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CHASE MORTGAGE SERIES 1992C CLASS A RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 CHASE MORTGAGE SERIES 1992C CLASS A RATED 'AAA' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, March 19 /PRNewswire/ -- Chase Mortgage Finance Corp.'s $378 million multi-class mortgage pass-through certificates, series 1992C, 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 5.0 percent subordinate class B certificates.
 The mortgage pool consists of recent origination, fixed-rate mortgage loans secured primarily by one- to-four family residences. Approximately 56 percent of the pool consists of mortgage loans with original terms of 30 years, 30 percent with original terms of 10, 15, or 20 years, and approximately 14 percent consists of 10 to 15-year balloon loans. The pool's weighted average original loan-to-value ratio is a very low 64 percent. The mortgaged properties are located primarily in California (44 percent) and New York (14 percent). Cash out refinancings account for 25.6 percent of the mortgage loans.
 Several Chase entities originated the mortgage loans, although approximately 92 percent of the pool was originated by either Chase Manhattan Financial Services, Inc. or Chase Home Mortgage Corp. All loans were sold to Chase Mortgage Finance Corp., which sold the loans to the trust. A real estate mortgage investment conduit election will be made for federal income tax purposes.
 -0- 3/19/92
 /CONTACT: Mary Sue Lundy, 212-908-0526, or Michele J. Loesch, 212-908-0500, both of Fitch/ CO: Chase Mortgage Finance Corp. ST: New York IN: FIN SU: RTG


KD -- NY089 -- 9828 03/19/92 16:13 EST
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Publication:PR Newswire
Date:Mar 19, 1992
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