<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: January 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
JANUARY 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.
<TABLE>
<CAPTION>
SERIES DESIGNATION DISTRIBUTION OF PRINCIPAL AND INTEREST ON SERIES
------------------ ------------------------------------------------
<S> <C>
Series 1993-2A $506,287.63
Series 1993-2B $1,850,451.41
Series 1993-2C $2,288,333.47
Series 1993-2D $2,780,879.11
Series 1993-2E $3,052,904.92
Series 1993-2F $3,235,151.78
Series 1993-2G $2,252,787.28
Series 1993-2H $4,540,264.36
Series 1993-2I $3,676,203.62
Series 1995-A $5,416,376.34
Series 1996-A $3,338,138.37
Series 1996-B $2,912,422.31
Series 1996-C $13,436,059.95
</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
March 11, 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-DEC-96
<TABLE>
<CAPTION>
Deal Reference 93-2A 93-2B 93-2C 93-2D
-------------- -------------- --------------- --------------
<S> <C> <C> <C> <C>
Beginning Security Balance $66,591,471.96 $70,756,442.00 $132,867,612.30 $97,102,496.42
Loans Repurchased - - - -
Scheduled Principal Distribution 64,523.40 67,401.68 140,330.52 495,938.96
Additional Principal Distribution 22,622.83 3,669.26 46,547.02 63,375.57
Liquidations Distribution - 1,326,060.80 1,285,237.65 1,667,338.68
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- -------------- --------------- --------------
Ending Security Balance $66,504,325.73 $69,359,310.26 $131,395,497.11 $94,875,843.21
============== ============== =============== ==============
Interest Distribution:
Due Certificate Holders $ 419,141.41 $ 502,579.82 $ 813,294.69 $ 548,038.41
Compensating Interest - - 2,923.59 6,187.14
Fees:
Trustee Fee (Tx. Com. Bk.) 749.15 884.40 1,660.85 1,213.78
Pool Insurance Premium (PMI Mtg. Ins.) - - - -
Pool Insurance (GE Mort. Ins.) 16,115.14 20,307.10 - 15,633.50
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) 3,163.09 2,116.69 - -
Bond Manager Fee (Capstead) 1,054.36 - 1,660.85 1,416.08
Excess Compensating Interest (Capstead) - - - -
Administrative Fee (Capstead) 1,803.57 0.17 5,536.27 3,034.44
Administrative Fee (Other) - - - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) - - - -
-------------- -------------- --------------- --------------
Total Fees 22,885.31 23,308.36 8,857.97 21,297.80
Servicing Fee 22,335.94 22,111.44 34,812.86 27,717.80
Interest on Accelerated Prepayments - - - -
-------------- -------------- --------------- --------------
Total Interest Distribution $ 464,362.66 $ 547,999.62 $ 859,889.11 $ 603,241.15
============== ============== =============== ==============
Loan Count 243 236 470 371
Weighted Average Pass-Through Rate 7.553064637 7.753238 7.371713234 6.849161294
</TABLE>
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-DEC-96
<TABLE>
<CAPTION>
Deal Reference 93-2E.A 93-2E.B 93-2F 93-2G
-------------- --------------- -------------- ---------------
<S> <C> <C> <C> <C>
Beginning Security Balance $62,416,103.86 $153,187,591.92 $85,055,555.00 $189,752,720.43
Loans Repurchased - - - -
Scheduled Principal Distribution 306,071.39 158,621.23 82,971.07 206,624.44
Additional Principal Distribution 30,292.14 41,123.16 18,284.57 149,269.13
Liquidations Distribution 501,914.23 755,544.96 2,609,902.00 759,179.95
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - 72,487.72
Special Hazard Account - - - -
-------------- --------------- -------------- ---------------
Ending Security Balance $61,577,826.10 $152,232,302.57 $82,344,397.36 $188,565,159.19
============== =============== ============== ===============
Interest Distribution:
Due Certificate Holders $349,404.19 $908,758.02 $588,529.80 $1,135,799.51
Compensating Interest 45.34 1,130.27 - 1,914.25
Fees:
Trustee Fee (Tx. Com. Bk.) 676.17 1,659.53 1,063.22 2,134.72
Pool Insurance Premium (PMI Mtg. Ins.) 13,731.54 33,701.27 24,410.96 -
Pool Insurance (GE Mort. Ins.) - - - -
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) - - - -
Bond Manager Fee (Capstead) 780.20 1,914.84 2,544.58 2,371.91
Excess Compensating Interest (Capstead) - - - -
Administrative Fee (Capstead) 2,210.65 5,425.59 (0.02) 7,906.50
Administrative Fee (Other) - - - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) - - - -
-------------- --------------- -------------- ---------------
Total Fees 17,398.56 42,701.23 28,018.74 12,413.13
Servicing Fee 17,842.21 40,945.56 26,967.23 47,864.54
Interest on Accelerated Prepayments - - - -
-------------- --------------- -------------- ---------------
Total Interest Distribution $ 384,690.30 $ 993,535.08 $ 643,515.77 $ 1,197,991.43
============== =============== ============== ===============
Loan Count 238 512 289 667
Weighted Average Pass-Through Rate 6.718449408 7.12763961 7.527457 7.194924578
</TABLE>
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-DEC-96
<TABLE>
<CAPTION>
Deal Reference 93-2H.1 93-2H.2 93-2I 93-2I.1
-------------- -------------- -------------- --------------
<S> <C> <C> <C> <C>
Beginning Security Balance $75,790,945.45 $37,562,957.00 $49,645,737.72 $52,618,823.05
Loans Repurchased - - -
Scheduled Principal Distribution 69,309.93 37,917.67 48,616.85 46,334.54
Additional Principal Distribution 9,143.37 6,094.46 2,091.38 12,445.59
Liquidations Distribution 3,207,702.62 511,340.00 516,407.56 1,422,364.83
Accelerated Prepayments - - - -
Adjustments (Cash) - - 1.38 -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- -------------- -------------- --------------
Ending Security Balance $72,504,789.53 $37,007,604.87 $49,078,620.55 $51,137,678.09
============== ============== ============== ==============
Interest Distribution:
Due Certificate Holders $ 466,890.78 $ 259,399.27 $ 320,597.81 $ 335,120.97
Compensating Interest - - -
Fees:
Trustee Fee (Tx. Com. Bk.) 947.39 469.55 620.54 657.74
Pool Insurance Premium (PMI Mtg. Ins.) - - - -
Pool Insurance (GE Mort. Ins.) 22,282.54 10,780.59 14,115.92 15,469.93
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) - - - -
Bond Manager Fee (Capstead) - - - -
Excess Compensating Interest (Capstead) 10,350.37 - - 1,184.19
Administrative Fee (Capstead) 3,157.96 366.92 349.20 2,192.38
Administrative Fee (Other) - - - -
Excess-Fees - - (13.15) -
Special Hazard Insurance (Aetna Casualty) 1,964.25 1,123.77 1,485.19 1,363.71
-------------- -------------- -------------- --------------
Total Fees 38,702.51 12,740.83 16,557.70 20,867.95
Servicing Fee 23,684.67 15,514.27 16,443.34
Interest on Accelerated Prepayments - 12,421.75 - -
-------------- -------------- -------------- --------------
Total Interest Distribution $529,277.96 $284,561.85 $352,669.78 $372,432.26
============== ============== ============== ==============
Loan Count 267 123 188 203
Weighted Average Pass-Through Rate 7.392293798 7.422356 7.692205 7.642610395
</TABLE>
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-DEC-96
<TABLE>
<CAPTION>
Deal Reference 93-2I.2 1995-A 1996-A 1996-B
-------------- --------------- -------------- ---------------
<S> <C> <C> <C> <C>
Beginning Security Balance $57,646,768.29 $121,813,248.27 $85,578,792.97 $180,753,285.28
Loans Repurchased - - - -
Scheduled Principal Distribution 49,707.55 99,357.64 77,223.53 160,402.19
Additional Principal Distribution 2,352.02 126,529.34 17,418.31 30,297.52
Liquidations Distribution 556,236.60 4,436,927.00 2,712,471.92 1,593,090.68
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- --------------- -------------- ---------------
Ending Security Balance $57,038,472.12 $117,150,434.29 $82,771,679.21 $178,969,494.89
============== =============== ============== ===============
Interest Distribution:
Due Certificate Holders $ 366,591.58 $ 753,562.36 $ 531,024.61 $ 1,128,631.92
Compensating Interest - - - -
Fees:
Trustee Fee (Tx. Com. Bk.) 720.58 1,015.11 1,069.73 2,259.42
Pool Insurance Premium (PMI Mtg. Ins.) 16,635.90 - - 48,848.57
Pool Insurance (GE Mort. Ins.) - 45,679.97 24,646.70 -
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) 2,651.74 - - 4,182.78
Special Hazard Insurance (Comm. and Ind.) - - - -
Bond Manager Fee (Capstead) - - - -
Excess Compensating Interest (Capstead) 1,564.66 10,699.85 6,521.58 2,060.94
Administrative Fee (Capstead) 2,401.84 3,355.33 3,565.64 7,531.25
Administrative Fee (Other) - - - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) 1,724.60 2,791.56 1,961.18 5,226.78
-------------- --------------- -------------- ---------------
Total Fees 25,699.32 63,541.82 37,764.83 70,109.74
Servicing Fee 18,014.61 38,066.65 23,907.06 52,651.86
Interest on Accelerated Prepayments - - - -
-------------- --------------- -------------- ---------------
Total Interest Distribution $410,305.51 $855,170.83 $592,696.50 $1,251,393.52
============== =============== ============== ===============
Loan Count 222 517 295 591
Weighted Average Pass-Through Rate 7.631128493 7.42345225 7.446114976 7.492855811
</TABLE>
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-DEC-96
<TABLE>
<CAPTION>
Deal Reference 1996-C.1 1996-C.2 1996-C.3
-------------- --------------- --------------
<S> <C> <C> <C>
Beginning Security Balance $47,528,216.03 $124,465,357.61 $74,813,788.84
Loans Repurchased - - -
Scheduled Principal Distribution 37,871.78 111,279.84 57,399.39
Additional Principal Distribution 53,649.31 71,867.36 109,526.88
Liquidations Distribution 1,196,012.79 8,556,533.37 3,138,014.62
Accelerated Prepayments - - -
Adjustments (Cash) - - -
Losses/Foreclosures - - -
Special Hazard Account - - -
-------------- --------------- --------------
Ending Security Balance $46,240,682.15 $115,725,677.04 $71,508,847.95
