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Previous: HAMILTON BANCORP INC, 8-A12G, 1997-03-05 |
Next: AIM VARIABLE INSURANCE FUNDS INC, N-30D, 1997-03-05 |
<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: December 25, 1996
-----------------
(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
DECEMBER 25, 1996 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 $ 495,540.44
Series 1993-2B $ 1,820,259.22
Series 1993-2C $ 1,749,724.47
Series 1993-2D $ 1,359,476.84
Series 1993-2E $ 3,586,965.29
Series 1993-2F $ 1,100,359.54
Series 1993-2G $ 1,562,699.03
Series 1993-2H $ 3,386,721.36
Series 1993-2I $ 4,467,845.14
Series 1995-A $ 1,543,692.71
Series 1996-A $ 3,005,736.27
Series 1996-B $ 3,374,038.95
Series 1996-C $10,691,515.78
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
February 10, 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-Nov-96
<TABLE>
<CAPTION>
Deal Reference 93-2A 93-2B 93-2C 93-2D
-------------- -------------- --------------- --------------
<S> <C> <C> <C> <C>
Beginning Security Balance $66,667,394.83 $72,115,622.00 $133,795,480.30 $97,903,123.14
Loans Repurchased - - - -
Scheduled Principal Distribution 63,994.87 68,195.03 139,967.87 493,122.62
Additional Principal Distribution 11,928.00 (770.96) 31,212.85 105,884.44
Liquidations Distribution - 1,291,756.50 756,687.28 201,619.66
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- -------------- --------------- --------------
Ending Security Balance $66,591,471.96 $70,756,441.43 $132,867,612.30 $97,102,496.42
============== ============== =============== ==============
Interest Distribution:
Due Certificate Holders $ 419,617.53 $ 511,899.09 $ 820,517.18 $ 557,884.25
Compensating Interest - - 1,339.28 965.87
Fees:
Trustee Fee (Tx. Com. Bk.) 750.01 901.44 1,672.44 1,223.79
Pool Insurance Premium (PMI Mtg. Ins.) - - - -
Pool Insurance (GE Mort. Ins.) 16,133.51 20,697.27 - 15,762.40
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) 3,166.70 2,157.48 - -
Bond Manager Fee (Capstead) 1,055.57 - 1,672.44 1,427.75
Excess Compensating Interest (Capstead) - - - -
Administrative Fee (Capstead) 1,805.63 0.72 5,574.92 3,059.51
Administrative Fee (Other) - - - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) - - - -
-------------- -------------- --------------- --------------
Total Fees 22,911.42 23,756.91 8,919.80 21,473.45
Servicing Fee 22,362.25 22,537.06 35,013.70 27,988.35
Interest on Accelerated Prepayments - - - -
-------------- -------------- --------------- --------------
Total Interest Distribution $ 464,891.20 $ 558,193.06 $ 865,789.96 $ 608,311.92
============== ============== =============== ==============
Loan Count 243 240 473 372
Weighted Average Pass-Through Rate 7.553033042 7.747638 7.371158949 6.849834025
</TABLE>
Page 1 of 5
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 30-Nov-96
<TABLE>
<CAPTION>
Deal Reference 93-2E.A 93-2E.B 93-2F 93-2G
-------------- --------------- -------------- ---------------
<S> <C> <C> <C> <C>
Beginning Security Balance $63,165,218.41 $154,752,611.68 $85,620,532.00 $190,175,122.67
Loans Repurchased - - - -
Scheduled Principal Distribution 305,906.70 158,612.03 84,929.41 205,185.14
Additional Principal Distribution 30,219.50 41,706.10 7,416.53 47,705.40
Liquidations Distribution 412,988.35 1,364,701.63 472,631.50 169,511.70
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- --------------- -------------- ---------------
Ending Security Balance $62,416,103.86 $153,187,591.92 $85,055,554.56 $189,752,720.43
============== =============== ============== ===============
Interest Distribution:
Due Certificate Holders $ 352,192.23 $ 913,118.91 $ 592,613.59 $ 1,139,368.27
Compensating Interest 1,507.88 6,011.93 - 928.52
Fees:
Trustee Fee (Tx. Com. Bk.) 684.29 1,676.49 1,070.23 2,139.47
