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<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: November 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 NOVEMBER 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.
<TABLE>
<CAPTION>
SERIES DESIGNATION DISTRIBUTION OF PRINCIPAL AND INTEREST ON SERIES
------------------ ------------------------------------------------
<S> <C>
Series 1993-2A $1,569,414.66
Series 1993-2B $4,662,923.38
Series 1993-2C $1,249,204.05
Series 1993-2D $1,927,221.04
Series 1993-2E $3,093,950.42
Series 1993-2F $2,361,993.58
Series 1993-2G $2,931,492.36
Series 1993-2H $1,694,230.90
Series 1993-2I $2,736,257.77
Series 1995-A $3,620,540.70
Series 1996-A $1,566,714.97
Series 1996-B $5,120,947.67
Series 1996-C $12,140,150.14
</TABLE>
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
December 12, 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: 31-Oct-96
<TABLE>
<CAPTION>
Deal Reference 93-2A 93-2B 93-2C 93-2D
--------------- --------------- ---------------- ---------------
<S> <C> <C> <C> <C>
Beginning Security Balance $67,809,982.92 $76,306,422.00 $134,294,043.40 $99,263,866.54
Loans Repurchased - - - -
Scheduled Principal Distribution 64,363.87 69,475.21 141,040.02 494,757.55
Additional Principal Distribution 14,161.12 4,369.68 72,018.38 55,682.54
Liquidations Distribution 1,064,063.10 4,116,956.70 211,277.62 810,303.31
Accelerated Prepayments - - - -
Adjustments (Cash) - - 74,227.08 -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
--------------- --------------- ---------------- ---------------
Ending Security Balance $66,667,394.83 $72,115,620.41 $133,795,480.30 $97,903,123.14
Interest Distribution:
Due Certificate Holders $ 423,190.83 $ 539,032.34 $ 823,741.17 $ 565,173.45
Compensating Interest 3,635.72 - 1,126.86 1,304.19
Fees:
Trustee Fee (Tx. Com. Bk.) 762.86 902.35 1,678.68 1,240.80
Pool Insurance Premium (PMI Mtg. Ins.) - - - -
Pool Insurance (GE Mort. Ins.) 16,410.02 20,718.39 - 15,981.48
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - -
Special Hazard Insurance (Commerce and Industry) 3,220.97 2,159.59 - -
Bond Manager Fee (Capstead) 1,073.66 - 1,678.68 1,447.60
Excess Compensating Interest (Capstead) - - - -
Administrative Fee (Capstead) 1,836.62 1,356.25 5,595.75 3,102.03
Administrative Fee (Other) - - - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) - - - -
--------------- --------------- ---------------- ---------------
Total Fees 23,304.13 25,136.58 8,953.11 21,771.91
Servicing Fee 22,925.16 23,845.72 35,125.18 28,396.33
Interest on Accelerated Prepayments - - - -
--------------- --------------- ---------------- ---------------
Total Interest Distribution $ 473,055.84 $ 588,014.64 $ 868,946.32 $ 616,645.88
=============== ============== ================ ==============
Loan Count 247 252 475 376
Weighted Average Pass-Through Rate 7.553340053 7.70656 7.370703949 6.848143153
</TABLE>
Page 1 of 5
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-Oct-96
<TABLE>
<CAPTION>
Deal Reference 93-2E.A 93-2E.B 93-2F 93-2G
--------------- ---------------- --------------- ----------------
<S> <C> <C> <C> <C>
Beginning Security Balance $63,993,659.29 $155,734,728.89 $87,437,904.00 $191,955,611.18
Loans Repurchased - - - -
Scheduled Principal Distribution 306,184.83 158,099.88 85,205.60 203,493.03
Additional Principal Distribution 17,765.73 39,497.23 10,606.21 280,822.89
Liquidations Distribution 504,490.32 784,520.10 1,721,558.60 1,296,172.59
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
--------------- ---------------- --------------- ----------------
Ending Security Balance $63,165,218.41 $154,752,611.68 $85,620,533.59 $190,175,122.67
