<PAGE>
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: October 25, 1996
----------------
(Date of Earliest Event Reported)
CMC SECURITIES CORPORATION II
------------------------------------------------------
(Exact Name of Registrant as Specified in its Charter)
Delaware 33-56778 75-2473215
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
2711 North Haskell
Suite 900
Dallas, Texas 75204
---------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (214) 874-2323
--------------
<PAGE>
CMC SECURITIES CORPORATION II
FORM 8-K
INDEX
PAGE
----
ITEM NUMBER
Item 5. Other Events..................... 3
Item 7. Financial Statements and Exhibits 3
SIGNATURES.... 3
<PAGE>
ITEM 5. OTHER EVENTS.
------------
Monthly distributions of principal and interest are made with respect to the
outstanding Series of CMC Securities Corporation II's REMIC Pass-Through
Certificates listed below as of the 25th day of each calendar month (each, a
"Distribution Date"). In connection with each Distribution Date for each
outstanding Series, the Trustee receives a report (each, a "Collateral Summary
and Remittance Report") containing certain information regarding remittances on
the collateral underlying the related Certificates. Based on such information,
the Trustee is required to prepare and mail to each Certificateholder of each
outstanding Series on each Distribution Date a statement to certificateholders
(each, a "Statement to Certificateholders") setting forth certain information
regarding the Certificates of such Series as of such Distribution Date. Relevant
information contained in the Collateral Summary and Remittance Report and
Statement to Certificateholders for the OCTOBER 25, 1996 Distribution Date for
each outstanding Series is summarized and included as exhibits to this filing.
Capitalized terms used herein but not otherwise defined have the meanings set
forth in the applicable Pooling Agreement.
SERIES DESIGNATION DISTRIBUTION OF PRINCIPAL AND INTEREST ON SERIES
------------------ ------------------------------------------------
Series 1993-2A $1,746,481.95
Series 1993-2B $1,310,359.81
Series 1993-2C $1,554,244.34
Series 1993-2D $1,575,271.11
Series 1993-2E $2,306,378.12
Series 1993-2F $1,508,530.70
Series 1993-2G $2,137,667.36
Series 1993-2H $1,644,898.48
Series 1993-2I $3,998,326.08
Series 1995-A $4,068,648.30
Series 1996-A $2,040,131.10
Series 1996-B $4,482,902.04
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
---------------------------------
(c) Exhibits
Series Exhibit No. Description
------ ----------- -----------
All 28.1 Collateral Summary and Remittance Report.
All 28.2 Summary of Trustee's Reports to Bondholders.
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 hereunto duly authorized.
CMC SECURITIES CORPORATION II
November 8, 1996 By: s/s Phillip A. Reinsch
--------------------------------------------
Phillip A. Reinsch - Vice President
<PAGE>
EXHIBIT 28.1
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 30-Sep-96
<TABLE>
<CAPTION>
Deal Reference 93-2A 93-2B 93-2C 93-2D
-------------- -------------- --------------- ---------------
<S> <C> <C> <C> <C>
Beginning Security Balance $69,121,412.45 $77,129,660.00 $135,018,897.88 $100,266,998.76
Loans Repurchased - - - -
Scheduled Principal Distribution 64,948.97 73,833.80 140,466.01 493,302.95
Additional Principal Distribution 11,459.45 3,084.01 33,935.06 68,222.49
Liquidations Distribution 1,235,021.11 746,320.10 550,453.41 441,606.78
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- -------------- --------------- ---------------
Ending Security Balance $67,809,982.92 $76,306,422.09 $134,294,043.40 $ 99,263,866.54
============== ============== =============== ===============
Interest Distribution:
Due Certificate Holders $431,070.55 $540,129.44 $827,023.37 $571,467.33
Compensating Interest 3,981.84 - 2,366.49 671.15
Fees:
Trustee Fee (Tx. Com. Bk.) 777.62 964.07 1,687.74 1,253.34
Pool Insurance Premium (PMI Mtg. Ins.) - - - -
Pool Insurance (GE Mort. Ins.) 16,727.38 22,136.29 - 16,142.99
Backup for Pool Insurance (Fin. Sec. Assur.) - - -
Special Hazard Insurance
(Commerce and Industry) 3,283.27 2,307.50 - -
Bond Manager Fee (Capstead) - - 1,687.74 1,462.23
Excess Compensating Interest (Capstead) - - - -
Administrative Fee (Capstead) 1,872.04 (0.08) 5,625.93 3,133.37
Administrative Fee (Other) 1,094.42 - - -
Special Hazard Insurance (Aetna Casualty) - - - -
-------------- -------------- --------------- ---------------
Total Fees 23,754.73 25,407.78 9,001.41 21,991.93
Servicing Fee 23,207.40 24,103.04 35,329.33 28,642.95
Interest on Accelerated Prepayments - - - -
-------------- -------------- --------------- ---------------
Total Interest Distribution $ 482,014.52 $ 589,640.26 $ 873,720.60 $ 622,773.36
============== ============== =============== ===============
Loan Count 252 255 477 378
Weighted Average Pass-Through Rate 7.552838542 7.633151 7.371322442 6.847379342
</TABLE>
Page 1 of 4
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 30-Sep-96
<TABLE>
<CAPTION>
Deal Reference 93-2E.A 93-2E.B 93-2F 93-2G
-------------- --------------- -------------- ---------------
<S> <C> <C> <C> <C>
Beginning Security Balance $64,317,581.46 $156,427,800.42 $88,394,066.00 $192,936,370.96
Loans Repurchased - - - -
Scheduled Principal Distribution 304,186.81 157,305.53 87,174.95 202,285.03
Additional Principal Distribution 19,735.36 40,874.61 6,958.53 72,200.28
Liquidations Distribution - 494,891.39 862,028.90 706,274.47
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- --------------- -------------- ---------------
Ending Security Balance $63,993,659.29 $155,734,728.89 $87,437,903.62 $191,955,611.18
============== =============== ============== ===============
Interest Distribution:
Due Certificate Holders $ 360,343.59 $ 928,112.87 $ 611,228.44 $ 1,155,459.65
Compensating Interest - 927.98 - 1,447.93
Fees:
Trustee Fee (Tx. Com. Bk.) 696.77 1,694.63 1,104.88 2,170.53
Pool Insurance Premium (PMI Mtg. Ins.) 14,149.87 34,414.12 25,369.08 -
Pool Insurance (GE Mort. Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance
(Commerce and Industr - - - -
Bond Manager Fee (Capstead) 803.97 1,955.35 - 2,411.70
Excess Compensating Interest (Capstead) - - - -
Administrative Fee (Capstead) 2,277.90 5,540.23 0.02 8,039.23
Administrative Fee (Other) - - - -
Special Hazard Insurance (Aetna Casualty) - - 2,644.42 -
Total Fees 17,928.51 43,604.33 29,118.40 12,621.46
-------------- --------------- -------------- ---------------
Servicing Fee 18,360.84 41,872.43 28,011.73 48,667.21
Interest on Accelerated Prepayments - - - -
-------------- --------------- -------------- ---------------
Total Interest Distribution $ 396,632.94 $ 1,014,517.61 $ 668,358.57 $ 1,218,196.25
============== =============== ============== ===============
Loan Count 241 520 298 676
Weighted Average Pass-Through Rate 6.723080971 7.12692384 6.847379 7.19558002
</TABLE>
Page 2 of 4
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 30-Sep-96
<TABLE>
<CAPTION>
Deal Reference 93-2H.1 93-2H.2 93-2I 93-2I.1
-------------- -------------- -------------- --------------
<S> <C> <C> <C> <C>
Beginning Security Balance $38,677,123.00 $79,219,322.73 $52,234,947.29 $55,129,610.81
Loans Repurchased - - - -
Scheduled Principal Distribution 38,398.05 71,520.15 53,930.64 49,784.29
Additional Principal Distribution 5,248.82 10,826.42 2,496.86 4,349.88
Liquidations Distribution - 783,716.62 916,482.05 1,057,542.50
Accelerated Prepayments - - - -
Adjustments (Cash) - - (241.16) -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- -------------- -------------- --------------
Ending Security Balance $38,633,476.13 $78,353,259.54 $51,262,278.90 $54,017,934.14
============== ============== ============== ==============
Interest Distribution:
Due Certificate Holders $ 267,164.28 $ 495,887.63 $ 328,292.90 $ 340,513.62
Compensating Interest - - - -
Fees:
Trustee Fee (Tx. Com. Bk.) 483.50 990.23 652.91 689.12
Pool Insurance Premium (PMI Mtg. Ins.) - - -
Pool Insurance (GE Mort. Ins.) 11,100.35 23,290.47 14,852.11 16,208.11
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Commerce and Industr - - - -
Bond Manager Fee (Capstead) - - - -
Excess Compensating Interest (Capstead) - 1,529.70 0.09 3,709.51
Administrative Fee (Capstead) 385.79 3,300.68 389.27 2,297.07
Administrative Fee (Other) - - - -
Special Hazard Insurance (Aetna Casualty) 1,157.12 2,053.10 1,562.67 1,428.78
-------------- -------------- -------------- --------------
Total Fees 13,126.76 31,164.18 17,457.05 24,332.59
Servicing Fee 12,771.78 24,755.99 16,323.43 17,228.04
Interest on Accelerated Prepayments - - - -
-------------- -------------- -------------- --------------
Total Interest Distribution $ 293,062.82 $ 551,807.80 $ 362,073.38 $ 382,074.25
============== ============== ============== ==============
Loan Count 126 279 194 21
Weighted Average Pass-Through Rate 7.503059 7.511616301 7.535318 7.41192143
</TABLE>
Page 3 of 4
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 30-Sep-96
<TABLE>
<CAPTION>
Deal Reference 93-2I.2 1995-A 1996-A 1996-B
--------------- --------------- -------------- ---------------
<S> <C> <C> <C> <C>
Beginning Security Balance $60,627,786.25 $128,712,049.94 $90,532,742.90 $190,255,207.93
Loans Repurchased - - - -
Scheduled Principal Distribution 51,947.62 103,636.32 82,156.21 165,652.74
Additional Principal Distribution 6,302.59 81,050.89 69,840.83 25,391.62
Liquidations Distribution 813,531.51 3,093,187.92 1,328,025.49 3,114,580.38
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - 1,730.40
--------------- --------------- -------------- ---------------
Ending Security Balance $59,756,004.53 $125,434,174.81 $89,052,720.37 $186,947,852.79
=============== =============== ============== ===============
Interest Distribution:
Due Certificate Holders $ 379,394.61 $ 790,773.17 $ 560,108.44 $ 1,175,546.88
Compensating Interest - - - -
Fees:
Trustee Fee (Tx. Com. Bk.) 757.84 1,072.60 1,131.66 2,378.19
Pool Insurance Premium (PMI Mtg. Ins.) 17,496.16 - - 51,416.47
Pool Insurance (GE Mort. Ins.) - 48,267.02 26,073.43 -
Backup for Pool Insurance (Fin. Sec. Assur.) 2,837.21 - - 4,398.31
Special Hazard Insurance
(Commerce and Industr - - - -
Bond Manager Fee (Capstead) - - - -
Excess Compensating Interest (Capstead) 2,986.17 8,218.69 4,500.20 10,720.38
Administrative Fee (Capstead) 2,526.08 3,558.80 3,772.09 7,927.30
Administrative Fee (Other) - - - -
Special Hazard Insurance (Aetna Casualty) 1,813.78 2,949.65 2,074.71 5,501.55
--------------- --------------- -------------- ---------------
Total Fees 28,417.24 64,066.76 37,552.09 82,342.20
Servicing Fee 18,946.19 40,222.60 25,264.04 55,295.59
Interest on Accelerated Prepayments - - - -
--------------- --------------- -------------- ---------------
Total Interest Distribution $ 426,758.04 $ 895,062.53 $ 622,924.57 $ 1,313,184.67
=============== =============== ============== ===============
Loan Count 231 546 313 621
Weighted Average Pass-Through Rate 7.509321388 7.372486138 7.42416618 7.414547
</TABLE>
Page 4 of 4
<PAGE>
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS SEPTEMBER 1996 DISTRIBUTION
Series Cusip NumberCoupon Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Per Class Per $1,000 Per $1,000 Per Class Class Factor
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2A
- --------
A 125714AC9 7.25 34,791,000.00 0.000243694 0.015559214 $861,991.35 1.27 0.024776274
D 125714AD7 7.25 8,535,000.00 0.001150371 0.073448179 998,238.24 1.47 0.1169582
E 125714AE5 7.25 28,652,000.00 0.006041667 0 28,652,000.00 42.25 1
F 125714AG0 7.25 10,692,000.00 0.006041667 0 10,692,000.00 15.77 1
G 125714AH8 7.25 16,410,000.00 0.006041667 0 16,410,000.00 24.20 1
H 125714AJ4 7.25 3,006,000.00 0.006041667 0 3,006,000.00 4.43 1
I 125714AF2 7.25 12,057,000.00 0.002010134 0.010877486 3,880,357.29 5.72 0.321834394
J 125714AK1 7.25 2,901,000.00 0.006041668 0 2,901,000.00 4.28 1
KPO 125714AM7 0 772,949.00 0 0.015626982 408,267.22 0.60 0.528194253
LIO 125714AN5 0.00 0.000133604 0 -
R 125714AL9 7.25 128.00 0.006015625 0 128.00 0.00 1
---------------------
$67,809,982.10
====================
1993-2B
- --------
2B-A 125714AP0 189,529,000.00 0.002570171 0.004343599 $76,306,426.66 100.00 0.402610823
====================
1993-2C
- --------
A-2 125714BB0 6.5 27,680,000.00 0.001833458 0.006594767 $9,186,707.18 6.84 0.33188971
A-3 125714BC8 10,312,000.00 0.002738952 0.006594761 3,422,447.30 2.55 0.331889769
A-4 125714BD6 33,521,000.00 0.004322031 0.013708323 23,125,743.50 17.22 0.689888234
A-5 000005CQR 84,357,000.00 0.006142768 0 84,357,000.00 62.82 1
A-R 125714AZ8 1,000.00 0.00614 0 1,000.00 0.00 1
B-1 000007CQR 5,694,392.00 0.005952363 0.001008101 5,512,145.08 4.10 0.967995368
B-2 000008CQR 3,623,203.00 0.005952363 0.001008097 3,507,243.81 2.61 0.967995393
B-3 000009CQR 2,588,003.00 0.005952366 0.001008098 2,505,174.98 1.87 0.967995393
B-4 000010CQR 1,345,761.00 0.005952365 0.001008099 1,302,690.43 0.97 0.96799538
B-5 000011CQR 621,120.00 0.00595236 0.001008098 601,241.29 0.45 0.967995379
B-6 000012CQR 1,138,722.00 0.004172362 0.000706634 772,650.52 0.58 0.678524276
$134,294,044.09
====================
</TABLE>
Page 1 of 4
<PAGE>
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS SEPTEMBER 1996 DISTRIBUTION
Series Cusip NumberCoupon Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Per Class Per $1,000 Per $1,000 Per Class Class Factor
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2D
- --------
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.002240097 0.009433467 $10,250,592.92 10.33 0.383142443
B 125714AT2 39,792,000.00 0.004480179 0.01886685 30,491,908.06 30.72 0.76628237
C 125714AU9 29,251,000.00 0.005706149 0 29,251,000.00 29.47 1
D 125714AV7 17,072,000.00 0.005706149 0 17,072,000.00 17.20 1
E 125714AW5 1,897,000.00 0.005706147 0 1,897,000.00 1.91 1
F 125714AX3 10,300,365.00 0.005706149 0 10,300,365.00 10.38 1
R 125714AY1 1,000.00 0.00571 0 1,000.00 0.00 1
---------------------
$99,263,865.98
====================
1993-2E
- --------
15A 125714BE4 6.75 86,454,000.00 0.00368638 0.003301513 $56,372,759.97 12.80 0.652054965
15B 125714BF1 6.75 9,494,478.45 0.003686381 0.003301513 6,190,921.80 1.41 0.652054995
15CPO 125714BG9 0 1,972,695.84 0 0.003614789 1,426,811.01 0.32 0.72327972
15DIO 125714BH7 5,911.86 1.121564614 0.002731732 3,166.58
30A 125714BT1 29,444,000.00 -
30B 125714BL8 5.5 9,738,000.00 0.003887868 0.06491636 7,628,221.74 1.88 0.848262195
30CIO 125714BM6 1.5 0.00 0.001060328 0 -
30D 125714BU8 7 922,000.00 0.0049482 0.064916356 722,244.87 0.16 0.783345846
30E 125714BV6 7 29,092,000.00 0.005833333 0 29,092,000.00 6.61 1
30F 125714BW4 7 11,747,000.00 0.005833334 0 11,747,000.00 2.67 1
30G 125714BX2 7 24,409,000.00 0.005833333 0 24,409,000.00 5.54 1
30H 125714BY0 7 21,450,000.00 0.005833333 0 21,450,000.00 4.87 1
30I 125714BZ7 7 13,542,000.00 0.005833333 0 13,542,000.00 3.08 1
30J 125714CA1 40,256,000.00 0.003903278 0 32,403,578.22 7.36 0.804937853
30K 125714CB9 17,252,571.43 0.006544145 0 13,887,247.79 3.15 0.804937872
30NIO 125714BR5 0.00 9.79E-05 0 - 49.95 1
30PPO 125714BS3 0 1,089,658.82 0 0.000975314 853,435.68 0.19 0.783213537
---------------------
$219,728,387.66
====================
1993-2F
- --------
A 125714BJ3 222,866,000.00 0.002478477 0.0042903 $87,437,903.65 100.00 0.392333975
====================
</TABLE>
Page 2 of 4
<PAGE>
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS SEPTEMBER 1996 DISTRIBUTION
Series Cusip NumberCoupon Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Per Class Per $1,000 Per $1,000 Per Class Class Factor
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2G
- --------
2G-A1 125714CR4 59,032,000.00 0.00376879 0.009441987 $36,545,265.37 19.04 0.619075508
2G-A2 125714CS2 27,342,000.00 0.002913152 0.003597435 13,185,024.79 6.87 0.482226055
2G-A3 125714CT0 25,200,000.00 0.001647518 0.012110844 8,145,364.36 4.24 0.323228744
2G-A4 125714CU7 15,000,000.00 0.005662983 0 15,000,000.00 7.81 1
2G-A5 125714A#2 100,190,000.00 0.005996317 0 100,190,000.00 52.19 1
2G-B1 125714A@4 4,936,000.00 0.005814939 0.00101674 4,781,675.98 2.49 0.968735004
2G-B2 125714B#1 3,701,000.00 0.005814939 0.001016741 3,585,288.25 1.87 0.968735004
2G-B3 125714B*5 1,481,000.00 0.005814936 0.001016739 1,434,696.55 0.75 0.96873501
2G-B4 125714B@3 740,000.00 0.005814932 0.001016743 716,863.91 0.37 0.968735014
2G-B5 125714C#0 1,481,547.00 0.004861446 0.00085001 1,199,887.47 0.63 0.809888225
2G-M 125714A*6 7,403,000.00 0.005814939 0.001016741 7,171,545.17 3.74 0.968734995
2GA3IO 125714CP8 0.00 0.000363285 0 -
2GA4IO 125714CQ6 0.00 0.000333333 0 -
---------------------
$191,955,611.85
====================
1993-2H
- --------
2H-A1 125714CG8 180,386,000.00 0.002327491 0.002879999 $66,808,048.24 57.11 0.370361604
2H-A2 125714CH6 125,000,000.00 0.002522733 0.003121588 50,178,688.24 42.89 0.401429506
2H-A3 125714CJ2 10,485,000.00 -
---------------------
$116,986,736.48
====================
1993-2I
- --------
2I-3IO 125714CL7 0.00 0.000176107 0 $ -
2I-A1 125714CE3 237,519,000.00 0.002958098 0.007765484 111,018,283.19 67.27 0.46740801
2I-A2 125714CD5 130,435,853.00 0.002427431 0.008522785 54,017,934.01 32.73 0.414134096
---------------------
$165,036,217.20
====================
1995-A
- --------
A1 125714CV5 82,117,691.00 0.004576335 0.022784414 $58,759,819.18 46.85 0.715556154
A2 125714CW3 94,373,113.00 0.00439717 0.014907548 66,674,354.60 53.15 0.706497354
R 125714CX1 100.00 -
---------------------
$125,434,173.78
====================
</TABLE>
Page 3 of 4
<PAGE>
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS SEPTEMBER 1996 DISTRIBUTION
Series Cusip NumberCoupon Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Per Class Per $1,000 Per $1,000 Per Class Class Factor
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1996-A
- --------
A 125714CY9 115,119,031.00 0.004865473 0.012856454 $89,052,719.50 100.00 0.773570788
R 125714CZ6 100.00 0 0 100.00 0.00 1
---------------------
$89,052,819.50
====================
1996-B
- --------
A1 125714DA0 0 41,914,009.00 0.005552683 0.017928944 $36,309,301.20 19.42 0.866280799
A2 125714DB8 0 165,576,246.00 0.005694124 0.01543628 150,638,550.62 80.58 0.909783585
R 125714DC6 100.00 -
---------------------
$186,947,851.82
====================
</TABLE>
Page 4 of 4
