<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: September 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 September 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>
Distribution of Principal
Series Designation and Interest on Series
------------------ -------------------------
<S> <C>
Series 1993-2A $1,150,080.03
Series 1993-2B $2,021,024.34
Series 1993-2C $1,690,775.76
Series 1993-2D $1,759,416.00
Series 1993-2E $3,013,624.75
Series 1993-2F $1,646,133.35
Series 1993-2G $1,819,494.49
Series 1993-2H $2,940,626.84
Series 1993-2I $3,969,868.52
Series 1995-A $3,166,939.82
Series 1996-A $3,274,309.87
Series 1996-B $7,283,027.96
Series 1996-C $7,990,060.33
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
---------------------------------
(c) Exhibits:
Series Exhibit No. Description
<S> <C> <C>
All 28.1 Collateral Summary and Remittance
Report.
All 28.2 Summary of Trustee's Reports to
Bondholders.
</TABLE>
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
October 27, 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-SEP-97
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2A 93-2B 93-2C 93-2D
-------------- -------------- --------------- --------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $62,588,349.77 $58,240,706.00 $123,949,985.67 $85,284,293.11
Loans Repurchased - - - -
Scheduled Principal Distribution 65,776.71 58,173.61 142,257.73 481,370.90
Additional Principal Distribution 13,796.60 2,700.19 114,513.86 57,123.05
Liquidations Distribution 676,572.63 1,589,006.27 673,107.63 734,656.23
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- -------------- --------------- --------------
Ending Security Balance $61,832,203.83 $56,590,825.93 $123,020,106.45 $84,011,142.93
============== ============== =============== ==============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 391,752.78 $ 371,144.27 $ 758,968.71 $ 484,205.04
Compensating Interest 2,181.28 - 1,927.78 2,060.78
Trustee Fee (Tx. Com. Bk.) 704.12 728.00 1,549.37 1,066.05
Pool Insurance Premium (PMI Mtg. Ins.) - - - -
Pool Insurance (GE Mort. Ins.) 15,146.38 16,715.07 - 13,730.77
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) 2,972.95 1,742.33 - -
Bond Manager Fee (Capstead) 990.98 970.68 1,549.37 1,243.73
Excess Compensating Interest (Capstead) - 5,339.87 - -
Administrative Fee (Capstead) 1,695.07 (11.76) 5,164.54 2,665.14
Administrative Fee (Other) - - - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) - - - -
Other - (62.17) - -
-------------- -------------- --------------- --------------
Total Fees 21,509.50 25,422.02 8,263.28 18,705.69
-------------- -------------- --------------- --------------
Servicing Fee 20,997.91 18,130.03 32,719.54 24,180.61
Interest on Accelerated Prepayments - - - -
-------------- -------------- --------------- --------------
Total Interest Distribution $ 436,441.47 $ 414,696.32 $ 801,879.31 $ 529,152.12
============== ============== =============== ==============
LOAN COUNT 231 200 445 344
WEIGHTED AVERAGE PASS-THROUGH RATE 7.552857 7.777131 7.366486 6.842045
</TABLE>
Page 1 of 5
<PAGE>
EXHIBIT 28.1 (Continued)
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-SEP-97
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2E.A 93-2E.B 93-2F 93-2G
-------------- -------------- -------------- ---------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $55,883,389.99 $144,617,985.91 $68,542,028.00 $180,224,174.07
Loans Repurchased - - - -
Scheduled Principal Distribution 303,602.22 159,966.12 71,890.22 213,343.84
Additional Principal Distribution 21,280.27 28,698.86 2,570.43 229,141.41
Liquidations Distribution - 1,329,196.95 1,140,215.21 296,633.92
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- -------------- -------------- ---------------
Ending Security Balance $55,558,507.50 $143,100,123.98 $67,327,352.14 $179,485,054.90
============== =============== ============== ===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 312,227.54 $ 856,967.78 $ 431,457.41 $ 1,080,375.32
Compensating Interest - 1,685.02 - -
Trustee Fee (Tx. Com. Bk.) 605.40 1,566.69 856.84 2,027.52
Pool Insurance Premium (PMI Mtg. Ins.) 12,294.35 31,815.96 19,671.55 -
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) 698.54 1,807.72 2,050.54 2,252.80
Excess Compensating Interest (Capstead) - - 3,561.77 -
Administrative Fee (Capstead) 1,979.27 5,122.17 (0.05) 7,509.35
Administrative Fee (Other) - - - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) - - - -
Other - - 1,152.35 -
-------------- -------------- -------------- ---------------
Total Fees 15,577.56 40,312.54 27,293.00 11,789.67
-------------- -------------- -------------- ---------------
Servicing Fee 15,892.64 38,248.08 21,803.62 45,387.87
Interest on Accelerated Prepayments - - - -
-------------- -------------- -------------- ---------------
Total Interest Distribution $ 343,697.74 $ 937,213.42 $ 480,554.03 $ 1,137,552.86
============== ============== ============== ===============
LOAN COUNT 223 488 236 641
WEIGHTED AVERAGE PASS-THROUGH RATE 6.704551 7.124863 7.636096 7.193543
</TABLE>
Page 2 of 5
<PAGE>
EXHIBIT 28.1 (Continued)
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-SEP-97
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2H.1 93-2H.2 93-2I 93-2I.1
-------------- -------------- -------------- --------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $61,267,597.79 $33,561,219.00 $45,557,214.08 $43,050,789.91
Loans Repurchased - - - -
Scheduled Principal Distribution 58,650.09 32,429.64 45,749.78 40,629.76
Additional Principal Distribution 23,529.73 5,790.33 11,057.60 27,983.05
Liquidations Distribution 2,214,465.13 - - 628,819.26
Accelerated Prepayments - - - -
Adjustments (Cash) - - (140.96) -
Losses/Foreclosures - - 176,561.65 -
Special Hazard Account - - - -
-------------- -------------- -------------- --------------
Ending Security Balance $58,970,952.84 $33,522,999.03 $45,323,986.01 $42,353,357.84
============== ============== ============== ==============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 387,567.49 $ 218,194.03 $ 293,899.75 $ 276,439.45
Compensating Interest - - - -
Trustee Fee (Tx. Com. Bk.) 765.84 419.51 569.41 538.13
Pool Insurance Premium (PMI Mtg. Ins.) - - 12,953.43 12,656.93
Pool Insurance (GE Mort. Ins.) 18,012.67 9,623.04 - -
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) - - - -
Bond Manager Fee (Capstead) - 1,580.48 2,254.19 -
Excess Compensating Interest (Capstead) 4,224.09 - - 2,603.38
Administrative Fee (Capstead) 2,552.77 277.87 311.75 1,793.67
Administrative Fee (Other) - - - -
Excess-Fees - - (158.70) -
Special Hazard Insurance (Aetna Casualty) 1,587.86 1,004.05 1,362.91 1,115.73
Other - 9.32 (0.07) -
-------------- -------------- -------------- --------------
Total Fees 27,143.23 12,914.27 17,292.92 18,707.84
-------------- -------------- -------------- --------------
Servicing Fee 19,146.19 11,166.00 14,236.61 13,453.41
Interest on Accelerated Prepayments - - - -
-------------- -------------- -------------- --------------
Total Interest Distribution $ 433,856.91 $ 242,274.30 $ 325,429.28 $ 308,600.70
============== ============== ============== ==============
LOAN COUNT 218 110 173 171
WEIGHTED AVERAGE PASS-THROUGH RATE 7.590978 7.738992 7.80974 7.705488
</TABLE>
Page 3 of 5
<PAGE>
EXHIBIT 28.1 (Continued)
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-SEP-97
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2I.2 1995-A 1996-A 1996-B
