<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: February 25, 1997
-----------------
(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 FEBRUARY 25, 1997 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 $725,392.15
Series 1993-2B $1,245,308.46
Series 1993-2C $1,515,412.26
Series 1993-2D $2,339,166.92
Series 1993-2E $3,001,058.01
Series 1993-2F $2,634,757.24
Series 1993-2G $2,043,776.05
Series 1993-2H $3,030,066.57
Series 1993-2I $3,764,414.18
Series 1995-A $5,051,378.52
Series 1996-A $2,416,217.78
Series 1996-B $3,979,192.11
Series 1996-C $15,022,949.90
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
March 24, 1997 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-JAN-97
<TABLE>
<CAPTION>
Deal Reference 93-2A 93-2B 93-2C 93-2D
-------------- -------------- --------------- --------------
<S> <C> <C> <C> <C>
Beginning Security Balance $66,504,325.73 $69,359,311.00 $131,395,497.11 $94,875,843.21
Loans Repurchased - - - -
Scheduled Principal Distribution 65,131.02 67,474.70 140,222.00 491,590.92
Additional Principal Distribution 9,742.14 26,533.98 154,442.85 101,471.14
Liquidations Distribution 231,924.76 707,163.90 413,534.16 1,204,948.92
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- -------------- --------------- --------------
Ending Security Balance $66,197,527.81 $68,558,138.42 $130,687,298.10 $93,077,832.23
============== ============== =============== ==============
Interest Distribution:
Due Certificate Holders $ 418,545.84 $ 444,135.81 $ 805,195.13 $ 538,699.78
Compensating Interest 48.36 - 2,018.12 2,456.10
Trustee Fee (Tx. Com. Bk.) 748.17 866.98 1,642.44 1,185.95
Pool Insurance Premium (PMI Mtg. Ins.) - - - -
Pool Insurance (GE Mort. Ins.) 16,094.05 19,906.13 - 15,275.01
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) 3,158.96 2,075.02 - -
Bond Manager Fee (Capstead) 1,052.99 1,155.99 1,642.44 1,383.61
Excess Compensating Interest (Capstead) - 2,277.36 - -
Administrative Fee (Capstead) 1,801.15 (0.04) 5,475.01 2,964.83
Administrative Fee (Other) - - - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) - - - -
-------------- -------------- --------------- --------------
Total Fees 22,855.32 26,281.44 8,759.89 20,809.40
Servicing Fee 22,305.38 21,674.66 34,325.18 27,214.69
Interest on Accelerated Prepayments - - - -
-------------- -------------- --------------- --------------
Total Interest Distribution $ 463,754.90 $492,091.91 $850,298.32 $589,179.97
============== ============== =============== ==============
Loan Count 243 231 466 367
Weighted Average Pass-Through Rate 7.553088231 7.743472 7.372063132 6.84459852
</TABLE>
Page 1 of 5
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-JAN-97
<TABLE>
<CAPTION>
Deal Reference 93-2E.A 93-2E.B 93-2F 93-2G
-------------- --------------- -------------- ---------------
<S> <C> <C> <C> <C>
Beginning Security Balance $61,577,826.10 $152,232,302.57 $82,344,399.00 $188,565,159.19
Loans Repurchased - - - -
Scheduled Principal Distribution 305,814.06 159,172.70 81,536.85 206,596.78
Additional Principal Distribution 22,972.55 42,379.93 6,137.90 155,942.58
Liquidations Distribution 491,870.57 730,038.80 2,038,569.40 550,670.51
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- --------------- -------------- ---------------
Ending Security Balance $60,757,168.92 $151,300,711.14 $80,218,154.85 $187,651,949.32
============== =============== ============== ===============
Interest Distribution:
Due Certificate Holders $ 342,964.05 $ 902,619.79 $ 508,512.86 $ 1,129,299.77
Compensating Interest 1,722.61 1,502.96 - 1,266.41
Trustee Fee (Tx. Com. Bk.) 667.09 1,649.18 1,029.28 2,121.36
Pool Insurance Premium (PMI Mtg. Ins.) 13,547.12 33,491.11 23,632.80 -
Pool Insurance (GE Mort. Ins.) - - - -
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) - - 2,463.47 -
Bond Manager Fee (Capstead) 769.72 1,902.90 1,372.41 2,357.06
Excess Compensating Interest (Capstead) - - 6,674.42 -
Administrative Fee (Capstead) 2,180.91 5,391.75 - 7,857.00
Administrative Fee (Other) - - 0.06 -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) - - - -
-------------- --------------- -------------- ---------------
Total Fees 17,164.84 42,434.94 35,172.44 12,335.42
Servicing Fee 17,581.10 40,634.75 26,119.64 47,546.34
Interest on Accelerated Prepayments - - - -
-------------- --------------- -------------- ---------------
Total Interest Distribution $379,432.60 $987,192.44 $569,804.94 $1,190,447.94
============== =============== ============== ===============
Loan Count 236 509 281 663
Weighted Average Pass-Through Rate 6.717093119 7.126919068 7.527787 7.194751256
</TABLE>
Page 2 of 5
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-JAN-97
<TABLE>
<CAPTION>
Deal Reference 93-2H.1 93-2H.2 93-2I 93-2I.1
-------------- -------------- -------------- --------------
<S> <C> <C> <C> <C>
Beginning Security Balance $72,504,789.53 $37,007,604.00 $49,078,620.55 $51,137,678.09
Loans Repurchased - - - -
Scheduled Principal Distribution 66,845.65 37,882.21 48,438.75 45,642.68
Additional Principal Distribution 16,046.73 5,743.84 199,607.88 2,205.55
Liquidations Distribution 1,900,105.26 322,783.60 505,394.56 1,133,890.60
Accelerated Prepayments - - - -
Adjustments (Cash) - - 600.80 -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- -------------- -------------- --------------
Ending Security Balance $70,521,791.89 $36,641,194.35 $48,324,578.56 $49,955,939.26
============== ============== ============== ==============
Interest Distribution:
Due Certificate Holders $ 453,011.08 $ 227,647.88 $ 312,138.14 $ 320,404.02
Compensating Interest - - - -
Trustee Fee (Tx. Com. Bk.) 906.30 462.63 604.01 639.21
Pool Insurance Premium (PMI Mtg. Ins.) - - - -
Pool Insurance (GE Mort. Ins.) 21,316.41 10,621.21 13,740.07 15,034.47
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) - - - -
Bond Manager Fee (Capstead) - 616.79 - -
Excess Compensating Interest (Capstead) 3,413.16 2,547.14 - 5,556.57
Administrative Fee (Capstead) 3,020.99 - 331.63 2,130.63
Administrative Fee (Other) - 358.96 - -
Excess-Fees - - (162.36) -
Special Hazard Insurance (Aetna Casualty) 1,879.09 1,107.13 1,445.69 1,325.32
-------------- -------------- -------------- --------------
Total Fees 30,535.95 15,713.86 15,959.04 24,686.20
Servicing Fee 22,657.75 12,247.51 15,101.40 15,980.54
Interest on Accelerated Prepayments - - - -
-------------- -------------- -------------- --------------
Total Interest Distribution $ 506,204.78 $ 255,609.25 $ 343,198.58 $ 361,070.76
============== ============== ============== ==============
Loan Count 256 121 186 198
Weighted Average Pass-Through Rate 7.497619116 7.530501 7.752136 7.518621071
</TABLE>
Page 3 of 5
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-JAN-97
<TABLE>
<CAPTION>
Deal Reference 93-2I.2 1995-A 1996-A 1996-B
-------------- --------------- -------------- ---------------
<S> <C> <C> <C> <C>
Beginning Security Balance $57,038,472.12 $117,150,434.29 $82,771,679.21 $178,969,494.89
Loans Repurchased - - - -
Scheduled Principal Distribution 50,166.18 96,519.79 75,440.23 160,296.67
Additional Principal Distribution 4,751.46 162,975.43 34,016.75 11,192.81
Liquidations Distribution 780,243.55 4,064,932.34 1,791,634.64 2,694,986.12
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- --------------- -------------- ---------------
Ending Security Balance $56,203,310.93 $112,826,006.73 $80,870,587.59 $176,103,019.29
============== =============== ============== ===============
Interest Distribution:
Due Certificate Holders $ 360,483.14 $ 726,950.93 $ 515,126.15 $ 1,112,716.48
Compensating Interest - - - -
