Chase Mortgage Finance Trust Series 2005-S1
Not Applicable.
Not Applicable.
None.
Information regarding the mortgaged properties is included in the Annual Statement of Compliance filed under Item 8 and Item 15 hereof.
The registrant knows of no material pending legal proceedings with respect to the Trust Fund for any Series, involving the registrant, Wachovia, N.A. (the "Trustee") or JPMorgan Chase Bank, National Association (the "Servicer"), other than ordinary routine litigation incidental to duties of the registrant, Trustee or the Servicer under the Pooling and Servicing Agreement among Chase Mortgage Finance Corporation, JPMorgan Chase Bank, National Association and Wachovia, N.A., dated as of April 1, 2005, for Multi-Class Mortgage Pass-Through Certificates, Series 2005-S1.
No matter was submitted to a vote of Security Holders for any Series during the fiscal year covered by this report.                                       PART II
(a)   (1)     To the knowledge of the registrant, there is no                         established public market for the Certificates of any                         Series.                  (2)     To the knowledge of the registrant, there are no                         reported high and low bid quotations for any of the                         Certificates.            (b)   The records of the registrant indicate that as of December 31,                 2005, Series 2005-S1 had 61 holders of record.
Not Applicable.
Not Applicable.
Not Applicable.
In accordance with the Exemption Orders, the Annual Statement of Compliance and the Annual Independent Accountant's Reports for the Certificates for each Series are included herein as Exhibit 99.1 and Exhibit 99.2, respectively.
None.
Not Applicable.
None.                                         PART III
Not Applicable.
Not Applicable.
The records of the Depository Trust Company ("DTC") indicate that as of December 31, 2005, there were the following holders of record with more than 5% of each class of Certificates:    Chase Mortgage Finance   Name & Address                                        Original Certificate    % of Trust, Series 2005-S1    of Participant                                        Principal Balance       Class - --------------------------------------------------------------------------------------------------------------     Class IA1                00000954 Mellon Trust of New England, NA              $   10,000,000           83.33%                          525 William Penn Place, Suite 3418                          Pittsburgh, PA 15259 - --------------------------------------------------------------------------------------------------------------                          00000652 UBSSEC/CMO                                   $    2,000,000           16.67%                          299 Park Avenue                          New York, NY 10171 - -------------------------------------------------------------------------------------------------------------- Class IA2                00000187 J.P. Morgan Securities Inc. - Fixed Income   $       358,393         100.00%                          34 Exchange Place, 4th Floor                          Jersey City,  NJ 07302 - -------------------------------------------------------------------------------------------------------------- Class IA3                00000901 The Bank of New York                         $    25,524,300          96.19%                          One Wall Street, 6th Floor                          New York,  NY 10286 - -------------------------------------------------------------------------------------------------------------- Class IA4                00000235 RBC DAIN                                     $      453,026           81.77%                          510 Marquette Ave South                          Minneapolis, MN 55402 - --------------------------------------------------------------------------------------------------------------                          00000221 UBS FINAN                                    $       75,000           13.54%                          1200 Harbor Blvd                          Weehawken, NJ 07086 - -------------------------------------------------------------------------------------------------------------- Class IA5                00000901 The Bank of New York                         $   40,000,000           73.56%                          One Wall Street, 6th Floor                          New York,  NY 10286 - --------------------------------------------------------------------------------------------------------------                          00000161 MERRIL                                       $    8,000,000           14.71%                          101 Hudson Street, 9th Floor                          Jersey City, NJ 07302 - --------------------------------------------------------------------------------------------------------------                          00000908 Citibank, N.A.                               $    6,376,000           11.73%                          3800 Citibank Center B3-15                          Tampa, FL 33610 - -------------------------------------------------------------------------------------------------------------- Class IA6                00000652 UBSSEC/CMO                                   $   20,000,000           51.28%                          299 Park Avenue                          New York, NY 10171 - --------------------------------------------------------------------------------------------------------------                          00000901 The Bank of New York                         $   19,000,000           48.72%                          One Wall Street, 6th Floor                          New York,  NY 10286 - -------------------------------------------------------------------------------------------------------------- Class IA7                00000226 National Financial Services LLC              $    2,500,000           19.23%                          200 LIBERTY STREET                          NEW YORK CITY  NY 10281 - --------------------------------------------------------------------------------------------------------------                          00000141 FRST CLEAR                                   $    2,500,000           19.23%                          10700 Wheat First Drive, WS 1195                          Glen Allen, VA 23060 - --------------------------------------------------------------------------------------------------------------                          00000997 State Street Bank and Trust Company          $    2,500,000           19.23%                          1776 Heritage Drive                          North Quincy,  MA 02171 - --------------------------------------------------------------------------------------------------------------                          00000992 M&I Marshall & Isley Bank                    $    5,000,000           38.46%                          ISSUER  SERVICES                          C/O ADP PROXY SERVICES                          51 MERCEDES WAY                          EDGEWOOD  NY 11717 - -------------------------------------------------------------------------------------------------------------- Class IA8                00000902 JPMorgan Chase Bank, National Association    $   21,925,000           78.51%                          Proxy Services                          14201 Dallas Parkway STE 121                          Dallas, TX 75254 - --------------------------------------------------------------------------------------------------------------                          00000954 Mellon Trust of New England, NA              $    6,000,000           21.49%                          525 William Penn Place, Suite 3418                          Pittsburgh, PA 15259 - -------------------------------------------------------------------------------------------------------------- Class IA9                00000908 Citibank, N.A.                               $   70,000,000           85.56%                          3800 Citibank Center B3-15                          Tampa, FL 33610 - --------------------------------------------------------------------------------------------------------------                          00000740 LEGG MASON                                   $    6,322,270            7.73%                          100 Light Street                          PO Box 1476                          Baltimore, MD 21202 - --------------------------------------------------------------------------------------------------------------                          00000235 RBC DAIN                                     $    4,127,000            5.04%                          510 Marquette Ave South                          Minneapolis, MN 55402 - -------------------------------------------------------------------------------------------------------------- Class IA10               00000902 JPMorgan Chase Bank, National Association    $   75,000,000           74.98%                          Proxy Services                          14201 Dallas Parkway STE 121                          Dallas, TX 75254 - --------------------------------------------------------------------------------------------------------------                          00000997 State Street Bank and Trust Company          $   25,027,330           25.02%                          1776 Heritage Drive                          North Quincy,  MA 02171 - -------------------------------------------------------------------------------------------------------------- Class IA11               00000901 The Bank of New York                         $   13,552,600          100.00%                          One Wall Street, 6th Floor                          New York,  NY 10286 - -------------------------------------------------------------------------------------------------------------- Class IA12               00000902 JPMorgan Chase Bank, National Association    $      204,783           50.59%                          Proxy Services                          14201 Dallas Parkway STE 121                          Dallas, TX 75254 - --------------------------------------------------------------------------------------------------------------                          00000901 The Bank of New York                         $      200,000           49.41%                          One Wall Street, 6th Floor                          New York,  NY 10286 - -------------------------------------------------------------------------------------------------------------- Class IA13               00002975 Bank One RET                                 $   25,031,038          100.00%                          340 South Cleveland                          Building 350                          Columbus, OH 43240 - -------------------------------------------------------------------------------------------------------------- Class IA14               00000901 The Bank of New York                         $     2,300,000          28.75%                          One Wall Street, 6th Floor                          New York,  NY 10286 - --------------------------------------------------------------------------------------------------------------                          00002254 FNB OMAHA                                    $     2,000,000          25.00%                          1620 Dodge Street                          Omaha, NE 68102 - --------------------------------------------------------------------------------------------------------------                          00002116 The Fifth Third Bank                         $    1,700,000           21.25%                          38 Fountain Square Plaza                          Mail Drop 1090F1                          Cincinnati, OH 45263 - --------------------------------------------------------------------------------------------------------------                          00002163 Wachovia Bank N.A. - Phila. Main             $    1,500,000           18.75%                          530 Walnut Street, 1st Floor                          Philadelphia, PA 19101 - -------------------------------------------------------------------------------------------------------------- Class IA15               00000954 Mellon Trust of New England, NA              $   23,365,000          100.00%                          525 William Penn Place, Suite 3418                          Pittsburgh, PA 15259 - -------------------------------------------------------------------------------------------------------------- Class IA16               00000352 Bear Stearns Securities Corp.                $   20,000,000           44.44%                          One Metrotech Center North, 4th Floor                          Brooklyn, NY 11201-3862 - --------------------------------------------------------------------------------------------------------------                          00000443 PERSHING                                     $   20,000,000           44.44%                          Securities Corporation                          1 Pershing Plaza                          Jersey City, NJ 07399 - --------------------------------------------------------------------------------------------------------------                          00000636 LHMNGV/LBI                                   $    5,000,000           11.11%                          70 Hudson Street                          Jersey City,  NJ 07302 - -------------------------------------------------------------------------------------------------------------- Class IA17               00000158 ADP COSI                                     $       25,000          100.00%                          26 Broadway, 12th Floor                          New York, NY 10004 - -------------------------------------------------------------------------------------------------------------- Class IA18               00000443 PERSHING                                     $    1,624,000          100.00%                          Securities Corporation                          1 Pershing Plaza                          Jersey City, NJ 07399 - -------------------------------------------------------------------------------------------------------------- Class IIA1               00000908 Citibank, N.A.                               $  126,120,198           83.46%                          3800 Citibank Center B3-15                          Tampa, FL 33610 - --------------------------------------------------------------------------------------------------------------                          00000902 JPMorgan Chase Bank, National Associatio     $   25,000,000           16.54%                          Proxy Services                          14201 Dallas Parkway STE 121                          Dallas, TX 75254 - -------------------------------------------------------------------------------------------------------------- Class IIA2               00000901 The Bank of New York                         $   18,141,990          100.00%                          One Wall Street, 6th Floor                          New York,  NY 10286 - -------------------------------------------------------------------------------------------------------------- Class IIA3               00000355 Credit Suisse First Boston                   $   18,141,990          100.00%                          C/O ADP Proxy Services                          51 Mercedes Way                          Edgewood, NY 11717 - -------------------------------------------------------------------------------------------------------------- Class AP                 00000187 J.P. Morgan Securities Inc. - Fixed Income   $      896,316          100.00%                          34 Exchange Place, 4th Floor                          Jersey City,  NJ 07302 - -------------------------------------------------------------------------------------------------------------- Class M                  00000901 The Bank of New York                         $    5,000,000           50.49%                          One Wall Street, 6th Floor                          New York,  NY 10286 - --------------------------------------------------------------------------------------------------------------                          00002669 Northern Trust Company                       $    4,902,000           49.51%                          801 S. Canal C-IN                          Chicago, IL 60607 - -------------------------------------------------------------------------------------------------------------- Class B1                 00000902 JPMorgan Chase Bank, National Association    $    2,701,000          100.00%                          Proxy Services                          14201 Dallas Parkway STE 121                          Dallas, TX 75254 - -------------------------------------------------------------------------------------------------------------- Class B2                 00000901 The Bank of New York                         $    1,800,000          100.00%                          One Wall Street, 6th Floor                          New York,  NY 10286 - -------------------------------------------------------------------------------------------------------------- Class IAX                00000187 J.P. Morgan Securities Inc. - Fixed Income   $      753,581          100.00%                          34 Exchange Place, 4th Floor                          Jersey City,  NJ 07302 - --------------------------------------------------------------------------------------------------------------
Not Applicable.
