<PAGE> 
<TABLE>

------------------------------------------------------------------------------------------------------------------------------------
                                                                     CHASE MORTGAGE FINANCE CORPORATION
                                                         MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S1
                                                                     STATEMENT TO CERTIFICATEHOLDERS
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE:        26-Oct-98                                                                                        PAGE # 1
RECORD DATE:              30-Sep-98



------------------------------------------------------------------------------------------------------------------------------------
          ORIGINAL         BEGINNING                                                                     COMPENSATING     ENDING
        CERTIFICATE       CERTIFICATE      PRINCIPAL    INTEREST         TOTAL          REALIZED LOSS     INTEREST      CERTIFICATE
CLASS     BALANCE          BALANCE       DISTRIBUTION  DISTRIBUTION    DISTRIBUTION  PRINCIPAL  INTEREST  SHORTFALLS      BALANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>   <C>             <C>              <C>             <C>          <C>             <C>          <C>       <C>      <C>           
 A-1   156,000,000.00   149,893,458.78   2,965,122.58    843,150.71   3,808,273.29    0.00         0.00      0.00     146,928,336.20
 A-2   100,000,000.00    96,670,025.12   1,616,919.19    543,768.89   2,160,688.08    0.00         0.00      0.00      95,053,105.93
 A-3    50,000,000.00    48,414,299.31     769,960.72    272,330.43   1,042,291.15    0.00         0.00      0.00      47,644,338.59
 A-4    22,100,000.00    22,100,000.00           0.00    124,312.50     124,312.50    0.00         0.00      0.00      22,100,000.00
 A-5    14,058,975.00    14,058,975.00           0.00     74,129.93      74,129.93    0.00         0.00      0.00      14,058,975.00
 A-6     4,686,325.00     4,686,325.00           0.00     31,312.38      31,312.38    0.00         0.00      0.00       4,686,325.00
 A-7    40,500,000.00    40,500,000.00           0.00    227,812.50     227,812.50    0.00         0.00      0.00      40,500,000.00
 A-P       451,538.00       449,562.16         513.20          0.00         513.20    0.00         0.00      0.00         449,048.96
 A-R           100.86             0.00           0.00          0.00           0.00    0.00         0.00      0.00               0.00
  M      8,707,712.00     8,680,546.16       6,936.30     48,828.07      55,764.37    0.00         0.00      0.00       8,673,609.86
 B-1     3,442,584.00     3,431,843.97       2,742.27     19,304.12      22,046.39    0.00         0.00      0.00       3,429,101.70
 B-2     1,822,544.00     1,816,858.23       1,451.76     10,219.83      11,671.59    0.00         0.00      0.00       1,815,406.47
 B-3     1,417,534.00     1,413,111.80       1,129.13      7,948.75       9,077.88    0.00         0.00      0.00       1,411,982.67
 B-4       810,019.00       807,491.87         645.26      4,542.14       5,187.40    0.00         0.00      0.00         806,846.61
 B-5     1,012,573.33     1,009,414.16         806.64      5,677.95       6,484.59    0.00         0.00      0.00       1,008,607.52
------------------------------------------------------------------------------------------------------------------------------------
TOTAL  405,009,905.19   393,931,911.56   5,366,227.05  2,213,338.20   7,579,565.25    0.00         0.00      0.00     388,565,684.51
------------------------------------------------------------------------------------------------------------------------------------



--------------------------------------------------------------------------------------------------------------------------
                   ORIGINAL              BEGINNING                                                          ENDING
                   NOTIONAL               NOTIONAL              INTEREST               TOTAL               NOTIONAL
   CLASS           BALANCE                BALANCE             DISTRIBUTION         DISTRIBUTION            BALANCE
--------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------
<S>              <C>                    <C>                      <C>                   <C>              <C>           
    A-X             377,526,002.16         366,568,223.66           144,906.78            144,906.78       361,233,293.90
--------------------------------------------------------------------------------------------------------------------------



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

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


            FACTOR INFORMATION PER $1,000                                                                  PASS THRU RATES


                 PRINCIPAL               INTEREST             END. CERT.                                       PASS-THRU
   CLASS        DISTRIBUTION           DISTRIBUTION            BALANCE                         CLASS             RATE
-------------------------------------------------------------------------------               ----------------------------------
<S>     <C>                 <C>                     <C>                                       <C>            <C>          
    A-1         19.00719603             5.40481224         941.84830897                         A-1             6.75000000%
    A-2         16.16919190             5.43768890         950.53105930                         A-2             6.75000000%
    A-3         15.39921440             5.44660860         952.88677180                         A-3             6.75000000%
    A-4          0.00000000             5.62500000        1000.00000000                         A-4             6.75000000%
    A-5          0.00000000             5.27278340        1000.00000000                         A-5             6.32734000%
    A-6          0.00000000             6.68164927        1000.00000000                         A-6             8.01798000%
    A-7          0.00000000             5.62500000        1000.00000000                         A-7             6.75000000%
    A-P          1.13655994                    N/A         994.48764002                         A-P                     N/A
    A-R          0.00000000             0.00000000           0.00000000                         A-R             6.75000000%
    A-X                 N/A             0.38383258         956.84348054                         A-X             0.47436817%
     M           0.79656975             5.60745119         996.08368536                          M              6.75000000%
    B-1          0.79657316             5.60745068         996.08366855                         B-1             6.75000000%
    B-2          0.79655690             5.60745310         996.08375436                         B-2             6.75000000%
    B-3          0.79654527             5.60744927         996.08381175                         B-3             6.75000000%
    B-4          0.79659860             5.60744871         996.08356100                         B-4             6.75000000%
    B-5          0.79662379             5.60744573         996.08343427                         B-5             6.75000000%
-------------------------------------------------------------------------------                  ----------------------------------


------------------------------------------------------------------------------------------------------------------------------------
                                                                          CHASE MORTGAGE FINANCE CORPORATION
                                                            MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S1
                                                                           STATEMENT TO CERTIFICATEHOLDERS
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE:   26-Oct-98                                                                                              PAGE # 2
RECORD DATE:         30-Sep-98




<S>                <C>                                                                                       <C>         
SECTION 6.02 (iii)   AGGREGATE PRINCIPAL PREPAYMENT AMOUNT                                                            5,051,397.26
                     AGGREGATE REPURCHASE PROCEEDS AMOUNT                                                                     0.00


SECTION 6.02 (iv)    AGGREGATE SERVICER ADVANCES                                                                         33,443.38


SECTION 6.02 (iv)    NUMBER OF OUTSTANDING MORTGAGE LOANS                                                                    1,375
                     ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL                                          388,565,684.52


SECTION 6.02 (vi)    SERVICING FEES                                                                                     102,094.09


SECTION 6.02 (vii)   NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:

                     -------------------------------------------------------------------------------------
                            CATEGORY                COUNT                    AGG. PRIN. BAL.
                     -------------------------------------------------------------------------------------
                             1 MONTH                  9                      1,913,660.49
                            2 MONTHS                  1                        286,294.84
                            3+ MONTHS                 0                              0.00
                           FORECLOSURE                0                              0.00
                     -------------------------------------------------------------------------------------


SECTION 6.02 (viii)  MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE

                                             -------------------------------------------------------------
                                                    COUNT                    AGG. PRIN. BAL.
                                             -------------------------------------------------------------
                                                      0                              0.00
                                             -------------------------------------------------------------


SECTION 6.02 (ix)    AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED                                            0.00
                     DUE PERIOD


                     -------------------------------------------------------------------------------------
SECTION 6.02 (x)              CLASS              PERCENTAGE                 PRINCIPAL BALANCE
                     -------------------------------------------------------------------------------------
                             CLASS A               95.64%                      376,772,645.37
                             CLASS M                2.20%                        8,680,546.16
                             CLASS B                2.15%                        8,478,720.03
                     -------------------------------------------------------------------------------------

                     NON-PO CLASS A PERCENTAGE                                                                               95.64%
                     NON-PO CLASS A PREPAYMENT PERCENTAGE                                                                   100.00%

                     CREDIT SUPPORT LEVEL

                                             -------------------------------------------------------------
                                                    CLASS                     CREDIT SUPPORT
                                             -------------------------------------------------------------
                                                      M                           2.15%
                                                     B-1                          1.28%
                                                     B-2                          0.82%
                                                     B-3                          0.46%
                                                     B-4                          0.26%
                                             -------------------------------------------------------------