Interest Distribution:
Due Certificate Holders $ 355,794.78 $924,634.28 $ 603,733.58 $ 1,146,069.43
Compensating Interest 2,733.20 230.08 - 4,934.42
Fees:
Trustee Fee (Tx. Com. Bk.) 693.26 1,687.13 1,071.46 2,159.50
Pool Insurance Premium (PMI Mtg. Ins.) 14,078.61 34,261.64 24,600.66 -
Pool Insurance (GE Mort. Ins.) - - - -
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Commerce and Industry) - - 2,564.44 -
Bond Manager Fee (Capstead) 799.92 1,946.68 - 2,399.45
Excess Compensating Interest (Capstead) - - - -
Administrative Fee (Capstead) 2,266.47 5,515.79 566.95 7,998.34
Administrative Fee (Other) - - - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) - - - -
--------------- ---------------- --------------- ----------------
Total Fees 17,838.26 43,411.24 28,803.51 12,557.29
Servicing Fee 18,268.51 41,687.38 27,712.56 48,436.49
Interest on Accelerated Prepayments - - - -
--------------- ---------------- --------------- ----------------
Total Interest Distribution $ 394,634.75 $ 1,009,962.98 $ 660,249.65 $ 1,211,997.63
--------------- ---------------- --------------- ----------------
Loan Count 241 518 295 673
Weighted Average Pass-Through Rate 6.723065703 7.12645946 7.51002 7.195437588
</TABLE>
Page 2 of 5
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-Oct-96
<TABLE>
<CAPTION>
Deal Reference 93-2H.1 93-2H.2 93-2I 93-2I.1
--------------- --------------- --------------- ---------------
<S> <C> <C> <C> <C>
Beginning Security Balance $38,633,477.00 $78,353,259.54 $51,262,278.90 $54,017,934.14
Loans Repurchased - - - -
Scheduled Principal Distribution 38,461.74 71,511.82 51,441.74 47,332.85
Additional Principal Distribution 7,185.37 12,385.64 4,568.82 3,071.19
Liquidations Distribution 285,844.60 551,180.36 - 396,532.15
Accelerated Prepayments - - - -
Adjustments (Cash) - - 100.72 -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
--------------- --------------- --------------- ---------------
Ending Security Balance $38,301,985.29 $77,718,181.72 $51,206,167.62 $53,570,997.95
=============== =============== =============== ===============
Interest Distribution:
Due Certificate Holders $ 266,863.41 $ 489,537.17 $ 327,502.57 $ 340,441.30
Compensating Interest - - - -
Fees:
Trustee Fee (Tx. Com. Bk.) 479.32 979.41 640.74 675.23
Pool Insurance Premium (PMI Mtg. Ins.) - - - -
Pool Insurance (GE Mort. Ins.) 11,005.75 23,035.86 14,575.56 15,881.27
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Commerce and Industry) - - - -
Bond Manager Fee (Capstead) - - - -
Excess Compensating Interest (Capstead) - 1,475.82 - 2,365.93
Administrative Fee (Capstead) 479.56 3,264.62 367.38 2,250.69
Administrative Fee (Other) - - - -
Excess-Fees - - 4.97 -
Special Hazard Insurance (Aetna Casualty) 1,147.27 2,030.66 1,533.55 1,399.96
Total Fees 13,111.90 30,786.37 17,122.20 22,573.08
Servicing Fee 12,757.53 24,485.50 16,019.46 16,880.61
Interest on Accelerated Prepayments - - - -
--------------- --------------- --------------- ---------------
Total Interest Distribution $ 292,732.84 $ 544,809.04 $ 360,644.23 $ 379,894.99
--------------- --------------- --------------- ---------------
Loan Count 126 276 194 208
Weighted Average Pass-Through Rate 7.493477 7.497385654 7.635813 7.562850496
</TABLE>
Page 3 of 5
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-Oct-96
<TABLE>
<CAPTION>
Deal Reference 93-2I.2 1995-A 1996-A 1996-B
--------------- ---------------- --------------- ---------------
<S> <C> <C> <C> <C>
Beginning Security Balance $59,756,004.53 $125,434,174.81 $89,052,720.37 $186,947,852.79
Loans Repurchased - - - -
