<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: AUGUST 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 AUGUST 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 $1,081,075.57
Series 1993-2B $1,337,551.78
Series 1993-2C $2,042,084.64
Series 1993-2D $2,089,991.96
Series 1993-2E $2,865,881.44
Series 1993-2F $3,720,667.99
Series 1993-2G $3,020,506.39
Series 1993-2H $3,121,614.81
Series 1993-2I $4,257,011.21
Series 1995-A $3,923,956.02
Series 1996-A $2,874,203.21
Series 1996-B $5,696,335.45
Series 1996-C $7,894,232.22
</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
September 22, 1997 By: s/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: 31-AUG-97
<TABLE>
<CAPTION>
Deal Reference 93-2A 93-2B 93-2C 93-2D
-------------- -------------- --------------- --------------
<S> <C> <C> <C> <C>
Beginning Security Balance $63,270,941.35 $59,203,732.00 $125,222,892.95 $ 86,878,805.39
Loans Repurchased - - - -
Scheduled Principal Distribution 65,746.84 59,854.34 142,158.32 483,539.69
Additional Principal Distribution 13,460.80 10,656.61 38,303.38 97,547.70
Liquidations Distribution 603,393.94 892,516.38 1,092,445.58 1,013,424.89
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- -------------- --------------- --------------
Ending Security Balance $62,688,349.77 $58,240,704.67 $123,949,985.67 $85,284,293.11
============== ============== =============== ==============
Interest Distribution:
Due Certificate Holders $ 395,868.54 $ 374,524.45 $ 765,122.30 $ 492,435.14
Compensating Interest 2,615.39 - 4,055.06 3,044.54
Trustee Fee (Tx. Com. Bk.) 711.80 740.03 1,565.29 1,085.99
Pool Insurance Premium (PMI Mtg. Ins.) - - - -
Pool Insurance (GE Mort. Ins.) 15,311.57 16,991.51 - 13,987.49
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) 3,005.37 1,771.15 - -
Bond Manager Fee (Capstead) 1,001.79 986.73 1,565.29 1,266.98
Excess Compensating Interest (Capstead) - 5,290.68 - -
Administrative Fee (Capstead) 1,713.67 - 5,217.60 2,714.96
Administrative Fee (Other) - (10.99) - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) - - - -
Other - (62.23) - -
-------------- -------------- --------------- --------------
Total Fees 21,744.20 25,706.88 8,348.18 19,055.42
-------------- -------------- --------------- --------------
Servicing Fee 21,259.96 18,431.73 32,992.70 24,827.52
Interest on Accelerated Prepayments - - - -
-------------- -------------- --------------- --------------
Total Interest Distribution $ 441,488.09 $ 418,663.06 $ 810,518.24 $ 539,362.62
============== ============== =============== ==============
Loan Count 233 203 448 348
Weighted Average Pass-Through Rate 7.557667166 7.718463 7.370959177 6.843736091
</TABLE>
Page 1 of 5
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-AUG-97
<TABLE>
<CAPTION>
Deal Reference 93-2E.A 93-2E.B 93-2F 93-2G
-------------- --------------- -------------- ---------------
<S> <C> <C> <C> <C>
Beginning Security Balance $56,799,455.69 $145,386,851.21 $71,817,841.00 $182,152,512.83
Loans Repurchased - - - -
Scheduled Principal Distribution 305,294.50 159,234.97 72,472.95 213,462.21
Additional Principal Distribution 23,085.69 41,621.60 123,594.57 65,030.79
Liquidations Distribution 587,685.51 568,008.73 3,079,747.97 1,649,845.76
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- --------------- -------------- ---------------
Ending Security Balance $55,883,389.99 $144,617,985.91 $68,542,025.51 $180,224,174.07
============== =============== ============== ===============
Interest Distribution:
Due Certificate Holders $ 317,519.46 $ 862,731.32 $ 444,852.90 $ 1,086,678.58
Compensating Interest 189.66 510.00 - 5,489.05
Trustee Fee (Tx. Com. Bk.) 615.33 1,575.02 897.67 2,049.22
Pool Insurance Premium (PMI Mtg. Ins.) 12,495.88 31,985.11 20,611.80 -
Pool Insurance (GE Mort. Ins.) - - - -
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) - - 2,148.49 -
Bond Manager Fee (Capstead) 709.99 1,817.34 1,196.56 2,276.91
Excess Compensating Interest (Capstead) - - 11,334.01 -
Administrative Fee (Capstead) 2,011.74 5,149.38 - 7,590.14
Administrative Fee (Other) - - 0.01 -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) - - - -
Other - - - -
-------------- --------------- -------------- ---------------
Total Fees 15,832.94 40,526.85 36,188.54 11,916.27
-------------- --------------- --------------- ---------------
Servicing Fee 16,244.19 38,418.50 22,827.62 45,871.31
Interest on Accelerated Prepayments - - - -
-------------- --------------- -------------- ---------------
Total Interest Distribution $ 349,786.25 $ 942,186.67 $ 503,869.06 $ 1,149,955.21
============== =============== ============== ===============
Loan Count 226 490 246 647
Weighted Average Pass-Through Rate 6.71222883 7.125056877 7.642387 7.195075904
</TABLE>
Page 2 of 5
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-AUG-97
<TABLE>
<CAPTION>
Deal Reference 93-2H.1 93-2H.2 93-2I 93-2I.1
-------------- -------------- -------------- --------------
<S> <C> <C> <C> <C>
Beginning Security Balance $62,869,132.09 $34,463,263.00 $46,262,325.62 $44,814,161.21
Loans Repurchased - - - -
Scheduled Principal Distribution 59,941.03 32,085.30 45,703.06 41,247.00
Additional Principal Distribution 14,273.66 6,043.69 9,151.28 113,848.62
Liquidations Distribution 1,527,319.61 863,914.09 - 1,608,275.68
Accelerated Prepayments - - - -
Adjustments (Cash) - - 62.45 -
Losses/Foreclosures - - 650,194.75 -
Special Hazard Account - - - -
-------------- -------------- -------------- --------------
Ending Security Balance $61,267,597.79 $33,561,219.92 $45,557,214.08 $43,050,789.91
============== ============== ============== ==============
Interest Distribution:
Due Certificate Holders $ 396,063.19 $ 221,974.20 $ 298,021.65 $ 288,278.93
Compensating Interest - - - -
Trustee Fee (Tx. Com. Bk.) 785.86 430.77 578.29 560.17
Pool Insurance Premium (PMI Mtg. Ins.) - - - -
Pool Insurance (GE Mort. Ins.) 18,483.52 9,890.93 13,153.93 13,175.35
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) - - - -
Bond Manager Fee (Capstead) - 1,622.21 2,310.24 -
Excess Compensating Interest (Capstead) 6,470.82 2,496.68 - 1,077.42
Administrative Fee (Capstead) 2,619.49 301.71 319.08 1,867.23
Administrative Fee (Other) - - - -
Excess-Fees - - (158.85) -
Special Hazard Insurance (Aetna Casualty) 1,629.35 1,031.07 1,384.04 1,161.43
Other - - - -
-------------- -------------- -------------- --------------
Total Fees 29,989.04 15,773.37 17,586.73 17,841.60
-------------- -------------- -------------- --------------
Servicing Fee 19,646.63 11,448.53 14,456.96 14,004.41
Interest on Accelerated Prepayments - - - -
-------------- -------------- -------------- --------------
Total Interest Distribution $ 445,698.86 $ 249,196.10 $ 330,065.34 $ 320,124.94
============== ============== ============== ==============
Loan Count 223 113 175 176
Weighted Average Pass-Through Rate 7.559764422 7.75027 7.776107 7.71931699
</TABLE>
