<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: MAY 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 MAY 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 $1,356,263.76
Series 1993-2B $1,548,587.03
Series 1993-2C $3,226,102.12
Series 1993-2D $2,145,873.87
Series 1993-2E $4,286,143.52
Series 1993-2F $3,627,381.78
Series 1993-2G $3,548,848.96
Series 1993-2H $1,857,473.27
Series 1993-2I $4,929,225.47
Series 1995-A $2,452,773.11
Series 1996-A $3,093,978.60
Series 1996-B $4,425,055.98
Series 1996-C $15,421,351.85
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
June 17, 1997 By: /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-APR-97
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2A 93-2B 93-2C 93-2D
-------------- -------------- --------------- --------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $64,600,862.52 $64,735,126.00 $128,995,246.60 $90,355,699.21
Loans Repurchased - - - -
Scheduled Principal Distribution 65,190.09 64,363.37 142,561.95 484,103.12
Additional Principal Distribution 13,792.03 1,610.75 33,138.51 97,704.62
Liquidations Distribution 870,660.48 1,074,120.10 2,258,226.16 1,048,731.26
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- -------------- --------------- --------------
Ending Security Balance $63,651,219.92 $63,595,031.78 $126,561,319.98 $88,725,160.21
============== ============== =============== ==============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 405,400.39 $ 408,492.79 $ 783,722.04 $ 512,786.37
Compensating Interest 1,220.74 - 8,453.45 2,548.50
Trustee Fee (Tx. Com. Bk.) 726.76 809.13 1,612.44 1,129.45
Pool Insurance Premium (PMI Mtg. Ins.) - - - -
Pool Insurance (GE Mort. Ins.) 15,633.41 18,579.07 - 14,547.27
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) 3,068.54 - - -
Special Hazard Insurance (Comm. and Ind.) - 1,936.66 - -
Bond Manager Fee (Capstead) - 1,078.92 1,612.44 1,317.69
Excess Compensating Interest (Capstead) - 2,906.89 - -
Administrative Fee (Capstead) 1,749.66 - 5,374.90 2,823.66
Administrative Fee (Other) 1,022.85 (11.58) - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) - - - -
Other - (62.47) - -
-------------- -------------- --------------- --------------
Total Fees 22,201.22 25,236.62 8,599.78 19,818.07
Servicing Fee 21,794.03 20,159.55 33,802.40 25,936.21
Interest on Accelerated Prepayments - - - -
-------------- -------------- --------------- --------------
Total Interest Distribution $ 450,616.38 $ 453,888.96 $ 834,577.67 $ 561,089.15
============== ============== =============== ==============
LOAN COUNT 237 219 460 356
WEIGHTED AVERAGE PASS-THROUGH RATE 7.553232836 7.646143 7.369345872 6.844082326
</TABLE>
Page 1 of 5
<PAGE>
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-APR-97
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2E.A 93-2E.B 93-2F 93-2G
-------------- --------------- -------------- ---------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $58,940,001.72 $149,697,287.01 $77,908,437.00 $185,927,231.64
Loans Repurchased - - - -
Scheduled Principal Distribution 303,702.68 161,086.96 76,147.05 211,103.56
Additional Principal Distribution 21,124.81 27,427.08 5,797.73 79,871.03
Liquidations Distribution 472,088.86 2,081,985.87 3,058,654.70 2,143,322.72
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- --------------- -------------- ---------------
Ending Security Balance $58,143,085.37 $147,426,787.10 $74,767,837.52 $183,492,934.33
============== =============== ============== ===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 327,919.74 $ 883,484.52 $ 486,782.44 $ 1,110,969.18
Compensating Interest 1,739.37 5,583.61 - 3,582.47
Trustee Fee (Tx. Com. Bk.) 638.52 1,621.72 973.80 2,091.68
Pool Insurance Premium (PMI Mtg. Ins.) 12,966.80 32,933.40 22,359.80 -
Pool Insurance (GE Mort. Ins.) - - - -
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) - - 2,330.77 -
Bond Manager Fee (Capstead) 736.75 1,871.22 1,298.54 2,324.09
Excess Compensating Interest (Capstead) - - 7,951.92 -
Administrative Fee (Capstead) 2,087.43 5,301.98 - 7,747.20
Administrative Fee (Other) - - 0.16 -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) - - - -
Other - - - -
-------------- --------------- -------------- ---------------
Total Fees 16,429.50 41,728.32 34,914.99 12,162.97
Servicing Fee 16,880.71 39,764.96 24,732.41 46,967.97
Interest on Accelerated Prepayments - - - -
-------------- --------------- -------------- ---------------
Total Interest Distribution $ 362,969.32 $ 970,561.41 $ 546,429.84 $ 1,173,682.59
============== =============== ============== ===============
LOAN COUNT 230 502 266 657
WEIGHTED AVERAGE PASS-THROUGH RATE 6.71175637 7.126927797 7.640239 7.193470092
</TABLE>
Page 2 of 5
<PAGE>
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-APR-97
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2H.1 93-2H.2 93-2I 93-2I.1
-------------- -------------- --------------- ---------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $68,804,663.78 $36,550,196.00 $47,631,036.71 $48,030,137.70
Loans Repurchased - - - -
Scheduled Principal Distribution 64,633.80 38,078.22 47,999.95 44,177.06
Additional Principal Distribution 41,128.40 6,533.57 3,434.78 3,330.34
Liquidations Distribution 790,857.51 254,925.90 380,519.44 1,129,237.05
Accelerated Prepayments - - - -
Adjustments (Cash) - - 24.59 -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- -------------- -------------- --------------
Ending Security Balance $67,908,044.07 $36,250,658.31 $47,199,057.95 $46,853,393.25
============== ============== ============== ==============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 433,885.55 $ 227,430.07 $ 302,525.59 $ 300,457.27
Compensating Interest - - - -
Trustee Fee (Tx. Com. Bk.) 860.06 456.95 595.35 600.37
Pool Insurance Premium (PMI Mtg. Ins.) - - -
Pool Insurance (GE Mort. Ins.) 20,228.56 10,489.96 13,542.82 14,120.86
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) - - - -
Bond Manager Fee (Capstead) - 1,755.91 2,491.47 -
Excess Compensating Interest (Capstead) 1,985.02 371.90 1,480.68 4,165.15
Administrative Fee (Capstead) 2,866.85 - - 2,001.25
Administrative Fee (Other) - 345.80 327.89 -
Excess-Fees - - (161.52) -
Special Hazard Insurance (Aetna Casualty) 1,783.19 1,093.42 1,424.95 1,244.78
Other - (0.35) (1.18) -
-------------- -------------- -------------- --------------
Total Fees 27,723.68 14,513.59 19,700.46 22,132.41
Servicing Fee 21,501.37 12,102.90 14,884.67 15,009.51
Interest on Accelerated Prepayments - - - -
-------------- -------------- -------------- --------------
Total Interest Distribution $ 483,110.60 $ 254,046.56 $ 337,110.72 $ 337,599.19
============== ============== ============== ==============
LOAN COUNT 244 120 182 188
WEIGHTED AVERAGE PASS-THROUGH RATE 7.567258255 7.579275 7.641966 7.506718516
</TABLE>
Page 3 of 5
<PAGE>
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-APR-97
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2I.2 1995-A 1996-A 1996-B
-------------- --------------- -------------- ---------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $53,826,787.17 $104,971,220.36 $79,224,029.34 $170,669,146.51
Loans Repurchased - - - -
Scheduled Principal Distribution 48,454.78 86,505.46 73,079.70 154,315.40
Additional Principal Distribution 2,560.90 48,119.27 90,938.05 13,305.58
Liquidations Distribution 2,327,005.69 1,657,272.98 2,431,366.94 3,186,451.28
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- --------------- -------------- ---------------
