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CHASE MORTGAGE FINANCE PASS-THRU SERIES 1992E CLASS A 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 CHASE MORTGAGE FINANCE PASS-THRU SERIES 1992E CLASS A 'AAA' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, May 28 /PRNewswire/ -- Chase Mortgage Finance Corp.'s $362 million multi-class mortgage pass-through certificates, series 1992E, 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 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 50 percent of the pool consists of mortgage loans with original terms of 30 years, 42 percent with original terms between 10 and 20 years, and approximately 8 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 (36 percent) and New York (19 percent). Cash out refinancings account for 25.5 percent of the mortgage loans.
 Several Chase entities originated the mortgage loans, although approximately 87 percent of the pool was originated by either Chase Manhattan Personal 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- 5/28/92
 /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


PS -- NY078 -- 4858 05/28/92 15:13 EDT
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Publication:PR Newswire
Date:May 28, 1992
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