<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: April 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 APRIL 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 $ 959,645.14
SERIES 1993-2B $ 2,367,740.19
SERIES 1993-2C $ 2,103,291.74
SERIES 1993-2D $ 1,909,701.49
SERIES 1993-2E $ 2,903,826.18
SERIES 1993-2F $ 1,572,720.88
SERIES 1993-2G $ 2,266,631.22
SERIES 1993-2H $ 1,793,279.98
SERIES 1993-2I $ 3,707,599.48
SERIES 1995-A $ 4,232,686.21
SERIES 1996-A $ 1,074,818.19
SERIES 1996-B $ 3,804,864.94
SERIES 1996-C $14,703,246.60
</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
May 15, 1997 By: /s/ Phillip A. Reinsch
-----------------------------------
Phillip A. Reinsch - Vice President
<PAGE>
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
May 15, 1997 By: /s/ PHILLIP A. REINSCH
-----------------------------------
Phillip A. Reinsch - Vice President
<PAGE>
Capstead Mortgage Corporation EXHIBIT 28.1
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-MAR-97
<TABLE>
<CAPTION>
Deal Reference 93-2A 93-2B 93-2C 93-2D
-------------- -------------- --------------- --------------
<S> <C> <C> <C> <C>
Beginning Security Balance $65,150,246.28 $66,682,712.00 $130,298,176.11 $91,742,280.16
Loans Repurchased - - - -
Scheduled Principal Distribution 65,028.28 65,008.77 142,463.20 483,921.96
Additional Principal Distribution 16,532.10 888.52 40,764.71 222,603.92
Liquidations Distribution 467,823.38 1,881,688.80 1,119,701.60 680,055.07
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- -------------- --------------- --------------
Ending Security Balance $64,600,862.52 $64,735,125.91 $128,995,246.60 $90,355,699.21
============== ============== =============== ==============
Interest Distribution:
Due Certificate Holders $ 408,136.68 $ 420,154.09 $ 796,737.89 $ 522,307.78
Compensating Interest 2,124.69 - 3,624.34 811.83
Trustee Fee (Tx. Com. Bk.) 732.94 833.55 1,628.73 1,146.78
Pool Insurance Premium (PMI Mtg. Ins.) - - - -
Pool Insurance (GE Mort. Ins.) 15,766.36 19,137.94 - 14,770.51
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) 3,094.64 1,994.93 - -
Bond Manager Fee (Capstead) 1,031.55 1,048.85 1,628.73 1,337.91
Excess Compensating Interest (Capstead) - 3,945.65 - -
Administrative Fee (Capstead) 1,764.49 - 5,429.20 2,867.10
Administrative Fee (Other) - (11.41) - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) - - - -
-------------- -------------- --------------- --------------
Total fees 22,389.98 26,949.51 8,686.66 20,122.30
Servicing Fee 21,921.56 20,768.20 34,081.50 26,280.88
Interest on Accelerated Prepayments - - - -
-------------- -------------- --------------- --------------
Total Interest Distribution $ 454,572.91 $ 467,871.80 $ 843,130.39 $ 569,522.79
============== ============== =============== ==============
Loan Count 239 224 463 358
Weighted Average Pass-Through Rate 7.556589148 7.651951 7.371052341 6.842467082
</TABLE>
Page 1of 5
<PAGE>
Capstead Mortgage Corporation EXHIBIT 28.1
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-MAR-97
<TABLE>
<CAPTION>
Deal Reference 93-2E.A 93-2E.B 93-2F 93-2G
-------------- --------------- -------------- ----------------
<S> <C> <C> <C> <C>
Beginning Security Balance $59,727,889.57 $150,584,646.84 $78,985,001.00 $187,072,246.50