-------------- -------------- -------------- ---------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $46,643,265.53 $91,980,373.41 $69,286,303.51 $153,894,073.02
Loans Repurchased - - - -
Scheduled Principal Distribution 41,826.79 76,452.84 65,829.90 140,907.35
Additional Principal Distribution 7,565.12 77,406.07 11,037.31 10,417.85
Liquidations Distribution 2,119,241.08 2,427,324.30 2,760,095.41 6,154,305.87
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- -------------- -------------- ---------------
Ending Security Balance $44,474,632.54 $89,399,190.20 $66,449,340.89 $147,588,441.95
============== ============== ============== ===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 300,236.30 $ 585,756.61 $ 437,347.28 $ 977,396.87
Compensating Interest - - - -
Trustee Fee (Tx. Com. Bk.) 583.04 766.50 866.08 1,923.68
Pool Insurance Premium (PMI Mtg. Ins.) 13,460.46 - - 41,589.87
Pool Insurance (GE Mort. Ins.) - 34,492.64 19,954.46 -
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) 2,256.74 - - 3,695.41
Special Hazard Insurance (Comm. and Ind.) - - - -
Bond Manager Fee (Capstead) - - - -
Excess Compensating Interest (Capstead) 4,798.09 8,572.64 5,731.07 9,204.67
Administrative Fee (Capstead) 1,943.43 2,477.23 2,886.85 6,412.14
Administrative Fee (Other) - - - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) 1,395.41 2,107.88 1,587.81 4,450.11
Other - - - -
-------------- -------------- -------------- ---------------
Total Fees 24,437.17 48,416.89 31,026.27 67,275.88
-------------- -------------- -------------- ---------------
Servicing Fee 14,576.06 28,743.91 19,371.94 44,918.95
Interest on Accelerated Prepayments - - - -
-------------- -------------- -------------- ---------------
Total Interest Distribution $ 339,249.53 $ 662,917.41 $ 487,745.49 $ 1,089,591.70
============== ============== ============== ===============
LOAN COUNT 186 399 243 511
WEIGHTED AVERAGE PASS-THROUGH RATE 7.724235 7.641934 7.57461 7.621322
</TABLE>
Page 4 of 5
<PAGE>
EXHIBIT 28.1 (Continued)
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-SEP-97
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-C.1 1996-C.2 1996-C.3
-------------- -------------- --------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $36,788,740.23 $59,853,281.40 $58,237,581.33
Loans Repurchased - - -
Scheduled Principal Distribution 31,511.12 52,702.36 46,568.88
Additional Principal Distribution 7,109.65 7,903.38 12,863.59
Liquidations Distribution 2,155,129.46 2,123,628.76 2,563,696.01
Accelerated Prepayments - - -
Adjustments (Cash) - - -
Losses/Foreclosures - - -
Special Hazard Account - - -
-------------- -------------- --------------
Ending Security Balance $34,594,990.00 $57,669,046.90 $55,614,452.85
============== ============== ==============
Interest Distribution:
Due Certificate Holders $ 233,236.90 $ 398,176.33 $ 356,944.56
Compensating Interest - 589.33 -
Trustee Fee (Tx. Com. Bk.) 459.86 498.78 485.32
Pool Insurance Premium (PMI Mtg. Ins.) - - -
Pool Insurance (GE Mort. Ins.) 10,595.15 - -
Pool Insurance (United Guaranty Ins.) - - 21,693.50
Backup for Pool Insurance (Fin. Sec. Assur.) - - -
Special Hazard Insurance (Comm. and Ind.) - - -
Bond Manager Fee (Capstead) - - 14,042.77
Excess Compensating Interest (Capstead) 5,754.41 - 7,100.56
Administrative Fee (Capstead) 1,839.49 1,246.94 2,344.02
Administrative Fee (Other) - - -
Excess-Fees - - -
Special Hazard Insurance (Aetna Casualty) 843.07 - 1,684.03
Other - - -
-------------- -------------- --------------
Total Fees 19,491.98 1,745.72 47,350.20
-------------- -------------- --------------
Servicing Fee 11,496.49 14,340.54 18,199.27
Interest on Accelerated Prepayments - - -
-------------- -------------- --------------
Total Interest Distribution $ 264,225.37 $ 414,851.92 $ 422,494.03
============== ============== ==============
