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:

May 26, 2007 to June 25, 2007

Commission File Number of issuing entity: 333-141145-03

ChaseFlex Trust Series 2007-2

(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))
A1			X
A2			X
AR			X
B1			X
B2			X
B3			X
CE			X
M1			X
M2			X
M3			X
M4			X
M5			X
M6			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 June 25, 2007 a distribution was made to holders of ChaseFlex Trust Series 2007-2.

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 ChaseFlex Trust Series 2007-2, relating to the June 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 3, 2007

EXHIBIT INDEX

Exhibit Number	Description

EX-99.1	Monthly report distributed to holders of ChaseFlex Trust Series 2007-2, relating to the June 25, 2007 distribution.

Page 1 of 16

ChaseFlex Trust Series 2007-2

June 25, 2007

Table of Contents

Certificate Distribution Report	3
Certificate Factor Report	4
Collection Account Principal Funds	6
Collection Account Interest Funds	6
Total Available Funds	6
Delinquent Mortgage Loans	8
Delinquency Trend Group	8
Mortgage Loans in BK FC ans REO	9
BK FC and REO Monthly Trend Report	9
Realized Loss Group Report	10

IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE

CONTACT THE ADMINISTRATOR LISTED BELOW:

Barbara J. Rios

Bank of New York - Structured Finance Services

601 Travis Street, 16^th Floor

Houston, Texas 77002

Tel: (713) 483-6149 / Fax: (713) 483-6627

Email: barbara.rios@bankofny.com

Page 2 of 16

ChaseFlex Trust Series 2007-2

June 25, 2007

Table of Contents


PASS THROUGH RATES	13
Basis Risk Interest Carryover	13
Certificate Interest Shortfall Detail	14
Non Supported Interest Shortfall	14
Deferred Applied Amount Detail	15
Investor Supplemental Reports	16

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

Barbara J. Rios

Bank of New York - Structured Finance Services

601 Travis Street, 16^th Floor

Houston, Texas 77002

Tel: (713) 483-6149 / Fax: (713) 483-6627

Email: barbara.rios@bankofny.com

Page 3 of 16

ChaseFlex Trust Series 2007-2

June 25, 2007

DISTRIBUTION IN DOLLARS

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

A1	510,849,000.00	509,642,768.65	8,968,762.25	2,457,610.68	11,426,372.93	0.00	0.00	500,674,006.40
A2	56,761,000.00	56,626,974.29	996,529.14	275,993.58	1,272,522.72	0.00	0.00	55,630,445.15
M1	8,700,000.00	8,700,000.00	0.00	42,852.33	42,852.33	0.00	0.00	8,700,000.00
M2	3,300,000.00	3,300,000.00	0.00	16,368.00	16,368.00	0.00	0.00	3,300,000.00
M3	2,100,000.00	2,100,000.00	0.00	10,651.08	10,651.08	0.00	0.00	2,100,000.00
M4	2,100,000.00	2,100,000.00	0.00	11,157.42	11,157.42	0.00	0.00	2,100,000.00
M5	2,100,000.00	2,100,000.00	0.00	11,609.50	11,609.50	0.00	0.00	2,100,000.00
M6	2,100,000.00	2,100,000.00	0.00	11,880.75	11,880.75	0.00	0.00	2,100,000.00
B1	2,100,000.00	2,100,000.00	0.00	11,880.75	11,880.75	0.00	0.00	2,100,000.00
B2	2,100,000.00	2,100,000.00	0.00	11,880.75	11,880.75	0.00	0.00	2,100,000.00
B3	3,000,000.00	3,000,000.00	0.00	16,972.50	16,972.50	0.00	0.00	3,000,000.00
AR	100.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TOTALS	595,210,100.00	593,869,742.94	9,965,291.39	2,878,857.34	12,844,148.73	0.00	0.00	583,904,451.55

CLASS	ORIGINAL FACE VALUE	BEGINNING PRINCIPAL BALANCE	PRINCIPAL	INTEREST	TOTAL	REALIZED LOSSES	DEFERRED INTEREST	ENDING PRINCIPAL BALANCE
CE	600,011,458.17	598,669,834.78	0.00	499,015.87	499,015.87	0.00	0.00	588,704,543.22

