<PAGE> 
--------------------------------------------------------------------------------
               Chase Mortgage Finance Corporation, Series 1999-S1

                         Statement to Certificateholders

                                February 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    89,193,000.00      483,128.75     486,045.05     969,173.80    0.00            0.00        88,706,954.95
A7        18,242,000.00    18,242,000.00            0.00      75,570.59      75,570.59    0.00       98,810.83        18,265,240.24
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    56,234,000.00      304,600.83     105,515.52     410,116.35    0.00            0.00        56,128,484.48
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     1,000,000.00            0.00           0.00           0.00    0.00        5,416.67         1,005,416.67
AP           661,605.00       661,605.00            0.00         671.54         671.54    0.00            0.00           660,933.46
AR               100.00           100.00            1.64         100.00         101.64    0.00            0.00                 0.00
M          8,600,000.00     8,600,000.00       46,583.33       7,000.30      53,583.63    0.00            0.00         8,592,999.70
B1         3,600,000.00     3,600,000.00       19,500.00       2,930.36      22,430.36    0.00            0.00         3,597,069.64
B2         1,600,000.00     1,600,000.00        8,666.67       1,302.38       9,969.05    0.00            0.00         1,598,697.62
B3         1,400,000.00     1,400,000.00        7,583.33       1,139.58       8,722.91    0.00            0.00         1,398,860.42
B4           800,000.00       800,000.00        4,333.33         651.19       4,984.52    0.00            0.00           799,348.81
B5         1,000,424.92     1,000,424.92        5,418.97         814.33       6,233.30    0.00            0.00           999,610.59
-----------------------------------------------------------------------------------------------------------------------------------
TOTALS   400,000,129.92   400,000,129.92    2,024,477.87     681,740.84   2,706,218.71    0.00      104,227.50       399,422,616.58
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
A5         6,808,292.00     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   361,515,966.00      113,885.43           0.00     113,885.43    0.00            0.00       360,978,341.86
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
|x|                             (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
--------------------------------------------------------------------------------

<PAGE>

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

                        Statement to Certificateholders

                               February 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        1,000.0000000         5.416667        5.449363           10.866030       994.5506368             A6            6.500000%
A7        1,000.0000000         0.000000        4.142670            4.142670     1,001.2739963             A7            6.500000%
A8        1,000.0000000         5.416667        0.000000            5.416667     1,000.0000000             A8            6.500000%
A9        1,000.0000000         5.416667        1.876365            7.293032       998.1236348             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       1,000.0000000         0.000000        0.000000            0.000000     1,005.4166700             A23           6.500000%
AP        1,000.0000000         0.000000        1.015017            1.015017       998.9849835             AP            0.000000%
AR        1,000.0000000        16.400000    1,000.000000        1,016.400000         0.0000000             AR            6.500000%
M         1,000.0000000         5.416666        0.813988            6.230655       999.1860116             M             6.500000%
B1        1,000.0000000         5.416667        0.813989            6.230656       999.1860111             B1            6.500000%
B2        1,000.0000000         5.416669        0.813988            6.230656       999.1860125             B2            6.500000%
B3        1,000.0000000         5.416664        0.813986            6.230650       999.1860143             B3            6.500000%
B4        1,000.0000000         5.416663        0.813988            6.230650       999.1860125             B4            6.500000%
B5        1,000.0000000         5.416668        0.813984            6.230652       999.1860159             B5            6.500000%
----------------------------------------------------------------------------------------------            ------------------------
TOTALS    1,000.0000000         5.061193        1.704352            6.765545       998.5562171
----------------------------------------------------------------------------------------------            ------------------------

----------------------------------------------------------------------------------------------            ------------------------
A5             1,000.00         5.416667        0.000000            5.416667          1,000.00             A5            6.500000%
AX             1,000.00         0.315022        0.000000            0.315022            998.51             AX            0.378026%
----------------------------------------------------------------------------------------------            -------------------------
</TABLE>


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

<PAGE>

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

               Chase Mortgage Finance Corporation, Series 1999-S1

                                February 25, 1999
--------------------------------------------------------------------------------
                         STATEMENT TO CERTIFICATEHOLDERS

Sec. 6.02(a)(iii)    Aggregate Amount of Principal Prepayments        251,865.70
                     Aggregate Amount of Repurchase Proceeds                0.00

Sec. 6.02(a)(iv):    Aggregate Servicer Advances                    2,240,873.72

Sec. 6.02(a)(v):     Number of Outstanding Mortgage Loans               1,264.00
                     Ending Principal Balance of
                       Outstanding Mortgage Loans                 399,422,617.11

Sec. 6.02(a)(vi):    Aggregate Amount of Servicing Fees               102,833.37

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                     382,999,705.00

