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CHASE MORTGAGE FINANCE PASS-THROUGH SERIES 1992G CLASS A RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

CHASE MORTGAGE FINANCE PASS-THROUGH SERIES 1992G CLASS A RATED 'AAA' BY
 FITCH -- FITCH FINANCIAL WIRE --
 NEW YORK, July 23 /PRNewswire/ -- Chase Mortgage Finance Corp.'s $340 million multi-class mortgage pass-through certificates, series 1992G, class A are rated 'AAA' by Fitch. The rating reflects the high quality of the mortgage collateral, the excellent master servicing capabilities of Chase Home Mortgage Corp., and loss protection provided by the 5.75 percent subordinate class B certificates.
 The mortgage pool consists of primarily 15-year fixed-rate (35 percent) and 15-year balloon payment (38 percent) mortgage loans secured by one-to-four family residences. Approximately 23 percent of the pool consists of cash-out refinance loans and the mortgaged properties are located primarily in California (36 percent) and Florida (25 percent). The low weighted average original loan-to-value ratio of approximately 67 percent, combined with approximately 96.4 percent of the loans being secured by owner-occupied properties, suggests that the pool will experience a limited number of defaults. In addition, the loans are seasoned on average three years.
 The mortgage loans were originated predominately by Chase Home Mortgage Corp. (98.3) with the remainder being originated by Chase Manhattan Bank, N.A. All loans were sold the loans to Chase Mortgage Finance Corp., which assigned the loans to the trust. A real estate mortgage investment conduit election will be made with respect to the trust fund for federal income tax purposes.
 -0- 7/23/92
 /CONTACT: Michele J. Loesch, 212-908-0686, or Mary Sue Lundy, 212-908-0526, of Fitch
 (CMB) CO: Chase Mortgage Finance Corp. ST: New York IN: FIN SU: RTG


LD -- NY115 -- 2787 07/23/92 17:23 EDT
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Publication:PR Newswire
Date:Jul 23, 1992
Words:269
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