Pool Insurance Premium (PMI Mtg. Ins.) 13,896.35 34,045.57 24,573.10 -
Pool Insurance (GE Mort. Ins.) - - - -
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur - - - -
Special Hazard Insurance (Comm. and Ind.) - - 2,561.47 -
Bond Manager Fee (Capstead) 789.57 1,934.41 - 2,377.19
Excess Compensating Interest (Capstead) - - - -
Administrative Fee (Capstead) 2,237.12 5,481.11 0.07 7,924.09
Administrative Fee (Other) - - - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) - - - -
-------------- --------------- -------------- ---------------
Total Fees 17,607.33 43,137.58 28,204.87 12,440.75
Servicing Fee 18,070.81 41,471.88 27,144.26 47,963.13
Interest on Accelerated Prepayments - - - -
-------------- --------------- -------------- ---------------
Total Interest Distribution $ 389,378.25 $ 1,003,740.30 $ 647,962.72 $ 1,200,700.67
============== =============== ============== ===============
Loan Count 240 516 290 668
Weighted Average Pass-Through Rate 6.719522906 7.127227102 7.52993 7.195242621
</TABLE>
Page 2 of 5
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 30-Nov-96
<TABLE>
<CAPTION>
Deal Reference 93-2H.1 93-2H.2 93-2I 93-2I.1
-------------- -------------- -------------- --------------
<S> <C> <C> <C> <C>
Beginning Security Balance $38,301,986.00 $77,718,181.72 $51,206,167.62 $53,570,997.95
Loans Repurchased - - - -
Scheduled Principal Distribution 38,112.93 70,720.28 49,548.13 46,860.08
Additional Principal Distribution 7,084.71 10,497.78 3,503.68 7,015.74
Liquidations Distribution 693,830.90 1,846,018.21 1,507,276.57 898,299.08
Accelerated Prepayments - - - -
Adjustments (Cash) - - 101.52 -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- -------------- -------------- --------------
Ending Security Balance $37,562,957.46 $75,790,945.45 $49,645,737.72 $52,618,823.05
============== ============== ============== ==============
Interest Distribution:
Due Certificate Holders $ 264,554.34 $484,932.35 $331,050.07 $341,300.89
Compensating Interest - - - -
Fees:
Trustee Fee (Tx. Com. Bk.) 478.75 971.48 640.04 669.64
Pool Insurance Premium (PMI Mtg. Ins.) - - - -
Pool Insurance (GE Mort. Ins.) 10,992.65 22,849.14 14,559.59 15,749.88
Pool Insurance (United Guaranty Ins.) - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) 1,145.86 - - -
Bond Manager Fee (Capstead) - - - -
Excess Compensating Interest (Capstead) - 4,647.52 - 1,105.49
Administrative Fee (Capstead) 385.01 3,238.18 367.01 2,232.08
Administrative Fee (Other) - - - -
Excess-Fees - - (2.03) -
Special Hazard Insurance (Aetna Casualty) - 2,014.20 1,531.88 1,388.38
-------------- -------------- -------------- --------------
Total Fees 13,002.27 33,720.52 17,096.49 21,145.47
Servicing Fee 12,653.35 24,286.97 16,001.91 16,740.98
Interest on Accelerated Prepayments - - - -
-------------- -------------- -------------- --------------
Total Interest Distribution $ 290,209.96 $ 542,939.84 $ 364,148.47 $ 379,187.34
============== ============== ============== ==============
Loan Count 125 274 190 206
Weighted Average Pass-Through Rate 7.534674 7.487550624 7.695778 7.64520139
</TABLE>
Page 3 of 5
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 30-Nov-96
<TABLE>
<CAPTION>
Deal Reference 93-2I.2 1995-A 1996-A 1996-B
-------------- --------------- -------------- ---------------
<S> <C> <C> <C> <C>
Beginning Security Balance $58,565,449.16 $122,590,207.93 $88,037,302.92 $182,987,308.21
Loans Repurchased - - - -
Scheduled Principal Distribution 50,127.43 99,894.60 79,943.48 160,509.06
Additional Principal Distribution 269.55 83,191.90 5,808.72 100,511.03
Liquidations Distribution 868,283.89 593,873.16 2,372,757.75 1,973,002.84
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- --------------- -------------- ---------------
Ending Security Balance $57,646,768.29 $121,813,248.27 $85,578,792.97 $180,753,285.28
============== =============== ============== ===============
Interest Distribution:
Due Certificate Holders $372,595.11 $766,733.03 $547,226.33 $1,140,016.04
Compensating Interest - - - -
Fees:
Trustee Fee (Tx. Com. Bk.) 732.07 1,021.58 1,100.47 2,287.34
Pool Insurance Premium (PMI Mtg. Ins.) 16,901.01 - - 49,452.32
Pool Insurance (GE Mort. Ins.) - 45,971.33 25,354.75 -
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assu 2,694.05 - - 4,244.21
Special Hazard Insurance (Comm. and Ind.) - - - -
Bond Manager Fee (Capstead) - - - -
Excess Compensating Interest (Capstead) 1,489.05 502.11 4,780.58 4,555.64
Administrative Fee (Capstead) 2,440.12 3,377.20 3,668.07 7,624.42
Administrative Fee (Other) - - - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) 1,752.08 2,809.36 2,017.52 5,291.39
-------------- --------------- -------------- ---------------
Total Fees 26,008.38 53,681.58 36,921.39 73,455.32
Servicing Fee 18,301.65 38,309.50 24,525.58 53,220.58
Interest on Accelerated Prepayments - - - -
-------------- --------------- -------------- ---------------
Total Interest Distribution $ 416,905.14 $ 858,724.11 $ 608,673.30 $ 1,266,691.94
============== =============== ============== ===============
Loan Count 225 520 304 598
Weighted Average Pass-Through Rate 7.634435293 7.505327314 7.459015374 7.476034
</TABLE>
Page 4 of 5
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 30-Nov-96
<TABLE>
<CAPTION>
Deal Reference 1996-C.1 1996-C.2 1996-C.3
-------------- --------------- --------------
<S> <C> <C> <C>
Beginning Security Balance $48,634,723.18 $130,412,920.53 $77,017,907.67
Loans Repurchased - -
Scheduled Principal Distribution 38,391.31 115,761.83 58,706.23
Additional Principal Distribution 3,192.48 25,269.36 15,283.43
Liquidations Distribution 1,064,923.36 5,806,531.73 2,130,129.17
Accelerated Prepayments - - -
Adjustments (Cash) - - -
Losses/Foreclosures - - -
Special Hazard Account - - -
-------------- --------------- --------------
Ending Security Balance $47,528,216.03 $124,465,357.61 $74,813,788.84
============== =============== ==============
Interest Distribution:
Due Certificate Holders $ 311,196.41 $ 773,990.60 $ 484,860.73
Compensating Interest - 1,671.56 -
Fees:
Trustee Fee (Tx. Com. Bk.) 607.93 1,086.77 641.82
Pool Insurance Premium (PMI Mtg. Ins.) - - -
Pool Insurance (GE Mort. Ins.) 14,006.80 - -
Pool Insurance (United Guaranty Ins.) - - 28,689.18
Backup for Pool Insurance (Fin. Sec. Assur.) - - -
Special Hazard Insurance (Comm. and Ind.) - - -
Bond Manager Fee (Capstead) - - -
Excess Compensating Interest (Capstead) 2,267.51 17.99 6,877.29
Administrative Fee (Capstead) 2,431.71 2,716.87 3,143.29
Administrative Fee (Other) - - -
Excess-Fees - - -
Special Hazard Insurance (Aetna Casualty) 1,114.54 - 2,227.10
-------------- --------------- --------------
Total Fees 20,428.49 3,821.63 41,578.68
Servicing Fee 15,198.35 35,101.23 24,067.96
Interest on Accelerated Prepayments - - -
-------------- --------------- --------------
Total Interest Distribution $ 346,823.25 $ 814,585.02 $ 550,507.37
============== =============== ==============
Loan Count 187 468 316
Weighted Average Pass-Through Rate 7.678376 7.137288148 7.554514
</TABLE>
Page 5 of 5
<PAGE>
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS DECEMBER 1996 DISTRIBUTION
Series Cusip Number Coupon Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Per Class Per $1,000 Per $1,000 Per Class Class Factor
- ------------------------------------------------------------------------------------------------------------------------------------
1993-2A 25-Dec-96 149,572,077.00 66,591,471.14
- ------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 125714AC9 7.25 34,791,000.00 6.75E-05 0.000903154 357,537.84 0.54 0.010276734
D 125714AD7 7.25 8,535,000.00 0.000318853 0.004263392 414,052.25 0.62 0.048512273
