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CHASE MORTGAGE FINANCE CORPORATION $398,331,000 MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1993G RATED BY DUFF & PHELPS

 NEW YORK, May 26 /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 20 classes of certificates range from `AAA' to `AA', as follows:
 Class Amount Rate D&P Rating
 A-1 $36,750,000 7.00 percent AAA (Triple A)
 A-2 $15,743,000 4.60 percent AAA (Triple A)
 A-3 $17,460,000 5.00 percent AAA (Triple A)
 A-4 $25,360,000 5.40 percent AAA (Triple A)
 A-5 $13,199,000 5.85 percent AAA (Triple A)
 A-6 $18,308,000 6.30 percent AAA (Triple A)
 A-7 $26,451,000 6.75 percent AAA (Triple A)
 A-8 $49,291,200 Adjustable AAA (Triple A)
 A-9 $0 Adjustable AAA (Triple A)
 A-10 $25,800,000 7.00 percent AAA (Triple A)
 A-11 $10,500,000 7.00 percent AAA (Triple A)
 A-12 $7,456,000 7.00 percent AAA (Triple A)
 A-13 $12,755,550 7.00 percent AAA (Triple A)
 A-14 $29,400,000 7.00 percent AAA (Triple A)
 A-15 $36,750,000 7.00 percent AAA (Triple A)
 A-16 $23,000,000 7.00 percent AAA (Triple A)
 A-17 $24,780,184 Adjustable AAA (Triple A)
 A-18 $8,850,066 Adjustable AAA (Triple A)
 A-Z $9,309,000 7.00 percent AAA (Triple A)
 M $7,168,000 7.00 percent AA (Double A)
 The rating on Class M reflects the 2.75 percent 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 4.5 percent.
 Classes A-1 through A-7, A-10 through A-16 and Class M pay interest at a fixed rate. Class A-8 will pay interest at a per annum rate of 4.5 percent through May 24, 1995, and then will pay interest at LIBOR plus 0.55 percent, subject to a maximum rate of 10.0 percent and a minimum of 0.55 percent per annum. Class A-9 is an interest only strip which pays interest on the Class A-9 notional amount (initially $12,322,800) at a per annum rate of 22 percent through May 24, 1995, and then will pay interest at a per annum rate equal to 37.8 percent minus the product of 4.00 and LIBOR subject to a maximum rate of 37.8 percent and a minimum rate of 0.00 percent. Class A-17 pays interest at a per annum rate of 4.8875 percent through June 24, 1993, and then will pay interest at LIBOR plus 1.7 percent, subject to a maximum of 9.5 percent and a minimum of 1.7 percent. Class A-18 pays interest at 12.915 percent per annum through June 24, 1993, and then pays interest at
 21.84 percent minus the product of 2.8 and LIBOR, subject to a maximum of 21.84 percent and a minimum of 0.00 percent. The Class A-Z Certificates are compound interest certificates. Until the Class A percentage equals 100 percent, interest at a per annum rate of 7 percent on the Class A-Z principal balance will accrue but will not be paid, and the amount so accrued will be added onto the principal balance of the Class A-Z Certificates. 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 A-9 certificates does not address whether investors will recoup their initial investment.
 The certificates were issued pursuant to a Pooling and Servicing Agreement dated May 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 39 percent in California, 14 percent in New York, 6 percent in Texas, 6 percent in New Jersey and 4 percent in Pennsylvania.
 -0- 5/26/93
 /CONTACTS: Jennifer E. Schneider, 212-908-0207, or Andrew B. Jones, 212-908-0205, both of Duff & Phelps Credit Rating Co./
 (CMB)


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

SM -- NY074 -- 2630 05/26/93 16:57 EDT
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