Printer Friendly

DUFF & PHELPS: CHASE MORTGAGE FINANCE CORPORATION $178,207,427 MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1993F

 NEW YORK, April 29 /PRNewswire/ Duff & Phelps Credit Rating Co. has rated the publicly offered senior and mezzanine mortgage pass-through certificates issued by Chase Mortgage Finance Corporation. The ratings on the fifteen classes of certificates range from 'AAA' to 'AA+', as follows:
 Class Amount D&P Rating Class Amount D&P Rating
 IA-1 $10,289,000.00 AAA (Triple A) IA-9 $8,568,000.00 AAA
 (Triple A)
 IA-2 $17,285,000.00 AAA (Triple A) IIA-1 $31,487,000.00 AAA
 (Triple A)
 IA-3 $9,592,000.00 AAA (Triple A) IIA-2 $25,900,000.00 AAA
 (Triple A)
 IA-4 $4,654,000.00 AAA (Triple A) IIA-3 $28,300,000.00 AAA
 (Triple A)
 IA-5 $3,143,000.00 AAA (Triple A) IIA-4 $25,200,000.00 AAA
 (Triple A)
 IA-6 $2,385,000.00 AAA (Triple A) IIA-5 $2,600,000.00 AAA
 (Triple A)
 IA-7 $5,992,000.00 AAA (Triple A) M $2,772,000.00 AA+
 (Double A Plus)
 IA-8 $40,427.00 AAA (Triple A)
 The rating on Class M reflects the 3.5 percent level of subordination provided by Class B, which is not publicly offered, and the ratings on the other classes reflect the subordination of both Class M and Class B which total 5 percent. The level of subordination behind each class reflects the results of D&P's updated analytical model, which assesses credit enhancement requirements at each rating level. All classes pay interest at a fixed rate. The rate on the Class IA-8 is 1007.00 percent. The rates on the other classes range from 5.75 percent to 7.00 percent. D&P's ratings do not address the effect on the certificates' yield attributable to prepayments or recoveries on the underlying mortgage loans. Further, the rating on the Class IA-8 certificates do not address whether investors will recoup their initial investment.
 The certificates were issued pursuant to a Pooling and Servicing Agreement dated as of April 1, 1993, among Chase Mortgage Finance Corporation, as Seller, Chase Home Mortgage Corporation, as Master Servicer, and Citibank, N.A., as Trustee. The certificates represent ownership interests in a pool of fixed-rate first-lien residential mortgage loans originated by or for Chase Manhattan Personal Financial Services, Inc., Chase Home Mortgage Corporation, The Chase Manhattan Bank, N.A., Chase Manhattan Financial Center, Inc. and Chase Bank of Maryland. The mortgage loans are located in 21 different states, with 41 percent in California, 13 percent in New York, 7 percent in Texas and 4 percent in Maryland.
 -0- 04/29/93
 /CONTACT: Jennifer E. Schneider, 212-908-0207, or Andrew B. Jones, 212-908-0205, both of Duff & Phelps/


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

AH -- NY128 -- 2940 04/29/93 17:55 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 29, 1993
Words:461
Previous Article:HYDRO-QUEBEC CLARIFICATION CONCERNING TRANSMISSION OF ELECTRICITY FROM THE PLANNED GREAT WHALE COMPLEX
Next Article:BEAR STEARNS MORTGAGE SECURITIES, INC. $ 294,689,866 MORTGAGE PASS- THROUGH CERTIFICATES, SERIES 1993-4 RATED BY DUFF & PHELPS
Topics:


Related Articles
CHASE MORTGAGE FINANCE CORP. SERIES 1993E CLASS A 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --
DUFF & PHELPS RATES DLJ MORTGAGE ACCEPTANCE CORPORATION $142,317,716.08 MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1993-Q6
CHASE MORTGAGE FINANCE CORPORATION $398,331,000 MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1993G RATED BY DUFF & PHELPS
DUFF & PHELPS: DLJ MORTGAGE ACCEPTANCE CORP. $126,502,360 MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1993-Q9
DUFF & PHELPS RATES CHASE MORTGAGE FINANCE CORPORATION, $378,735,175 MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1993J
DUFF & PHELPS RATES PAINEWEBBER MORTGAGE ACCEPTANCE CORPORATION IV $350,439,305 MORTGAGE PASS-THROUGH CERTIFICATES
DUFF & PHELPS RATES DLJ MORTGAGE ACCEPTANCE CORP. $100,983,788 MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1994-Q7 ADJUSTABLE-RATE MORTGAGES
DCR Rates Chase Mortgage Finance Corporation $225,052,299 Mortgage Pass-Through Certificates Series 1998-S3 15-Year, Fixed-Rate Mortgages
New Century Closes its Ninth Securitization
DCR Rates Chase Mortgage Finance Corporation $675,042,314 Mortgage Pass- Through Certificates Series 1998-S6 30-Year, Fixed-Rate Mortgages.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters