UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-D

ASSET-BACKED ISSUER

DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the monthly distribution period from:

June 26, 2007 to July 25, 2007

Commission File Number of issuing entity: 333-141145-06

Chase Mortgage Finance Trust Series 2007-S5

(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor: 333-141145

Chase Mortgage Finance Corporation

(Exact name of depositor as specified in its charter)

Chase Home Finance LLC

(Exact name of sponsor as specified in its charter)

Delaware

(State or other jurisdiction of incorporation or organization of the issuing entity)

86-1169040

(I.R.S. Employer Identification No.)

194 Wood Avenue South, Iselin, New Jersey		08830
(Address of principal executive offices of the issuing entity)		(Zip Code)

(732) 205-0600

(Telephone number, including area code)

No Change

(Former name, former address, if changed since last report)

Registered/reporting pursuant to (check one)

Title of Class	Section 12(b)	Section 12(g)	Section 15(d)	Name of Exchange (If Section 12(b))
IA1			X
IA2			X
IA3			X
IA4			X
IA5			X
IA6			X
IA7			X
IA8			X
IA9			X
IA10			X
IA11			X
IA12			X
IA16			X
IA17			X
IA18			X
IA22			X
IIA1			X
AP			X
AP1			X
AP2			X
M			X
B1			X
B2			X
B3			X
B4			X
B5			X
AR			X
IAX			X
IIAX			X

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes x No o

Part I — DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information

On July 25, 2007 a distribution was made to holders of Chase Mortgage Finance Trust Series 2007-S5.

The distribution report is attached as an Exhibit to this Form 10-D. Please see Item 9(a), Exhibit 99.1 for the related information.

Part II — OTHER INFORMATION

Item 9. Exhibits

(a) The following is a list of documents filed as part of this Report on Form 10-D:

(99.1) Monthly report distributed to holders of Chase Mortgage Finance Trust Series 2007-S5, relating to the July 25, 2007 distribution.

(b) The exhibits required to be filed by registrant pursuant to Item 601 of Regulation S-K are listed above and in the Exhibit Index that immediately follows the signature page hereof.

[SIGNATURE PAGE FOLLOWS]

SIGNATURES

Pursuant to the requirements 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)

/s/ Bruce J. Friedman
By: Bruce J. Friedman Title: Vice President

Date: July 27, 2007

EXHIBIT INDEX

Exhibit Number		Description

EX-99.1		Monthly report distributed to holders of Chase Mortgage Finance Trust Series 2007-S5, relating to the July 25, 2007 distribution.

Chase Mortgage Finance Trust, Series 2007-S5

July 25, 2007

Table of Contents

Distribution Report			2
Factor Report			3
Exchangeable Certificates Distribution Report			4
Exchangeable Certificates Factor Report			4
Credit Support Percentages			7
Delinquency by Group			7
Delinquency Totals			7
Delinquency Trend Group			8
Bankruptcy Group Report			8
Foreclosure Group Report			8
REO Group Report			9
REO Property Scheduled Balance			9
Realized Loss Group Report			10
Certificate Interest Shortfall Detail			10
Investor Supplemental Report			11

IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW:

Mary J. Davis

Bank of New York - Structured Finance Services

601 Travis Street, 16^th Floor

Houston, Texas 77002

Tel: (713) 483-6216 / Fax: (713) 483-6627

Email: maryjo.davis@bankofny.com

Chase Mortgage Finance Trust, Series 2007-S5

July 25, 2007

DISTRIBUTION IN DOLLARS
CLASS	ORIGINAL FACE VALUE		BEGINNING PRINCIPAL BALANCE		PRINCIPAL		INTEREST		TOTAL		REALIZED LOSSES		DEFERRED INTEREST		ENDING PRINCIPAL BALANCE