Ending Security Balance $51,448,765.80 $103,179,322.65 $76,628,644.65 $167,315,074.25
============== =============== ============== ===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 339,499.20 $ 660,875.40 $ 498,593.90 $ 1,070,983.75
Compensating Interest - - - -
Trustee Fee (Tx. Com. Bk.) 672.83 874.76 990.30 2,133.37
Pool Insurance Premium (PMI Mtg. Ins.) 15,533.51 - - 46,123.34
Pool Insurance (GE Mort. Ins.) - 39,364.21 22,816.52 -
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) 2,467.50 - - 3,963.41
Special Hazard Insurance (Comm. and Ind.) - - - -
Bond Manager Fee (Capstead) - - - -
Excess Compensating Interest (Capstead) 1,366.81 3,753.68 4,199.64 5,882.15
Administrative Fee (Capstead) 2,242.76 2,849.58 3,300.91 7,111.15
Administrative Fee (Other) - - - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) 1,610.32 2,405.59 1,815.55 4,935.19
Other - - - -
-------------- --------------- -------------- ---------------
Total Fees 23,893.73 49,247.82 33,122.92 70,148.61
Servicing Fee 16,820.83 32,803.54 22,180.79 49,711.52
Interest on Accelerated Prepayments - - - -
-------------- --------------- -------------- ---------------
Total Interest Distribution $ 380,213.76 $ 742,926.76 $ 553,897.61 $ 1,190,843.88
============== =============== ============== ===============
LOAN COUNT 210 451 274 561
WEIGHTED AVERAGE PASS-THROUGH RATE 7.568704383 7.554932459 7.552161699 7.530245075
</TABLE>
Page 4 of 5
<PAGE>
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-APR-97
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-C.1 1996-C.2 1996-C.3
-------------- -------------- --------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $42,632,926.55 $87,466,671.80 $65,758,968.36
Loans Repurchased - - -
Scheduled Principal Distribution 35,135.44 76,429.26 52,542.10
Additional Principal Distribution 12,034.51 435,879.83 12,319.82
Liquidations Distribution 1,185,872.72 8,701,862.00 3,695,011.10
Accelerated Prepayments - - -
Adjustments (Cash) - - -
Losses/Foreclosures - - -
Special Hazard Account - - -
-------------- -------------- --------------
Ending Security Balance $41,399,883.88 $78,252,500.71 $61,999,095.34
============== ============== ==============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 269,737.57 $ 549,192.98 $ 393,021.178
Compensating Interest - 2,313.35 -
Trustee Fee (Tx. Com. Bk.) 532.91 728.89 547.99
Pool Insurance Premium (PMI Mtg. Ins.) - - -
Pool Insurance (GE Mort. Ins.) 12,278.28 - -
Pool Insurance (United Guaranty Ins.) - - 24,495.22
Backup for Pool Insurance (Fin. Sec. Assur.) - - 17,848.51
Special Hazard Insurance (Comm. and Ind.) - - -
Bond Manager Fee (Capstead) - - -
Excess Compensating Interest (Capstead) 2,475.63 1,722.10 5,944.66
Administrative Fee (Capstead) 2,131.68 1,822.13 2,666.90
Administrative Fee (Other) - - -
Excess-Fees - - -
Special Hazard Insurance (Aetna Casualty) 977.00 - 1,901.53
Other - - -
-------------- -------------- --------------
Total Fees 18,395.50 4,273.12 53,404.81
Servicing Fee 13,322.86 22,549.53 20,549.69
Interest on Accelerated Prepayments - - -
-------------- -------------- --------------
Total Interest Distribution $ 301,455.93 $ 578,328.98 $ 466,975.67
============== ============== ==============
LOAN COUNT 164 333 164
WEIGHTED AVERAGE PASS-THROUGH RATE 7.592373083 7.566397376 7.592373083
</TABLE>
Page 5 of 5
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS MAY 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 $1000 PER CLASS BALANCE FACTOR
- ----------------------------------------------------------------------------------------------------------------------------
1993-2A 5/25/97 149,572,077.00 63,651,218.06
- --------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 125714AC9 34,791,000.00