Not Applicable.                                          PART IV
(a)     The following documents are filed as part of this Annual                         Report on Form 10-K.                          (3)     Exhibit Number       Description                                 --------------       -----------                                 31.1                 Certification pursuant to                                                      Section 302 of the                                                      Sarbanes-Oxley Act of 2002.                                  99.1                 Report prepared by the                                                      Servicer's certified                                                      independent accountants                                                      concerning the Servicer's                                                      activities for the year-end                                                      December 31, 2005.                                   99.2                Servicer's Annual Statement                                                      of Compliance.                  (b)     See item 15(a)(3) above.                  (c)     Not Applicable.                                        SIGNATURES        Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.             CHASE MORTGAGE FINANCE CORPORATION,           depositor            By:  /s/ Jerome A. Cipponeri           ---------------------------------           Name:    Jerome A. Cipponeri           Title:   President  Date:    March 27, 2006     SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO SECTION 12 OF THE ACT.  No annual report, proxy statement, form of proxy or other proxy soliciting material has been sent to Certificateholders during the period covered by this Annual Report on Form 10-K and the registrant does not intend to furnish such materials to Certificateholders subsequent to the filing of this report.                                     INDEX TO EXHIBITS                                  Exhibit Number       Description                                 --------------       -----------                                 31.1                 Certification pursuant to                                                      Section 302 of the                                                      Sarbanes-Oxley Act of 2002.                                  99.1                 Report prepared by the                                                      Servicer's certified                                                      independent accountants                                                      concerning the Servicer's                                                      activities for the year-end                                                      December 31, 2005.                                  99.2                 Servicer's Annual Statement                                                      of Compliance.      EX-31.1 2 v038648_ex31-1.txt                                                                        Exhibit 31.1                                    CERTIFICATION                         Chase Mortgage Finance Corporation,                        Mortgage Pass-Through Certificates                           Series 2005-S1 (the "Trust")  I, Jerome A. Cipponeri, President of Chase Mortgage Finance Corporation, the depositor of assets into the above-referenced Trust, certify that:  1.    I have reviewed this annual report on Form 10-K, and all reports on Form       8-K containing distribution or servicing reports filed in respect of       periods included in the year covered by this annual report, of the Trust;  2.    Based on my knowledge, the information in these reports, taken as a whole,       does not contain any untrue statement of a material fact or omit to state       a material fact necessary to make the statements made, in light of the       circumstances under which such statements were made, not misleading as of       the last day of the period covered by this annual report;  3.    Based on my knowledge, the distribution or servicing information required       to be provided to the trustee by the servicer under the pooling and       servicing agreement for inclusion in these reports is included in these       reports;  4.    Based on my knowledge and upon the annual compliance statement included in       this annual report and required to be delivered to the trustee in       accordance with the terms of the pooling and servicing agreement, and       except as disclosed in this annual report, the servicer has fulfilled its       obligations under the pooling and servicing agreement; and  5.    The reports disclose all significant deficiencies relating to the       servicer's compliance with the minimum servicing standards based upon the       report provided by an independent public accountant, after conducting a       review in compliance with the Uniform Single Attestation Program for       Mortgage Bankers or similar procedure, as set forth in the pooling and       servicing agreement, that is included in these reports.   