Scheduled Principal Distribution 51,078.91 102,717.64 80,876.25 162,863.99
Additional Principal Distribution 3,048.57 135,822.37 14,586.06 8,148.41
Liquidations Distribution 1,136,427.89 2,605,426.87 919,955.14 3,789,532.18
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
--------------- ---------------- --------------- ---------------
Ending Security Balance $58,565,449.16 $122,590,207.93 $88,037,302.92 $182,987,308.21
=============== ================ =============== ===============
Interest Distribution:
Due Certificate Holders $ 377,462.05 $ 776,573.83 $ 551,297.51 $ 1,160,403.04
Compensating Interest - - - -
Fees:
Trustee Fee (Tx. Com. Bk.) 746.95 1,045.29 1,113.16 2,336.85
Pool Insurance Premium (PMI Mtg. Ins.) 17,244.59 - - 50,522.66
Pool Insurance (GE Mort. Ins.) - 47,037.81 25,647.18 -
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) 2,777.06 - - 4,336.96
Special Hazard Insurance (Commerce and Industry) - - - -
Bond Manager Fee (Capstead) - - - -
Excess Compensating Interest (Capstead) 2,383.34 4,452.98 4,052.35 7,790.66
Administrative Fee (Capstead) 2,489.75 3,456.70 3,710.50 7,789.35
Administrative Fee (Other) - - - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) 1,787.70 2,874.53 2,040.79 5,405.91
--------------- ---------------- --------------- ---------------
Total Fees 27,429.39 58,867.31 36,563.98 78,182.39
Servicing Fee 18,673.69 39,198.16 24,839.60 54,361.91
Interest on Accelerated Prepayments - - - -
--------------- ---------------- --------------- ---------------
Total Interest Distribution $ 423,565.13 $ 874,639.30 $ 612,701.09 $ 1,292,947.34
=============== ================ =============== ===============
Loan Count 228 532 308 609
Weighted Average Pass-Through Rate 7.58006603 7.429303835 7.428824288 7.448514
</TABLE>
Page 4 of 5
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-Oct-96
<TABLE>
<CAPTION>
Deal Reference 1996-C.1 1996-C.2
---------------- ----------------
<S> <C> <C>
Beginning Security Balance $130,466,769.27 $136,339,493.15
Loans Repurchased - -
Scheduled Principal Distribution 101,076.80 125,897.92
Additional Principal Distribution 23,670.84 39,369.15
Liquidations Distribution 4,689,390.78 5,761,305.55
Accelerated Prepayments - -
Adjustments (Cash) - -
Losses/Foreclosures - -
Special Hazard Account - -
---------------- ----------------
Ending Security Balance $125,652,630.85 $130,412,920.53
================ ================
Interest Distribution:
Due Certificate Holders $ 816,403.93 $ 803,562.52
Compensating Interest - 1,376.66
Fees:
Trustee Fee (Tx. Com. Bk.) 1,300.15 1,136.16
Pool Insurance Premium (PMI Mtg. Ins.) - -
Pool Insurance (GE Mort. Ins.) 14,718.27 -
Pool Insurance (United Guaranty Ins.) 29,562.22 -
Backup for Pool Insurance (Fin. Sec. Assur.) - -
Special Hazard Insurance (Commerce and Industry) - -
Bond Manager Fee (Capstead) - -
Excess Compensating Interest (Capstead) 12,339.52 -
Administrative Fee (Capstead) 5,798.96 2,840.37
Administrative Fee (Other) - -
Excess-Fees - -
Special Hazard Insurance (Aetna Casualty) 3,466.04 -
---------------- ----------------
Total Fees 67,185.16 3,976.53
Servicing Fee 40,771.00 36,946.93
Interest on Accelerated Prepayments - -
---------------- ----------------
Total Interest Distribution $ 924,360.09 $ 845,862.64
================ ================
Loan Count 523 483
Weighted Average Pass-Through Rate 7.509075 7.084719
</TABLE>
Page 5 of 5
<PAGE>
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS NOVEMBER 1996 DISTRIBUTION
Series Cusip Number Coupon Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Per Class Per $1,000 Per $1,000 Per Class Class Factor
