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CHASE MTGE. FIN. CORP. SERIES 1993A CLASS A RATED 'AA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Jan. 22 /PRNewswire/ -- Chase Mortgage Finance Corp.'s variable rate mortgage pass-through certificates, series 1993A $119.1 million class A are rated AA' by Fitch. The rating reflects the high quality of the mortgage collateral, the credit support provided by the 2.75 percent unrated subordinated class B certificates, the integrity of the legal and financial structures, and the excellent master servicing capabilities of Chase Home Mortgage Corp.
 The collateral for the certificates will be provided by a pool of recently originated fixed-rate, first lien, one- to four-family residential mortgage loans which have maturities of 15 years (87 percent) and 10 years (13 percent). The weighted average original loan- to-value (LTV) ratio is a very low 63 percent and only one loan, which comprised .24 percent of the pool, had an LTV greater than 80 percent. The low credit enhancement reflects the credit quality of the 15 year mortgage loans, the small percentage of limited documentation loans (.9 percent), and 93 percent of the pool being secured by owner-occupied properties. Approximately 71 percent of the pool consists of loans with balances greater than $300,000. Fitch increased its market value decline assumptions for these properties, which generally are susceptible to larger market value declines during weak economic conditions. However, the weighted average LTV of these properties (65 percent) should mitigate the potential for losses which may occur due to property value declines. Approximately 27 percent and 16 percent, respectively, of the pool is located in California and New York and 21 percent are cash-out refinances.
 Distributions of principal and interest will be payable to the class A certificates on the 25th of each month beginning Feb. 25, 1993. Interest payments will be equal to the weighted average of the mortgage rates on the mortgage loans less the servicing fee. The initial interest rate is equal to 7.679 percent.
 Approximately 67 percent, 24 percent and 8 percent of the mortgage loans were originated primarily by Chase Manhattan Personal Financial Services, Chase Home Mortgage and The Chase Manhattan Bank, N.A. (NYSE: CMB). The mortgage loans were purchased by Chase Mortgage Finance Corp. and subsequently assigned to the trust for the benefit of the certificate holders. A real estate mortgage investment conduit election will be made with respect to the trust fund for federal income tax purposes.
 -0- 1/22/93
 /CONTACT: Michele J. Loesch, 212-908-0686, or Mary Sue Lundy, 212-908-0526, both of Fitch/
 (CMB)


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

TM -- NY065 -- 8035 01/22/93 16:02 EST
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Date:Jan 22, 1993
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