LOAN COUNT 144 246 242
WEIGHTED AVERAGE PASS-THROUGH RATE 7.607879 7.994863 7.644287
</TABLE>
Page 5 of 5
<PAGE>
EXHIBIT 28.2
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK
BOND BALANCES AND FACTORS SEPTEMBER 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 9/25/97 149,572,077.00 61,832,201.91
- -----------------------------------------------------
A 125714AC9 34,791,000.00
D 125714AD7 8,535,000.00
E 125714AE5 7.25000 28,652,000.00 0.0054510673 0.0237294538 25,171,245.89 40.71 0.8785161905
F 125714AG0 7.25000 10,692,000.00 0.0060416667 0 10,692,000.00 17.29 1
G 125714AH8 7.25000 16,410,000.00 0.0060416667 0 16,410,000.00 26.54 1
H 125714AJ4 7.25000 3,006,000.00 0.0060416667 0 3,006,000.00 4.86 1
I 125714AF2 7.25000 12,057,000.00 0.0016827503 0.0062717558 3,282,546.88 5.31 0.2722523746
J 125714AK1 7.25000 2,901,000.00 0.0060416684 0 2,901,000.00 4.69 1
KPO 125714AM7 0.00000 772,949.00 0 0.0008164446 369,281.14 0.60 0.4777561521
LIO 125714AN5 0.00 0.0001205508 0
R 125714AL9 7.25000 128.00 0.006015625 0 128.00 0.00 1
1993-2B 9/25/97 189,529,970.00 56,590,832.99
- -----------------------------------------------------
2B-A 125714AP0 189,529,000.00 0.0019582452 0.0087051589 56,590,832.99 100.00 0.2985866701
1993-2C 9/25/97 207,040,201.00 123,020,106.94
- -----------------------------------------------------
A-2 125714BB0 6.50000 27,680,000.00 0.0012895838 0.0084875195 6,355,037.75 5.17 0.2295895141
A-3 125714BC8 10,312,000.00 0.0019229393 0.0084875126 2,367,528.47 1.92 0.2295896499
A-4 125714BD6 33,521,000.00 0.0030379568 0.0176427264 15,997,568.58 13.00 0.4772401951
A-5 000005CQR 84,357,000.00 0.0061387383 0 84,357,000.00 68.57 1
A-R 125714AZ8 1,000.00 0.00614 0 1,000.00 0.00 1
B-1 000007CQR 5,694,392.00 0.0058759267 0.0011547765 5,444,027.92 4.43 0.9560332201
B-2 000008CQR 3,623,203.00 0.005875928 0.0011547766 3,463,902.64 2.82 0.9560332777
B-3 000009CQR 2,588,003.00 0.0058759283 0.0011547784 2,474,216.99 2.01 0.9560332774
B-4 000010CQR 1,345,761.00 0.0058759245 0.0011547741 1,286,592.28 1.05 0.956033263
B-5 000011CQR 621,120.00 0.0058759338 0.0011547849 593,811.38 0.48 0.9560332625
B-6 000012CQR 1,138,722.00 0.0036626938 0 679,420.93 0.55 0.5966521504
</TABLE>
Page 1 of 4
<PAGE>
EXHIBIT 28.2 (Continued)
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK
BOND BALANCES AND FACTORS SEPTEMBER 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 9/25/97 175,093,365.00 84,011,143.23
- ------------------------------------------------------
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.0014349959 0.0119727061 6,413,086.97 7.63 0.2397057251
B 125714AT2 39,792,000.00 0.0028699842 0.0239453056 19,076,691.26 22.71 0.4794102146
C 125714AU9 29,251,000.00 0.0057017042 0 29,251,000.00 34.82 1
D 125714AV7 17,072,000.00 0.005701704 0 17,072,000.00 20.32 1
E 125714AW5 1,897,000.00 0.0057017027 0 1,897,000.00 2.26 1
F 125714AX3 10,300,365.00 0.0057017038 0 10,300,365.00 12.26 1
R 125714AY1 1,000.00 0.0057 0 1,000.00 0.00 1
1993-2E 9/25/97 317,870,015.00 198,659,122.31
- ------------------------------------------------------
15A 125714BE4 6.75000 86,454,000.00 0.0032001483 0.0033112639 48,898,726.55 24.61 0.5656039807
15B 125714BF1 6.75000 9,494,478.45 0.0032001485 0.0033112637 5,370,114.79 2.70 0.5656040058
15CPO 125714BG9 0.00000 1,972,695.84 0 0.003627746 1,287,201.03 0.65 0.6525085619
15DIO 125714BH7 5,911.86 0.8741407307 0.0025981055 2,957.24 0.00 0.5002097429
30A 125714BT1 29,444,000.00
30B 125714BL8 9,738,000.00
30CIO 125714BM6 1.50000 0.00 0 0
30D 125714BU8 7.00000 922,000.00 0 0 0.02 0.00 0.0000000217
30E 125714BV6 7.00000 29,092,000.00 0.0052889454 0.051972237 24,865,052.41 12.52 0.8547041252
30F 125714BW4 7.00000 11,747,000.00 0.0058333336 0 11,747,000.00 5.91 1
