SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT

                         Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

                          Date of Report: September 23, 1998


                   CHASE MORTGAGE FINANCE CORPORATION
           --------------------------------------------------
                       (Exact Name of Registrant)


      DELAWARE                     33-92950                52-1495132    
   --------------                -------------          ------------------
   (State or other               (Commission             (IRS Employer
   jurisdiction of                File Number)           Identification No.)
   incorporation)


                     343 Thornall Street, Edison NJ 08837       32256
                   ----------------------------------------------------
                   Address of principal executive offices)    (Zip Code)
                                                                             
  Registrant's telephone number, including area code: (732) 205-0600


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Item 5.  Other Events.

      On or about 8/25/98, Chase Mortgage Finance Corporation Corp. 
(the "Depositor") made the distributions to holders of its Mortgage
Pass-Through Certificates, Series 1998-S1, Series 1998-S2, Series 1998-S3,
Series 1998-S4 and Series 1998-AS1 contemplated by the Pooling and
Servicing Agreement dated as of June 1, 1998 (the "Pooling and Servicing
Agreement") among the Depositor, The Chase Mortgage Finance Corporation,
as Servicer and Citibank, N.A. as Trustee.

     Copies of the Certificateholders' Reports with respect to such
distributions delivered pursuant to Section 4.02 of the Pooling and Servicing
Agreement are being filed as exhibits to this Current Report on Form 8-K.


Item 7(c). Exhibits

           Exhibits            Description
           --------            -----------

            20.1               Monthly Reports with respect to the
                               August 25, 1998 distribution

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                                   SIGNATURES


      Pursuant to the requirements of the Securities Exchange Act of 1934,  
the  registrant  has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


Dated:  September 23, 1998


                                            THE CHASE MANHATTAN BANK,
                                            as Paying Agent, on behalf of
                                            Chase Mortgage Finance Corp.        

                                           By:   /s/ Thomas Mackay
                                                -------------------
                                           Name:   Thomas Mackay
                                           Title:  Vice President
 

<PAGE>

                                 INDEX TO EXHIBITS
                                 -----------------



           Exhibit No.             Description
           -----------             ----------- 

             20.1                  Monthly Reports with respect to the
                                   distribution to Certificateholders on
                                   August 25, 1998.