SECTION 6.02 (xi)    CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES                                                              0.00
                     CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES                                                              0.00


 (C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
------------------------------------------------------------------------------------------------------------------------------------
                                                    CHASE MORTGAGE FINANCE CORPORATION
                                         MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S2
                                                     STATEMENT TO CERTIFICATEHOLDERS
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE:   26-Oct-98                                                                                             PAGE # 1
RECORD DATE:         30-Sep-98

------------------------------------------------------------------------------------------------------------------------------------
              ORIGINAL       BEGINNING                                                                  COMPENSATING      ENDING
             CERTIFICATE     CERTIFICATE       PRINCIPAL   INTEREST        TOTAL        REALIZED LOSS    INTEREST      CERTIFICATE
   CLASS      BALANCE         BALANCE        DISTRIBUTION DISTRIBUTION   DISTRIBUTION PRINCIPAL INTEREST SHORTFALLS      BALANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>       <C>              <C>             <C>           <C>           <C>             <C>     <C>      <C>        <C>
    A-1      70,900,000.00   70,900,000.00          0.00   384,041.67      384,041.67   0.00     0.00       0.00       70,900,000.00
    A-2      42,347,000.00   42,347,000.00          0.00   229,379.58      229,379.58   0.00     0.00       0.00       42,347,000.00
    A-3      59,497,000.00   59,497,000.00          0.00   327,233.50      327,233.50   0.00     0.00       0.00       59,497,000.00
    A-5      46,300,000.00   45,577,958.75    303,051.69   265,871.43      568,923.12   0.00     0.00       0.00       45,274,907.06
  A-6 CP1    13,800,000.00   13,584,791.14     90,326.42    79,244.61      169,571.03   0.00     0.00       0.00       13,494,464.72
  A-6 CP2    21,900,000.00   21,426,381.76    253,395.89   124,987.23      378,383.12   0.00     0.00       0.00       21,172,985.87
    A-7       7,000,000.00    3,562,705.18  1,083,886.17         0.00    1,083,886.17   0.00     0.00       0.00        2,499,601.46
    A-8         500,000.00      508,801.14          0.00         0.00            0.00   0.00     0.00       0.00          511,769.15
    A-9     127,600,000.00  125,808,703.22    735,188.53   733,884.10    1,469,072.63   0.00     0.00       0.00      125,073,514.69
   A-10      15,600,000.00    9,033,073.36  2,263,225.43         0.00    2,263,225.43   0.00     0.00       0.00        6,822,540.86
   A-11       7,599,000.00    7,732,759.74          0.00         0.00            0.00   0.00     0.00       0.00        7,777,867.51
   A-12         985,000.00    1,002,338.24          0.00         0.00            0.00   0.00     0.00       0.00        1,008,185.21
   A-13       8,937,320.00    8,454,107.44    170,435.73          N/A      170,435.73   0.00     0.00       0.00        8,283,671.71
   A-14      84,278,300.00   84,278,300.00          0.00   474,065.44      474,065.44   0.00     0.00       0.00       84,278,300.00
    A-P         237,974.00      237,312.44        239.83          N/A          239.83   0.00     0.00       0.00          237,072.61
    A-R             100.95            0.00          0.00         0.00            0.00   0.00     0.00       0.00                0.00
     M       11,396,000.00   11,369,813.58      8,981.04    63,955.20       72,936.24   0.00     0.00       0.00       11,360,832.54
    B-1       4,505,000.00    4,494,648.14      3,550.33    25,282.40       28,832.73   0.00     0.00       0.00        4,491,097.81
    B-2       2,385,000.00    2,379,519.61      1,879.59    13,384.80       15,264.39   0.00     0.00       0.00        2,377,640.02
    B-3       1,855,000.00    1,850,737.47      1,461.90    10,410.40       11,872.30   0.00     0.00       0.00        1,849,275.57
    B-4       1,061,000.00    1,058,561.97        836.16     5,954.41        6,790.57   0.00     0.00       0.00        1,057,725.81
    B-5       1,325,030.44    1,321,985.70      1,044.24     7,436.17        8,480.41   0.00     0.00       0.00        1,320,941.46
------------------------------------------------------------------------------------------------------------------------------------
   TOTAL    530,008,725.39  516,426,498.88  4,917,502.95 2,745,130.94    7,662,633.89   0.00     0.00       0.00      511,636,394.06
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------
             ORIGINAL              BEGINNING                                                       ENDING
             NOTIONAL               NOTIONAL              INTEREST             TOTAL              NOTIONAL
   CLASS     BALANCE                BALANCE             DISTRIBUTION        DISTRIBUTION           BALANCE
------------------------------------------------------------------------------------------------------------------
<S>     <C>               <C>                  <C>                     <C>                 <C> 
    A-4      5,516,488.89         5,516,488.89            31,030.25          31,030.25          5,516,488.89
    A-X    511,626,605.16       498,095,543.33           192,445.41         192,445.41        493,323,513.84
------------------------------------------------------------------------------------------------------------------

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

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

            FACTOR INFORMATION PER $1,000                                                         PASS THRU RATES

                  PRINCIPAL               INTEREST             END. CERT.                            PASS-THRU
   CLASS         DISTRIBUTION           DISTRIBUTION            BALANCE                CLASS            RATE
-------------------------------------------------------------------------------       ---------------------------------
<S>        <C>                    <C>               <C>                            <C>                <C>        
A-1             0.00000000             5.41666671        1000.00000000                A-1                  6.50000000%
A-2             0.00000000             5.41666659        1000.00000000                A-2                  6.50000000%
A-3             0.00000000             5.50000000        1000.00000000                A-3                  6.60000000%
A-4                    N/A             5.62500000        1000.00000000                A-4                  6.75000000%
A-5             6.54539287             5.74236350         977.85976371                A-5                  7.00000000%
A-6 CP1         6.54539275             5.74236304         977.85976232                A-6 CP1              7.00000000%
A-6 CP2        11.57058858             5.70717945         966.80300776                A-6 CP2              7.00000000%
A-7           154.84088143             0.00000000         357.08592286                A-7                  7.00000000%
A-8             0.00000000             0.00000000        1023.53830000                A-8                  7.00000000%
A-9             5.76166560             5.75144279         980.19995839                A-9                  7.00000000%
A-10          145.07855321             0.00000000         437.34236282                A-10                 7.00000000%
A-11            0.00000000             0.00000000        1023.53829583                A-11                 7.00000000%
A-12            0.00000000             0.00000000        1023.53828426                A-12                 7.00000000%
A-13           19.07011610                    N/A         926.86305403                A-13                         N/A
A-14            0.00000000             5.62500003        1000.00000000                A-14                 6.75000000%
A-P             1.00779917                    N/A         996.21223327                A-P                          N/A
A-R             0.00000000             0.00000000           0.00000000                A-R                  6.75000000%
A-X                    N/A             0.37614426         964.22568503                A-X                  0.46362000%
M               0.78808705             5.61207441         996.91405230                M                    6.75000000%
B-1             0.78808657             5.61207547         996.91405327                B-1                  6.75000000%
B-2             0.78808805             5.61207547         996.91405451                B-2                  6.75000000%
B-3             0.78808625             5.61207547         996.91405391                B-3                  6.75000000%
B-4             0.78808671             5.61207352         996.91405278                B-4                  6.75000000%
B-5             0.78808756             5.61207484         996.91404825                B-5                  6.75000000%
-------------------------------------------------------------------------------               ---------------------------------


(C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
------------------------------------------------------------------------------------------------------------------------------------



------------------------------------------------------------------------------------------------------------------------------------
                                                CHASE MORTGAGE FINANCE CORPORATION
                                     MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S2
                                                  STATEMENT TO CERTIFICATEHOLDERS
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------

DISTRIBUTION DATE: 26-Oct-98                                                                                               PAGE # 2
RECORD DATE:       30-Sep-98




<S>                             <C>                                                                              <C>         
  SECTION 6.02 (iii)               AGGREGATE PRINCIPAL PREPAYMENT AMOUNT                                               4,382,161.45
                                   AGGREGATE REPURCHASE PROCEEDS AMOUNT                                                        0.00