Page 4 of 16

ChaseFlex Trust Series 2007-2

June 25, 2007

FACTOR INFORMATION PER $1000 OF ORIGINAL FACE

CLASS	CUSIP	BEGINNING PRINCIPAL	PRINCIPAL	INTEREST	TOTAL	ENDING PRINCIPAL	CURRENT PASS-THRU RATE

A1	16165WAA4	997.63877124	17.55658179	4.81083584	22.36741763	980.08218945	5.600000%
A2	16165WAB2	997.63877116	17.55658181	4.86238051	22.41896232	980.08218936	5.660000%
M1	16165WAC0	1,000.00000000	0.00000000	4.92555517	4.92555517	1,000.00000000	5.720000%
M2	16165WAD8	1,000.00000000	0.00000000	4.96000000	4.96000000	1,000.00000000	5.760000%
M3	16165WAE6	1,000.00000000	0.00000000	5.07194286	5.07194286	1,000.00000000	5.890000%
M4	16165WAF3	1,000.00000000	0.00000000	5.31305714	5.31305714	1,000.00000000	6.170000%
M5	16165WAG1	1,000.00000000	0.00000000	5.52833333	5.52833333	1,000.00000000	6.420000%
M6	16165WAH9	1,000.00000000	0.00000000	5.65750000	5.65750000	1,000.00000000	6.570000%
B1	16165WAJ5	1,000.00000000	0.00000000	5.65750000	5.65750000	1,000.00000000	6.570000%
B2	16165WAK2	1,000.00000000	0.00000000	5.65750000	5.65750000	1,000.00000000	6.570000%
B3	16165WAL0	1,000.00000000	0.00000000	5.65750000	5.65750000	1,000.00000000	6.570000%
AR	16165WAM8	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.000000%
TOTALS		997.74809423	16.74247697	4.83670781	21.57918478	981.00561726

CLASS	CUSIP	BEGINNING PRINCIPAL	PRINCIPAL	INTEREST	TOTAL	ENDING PRINCIPAL	CURRENT PASS-THRU RATE
CE	16165WAN6	997.76400372	0.00000000	0.83167723	0.83167723	981.15550162	0.000000%

Page 5 of 16

ChaseFlex Trust Series 2007-2

June 25, 2007

Dates:
Record Date	06/22/07
Determination Date	06/18/07
Distribution Date	06/25/07

Interest Accrual Period
Start Date	May 25, 2007
End Date	June 25, 2007
Number of Days in Accrual Period	31

Page 6 of 16

ChaseFlex Trust Series 2007-2

June 25, 2007

Collection Account Principal Funds
	Aggregate
Scheduled Principal Payment	207,291.57
Principal Prepayment	9,573,116.06
Curtailment	182,065.45
Curtailment Interest Adjustments	2,818.48
Repurchase Principal	0.00
Substitution Amount	0.00
Net Liquidation Proceeds	0.00
Other principal Adjustments	0.00
Non Recoverable Principal Advances	0.00
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Total Principal Remittance Amount	9,965,291.56

Collection Account Interest Funds
	Aggregate
Gross Interest	3,410,423.53
Servicing Fees	127,716.22
Non Recoverable Interest Advances	0.00
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Total Interest Remittance Amount	3,282,707.31

Total Available Funds
	Total
Principal Remittance Amount	9,965,291.56
Interest Remittance Amount	3,282,707.31
Total Remittance Amount	13,247,998.87

Page 7 of 16

ChaseFlex Trust Series 2007-2

June 25, 2007

Pool Detail:

Beginning Number of Loans Outstanding	1,035

Ending Number of Loans Outstanding	1,020

Beginning Aggregate Loan Balance	598,669,834.78

Ending Aggregate Loan Balance	588,704,543.22

Current Advances	0.00

Aggregate Advances	0.00

Weighted Average Remaining Term To Maturity	356

Net Weighted Average Coupon Rate	6.58000%

Page 8 of 16

ChaseFlex Trust Series 2007-2

June 25, 2007

Delinquent Mortgage Loans
Group 1
Category	Number	Principal Balance	Percentage
1 Month	32	17,886,746.06	0.0303832
2 Month	0	0.00	0
3 Month	0	0.00	0
Total	32	17,886,746.06	0.0303832

* Delinquent Bankruptcies and Foreclosures are not included in the table above.

Page 9 of 16

ChaseFlex Trust Series 2007-2

June 25, 2007

Mortgage Loans in BK FC ans REO

	Number of Loans	Principal Balance	Percentage
Bankruptcy	1	245,626.02	0.0411%
Foreclosure	0	0.00	0.0000%
REO	0	0.00	0.0000%

Page 10 of 16

ChaseFlex Trust Series 2007-2

June 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	588,704,543.22	0.00	0.00
TOTAL	0.00	0.00	588,704,543.22	0.00	0.00

Loss Detail:

Current Realized Losses- Reduced by Recoveries	0.00

Cumulative Realized Losses - Reduced by Recoveries	0.00

Current Applied Losses	0.00
Cumulative Applied Losses	0.00

Page 11 of 16

ChaseFlex Trust Series 2007-2

June 25, 2007

Trigger Event	NO
TEST I - Trigger Event Occurrence	NO
(Is Delinquency Percentage > 33.50% of of Senior Enhancement Percentage ?)
Delinquency Percentage	0.04172%
50% of of Senior Enhancement Percentage	2.75181%
OR
TEST II - Trigger Event Occurrence	NO
(Are Cumulative Realized Losses as % of Original Loan Bal > Required Cumulative Loss % ?)
Cumulative Realized Losses as % of Original Loan Bal	0.00000%
Required Cumulative Loss %	0.00000%

