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DUFF & PHELPS: CHASE MORTGAGE FINANCE CORPORATION, $195,046,841 MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1993M RATED

 NEW YORK, Nov. 29 /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 ten classes of certificates range from 'AAA' to 'AA+,' as follows:
 Class Amount Rate D&P Rating
 (Percent)
 A-1 $30,000,000 6.25 AAA (Triple A)
 A-2 $36,877,564 6.25 AAA (Triple A)
 A-3 $ 2,632,276 10.00 AAA (Triple A)
 A-4 $39,484,160 6.00 AAA (Triple A)
 A-5 $10,207,000 6.25 AAA (Triple A)
 A-6 $48,385,788 6.25 AAA (Triple A)
 A-7 $21,006,414 6.25 AAA (Triple A)
 A-Z $ 3,644,156 6.25 AAA (Triple A)
 A-P $ 1,312,960 PO AAA (Triple A)
 M $ 1,496,523 6.25 AA+ (Double A Plus)
 The rating on the Class M certificates reflects the 2.25 percent subordination provided by Class B, which is not publicly offered, and the ratings on the other classes reflect the subordination of Class M and Class B which total 3.00 percent. The mortgage pool consists primarily of mortgage loans with original terms of between 10 and 15 years as well as balloon loans. All classes pay interest at a fixed rate except for classes A-P and A-Z. The Class A-P Certificates are principal only certificates and are not entitled to payments of interest. Class A-Z is an accrual class, and until the Class A percentage equals 100 percent, interest on its principal balance will accrue, but will not be paid, and the amount so accrued will be added to its principal balance. D&P's ratings do not address the effect on the certificates' yield attributable to prepayments or recoveries on the underlying mortgage loans.
 The certificates were issued pursuant to a Pooling and Servicing Agreement dated as of Nov. 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 22 different states, with 34 percent in California, 12 percent in New York, 10 percent in Texas, 6 percent in Pennsylvania, and 5 percent in New Jersey.
 -0- 11/29/93
 /CONTACT: Jennifer E. Schneider, 212-908-0207, or Andrew B. Jones, 212-908-0205, both for Duff & Phelps Credit Rating Co./
 (CMB)


CO: Chase Mortgage Finance Corporation ST: New York, California, Pennsylvania, New Jersey IN: FIN SU: RTG

LD -- NY100 -- 8505 11/29/93 19:51 EST
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Date:Nov 29, 1993
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