  SECTION 6.02 (iv)                AGGREGATE SERVICER ADVANCES                                                                 0.00


  SECTION 6.02 (iv)                NUMBER OF OUTSTANDING MORTGAGE LOANS                                                       1,723
                                   ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL                             511,636,394.06


  SECTION 6.02 (vi)                SERVICING FEES                                                                        132,764.74


  SECTION 6.02 (vii)               NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:

                                   ------------------------------------------------------------------------------------
                                          CATEGORY               COUNT                    AGG. PRIN. BAL.
                                   ------------------------------------------------------------------------------------
                                          1 MONTH                 11                        3,506,028.60
                                          2 MONTHS                 0                                0.00
                                         3+ MONTHS                 0                                0.00
                                        FORECLOSURE                0                                0.00
                                   ------------------------------------------------------------------------------------


  SECTION 6.02 (viii)              MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE

                                                          -------------------------------------------------------------
                                                                 COUNT                    AGG. PRIN. BAL.
                                                          -------------------------------------------------------------
                                                                   0                                              0.00
                                                          -------------------------------------------------------------


  SECTION 6.02 (ix)                AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED                               0.00
                                   DUE PERIOD


                                   ------------------------------------------------------------------------------------
  SECTION 6.02 (x)                         CLASS              PERCENTAGE                 PRINCIPAL BALANCE
                                   ------------------------------------------------------------------------------------
                                          CLASS A               95.65%                                  493,951,232.41
                                          CLASS M                2.20%                                   11,369,813.58
                                          CLASS B                2.15%                                   11,105,452.89
                                   ------------------------------------------------------------------------------------

                                   NON-PO CLASS A PERCENTAGE                                                               95.64592%
                                   NON-PO CLASS A PREPAYMENT PERCENTAGE                                                   100.00000%

                                   CREDIT SUPPORT LEVEL

                                                          -------------------------------------------------------------
                                                                 CLASS                     CREDIT SUPPORT
                                                          -------------------------------------------------------------
                                                                   M                           2.15%
                                                                  B-1                          1.28%
                                                                  B-2                          0.82%
                                                                  B-3                          0.46%
                                                                  B-4                          0.26%
                                                          -------------------------------------------------------------



  SECTION 6.02 (xi)                CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES                                                 0.00
                                   CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES                                                 0.00




(C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
------------------------------------------------------------------------------------------------------------------------------------
                                             CHASE MORTGAGE FINANCE CORPORATION
                                 MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S3
                                            STATEMENT TO CERTIFICATEHOLDERS
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE:  26-Oct-98                                                                                               PAGE # 1
RECORD DATE:        30-Sep-98



------------------------------------------------------------------------------------------------------------------------------------
           ORIGINAL      BEGINNING                                                                       COMPENSATING         ENDING
         CERTIFICATE    CERTIFICATE    PRINCIPAL       INTEREST          TOTAL          REALIZED LOSS      INTEREST      CERTIFICATE
CLASS      BALANCE        BALANCE     DISTRIBUTION   DISTRIBUTION     DISTRIBUTION   PRINCIPAL  INTEREST  SHORTFALLS         BALANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>   <C>            <C>              <C>             <C>           <C>              <C>          <C>       <C>      <C>          
 A-1    61,642,000.00  60,331,430.38    691,212.75      326,795.25    1,018,008.00     0.00         0.00      0.00     59,640,217.63
 A-2     7,000,000.00   7,000,000.00          0.00       37,916.67       37,916.67     0.00         0.00      0.00      7,000,000.00
 A-3    94,261,000.00  92,461,291.35    949,191.52      500,831.99    1,450,023.51     0.00         0.00      0.00     91,512,099.83
 A-4    11,300,000.00  11,300,000.00          0.00       61,208.33       61,208.33     0.00         0.00      0.00     11,300,000.00
 A-5    44,896,000.00  44,455,322.41    149,177.21      240,799.66      389,976.87     0.00         0.00      0.00     44,306,145.20
 A-P       551,754.00     545,654.93      1,934.23             N/A        1,934.23     0.00         0.00      0.00        543,720.70
 A-R           100.36           0.00          0.00           (0.00)          (0.00)    0.00         0.00      0.00              0.00
  M      2,475,575.00   2,451,275.94      8,225.68       13,277.74       21,503.42     0.00         0.00      0.00      2,443,050.26
 B-1       787,683.00     779,951.49      2,617.26        4,224.74        6,842.00     0.00         0.00      0.00        777,334.23
 B-2       675,156.00     668,528.99      2,243.36        3,621.20        5,864.56     0.00         0.00      0.00        666,285.63
 B-3       675,156.00     668,528.99      2,243.36        3,621.20        5,864.56     0.00         0.00      0.00        666,285.63
 B-4       337,578.00     334,264.50      1,121.68        1,810.60        2,932.28     0.00         0.00      0.00        333,142.82
 B-5       450,295.59     445,875.70      1,496.21        2,415.16        3,911.37     0.00         0.00      0.00        444,379.49
------------------------------------------------------------------------------------------------------------------------------------
TOTAL  225,052,297.95 221,442,124.68  1,809,463.26    1,196,522.54    3,005,985.80     0.00         0.00      0.00    219,632,661.42
------------------------------------------------------------------------------------------------------------------------------------



------------------------------------------------------------------------------------------------------------------
           ORIGINAL              BEGINNING                                                          ENDING
           NOTIONAL               NOTIONAL              INTEREST               TOTAL               NOTIONAL
   CLASS   BALANCE                BALANCE             DISTRIBUTION         DISTRIBUTION            BALANCE
------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------
<S>      <C>                 <C>                       <C>                   <C>             <C>           
    A-X    198,278,988.72      194,987,749.95            61,874.50             61,874.50       193,272,796.09
------------------------------------------------------------------------------------------------------------------

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


            FACTOR INFORMATION PER $1,000                                                                  PASS THRU RATES


                  PRINCIPAL               INTEREST             END. CERT.                                             PASS-THRU
   CLASS         DISTRIBUTION           DISTRIBUTION            BALANCE                                CLASS             RATE

-------------------------------------------------------------------------------                   ----------------------------------
<S>              <C>               <C>                     <C>                                   <C>                 <C>
    A-1                11.21334074             5.30150303         967.52567454                          A-1             6.50000000%
    A-2                 0.00000000             5.41666714        1000.00000000                          A-2             6.50000000%
    A-3                10.06982230             5.31324715         970.83735405                          A-3             6.50000000%
    A-4                 0.00000000             5.41666637        1000.00000000                          A-4             6.50000000%
    A-5                 3.32272831             5.36349920         986.86175160                          A-5             6.50000000%
    A-P                 3.50560213                    N/A         985.44043179                          A-P                     N/A
    A-R                 0.00000000             0.00000000           0.00000000                          A-R             6.50000000%
    A-X                        N/A             0.31205777         974.75177445                          A-X             0.38079000%
     M                  3.32273512             5.36349737         986.86174323                           M              6.50000000%
    B-1                 3.32273262             5.36350283         986.86175784                          B-1             6.50000000%
    B-2                 3.32272838             5.36350118         986.86174751                          B-2             6.50000000%
    B-3                 3.32272838             5.36350118         986.86174751                          B-3             6.50000000%
    B-4                 3.32272838             5.36350118         986.86176232                          B-4             6.50000000%
    B-5                 3.32272852             5.36349912         986.86174120                          B-5             6.50000000%
-------------------------------------------------------------------------------                   ----------------------------------


(C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
                                                                          CHASE MORTGAGE FINANCE CORPORATION
                                                            MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S3
                                                                           STATEMENT TO CERTIFICATEHOLDERS
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: 26-Oct-98                                                                                                PAGE # 2
RECORD DATE:       30-Sep-98




<S>                           <C>                                                                                <C>         
SECTION 6.02 (iii)              AGGREGATE PRINCIPAL PREPAYMENT AMOUNT                                                  1,066,320.61
                                AGGREGATE REPURCHASE PROCEEDS AMOUNT                                                           0.00


SECTION 6.02 (iv)               AGGREGATE SERVICER ADVANCES                                                               12,536.98


SECTION 6.02 (v)                NUMBER OF OUTSTANDING MORTGAGE LOANS                                                            780
                                ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL                                219,632,661.42


SECTION 6.02 (vi)               SERVICING FEES                                                                            58,497.61


SECTION 6.02 (vii)              NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:

                                -------------------------------------------------------------------------------------
                                       CATEGORY                COUNT                    AGG. PRIN. BAL.
                                -------------------------------------------------------------------------------------
                                        1 MONTH                  0                                              0.00
                                       2 MONTHS                  0                                              0.00
                                       3+ MONTHS                 1                                        324,244.47
                                      FORECLOSURE                0                                              0.00
                                -------------------------------------------------------------------------------------


SECTION 6.02 (viii)             MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE

                                                        -------------------------------------------------------------
                                                               COUNT                    AGG. PRIN. BAL.
                                                        -------------------------------------------------------------
                                                                 0                                              0.00
                                                        -------------------------------------------------------------


SECTION 6.02 (ix)               AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED                                  0.00
                                DUE PERIOD


                                -------------------------------------------------------------------------------------
SECTION 6.02 (x)                         CLASS              PERCENTAGE                 PRINCIPAL BALANCE
                                ------------------------                    -----------------------------------------
                                -------------------------------------------------------------------------------------
                                        CLASS A               97.58%                                  216,093,699.07
                                        CLASS M                1.11%                                    2,451,275.94
                                        CLASS B                1.31%                                    2,897,149.67
                                -------------------------------------------------------------------------------------

                                NON-PO CLASS A PERCENTAGE                                                                     97.58%
                                NON-PO CLASS A PREPAYMENT PERCENTAGE                                                         100.00%

                                CREDIT SUPPORT LEVEL

                                                        -------------------------------------------------------------
                                                               CLASS                     CREDIT SUPPORT
                                                        -------------------------------------------------------------
                                                                            -----------------------------------------
                                                                 M                           1.31%
                                                                B-1                          0.96%
                                                                B-2                          0.65%
                                                                B-3                          0.35%
                                                                B-4                          0.20%
                                                        -------------------------------------------------------------



SECTION 6.02 (xi)               CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES                                                    0.00
                                CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES                                                    0.00






   (C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
------------------------------------------------------------------------------------------------------------------------------------
                                                  CHASE MORTGAGE FINANCE CORPORATION
                                         MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S4
                                                   STATEMENT TO CERTIFICATEHOLDERS
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------

DISTRIBUTION DATE: 26-Oct-98                                                                                                PAGE # 1
RECORD DATE:       30-Sep-98

------------------------------------------------------------------------------------------------------------------------------------
             ORIGINAL        BEGINNING                                                                     COMPENSATING     ENDING
           CERTIFICATE      CERTIFICATE     PRINCIPAL       INTEREST        TOTAL         REALIZED LOSS     INTEREST     CERTIFICATE
 CLASS       BALANCE          BALANCE      DISTRIBUTION   DISTRIBUTION   DISTRIBUTION  PRINCIPAL  INTEREST  SHORTFALLS      BALANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>      <C>              <C>            <C>            <C>            <C>            <C>         <C>       <C>      <C>  
  A-1      25,000,000.00   25,000,000.00           0.00     136,458.33     136,458.33     0.00      0.00       0.00    25,000,000.00
  A-2      25,850,000.00   25,850,000.00           0.00     140,020.83     140,020.83     0.00      0.00       0.00    25,850,000.00
  A-3      66,951,000.00   66,951,000.00           0.00     365,440.88     365,440.88     0.00      0.00       0.00    66,951,000.00
  A-4      61,548,000.00   61,548,000.00           0.00     335,949.50     335,949.50     0.00      0.00       0.00    61,548,000.00
  A-6       8,590,000.00    8,505,702.82      50,928.17      56,704.69     107,632.86     0.00      0.00       0.00     8,454,774.65
  A-7      79,810,000.00   79,026,791.88     473,175.49     457,696.84     930,872.33     0.00      0.00       0.00    78,553,616.39
  A-8      15,000,000.00   14,852,798.88      88,931.61      86,641.33     175,572.94     0.00      0.00       0.00    14,763,867.27
  A-9      46,000,000.00   45,548,583.21     272,723.63     261,904.35     534,627.98     0.00      0.00       0.00    45,275,859.58
A-10 CP1   31,500,000.00   31,126,594.13     287,021.04     182,868.74     469,889.78     0.00      0.00       0.00    30,839,573.09
A-10 CP2    8,500,000.00    8,416,586.03      50,394.58      49,447.44      99,842.02     0.00      0.00       0.00     8,366,191.45
A-11 CP1   31,500,000.00   31,126,594.13     287,021.04     180,274.86     467,295.90     0.00      0.00       0.00    30,839,573.09
A-11 CP2    8,500,000.00    8,416,586.04      50,394.58      48,746.06      99,140.64     0.00      0.00       0.00     8,366,191.46
  A-12     19,409,000.00   12,116,606.26   2,973,045.53           0.00   2,973,045.53     0.00      0.00       0.00     9,214,240.93
  A-13      1,350,000.00    1,365,795.94           0.00           0.00           0.00     0.00      0.00       0.00     1,373,763.08
  A-14      9,265,280.00    8,907,631.92     165,001.92            N/A     165,001.92     0.00      0.00       0.00     8,742,630.00
  A-15     87,450,000.00   87,450,000.00           0.00     491,906.25     491,906.25     0.00      0.00       0.00    87,450,000.00
  A-P         403,517.00      402,792.81         355.21            N/A         355.21     0.00      0.00       0.00       402,437.60
  A-R             100.11            0.00           0.00           0.00           0.00     0.00      0.00       0.00             0.00
   M       11,825,000.00   11,806,982.97       9,136.20      66,414.28      75,550.48     0.00      0.00       0.00    11,797,846.77
  B-1       4,675,000.00    4,667,876.98       3,611.99      26,256.81      29,868.80     0.00      0.00       0.00     4,664,264.99
  B-2       2,475,000.00    2,471,228.99       1,912.23      13,900.66      15,812.89     0.00      0.00       0.00     2,469,316.76
  B-3       1,925,000.00    1,922,067.00       1,487.29      10,811.63      12,298.92     0.00      0.00       0.00     1,920,579.71
  B-4       1,100,000.00    1,098,323.99         849.88       6,178.07       7,027.95     0.00      0.00       0.00     1,097,474.11
  B-5       1,375,121.80    1,373,026.63       1,062.44       7,723.27       8,785.71     0.00      0.00       0.00     1,371,964.19
------------------------------------------------------------------------------------------------------------------------------------
 TOTAL    550,002,018.91  539,951,570.61   4,717,052.83   2,925,344.82   7,642,397.65     0.00      0.00       0.00   535,313,165.12
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------
           ORIGINAL                BEGINNING                                                                    ENDING
           NOTIONAL                 NOTIONAL                 INTEREST                  TOTAL                   NOTIONAL
CLASS      BALANCE                  BALANCE                DISTRIBUTION             DISTRIBUTION               BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S>    <C>                      <C>                         <C>                      <C>                 <C>         
 A-5      5,505,525.93             5,505,525.93                30,968.58                30,968.58             5,505,525.93
 A-X    523,531,639.82           513,529,551.93               190,959.54               190,959.54           508,914,380.73
-------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------

