<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: JULY 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
<TABLE>
<CAPTION>
PAGE
----
<S> <C> <C>
ITEM NUMBER
Item 5. Other Events..................... 3
Item 7. Financial Statements and Exhibits 3
SIGNATURES ................................. 3
</TABLE>
<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 JULY 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 $ 702,102.41
Series 1993-2B $2,039,496.54
Series 1993-2C $1,214,505.34
Series 1993-2D $1,503,972.98
Series 1993-2E $3,060,385.16
Series 1993-2F $1,169,136.83
Series 1993-2G $1,392,483.74
Series 1993-2H $4,537,554.75
Series 1993-2I $4,355,928.55
Series 1995-A $5,024,671.97
Series 1996-A $3,218,260.59
Series 1996-B $4,889,229.63
Series 1996-C $8,629,667.94
</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 30, 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-JUL-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 $ 63,572,654.77 $ 60,859,508.00 $ 125,665,547.81 $ 87,881,586.23 $ 57,237,843.97
Loans Repurchased - - - - -
Scheduled Principal Distribution 65,407.67 60,738.53 141,475.38 485,709.85 302,602.18
Additional Principal Distribution 13,839.79 1,604.97 27,775.05 91,532.71 135,786.10
Liquidations Distribution 222,465.96 1,593,431.39 273,404.43 425,538.28
Accelerated Prepayments - - - - -
Adjustments (Cash) - - - - -
Losses/Foreclosures - - - - -
Special Hazard Account - - - - -
--------------- --------------- ---------------- --------------- ---------------
Ending Security Balance $ 63,270,941.35 $ 59,203,733.11 $ 125,222,892.95 $ 86,878,805.39 $ 56,799,455.69
=============== =============== ================ =============== ===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 399,070.23 $ 383,721.65 $ 770,372.72 $ 499,680.64 $ 320,163.66
Compensating Interest 1,318.71 - 1,477.76 1,511.50 -
Trustee Fee (Tx. Com. Bk.) 715.19 760.83 1,570.82 1,098.52 620.08
Pool Insurance Premium (PMI Mtg. Ins.) - - - - 12,592.33
Pool Insurance (GE Mort. Ins.) 15,384.58 17,466.72 - 14,148.94 -
Pool Insurance (United Guaranty Ins.) - - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - - -
Special Hazard Insurance (Comm. and Ind.) 3,019.70 1,820.70 - - -
Bond Manager Fee (Capstead) 1,006.57 1,014.33 1,570.82 1,281.61 715.47
Excess Compensating Interest (Capstead) 4,801.55 - - -
Administrative Fee (Capstead) 1,721.82 - 5,236.05 2,746.31 2,027.25
Administrative Fee (Other) - (11.70) - - -
Excess-Fees - - - - -
Special Hazard Insurance (Aetna Casualty) - - - - -
Other - (62.33) - - -
--------------- --------------- ---------------- --------------- ---------------
Total Fees 21,847.86 25,790.10 8,377.69 19,275.38 15,955.13
--------------- --------------- ---------------- --------------- ---------------
Servicing Fee 21,333.21 18,948.48 33,092.94 25,102.81 16,359.84
Interest on Accelerated Prepayments - - - - -
--------------- --------------- ---------------- --------------- ---------------
Total Interest Distribution $ 443,570.01 $ 428,460.23 $ 813,321.11 $ 545,570.33 $ 352,478.63
=============== =============== ================ =============== ===============
LOAN COUNT 234 208 449 351 226
WEIGHTED AVERAGE PASS-THROUGH RATE 7.557757809 7.680719 7.370521134 6.84364716 6.712279243
</TABLE>
Page 1 of 4
<PAGE>
CAPSTEAD MORTGAGE CORPORATION EXHIBIT 28.1
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-JUL-97
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2B 93-2F 93-2G 93-2H.1 93-2H.2
--------------- --------------- ---------------- --------------- ---------------
