<PAGE>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                Date of Report (Date of earliest event reported)
                                 August 23, 2006

CHASE MORTGAGE FINANCE CORPORATION (as Depositor under the Pooling and Servicing
Agreement, dated as of August 1, 2006, providing for the issuance of ChaseFlex
Trust Multi-Class Mortgage Pass-Through Certificates, Series 2006-2)

                          ChaseFlex Trust Series 2006-2
                                (Issuing Entity)

                       Chase Mortgage Finance Corporation
                                   (Depositor)

                             Chase Home Finance LLC
                                    (Sponsor)

                       Chase Mortgage Finance Corporation
                                  (Registrant)

            Delaware                    333-130223                52-1495132
  (State or Other Jurisdiction         (Commission             (I.R.S. Employer
        Of Incorporation)              File Number)          Identification No.)

194 Wood Avenue South, 3rd Floor
       Iselin, New Jersey                                           08830
 (Address of Principal Executive                                  (Zip Code)
            Offices)

     Registrant's telephone number, including area code: (732) 205-0600

                                    No Change
          (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[_]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[_]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

[_]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[_]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

<PAGE>

     Item 8.01. Other Events

     The Registrant registered issuances of ChaseFlex Trust Series 2006-2
Multi-Class Mortgage Pass-Through Certificates on a delayed or continuous basis
pursuant to Rule 415 under the Securities Act of 1933, as amended (the "Act"),
by a Registration Statement on Form S-3 (Registration File No. 333-130223 (the
"Registration Statement")). Pursuant to the Registration Statement, the
Registrant issued $395,604,000 in aggregate principal amount Class A-1-A, Class
A-1-B, Class A-2-A, Class A-2-B, Class A-3, Class A-4, Class A-5, Class A-6,
Class A-R, Class M-1, Class M-2, Class B-1 and Class B-2 Certificates of its
ChaseFlex Trust Multi-Class Mortgage Pass-Through Certificates, Series 2006-2 on
August 23, 2006.

     This Current Report on Form 8-K is being filed to satisfy an undertaking,
contained in the definitive Prospectus, dated August 17, 2006, as supplemented
by the Prospectus Supplement, dated August 17, 2006 (collectively, the
"Prospectus Supplement"), to file a copy of the Pooling and Servicing Agreement
(as defined below) executed in connection with the issuance of the Certificates,
a form of which was filed as an exhibit to the Registration Statement.

     The Certificates (as defined below) were issued pursuant to a Pooling and
Servicing Agreement, attached hereto as Exhibit 4.1, dated as of August 1, 2006,
among Chase Mortgage Finance Corporation, as depositor, JPMorgan Chase Bank,
N.A., as servicer and custodian, U.S. Bank National Association, as trustee and
JPMorgan Chase Bank, N.A., as paying agent. The "Certificates" consist of the
following classes: Class A-1-A, Class A-1-B, Class A-2-A, Class A-2-B, Class
A-3, Class A-4, Class A-5, Class A-6, Class A-R, Class M-1, Class M-2, Class
B-1, Class B-2 and Class CE. The Certificates evidence all the beneficial
ownership interest in a trust fund (the "Trust Fund") that consists primarily of
a pool of certain fixed and adjustable rate, first lien residential mortgage
loans (the "Mortgage Loans") with an aggregate outstanding principal balance of
approximately $400,004,539 as of August 1, 2006. Capitalized terms used herein
and not otherwise defined shall have the meanings assigned to them in the
Pooling and Servicing Agreement.

     Item 9.01. Financial Statements and Exhibits

     (a)  Not applicable.

     (b)  Not applicable.

     (c)  Not applicable.

     (d)  Exhibits:

          4.1  Pooling and Servicing Agreement, dated as of August 1, 2006,
               among Chase Mortgage Finance Corporation, as Depositor, JPMorgan
               Chase Bank, N.A., as Servicer and Custodian, U.S. Bank National
               Association, as Trustee and JPMorgan Chase Bank, N.A., as Paying
               Agent.

          99.1 Mortgage Loan Sale Agreement, dated as of August 1, 2006, among
               Chase Home Finance LLC, as Seller, and Chase Mortgage Finance
               Corporation, as Purchaser.

<PAGE>

                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

                                        CHASE MORTGAGE FINANCE
                                           CORPORATION


                                        By: /s/ Bruce Friedman
                                            ------------------------------------
                                            Name: Bruce Friedman
                                            Title: Senior Vice President

Dated: September 6, 2006

<PAGE>

                                  EXHIBIT INDEX

Exhibit No.   Description
-----------   -----------
    4.1       Pooling and Servicing Agreement, dated as of August 1, 2006, among
              Chase Mortgage Finance Corporation, as Depositor, JPMorgan Chase
              Bank, N.A., as Servicer and Custodian, U.S. Bank National
              Association, as Trustee and JPMorgan Chase Bank, N.A., as Paying
              Agent.

