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CHASE MORTGAGE FINANCE CORP. SERIES 1993B CLASS A RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Jan. 28 /PRNewswire/ -- Chase Mortgage Finance Corp.'s multi-class mortgage pass-through certificates, series 1993B $193.8 million class A are rated 'AAA' by Fitch. The $3.1 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 5.5 percent cross-collateralized credit support for the class A certificates is provided by subordinate class M and unrated class B certificates while the 4.0 percent credit support for the class M certificates is provided by the subordinate class B certificates.
 The certificates are collateralized by a pool of recently originated fixed rate, first lien, residential mortgage loans. Approximately 85 percent and 6 percent of the pool consists of loans with original maturities of 30 and 20 years, respectively, while the remaining 9 percent consists of balloon payment mortgage loans. The weighted average original loan-to-value ratio (LTV) of the mortgage pool is a low 67 percent, 95 percent are owner-occupied residences, and .65 percent were underwritten using a limited documentation program. These factors overall contribute to the credit enhancement level of 5.5 percent. The mortgaged properties are located primarily in California (31 percent) and New York (13 percent), 21 percent are cash-out refinance loans, and 8 percent are condominiums, planned unit developments, and shares issued by co-operative housing corporations.
 The mortgage loans were originated primarily by Chase Manhattan Personal Financial Services (66 percent) and Chase Home Mortgage Corp. (22 percent). Chase Mortgage Finance Corp. purchased the loans which were then subsequently assigned to the trust for the benefit of the ceritficateholders. A real estate mortgage investment conduit election will be made with respect to the trust fund for federal income tax purposes.
 -0- 01/28/93
 /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 -- NY086 -- 0411 01/28/93 15:48 EST
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Date:Jan 28, 1993
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