<S> <C> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $146,816,827.57 $ 72,527,742.00 $ 182,496,356.38 $ 65,600,058.64 $ 35,627,048.00
Loans Repurchased - - - - -
Scheduled Principal Distribution 159,266.26 74,394.83 213,231.84 61,994.63 33,090.92
Additional Principal Distribution 27,452.26 4,250.45 69,703.13 24,794.41 8,673.25
Liquidations Distribution 1,243,257.84 631,256.06 15,327.15 2,644,137.51 1,122,020.52
Accelerated Prepayments - - - - -
Adjustments (Cash) - - 45,581.43 - -
Losses/Foreclosures - - - - -
Special Hazard Account - - - - -
--------------- --------------- ---------------- --------------- ---------------
Ending Security Balance $145,386,851.21 $ 71,817,840.66 $ 182,152,512.83 $ 62,869,132.09 $ 34,463,263.31
=============== =============== ================ =============== ===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 870,844.52 $ 459,235.48 $ 1,094,216.59 $ 412,251.17 $ 230,592.53
Compensating Interest 1,012.32 - 5.03 - -
Trustee Fee (Tx. Com. Bk.) 1,590.52 906.62 2,053.08 819.99 445.33
Pool Insurance Premium (PMI Mtg. Ins.) 32,299.70 20,815.52 - - -
Pool Insurance (GE Mort. Ins.) - - - 19,286.42 10,224.88
Pool Insurance (United Guaranty Ins.) - - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - - -
Special Hazard Insurance (Comm. and Ind.) - 2,169.84 - - -
Bond Manager Fee (Capstead) 1,835.21 1,208.80 2,281.20 - 1,687.12
Excess Compensating Interest (Capstead) - 1,244.26 - 6,543.19 -
Administrative Fee (Capstead) 5,199.99 - 7,604.48 2,733.25 -
Administrative Fee (Other) - (0.15) - - 336.03
Excess-Fees - - - - -
Special Hazard Insurance (Aetna Casualty) - - - 1,700.13 1,065.63
Other - - - - -
--------------- --------------- ---------------- --------------- ---------------
Total Fees 40,925.42 26,344.89 11,938.76 31,082.98 13,758.99
--------------- --------------- ---------------- --------------- ---------------
Servicing Fee 38,813.39 23,049.90 46,005.47 20,500.09 11,812.89
Interest on Accelerated Prepayments - - - - -
--------------- --------------- ---------------- --------------- ---------------
Total Interest Distribution $ 951,595.65 $ 508,630.27 $ 1,152,165.85 $ 463,834.24 $ 256,164.41
=============== =============== ================ =============== ===============
LOAN COUNT 495 249 648 233 117
WEIGHTED AVERAGE PASS-THROUGH RATE 7.126078293 7.638812 7.195025534 7.541173198 7.2718174
</TABLE>
Page 2 of 4
<PAGE>
CAPSTEAD MORTGAGE CORPORATION EXHIBIT 28.1
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-JUL-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 $ 46,611,852.02 $ 45,668,811.18 $ 49,783,825.72 $ 99,686,414.31 $ 74,452,255.40
Loans Repurchased - - - - -
Scheduled Principal Distribution 43,859.67 42,272.61 45,191.59 81,879.48 69,428.10
Additional Principal Distribution 13,362.11 3,828.29 2,868.65 99,500.54 10,528.64
Liquidations Distribution - 808,549.07 2,197,871.73 4,211,953.90 2,667,695.95
Accelerated Prepayments - - - - -
Adjustments (Cash) (5.98) - - - -
Losses/Foreclosures 292,310.60 - - - -
Special Hazard Account - - - - -
Ending Security Balance $ 46,262,325.62 $ 44,814,161.21 $ 47,537,893.75 $ 95,293,080.39 $ 71,704,602.71
INTEREST DISTRIBUTION:
Due Certificate Holders $ 300,014.90 $ 289,591.19 $ 316,214.79 $ 631,338.04 $ 470,607.90
Compensating Interest - - - - -
Trustee Fee (Tx. Com. Bk.) 582.59 570.86 622.30 830.72 930.65
Pool Insurance Premium (PMI Mtg. Ins.) - - 14,366.78 - -
Pool Insurance (GE Mort. Ins.) 13,253.30 13,426.63 - 37,382.41 21,442.25