Trustee Fee (Tx. Com. Bk.) 712.98 976.26 1,034.64 2,237.12
Pool Insurance Premium (PMI Mtg. Ins.) 16,460.36 - - 48,366.51
Pool Insurance (GE Mort. Ins.) - 43,931.42 23,838.24 -
Pool Insurance (United Guaranty Ins.) - - -
Backup for Pool Insurance (Fin. Sec. Assur.) 2,609.90 - - 4,146.82
Special Hazard Insurance (Comm. and Ind.) - - - -
Bond Manager Fee (Capstead) - - - -
Excess Compensating Interest (Capstead) 2,517.50 8,609.46 4,842.91 5,907.80
Administrative Fee (Capstead) 2,376.56 3,219.96 3,448.80 7,456.87
Administrative Fee (Other) - - - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) 1,706.40 2,684.70 1,896.85 5,175.20
-------------- --------------- -------------- ---------------
Total Fees 26,383.70 59,421.80 35,061.44 73,290.32
Servicing Fee 17,824.59 36,609.64 23,146.71 52,172.83
Interest on Accelerated Prepayments - - - -
-------------- --------------- -------------- ---------------
Total Interest Distribution $ 404,691.43 $ 822,982.37 $ 573,334.30 $ 1,238,179.63
============== =============== ============== ===============
Loan Count 220 497 286 586
Weighted Average Pass-Through Rate 7.58399992 7.446332754 7.468150772 7.460823292
</TABLE>
Page 4 of 5
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-JAN-97
<TABLE>
<CAPTION>
Deal Reference 1996-C.1 1996-C.2 1996-C.3
-------------- --------------- --------------
<S> <C> <C> <C>
Beginning Security Balance $46,240,682.15 $115,725,677.04 $71,508,847.95
Loans Repurchased - - -
Scheduled Principal Distribution 37,536.33 101,910.61 56,101.36
Additional Principal Distribution 4,685.48 50,550.14 33,054.97
Liquidations Distribution 1,380,098.77 10,131,122.47 1,788,870.51
Accelerated Prepayments - - -
Adjustments (Cash) - - -
Losses/Foreclosures - - -
Special Hazard Account - - -
-------------- --------------- --------------
Ending Security Balance $44,818,361.57 $105,442,093.82 $69,630,821.11
============== =============== ==============
Interest Distribution:
Due Certificate Holders $295,668.49 $704,351.26 $449,769.54
Compensating Interest - 2,218.44 -
Trustee Fee (Tx. Com. Bk.) 578.00 964.38 595.91
Pool Insurance Premium (PMI Mtg. Ins.) - - -
Pool Insurance (GE Mort. Ins.) 13,317.32 - -
Pool Insurance (United Guaranty Ins.) - - 26,637.05
Backup for Pool Insurance (Fin. Sec. Assur.) - - -
Special Hazard Insurance (Comm. and Ind.) - - -
Bond Manager Fee (Capstead) - - -
Excess Compensating Interest (Capstead) 1,563.58 706.51 5,688.84
Administrative Fee (Capstead) 2,312.04 2,410.86 2,905.29
Administrative Fee (Other) - - -
Excess-Fees - - -
Special Hazard Insurance (Aetna Casualty) 1,059.68 - 2,067.79
-------------- --------------- --------------
Total Fees 18,830.62 4,081.75 37,894.88
Servicing Fee 14,450.22 30,778.73 22,346.45
Interest on Accelerated Prepayments - - -
-------------- --------------- --------------
Total Interest Distribution $ 328,949.33 $ 741,430.18 $ 510,010.87
============== =============== ==============
Loan Count 178 422 295
Weighted Average Pass-Through Rate 7.672944505 7.326668218 7.547646
</TABLE>
Page 5 of 5
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS FEBRUARY 1997 DISTRIBUTION
Series Payment Date Closing Balance Current Balance
<TABLE>
<CAPTION>
Class Cusip Number Coupon Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Per Class Per $1000 Per $1,000 Per Class Balance
- ------------------------------------------------------------------------------------------------------------------------------------
1993-2A 2/25/97 149,572,077.00 66,197,526.94
- -----------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 125714AC9 7.25000 34,791,000.00 0.0000558291 0.0036706548 193,786.57 0.29 0.0055700201
D 125714AD7 7.25000 8,535,000.00 0.0002635466 0.0173275407 224,418.91 0.34 0.0262939555