E 125714AE5 7.25 28,652,000.00 0.006041667 0 28,652,000.00 43.03 1
F 125714AG0 7.25 10,692,000.00 0.006041667 0 10,692,000.00 16.06 1
G 125714AH8 7.25 16,410,000.00 0.006041667 0 16,410,000.00 24.64 1
H 125714AJ4 7.25 3,006,000.00 0.006041667 0 3,006,000.00 4.51 1
I 125714AF2 7.25 12,057,000.00 0.001887159 0.000629733 3,758,499.78 5.64 0.311727609
J 125714AK1 7.25 2,901,000.00 0.006041668 0 2,901,000.00 4.36 1
KPO 125714AM7 0 772,949.00 0 0.000673382 400,253.27 0.60 0.517826234
LIO 125714AN5 0.00 0.000128746 0
R 125714AL9 7.25 128.00 0.006015625 0 128.00 0.00 1
1993-2B 25-Dec-96 189,529,970.00 70,756,444.20
- ------------------------------------------------------
2B-A 125714AP0 189,529,000.00 0.002432761 0.007171359 70,756,444.20 100.00 0.373327798
1993-2C 25-Dec-96 207,040,201.00 132,867,613.00
- ------------------------------------------------------
A-2 125714BB0 6.5 27,680,000.00 0.001777139 0.008480511 8,846,712.78 6.66 0.319606676
A-3 125714BC8 10,312,000.00 0.002654655 0.008480504 3,295,784.74 2.48 0.319606744
A-4 125714BD6 33,521,000.00 0.004189178 0.017628158 22,269,873.98 16.76 0.664355896
A-5 000005CQR 84,357,000.00 0.006142633 0 84,357,000.00 63.49 1
A-R 125714AZ8 1,000.00 0.00614 0 1,000.00 0.00 1
B-1 000007CQR 5,694,392.00 0.005939795 0.001064196 5,500,296.09 4.14 0.965914551
B-2 000008CQR 3,623,203.00 0.005939794 0.001064197 3,499,704.59 2.63 0.965914576
B-3 000009CQR 2,588,003.00 0.005939796 0.001064195 2,499,789.82 1.88 0.965914576
B-4 000010CQR 1,345,761.00 0.005939792 0.001064193 1,299,890.15 0.98 0.965914564
B-5 000011CQR 621,120.00 0.005939802 0.001064191 599,948.86 0.45 0.965914574
B-6 000012CQR 1,138,722.00 0.00376314 0 697,611.99 0.53 0.612627129
</TABLE>
Page 1 of 4
<PAGE>
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK
BOND BALANCES AND FACTORS DECEMBER 1996 DISTRIBUTION
Series Cusip Number Coupon Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Per Class Per $1,000 Per $1,000 Per Class Class Factor
- ------------------------------------------------------------------------------------------------------------------------------------
1993-2D 25-Dec-96 175,093,365.00 97,102,495.97
- ------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.002114007 0.007529099 9,706,803.43 10.00 0.362816903
B 125714AT2 39,792,000.00 0.004228001 0.015058131 28,874,327.54 29.74 0.725631472
C 125714AU9 29,251,000.00 0.005708195 0 29,251,000.00 30.12 1
D 125714AV7 17,072,000.00 0.005708195 0 17,072,000.00 17.58 1
E 125714AW5 1,897,000.00 0.005708197 0 1,897,000.00 1.95 1
F 125714AX3 10,300,365.00 0.005708195 0 10,300,365.00 10.61 1
R 125714AY1 1,000.00 0.00571 0 1,000.00 0.00 1
1993-2E 25-Dec-96 317,870,015.00 217,911,367.13
- ------------------------------------------------------
15A 125714BE4 6.75 86,454,000.00 0.003619665 0.007656441 54,970,869.80 25.23 0.635839519
15B 125714BF1 6.75 9,494,478.45 0.003619665 0.007656441 6,036,964.60 2.77 0.635839548
15CPO 125714BG9 0 1,972,695.84 0 0.007316809 1,405,259.86 0.64 0.712355001
15DIO 125714BH7 5,911.86 1.080598782 0.009607578 3,009.68 0.00 0.509079838
30A 125714BT1 29,444,000.00
30B 125714BL8 5.5 9,738,000.00 0.003174727 0.146297954 7,628,221.74 3.50 0.783345835
30CIO 125714BM6 1.5 0.00 0.000865835 0
30D 125714BU8 7 922,000.00 0.004040564 0.14629795 503,752.95 0.23 0.546369794
30E 125714BV6 7 29,092,000.00 0.005833333 0 29,092,000.00 13.35 1
30F 125714BW4 7 11,747,000.00 0.005833334 0 11,747,000.00 5.39 1
30G 125714BX2 7 24,409,000.00 0.005833333 0 24,409,000.00 11.20 1
30H 125714BY0 7 21,450,000.00 0.005833333 0 21,450,000.00 9.84 1
30I 125714BZ7 7 13,542,000.00 0.005833333 0 13,542,000.00 6.21 1
30J 125714CA1 40,256,000.00 0.00391334 0 32,403,578.22 14.87 0.804937853
30K 125714CB9 17,252,571.43 0.006520668 0 13,887,247.79 6.37 0.804937872
30NIO 125714BR5 0.00 9.68E-05 0