Pool Insurance (United Guaranty Ins.) - - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - 2,357.91 - -
Special Hazard Insurance (Comm. and Ind.) - - - - -
Bond Manager Fee (Capstead) 2,367.74 - - - -
Excess Compensating Interest (Capstead) - 2,108.03 1,990.28 8,477.67 5,129.94
Administrative Fee (Capstead) 327.61 1,902.76 2,074.28 2,693.31 3,102.09
Administrative Fee (Other) - - - - -
Excess-Fees (159.00) - - - -
Special Hazard Insurance (Aetna Casualty) 1,394.39 1,183.58 1,489.37 2,284.48 1,706.20
Other - - - - -
Total Fees 17,766.63 19,191.86 22,900.92 51,668.59 32,311.13
Servicing Fee 14,566.14 14,271.52 15,557.50 31,152.08 20,827.54
Interest on Accelerated Prepayments - - - - -
Total Interest Distribution $ 332,347.67 $ 323,054.57 $ 354,673.21 $ 714,158.71 $ 523,746.57
LOAN COUNT 178 180 195 430 259
WEIGHTED AVERAGE PASS-THROUGH RATE 7.705962 7.609338168 7.622109039 7.599888643 7.585122532
</TABLE>
Page 3 of 4
<PAGE>
CAPSTEAD MORTGAGE CORPORATION EXHIBIT 28.1
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-JUL-97
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-B 1996-C.1 1996-C.2 1996-C.3
--------------- --------------- --------------- ---------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $162,444,770.09 $ 39,401,376.43 $ 69,555,032.29 $ 60,322,986.24
Loans Repurchased - - - -
Scheduled Principal Distribution 147,132.60 34,065.14 57,576.53 48,204.55
Additional Principal Distribution 115,163.61 4,789.93 31,566.89 11,748.75
Liquidations Distribution 3,597,046.35 1,181,804.88 4,774,416.39 1,402,774.83
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
--------------- --------------- --------------- ---------------
Ending Security Balance $158,585,427.53 $ 38,180,716.48 $ 64,691,472.48 $ 58,860,258.11
=============== =============== =============== ===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 1,029,887.04 $ 248,306.66 $ 462,978.56 $ 370,030.80
Compensating Interest - - 1,404.03 -
Trustee Fee (Tx. Com. Bk.) 2,030.56 492.52 579.63 502.69
Pool Insurance Premium (PMI Mtg. Ins.) 43,900.70 - - -
Pool Insurance (GE Mort. Ins.) - 11,347.59 -
Pool Insurance (United Guaranty Ins.) - - - 22,470.30
Backup for Pool Insurance (Fin. Sec. Assur.) 3,871.90 - - 15,387.33
Special Hazard Insurance (Comm. and Ind.) - - - -
Bond Manager Fee (Capstead) - - - -
Excess Compensating Interest (Capstead) 6,383.38 4,004.07 139.50 1,197.53
Administrative Fee (Capstead) 6,768.57 1,970.02 1,448.99 2,434.73
Administrative Fee (Other) - - - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) 4,697.36 902.95 - 1,744.34
Other - - - -
--------------- --------------- --------------- ---------------
Total Fees 67,652.47 18,717.15 2,168.12 43,736.92
--------------- --------------- --------------- ---------------
Servicing Fee 47,306.17 12,312.97 17,283.79 18,850.89
Interest on Accelerated Prepayments - - - -
--------------- --------------- --------------- ---------------
Total Interest Distribution $ 1,144,845.68 $ 279,336.78 $ 483,834.50 $ 432,618.61
=============== =============== =============== ===============
LOAN COUNT 538 154 279 251
WEIGHTED AVERAGE PASS-THROUGH RATE 7.607905427 7.562375201 8.011772688 7.66709
</TABLE>
Page 4 of 4
<PAGE>
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS JULY 1997 DISTRIBUTION
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
- ------------------------------------------------------------------------------------------------------------------------------------
1993-2A 7/25/97 149,572,077.00 63,270,939.43
