         1,466.87      0.00        0.00          171,936.59
--------------------------------------------------------------------------------------------------------------------------------
TOTALS   115,001,360.00     115,001,360.00  598,048.75     439,618.72     1,037,667.47      0.00        0.00      114,561,741.28
------------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------------
AX       105,726,363.20     105,726,363.20   29,967.26           0.00        29,967.26      0.00        0.00      105,320,056.97
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------      ---------------------
                              FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                 PASS-THROUGH RATES
-----------------------------------------------------------------------------------------------------      ---------------------
                                 PRIOR                                                       CURRENT                    CURRENT
                               PRINCIPAL                                                    PRINCIPAL                  PASS-THRU
CLASS           CUSIP           BALANCE       INTEREST      PRINCIPAL          TOTAL          FACTOR       CLASS          RATE
-----------------------------------------------------------------------------------------------------      ---------------------
<S>           <C>            <C>              <C>        <C>              <C>             <C>                <C>      <C>
A1            16162TFE1      1,000.0000000    5.208333       3.835355         9.043688    996.1646454        A1       6.250000%
AP            16162TFF8      1,000.0000000    0.000000       3.491000         3.491000    996.5089998        AP       0.000000%
AR            16162TFG6      1,000.0000000    5.300000   1,000.000000     1,005.300000      0.0000000        AR       6.250000%
M             16162TFH4      1,000.0000000    5.208330       3.295039         8.503368    996.7049614        M        6.250000%
B1            16162TFJ0      1,000.0000000    5.208346       3.295048         8.503394    996.7049520        B1       6.250000%
B2            16162TFK7      1,000.0000000    5.208346       3.295048         8.503394    996.7049520        B2       6.250000%
B3            16162TGH3      1,000.0000000    5.208345       3.295034         8.503380    996.7049657        B3       6.250000%
B4            16162TGJ8      1,000.0000000    5.208345       3.295034         8.503380    996.7049657        B4       6.250000%
B5            16162TGK6      1,000.0000000    5.208313       3.295035         8.503348    996.7049651        B5       6.250000%
-----------------------------------------------------------------------------------------------------      ---------------------
TOTALS                       1,000.0000000    5.200362       3.822726         9.023089    996.1772737        
-----------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------      ---------------------
AX              N/A               1,000.00    0.283442       0.000000         0.283442         996.16        AX        0.340130%
-----------------------------------------------------------------------------------------------------      ---------------------
</TABLE>


<PAGE>
|x|                              (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
--------------------------------------------------------------------------------

<PAGE>


--------------------------------------------------------------------------------

               Chase Mortgage Finance Corporation, Series 1999-S3

                                 March 25, 1999
--------------------------------------------------------------------------------
                         STATEMENT TO CERTIFICATEHOLDERS

Sec. 6.02(a)(iii)    Aggregate Amount of Principal Prepayments         60,663.28
                     Aggregate Amount of Repurchase Proceeds                0.00

Sec. 6.02(a)(iv):    Aggregate Servicer Advances                      825,834.57

Sec. 6.02(a)(v):     Number of Outstanding Mortgage Loans                    364
                     Ending Principal Balance of
                       Outstanding Mortgage Loans                 114,561,741.81

Sec. 6.02(a)(vi):    Aggregate Amount of Servicing Fees                30,178.27

Sec. 6.02(a)(vii):   

      Number and Aggregate Principal Balances of Delinquent Mortgage Loans

--------------------------------------------------------------------------------
                                   Group Totals
--------------------------------------------------------------------------------
           Period                Number       Principal Balance     Percentage
--------------------------------------------------------------------------------
         31-60 days                   0             0.00              0.00%
--------------------------------------------------------------------------------
         61-90 days                   0             0.00              0.00%
--------------------------------------------------------------------------------
           91+ days                   0             0.00              0.00%
--------------------------------------------------------------------------------
           Total                      0             0.00              0.00%
--------------------------------------------------------------------------------


    Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure

                    -----------------------------------------------
                                     Group Totals
                    -----------------------------------------------
                     Number        Principal Balance     Percentage
                    -----------------------------------------------
                          0                     0.00          0.00%
                    -----------------------------------------------


Sec. 6.02(a)(viii)  Number and Aggregate Principal Amounts of REO Loans

                    -----------------------------------------------
                                     Group Totals
                    -----------------------------------------------
                     Number        Principal Balance     Percentage
                    -----------------------------------------------
                          0                     0.00          0.00%
                    -----------------------------------------------


Sec. 6.02(a)(ix)    Aggregate Recovered Advances for Current Period         0.00


Sec. 6.02(a)(x)     Class A Percentage                                    97.60%
                                                                                
                    Class M Percentage                                     1.10%
                                                                                
                    Class B Percentage                                     1.30%
                                                                                
                    Class A Percentage                            112,241,327.00
                                                                                
                    Class M Percentage                              1,265,014.00
                                                                                
                    Class B Principal Balance                       1,495,019.00
                                                                                
                    NON-PO Class A Percentage                           97.5963%
                                                                                
                    NON-PO Class A Prepayment Percentage               100.0000%
                                                                                
                    M Credit Support                                       1.30%
                                                                                
                    B1 Credit Support                                      0.95%
                                                                                
                    B2 Credit Support                                      0.60%
                                                                                
                    B3 Credit Support                                      0.30%
                                                                                
                    B4 Credit Support                                      0.15%
                                                                                
                                                                                
Sec. 6.02(a)(xi)    Current Period Realized Losses                          0.00

                    Cumulative Period Realized Losses                       0.00


Sec. 6.02(a)(xiv)   Compensating Interest Shortfall                         0.00


|x|                              (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
--------------------------------------------------------------------------------