Page 3 of 5
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-AUG-97
<TABLE>
<CAPTION>
Deal Reference 93-2I.2 1995-A 1996-A 1996-B
-------------- --------------- -------------- ---------------
<S> <C> <C> <C> <C>
Beginning Security Balance $47,537,893.75 $ 95,293,080.39 $71,704,602.71 $158,585,427.53
Loans Repurchased - 184,948.01 - -
Scheduled Principal Distribution 42,557.05 78,551.80 67,227.46 143,986.46
Additional Principal Distribution 3,398.62 44,658.97 12,776.92 24,412.78
Liquidations Distribution 848,672.55 3,004,548.20 2,338,294.82 4,522,955.27
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- --------------- -------------- ---------------
Ending Security Balance $46,643,265.53 $ 91,980,373.41 $69,286,303.51 $153,894,073.02
============== =============== ============== ===============
Interest Distribution:
Due Certificate Holders $ 307,599.18 $ 611,249.02 $ 455,903.99 $ 1,004,980.95
Compensating Interest - - - -
Trustee Fee (Tx. Com. Bk.) 594.23 794.10 896.30 1,982.32
Pool Insurance Premium (PMI Mtg. Ins.) 13,718.64 - - 42,857.71
Pool Insurance (GE Mort. Ins.) - 35,734.90 - -
Pool Insurance (United Guaranty Ins.) - - 20,650.93 -
Backup for Pool Insurance (Fin. Sec. Assur.) 2,281.15 - - 3,809.06
Special Hazard Insurance (Comm. and Ind.) - - - -
Bond Manager Fee (Capstead) - - - -
Excess Compensating Interest (Capstead) 946.08 3,380.04 3,091.47 11,385.47
Administrative Fee (Capstead) 1,980.68 2,573.31 2,987.60 6,607.59
Administrative Fee (Other) - - - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) 1,422.18 2,183.80 1,643.23 4,585.76
Other - - - -
-------------- --------------- -------------- ---------------
Total Fees 20,942.96 44,666.15 29,269.53 71,227.91
-------------- --------------- -------------- ---------------
Servicing Fee 14,855.66 29,779.12 20,048.66 46,199.79
Interest on Accelerated Prepayments - - - -
-------------- --------------- -------------- ---------------
Total Interest Distribution $ 343,397.80 $ 685,649.29 $ 505,222.18 $ 1,122,408.65
============== =============== ============== ===============
Loan Count 189 412 250 526
Weighted Average Pass-Through Rate 7.764732235 7.697293665 7.62970252 7.604589897
</TABLE>
Page 4 of 5
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-AUG-97
<TABLE>
<CAPTION>
Deal Reference 1996-C.1 1996-C.2 1996-C.3
-------------- --------------- --------------
<S> <C> <C> <C>
Beginning Security Balance $38,180,716.48 $ 64,691,472.48 $58,860,258.11
Loans Repurchased - - -
Scheduled Principal Distribution 32,418.06 55,811.71 46,757.59
Additional Principal Distribution 7,893.62 63,093.36 12,312.18
Liquidations Distribution 1,351,664.57 4,719,286.01 563,607.01
Accelerated Prepayments - - -
Adjustments (Cash) - - -
Losses/Foreclosures - - -
Special Hazard Account - - -
-------------- --------------- --------------
Ending Security Balance $36,788,740.23 $ 59,853,281.40 $58,237,581.33
============== =============== ==============
Interest Distribution:
Due Certificate Holders $ 244,040.94 $ 430,797.98 $ 365,225.54
Compensating Interest - 1,323.65 -
Trustee Fee (Tx. Com. Bk.) 477.26 539.10 490.51
Pool Insurance Premium (PMI Mtg. Ins.) - - -
Pool Insurance (GE Mort. Ins.) 10,996.04 - -
Pool Insurance (United Guaranty Ins.) - - 21,925.45
Backup for Pool Insurance (Fin. Sec. Assur.) - - 14,682.45
Special Hazard Insurance (Comm. and Ind.) - - -
Bond Manager Fee (Capstead) - - -
Excess Compensating Interest (Capstead) 2,483.37 - 975.51