Loans Repurchased - - - -
Scheduled Principal Distribution 304,005.87 160,499.35 80,886.23 210,199.04
Additional Principal Distribution 15,503.56 32,690.76 5,480.62 76,385.01
Liquidations Distribution 468,378.42 694,169.72 990,196.20 858,430.81
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- --------------- -------------- ---------------
Ending Security Balance $58,940,001.72 $149,697,287.01 $77,908,437.95 $185,927,231.64
============== =============== ============== ===============
Interest Distribution:
Due Certificate Holders $ 332,527.23 $ 894,171.30 $ 496,157.83 $ 1,119,199.06
Compensating Interest 1,598.93 281.08 - 2,417.30
Trustee Fee (Tx. Com. Bk.) 647.05 1,631.33 987.28 2,104.56
Pool Insurance Premium (PMI Mtg. Ins.) 13,140.14 33,128.62 22,668.60 -
Pool Insurance (GE Mort. Ins.) - - - -
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) - - 2,362.96 -
Bond Manager Fee (Capstead) 746.60 1,882.31 1,579.70 2,338.40
Excess Compensating Interest (Capstead) - - - -
Administrative Fee (Capstead) 2,115.52 5,333.42 3,430.21 7,794.98
Administrative Fee (Other) - - 0.81 -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) - - - -
--------------- --------------- -------------- ---------------
Total Fees 16,649.31 41,975.68 31,029.56 12,237.94
Servicing Fee 17,093.20 40,077.34 25,069.57 47,216.05
Interest on Accelerated Prepaymet - - - -
--------------- --------------- -------------- ---------------
Total Interest Distribution $ 367,868.67 $ 976,505.40 $ 552,256.96 $ 1,181,070.35
=============== =============== ============== ===============
Loan Count 232 505 270 660
Weighted Average Pass-Through Rate 6.712967675 7.127837256 7.614115 7.194758481
</TABLE>
Page 2 of 5
<PAGE>
EXHIBIT 28.1
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-MAR-97
<TABLE>
<CAPTION>
Deal Reference 93-2H.1 93-2H.2 93-2I 93-2I.1
-------------- -------------- -------------- --------------
<S> <C> <C> <C> <C>
Beginning Security Balance $69,890,694.12 $36,593,168.00 $48,110,986.99 $48,554,072.47
Loans Repurchased - - - -
Scheduled Principal Distribution 65,431.60 38,499.33 46,462.52 44,303.67
Additional Principal Distribution 13,060.88 4,472.44 7,020.78 5,252.07
Liquidations Distribution 1,007,537.86 - - 474,379.03
Accelerated Prepayments - - - -
Adjustments (Cash) - - (7,704.00) -
Losses/Foreclosures - - 426,349.02 -
Special Hazard Account - - - -
-------------- -------------- -------------- --------------
Ending Security Balance $68,804,663.78 $36,550,196.23 $47,638,858.67 $48,030,137.70
============== ============== ============== ==============
Interest Distribution:
Due Certificate Holders $ 437,686.04 $ 226,592.21 $ 309,640.27 $ 306,368.23
Compensating Interest - - - -
Trustee Fee (Tx. Com. Bk.) 873.63 457.39 601.38 606.91
Pool Insurance Premium (PMI Mtg. Ins.) - - - -
Pool Insurance (GE Mort. Ins.) 20,547.87 10,502.28 13,679.48 14,274.90
Pool Insurance (United Guaranty Ins.) - - 2,563.69 -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) - - - -
Bond Manager Fee (Capstead) - 611.10 - -
Excess Compensating Interest (Capstead) 3,083.98 1,113.27 - 1,705.32
Administrative Fee (Capstead) 2,912.11 - 331.55 2,023.00
Administrative Fee (Other) - 346.03 - -
Excess-Fees - - (162.10) -