- ----------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 125714AC9 34,791,000.00
D 125714AD7 8,535,000.00
E 125714AE5 7.25000 28,652,000.00 0.0056376612 0.0094591557 26,465,020.54 41.83 0.9236709668
F 125714AG0 7.25000 10,692,000.00 0.0060416667 0 10,692,000.00 16.90 1
G 125714AH8 7.25000 16,410,000.00 0.0060416667 0 16,410,000.00 25.94 1
H 125714AJ4 7.25000 3,006,000.00 0.0060416667 0 3,006,000.00 4.75 1
I 125714AF2 7.25000 12,057,000.00 0.0017320751 0.002502523 3,426,428.18 5.42 0.2841857991
J 125714AK1 7.25000 2,901,000.00 0.0060416684 0 2,901,000.00 4.59 1
KPO 125714AM7 0.00000 772,949.00 0 0.0006685693 370,362.71 0.59 0.4791554294
LIO 125714AN5 0.00 0.0001239866 0
R 125714AL9 7.25000 128.00 0.006015625 0 128.00 0.00 1
1993-2B 7/25/97 189,529,970.00 59,203,740.39
- ---------------------------------------------------
2B-A 125714AP0 189,529,000.00 0.0020246065 0.0087362614 59,203,740.39 100.00 0.3123729898
1993-2C 7/25/97 207,040,201.00 125,222,893.52
- ----------------------------------------------------
A-2 125714BB0 6.50000 27,680,000.00 0.0013742995 0.003964905 6,913,132.38 5.52 0.2497518923
A-3 125714BC8 10,312,000.00 0.002052405 0.0039649021 2,575,442.75 2.06 0.2497520122
A-4 125714BD6 33,521,000.00 0.0032392995 0.0082417171 17,402,462.84 13.90 0.5191510647
A-5 000005CQR 84,357,000.00 0.0061421008 0 84,357,000.00 67.37 1
A-R 125714AZ8 1,000.00 0.00614 0 1,000.00 0.00 1
B-1 000007CQR 5,694,392.00 0.0058931419 0.0011353152 5,457,115.51 4.36 0.9583315497
B-2 000008CQR 3,623,203.00 0.0058931421 0.0011353131 3,472,229.90 2.77 0.9583315922
B-3 000009CQR 2,588,003.00 0.0058931423 0.0011353155 2,480,165.04 1.98 0.9583315939
B-4 000010CQR 1,345,761.00 0.0058931415 0.001135313 1,289,685.26 1.03 0.958331576
B-5 000011CQR 621,120.00 0.0058931446 0.0011353201 595,238.91 0.48 0.9583315784
B-6 000012CQR 1,138,722.00 0.003664696 0 679,420.93 0.54 0.5966521504
</TABLE>
Page 1 of 4
<PAGE>
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS JULY 1997 DISTRIBUTION
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
- ------------------------------------------------------------------------------------------------------------------------------------
1993-2D 7/25/97 175,093,365.00 86,878,804.86
- ----------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.0015746285 0.0094301574 7,134,575.76 8.21 0.2666732362
B 125714AT2 39,792,000.00 0.0031492481 0.0188602304 21,222,864.10 24.43 0.5333449965
C 125714AU9 29,251,000.00 0.0057030392 0 29,251,000.00 33.67 1
D 125714AV7 17,072,000.00 0.0057030389 0 17,072,000.00 19.65 1
E 125714AW5 1,897,000.00 0.0057030416 0 1,897,000.00 2.18 1
F 125714AX3 10,300,365.00 0.0057030396 0 10,300,365.00 11.86 1
R 125714AY1 1,000.00 0.0057 0 1,000.00 0.00 1
1993-2E 7/25/97 317,870,015.00 202,186,600.69
- ----------------------------------------------------
15A 125714BE4 6.75000 86,454,000.00 0.0032785363 0.004480699 50,002,418.43 24.73 0.5783702134
15B 125714BF1 6.75000 9,494,478.45 0.0032785362 0.0044806992 5,491,323.51 2.72 0.578370239
15CPO 125714BG9 0.00000 1,972,695.84 0 0.0042858099 1,303,051.56 0.64 0.6605435201
15DIO 125714BH7 5,911.86 0.9443183356 0.0029364005 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 0.005728757 0.0490027331 27,144,869.60 13.43 0.9330699024
30F 125714BW4 7.00000 11,747,000.00 0.0058333336 0 11,747,000.00 5.81 1
30G 125714BX2 7.00000 24,409,000.00 0.0058333332 0 24,409,000.00 12.07 1
30H 125714BY0 7.00000 21,450,000.00 0.0058333333 0 21,450,000.00 10.61 1
30I 125714BZ7 7.00000 13,542,000.00 0.0058333333 0 13,542,000.00 6.70 1