- -----------------------------------------------------------------------------------------------------------------------------
1993-2A
- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 125714AC9 7.25 34,791,000.00 0.00014969 0.013596386 $ 388,959.48 0.58 0.011179888
D 125714AD7 7.25 8,535,000.00 0.000706622 0.064182535 450,440.30 0.68 0.052775665
E 125714AE5 7.25 28,652,000.00 0.006041667 0 28,652,000.00 42.98 1
F 125714AG0 7.25 10,692,000.00 0.006041667 0 10,692,000.00 16.04 1
G 125714AH8 7.25 16,410,000.00 0.006041667 0 16,410,000.00 24.61 1
H 125714AJ4 7.25 3,006,000.00 0.006041667 0 3,006,000.00 4.51 1
I 125714AF2 7.25 12,057,000.00 0.001944417 0.009477052 3,766,092.47 5.65 0.312357342
J 125714AK1 7.25 2,901,000.00 0.006041668 0 2,901,000.00 4.35 1
KPO 125714AM7 0 772,949.00 0 0.009694637 400,773.76 0.60 0.518499616
LIO 125714AN5 0.00 0.000131093 0 -
R 125714AL9 7.25 128.00 0.006015625 0 128.00 0.00 1
---------------
$ 66,667,394.01
===============
1993-2B
- -------
2B-A 125714AP0 189,529,000.00 0.002491025 0.022111666 $ 72,115,624.70 100.00 0.380499157
===============
1993-2C
- -------
A-2 125714BB0 6.5 27,680,000.00 0.001797736 0.003802524 $ 9,081,453.32 6.79 0.328087186
A-3 125714BC8 10,312,000.00 0.002684958 0.003802521 3,383,235.70 2.53 0.328087248
A-4 125714BD6 33,521,000.00 0.004237469 0.007904181 22,860,787.45 17.09 0.681984053
A-5 000005CQR 84,357,000.00 0.006142253 0 84,357,000.00 63.05 1
A-R 125714AZ8 1,000.00 0.00614 0 1,000.00 0.00 1
B-1 000007CQR 5,694,392.00 0.005945673 0.001016621 5,506,356.04 4.12 0.966978747
B-2 000008CQR 3,623,203.00 0.005945673 0.00101662 3,503,560.39 2.62 0.966978773
B-3 000009CQR 2,588,003.00 0.005945673 0.001016622 2,502,543.96 1.87 0.966978771
B-4 000010CQR 1,345,761.00 0.005945669 0.001016622 1,301,322.30 0.97 0.966978758
B-5 000011CQR 621,120.00 0.005945679 0.001016615 600,609.85 0.45 0.966978764
B-6 000012CQR 1,138,722.00 0.004167672 0.000712597 697,611.99 0.52 0.612627129
---------------
$133,795,481.00
===============
Page 1 of 4
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS NOVEMBER 1996 DISTRIBUTION
Series Cusip Number Coupon Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Per Class Per $1,000 Per $1,000 Per Class Class Factor
- -----------------------------------------------------------------------------------------------------------------------------
1993-2D
- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 125714AR6 50,026,000.00 $ -
AB 125714AS4 26,754,000.00 0.002186512 0.012796441 9,908,236.95 10.12 0.370346003
B 125714AT2 39,792,000.00 0.004373009 0.025592767 29,473,520.69 30.10 0.740689603
C 125714AU9 29,251,000.00 0.005706786 0 29,251,000.00 29.88 1
D 125714AV7 17,072,000.00 0.005706786 0 17,072,000.00 17.44 1
E 125714AW5 1,897,000.00 0.005706784 0 1,897,000.00 1.94 1
F 125714AX3 10,300,365.00 0.005706786 0 10,300,365.00 10.52 1
R 125714AY1 1,000.00 0.00571 0 1,000.00 0.00 1
---------------
$ 97,903,122.64
===============
1993-2E
- -------
15A 125714BE4 6.75 86,454,000.00 0.003667809 0.008559005 $ 55,632,799.75 25.43 0.64349596
15B 125714BF1 6.75 9,494,478.45 0.00366781 0.008559006 6,109,658.51 2.79 0.643495989
15CPO 125714BG9 0 1,972,695.84 0 0.00360791 1,419,693.70 0.65 0.71967181
15DIO 125714BH7 5,911.86 1.115872801 0.016931664 3,066.48
30A 125714BT1 29,444,000.00 -
30B 125714BL8 5.5 9,738,000.00 0.00.5903348 0.090678096 6,745,198.44 3.10 0.692667739
30CIO 125714BM6 1.5 0.00 0.000979183 0 -
30D 125714BU8 7 922,000.00 0.004569523 0.090678102 638,639.66 0.29 0.692667744
30E 125714BV6 7 29,092,000.00 0.005833333 0 29,092,000.00 13.30 1
30F 125714BW4 7 11,747,000.00 0.005833334 0 11,747,000.00 5.37 1
30G 125714BX2 7 24,409,000.00 0.005833333 0 24,409,000.00 11.16 1