============== =============== ==============
Interest Distribution:
Due Certificate Holders $ 301,436.88 $ 741,578.03 $ 472,253.32
Compensating Interest - 2,504.20 -
Fees:
Trustee Fee (Tx. Com. Bk.) 594.10 1,037.21 623.44
Pool Insurance Premium (PMI Mtg. Ins.) - - -
Pool Insurance (GE Mort. Ins.) 13,688.13 - -
Pool Insurance (United Guaranty Ins.) - - 27,868.14
Backup for Pool Insurance (Fin. Sec. Assur.) - - -
Special Hazard Insurance (Comm. and Ind.) - - -
Bond Manager Fee (Capstead) - - -
Excess Compensating Interest (Capstead) 4,806.16 - 5,466.36
Administrative Fee (Capstead) 2,376.49 2,592.99 3,058.73
Administrative Fee (Other) - - -
Excess-Fees - - -
Special Hazard Insurance (Aetna Casualty) 1,089.19 - 2,163.36
-------------- --------------- --------------
Total Fees 22,554.07 3,630.20 39,180.03
Servicing Fee 14,852.52 33,360.81 23,379.29
Interest on Accelerated Prepayments - - -
-------------- --------------- --------------
Total Interest Distribution $ 338,843.47 $ 781,073.24 $ 534,812.64
============== =============== ==============
Loan Count 183 448 309
Weighted Average Pass-Through Rate 7.610726558 7.173873061 7.57486
</TABLE>
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS JANUARY 1997 DISTRIBUTION
<TABLE>
<CAPTION>
Series Payment Date Closing Balance Current Balance
% of
Class Cusip Number Coupon Closing Balance Interest Paid Principal Paid Current Balance Current Current
Per Class Per $1000 Per $1000 Per Class Balance Factor
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2A 1/25/97 149,572,077.00 66,504,324.89
- ---------------------------------------------------
A 125714AC9 7.25000 34,791,000.00 0.0000620885 0.0010360588 321,492.32 0.48 0.0092406749
D 125714AD7 7.25000 8,535,000.00 0.0002930955 0.0048907768 372,309.47 0.56 0.0436214962
E 125714AE5 7.25000 28,652,000.00 0.0060416666 0 28,652,000.00 43.08 1
F 125714AG0 7.25000 10,692,000.00 0.0060416667 0 10,692,000.00 16.08 1
G 125714AH8 7.25000 16,410,000.00 0.0060416667 0 16,410,000.00 24.68 1
H 125714AJ4 7.25000 3,006,000.00 0.0060416667 0 3,006,000.00 4.52 1
I 125714AF2 7.25000 12,057,000.00 0.0018833541 0.0007228249 3,749,784.68 5.64 0.3110047839
J 125714AK1 7.25000 2,901,000.00 0.0060416684 0 2,901,000.00 4.36 1
KPO 125714AM7 0.00000 772,949.00 0 0.0008316849 399,610.42 0.60 0.5169945494
LIO 125714AN5 0.00 0.0001286076 0
R 125714AL9 7.25000 128.00 0.006015625 0 128.00 0.00 1
1993-2B 1/25/97 189,529,970.00 69,359,312.51
- ---------------------------------------------------
2B-A 125714AP0 189,529,000.00 0.0023918225 0.0073715985 69,359,312.51 100.00 0.3659561994
1993-2C 1/25/97 207,040,201.00 131,395,497.77
- ---------------------------------------------------
A-2 125714BB0 6.50000 27,680,000.00 0.0017312027 0.013534065 8,472,089.86 6.45 0.3060726105
A-3 125714BC8 10,312,000.00 0.0025865797 0.0135340545 3,156,221.57 2.40 0.3060726891
A-4 125714BD6 33,521,000.00 0.0040812007 0.0281328138 21,326,833.93 16.23 0.6362230819
A-5 000005CQR 84,357,000.00 0.0061430941 0 84,357,000.00 64.20 1
A-R 125714AZ8 1,000.00 0.00614 0 1,000.00 0.00 1
B-1 000007CQR 5,694,392.00 0.0059337046 0.0010732858 5,494,184.38 4.18 0.9648412649