                    Class M Percentage                                     2.15%

                    Class M Principal Balance                       8,600,000.00

                    Class B Percentage                                     2.10%

                    Class B Principal Balance                       8,400,424.92

                    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                                      0.80%
                    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>

<TABLE>
--------------------------------------------------------------------------------
               Chase Mortgage Finance Corporation, Series 1999-AS1

                         Statement to Certificateholders

                                February 25, 1999
--------------------------------------------------------------------------------

<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>
IA1        14,654,703.00     14,654,703.00      79,379.64        51,392.86      130,772.50      0.00        0.00       14,603,310.14
IIA1       30,250,000.00     30,250,000.00     163,854.17     1,744,875.64    1,908,729.81      0.00        0.00       28,505,124.36
IIA2        3,087,859.00      3,087,859.00      16,725.90             0.00       16,725.90      0.00        0.00        3,087,859.00
IIA3        1,000,000.00      1,000,000.00       5,416.67        52,339.16       57,755.83      0.00        0.00          947,660.84
IIIA1      95,342,532.00     95,342,532.00     516,438.72       213,972.94      730,411.66      0.00        0.00       95,128,559.06
AP             25,169.00         25,169.00           0.00            67.72           67.72      0.00        0.00           25,101.28
AR                100.00            100.00           0.58           100.00          100.58      0.00        0.00                0.00
M           4,786,000.00      4,786,000.00      25,924.17         4,626.27       30,550.44      0.00        0.00        4,781,373.73
B1          2,316,000.00      2,316,000.00      12,545.00         2,238.70       14,783.70      0.00        0.00        2,313,761.30
B2          1,235,000.00      1,235,000.00       6,689.58         1,193.78        7,883.36      0.00        0.00        1,233,806.22
B3            618,000.00        618,000.00       3,347.50           597.37        3,944.87      0.00        0.00          617,402.63
B4            386,000.00        386,000.00       2,090.83           373.12        2,463.95      0.00        0.00          385,626.88
B5            694,784.72        694,784.72       3,763.42           671.60        4,435.02      0.00        0.00          694,113.12
------------------------------------------------------------------------------------------------------------------------------------
TOTALS    154,396,147.72    154,396,147.72     836,176.18     2,072,449.16    2,908,625.34      0.00        0.00      152,323,698.56
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
AX        152,908,229.99    152,908,229.99     113,348.94             0.00      113,348.94      0.00        0.00      150,839,085.56
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>


<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------     ---------------------
                          FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                 PASS-THROUGH RATES
-------------------------------------------------------------------------------------------------     ---------------------
                          PRIOR                                                        CURRENT                  CURRENT
                        PRINCIPAL                                                     PRINCIPAL       CLASS    PASS-THRU
CLASS      CUSIP          FACTOR       INTEREST       PRINCIPAL        TOTAL            FACTOR                   RATE
-------------------------------------------------------------------------------------------------     ---------------------
<S>      <C>          <C>              <C>         <C>             <C>              <C>               <C>        <C>
IA1      16162TER3    1,000.0000000    5.416667        3.506919        8.923586       996.4930808     IA1        6.500000%
IIA1     16162TES1    1,000.0000000    5.416667       57.681839       63.098506       942.3181607     IIA1       6.500000%
IIA2     16162TET9    1,000.0000000    5.416666        0.000000        5.416666     1,000.0000000     IIA2       6.500000%
IIA3     16162TEU6    1,000.0000000    5.416670       52.339160       57.755830       947.6608400     IIA3       6.500000%
IIIA1    16162TEV4    1,000.0000000    5.416667        2.244255        7.660922       997.7557451     IIIA1      6.500000%
AP       16162TEW2    1,000.0000000    0.000000        2.690611        2.690611       997.3093885     AP         0.000000%
AR       16162TEW2    1,000.0000000    5.800000    1,000.000000    1,005.800000         0.0000000     AR         6.500000%
M        16162TEX0    1,000.0000000    5.416667        0.966626        6.383293       999.0333744     M          6.500000%
B1       16162TEY8    1,000.0000000    5.416667        0.966623        6.383290       999.0333765     B1         6.500000%
B2       16162TEZ5    1,000.0000000    5.416664        0.966623        6.383287       999.0333765     B2         6.500000%
B3       16162TFA9    1,000.0000000    5.416667        0.966618        6.383285       999.0333819     B3         6.500000%
B4       16162TFC5    1,000.0000000    5.416658        0.966632        6.383290       999.0333679     B4         6.500000%
B5       16162TFD3    1,000.0000000    5.416671        0.966630        6.383301       999.0333696     B5         6.500000%
-------------------------------------------------------------------------------------------------     ---------------------
TOTALS                1,000.0000000    5.415784       13.422933       18.838717       986.5770669
-------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------     ---------------------
AX N/A                     1,000.00    0.741287        0.000000        0.741287            986.47     AX         0.889545%
-------------------------------------------------------------------------------------------------     ---------------------
</TABLE>