   99.1       Mortgage Loan Sale Agreement, dated as of August 1, 2006, among
              Chase Home Finance LLC, as Seller, and Chase Mortgage Finance
              Corporation, as Purchaser.
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{"company-data": {"conformed-name": "ChaseFlex Trust Series 2006-2", "cik": "0001371963", "assigned-sic": "6189", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-130223-05", "film-number": "061077680"}, "business-address": {"street1": "194 WOOD AVENUE SOUTH", "street2": "C/O A HARDY EUBANKS III", "city": "ISELIN", "state": "NJ", "zip": "08830", "phone": "7322050600"}, "mail-address": {"street1": "194 WOOD AVENUE SOUTH", "street2": "3RD FLOOR", "city": "ISELIN", "state": "NJ", "zip": "08830"}}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                Date of Report (Date of earliest event reported)
                                 August 23, 2006

CHASE MORTGAGE FINANCE CORPORATION (as Depositor under the Pooling and Servicing
Agreement, dated as of August 1, 2006, providing for the issuance of ChaseFlex
Trust Multi-Class Mortgage Pass-Through Certificates, Series 2006-2)

                          ChaseFlex Trust Series 2006-2
                                (Issuing Entity)

                       Chase Mortgage Finance Corporation
                                   (Depositor)

                             Chase Home Finance LLC
                                    (Sponsor)

                       Chase Mortgage Finance Corporation
                                  (Registrant)

            Delaware                    333-130223                52-1495132
  (State or Other Jurisdiction         (Commission             (I.R.S. Employer
        Of Incorporation)              File Number)          Identification No.)

194 Wood Avenue South, 3rd Floor
       Iselin, New Jersey                                           08830
 (Address of Principal Executive                                  (Zip Code)
            Offices)

     Registrant's telephone number, including area code: (732) 205-0600

                                    No Change
          (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[_]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[_]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

[_]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[_]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events

     The Registrant registered issuances of ChaseFlex Trust Series 2006-2
Multi-Class Mortgage Pass-Through Certificates on a delayed or continuous basis
pursuant to Rule 415 under the Securities Act of 1933, as amended (the "Act"),
by a Registration Statement on Form S-3 (Registration File No. 333-130223 (the
"Registration Statement")). Pursuant to the Registration Statement, the
Registrant issued $395,604,000 in aggregate principal amount Class A-1-A, Class
A-1-B, Class A-2-A, Class A-2-B, Class A-3, Class A-4, Class A-5, Class A-6,
Class A-R, Class M-1, Class M-2, Class B-1 and Class B-2 Certificates of its
ChaseFlex Trust Multi-Class Mortgage Pass-Through Certificates, Series 2006-2 on
August 23, 2006.

     This Current Report on Form 8-K is being filed to satisfy an undertaking,
contained in the definitive Prospectus, dated August 17, 2006, as supplemented
by the Prospectus Supplement, dated August 17, 2006 (collectively, the
"Prospectus Supplement"), to file a copy of the Pooling and Servicing Agreement
(as defined below) executed in connection with the issuance of the Certificates,
a form of which was filed as an exhibit to the Registration Statement.

     The Certificates (as defined below) were issued pursuant to a Pooling and
Servicing Agreement, attached hereto as Exhibit 4.1, dated as of August 1, 2006,
among Chase Mortgage Finance Corporation, as depositor, JPMorgan Chase Bank,
N.A., as servicer and custodian, U.S. Bank National Association, as trustee and
JPMorgan Chase Bank, N.A., as paying agent. The "Certificates" consist of the
following classes: Class A-1-A, Class A-1-B, Class A-2-A, Class A-2-B, Class
A-3, Class A-4, Class A-5, Class A-6, Class A-R, Class M-1, Class M-2, Class
B-1, Class B-2 and Class CE. The Certificates evidence all the beneficial
ownership interest in a trust fund (the "Trust Fund") that consists primarily of
a pool of certain fixed and adjustable rate, first lien residential mortgage
loans (the "Mortgage Loans") with an aggregate outstanding principal balance of
approximately $400,004,539 as of August 1, 2006. Capitalized terms used herein
and not otherwise defined shall have the meanings assigned to them in the
Pooling and Servicing Agreement.

     Item 9.01. Financial Statements and Exhibits

     (a)  Not applicable.

     (b)  Not applicable.

     (c)  Not applicable.

     (d)  Exhibits:

          4.1  Pooling and Servicing Agreement, dated as of August 1, 2006,
               among Chase Mortgage Finance Corporation, as Depositor, JPMorgan
               Chase Bank, N.A., as Servicer and Custodian, U.S. Bank National
               Association, as Trustee and JPMorgan Chase Bank, N.A., as Paying
               Agent.

          99.1 Mortgage Loan Sale Agreement, dated as of August 1, 2006, among
               Chase Home Finance LLC, as Seller, and Chase Mortgage Finance
               Corporation, as Purchaser.
SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

                                        CHASE MORTGAGE FINANCE
                                           CORPORATION

                                        By: /s/ Bruce Friedman
                                            ------------------------------------
                                            Name: Bruce Friedman
                                            Title: Senior Vice President

Dated: September 6, 2006
EXHIBIT INDEX

Exhibit No.   Description
-----------   -----------
    4.1       Pooling and Servicing Agreement, dated as of August 1, 2006, among
              Chase Mortgage Finance Corporation, as Depositor, JPMorgan Chase
              Bank, N.A., as Servicer and Custodian, U.S. Bank National
              Association, as Trustee and JPMorgan Chase Bank, N.A., as Paying
              Agent.

   99.1       Mortgage Loan Sale Agreement, dated as of August 1, 2006, among
              Chase Home Finance LLC, as Seller, and Chase Mortgage Finance
              Corporation, as Purchaser.