B-2 000008CQR 3,623,203.00 0.0059337029 0.0010732796 3,495,815.88 2.66 0.9648412965
B-3 000009CQR 2,588,003.00 0.0059337025 0.0010732793 2,497,012.17 1.90 0.9648412966
B-4 000010CQR 1,345,761.00 0.0059337059 0.0010732812 1,298,445.77 0.99 0.9648412831
B-5 000011CQR 621,120.00 0.0059337004 0.001073287 599,282.22 0.46 0.9648412867
B-6 000012CQR 1,138,722.00 0.0037634295 0 697,611.99 0.53 0.6126271294
</TABLE>
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS JANUARY 1997 DISTRIBUTION
<TABLE>
<CAPTION>
Series Payment Date Closing Balance Current Balance
% of
Class Cusip Number Coupon Closing Balance Interest Paid Principal Paid Current Balance Current Current
Per Class Per $1000 Per $1000 Per Class Balance Factor
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
B-6 000012CQR 1,138,722.00 0.0037634295 0 697,611.99 0.53 0.6126271294
1993-2D 175,093,365.00 94,875,842.39
- ---------------------------------------------------
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.002070826 0.0209394666 9,146,588.94 9.64 0.3418774366
B 125714AT2 39,792,000.00 0.004141639 0.0418787467 27,207,888.45 28.68 0.6837527254
C 125714AU9 29,251,000.00 0.0057076343 0 29,251,000.00 30.83 1
D 125714AV7 17,072,000.00 0.0057076341 0 17,072,000.00 17.99 1
E 125714AW5 1,897,000.00 0.0057076331 0 1,897,000.00 2.00 1
F 125714AX3 10,300,365.00 0.0057076346 0 10,300,365.00 10.86 1
R 125714AY1 1,000.00 0.00571 0 1,000.00 0.00 1
1993-2E 1/25/97 317,870,015.00 216,989,458.77
- ----------------------------------------------------
15A 125714BE4 6.75000 86,454,000.00 0.0035765973 0.0086225301 54,225,417.58 24.99 0.6272169892
15B 125714BF1 6.75000 9,494,478.45 0.0035765979 0.0086225309 5,955,098.17 2.74 0.6272170171
15CPO 125714BG9 0.00000 1,972,695.84 0 0.0055289411 1,394,352.94 0.64 0.7068260594
15DIO 125714BH7 5,911.86 1.0605835589 0.0088700947 2,957.24 0.00 0.5002097429
30A 125714BT1 29,444,000.00
30B 125714BL8 5.50000 9,738,000.00 0.0025041949 0.0895109222 7,628,221.74 3.52 0.7833458349
30CIO 125714BM6 1.50000 0.00 0.0006829626 0
30D 125714BU8 7.00000 922,000.00 0.0031871584 0.0895109219 421,223.88 0.19 0.456858872
30E 125714BV6 7.00000 29,092,000.00 0.0058333332 0 29,092,000.00 13.41 1
30F 125714BW4 7.00000 11,747,000.00 0.0058333336 0 11,747,000.00 5.41 1
30G 125714BX2 7.00000 24,409,000.00 0.0058333332 0 24,409,000.00 11.25 1
30H 125714BY0 7.00000 21,450,000.00 0.0058333333 0 21,450,000.00 9.89 1
30I 125714BZ7 7.00000 13,542,000.00 0.0058333333 0 13,542,000.00 6.24 1
30J 125714CA1 40,256,000.00 0.0039166934 0 32,403,578.22 14.93 0.8049378532
30K 125714CB9 17,252,571.43 0.0065126183 0 13,887,247.79 6.40 0.8049378722
30NIO 125714BR5 0.00 0.0000961618 0
30PPO 125714BS3 0.00000 1,089,658.82 0 0.0010106648 831,361.21 0.38 0.7629553925
</TABLE>
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS JANUARY 1997 DISTRIBUTION
<TABLE>
<CAPTION>
Series Payment Date Closing Balance Current Balance
% of
Class Cusip Number Coupon Closing Balance Interest Paid Principal Paid Current Balance Current Current
Per Class Per $1000 Per $1000 Per Class Balance Factor
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2F 1/25/97 222,866,291.00 82,344,398.32
- ---------------------------------------------------