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

<PAGE>

--------------------------------------------------------------------------------
              Chase Mortgage Finance Corporation, Series 1999-AS1

                               February 25, 1999
--------------------------------------------------------------------------------

<TABLE>
<S>                  <C>                                                                          <C>
Sec. 6.02(a)(iii)    Aggregate Amount of Principal Prepayments                                      1,923,163.61
                     Aggregate Amount of Repurchase Proceeds                                                0.00

                     Group 1 Amount of Principal Prepayments                                            5,923.02
                     Group 1 Amount of Repurchase Proceeds                                                  0.00

                     Group 2 Amount of Principal Prepayments                                        1,772,248.32
                     Group 2 Amount of Repurchase Proceeds                                                  0.00

                     Group 3 Amount of Principal Prepayments                                          144,992.27
                     Group 3 Amount of Repurchase Proceeds                                                  0.00

Sec. 6.02(a)(iv)     Aggregate Servicer Advances                                                      940,295.37
                     Group 1 Servicer Advances                                                        121,258.36
                     Group 2 Servicer Advances                                                        224,563.19
                     Group 3 Servicer Advances                                                        594,473.82

Sec. 6.02(a)(v)      Number of Outstanding Mortgage Loans                                                  1,244
                     Ending Principal Balance of Outstanding Mortgage Loans                       152,323,698.81

                     Group 1 Outstanding Mortgage Loans                                                      169
                     Ending Principal Balance of Group 1 Mortgage Loans                            15,638,393.00

                     Group 2 Outstanding Mortgage Loans                                                      100
                     Ending Principal Balance of Group 2 Mortgage Loans                            34,932,849.87

                     Group 3 Outstanding Mortgage Loans                                                      975
                     Ending Principal Balance of Group 3 Mortgage Loans                           101,752,455.94

Sec. 6.02(a)(vi)     Aggregate Amount of Servicing Fees                                                40,387.46

Sec. 6.02(a)(vii)    Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency

--------------------------------------------------------------------------------
                                     Group 1
--------------------------------------------------------------------------------
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 %
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
                                    Group 2
--------------------------------------------------------------------------------
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 %
--------------------------------------------------------------------------------
</TABLE>



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

<PAGE>

--------------------------------------------------------------------------------
              Chase Mortgage Finance Corporation, Series 1999-AS1

                                February 25, 1999
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
                                     Group 3
--------------------------------------------------------------------------------
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%
--------------------------------------------------------------------------------



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


<PAGE>

--------------------------------------------------------------------------------
              Chase Mortgage Finance Corporation, Series 1999-AS1
                                February 25, 1999
--------------------------------------------------------------------------------

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

--------------------------------------------------------------------------------
                                     Group 2
--------------------------------------------------------------------------------
       Number                    Principal Balance              Percentage
--------------------------------------------------------------------------------
          0                             0.00                       0.00%
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
                                     Group 3
--------------------------------------------------------------------------------
       Number                    Principal Balance              Percentage
--------------------------------------------------------------------------------
          0                             0.00                       0.00%
--------------------------------------------------------------------------------

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

--------------------------------------------------------------------------------
                                     Group 2
--------------------------------------------------------------------------------
       Number                    Principal Balance              Percentage
--------------------------------------------------------------------------------
          0                             0.00                       0.00%
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
                                     Group 3
--------------------------------------------------------------------------------
       Number                    Principal Balance              Percentage
--------------------------------------------------------------------------------
          0                             0.00                       0.00%
--------------------------------------------------------------------------------

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





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


<PAGE>

--------------------------------------------------------------------------------
              Chase Mortgage Finance Corporation, Series 1999-AS1

                                February 25, 1999
--------------------------------------------------------------------------------

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


Sec. 6.02(a)(x)      Class A Percentage                                93.49998%

                     Class M Percentage                                 3.09982%

                     Class B Percentage                                 3.40020%

                     Class A Principal Balance                    144,360,363.00

                     Class M Principal Balance                      4,786,000.00

                     Class B Principal Balance                      5,249,784.72

                     NON-PO Class A Percentage                         93.49892%
                                                                     
                     NON-PO Class A Prepayment Percentage             100.00000%
                                                                    
                     M Credit Support                                      3.40%
                                                                           
                     B1 Credit Support                                     1.90%
                                                                           
                     B2 Credit Support                                     1.10%
                                                                           
                     B3 Credit Support                                     0.70%
                                                                           
                     B4 Credit Support                                     0.45%
                                                                          

Sec. 6.02(a)(xi)     Current Period Realized Losses                         0.00

                     Group 1 Current Period Realized Losses                 0.00

                     Group 2 Current Period Realized Losses                 0.00

                     Group 3 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
--------------------------------------------------------------------------------