Administrative Fee (Capstead) 1,909.09 1,347.64 2,370.87
Administrative Fee (Other) - - -
Excess-Fees - - -
Special Hazard Insurance (Aetna Casualty) 874.98 - 1,702.04
Other - - -
-------------- --------------- --------------
Total Fees 16,740.74 1,886.74 42,146.83
-------------- --------------- --------------
Servicing Fee 11,931.49 15,841.95 18,393.86
Interest on Accelerated Prepayments - - -
-------------- --------------- --------------
Total Interest Distribution $ 272,713.17 $ 449,850.32 $ 425,766.23
============== =============== ==============
Loan Count 149 262 245
Weighted Average Pass-Through Rate 7.670079427 8.015677123 7.745287
</TABLE>
Page 5 of 5
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS AUGUST 1997 DISTRIBUTION
Series Payment Date Closing Balance Current Balance
<TABLE>
<CAPTION>
Class Cusip Number Coupon Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Per Class Per $1000 Per $1,000 Per Class Balance Factor
- ------------------------------------------------------------------------------------------------------------------------------------
1993-2A 8/25/97 149,572,077.00 62,588,347.85
- -----------------------------------------------------
<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 0.005580512 0.0214253225 25,851,142.20 41.30 0.9022456443
F 125714AG0 7.25000 10,692,000.00 0.0060416667 0 10,692,000.00 17.08 1
G 125714AH8 7.25000 16,410,000.00 0.0060416667 0 16,410,000.00 26.22 1
H 125714AJ4 7.25000 3,006,000.00 0.0060416667 0 3,006,000.00 4.80 1
I 125714AF2 7.25000 12,057,000.00 0.0017169561 0.0056616687 3,358,165.44 5.37 0.2785241304
J 125714AK1 7.25000 2,901,000.00 0.0060416684 0 2,901,000.00 4.64 1
KPO 125714AM7 0.00000 772,949.00 0 0.0005828328 369,912.21 0.59 0.4785725966
LIO 125714AN5 0.00 0.0001234166 0
R 125714AL9 7.25000 128.00 0.006015625 0 128.00 0.00 1
1993-2B 8/25/97 189,529,970.00 58,240,713.06
- ----------------------------------------------------
2B-A 125714AP0 189,529,000.00 0.0019662717 0.0050811608 58,240,713.06 100.00 0.307291829
1993-2C 8/25/97 207,040,201.00 123,949,986.16
- ----------------------------------------------------
A-2 125714BB0 6.50000 27,680,000.00 0.0013528226 0.0116748587 6,589,972.29 5.32 0.2380770336
A-3 125714BC8 10,312,000.00 0.0020206672 0.0116748497 2,455,051.70 1.98 0.2380771625
A-4 125714BD6 33,521,000.00 0.0031888676 0.0242681433 16,588,970.41 13.38 0.4948829215
A-5 000005CQR 84,357,000.00 0.0061424658 0 84,357,000.00 68.06 1
A-R 125714AZ8 1,000.00 0.00614 0 1,000.00 0.00 1
B-1 000007CQR 5,694,392.00 0.0058865196 0.0011435532 5,450,603.67 4.40 0.9571879965
B-2 000008CQR 3,623,203.00 0.0058865126 0.0011435379 3,468,086.63 2.80 0.9571880543
B-3 000009CQR 2,588,003.00 0.0058865117 0.0011435381 2,477,205.56 2.00 0.9571880558
B-4 000010CQR 1,345,761.00 0.0058865133 0.0011435389 1,288,146.33 1.04 0.9571880371
B-5 000011CQR 621,120.00 0.0058865115 0.001143531 594,528.64 0.48 0.9571880474
B-6 000012CQR 1,138,722.00 0.0036649068 0 679,420.93 0.55 0.5966521504
</TABLE>
Page 1 of 4
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK
BOND BALANCES AND FACTORS AUGUST 1997 DISTRIBUTION
Series Payment Date Closing Balance Current Balance
<TABLE>
<CAPTION>
Class Cusip Number Coupon Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Per Class Per $1000 Per $1,000 Per Class Balance Factor
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2D 8/25/97 175,093,365.00 85,284,314.20
- -----------------------------------------------------