Date:    March 27, 2006         /s/ Jerome A. Cipponeri - --------------------------------------------- Name:     Jerome A. Cipponeri Title:    President Company:  Chase Mortgage Finance Corporation      EX-99.1 3 v038648_ex99-1.txt                                                                        Exhibit 99.1  [PriceWaterhouseCoopers Letterhead]                                                     PriceWaterhouseCoopers LLP                                                    PriceWaterhouseCoopers Center                                                    300 Madison Avenue                                                    New York NY 10017                                                    Telephone 646 471 3000                                                    Facsimile (813) 286 6000                           Report of Independent Auditors  To the Board of Directors and Stockholder of JPMorgan Chase Bank, National Association:  We have examined management's assertion about JPMorgan Chase Bank, National Association (the "Company") compliance with the minimum servicing standards identified in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP") solely as they relate to standard VII, Insurance Policies (the "Applicable Standard"), as of and for the year ended December 31, 2005 included in the accompanying management assertion. Management is responsible for the Company's compliance with the Applicable Standard. Our responsibility is to express an opinion on management's assertion about the Company's compliance, solely as it relates to the Applicable Standard based on our examination. The Company uses subservicing organizations to perform the servicing obligations subject to minimum servicing standards I-VI of USAP. We did not examine the Company's compliance with standard I-VI of USAP and, accordingly, do not express an opinion theron.  Our examination was made in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the Applicable Standard and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the Applicable Standard.  In our opinion, management's assertion that the Company complied with the Applicable Standard solely as it relate to standard VII, Insurance Policies, as of and for the year ended December 31, 2005 is fairly stated, in all material respects.  /s/PriceWaterhouseCoopers LLP  March 13, 2006                                       [CHASE LOGO]                    Management's Assertion Concerning Compliance                       with USAP Minimum Servicing Standards  March 13, 2006  As of and for the year ended December 31, 2005, JPMorgan Chase Bank, National Association (the "Company") has complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP") solely as they relate to standard VII, Insurance Policies (the "Applicable Standard"). The Company uses subservicing organizations to perform the servicing obligations subject to minimum servicing standards I-VI of USAP.  As of and for this same period, the Company had in effect fidelity bond and errors and omissions policies in the amounts of $250,000,000 and $25,000,000 respectively.  Attached to this Management Assertion are the independent auditors' reports on the subservicing organizations' compliance with the minumum servicing standards related to the servicing obligations performed.    /s/ Kim Greaves                                 /s/ Jim Miller - --------------------------------                --------------------------------  Kim Greaves                                     Jim Miller  Vice President                                  Vice President  JPMorgan Chase Bank,                            JPMorgan Chase Bank,  National Association                            National Association  /s/ Scott Powell - --------------------------------  Scott Powell  Senior Vice President  JPMorgan Chase Bank,  National Association     EX-99.2 4 v038648_ex99-2.txt                                                                        Exhibit 99.2                                    [CHASE LOGO]                           ANNUAL STATEMENT OF COMPLIANCE  Pursuant to the servicing agreement, the undersigned Officer, to the best of his/her knowledge, hereby certifies to the following:  I have reviewed the activities and performance of the Servicer and, during the preceding fiscal year under the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing Agreement and/or Seller/Servicer Guide and to the best of the Officer's knowledge, the Servicer has fulfilled all its duties, responsibilities or obligations under these Agreements throughout such year.        a)    All property inspections have been completed.        b)    Compliance relative to Adjustable Rate Mortgages has been met.        c)    Compliance with IRS Foreclosure reporting regulations enacted as IRS             Section 6060J by the Deficit Reduction Act, regarding Acquired             and/or Abandonment property have been completed.        d)    All loans serviced in states that have statutes requiring payment of             interest on escrow/impound accounts have been completed.        e)    That such Officer has confirmed that the Fidelity Bond, the Errors             and Omissions Insurance Policy and any other bonds required under             the terms of the Servicing Agreement are in full force and effect.        f)    Enclosed is a copy of our most recent independent audit statement.   CERTIFIED BY:   /s/ Kim Greaves                           Date: March 13, 2006                 ----------------------                          ----------------                 Kim Greaves                 Senior Vice President                 Chase Home Finance LLC                   /s/ Jim Miller                            Date: March 13, 2006                 -----------------------                         ----------------                 Jim Miller                 Senior Vice President                 Chase Home Finance LLC     SEE EXHIBIT 99.1 FOR MOST RECENT INDEPENDENT AUDIT STATEMENT     -----END PRIVACY-ENHANCED MESSAGE-----