IA1		181,000,000.00		181,000,000.00		657,053.05		877,850.00		1,534,903.05		0.00		0.00		180,342,946.95
IA3		8,619,509.00		8,619,509.00		0.00		0.00		0.00		0.00		43,097.54		8,662,606.54
IA4		45,000,000.00		45,000,000.00		0.00		225,000.00		225,000.00		0.00		0.00		45,000,000.00
IA5		5,000,000.00		5,000,000.00		0.00		25,291.67		25,291.67		0.00		0.00		5,000,000.00
IA6		35,800,000.00		35,800,000.00		0.00		179,000.00		179,000.00		0.00		0.00		35,800,000.00
IA7		14,202,000.00		14,202,000.00		0.00		71,010.00		71,010.00		0.00		0.00		14,202,000.00
IA8		51,500,000.00		51,500,000.00		0.00		257,500.00		257,500.00		0.00		0.00		51,500,000.00
IA9		27,923,000.00		27,923,000.00		0.00		139,615.00		139,615.00		0.00		0.00		27,923,000.00
IA10		28,575,000.00		28,575,000.00		0.00		142,875.00		142,875.00		0.00		0.00		28,575,000.00
IA11		10,000,000.00		10,000,000.00		0.00		50,000.00		50,000.00		0.00		0.00		10,000,000.00
IA12		15,000,000.00		15,000,000.00		0.00		75,000.00		75,000.00		0.00		0.00		15,000,000.00
IA16		16,000,000.00		16,000,000.00		0.00		80,000.00		80,000.00		0.00		0.00		16,000,000.00
IA17		50,000,000.00		50,000,000.00		145,447.30		250,000.00		395,447.30		0.00		0.00		49,854,552.70
IA18		9,707,099.00		9,707,099.00		0.00		0.00		0.00		0.00		48,535.50		9,755,634.50
IA22		57,000,000.00		57,000,000.00		0.00		285,000.00		285,000.00		0.00		0.00		57,000,000.00
IIA1		105,579,606.00		105,579,606.00		636,927.96		483,906.53		1,120,834.49		0.00		0.00		104,942,678.04
AP		2,268,244.00		2,268,244.00		3,295.94		0.00		3,295.94		0.00		0.00		2,264,948.06
M		17,225,300.00		17,225,300.00		21,788.07		84,980.61		106,768.68		0.00		0.00		17,203,511.93
B1		3,445,000.00		3,445,000.00		4,357.54		16,995.83		21,353.37		0.00		0.00		3,440,642.46
B2		1,722,600.00		1,722,600.00		2,178.90		8,498.41		10,677.31		0.00		0.00		1,720,421.10
B3		1,378,000.00		1,378,000.00		1,743.02		6,798.33		8,541.35		0.00		0.00		1,376,256.98
B4		1,033,500.00		1,033,500.00		1,307.26		5,098.75		6,406.01		0.00		0.00		1,032,192.74
B5		1,033,569.70		1,033,569.70		1,307.35		5,099.09		6,406.44		0.00		0.00		1,032,262.35
AR		100.00		100.00		100.00		0.50		100.50		0.00		0.00		0.00
TOTALS		689,012,527.70		689,012,527.70		1,475,506.39		3,269,519.72		4,745,026.11		0.00		91,633.04		687,628,654.35
IA2		181,000,000.00		181,000,000.00		0.00		27,150.00		27,150.00		0.00		0.00		180,342,946.95
IAX		20,267,577.00		20,267,577.00		0.00		101,337.88		101,337.88		0.00		0.00		20,241,631.33
IIAX		4,978,994.00		4,978,994.00		0.00		22,820.39		22,820.39		0.00		0.00		4,941,808.41
AP1		1,967,751.00		1,967,751.00		1,994.79		0.00		1,994.79		0.00		0.00		1,965,756.21
AP2		300,493.00		300,493.00		1,301.15		0.00		1,301.15		0.00		0.00		299,191.85

Chase Mortgage Finance Trust, Series 2007-S5

July 25, 2007

FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
CLASS	CUSIP		BEGINNING PRINCIPAL		PRINCIPAL		INTEREST		TOTAL		ENDING PRINCIPAL		CURRENT PASS-THRU RATE