30G 125714BX2 7.00000 24,409,000.00 0.0058333332 0 24,409,000.00 12.29 1
30H 125714BY0 7.00000 21,450,000.00 0.0058333333 0 21,450,000.00 10.80 1
30I 125714BZ7 7.00000 13,542,000.00 0.0058333333 0 13,542,000.00 6.82 1
30J 125714CA1 40,256,000.00 0.0039260843 0 32,403,578.22 16.31 0.8049378532
30K 125714CB9 17,252,571.43 0.0064904825 0 13,887,247.79 6.99 0.8049378722
30NIO 125714BR5 0.00 0.0000896918 0
30PPO 125714BS3 0.00000 1,089,658.82 0 0.0054021579 796,244.26 0.40 0.730727925
</TABLE>
Page 2 of 4
<PAGE>
EXHIBIT 28.2 (Continued)
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK
BOND BALANCES AND FACTORS SEPTEMBER 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 9/25/97 222,866,291.00 67,327,355.29
- ------------------------------------------------------
A 125714BJ3 222,866,000.00 0.0019359499 0.0054502523 67,327,355.29 100.00 0.3020979211
1993-2G 9/25/97 246,780,547.00 179,485,063.66
- ------------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.0030394113 0.0070465622 29,514,624.85 16.44 0.499976705
2G-A2 125714CS2 27,342,000.00 0.0026348372 0.0026847685 11,944,323.51 6.65 0.4368489324
2G-A3 125714CT0 25,200,000.00 0.0008815952 0.0090383333 4,295,734.54 2.39 0.1704656563
2G-A4 125714CU7 15,000,000.00 0.005661286 0 15,000,000.00 8.36 1
2G-A5 125714A#2 100,190,000.00 0.0059946191 0 100,190,000.00 55.82 1
2G-B1 125714A@4 4,936,000.00 0.0057425871 0.0011339992 4,722,877.56 2.63 0.9568228444
2G-B2 125714B#1 3,701,000.00 0.0057425858 0.0011339989 3,541,201.34 1.97 0.9568228425
2G-B3 125714B*5 1,481,000.00 0.0057425861 0.0011339973 1,417,054.63 0.79 0.9568228427
2G-B4 125714B@3 740,000.00 0.0057425811 0.001134 708,048.92 0.39 0.9568228649
2G-B5 125714C#0 1,481,547.00 0.0043257959 0.000854222 1,067,839.01 0.59 0.7207594562
2G-M 125714A*6 7,403,000.00 0.0057425868 0.0011340038 7,083,359.30 3.95 0.9568228151
2GA3IO 125714CP8 0.00 0.0001944627 0
2GA4IO 125714CQ6 0.00 0.0003333333 0
1993-2H 9/25/97 315,871,665.00 92,493,954.33
- ------------------------------------------------------
2H-A1 125714CG8 180,386,000.00 0.0019177457 0.0073918163 52,820,864.55 57.11 0.2928213085
2H-A2 125714CH6 125,000,000.00 0.0020786164 0.0080118812 39,673,089.78 42.89 0.3173847182
2H-A3 125714CJ2 10,485,000.00
1993-2I 9/25/97 367,955,786.00 132,151,976.43
- ------------------------------------------------------
2I-3IO 125714CL7 0.00 0.0001375222 0
2I-A1 125714CE3 237,519,000.00 0.0025044457 0.0101122911 89,798,618.45 67.95 0.3780692006
2I-A2 125714CD5 130,435,853.00 0.0019763286 0.0053469329 42,353,357.98 32.05 0.3247064132
</TABLE>
Page 3 of 4
<PAGE>
EXHIBIT 28.2 (Continued)
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK
BOND BALANCES AND FACTORS SEPTEMBER 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 9/25/97 176,490,904.00 89,399,189.18
- ------------------------------------------------------
A1 125714CV5 82,117,691.00 0.00342084 0.0098142537 42,502,603.08 47.54 0.5175815657
A2 125714CW3 94,373,113.00 0.0032302114 0.0188110713 46,896,586.10 52.46 0.4969274045
R 125714CX1 100.00
1996-A 9/25/97 115,119,131.00 66,449,340.02
- ------------------------------------------------------
A 125714CY9 115,119,031.00 0.0037990873 0.0246437326 66,449,340.02 100.00 0.5772228922
R 125714CZ6 100.00
1996-B 9/25/97 207,490,355.00 147,588,440.91
- ------------------------------------------------------
A1 125714DA0 0.00000 41,914,009.00 0.0046570916 0.0357771558 28,417,768.74 19.25 0.6780016853
A2 125714DB8 0.00000 165,576,246.00 0.0047241047 0.0290263075 119,170,672.17 80.75 0.7197329028
R 125714DC6 100.00
1996-C 9/25/97 266,806,262.00 153,194,062.22
- ------------------------------------------------------
A 125714DD4 0.00000 266,806,062.00 0.0029542235 0.0266918922 153,194,062.22 100.00 0.574177592
R N/A 100.00
X N/A 100.00
</TABLE>
Page 4 of 4