E 125714AE5 7.25000 28,652,000.00 0.0060416666 0 28,652,000.00 43.28 1
F 125714AG0 7.25000 10,692,000.00 0.0060416667 0 10,692,000.00 16.15 1
G 125714AH8 7.25000 16,410,000.00 0.0060416667 0 16,410,000.00 24.79 1
H 125714AJ4 7.25000 3,006,000.00 0.0060416667 0 3,006,000.00 4.54 1
I 125714AF2 7.25000 12,057,000.00 0.0018789873 0.0025446993 3,719,103.24 5.62 0.3084600846
J 125714AK1 7.25000 2,901,000.00 0.0060416684 0 2,901,000.00 4.38 1
KPO 125714AM7 0.00000 772,949.00 0 0.0006730069 399,090.22 0.60 0.5163215426
LIO 125714AN5 0.00 0.0001284434 0
R 125714AL9 7.25000 128.00 0.006015625 0 128.00 0.00 1
1993-2B 2/25/97 189,529,970.00 68,558,139.86
- ----------------------------------------------------
2B-A 125714AP0 189,529,000.00 0.002343366 0.0042271771 68,558,139.86 100.00 0.3617290223
1993-2C 2/25/97 207,040,201.00 130,687,298.75
- ----------------------------------------------------
A-2 125714BB0 6.50000 27,680,000.00 0.0016578934 0.0064378595 8,293,889.91 6.35 0.2996347511
A-3 125714BC8 10,312,000.00 0.0024773778 0.006437854 3,089,834.42 2.36 0.2996348351
A-4 125714BD6 33,521,000.00 0.0039085639 0.0133821658 20,878,250.35 15.98 0.6228409161
A-5 000005CQR 84,357,000.00 0.0061433858 0 84,357,000.00 64.55 1
A-R 125714AZ8 1,000.00 0.00614 0 1,000.00 0.00 1
B-1 000007CQR 5,694,392.00 0.0059273914 0.001083322 5,488,015.52 4.20 0.9637579429
B-2 000008CQR 3,623,203.00 0.0059273935 0.0010833205 3,491,890.79 2.67 0.963757976
B-3 000009CQR 2,588,003.00 0.0059273927 0.0010833179 2,494,208.54 1.91 0.9637579786
B-4 000010CQR 1,345,761.00 0.0059273898 0.0010833201 1,296,987.88 0.99 0.963757963
B-5 000011CQR 621,120.00 0.0059273892 0.0010833172 598,609.35 0.46 0.9637579695
B-6 000012CQR 1,138,722.00 0.0037636052 0 697,611.99 0.53 0.6126271294
</TABLE>
1
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK
BOND BALANCES AND FACTORS FEBRUARY 1997 DISTRIBUTION
Series Payment Date Closing Balance Current Balance
<TABLE>
<CAPTION>
Class Cusip Number Coupon Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Per Class Per $1000 Per $1,000 Per Class Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2D 175,093,365.00 93,077,831.38
- -----------------------------------------------------
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.0019500116 0.016908509 8,694,218.69 9.34 0.3249689276
B 125714AT2 39,792,000.00 0.0039000111 0.0338168667 25,862,247.69 27.79 0.6499358587
C 125714AU9 29,251,000.00 0.0057038323 0 29,251,000.00 31.43 1
D 125714AV7 17,072,000.00 0.0057038326 0 17,072,000.00 18.34 1
E 125714AW5 1,897,000.00 0.0057038324 0 1,897,000.00 2.04 1
F 125714AX3 10,300,365.00 0.0057038328 0 10,300,365.00 11.07 1
R 125714AY1 1,000.00 0.0057 0 1,000.00 0.00 1
1993-2E 2/25/97 317,870,015.00 212,058,004.08
- -----------------------------------------------------
15A 125714BE4 6.75000 86,454,000.00 0.0035280955 0.0084782141 53,492,442.06 25.23 0.6187387751
15B 125714BF1 6.75000 9,494,478.45 0.003528096 0.0084782144 5,874,601.95 2.77 0.6187388027
15CPO 125714BG9 0.00000 1,972,695.84 0 0.003579401 1,387,291.87 0.65 0.7032466584
15DIO 125714BH7 5,911.86 1.0421041949 0.0209861299 2,957.24 0.00 0.5002097429
30A 125714BT1 29,444,000.00
30B 125714BL8 5.50000 9,738,000.00 0.0020939361 0.08729084 3,598,853.40 1.70 0.3695680222
30CIO 125714BM6 1.50000 0.00 0.0005710731 0
30D 125714BU8 7.00000 922,000.00 0.0026650108 0.0872908351 340,741.73 0.16 0.3695680369
30E 125714BV6 7.00000 29,092,000.00 0.0058333332 0 29,092,000.00 13.72 1
30F 125714BW4 7.00000 11,747,000.00 0.0058333336 0 11,747,000.00 5.54 1
30G 125714BX2 7.00000 24,409,000.00 0.0058333332 0 24,409,000.00 11.51 1
30H 125714BY0 7.00000 21,450,000.00 0.0058333333 0 21,450,000.00 10.12 1
30I 125714BZ7 7.00000 13,542,000.00 0.0058333333 0 13,542,000.00 6.39 1
30J 125714CA1 40,256,000.00 0.0039140103 0 32,403,578.22 15.28 0.8049378532