D 125714AD7 8,535,000.00
E 125714AE5 7.25000 28,652,000.00 0.0058293383 0.0292794234 26,806,140.07 42.11 0.9355765765
F 125714AG0 7.25000 10,692,000.00 0.0060416667 0 10,692,000.00 16.80 1
G 125714AH8 7.25000 16,410,000.00 0.0060416667 0 16,410,000.00 25.78 1
H 125714AJ4 7.25000 3,006,000.00 0.0060416667 0 3,006,000.00 4.72 1
I 125714AF2 7.25000 12,057,000.00 0.0017836004 0.0078766899 3,464,458.09 5.44 0.2873399759
J 125714AK1 7.25000 2,901,000.00 0.0060416684 0 2,901,000.00 4.56 1
KPO 125714AM7 0.00000 772,949.00 0 0.0203885638 371,491.90 0.58 0.4806163149
LIO 125714AN5 0.00 0.0001247822 0
R 125714AL9 7.25000 128.00 0.006015625 0 128.00 0.00 1
1993-2B 5/25/97 189,529,970.00 63,595,034.97
- -----------------------------------------------
2B-A 125714AP0 189,529,000.00 0.0021553049 0.0060154079 63,595,034.97 100.00 0.3355425026
1993-2C 5/25/97 207,040,201.00 126,561,320.59
- ------------------------------------------------
A-2 125714BB0 6.50000 27,680,000.00 0.0015394379 0.0224611445 7,245,040.60 5.72 0.2617427962
A-3 125714BC8 10,312,000.00 0.0022980004 0.0224611278 2,699,092.86 2.13 0.2617429073
A-4 125714BD6 33,521,000.00 0.0036279622 0.0466892396 18,237,976.98 14.41 0.5440761606
A-5 000005CQR 84,357,000.00 0.0061411217 0 84,357,000.00 66.65 1
A-R 125714AZ8 1,000.00 0.00614 0 1,000.00 0.00 1
B-1 000007CQR 5,694,392.00 0.0059050079 0.0011182563 5,469,086.61 4.32 0.960433811
B-2 000008CQR 3,623,203.00 0.0059050073 0.0011182564 3,479,846.80 2.75 0.9604338482
B-3 000009CQR 2,588,003.00 0.0059050086 0.001118256 2,485,605.69 1.96 0.9604338519
B-4 000010CQR 1,345,761.00 0.0059050084 0.0011182595 1,292,514.39 1.02 0.9604338289
B-5 000011CQR 621,120.00 0.0059050103 0.0011182541 596,544.67 0.47 0.9604338453
B-6 000012CQR 1,138,722.00 0.0037622176 0 697,611.99 0.55 0.6126271294
</TABLE>
Page 1 of 4
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS MAY 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 $1000 PER CLASS BALANCE FACTOR
- ----------------------------------------------------------------------------------------------------------------------------
1993-2D 5/25/97 175,093,365.00 88,725,160.90
- ------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.0017074273 0.0153335886 7,599,109.37 8.56 0.2840363822
B 125714AT2 39,792,000.00 0.0034148442 0.0306670404 22,604,686.53 25.48 0.5680711331
C 125714AU9 29,251,000.00 0.0057034016 0 29,251,000.00 32.97 1
D 125714AV7 17,072,000.00 0.0057034015 0 17,072,000.00 19.24 1
E 125714AW5 1,897,000.00 0.0057034001 0 1,897,000.00 2.14 1
F 125714AX3 10,300,365.00 0.0057034018 0 10,300,365.00 11.61 1
R 125714AY1 1,000.00 0.0057 0 1,000.00 0.00 1
1993-2E 5/25/97 317,870,015.00 205,569,872.62
- ------------------------------------------------
15A 125714BE4 6.75000 86,454,000.00 0.0033758245 0.0081162355 51,183,390.85 24.90 0.5920303381
15B 125714BF1 6.75000 9,494,478.45 0.0033758243 0.0081162356 5,621,019.27 2.73 0.5920303644
15CPO 125714BG9 0.00000 1,972,695.84 0 0.0091844917 1,335,976.14 0.65 0.677233664
15DIO 125714BH7 5,911.86 0.971488498 0.0097479702 2,957.24 0.00 0.5002097429
30A 125714BT1 29,444,000.00
30B 125714BL8 5.50000 9,738,000.00 0.0010119193 0.2125861286 79,814.98 0.04 0.0081962395
30CIO 125714BM6 1.50000 0.00 0.0002759776 0
30D 125714BU8 7.00000 922,000.00 0.0012878959 0.212586128 7,556.95 0.00 0.0081962581
30E 125714BV6 7.00000 29,092,000.00 0.0058333332 0 29,092,000.00 14.15 1
30F 125714BW4 7.00000 11,747,000.00 0.0058333336 0 11,747,000.00 5.71 1
30G 125714BX2 7.00000 24,409,000.00 0.0058333332 0 24,409,000.00 11.87 1
30H 125714BY0 7.00000 21,450,000.00 0.0058333333 0 21,450,000.00 10.43 1
30I 125714BZ7 7.00000 13,542,000.00 0.0058333333 0 13,542,000.00 6.59 1
30J 125714CA1 40,256,000.00 0.0038630309 0 32,403,578.22 15.76 0.8049378532
