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CHASE MORTGAGE FINANCIAL CORP. SERIES 1993D CLASS A 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Feb. 26 /PRNewswire/ -- Chase Mortgage Finance Corp.'s multi-class mortgage pass-through certificates, series 1993D $274 million class A is rated 'AAA' by Fitch. The $4.3 million class M is rated 'AA'. The ratings are based on the quality of the mortgage collateral, the credit support, the integrity of the legal and financial structures and the excellent master servicing capabilities of Chase Home Mortgage Corp. The 5.0 percent cross-collateralized credit support for the class A certificates is provided by subordinate class M and B certificates, while the 3.5 percent credit support for the class M certificates is provided by the subordinate class B certificates (not offered, privately placed).
 The mortgage pool consists of two loan groups of recently originated, fixed-rate one- to four-family residential mortgage loans. Fitch analyzed the characteristics of each loan group separately and then combined the groups to determine the credit enhancement coverage necessary for the 'AAA' level. Mortgage Group One, which constitutes approximately 47 percent of the mortgage pool, consists of 10 year (5 percent) and 15 year (80 percent) mortgage loans as well as 7, 10 and 15-year balloon payment mortgage loans (15 percent). Mortgage Group Two, which constitutes 53 percent of the mortgage pool, consists primarily of loans with original terms of 20, 25 or 30 years.
 Mortgage Group One supports the class IA and IM certificates while Mortgage Group Two supports the class IIA and IIM certificates. Distributions to the class IA and IM certificates will be based on payments received on the Mortgage Group One loans and distributions to the IIA and IIM will be based on payments received on the Mortgage Group Two loans.
 Approximately 32 percent of the combined pool is secured by properties located in California, while most of the remaining properties are located in the Northeast. Approximately 25 percent, 9 percent and 12 percent of the combined pools consist of cash-out refinance loans, non-owner occupied properties and properties which are condominiums, planned unit developments (PUDs) or shares issued by co-operative housing corporations, respectively. The credit enhancement level reflects the credit quality of the 15-year mortgage loans as well as the very low weighted average original loan-to-value ratio of 65 percent.
 The mortgage loans were originated primarily by Chase Manhattan Personal Financial Services (53 percent) and Chase Home Mortgage Corp. (32 percent). Chase Mortgage Finance Corp. purchased the loans from the sellers and subsequently assigned the loans to the trust. Two real estate mortgage investment conduit elections will be made for federal income tax purposes.
 -0- 02/26/93
 /CONTACT: Michele J. Loesch, 212-908-0686, or Mary Sue Lundy, 212-908-0526, both of Fitch/


CO: Chase Mortgage Finance Corp. ST: New York IN: FIN SU: RTG

AH -- NY045 -- 0928 02/26/93 14:42 EST
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Date:Feb 26, 1993
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