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

                   FACTOR INFORMATION PER $1,000                                                                     PASS THRU RATES

             PRINCIPAL           INTEREST         END. CERT.                                       PASS-THRU
CLASS      DISTRIBUTION       DISTRIBUTION        BALANCE                             CLASS          RATE
--------------------------------------------------------------                        -------------------------------------
<S>       <C>                <C>            <C>                                     <C>        <C>        
A-1           0.00000000         5.45833320     1000.00000000                         A-1          6.55000000%
A-2           0.00000000         5.41666654     1000.00000000                         A-2          6.50000000%
A-3           0.00000000         5.45833341     1000.00000000                         A-3          6.55000000%
A-4           0.00000000         5.45833333     1000.00000000                         A-4          6.55000000%
A-5                  N/A         5.62499939     1000.00000000                         A-5          6.75000000%
A-6           5.92877416         6.60124447      984.25781723                         A-6          8.00000000%
A-7           5.92877446         5.73483072      984.25781719                         A-7          6.95000000%
A-8           5.92877400         5.77608867      984.25781800                         A-8          7.00000000%
A-9           5.92877457         5.69357283      984.25781696                         A-9          6.90000000%
A-10 CP1      5.92877457         5.69357283      984.25781696                         A-10 CP1     7.05000000%
A-10 CP2      5.92877412         5.81734588      984.25781765                         A-10 CP2     7.05000000%
A-11 CP1      5.92877412         5.81734588      984.25781765                         A-11 CP1     6.95000000%
A-11 CP2      5.92877412         5.73483059      984.25781882                         A-11 CP2     6.95000000%
A-12        153.17870730         0.00000000      474.74063218                         A-12         7.00000000%
A-13          0.00000000         0.00000000     1017.60228148                         A-13         7.00000000%
A-14         17.80862748                N/A      943.59047973                         A-14                 N/A
A-15          0.88028509         5.62500000      997.32501976                         A-15         6.75000000%
A-P           0.88028509                N/A      997.32501976                         A-P                  N/A
A-R           0.00000000         0.00000000        0.00000000                         A-R          6.75000000%
A-X                  N/A         0.36475263      972.07951157                         A-X          0.44623000%
M             0.77261734         5.61642960      997.70374376                         M            6.75000000%
B-1           0.77261818         5.61642995      997.70374118                         B-1          6.75000000%
B-2           0.77261818         5.61642828      997.70374141                         B-2          6.75000000%
B-3           0.77261818         5.61643117      997.70374545                         B-3          6.75000000%
B-4           0.77261818         5.61642727      997.70373636                         B-4          6.75000000%
B-5           0.77261520         5.61642612      997.70375977                         B-5          6.75000000%
--------------------------------------------------------------                        -------------------------------------


(C) COPYRIGHT 1998, THE CHASE MANHATTAN BANK
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
                                                               CHASE MORTGAGE FINANCE CORPORATION
                                                      MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S4
                                                               STATEMENT TO CERTIFICATEHOLDERS
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE:  26-Oct-98                                                                                               PAGE # 2
RECORD DATE:        30-Sep-98




<S>                      <C>                                                                                  <C>         
SECTION 6.02 (iii)         AGGREGATE PRINCIPAL PREPAYMENT AMOUNT                                                      4,220,560.54
                           AGGREGATE REPURCHASE PROCEEDS AMOUNT                                                               0.00


SECTION 6.02 (iv)          AGGREGATE SERVICER ADVANCES                                                                        0.00


SECTION 6.02 (iv)          NUMBER OF OUTSTANDING MORTGAGE LOANS                                                              1,726
                           ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL                                    535,313,165.12


SECTION 6.02 (vi)          SERVICING FEES                                                                               138,272.49


SECTION 6.02 (vii)         NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:

                           ------------------------------------------------------------------
                                     CATEGORY          COUNT          AGG. PRIN. BAL.
                           ------------------------------------------------------------------
                                     1 MONTH            13               3,407,062.54
                                     2 MONTHS            2                 393,809.67
                                    3+ MONTHS            0                       0.00
                                   FORECLOSURE           0                       0.00
                           ------------------------------------------------------------------


SECTION 6.02 (viii)        MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE

                                                        ------------------------------------------------
                                                                    COUNT        AGG. PRIN. BAL.
                                                        ------------------------------------------------
                                                                      0                    0.00
                                                        ------------------------------------------------


SECTION 6.02 (ix)          AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED                                      0.00
                           DUE PERIOD


                           -----------------------------------------------------------------
SECTION 6.02 (x)                      CLASS         PERCENTAGE      PRINCIPAL BALANCE
                           -----------------------------------------------------------------
                                     CLASS A          95.68%           516,612,064.05
                                     CLASS M           2.19%            11,806,982.97
                                     CLASS B           2.14%            11,532,523.59
                           -----------------------------------------------------------------

                           NON-PO CLASS A PERCENTAGE                                                                      95.67425%
                           NON-PO CLASS A PREPAYMENT PERCENTAGE                                                          100.00000%

                           CREDIT SUPPORT LEVEL

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

                                                        ------------------------------------------------------------
                                                                      M                           2.14%
                                                                     B-1                          1.27%
                                                                     B-2                          0.81%
                                                                     B-3                          0.46%
                                                                     B-4                          0.25%
                                                        ------------------------------------------------------------



SECTION 6.02 (xi)          CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES                                                        0.00
                           CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES                                                        0.00



  (C) COPYRIGHT 1998, THE CHASE MANHATTAN BANK
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
------------------------------------------------------------------------------------------------------------------------------------
                                                   CHASE MORTGAGE FINANCE TRUST
                                  MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-S6
                                                   STATEMENT TO CERTIFICATEHOLDERS
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE:  26-Oct-98                                                                                               PAGE # 1
RECORD DATE:        30-Sep-98

------------------------------------------------------------------------------------------------------------------------------------
           ORIGINAL        BEGINNING                                                                    COMPENSATING        ENDING
         CERTIFICATE      CERTIFICATE      PRINCIPAL      INTEREST        TOTAL         REALIZED LOSS    INTEREST        CERTIFICATE
CLASS      BALANCE          BALANCE       DISTRIBUTION  DISTRIBUTION   DISTRIBUTION  PRINCIPAL INTEREST  SHORTFALLS         BALANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>  <C>               <C>              <C>            <C>           <C>            <C>        <C>       <C>        <C>          
 A-1     76,508,000.00    76,508,000.00    515,385.91     430,357.50    945,743.41     0.00       0.00      0.00       75,992,614.09
 A-2     75,000,000.00    75,000,000.00    494,159.78     421,875.00    916,034.78     0.00       0.00      0.00       74,505,840.22
 A-3    155,000,000.00   155,000,000.00    874,319.57     871,875.00  1,746,194.57     0.00       0.00      0.00      154,125,680.43
 A-4    150,000,000.00   150,000,000.00    762,293.94     843,750.00  1,606,043.94     0.00       0.00      0.00      149,237,706.06
 A-5     12,605,000.00    12,605,000.00          0.00      70,903.13     70,903.13     0.00       0.00      0.00       12,605,000.00
 A-6      7,242,000.00     7,242,000.00          0.00      37,718.75     37,718.75     0.00       0.00      0.00        7,242,000.00
 A-7     17,324,112.00    17,324,112.00          0.00      90,229.75     90,229.75     0.00       0.00      0.00       17,324,112.00
 A-8      7,018,888.00     7,018,888.00          0.00      33,677.26     33,677.26     0.00       0.00      0.00        7,018,888.00
 A-10    12,836,000.00    12,836,000.00    109,266.66      72,202.50    181,469.16     0.00       0.00      0.00       12,726,733.34
 A-11    17,127,529.00    17,127,529.00     26,732.32      84,938.87    111,671.19     0.00       0.00      0.00       17,100,796.68
 A-12     4,440,471.00     4,440,471.00      6,930.60      32,337.14     39,267.74     0.00       0.00      0.00        4,433,540.40
 A-13     5,736,656.00     5,736,656.00    225,830.43      31,342.46    257,172.89     0.00       0.00      0.00        5,510,825.57
 A-14     1,062,344.00     1,062,344.00     41,820.46       6,901.92     48,722.38     0.00       0.00      0.00        1,020,523.54
 A-15    26,373,750.00    26,373,750.00          0.01     137,166.39    137,166.40     0.00       0.00      0.00       26,373,749.99
 A-16     8,791,250.00     8,791,250.00          0.00      54,043.29     54,043.29     0.00       0.00      0.00        8,791,250.00
 A-17    67,500,000.00    67,500,000.00          0.00     379,687.50    379,687.50     0.00       0.00      0.00       67,500,000.00
 A-P      1,786,904.00     1,786,904.00      1,884.64            N/A      1,884.64     0.00       0.00      0.00        1,785,019.36
 A-R            100.01           100.01        100.01           0.56        100.57     0.00       0.00      0.00                0.00
  M      14,513,400.00    14,513,400.00     11,305.51      81,637.88     92,943.39     0.00       0.00      0.00       14,502,094.49
 B-1      5,737,800.00     5,737,800.00      4,469.58      32,275.13     36,744.71     0.00       0.00      0.00        5,733,330.42
 B-2      3,037,700.00     3,037,700.00      2,366.28      17,087.06     19,453.34     0.00       0.00      0.00        3,035,333.72
 B-3      2,362,700.00     2,362,700.00      1,840.47      13,290.19     15,130.66     0.00       0.00      0.00        2,360,859.53
 B-4      1,350,000.00     1,350,000.00      1,051.61       7,593.75      8,645.36     0.00       0.00      0.00        1,348,948.39
 B-5      1,687,709.89     1,687,709.89      1,314.68       9,493.37     10,808.05     0.00       0.00      0.00        1,686,395.21
------------------------------------------------------------------------------------------------------------------------------------
TOTAL   675,042,313.90   675,042,313.90  3,081,072.46   3,760,384.40  6,841,456.86     0.00       0.00       0.00     671,961,241.44
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------
          ORIGINAL         BEGINNING                                                                    ENDING
          NOTIONAL          NOTIONAL                 INTEREST                  TOTAL                   NOTIONAL
CLASS     BALANCE           BALANCE                DISTRIBUTION             DISTRIBUTION               BALANCE
------------------------------------------------------------------------------------------------------------------------
<S>  <C>               <C>                         <C>                      <C>                   <C>         
 A-9    7,018,888.00      7,018,888.00                14,382.63                14,382.63             7,018,888.00
 A-X  586,060,663.88    586,060,663.88               168,141.26               168,141.26           583,086,862.62
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------