30PPO 125714BS3 0 1,089,658.82 0 0.005033107 832,462.49 0.38 0.763966057
</TABLE>
Page 2 of 4
<PAGE>
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK
BOND BALANCES AND FACTORS DECEMBER 1996 DISTRIBUTION
Series Cusip Number Coupon Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Per Class Per $1,000 Per $1,000 Per Class Class Factor
- ------------------------------------------------------------------------------------------------------------------------------------
1993-2F 25-Dec-96 222,866,291.00 85,055,556.48
- ------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 125714BJ3 222,866,000.00 0.00240226 0.002535053 85,055,556.48 100.00 0.38164438
1993-2G 25-Dec-96 246,780,547.00 189,752,721.26
- ------------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.003608279 0.003950412 35,290,926.71 18.60 0 .597827055
2G-A2 125714CS2 27,342,000.00 0.002851927 0.001505123 12,963,670.91 6.83 0 .474130309
2G-A3 125714CT0 25,200,000.00 0.001478926 0.00506703 7,458,550.75 3.93 0 .295974236
2G-A4 125714CU7 15,000,000.00 0.005662703 0 15,000,000.00 7.91 1
2G-A5 125714A#2 100,190,000.00 0.005996036 0 100,190,000.00 52.80 1
2G-B1 125714A@4 4,936,000.00 0.005802413 0.001044086 4,771,453.30 2.51 0 .966663959
2G-B2 125714B#1 3,701,000.00 0.005802413 0.001044085 3,577,623.31 1.89 0 .966663958
2G-B3 125714B*5 1,481,000.00 0.005802411 0.001044085 1,431,629.33 0.75 0 .966663964
2G-B4 125714B@3 740,000.00 0.005802419 0.001044081 715,331.34 0.38 0 .966663973
2G-B5 125714C#0 1,481,547.00 0.00485097 0.000872838 1,197,322.39 0.63 0 .808156873
2G-M 125714A*6 7,403,000.00 0.005802413 0.001044086 7,156,213.22 3.77 0.96666395
2GA3IO 125714CP8 0.00 0.000326128 0
2GA4IO 125714CQ6 0.00 0.000333333 0
1993-2H 25-Dec-96 315,871,665.00 113,353,901.36
- ------------------------------------------------------
2H-A1 125714CG8 180,386,000.00 0.002280851 0.008440976 64,733,431.65 57.11 0 .358860619
2H-A2 125714CH6 125,000,000.00 0.002472181 0.00914905 48,620,469.71 42.89 0 .388963758
2H-A3 125714CJ2 10,485,000.00
1993-2I 25-Dec-96 367,955,786.00 159,911,329.27
- ------------------------------------------------------
2I-3IO 125714CL7 0.00 0.000171128 0
2I-A1 125714CE3 237,519,000.00 0.002930929 0.010437526 107,292,506.14 67.09 0 .451721783
2I-A2 125714CD5 130,435,853.00 0.002438645 0.007299947 52,618,823.13 32.91 0 .403407667
</TABLE>
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<PAGE>
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK
BOND BALANCES AND FACTORS DECEMBER 1996 DISTRIBUTION
Series Cusip Number Coupon Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Per Class Per $1,000 Per $1,000 Per Class Class Factor
- ------------------------------------------------------------------------------------------------------------------------------------
1995-A 25-Dec-96 176,490,904.00 121,813,247.24
- ------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 125714CV5 82,117,691.00 0.004478221 0.002693774 57,317,262.42 47.05 0.697989212
A2 125714CW3 94,373,113.00 0.004227813 0.005888893 64,495,984.82 52.95 0.683414828
R 125714CX1 100.00
1996-A 25-Dec-96 115,119,131.00 85,578,892.10
- ------------------------------------------------------
A 125714CY9 115,119,031.00 0.004753569 0.021356243 85,578,792.10 100.00 0.743393958
R 125714CZ6 100.00 0 0 100.00 0.00 1
1996-B 25-Dec-96 207,490,355.00 180,753,284.25
- ------------------------------------------------------
A1 125714DA0 0 41,914,009.00 0.005418575 0.008174831 34,951,726.83 19.34 0.833891285
A2 125714DB8 0 165,576,246.00 0.005513483 0.011423034 145,801,557.42 80.66 0.880570498
R 125714DC6 100.00
1996-C 25-Dec-96 266,806,262.00 246,338,571.57
- ------------------------------------------------------
A 125714DD4 0 266,806,062.00 0.004725929 0.035346308 246,338,571.57 100.00 0.923287011
</TABLE>
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