IA1		161631AA4		1,000.00000000		3.63012735		4.85000000		8.48012735		996.36987265		5.820000	%
IA3		161631AC0		1,000.00000000		0.00000000		0.00000000		0.00000000		1,004.99999942		6.000000	%
IA4		161631AD8		1,000.00000000		0.00000000		5.00000000		5.00000000		1,000.00000000		6.000000	%
IA5		161631AE6		1,000.00000000		0.00000000		5.05833400		5.05833400		1,000.00000000		6.070000	%
IA6		161631AF3		1,000.00000000		0.00000000		5.00000000		5.00000000		1,000.00000000		6.000000	%
IA7		161631AG1		1,000.00000000		0.00000000		5.00000000		5.00000000		1,000.00000000		6.000000	%
IA8		161631AH9		1,000.00000000		0.00000000		5.00000000		5.00000000		1,000.00000000		6.000000	%
IA9		161631AJ5		1,000.00000000		0.00000000		5.00000000		5.00000000		1,000.00000000		6.000000	%
IA10		161631AK2		1,000.00000000		0.00000000		5.00000000		5.00000000		1,000.00000000		6.000000	%
IA11		161631AL0		1,000.00000000		0.00000000		5.00000000		5.00000000		1,000.00000000		6.000000	%
IA12		161631AM8		1,000.00000000		0.00000000		5.00000000		5.00000000		1,000.00000000		6.000000	%
IA16		161631AR7		1,000.00000000		0.00000000		5.00000000		5.00000000		1,000.00000000		6.000000	%
IA17		161631AS5		1,000.00000000		2.90894600		5.00000000		7.90894600		997.09105400		6.000000	%
IA18		161631AT3		1,000.00000000		0.00000000		0.00000000		0.00000000		1,005.00000052		6.000000	%
IA22		161631AX4		1,000.00000000		0.00000000		5.00000000		5.00000000		1,000.00000000		6.000000	%
IIA1		161631AZ9		1,000.00000000		6.03267983		4.58333336		10.61601319		993.96732017		5.500000	%
AP		161631BD7		1,000.00000000		1.45308000		0.00000000		1.45308000		998.54692000		0.000000	%
M		161631BF2		1,000.00000000		1.26488769		4.93347634		6.19836403		998.73511231		5.920172	%
B1		161631BG0		1,000.00000000		1.26488824		4.93347750		6.19836575		998.73511176		5.920172	%
B2		161631BH8		1,000.00000000		1.26489028		4.93347846		6.19836875		998.73510972		5.920172	%
B3		161631BJ4		1,000.00000000		1.26489115		4.93347605		6.19836720		998.73510885		5.920172	%
B4		161631BK1		1,000.00000000		1.26488631		4.93347847		6.19836478		998.73511369		5.920172	%
B5		161631BL9		1,000.00000000		1.26488809		4.93347473		6.19836282		998.73511191		5.920172	%
AR		161631BE5		1,000.00000000		1,000.00000000		5.00000000		1,005.00000000		0.00000000		6.000000	%
TOTALS				1,000.00000000		2.14147977		4.74522536		6.88670513		997.99151206
IA2		161631AB2		1,000.00000000		0.00000000		0.15000000		0.15000000		996.36987265		0.180000	%
IAX		161631AY2		1,000.00000000		0.00000000		4.99999975		4.99999975		998.71984352		6.000000	%
IIAX		161631BC9		1,000.00000000		0.00000000		4.58333350		4.58333350		992.53150536		5.500000	%
AP1		N/A		1,000.00000000		1.01374107		0.00000000		1.01374107		998.98625893		0.000000	%
AP2		N/A		1,000.00000000		4.33005095		0.00000000		4.33005095		995.66994905		0.000000	%