A 125714BJ3 222,866,000.00 0.00235116 0.0121649698 82,344,398.32 100.00 0.3694794106
1993-2G 1/25/97 246,780,547.00 188,565,160.08
- ----------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.003584434 0.0107548601 34,656,045.81 18.38 0.5870721949
2G-A2 125714CS2 27,342,000.00 0.0028427767 0.004097645 12,851,633.10 6.82 0.470032664
2G-A3 125714CT0 25,200,000.00 0.0014539548 0.0137948115 7,110,921.50 3.77 0.2821794246
2G-A4 125714CU7 15,000,000.00 0.0056624373 0 15,000,000.00 7.95 1
2G-A5 125714A#2 100,190,000.00 0.0059957708 0 100,190,000.00 53.13 1
2G-B1 125714A@4 4,936,000.00 0.0057958955 0.0010526135 4,766,257.60 2.53 0.9656113452
2G-B2 125714B#1 3,701,000.00 0.0057958957 0.0010526128 3,573,727.59 1.90 0.9656113456
2G-B3 125714B*5 1,481,000.00 0.0057958947 0.0010526131 1,430,070.41 0.76 0.9656113504
2G-B4 125714B@3 740,000.00 0.0057958919 0.0010526081 714,552.41 0.38 0.9656113649
2G-B5 125714C#0 1,481,547.00 0.004845523 0.0008799788 1,123,530.94 0.60 0.7583498465
2G-M 125714A*6 7,403,000.00 0.0057958949 0.0010526138 7,148,420.72 3.79 0.9656113359
2GA3IO 125714CP8 0.00 0.0003206389 0
2GA4IO 125714CQ6 0.00 0.0003333333 0
1993-2H 1/25/97 315,871,665.00 109,512,394.19
- ----------------------------------------------------
2H-A1 125714CG8 180,386,000.00 0.0022121514 0.0121616074 62,539,647.94 57.11 0.3466990118
2H-A2 125714CH6 125,000,000.00 0.0023977185 0.0131817877 46,972,746.25 42.89 0.37578197
2H-A3 125714CJ2 10,485,000.00
</TABLE>
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS JANUARY 1997 DISTRIBUTION
<TABLE>
<CAPTION>
Series Payment Date Closing Balance Current Balance
% of
Class Cusip Number Coupon Closing Balance Interest Paid Principal Paid Current Balance Current Current
Per Class Per $1000 Per $1000 Per Class Balance Factor
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2I 1/25/97 367,955,786.00 157,254,770.42
- ----------------------------------------------------
2I-3IO 125714CL7 0.00 0.0001680865 0
2I-A1 125714CE3 237,519,000.00 0.0028856673 0.0049487154 106,117,092.20 67.48 0.4467730674
2I-A2 125714CD5 130,435,853.00 0.0023944295 0.0113553511 51,137,678.22 32.52 0.3920523157
1995-A 1/25/97 176,490,904.00 117,150,433.26
- ----------------------------------------------------
A1 125714CV5 82,117,691.00 0.0044093008 0.0334046107 54,574,152.92 46.58 0.6645846011
A2 125714CW3 94,373,113.00 0.0041482232 0.0203416462 62,576,280.34 53.42 0.6630731821
R 125714CX1 100.00
1996-A 1/25/97 115,119,131.00 82,771,778.34
- ---------------------------------------------------
A 125714CY9 115,119,031.00 0.0046128308 0.0243844457 82,771,678.34 100.00 0.7190095123
R 125714CZ6 100.00 0 0 100.00 0.00 1
1996-B 1/25/97 207,490,355.00 178,969,493.89
- ----------------------------------------------------
A1 125714DA0 0.00000 41,914,009.00 0.0053640362 0.0083474511 34,601,851.69 19.33 0.825543834
A2 125714DB8 0.00000 165,576,246.00 0.0054585347 0.0086601506 144,367,642.20 80.67 0.8719103476
R 125714DC6 100.00
1996-C 1/25/97 266,806,262.00 232,902,511.62
- ----------------------------------------------------
A 125714DD4 0.00000 266,806,062.00 0.0049549736 0.0503589006 232,902,511.62 100.00 0.8729281107
</TABLE>