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

                   FACTOR INFORMATION PER $1,000                                                     PASS THRU RATES

                 PRINCIPAL                 INTEREST                END. CERT.                           PASS-THRU
CLASS          DISTRIBUTION             DISTRIBUTION               BALANCE              CLASS              RATE
--------------------------------------------------------------------------------      -------------------------------------
<S>      <C>                      <C>                    <C>                         <C>        <C>        
A-1            6.73636626               5.62500000             993.26363374              A-1          6.75000000%
A-2            6.58879707               5.62500000             993.41120293              A-2          6.75000000%
A-3            5.64077142               5.62500000             994.35922858              A-3          6.75000000%
A-4            5.08195960               5.62500000             994.91804040              A-4          6.75000000%
A-5            0.00000000               5.62500040            1000.00000000              A-5          6.75000000%
A-6            0.00000000               5.20833333            1000.00000000              A-6          6.25000000%
A-7            0.00000000               5.20833333            1000.00000000              A-7          6.25000000%
A-8            0.00000000               4.79809052            1000.00000000              A-8          5.95625000%
A-9                   N/A               2.04913228            1000.00000000              A-9          2.54375000%
A-10           8.51251636               5.62500000             991.48748364              A-10         6.75000000%
A-11           1.56078089               4.95920165             998.43921911              A-11         6.15625000%
A-12           1.56078038               7.28236712             998.43921962              A-12         9.04018056%
A-13          39.36621439               5.46354183             960.63378561              A-13         6.55625000%
A-14          39.36621283               6.49687860             960.63378717              A-14         7.79625231%
A-15           0.00000038               5.20086791             999.99999962              A-15         6.45625000%
A-16           0.00000000               6.14739542            1000.00000000              A-16         7.63125000%
A-17           0.00000000               5.62500000            1000.00000000              A-17         6.75000000%
A-P            1.05469572                      N/A             998.94530428              A-P                  N/A
A-R         1000.00000000               5.59944006               0.00000000              A-R          6.75000000%
A-X                   N/A               0.28690078             994.92577912              A-X          0.34428000%
M              0.77897047               5.62500034             999.22102953              M            6.75000000%
B-1            0.77897103               5.62500087             999.22102897              B-1          6.75000000%
B-2            0.77897093               5.62499918             999.22102907              B-2          6.75000000%
B-3            0.77896898               5.62500106             999.22103102              B-3          6.75000000%
B-4            0.77897037               5.62500000             999.22102963              B-4          6.75000000%
B-5            0.77897274               5.62500111             999.22102726              B-5          6.75000000%
---------------------------------------------------------------------------------------------------------------------

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



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


DISTRIBUTION DATE: 26-Oct-98                                                                                                PAGE # 2
RECORD DATE:       30-Sep-98




<S>                                                                                                            <C>
SECTION 6.02 (iii)      AGGREGATE PRINCIPAL PREPAYMENT AMOUNT                                                         2,555,079.00
                        AGGREGATE REPURCHASE PROCEEDS AMOUNT                                                                  0.00


SECTION 6.02 (iv)       AGGREGATE SERVICER ADVANCES                                                                           0.00


SECTION 6.02 (iv)       NUMBER OF OUTSTANDING MORTGAGE LOANS                                                                 1,982
                        ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL                                       671,961,241.44


SECTION 6.02 (vi)       SERVICING FEES                                                                                  172,866.92


SECTION 6.02 (vii)      NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:

                        ----------------------------------------------------------------------------
                                  CATEGORY          COUNT                    AGG. PRIN. BAL.
                        ----------------------------------------------------------------------------
                                   1 MONTH            0                          0.00
                                  2 MONTHS            0                          0.00
                                  3+ MONTHS           0                          0.00
                                 FORECLOSURE          0                          0.00
                        ----------------------------------------------------------------------------


SECTION 6.02 (viii)     MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE

                                                      --------------------------------------------------
                                                                  COUNT          AGG. PRIN. BAL.
                                                      --------------------------------------------------
                                                                    0               0.00
                                                      --------------------------------------------------


SECTION 6.02 (ix)       AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED                                         0.00
                        DUE PERIOD


                        --------------------------------------------------------------------------------
SECTION 6.02 (x)          CLASS                      PERCENTAGE                 PRINCIPAL BALANCE
                        --------------------                              ------------------------------
                        --------------------------------------------------------------------------------
                         CLASS A                       95.75%                            646,353,004.01
                         CLASS M                        2.15%                             14,513,400.00
                         CLASS B                        2.10%                             14,175,909.89
                        --------------------------------------------------------------------------------

                        NON-PO CLASS A PERCENTAGE                                                                         95.73872%
                        NON-PO CLASS A PREPAYMENT PERCENTAGE                                                             100.00000%

                        CREDIT SUPPORT LEVEL

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

                                                      ---------------------------------------------------
                                                           M                           2.10%
                                                          B-1                          1.25%
                                                          B-2                          0.80%
                                                          B-3                          0.45%
                                                          B-4                          0.25%
                                                      ---------------------------------------------------



SECTION 6.02 (xi)       CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES                                                           0.00
                        CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES                                                           0.00

------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
------------------------------------------------------------------------------------------------------------------------------------
                                                    CHASE MORTGAGE FINANCE CORPORATION
                                           MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-AS1
                                                     STATEMENT TO CERTIFICATEHOLDERS
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE:  26-Oct-98                                                                                               PAGE # 1
RECORD DATE:        30-Sep-98


------------------------------------------------------------------------------------------------------------------------------------
            ORIGINAL      BEGINNING                                                                        COMPENSATING    ENDING
           CERTIFICATE   CERTIFICATE       PRINCIPAL     INTEREST        TOTAL         REALIZED LOSS        INTEREST     CERTIFICATE
 CLASS      BALANCE        BALANCE       DISTRIBUTION   DISTRIBUTION   DISTRIBUTION   PRINCIPAL  INTEREST  SHORTFALLS      BALANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>    <C>             <C>             <C>             <C>            <C>           <C>          <C>      <C>       <C>    
 IA-1    40,980,752.00   39,499,374.03   1,996,701.65    222,183.98    2,218,885.63     0.00       0.00     0.00       37,502,672.38
 IA-2    14,725,947.00   14,725,947.00           0.00     82,833.45       82,833.45     0.00       0.00     0.00       14,725,947.00
 IA-3    16,250,000.00   16,250,000.00           0.00     91,406.25       91,406.25     0.00       0.00     0.00       16,250,000.00
 IA-4    12,240,000.00   12,240,000.00           0.00     68,850.00       68,850.00     0.00       0.00     0.00       12,240,000.00
 IA-5    16,100,000.00   16,100,000.00           0.00     90,562.50       90,562.50     0.00       0.00     0.00       16,100,000.00
 IA-6     9,034,036.00    9,034,036.00           0.00     50,816.45       50,816.45     0.00       0.00     0.00        9,034,036.00
 IA-7    10,000,000.00   10,000,000.00           0.00     56,250.00       56,250.00     0.00       0.00     0.00       10,000,000.00
 IA-8     5,599,985.00    5,599,985.00           0.00     31,499.92       31,499.92     0.00       0.00     0.00        5,599,985.00
 IA-9    25,993,201.00   25,426,753.27     763,444.69    143,025.49      906,470.18     0.00       0.00     0.00       24,663,308.58
  A-R           100.85            0.00           0.00          0.00            0.00     0.00       0.00     0.00                0.00
  A-P         3,123.00        3,111.11           5.96           N/A            5.96     0.00       0.00     0.00            3,105.15
 IIA-1   12,262,215.00   11,836,103.17      35,995.15     66,578.08      102,573.23     0.00       0.00     0.00       11,800,108.02
   M      5,512,562.00    5,502,700.37       5,025.57     30,952.69       35,978.26     0.00       0.00     0.00        5,497,674.80
  B-1     2,537,528.00    2,532,988.52       2,313.36     14,248.06       16,561.42     0.00       0.00     0.00        2,530,675.16
  B-2     1,662,518.00    1,659,543.86       1,515.65      9,334.93       10,850.58     0.00       0.00     0.00        1,658,028.21
  B-3       875,009.00      873,443.67         797.71      4,913.12        5,710.83     0.00       0.00     0.00          872,645.96
  B-4       437,504.00      436,721.33         398.85      2,456.56        2,855.41     0.00       0.00     0.00          436,322.48
  B-5       787,514.84      786,106.03         717.95      4,421.85        5,139.80     0.00       0.00     0.00          785,388.08
------------------------------------------------------------------------------------------------------------------------------------
 TOTAL  175,001,995.69  172,506,813.36   2,806,916.54    970,333.33    3,777,249.87     0.00       0.00     0.00      169,699,896.82
------------------------------------------------------------------------------------------------------------------------------------