30J 125714CA1 40,256,000.00 0.0039052901 0 32,403,578.22 16.03 0.8049378532
30K 125714CB9 17,252,571.43 0.0065394497 0 13,887,247.79 6.87 0.8049378722
30NIO 125714BR5 0.00 0.0000915513 0
30PPO 125714BS3 0.00000 1,089,658.82 0 0.004028095 803,154.32 0.40 0.7370694135
</TABLE>
Page 2 of 4
<PAGE>
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS JULY 1997 DISTRIBUTION
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 7/25/97 222,866,291.00 71,817,846.32
- ----------------------------------------------------
A 125714BJ3 222,866,000.00 0.0020605901 0.0031853282 71,817,846.32 100.00 0.3222467596
1993-2G 7/25/97 246,780,547.00 182,152,513.70
- ----------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.0031686497 0.0027165458 31,036,477.48 17.04 0.5257568349
2G-A2 125714CS2 27,342,000.00 0.0026843819 0.001035015 12,212,885.74 6.70 0.4466712655
2G-A3 125714CT0 25,200,000.00 0.0010169762 0.0034844004 5,129,025.55 2.82 0.2035327599
2G-A4 125714CU7 15,000,000.00 0.005662522 0 15,000,000.00 8.23 1
2G-A5 125714A#2 100,190,000.00 0.005995855 0 100,190,000.00 55.00 1
2G-B1 125714A@4 4,936,000.00 0.0057572366 0.0011219165 4,734,022.72 2.60 0.959080778
2G-B2 125714B#1 3,701,000.00 0.0057572359 0.0011219157 3,549,557.95 1.95 0.9590807755
2G-B3 125714B*5 1,481,000.00 0.0057572384 0.0011219176 1,420,398.63 0.78 0.9590807765
2G-B4 125714B@3 740,000.00 0.0057572297 0.0011219189 709,719.79 0.39 0.9590807973
2G-B5 125714C#0 1,481,547.00 0.00452149 0.000881052 1,070,351.03 0.59 0.7224549947
2G-M 125714A*6 7,403,000.00 0.0057572363 0.0011219168 7,100,074.81 3.90 0.9590807524
2GA3IO 125714CP8 0.00 0.0002242687 0
2GA4IO 125714CQ6 0.00 0.0003333333 0
1993-2H 7/25/97 315,871,665.00 97,332,397.07
- ----------------------------------------------------
2H-A1 125714CG8 180,386,000.00 0.0020351411 0.0123300425 55,583,971.94 57.11 0.308139057
2H-A2 125714CH6 125,000,000.00 0.0022058596 0.0133643521 41,748,425.13 42.89 0.333987401
2H-A3 125714CJ2 10,485,000.00
1993-2I 7/25/97 367,955,786.00 138,614,380.90
- ----------------------------------------------------
2I-3IO 125714CL7 0.00 0.0001452282 0
2I-A1 125714CE3 237,519,000.00 0.0025942872 0.0109273698 93,800,219.57 67.67 0.3949166996
2I-A2 125714CD5 130,435,853.00 0.0020752321 0.0065522608 44,814,161.33 32.33 0.3435724174
</TABLE>
Page 3 of 4
<PAGE>
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS JULY 1997 DISTRIBUTION
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 7/25/97 176,490,904.00 95,293,079.36
- ----------------------------------------------------
A1 125714CV5 82,117,691.00 0.0036232238 0.0165715367 45,285,097.55 47.52 0.5514657926
A2 125714CW3 94,373,113.00 0.0035371015 0.0321332792 50,007,981.81 52.48 0.5298964951
R 125714CX1 100.00
1996-A 7/25/97 115,119,131.00 71,704,601.84
- ----------------------------------------------------
A 125714CY9 115,119,031.00 0.004088011 0.0238679275 71,704,601.84 100.00 0.6228735702
R 125714CZ6 100.00
1996-B 7/25/97 207,490,355.00 158,585,426.42
- ----------------------------------------------------
A1 125714DA0 0.00000 41,914,009.00 0.0048724409 0.0301634246 30,683,141.19 19.35 0.7320497829
A2 125714DB8 0.00000 165,576,246.00 0.0049866061 0.015672976 127,902,285.23 80.65 0.7724675992
R 125714DC6 100.00
1996-C 7/25/97 266,806,262.00 160,172,102.35
- ----------------------------------------------------
A 125714DD4 0.00000 266,806,062.00 0.0031654282 0.0288218589 160,172,102.35 100.00 0.600331571
R N/A 100.00
X N/A 100.00
</TABLE>
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