Chase Mortgage Finance Trust, Series 2007-S5

July 25, 2007

DISTRIBUTION IN DOLLARS
CLASS	ORIGINAL FACE VALUE		BEGINNING PRINCIPAL BALANCE		PRINCIPAL		INTEREST		TOTAL		REALIZED LOSSES		DEFERRED INTEREST		ENDING PRINCIPAL BALANCE
IA13		14,967,000.00		14,967,000.00		0.00		74,835.00		74,835.00		0.00		0.00		14,967,000.00
IA14		37,500,000.00		37,500,000.00		22,665.00		187,500.00		210,165.00		0.00		0.00		37,477,335.00
IA15		4,533,000.00		4,533,000.00		0.00		0.00		0.00		0.00		22,665.00		4,555,665.00
IA19		181,000,000.00		181,000,000.00		657,053.05		905,000.00		1,562,053.05		0.00		0.00		180,342,946.95
IA20		43,246,000.00		43,246,000.00		0.00		216,230.00		216,230.00		0.00		0.00		43,246,000.00
IA21		1,754,000.00		1,754,000.00		0.00		8,770.00		8,770.00		0.00		0.00		1,754,000.00
IIA2		87,389,000.00		87,389,000.00		636,927.96		400,532.92		1,037,460.88		0.00		0.00		86,752,072.04
IIA3		18,190,606.00		18,190,606.00		0.00		83,373.61		83,373.61		0.00		0.00		18,190,606.00
TOTALS		388,579,606.00		388,579,606.00		1,316,646.01		1,876,241.53		3,192,887.54		0.00		22,665.00		387,285,624.99

FACTOR INFORMATION PER $1000 OF ORIGINAL FACE

CLASS

CUSIP

BEGINNING PRINCIPAL BALANCE

PRINCIPAL

INTEREST

TOTAL

ENDING PRINCIPAL

CURRENT PASS-THRU RATE

IA13	161631AN6	1,000.00000000	0.00000000	5.00000000	5.00000000	1,000.00000000	6.000000	%
IA14	161631AP1	1,000.00000000	0.60440000	5.00000000	5.60440000	999.39560000	6.000000	%
IA15	161631AQ9	1,000.00000000	0.00000000	0.00000000	0.00000000	1,005.00000000	6.000000	%
IA19	161631AU0	1,000.00000000	3.63012735	5.00000000	8.63012735	996.36987265	6.000000	%
IA20	161631AV8	1,000.00000000	0.00000000	5.00000000	5.00000000	1,000.00000000	6.000000	%
IA21	161631AW6	1,000.00000000	0.00000000	5.00000000	5.00000000	1,000.00000000	6.000000	%
IIA2	161631BA3	1,000.00000000	7.28842257	4.58333337	11.87175594	992.71157743	5.500000	%
IIA3	161631BB1	1,000.00000000	0.00000000	4.58333329	4.58333329	1,000.00000000	5.500000	%
TOTALS		1,000.00000000	3.38835592	4.82846115	8.21681707	996.66997189

*Please Note: Above Certificates are Exchanged Certificates

Chase Mortgage Finance Trust, Series 2007-S5

July 25, 2007

Total Scheduled Principal Amount	871,766.28
Group 1 AP Scheduled Principal Amount	1,640.15
Group 1 Non-PO Scheduled Principal Amount	432,119.13
Group 2 AP Scheduled Principal Amount	1,272.50
Group 2 Non-PO Scheduled Principal Amount	436,734.50

Total Unscheduled Principal Amounts	512,107.06
Group 1 AP Unscheduled Principal Amount	354.64
Group 1 Non-PO Unscheduled Principal Amount	295,107.90
Group 2 AP Unscheduled Principal Amount	28.65
Group 2 Non-PO Unscheduled Principal Amount	216,615.87

Group 1 One Month CPR	0.611091	%
Group 2 One Month CPR	2.347094	%

Total Repurchase Proceeds	0.00
Group AP Repurchase Proceeds	0.00
Group 1 Repurchase Proceeds	0.00
Group 2 Repurchase Proceeds	0.00

