<PAGE>
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: JUNE 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 JUNE 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 $ 479,445.94
Series 1993-2B $ 3,133,634.13
Series 1993-2C $ 1,655,465.86
Series 1993-2D $ 1,349,552.36
Series 1993-2E $ 2,715,852.63
Series 1993-2F $ 2,709,304.62
Series 1993-2G $ 2,096,768.65
Series 1993-2H $ 3,585,043.58
Series 1993-2I $ 4,356,049.28
Series 1995-A $ 4,142,163.61
Series 1996-A $ 2,662,787.07
Series 1996-B $ 5,922,931.44
Series 1996-C $13,529,824.20
</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
August 13, 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: 30-JUN-97
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2A 93-2B 93-2C 93-2D 93-2E.A
-------------- -------------- --------------- -------------- --------------
<S> <C> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $63,651,219.92 $63,595,033.00 $126,561,319.98 $88,725,160.21 $58,143,085.37
Loans Repurchased -- -- -- -- --
Scheduled Principal Distribution 64,859.60 62,237.36 127,418.94 482,600.02 303,293.16
Additional Principal Distribution 13,705.55 17,930.49 34,241.76 172,041.76 49,849.79
Liquidations Distribution -- 2,655,351.90 716,622.75 188,932.20 552,098.45
Accelerated Prepayments -- -- -- -- --
Adjustments (Cash) -- -- 17,488.72 -- --
Losses/Foreclosures -- -- -- -- --
Special Hazard Account -- -- -- -- --
-------------- -------------- --------------- -------------- --------------
Ending Security Balance $63,572,654.77 $60,859,513.25 $125,665,547.81 $87,881,586.23 $57,237,843.97
============== ============== =============== ============== ==============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 400,880.78 $ 398,114.44 $ 777,097.25 $ 504,978.62 $ 324,521.85
Compensating Interest -- -- 85.16 998.41 636.60
Trustee Fee (Tx. Com. Bk.) 716.08 794.99 1,582.02 1,109.06 629.88
Pool Insurance Premium (PMI Mtg. Ins.) -- -- -- -- 12,791.48
Pool Insurance (GE Mort. Ins.) 15,403.60 18,251.82 -- 14,284.75 --
Pool Insurance (United Guaranty Ins.) -- -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) 3,023.43 -- -- -- --
Special Hazard Insurance (Comm. and Ind.) -- 1,902.59 -- -- --
Bond Manager Fee (Capstead) -- 1,059.92 1,582.02 1,293.91 726.79
Excess Compensating Interest (Capstead) -- 6,039.80 -- -- --
Administrative Fee (Capstead) 1,723.86 -- 5,273.49 2,772.73 2,059.30
Administrative Fee (Other) 1,007.81 (11.67) -- -- --
Excess-Fees -- -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- -- -- --
Other -- (79.58) -- -- --
-------------- -------------- --------------- -------------- --------------
Total Fees 21,874.78 27,957.87 8,437.53 19,460.45 16,207.45
-------------- -------------- --------------- -------------- --------------
Servicing Fee 21,362.50 19,803.28 33,287.73 25,323.72 16,689.73
Interest on Accelerated Prepayments -- -- -- -- --
-------------- -------------- --------------- -------------- --------------
Total Interest Distribution $ 444,118.06 $ 445,875.59 $ 818,907.67 $ 550,761.20 $ 358,055.63
============== ============== =============== ============== ==============
LOAN COUNT 234 215 454 352 228
WEIGHTED AVERAGE PASS-THROUGH RATE 7.557702 7.6455819 7.368909 6.843295 6.710861
</TABLE>
Page 1 of 4
<PAGE>
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-JUN-97
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2E.B 93-2F 93-2G 93-2H.1 93-2H.2
--------------- -------------- --------------- -------------- --------------
<S> <C> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $147,426,787.10 $74,767,838.00 $183,492,934.33 $67,908,044.07 $36,250,659.00
Loans Repurchased -- -- -- -- --
Scheduled Principal Distribution 158,526.85 74,503.67 210,882.66 63,853.15 36,788.19