30H 125714BY0 7 21,450,000.00 0.005833333 0 21,450,000.00 9.80 1
30I 125714BZ7 7 13,542,000.00 0.005833333 0 13,542,000.00 6.19 1
30J 125714CA1 40,256,000.00 0.003916693 0 32,403,578.22 14.81 0.804937853
30K 125714CB9 17,252,571.43 0.006512618 0 13,887,247.79 6.35 0.804937872
30NIO 125714BR5 0.00 9.73E-05 0 -
30PPO 125714BS3 0 1,089,658.82 0 0.014214374 837,946.86 0.38 0.768999164
---------------
$217,917,829.41
===============
Page 2 of 4
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS NOVEMBER 1996 DISTRIBUTION
Series Cusip Number Coupon Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Per Class Per $1,000 Per $1,000 Per Class Class Factor
- -----------------------------------------------------------------------------------------------------------------------------
1993-2F
- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 125714BJ3 222,866,000.00 0.002443725 0.008154542 $ 85,620,533.58 100.00 0.384179433
===============
1993-2G
- -------
2G-A1 125714CR4 59,032,000.00 0.0037121 0.01729804 $ 35,524,127.45 18.68 0.601777467
2G-A2 125714CS2 27,342,000.00 0.002891523 0.006590623 13,004,823.98 6.84 0.475635432
2G-A3 125714CT0 25,200,000.00 0.001587979 0.022187479 7,586,239.90 3.99 0.301041266
2G-A4 125714CU7 15,000,000.00 0.005662865 0 15,000,000.00 7.89 1
2G-A5 125714A#2 100,190,000.00 0.005996198 0 100,190,000.00 52.68 1
2G-B1 125714A@4 4,936,000.00 0.005808728 0.001026959 4,776,606.91 2.51 0.967708045
2G-B2 125714B#1 3,701,000.00 0.005808727 0.00102696 3,581,487.47 1.88 0.967708044
2G-B3 125714B*5 1,481,000.00 0.005808731 0.001026962 1,433,175.62 0.75 0.967708049
2G-B4 125714B@3 740,000.00 0.00580873 0.00102696 716,103.96 0.38 0.967708054
2G-B5 125714C#0 1,481,547.00 0.004856248 0.000858515 1,198,615.54 0.63 0.80902971
2G-M 125714A*6 7,403,000.00 0.005808728 0.001026959 7,163,942.59 3.77 0.967708036
2GA3IO 125714CP8 0.00 0.000350164 0 -
2GA4IO 125714CQ6 0.00 0.000333333 0 -
---------------
$190,175,123.42
===============
1993-2H
- -------
2H-A1 125714CG8 180,386,000.00 0.00230366 0.003060009 $ 66,256,065.54 57.11 0.367301595
2H-A2 125714CH6 125,000,000.00 0.002496903 0.003316698 49,764,100.95 42.89 0.398112808
---------------
2H-A3 125714CJ2 10,485,000.00 $116,020,166.49
===============
1993-2I
- -------
2I-3IO 125714CL7 0.00 0.000172556 0 $ - 44.40
2I-A1 125714CE3 237,519,000.00 0.002960243 0.005248701 109,771,616.93 37.37 0.462159309
2I-A2 125714CD5 130,435,853.00 0.00243057 0.003426482 53,570,997.97 18.24 0.410707614
---------------
$163,342,614.90
===============
Page 3 of 4
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS NOVEMBER 1996 DISTRIBUTION
Series Cusip Number Coupon 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>
1995-A
- ------
A1 125714CV5 82,117,691.00 0.004491449 0.014873169 $ 57,538,468.91 46.94 0.700682986
A2 125714CW3 94,373,113.00 0.004320578 0.017193632 65,051,737.99 53.06 0.689303721
R 125714CX1 100.00 -
---------------
$122,590,206.90
===============
1996-A
- ------
A 125714CY9 115,119,031.00 0.004788934 0.008820587 $ 88,037,302.05 100.00 0.764750201
R 125714CZ6 100.00 0 0 - 0.00 0
---------------
$ 88,037,302.05
===============
1996-B
- ------
A1 125714DA0 0 41,914,009.00 0.00549147 0.024214683 $ 35,294,366.75 19.29 0.842066116
A2 125714DB8 0 165,576,246.00 0.005618159 0.017790053 147,692,940.50 80.71 0.891993532
---------------
R 125714DC6 100.00 $182,987,307.25
===============
1996-C
- ------
A 125714DD4 0 266,806,062.00 0.004134722 0.041366681 $255,769,180.81 100.00 0.958633319
R N/A 100.00 100.00 1
---------------
$255,769,280.81
===============
Page 4 of 4
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