Total Beginning Principal Balance of Mortgage Loans	689,012,528.40
Group 1 AP Beginning Principal Balance	1,967,751.12
Group 1 Beginning Principal Balance	579,007,230.39
Group 2 AP Beginning Principal Balance	300,493.58
Group 2 Beginning Principal Balance	110,005,298.01

Total Ending Principal Balance of Mortgage Loans	687,628,655.06
Group 1 AP Ending Principal Balance	1,965,756.34
Group 1 Ending Principal Balance	578,278,008.57
Group 2 AP Ending Principal Balance	299,192.42
Group 2 Ending Principal Balance	109,350,646.49

Aggregate Amount of Servicer Advances	1,035,375.47

Aggregate Amount of Recovered Servicer Advances	4,167.93

Aggregate Number of Outstanding Mortgage Loans	1,074.00

Aggregate Weighted Average Coupon	6.372875	%
Group 1 Aggregate Weighted Average Coupon	6.445633	%
Group 2 Aggregate Weighted Average Coupon	5.989914	%

Group 1 Weighted Average Remaining Term	350
Group 2 Weighted Average Remaining Term	168

Chase Mortgage Finance Trust, Series 2007-S5

July 25, 2007

Total Gross Interest	3,659,158.72
Group 1 Gross Interest	3,110,056.80
Group 2 Gross Interest	549,101.92

Total Servicing Fees	146,989.28
Group 1 Servicing Fees	123,521.51
Group 2 Servicing Fees	23,467.77

Total Net Liquidation Proceeds	0.00
Group 1 Net Liquidation Proceeds	0.00
Group 2 Net Liquidation Proceeds	0.00
Current Period Aggregate Realized Losses	0.00
Current Period Group 1 Realized Losses	0.00
Current Period Group 2 Realized Losses	0.00

Cumulative Realized Losses	0.00
Cumulative Group 1 Realized Losses	0.00
Cumulative Group 2 Realized Losses	0.00

Fraud Loss Amount	20,670,376.00
Bankruptcy Loss Amount	268,715.00
Special Hazard Loss Amount	6,890,125.00

Class A Principal Balance	663,174,558.00
Class AP Principal Balance	2,268,244.00
Non-PO Class A Group 1 Principal Balance	555,326,708.00
Non-PO Class A Group 2 Principal Balance	105,579,606.00
Class M Principal Balance	17,225,300.00
Class B Principal Balance	8,612,669.70

Class A Percentage	96.250000	%
Class AP Percentage	0.329202	%
Non-PO Class A Group 1 Percentage	96.237212	%
Non-PO Class A Group 2 Percentage	96.239728	%
Class M Percentage	2.499998	%
Class B Percentage	1.250002	%

Class A Group 1 Prepayment Percentage	100.0000	%
Class A Group 2 Prepayment Percentage	100.0000	%

Chase Mortgage Finance Trust, Series 2007-S5

July 25, 2007

Credit Support Percentages
	Original Credit Support			Current Credit Support
Class M		1.25	%		1.25	%
Class B1		0.75	%		0.75	%
Class B2		0.50	%		0.50	%
Class B3		0.30	%		0.30	%
Class B4		0.15	%		0.15	%

Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency

Delinquency by Group
Group 1
Category	Number		Principal Balance		Percentage
1 Month		0		0.00		0
2 Month		0		0.00		0
3 Month		0		0.00		0
Total		0		0.00		0

Delinquency by Group
Group 2
Category	Number	Principal Balance	Percentage
1 Month	0	0.00	0
2 Month	0	0.00	0
3 Month	0	0.00	0
Total	0	0.00	0

Delinquency Totals
Group Totals
Category	Number		Principal Balance		Percentage
1 Month		0		0.00		0
2 Month		0		0.00		0
3 Month		0		0.00		0
Total		0		0.00		0

Chase Mortgage Finance Trust, Series 2007-S5

July 25, 2007

Number and Aggregate Principal Amounts of Mortgage Loans in Bankruptcy

Bankruptcy Group Report
Group Number	Number of Loans		Principal Balance		Percentage
1		0		0.00		0.00	%
2		0		0.00		0.00	%
Total		0		0.00		0.00	%

Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure

Foreclosure Group Report
Group Number	Number of Loans		Principal Balance		Percentage
1		0		0.00		0.00	%
2		0		0.00		0.00	%
Total		0		0.00		0.00	%

Chase Mortgage Finance Trust, Series 2007-S5

July 25, 2007

Number and Aggregate Principal Amounts of REO Loans

REO Group Report
Group Number	Number of Loans	Principal Balance	Percentage
1	0	0.00	0.00	%
2	0	0.00	0.00	%
Total	0	0.00	0.00	%

REO Property Scheduled Balance
Group Number	Loan Number	REO Date	Schedule Principal Balance
				0.00
Total				0.00

Chase Mortgage Finance Trust, Series 2007-S5

July 25, 2007

Realized Loss Group Report
Group Number	Current Loss		Cumulative Loss		Ending Balance		Balance of Liquidated Loans		Net Liquidation Proceeds
1		0.00		0.00		578,278,008.57		0.00		0.00
2		0.00		0.00		109,350,646.49		0.00		0.00
TOTAL		0.00		0.00		687,628,655.06		0.00		0.00

Certificate Interest Shortfall Detail
	Aggregate Outstanding Interest Shortfalls		Compensating Interest Shortfalls		Relief Act Interest Shortfalls
Class IA1		0.00		0.00		0.00
Class IA2		0.00		0.00		0.00
Class IA3		0.00		0.00		0.00
Class IA4		0.00		0.00		0.00
Class IA5		0.00		0.00		0.00
Class IA6		0.00		0.00		0.00
Class IA7		0.00		0.00		0.00
Class IA8		0.00		0.00		0.00
Class IA9		0.00		0.00		0.00
Class IA10		0.00		0.00		0.00
Class IA11		0.00		0.00		0.00
Class IA12		0.00		0.00		0.00
Class IA13		0.00		0.00		0.00
Class IA14		0.00		0.00		0.00
Class IA15		0.00		0.00		0.00
Class IA16		0.00		0.00		0.00
Class IA17		0.00		0.00		0.00
Class IA18		0.00		0.00		0.00
Class IA19		0.00		0.00		0.00
Class IA20		0.00		0.00		0.00
Class IA21		0.00		0.00		0.00
Class IA22		0.00		0.00		0.00
Class IIA1		0.00		0.00		0.00
Class IIA2		0.00		0.00		0.00
Class IIA3		0.00		0.00		0.00
Class AR		0.00		0.00		0.00
Class IAX		0.00		0.00		0.00
Class IIAX		0.00		0.00		0.00
Class M		0.00		0.00		0.00
Class B1		0.00		0.00		0.00
Class B2		0.00		0.00		0.00
Class B3		0.00		0.00		0.00
Class B4		0.00		0.00		0.00
Class B5		0.00		0.00		0.00

Chase Mortgage Finance Trust, Series 2007-S5

July 25, 2007

Yield Maintenance Agreement Amount Received
Class IA1			0.00
Class IA5			291.67

Reserve Fund - Per Yield Maintenance Agreement
Deposit Total In the Reserve Fund			291.67
Withdrawal Total From the Reserve Fund			291.67

ADDITIONAL POOL PERFORMANCE INFORMATION

Any material modifications, extensions or waivers to pool asset terms,
fees, penalties or payments during the distribution period or that
have cumulatively become material over time?			NO

Any material breaches of pool asset representations or warranties or transaction covenants?			NO

Any material changes as to methodology regarding calculations of delinquencies and charge-offs?			NO

Any new issuance of asset-backed securities backed by the same asset pool, or any pool
asset changes?			NO

Any material changes in the solicitation, credit-granting, underwriting, origination, acquisition
or pool selection criteria or procedures, as applicable, used to originate, acquire or select the new pool assests?			NO

Chase Mortgage Finance Trust Series 2007-S5 10-D