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CHASE MTGE. FIN. CORP. SERIES 1993F CLASS A 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, April 30 /PRNewswire/ -- Chase Mortgage Finance Corp.'s multi-class mortgage pass-through certificates, series 1993F $175.4 million class A are rated `AAA' by Fitch. The $2.8 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 5.0 percent cross-collateralized credit support for the class A certificates is provided by subordinate class M and B certificates, while the 3.5 percent credit support for the class M certificates is provided by the subordinate class B certificates, which are not offered.
 The class A certificates are collateralized by two separate groups of recently originated, fixed-rate one- to four-family residential mortgage loans. Fitch analyzed the characteristics of each loan group separately and then combined them to determine the credit loss coverage necessary for the `AAA' level. Mortgage Group One, which constitutes approximately 35 percent of the mortgage pool, consists of 10 (5 percent) and 15 year (84 percent) mortgage loans as well as 10 and 15- year balloon payment mortgage loans (11 percent). Mortgage Group Two, which constitutes 65 percent of the mortgage pool, consists of loans with original terms of 20 and 30 years.
 Approximately 41 percent of the combined pool is secured by properties located in California, while the remaining properties are located primarily in the Northeast. Approximately 19 percent, 4 percent and 14 percent of the combined pool consists of cash-out refinance loans, non-owner occupied properties and properties which are condominiums, planned unit developments (PUDs) or shares issued by co- operative housing corporations, respectively. The credit enhancement level reflects the credit quality of the 15-year mortgage loans as well as the very low overall weighted average original loan-to-value ratio of 66 percent.
 The mortgage loans were originated primarily by Chase Manhattan Personal Financial Services (44 percent) and Chase Home Mortgage Corp. (45 percent). Chase Mortgage Finance Corp. purchased the loans from the sellers and subsequently assigned the loans to the trust. Two real estate mortgage investment conduit elections will be made for federal income tax purposes.
 -0- 4/30/93
 /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

16:46 -- NY092 -- 3424 04/30/93 16:59 EDT
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Date:Apr 30, 1993
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