Special Hazard Insurance (Aetna Casualty) 1,811.33 1,094.75 1,439.38 1,258.35
-------------- -------------- -------------- --------------
Total Fees 29,228.92 14,124.82 18,453.38 19,868.48
Servicing Fee 21,840.84 12,116.76 15,034.61 15,173.19
Interest on Accelerated Prepayments - - - -
-------------- -------------- -------------- --------------
Total Interest Distribution $ 488,755.80 $ 252,833.79 $ 343,128.26 $ 341,409.90
============== ============== ============== ==============
Loan Count 247 120 186 190
Weighted Average Pass-Through Rate 7.514923905 7.540707 7.643907 7.571803091
</TABLE>
Page 3 of 5
<PAGE>
Capstead Mortgage Corporation EXHIBIT 28.1
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-MAR-97
<TABLE>
<CAPTION>
Deal Reference 93-2I.2 1995-A 1996-A 1996-B
-------------- --------------- -------------- ---------------
<S> <C> <C> <C> <C>
Beginning Security Balance $55,569,708.22 $108,527,643.48 $79,796,244.57 $173,391,099.43
Loans Repurchased - - - -
Scheduled Principal Distribution 49,603.40 89,496.43 73,083.82 156,531.00
Additional Principal Distribution 3,176.70 52,238.11 27,174.57 12,717.13
Liquidations Distribution 1,690,140.95 3,414,688.58 471,956.84 2,552,704.79
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- --------------- -------------- ---------------
Ending Security Balance $53,826,787.17 $104,971,220.36 $79,224,029.34 $170,669,146.51
============== =============== ============== ===============
Interest Distribution:
Due Certificate Holders $ 347,321.51 $ 676,263.09 $ 502,602.95 $ 1,082,912.04
Compensating Interest - - - -
Trustee Fee (Tx. Com. Bk.) 694.63 904.40 997.45 2,167.39
Pool Insurance Premium (PMI Mtg. Ins.) 16,036.49 - - 46,858.95
Pool Insurance (GE Mort. Ins.) - 40,697.86 22,981.32 -
Pool Insurance (United Guaranty Ins.) 2,563.69 - - 3,994.96
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) - - - -
Bond Manager Fee (Capstead) - - - -
Excess Compensating Interest (Capstead) 4,688.36 7,192.67 988.81 6,660.23
Administrative Fee (Capstead) 2,315.37 2,959.26 3,324.84 7,224.50
Administrative Fee (Other) - - - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) 1,662.46 2,487.09 1,828.66 5,013.89
-------------- --------------- -------------- ---------------
Total Fees 27,961.00 54,241.28 30,121.08 71,919.92
Servicing Fee 17,365.52 33,914.93 22,333.47 50,511.38
Interest on Accelerated Prepayments - - - -
-------------- --------------- -------------- ---------------
Total Interest Distribution $ 392,648.03 $ 764,419.30 $ 555,057.50 $ 1,205,343.34
============== =============== ============== ===============
Loan Count 216 465 276 569
Weighted Average Pass-Through Rate 7.500233947 7.477502339 7.558294795 7.494585664
</TABLE>
Page 4 of 5
<PAGE>
EXHIBIT 28.1
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-MAR-97
<TABLE>
<CAPTION>
Deal Reference 1996-C.1 1996-C.2 1996-C.3
-------------- -------------- --------------
<S> <C> <C> <C>
Beginning Security Balance $43,171,963.58 $97,240,480.56 $68,943,483.43
Loans Repurchased - - -
Scheduled Principal Distribution 35,606.02 85,584.37 55,434.41
Additional Principal Distribution 8,256.73 13,106.74 29,190.67
Liquidations Distribution 495,174.28 9,675,117.65 3,099,889.99
Accelerated Prepayments - - -
Adjustments (Cash) - - -
Losses/Foreclosures - - -
Special Hazard Account - - -
-------------- -------------- --------------
Ending Security Balance $42,632,926.55 $87,466,671.80 $65,758,968.36
============== ============== ==============
Interest Distribution:
Due Certificate Holders $ 273,799.57 $ 606,564.05 $ 431,383.50
Compensating Interest - 2,525.73 -
Trustee Fee (Tx. Com. Bk.) 539.65 810.34 574.54
Pool Insurance Premium (PMI Mtg. Ins.) - - -
Pool Insurance (GE Mort. Ins.) 12,433.52 - -
Pool Insurance (United Guaranty Ins.) - - 25,681.45
Backup for Pool Insurance (Fin. Sec. Assur.) - - -
Special Hazard Insurance (Comm. and Ind.) - - -
Bond Manager Fee (Capstead) - - -
Excess Compensating Interest (Capstead) 2,265.37 1,526.91 6,107.65
Administrative Fee (Capstead) 2,158.60 2,025.88 2,805.37
Administrative Fee (Other) - - -
Excess-Fees - - -
Special Hazard Insurance (Aetna Casualty) 989.36 - 1,993.61
-------------- -------------- --------------
Total Fees 18,386.50 4,363.13 37,162.62
Servicing Fee 13,491.26 25,409.37 21,544.84
Interest on Accelerated Prepayments - - -
-------------- -------------- --------------
Total Interest Distribution $ 305,677.33 $ 638,862.28 $ 490,090.96
============== ============== ==============
Loan Count 167 365 284
Weighted Average Pass-Through Rate 7.610482747 7.516496543 7.508472
</TABLE>
Page 5 of 5
<PAGE>
EXHIBIT 28.2
SOURCE: TEXAS COMMERCE BANK
APRIL 1997 DISTRIBUTION
CMC SECURITIES CORPORATION II
BOND BALANCES AND FACTORS
<TABLE>
<CAPTION>
Series Payment Date Closing Balance Current Balance
Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Class Cusip Number Coupon Per Class Per $1000 Per $1000 Per Class Balance Factor
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2A 4/25/97 149,572,077.00 64,600,860.67
- --------------------------------------------------------
A 125714AC9 34,791,000.00
D 125714AD7 8,535,000.00
E 125714AE5 7.25000 28,652,000.00 0.0059334532 0.0172328204 27,645,054.11 42.79 0.9648559999
F 125714AG0 7.25000 10,692,000.00 0.0060416667 0 10,692,000.00 16.55 1
G 125714AH8 7.25000 16,410,000.00 0.0060416667 0 16,410,000.00 25.40 1
H 125714AJ4 7.25000 3,006,000.00 0.0060416667 0 3,006,000.00 4.65 1
I 125714AF2 7.25000 12,057,000.00 0.0018111313 0.0045567944 3,559,427.34 5.51 0.2952166658
J 125714AK1 7.25000 2,901,000.00 0.0060416684 0 2,901,000.00 4.49 1
KPO 125714AM7 0.00000 772,949.00 0 0.0008897482 387,251.22 0.60 0.5010048787
LIO 125714AN5 0.00 0.0001269562 0
R 125714AL9 7.25000 128.00 0.006015625 0 128.00 0.00 1
1993-2B 4/25/97 189,529,970.00 64,735,129.21
- --------------------------------------------------------
2B-A 125714AP0 189,529,000.00 0.0022168327 0.0102759266 64,735,129.21 100.00 0.3415579105
1993-2C 4/25/97 207,040,201.00 128,995,247.21
- ---------------------------------------------------------
A-2 125714BB0 6.50000 27,680,000.00 0.0016042124 0.0119583324 7,866,765.08 6.10 0.2842039408
A-3 125714BC8 10,312,000.00 0.0023962432 0.0119583243 2,930,712.01 2.27 0.2842040351
A-4 125714BD6 33,521,000.00 0.0037814898 0.0248573909 19,803,046.98 15.35 0.5907654002
A-5 000005CQR 84,357,000.00 0.0061425434 0 84,357,000.00 65.40 1
A-R 125714AZ8 1,000.00 0.00614 0 1,000.00 0.00 1
B-1 000007CQR 5,694,392.00 0.0059131774 0.0011075247 5,475,454.40 4.24 0.9615520674