O/C Reporting
Targeted Overcollateralization Amount	4,800,091.67
Ending Overcollateralization Amount	4,800,091.67
Ending Overcollateralization Deficiency	0.00
Overcollateralization Release Amount	0.17
Monthly Excess Interest	405,564.19
Payment to Class CE	499,015.87

Page 12 of 16

ChaseFlex Trust Series 2007-2

June 25, 2007

Supplemental Interest Trust Account:

Amounts Received under Yield Maintenance Agreement	0.00

Net Swap Payment Due	0.00
Net Swap Payment Paid	0.00
Net Swap Receipt Due	95,165.74

Beginning Balance	0.00
Additions to the Supplemental Account	95,165.74
Withdrawals from the Supplemental Account	95,165.74
Ending Balance	0.00

Page 13 of 16

ChaseFlex Trust Series 2007-2

June 25, 2007

Available Net Funds Cap to Libor Certificates	6.367744

One-Month LIBOR for Such Distribution Date	5.320000

PASS THROUGH RATES

	LIBOR Certificates Uncapped Pass Through Rate for Current Distribution
Class A1	5.600000
Class A2	5.660000
Class M1	5.720000
Class M2	5.760000
Class M3	5.890000
Class M4	6.170000
Class M5	6.420000
Class M6	6.570000
Class B1	6.570000
Class B2	6.570000
Class B3	6.570000

Basis Risk Interest Carryover

	Interest Carryover Amount Occurred This Period	Interest Carryover Amount Paid This Period	Remaining Interest Carryover Amount
Class A1	0.00	0.00	0.00
Class A2	0.00	0.00	0.00
Class M1	0.00	0.00	0.00
Class M2	0.00	0.00	0.00
Class M3	0.00	0.00	0.00
Class M4	0.00	0.00	0.00
Class M5	94.50	94.50	0.00
Class M6	365.75	365.75	0.00
Class B1	365.75	365.75	0.00
Class B2	365.75	365.75	0.00
Class B3	522.49	522.49	0.00

Page 14 of 16

ChaseFlex Trust Series 2007-2

June 25, 2007


	Certificate Interest Shortfall Detail
	Interest Carryforward Balance with respect to such Distribution Date	Interest Carryforward Amount Paid this distribution	Interest Carryforward Amount Occurred this distribution	Remaining Inter Carryforward Am
Class A1	0.00	0.00	0.00	0.00
Class A2	0.00	0.00	0.00	0.00
Class M1	0.00	0.00	0.00	0.00
Class M2	0.00	0.00	0.00	0.00
Class M3	0.00	0.00	0.00	0.00
Class M4	0.00	0.00	0.00	0.00
Class M5	0.00	0.00	0.00	0.00
Class M6	0.00	0.00	0.00	0.00
Class B1	0.00	0.00	0.00	0.00
Class B2	0.00	0.00	0.00	0.00
Class B3	0.00	0.00	0.00	0.00

	Non Supported Interest Shortfall
	Total Prepayment Interest Shortfalls occurred this distribution	Total Relief Act Shortfalls occurred this distribution
Class A1	0.00	0.00
Class A2	0.00	0.00
Class M1	0.00	0.00
Class M2	0.00	0.00
Class M3	0.00	0.00
Class M4	0.00	0.00
Class M5	0.00	0.00
Class M6	0.00	0.00
Class B1	0.00	0.00
Class B2	0.00	0.00
Class B3	0.00	0.00
Class CE	0.00	0.00

Page 15 of 16

ChaseFlex Trust Series 2007-2

June 25, 2007

	Deferred Applied Amount Detail
	Deferred Amount with respect to such Distribution Date	Deferred Amount Paid this Period	Deferred Amount Occurred this Period	Remaining Deferred Amount
Class M1	0.00	0.00	0.00	0.00
Class M2	0.00	0.00	0.00	0.00
Class M3	0.00	0.00	0.00	0.00
Class M4	0.00	0.00	0.00	0.00
Class M5	0.00	0.00	0.00	0.00
Class M6	0.00	0.00	0.00	0.00
Class B1	0.00	0.00	0.00	0.00
Class B2	0.00	0.00	0.00	0.00
Class B3	0.00	0.00	0.00	0.00

Page 16 of 16

ChaseFlex Trust Series 2007-2

June 25, 2007

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

Material breaches of pool asset representations or warranties or transaction covenants.	NO

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 assets?	NO

ChaseFlex Trust Series 2007-2 10-D