30K 125714CB9 17,252,571.43 0.0066380541 0 13,887,247.79 6.76 0.8049378722
30NIO 125714BR5 0.00 0.0000935522 0
30PPO 125714BS3 0.00000 1,089,658.82 0 0.0039747022 808,589.20 0.39 0.7420571023
</TABLE>
Page 2 of 4
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS MAY 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 $1000 PER CLASS BALANCE FACTOR
- ----------------------------------------------------------------------------------------------------------------------------
1993-2F 5/25/97 222,866,291.00 74,767,838.37
- -----------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 125714BJ3 222,866,000.00 0.0021841934 0.0140918729 74,767,838.37 100.00 0.3354833773
1993-2G 5/25/97 246,780,547.00 183,492,935.08
- ------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.0033675344 0.0237104719 31,762,447.27 17.31 0.5380547376
2G-A2 125714CS2 27,342,000.00 0.0027598383 0.009033785 12,340,998.06 6.73 0.4513568159
2G-A3 125714CT0 25,200,000.00 0.0012264274 0.0304124377 5,526,530.55 3.01 0.2193067679
2G-A4 125714CU7 15,000,000.00 0.0056612253 0 15,000,000.00 8.17 1
2G-A5 125714A#2 100,190,000.00 0.0059945583 0 100,190,000.00 54.60 1
2G-B1 125714A@4 4,936,000.00 0.0057691633 0.0010927188 4,745,013.79 2.59 0.9613074939
2G-B2 125714B#1 3,701,000.00 0.0057691651 0.0010927182 3,557,799.03 1.94 0.9613074926
2G-B3 125714B*5 1,481,000.00 0.0057691627 0.0010927211 1,423,696.40 0.78 0.9613074949
2G-B4 125714B@3 740,000.00 0.0057691622 0.0010927162 711,367.56 0.39 0.9613075135
2G-B5 125714C#0 1,481,547.00 0.0045308519 0.0008581773 1,118,523.22 0.61 0.754969785
2G-M 125714A*6 7,403,000.00 0.0057691639 0.0010927178 7,116,559.20 3.88 0.9613074699
2GA3IO 125714CP8 0.00 0.000270529 0
2GA4IO 125714CQ6 0.00 0.0003333333 0
1993-2H 5/25/97 315,871,665.00 104,158,703.57
- ------------------------------------------------
2H-A1 125714CG8 180,386,000.00 0.0020936212 0.0037868449 59,482,296.04 57.11 0.3297500695
2H-A2 125714CH6 125,000,000.00 0.0022692453 0.0041045055 44,676,407.53 42.89 0.3574112602
2H-A3 125714CJ2 10,485,000.00
1993-2I 5/25/97 367,955,786.00 145,501,217.18
- ------------------------------------------------
2I-3IO 125714CL7 0.00 0.0001534284 0
2I-A1 125714CE3 237,519,000.00 0.0027064112 0.0118306284 98,647,824.30 35.75 0.4153260341
2I-A2 125714CD5 130,435,853.00 0.0021439209 0.009021633 46,853,392.88 16.98 0.3592063976
</TABLE>
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<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS MAY 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 $1000 PER CLASS BALANCE FACTOR
- ----------------------------------------------------------------------------------------------------------------------------
1995-A 5/25/97 176,490,904.00 103,179,321.62
- ------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 125714CV5 82,117,691.00 0.0038259326 0.0147463037 48,523,255.53 47.03 0.5908989274
A2 125714CW3 94,373,113.00 0.0036737013 0.0061560468 54,656,066.09 52.97 0.579148704
R 125714CX1 100.00
1996-A 5/25/97 115,119,131.00 76,628,643.78
- -----------------------------------------------
A 125714CY9 115,119,031.00 0.0043311163 0.022545227 76,628,643.78 100.00 0.6656470534
R 125714CZ6 100.00
1996-B 5/25/97 207,490,355.00 167,315,073.21
- ------------------------------------------------
A1 125714DA0 0.00000 41,914,009.00 0.004972484 0.0135273469 32,181,869.31 19.23 0.7678069953
A2 125714DB8 0.00000 165,576,246.00 0.0052094849 0.0168326497 135,133,203.90 80.77 0.8161388313
R 125714DC6 100.00
1996-C 5/25/97 266,806,262.00 180,402,241.21
- ------------------------------------------------
A 125714DD4 0.00000 266,806,062.00 0.0039165099 0.0536295036 180,402,241.21 100.00 0.6761549564
R N/A 100.00
X N/A 100.00
</TABLE>
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