B-2 000008CQR 3,623,203.00 0.0059131796 0.0011075201 3,483,898.47 2.70 0.9615521046
B-3 000009CQR 2,588,003.00 0.0059131771 0.001107518 2,488,499.74 1.93 0.9615521079
B-4 000010CQR 1,345,761.00 0.0059131748 0.0011075221 1,294,019.30 1.00 0.9615520884
B-5 000011CQR 621,120.00 0.005913173 0.0011075155 597,239.24 0.46 0.9615520994
B-6 000012CQR 1,138,722.00 0.003763087 0 697,611.99 0.54 0.6126271294
</TABLE>
Page 1 of 4
<PAGE>
EXHIBIT 28.2
SOURCE: TEXAS COMMERCE BANK
APRIL 1997 DISTRIBUTION
CMC SECURITIES CORPORATION II
BOND BALANCES AND FACTORS
<TABLE>
<CAPTION>
Series Payment Date Closing Balance Current Balance
Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Class Cusip Number Coupon Per Class Per $1000 Per $1000 Per Class Balance Factor
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2D 4/25/97 175,093,365.00 90,355,698.60
- --------------------------------------------------------
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.0017813759 0.0130394263 8,009,344.20 8.86 0.2993699708
B 125714AT2 39,792,000.00 0.003562741 0.0260787359 23,824,989.40 26.37 0.5987381735
C 125714AU9 29,251,000.00 0.005702056 0 29,251,000.00 32.37 1
D 125714AV7 17,072,000.00 0.005702056 0 17,072,000.00 18.89 1
E 125714AW5 1,897,000.00 0.0057020559 0 1,897,000.00 2.10 1
F 125714AX3 10,300,365.00 0.0057020562 0 10,300,365.00 11.40 1
R 125714AY1 1,000.00 0.0057 0 1,000.00 0.00 1
1993-2E 4/25/97 317,870,015.00 208,637,488.49
- ---------------------------------------------------------
15A 125714BE4 6.75000 86,454,000.00 0.0034211795 0.0080631044 51,885,071.87 24.87 0.6001465736
15B 125714BF1 6.75000 9,494,478.45 0.0034211791 0.0080631047 5,698,078.69 2.73 0.6001465999
15CPO 125714BG9 0.00000 1,972,695.84 0 0.0071931053 1,354,094.35 0.65 0.6864181557
15DIO 125714BH7 5,911.86 0.9910487145 0.0093893775 2,957.24 0.00 0.5002097429
30A 125714BT1 29,444,000.00
30B 125714BL8 5.50000 9,738,000.00 0.0013900965 0.082511337 2,149,978.70 1.03 0.220782368
30CIO 125714BM6 1.50000 0.00 0.0003791169 0
30D 125714BU8 7.00000 922,000.00 0.0017692082 0.0825113341 203,561.36 0.10 0.2207823861
30E 125714BV6 7.00000 29,092,000.00 0.0058333332 0 29,092,000.00 13.94 1
30F 125714BW4 7.00000 11,747,000.00 0.0058333336 0 11,747,000.00 5.63 1
30G 125714BX2 7.00000 24,409,000.00 0.0058333332 0 24,409,000.00 11.70 1
30H 125714BY0 7.00000 21,450,000.00 0.0058333333 0 21,450,000.00 10.28 1
30I 125714BZ7 7.00000 13,542,000.00 0.0058333333 0 13,542,000.00 6.49 1
30J 125714CA1 40,256,000.00 0.0039046194 0 32,403,578.22 15.53 0.8049378532
30K 125714CB9 17,252,571.43 0.0065407909 0 13,887,247.79 6.66 0.8049378722
30NIO 125714BR5 0.00 0.0000947041 0
30PPO 125714BS3 0.00000 1,089,658.82 0 0.0071474012 812,920.27 0.39 0.7460318044
</TABLE>
Page 2 of 4
<PAGE>
EXHIBIT 28.2
SOURCE: TEXAS COMMERCE BANK
APRIL 1997 DISTRIBUTION
CMC SECURITIES CORPORATION II
BOND BALANCES AND FACTORS
<TABLE>
<CAPTION>
Series Payment Date Closing Balance Current Balance
Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Class Cusip Number Coupon Per Class Per $1000 Per $1000 Per Class Balance Factor
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2F 4/25/97 222,866,291.00 77,908,437.71
- --------------------------------------------------------
