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                                                                    Exhibit 99.1

[PriceWaterhouseCoopers Letterhead]

                                                 PriceWaterhouseCoopers LLP
                                                 1441 Main Street, Suite 705
                                                 Columbia SC 29201
                                                 Telephone (803) 779 0930


                        Report of Independent Accountants

To the Board of Directors and Stockholder
of Chase Manhattan Mortgage Corporation:


We have examined management's assertion about Chase Manhattan Mortgage
Corporation's (the "Company") compliance with the minimum servicing standards
("standards") identified in the Mortgage Bankers Association of America's
Uniform Single Attestation Program for Mortgage Bankers ("USAP") as of and for
the year ended December 31, 2000 included in the accompanying management
assertion (see Exhibit I). The Company performs loan subservicing functions for
the residential loan servicing portfolio of Chase Mortgage Company.

Management is responsible for the Company's compliance with those minimum
servicing standards. Our responsibility is to express an opinion on management's
assertion about the entity's compliance based on our examination.

Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Company's compliance with the
standards and performing such other procedures as we considered necessary in the
circumstances. We believe that our examination provides a reasonable basis for
our opinion. Our examination does not provide a legal determination on the
Company's compliance with the standards.

In our opinion, management's assertion that the Company complied with the
aforementioned standards as of and for the year ended December 31, 2000 is
fairly stated, in all material respects.

/s/ PriceWaterhouseCoopers LLP
March 2, 2001



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                                    Exhibit 1

                  Management's Assertion Concerning Compliance
                      with USAP Minimum Servicing Standards

March 2, 2001


As of and for the year ended December 31, 2000, Chase Manhattan Mortgage
Corporation ("CMMC") and Chase Mortgage Company ("CMC") and their subsidiaries
(collectively, the "Group") have complied in all material respects with the
minimum servicing standards (the "Standards") set forth in the Mortgage Bankers
Association of America's Uniform Single Attestation Program for Mortgage Bankers
("USAP").

As of and for this same period, the Group had in effect fidelity bond and errors
and omissions policy in the amounts of $250,000,000 and $25,000,000
respectively.

<TABLE>
<S>                                                         <C>
/s/ Thomas Jacob                                            /s/ Terry L. Gentry
------------------------------------------------------      ---------------------------------------------------------
Thomas Jacob                                                Terry L. Gentry
Chief Executive Officer                                     Senior Vice President of Servicing


/s/ Glenn Mouridy                                           /s/ Lucy Gambino
------------------------------------------------------      ---------------------------------------------------------
Glenn Mouridy                                               Lucy Gambino
Executive Vice President of Servicing                       Vice President of Risk Management
</TABLE>