30K 125714CB9 17,252,571.43 0.0065186551 0 13,887,247.79 6.55 0.8049378722
30NIO 125714BR5 0.00 0.0000952551 0
30PPO 125714BS3 0.00000 1,089,658.82 0 0.0009832342 830,289.82 0.39 0.7619721583
</TABLE>
2
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK
BOND BALANCES AND FACTORS FEBRUARY 1997 DISTRIBUTION
Series Payment Date Closing Balance Current Balance
<TABLE>
<CAPTION>
Class Cusip Number Coupon Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Per Class Per $1000 Per $1,000 Per Class Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2F 2/25/97 222,866,291.00 80,218,153.90
- -----------------------------------------------------
A 125714BJ3 222,866,000.00 0.0022816976 0.0095404612 80,218,153.90 100.00 0.3599389494
1993-2G 2/25/97 246,780,547.00 187,651,950.18
- -----------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.0035198652 0.0087711372 34,138,268.04 18.19 0.5783010577
2G-A2 125714CS2 27,342,000.00 0.0028181399 0.0033418386 12,760,260.55 6.80 0.4666908255
2G-A3 125714CT0 25,200,000.00 0.001386148 0.0112503726 6,827,412.11 3.64 0.270929052
2G-A4 125714CU7 15,000,000.00 0.0056622927 0 15,000,000.00 7.99 1
2G-A5 125714A#2 100,190,000.00 0.0059956258 0 100,190,000.00 53.39 1
2G-B1 125714A@4 4,936,000.00 0.0057894449 0.0010579477 4,761,035.57 2.54 0.9645533975
2G-B2 125714B#1 3,701,000.00 0.0057894434 0.0010579492 3,569,812.12 1.90 0.9645533964
2G-B3 125714B*5 1,481,000.00 0.0057894463 0.0010579473 1,428,503.59 0.76 0.9645534031
2G-B4 125714B@3 740,000.00 0.0057894459 0.0010579459 713,769.53 0.38 0.9645534189
2G-B5 125714C#0 1,481,547.00 0.0045467812 0.000830868 1,122,299.97 0.60 0.7575189785
2G-M 125714A*6 7,403,000.00 0.0057894448 0.0010579522 7,140,588.70 3.81 0.9645533838
2GA3IO 125714CP8 0.00 0.0003056944 0
2GA4IO 125714CQ6 0.00 0.0003333333 0
1993-2H 2/25/97 315,871,665.00 107,162,986.58
- -----------------------------------------------------
2H-A1 125714CG8 180,386,000.00 0.0021548592 0.0074378549 61,197,963.05 57.11 0.3392611569
2H-A2 125714CH6 125,000,000.00 0.0023356202 0.0080617818 45,965,023.53 42.89 0.3677201882
2H-A3 125714CJ2 10,485,000.00
1993-2I 2/25/97 367,955,786.00 154,483,828.81
- -----------------------------------------------------
2I-3IO 125714CL7 0.00 0.0001633552 0
2I-A1 125714CE3 237,519,000.00 0.0028373325 0.0066908443 104,527,889.55 67.66 0.4400822231
2I-A2 125714CD5 130,435,853.00 0.0022865216 0.0090599243 49,955,939.26 32.34 0.3829923914
</TABLE>
3
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK
BOND BALANCES AND FACTORS FEBRUARY 1997 DISTRIBUTION
Series Payment Date Closing Balance Current Balance
<TABLE>
<CAPTION>
Class Cusip Number Coupon Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Per Class Per $1000 Per $1,000 Per Class Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1995-A 2/25/97 176,490,904.00 112,826,005.70
- -----------------------------------------------------
A1 125714CV5 82,117,691.00 0.0042239042 0.0148270714 53,356,588.05 47.29 0.6497575297
A2 125714CW3 94,373,113.00 0.0040275634 0.0329210576 59,469,417.65 52.71 0.6301521245
R 125714CX1 100.00
1996-A 2/25/97 115,119,131.00 80,870,586.72
- -----------------------------------------------------
A 125714CY9 115,119,031.00 0.0044747263 0.0165141385 80,870,586.72 100.00 0.7024953739
R 125714CZ6 100.00
1996-B 2/25/97 207,490,355.00 176,103,018.30
- -----------------------------------------------------
A1 125714DA0 0.00000 41,914,009.00 0.0052994816 0.0092627637 34,213,612.13 19.43 0.8162810704
A2 125714DB8 0.00000 165,576,246.00 0.0053787546 0.0149673404 141,889,406.17 80.57 0.8569430072
R 125714DC6 100.00
1996-C 2/25/97 266,806,262.00 219,106,665.68
- ----------------------------------------------------
A 125714DD4 0.00000 266,806,062.00 0.0040697242 0.0517073931 219,106,665.68 100.00 0.8212207175
</TABLE>
4