--------------------------------------------------------------------------------------------------------------------
            ORIGINAL          BEGINNING                                                 ENDING
            NOTIONAL          NOTIONAL             INTEREST            TOTAL           NOTIONAL
 CLASS      BALANCE           BALANCE            DISTRIBUTION       DISTRIBUTION        BALANCE
-----------------------------------------------------------------------------------------------------------------
<S>     <C>                <C>                  <C>               <C>            <C>           
 IA-X     161,621,229.80     159,558,139.66        118,834.54        118,834.54     156,790,268.16
IIA-X      13,050,781.79      12,619,947.28          7,332.17          7,332.17      12,581,531.94
-----------------------------------------------------------------------------------------------------------------
TOTAL     174,672,011.59     172,178,086.94        126,166.71        126,166.71     169,371,800.10
------------------------------------------------------------------------------------------------------------------

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

            FACTOR INFORMATION PER $1,000                                                          PASS THRU RATES

             PRINCIPAL               INTEREST             END. CERT.                                     PASS-THRU
   CLASS    DISTRIBUTION           DISTRIBUTION            BALANCE                        CLASS             RATE
--------------------------------------------------------------------------           ----------------------------------
<S>       <C>                    <C>                 <C>                             <C>            <C>      
   IA-1       48.72291387             5.42166674         915.12894590                  IA-1              6.750000%
   IA-2        0.00000000             5.62499987        1000.00000000                  IA-2              6.750000%
   IA-3        0.00000000             5.62500000        1000.00000000                  IA-3              6.750000%
   IA-4        0.00000000             5.62500000        1000.00000000                  IA-4              6.750000%
   IA-5        0.00000000             5.62500000        1000.00000000                  IA-5              6.750000%
   IA-6        0.00000000             5.62499972        1000.00000000                  IA-6              6.750000%
   IA-7        0.00000000             5.62500000        1000.00000000                  IA-7              6.750000%
   IA-8        0.00000000             5.62500078        1000.00000000                  IA-8              6.750000%
   IA-9       29.37093781             5.50241927         948.83691239                  IA-9              6.750000%
   IA-X               N/A             0.73526566         970.10936220                  IA-X                    N/A
    A-P        1.90842139                    N/A         994.28434198                  A-P                     N/A
   IIA-1       2.93545253             5.42953129         962.31455899                 IIA-1              6.750000%
   IIA-X              N/A             0.56181845         964.04431110                 IIA-X                    N/A
    A-R        0.00000000             0.00000000           0.00000000                  A-R               6.750000%
     M         0.91165777             5.61493730         997.29940452                   M                6.750000%
    B-1        0.91165891             5.61493706         997.29940320                  B-1               6.750000%
    B-2        0.91165930             5.61493470         997.29940368                  B-2               6.750000%
    B-3        0.91165919             5.61493653         997.29941063                  B-3               6.750000%
    B-4        0.91164881             5.61494295         997.29940755                  B-4               6.750000%
    B-5        0.91166536             5.61494181         997.29940327                  B-5               6.750000%
--------------------------------------------------------------------------           ----------------------------------

 (C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
                                                          CHASE MORTGAGE FINANCE CORPORATION
                                                MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-AS1
                                                            STATEMENT TO CERTIFICATEHOLDERS
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE:  26-Oct-98                                                                                              PAGE # 2
RECORD DATE:        30-Sep-98




<S>                                                                                                          <C>
SECTION 6.02 (iii)  AGGREGATE PRINCIPAL PREPAYMENT AMOUNT                                                             2,649,367.24
                    AGGREGATE REPURCHASE PROCEEDS AMOUNT                                                                      0.00


SECTION 6.02 (iv)   AGGREGATE SERVICER ADVANCES                                                                          27,224.07


SECTION 6.02 (v)    NUMBER OF OUTSTANDING MORTGAGE LOANS                                                                  1,454
                    ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL                                           169,699,896.97


SECTION 6.02 (vi)   SERVICING FEES                                                                                       45,124.28


SECTION 6.02 (vii)  NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:

                    -------------------------------------------------------------------------------------
                           CATEGORY                COUNT                    AGG. PRIN. BAL.
                    -------------------------------------------------------------------------------------
                            1 MONTH                  8                                        758,540.48
                           2 MONTHS                  2                                        130,707.34
                           3+ MONTHS                 0                                              0.00
                          FORECLOSURE                0                                              0.00
                    -------------------------------------------------------------------------------------


SECTION 6.02 (viii) MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE

                                            -------------------------------------------------------------
                                                   COUNT                    AGG. PRIN. BAL.
                                            -------------------------------------------------------------
                                                     0                                              0.00
                                            -------------------------------------------------------------


SECTION 6.02 (ix)   AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED                                         6,687.11
                    DUE PERIOD


                    -------------------------------------------------------------------------------------
SECTION 6.02 (x)             CLASS              PERCENTAGE                 PRINCIPAL BALANCE
                    ------------------------------------------------------------------------------------- 
                            CLASS A               93.16%                                  160,715,309.58
                            CLASS M                3.19%                                    5,502,700.37
                            CLASS B                3.65%                                    6,288,803.41
                    -------------------------------------------------------------------------------------

                    NON-PO CLASS A PERCENTAGE                                                                             93.16449%
                    NON-PO CLASS A PREPAYMENT PERCENTAGE                                                                 100.00000%

                    CREDIT SUPPORT LEVEL

                                            -------------------------------------------------------------
                                                   CLASS                     CREDIT SUPPORT
                                            -------------------------------------------------------------
                                                     M                           3.65%
                                                    B-1                          2.18%
                                                    B-2                          1.22%
                                                    B-3                          0.71%
                                                    B-4                          0.46%
                                            -------------------------------------------------------------



SECTION 6.02 (xi)   CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES                                                               0.00
                    CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES                                                               0.00

















(C) COPYRIGHT 1996, THE CHASE MANHATTAN BANK
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>


------------------------------------------------------------------------------------------------------------------------------------
                                                    CHASE MORTGAGE FINANCE TRUST
                                      MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-AS2
                                                    STATEMENT TO CERTIFICATEHOLDERS
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------

 DISTRIBUTION DATE:  26-Oct-98                                                                                              PAGE # 1
 RECORD DATE:        30-Sep-98