A 125714BJ3 222,866,000.00 0.0022262605 0.0048305397 77,908,437.71 100.00 0.3495752502
1993-2G 4/25/97 246,780,547.00 185,927,232.40
- ---------------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.0034343537 0.0110441137 33,162,123.85 17.84 0.5617652095
2G-A2 125714CS2 27,342,000.00 0.002785561 0.0042078517 12,587,999.81 6.77 0.4603906009
2G-A3 125714CT0 25,200,000.00 0.0012962821 0.014165825 6,292,923.98 3.38 0.2497192056
2G-A4 125714CU7 15,000,000.00 0.0056622987 0 15,000,000.00 8.07 1
2G-A5 125714A#2 100,190,000.00 0.0059956317 0 100,190,000.00 53.89 1
2G-B1 125714A@4 4,936,000.00 0.0057766876 0.0010825932 4,750,407.45 2.55 0.9624002127
2G-B2 125714B#1 3,701,000.00 0.0057766874 0.0010825939 3,561,843.18 1.92 0.9624002108
2G-B3 125714B*5 1,481,000.00 0.0057766847 0.0010825928 1,425,314.72 0.77 0.9624002161
2G-B4 125714B@3 740,000.00 0.0057766892 0.0010825946 712,176.17 0.38 0.9624002297
2G-B5 125714C#0 1,481,547.00 0.0045367646 0.0008502194 1,119,794.65 0.60 0.7558279623
2G-M 125714A*6 7,403,000.00 0.0057766878 0.0010826016 7,124,648.59 3.83 0.9624001878
2GA3IO 125714CP8 0.00 0.0002858754 0
2GA4IO 125714CQ6 0.00 0.0003333333 0
1993-2H 4/25/97 315,871,665.00 105,354,860.56
- ---------------------------------------------------------
2H-A1 125714CG8 180,386,000.00 0.0021029986 0.0035742418 60,165,389.84 57.11 0.3335369144
2H-A2 125714CH6 125,000,000.00 0.0022794093 0.0038740683 45,189,470.72 42.89 0.3615157658
2H-A3 125714CJ2 10,485,000.00
1993-2I 4/25/97 367,955,786.00 149,487,960.59
- ---------------------------------------------------------
2I-3IO 125714CL7 0.00 0.000155102 0
2I-A1 125714CE3 237,519,000.00 0.0027586589 0.0093587089 101,457,823.32 67.87 0.4271566625
2I-A2 125714CD5 130,435,853.00 0.0021874974 0.0040168054 48,030,137.27 32.13 0.3682280306
</TABLE>
Page 3 of 4
<PAGE>
EXHIBIT 28.2
SOURCE: TEXAS COMMERCE BANK
APRIL 1997 DISTRIBUTION
CMC SECURITIES CORPORATION II
BOND BALANCES AND FACTORS
<TABLE>
<CAPTION>
Series Payment Date Closing Balance Current Balance
Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Class Cusip Number Coupon Per Class Per $1000 Per $1000 Per Class Balance Factor
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1995-A 4/25/97 176,490,904.00 104,971,219.33
- --------------------------------------------------------
A1 125714CV5 82,117,691.00 0.003930542 0.0138780161 49,734,187.94 47.38 0.6056452311
A2 125714CW3 94,373,113.00 0.0037457285 0.0256089092 55,237,031.39 52.62 0.5853047508
R 125714CX1 100.00
1996-A 4/25/97 115,119,131.00 79,224,028.47
- -------------------------------------------------------
A 125714CY9 115,119,031.00 0.0043659415 0.0049706397 79,224,028.47 100.00 0.6881922805
R 125714CZ6 100.00
1996-B 4/25/97 207,490,355.00 170,669,145.50
- --------------------------------------------------------
A1 125714DA0 0.00000 41,914,009.00 0.0050580442 0.0188212521 32,748,854.65 19.19 0.7813343422
A2 125714DB8 0.00000 165,576,246.00 0.0052598675 0.0116748557 137,920,290.85 80.81 0.832971481
R 125714DC6 100.00
1996-C 4/25/97 266,806,262.00 194,710,917.88
- --------------------------------------------------------
A 125714DD4 0.00000 266,806,062.00 0.0040177109 0.0510906532 194,710,917.88 100.00 0.72978446
R N/A 100.00
X N/A 100.00
</TABLE>
Page 4 of 4