Additional Principal Distribution 35,215.83 5,553.23 268,387.68 16,085.11 9,033.50
Liquidations Distribution 416,216.85 2,160,033.50 517,307.61 2,228,047.17 577,787.80
Accelerated Prepayments -- -- -- -- --
Adjustments (Cash) -- -- -- -- --
Losses/Foreclosures -- -- -- -- --
Special Hazard Account -- -- -- -- --
--------------- -------------- --------------- -------------- --------------
Ending Security Balance $146,816,827.57 $72,527,747.60 $182,496,356.38 $65,600,058.64 $35,627,049.51
=============== ============== =============== ============== ==============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 874,967.54 $ 469,213.92 $ 1,099,163.09 $ 23,392.44 $ 230,055.69
Compensating Interest 525.75 -- 1,027.61 -- --
Trustee Fee (Tx. Com. Bk.) 1,597.12 934.67 2,064.30 848.84 453.10
Pool Insurance Premium (PMI Mtg. Ins.) 32,433.89 -- -- -- --
Pool Insurance (GE Mort. Ins.) -- 21,458.32 -- 19,964.97 10,403.95
Pool Insurance (United Guaranty Ins.) -- -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- -- -- --
Bond Manager Fee (Capstead) 1,842.83 1,246.13 2,293.66 -- 1,735.98
Excess Compensating Interest (Capstead) -- 5,541.82 -- 8,821.41 159.96
Administrative Fee (Capstead) 5,221.56 -- 7,645.88 2,829.49 --
Administrative Fee (Other) -- (0.09) -- -- 345.07
Excess-Fees -- -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- 2,236.83 -- 1,759.95 1,084.50
Other -- -- -- -- --
--------------- -------------- --------------- -------------- --------------
Total Fees 41,095.40 31,417.68 12,003.84 34,224.66 14,182.56
--------------- -------------- --------------- -------------- --------------
Servicing Fee 38,975.28 23,750.30 46,448.78 21,221.25 12,008.39
Interest on Accelerated Prepayments -- -- -- -- --
--------------- -------------- --------------- -------------- --------------
Total Interest Distribution $ 955,563.97 $ 524,381.90 $ 1,158,643.32 $ 478,838.35 $ 256,246.64
=============== ============== =============== ============== ==============
LOAN COUNT 497 256 651 240 119
WEIGHTED AVERAGE PASS-THROUGH RATE 7.126194 7.639672 7.194985 7.481749 7.651769
</TABLE>
Page 2 of 4
<PAGE>
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-JUN-97
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2I 93-2I.1 93-2I.2 1995-A 1996-A
-------------- -------------- -------------- --------------- --------------
<S> <C> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $47,199,057.95 $46,853,393.25 $51,448,765.80 $103,179,322.65 $76,628,644.65
Loans Repurchased -- -- -- -- --
Scheduled Principal Distribution 46,681.72 43,474.92 46,702.15 85,121.01 71,081.27
Additional Principal Distribution 15,493.82 2,437.67 27,590.06 138,712.23 20,148.88
Liquidations Distribution 479,217.99 1,138,669.48 1,590,647.87 3,269,075.10 2,085,159.10
Accelerated Prepayments -- -- -- -- --
Adjustments (Cash) 109.66 -- -- -- --
Losses/Foreclosures 45,702.74 -- -- -- --
Special Hazard Account -- -- -- -- --
-------------- -------------- -------------- --------------- --------------
Ending Security Balance $46,611,852.02 $45,668,811.18 $49,783,825.72 $ 99,686,414.31 $74,452,255.40
============== ============== ============== =============== ==============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 300,471.28 $ 295,088.11 $ 323,761.28 $ 649,255.26 $ 486,397.83
Compensating Interest -- -- -- -- --
Trustee Fee (Tx. Com. Bk.) 590.06 585.67 643.11 859.83 957.86
Pool Insurance Premium (PMI Mtg. Ins.) 13,420.57 -- 14,847.26 -- --
Pool Insurance (GE Mort. Ins.) -- 13,774.89 -- 38,692.24 22,069.05
Pool Insurance (United Guaranty Ins.) -- -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- 2,390.64 -- --
Special Hazard Insurance (Comm. and Ind.) -- -- -- -- --
Bond Manager Fee (Capstead) 2,425.02 -- -- -- --
Excess Compensating Interest (Capstead) 808.26 1,911.06 1,887.36 7,371.45 2,667.75
Administrative Fee (Capstead) 327.95 1,952.22 2,143.64 2,798.46 3,192.90
Administrative Fee (Other) (161.94) -- -- -- --
Excess-Fees -- -- -- -- --
Special Hazard Insurance (Aetna Casualty) 1,412.09 1,214.28 1,539.17 2,364.53 1,756.07
Other 0.44 -- -- -- --
-------------- -------------- -------------- --------------- --------------
Total Fees 18,822.45 19,438.12 23,451.18 52,086.51 30,643.63
-------------- -------------- -------------- --------------- --------------
Servicing Fee 14,749.67 14,641.71 16,077.74 32,243.56 21,417.83
Interest on Accelerated Prepayments -- -- -- -- --
-------------- -------------- -------------- --------------- --------------
Total Interest Distribution $ 334,043.40 $ 329,167.94 $ 363,290.20 $ 733,585.33 $ 538,459.29
============== ============== ============== =============== ==============
LOAN COUNT 179 184 201 443 267
WEIGHTED AVERAGE PASS-THROUGH RATE 7.639959 7.557739 7.551465 7.550993 7.616961
</TABLE>
Page 3 of 4
<PAGE>
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-JUN-97
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-B 1996-C.1 1996-C.2 1996-C.3
--------------- -------------- -------------- --------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $167,315,074.25 $41,399,883.88 $78,252,500.71 $61,999,095.34
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 151,365.36 34,458.19 63,725.03 49,971.41
Additional Principal Distribution 20,507.71 142,841.95 24,930.42 19,556.67
Liquidations Distribution 4,698,431.09 1,821,207.31 8,608,812.97 1,606,581.02
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
--------------- -------------- -------------- --------------
Ending Security Balance $162,444,770.09 $39,401,376.43 $69,555,032.29 $60,322,986.24
=============== ============== ============== ==============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 1,052,627.30 $ 260,406.25 $ 520,686.83 $ 374,542.32
Compensating Interest -- -- 2,103.83 --
Trustee Fee (Tx. Com. Bk.) 2,091.43 517.49 652.10 516.67
Pool Insurance Premium (PMI Mtg. Ins.) 45,216.90 -- -- --
Pool Insurance (GE Mort. Ins.) -- 11,923.17 -- --
Pool Insurance (United Guaranty Ins.) -- -- -- 23,094.66
Backup for Pool Insurance (Fin. Sec. Assur.) 3,918.41 -- -- 16,536.85
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) -- -- -- --
Excess Compensating Interest (Capstead) 9,152.01 3,870.10 538.06 1,671.70
Administrative Fee (Capstead) 6,971.41 2,069.98 1,630.31 2,503.12
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) 4,838.19 948.75 -- 1,792.81
Other -- -- -- --
--------------- -------------- -------------- --------------
Total Fees 72,188.35 19,329.49 2,820.47 46,115.81
--------------- -------------- -------------- --------------
Servicing Fee 48,727.81 12,937.45 19,865.88 19,374.81
Interest on Accelerated Prepayments -- -- -- --
--------------- -------------- -------------- --------------
Total Interest Distribution $ 1,173,543.46 $ 292,673.19 $ 545,477.01 $ 440,032.94
=============== ============== ============== ==============
LOAN COUNT 552 159 304 256
WEIGHTED AVERAGE PASS-THROUGH RATE 7.549545 7.548028 8.016981 7.569385
</TABLE>
Page 4 of 4
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS JUNE 1997 DISTRIBUTION
<TABLE>
<CAPTION>
Series Payment Date Closing Balance Current Balance
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
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2A 6/25/97 149,572,077.00 63,572,652.85
- ------------------------------------------------------------
A 125714AC9 34,791,000.00
D 125714AD7 8,535,000.00
E 125714AE5 7.25000 28,652,000.00 0.0056524417 0.002446454 26,736,044.27 42.06 0.9331301225
F 125714AG0 7.25000 10,692,000.00 0.0060416667 0 10,692,000.00 16.82 1
G 125714AH8 7.25000 16,410,000.00 0.0060416667 0 16,410,000.00 25.81 1
H 125714AJ4 7.25000 3,006,000.00 0.0060416667 0 3,006,000.00 4.73 1
I 125714AF2 7.25000 12,057,000.00 0.0017360123 0.0006516538 3,456,601.10 5.44 0.2866883221
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 0.0007923162 370,879.48 0.58 0.4798239987
LIO 125714AN5 0.00 0.0001241256 0
R 125714AL9 7.25000 128.00 0.006015625 0 128.00 0.00 1
1993-2B 6/25/97 189,529,970.00 60,859,515.28
- -----------------------------------------------------
2B-A 125714AP0 189,529,000.00 0.0021005463 0.0144332513 60,859,515.28 100.0 0.3211092512
1993-2C 6/25/97 207,040,201.00 125,665,548.39
- ------------------------------------------------------
A-2 125714BB0 6.50000 27,680,000.00 0.0014177735 0.0080259989 7,022,880.95 5.59 0.2537167973
A-3 125714BC8 10,312,000.00 0.0021160337 0.008025993 2,616,328.82 2.08 0.2537169143
A-4 125714BD6 33,521,000.00 0.0033410396 0.0166833788 17,678,733.44 14.07 0.5273927818
A-5 000005CQR 84,357,000.00 0.0061407575 0 84,357,000.00 67.13 1
A-R 125714AZ8 1,000.00 0.00614 0 1,000.00 0.00 1
B-1 000007CQR 5,694,392.00 0.0058977903 0.0009669461 5,463,580.44 4.35 0.9594668649
B-2 000008CQR 3,623,203.00 0.0058977926 0.0009669428 3,476,343.37 2.77 0.9594669054
B-3 000009CQR 2,588,003.00 0.0058977907 0.0009669425 2,483,103.24 1.98 0.9594669094
B-4 000010CQR 1,345,761.00 0.0058977931 0.0009669399 1,291,213.12 1.03 0.959466889
B-5 000011CQR 621,120.00 0.0058977975 0.0009669468 595,944.08 0.47 0.9594668985
B-6 000012CQR 1,138,722.00 0.0037619981 0.0006167792 679,420.93 0.54 0.5966521504
</TABLE>
Page 1 of 4
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK
BOND BALANCES AND FACTORS JUNE 1997 DISTRIBUTION
<TABLE>
<CAPTION>
Series Payment Date Closing Balance Current Balance
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
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2D 6/25/97 175,093,365.00 87,881,585.58
- -----------------------------------------------------
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.0016197873 0.0079329887 7,386,870.19 8.41 0.2761033935
B 125714AT2 39,792,000.00 0.0032395652 0.0158659062 21,973,350.39 25.00 0.5522052269
C 125714AU9 29,251,000.00 0.0057027459 0 29,251,000.00 33.28 1
D 125714AV7 17,072,000.00 0.005702746 0 17,072,000.00 19.43 1
E 125714AW5 1,897,000.00 0.0057027464 0 1,897,000.00 2.16 1
F 125714AX3 10,300,365.00 0.0057027455 0 10,300,365.00 11.72 1
R 125714AY1 1,000.00 0.0057 0 1,000.00 0.00 1
1993-2E 6/25/97 317,870,015.00 204,054,948.30
- -----------------------------------------------------
15A 125714BE4 6.75000 86,454,000.00 0.0033301706 0.0091794257 50,389,792.78 24.69 0.5828509124
15B 125714BF1 6.75000 9,494,478.45 0.0033301704 0.0091794262 5,533,865.41 2.71 0.5828509382
15CPO 125714BG9 0.00000 1,972,695.84 0 0.012404334 1,311,506.16 0.64 0.66482933
15DIO 125714BH7 5,911.86 0.9511806495 0.0032933018 2,957.24 0.00 0.5002097429
30A 125714BT1 29,444,000.00
30B 125714BL8 5.50000 9,738,000.00 0.0000375662 0.0081962395 0.00 0.00 0
30CIO 125714BM6 1.50000 0.00 0.0000102454 0
30D 125714BU8 7.00000 922,000.00 0.0000478091 0.0081962364 0.02 0.00 0.0000000217
30E 125714BV6 7.00000 29,092,000.00 0.0058333332 0.0179273646 28,570,457.11 14.00 0.9820726354
30F 125714BW4 7.00000 11,747,000.00 0.0058333336 0 11,747,000.00 5.76 1
30G 125714BX2 7.00000 24,409,000.00 0.0058333332 0 24,409,000.00 11.96 1
30H 125714BY0 7.00000 21,450,000.00 0.0058333333 0 21,450,000.00 10.51 1
30I 125714BZ7 7.00000 13,542,000.00 0.0058333333 0 13,542,000.00 6.64 1
30J 125714CA1 40,256,000.00 0.0038771174 0 32,403,578.22 15.88 0.8049378532
30K 125714CB9 17,252,571.43 0.006605186 0 13,887,247.79 6.81 0.8049378722
30NIO 125714BR5 0.00 0.0000919358 0
30PPO 125714BS3 0.00000 1,089,658.82 0 0.0009595938 807,543.57 0.40 0.7410975085
</TABLE>
Page 2 of 4
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK
BOND BALANCES AND FACTORS JUNE 1997 DISTRIBUTION
<TABLE>
<CAPTION>
Series Payment Date Closing Balance Current Balance
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
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2F 6/25/97 222,866,291.00 72,527,747.67
- -----------------------------------------------------
A 125714BJ3 222,866,000.00 0.0021053634 0.0100512896 72,527,747.67 100.00 0.3254320878
1993-2G 6/25/97 246,780,547.00 182,496,357.17
- -------------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.0032260798 0.0095813569 31,196,840.61 17.09 0.5284733807
2G-A2 125714CS2 27,342,000.00 0.0027062545 0.0036505354 12,241,185.12 6.71 0.4477062804
2G-A3 125714CT0 25,200,000.00 0.0010773417 0.0122896075 5,216,832.44 2.86 0.2070171603
2G-A4 125714CU7 15,000,000.00 0.0056624873 0 15,000,000.00 8.22 1
2G-A5 125714A#2 100,190,000.00 0.0059958208 0 100,190,000.00 54.90 1
2G-B1 125714A@4 4,936,000.00 0.005763827 0.0011047994 4,739,560.50 2.60 0.9602026945
2G-B2 125714B#1 3,701,000.00 0.0057638287 0.0011048014 3,553,710.16 1.95 0.9602026912
2G-B3 125714B*5 1,481,000.00 0.0057638285 0.0011048008 1,422,060.19 0.78 0.9602026941
2G-B4 125714B@3 740,000.00 0.0057638243 0.0011047973 710,550.01 0.39 0.9602027162
2G-B5 125714C#0 1,481,547.00 0.0045266603 0.0008676336 1,117,237.78 0.61 0.7541021513
2G-M 125714A*6 7,403,000.00 0.0057638268 0.0011048008 7,108,380.36 3.90 0.9602026692
2GA3IO 125714CP8 0.00 0.0002375821 0
2GA4IO 125714CQ6 0.00 0.0003333333 0
1993-2H 6/25/97 315,871,665.00 101,227,108.12
- ------------------------------------------------------
2H-A1 125714CG8 180,386,000.00 0.002068714 0.00928097 57,808,138.98 57.11 0.3204690995
2H-A2 125714CH6 125,000,000.00 0.0022422487 0.0100595071 43,418,969.14 42.89 0.3473517531
2H-A3 125714CJ2 10,485,000.00
1993-2I 6/25/97 367,955,786.00 142,064,488.57
- ------------------------------------------------------
2I-3IO 125714CL7 0.00 0.0001496694 0
2I-A1 125714CE3 237,519,000.00 0.0026314254 0.0094819648 96,395,677.51 67.85 0.4058440694
2I-A2 125714CD5 130,435,853.00 0.0021066668 0.0090817194 45,668,811.06 32.15 0.3501246782
</TABLE>
Page 3 of 4
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK
BOND BALANCES AND FACTORS JUNE 1997 DISTRIBUTION
<TABLE>
<CAPTION>
Series Payment Date Closing Balance Current Balance
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
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1995-A 6/25/97 176,490,904.00 99,686,413.28
- -------------------------------------------------------
A1 125714CV5 82,117,691.00 0.0037224287 0.0228615981 46,645,913.88 46.79 0.5680373293
A2 125714CW3 94,373,113.00 0.0036406345 0.0171189297 53,040,499.40 53.21 0.5620297743
R 125714CX1 100.00
1996-A 6/25/97 115,119,131.00 74,452,254.53
- ------------------------------------------------------
A 125714CY9 115,119,031.00 0.004225173 0.0189055557 74,452,254.53 100.00 0.6467414978
R 125714CZ6 100.00
1996-B 6/25/97 207,490,355.00 162,444,769.00
- -------------------------------------------------------
A1 125714DA0 0.00000 41,914,009.00 0.0048786648 0.0055937877 31,947,411.24 19.67 0.7622132075
A2 125714DB8 0.00000 165,576,246.00 0.0051223702 0.0279982561 130,497,357.76 80.33 0.7881405752
R 125714DC6 100.00
1996-C 6/25/97 266,806,262.00 167,861,949.00
- ------------------------------------------------------
A 125714DD4 0.00000 266,806,062.00 0.0032885078 0.0470015265 167,861,949.00 100.00 0.6291534298
R N/A 100.00
X N/A 100.00
</TABLE>
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