------------------------------------------------------------------------------------------------------------------------------------
            ORIGINAL        BEGINNING                                                                    COMPENSATING      ENDING
          CERTIFICATE      CERTIFICATE      PRINCIPAL      INTEREST         TOTAL         REALIZED LOSS    INTEREST     CERTIFICATE
 CLASS      BALANCE          BALANCE       DISTRIBUTION  DISTRIBUTION    DISTRIBUTION  PRINCIPAL  INTEREST SHORTFALLS     BALANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>    <C>              <C>             <C>               <C>         <C>            <C>           <C>       <C>    <C>         
 IA-1    22,617,491.00    22,617,491.00     166,772.52     127,223.39     293,995.91    0.00         0.00     0.00     22,450,718.48
 IIA-1  158,553,358.00   158,553,358.00   1,093,857.20     924,894.59   2,018,751.79    0.00         0.00     0.00    157,459,500.80
 IIA-2    5,872,347.00     5,872,347.00      40,513.23            N/A      40,513.23    0.00         0.00     0.00      5,831,833.77
IIIA-1   55,404,303.00    55,404,303.00   2,895,628.44     311,649.20   3,207,277.64    0.00         0.00     0.00     52,508,674.56
IIIA-2    1,000,000.00     1,000,000.00           0.00       5,625.00       5,625.00    0.00         0.00     0.00      1,000,000.00
IIIA-3    6,250,000.00     6,250,000.00           0.00      35,156.25      35,156.25    0.00         0.00     0.00      6,250,000.00
  A-P        64,974.00        64,974.00         161.73            N/A         161.73    0.00         0.00     0.00         64,812.27
  A-R           100.00           100.00         100.00           0.56         100.56    0.00         0.00     0.00              0.00
   M      6,625,002.00     6,625,002.00       6,435.60      37,265.64      43,701.24    0.00         0.00     0.00      6,618,566.40
  B-1     3,577,501.00     3,577,501.00       3,475.22      20,123.44      23,598.66    0.00         0.00     0.00      3,574,025.78
  B-2     2,120,001.00     2,120,001.00       2,059.39      11,925.01      13,984.40    0.00         0.00     0.00      2,117,941.61
  B-3     1,060,000.00     1,060,000.00       1,029.69       5,962.50       6,992.19    0.00         0.00     0.00      1,058,970.31
  B-4       662,500.00       662,500.00         643.56       3,726.56       4,370.12    0.00         0.00     0.00        661,856.44
  B-5     1,192,501.21     1,192,501.21       1,158.41       6,707.82       7,866.23    0.00         0.00     0.00      1,191,342.80
------------------------------------------------------------------------------------------------------------------------------------
 TOTAL  265,000,078.21   265,000,078.21   4,211,834.99   1,490,259.96   5,702,094.95    0.00         0.00     0.00    260,788,243.22
------------------------------------------------------------------------------------------------------------------------------------


--------------------------------------------------------------------------------------------------------------------------
                   ORIGINAL              BEGINNING                                                       ENDING
                   NOTIONAL               NOTIONAL              INTEREST               TOTAL            NOTIONAL
   CLASS           BALANCE                BALANCE             DISTRIBUTION         DISTRIBUTION          BALANCE
--------------------------------------------------------------------------------------------------------------------------
<S>         <C>                    <C>                      <C>                   <C>              <C>           
    A-X       258,987,588.61         258,987,588.61           154,366.72            154,366.72       254,789,791.86
--------------------------------------------------------------------------------------------------------------------------
   TOTAL      258,987,588.61         258,987,588.61           154,366.72            154,366.72       254,789,791.86
--------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
            FACTOR INFORMATION PER $1,000                                                                          PASS THRU RATES

             PRINCIPAL         INTEREST             END. CERT.                                        PASS-THRU
   CLASS     DISTRIBUTION     DISTRIBUTION            BALANCE                          CLASS             RATE
-------------------------------------------------------------------                   ---------------------------------
<S>       <C>             <C>               <C>                                       <C>        <C>      
   IA-1        7.37360833       5.62500014         992.62639167                          IA-1         6.750000%
   IIA-1       6.89898476       5.83333334         993.10101524                         IIA-1         7.000000%
   IIA-2       6.89898434              N/A         993.10101566                         IIA-2               N/A
  IIIA-1      52.26360198       5.62499992         947.73639802                         IIIA-1        6.750000%
  IIIA-2       0.00000000       5.62500000        1000.00000000                         IIIA-2        6.750000%
  IIIA-3       0.00000000       5.62500000        1000.00000000                         IIIA-3        6.750000%
    A-X               N/A       0.59603906         983.79151382                          A-X          0.715247%
    A-P        2.48914951              N/A         997.51085049                          A-P                N/A
    A-R     1000.00000000       5.60000000           0.00000000                          A-R          6.750000%
     M         0.97141103       5.62500057         999.02858897                           M           6.750000%
    B-1        0.97140993       5.62499913         999.02859007                          B-1          6.750000%
    B-2        0.97140992       5.62500206         999.02859008                          B-2          6.750000%
    B-3        0.97140566       5.62500000         999.02859434                          B-3          6.750000%
    B-4        0.97141132       5.62499623         999.02858868                          B-4          6.750000%
    B-5        0.97141201       5.62500058         999.02858799                          B-5          6.750000%
--------------------------------------------------------------------                    ---------------------------------




------------------------------------------------------------------------------------------------------------------------------------
                                                                                   CHASE MORTGAGE FINANCE TRUST
                                                                  MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-AS2
                                                                                  STATEMENT TO CERTIFICATEHOLDERS
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE:  26-Oct-98                                                                                              PAGE # 2
RECORD DATE:        30-Sep-98




<S>                                                                                                         <C>          
SECTION 6.02 (iii)  AGGREGATE PRINCIPAL PREPAYMENT AMOUNT                                                             3,954,337.77
                    AGGREGATE REPURCHASE PROCEEDS AMOUNT                                                                      0.00


SECTION 6.02 (iv)   AGGREGATE SERVICER ADVANCES                                                                               0.00


SECTION 6.02 (v)    NUMBER OF OUTSTANDING MORTGAGE LOANS                                                                  2,069
                    ENDING PRINCIPAL BALANCE OF OUTSTANDING MORTGAGE POOL                                           260,788,243.22


SECTION 6.02 (vi)   SERVICING FEES                                                                                       68,546.79


SECTION 6.02 (vii)  NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:

                    -------------------------------------------------------------------------------------
                           CATEGORY                COUNT                    AGG. PRIN. BAL.
                    -------------------------------------------------------------------------------------
                            1 MONTH                  0                                              0.00
                           2 MONTHS                  0                                              0.00
                           3+ MONTHS                 0                                              0.00
                          FORECLOSURE                0                                              0.00
                    -------------------------------------------------------------------------------------


SECTION 6.02 (viii) MORTGAGE LOANS ACQUIRED THROUGH FORECLOSURE

                                            -------------------------------------------------------------
                                                   COUNT                    AGG. PRIN. BAL.
                                            -------------------------------------------------------------
                                                     0                                              0.00
                                            -------------------------------------------------------------


SECTION 6.02 (ix)   AGGREGATE AMOUNT OF ALL ADVANCES RECOVERED DURING THE RELATED                                             0.00
                    DUE PERIOD


                    -------------------------------------------------------------------------------------
SECTION 6.02 (x)             CLASS              PERCENTAGE                 PRINCIPAL BALANCE
                    ------------------------                    -----------------------------------------
                    -------------------------------------------------------------------------------------
                            CLASS A               94.25%                                  249,762,573.00
                            CLASS M                2.50%                                    6,625,002.00
                            CLASS B                3.25%                                    8,612,503.21
                    -------------------------------------------------------------------------------------

                    NON-PO CLASS A PERCENTAGE                                                                              94.24859%
                    NON-PO CLASS A PREPAYMENT PERCENTAGE                                                                  100.00000%

                    CREDIT SUPPORT LEVEL

                                            -------------------------------------------------------------
                                                   CLASS                     CREDIT SUPPORT
                                            -------------------------------------------------------------
                                                                -----------------------------------------
                                                     M                           3.25%
                                                    B-1                          1.90%
                                                    B-2                          1.10%
                                                    B-3                          0.70%
                                                    B-4                          0.45%
                                            -------------------------------------------------------------



SECTION 6.02 (xi)   CURRENT AGGREGATE AMOUNT OF REALIZED LOSSES                                                               0.00
                    CUMULATIVE AGGREGATE AMOUNT REALIZED LOSSES                                                               0.00



















  (C) COPYRIGHT 1998, THE CHASE MANHATTAN BANK
------------------------------------------------------------------------------------------------------------------------------------

</TABLE>