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.001521676 0.0149946019 6,733,410.18 7.90 0.2516786342
B 125714AT2 39,792,000.00 0.003041727 0.0299890702 20,029,539.02 23.49 0.5033559263
C 125714AU9 29,251,000.00 0.0057031134 0 29,251,000.00 34.30 1
D 125714AV7 17,072,000.00 0.0057031133 0 17,072,000.00 20.02 1
E 125714AW5 1,897,000.00 0.0057031154 0 1,897,000.00 2.22 1
F 125714AX3 10,300,365.00 0.0057031134 0 10,300,365.00 12.08 1
R 125714AY1 1,000.00 0.0057 0 1,000.00 0.00 1
1993-2E 8/25/97 317,870,015.00 210,239,852.31
- -----------------------------------------------------
15A 125714BE4 6.75000 86,454,000.00 0.0032533324 0.0094549688 49,184,998.56 23.39 0.5689152446
15B 125714BF1 6.75000 9,494,478.45 0.0032533321 0.0094549695 5,401,553.51 2.57 0.5689152695
15CPO 125714BG9 0.00000 1,972,695.84 0 0.0044072123 1,294,357.47 0.62 0.6561363079
15DIO 125714BH7 5,911.86 0.9382019621 0.0307493234 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 9,738,000.00 4.63
30D 125714BU8 7.00000 922,000.00 0 0 0.02 0.00 0.0000000217
30E 125714BV6 7.00000 29,092,000.00 0.0054429077 0.0263935401 26,377,028.73 12.55 0.9066763622
30F 125714BW4 7.00000 11,747,000.00 0.0058333336 0 11,747,000.00 5.59 1
30G 125714BX2 7.00000 24,409,000.00 0.0058333332 0 24,409,000.00 11.61 1
30H 125714BY0 7.00000 21,450,000.00 0.0058333333 0 21,450,000.00 10.20 1
30I 125714BZ7 7.00000 13,542,000.00 0.0058333333 0 13,542,000.00 6.44 1
30J 125714CA1 40,256,000.00 0.0039334631 0 32,403,578.22 15.41 0.8049378532
30K 125714CB9 17,252,571.43 0.0064737128 0 13,887,247.79 6.61 0.8049378722
30NIO 125714BR5 0.00 0.0000901893 0
30PPO 125714BS3 0.00000 1,089,658.82 0 0.0009393306 802,130.77 0.38 0.7361300829
</TABLE>
Page 2 of 4
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK
BOND BALANCES AND FACTORS AUGUST 1997 DISTRIBUTION
Series Payment Date Closing Balance Current Balance
<TABLE>
<CAPTION>
Class Cusip Number Coupon Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Per Class Per $1000 Per $1,000 Per Class Balance Factor
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2F 8/25/97 222,866,291.00 68,542,031.23
- -----------------------------------------------------
A 125714BJ3 222,866,000.00 0.0019960536 0.0146985861 68,542,031.23 100.00 0.3075481735
1993-2G 8/25/97 246,780,547.00 180,224,182.82
- -----------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.0031523836 0.0187335677 29,930,597.51 16.61 0.5070232672
2G-A2 125714CS2 27,342,000.00 0.0026781947 0.0071375646 12,017,730.45 6.67 0.4395337009
2G-A3 125714CT0 25,200,000.00 0.0009998675 0.0240287702 4,523,500.54 2.51 0.1795039897
2G-A4 125714CU7 15,000,000.00 0.0056630887 0 15,000,000.00 8.32 1
2G-A5 125714A#2 100,190,000.00 0.0059958967 0 100,190,000.00 55.59 1
2G-B1 125714A@4 4,936,000.00 0.005750549 0.0011239344 4,728,474.98 2.62 0.9579568436
2G-B2 125714B#1 3,701,000.00 0.0057505485 0.0011239341 3,545,398.27 1.97 0.9579568414
2G-B3 125714B*5 1,481,000.00 0.0057505469 0.0011239365 1,418,734.08 0.79 0.95795684
2G-B4 125714B@3 740,000.00 0.0057505541 0.0011239324 708,888.08 0.39 0.9579568649
2G-B5 125714C#0 1,481,547.00 0.0043317627 0.0008413165 1,069,104.58 0.59 0.7216136781
2G-M 125714A*6 7,403,000.00 0.0057505484 0.0011239335 7,091,754.33 3.93 0.9579568189
2GA3IO 125714CP8 0.00 0.0002204937 0
2GA4IO 125714CQ6 0.00 0.0003333333 0
1993-2H 8/25/97 315,871,665.00 94,828,819.65
- -----------------------------------------------------
2H-A1 125714CG8 180,386,000.00 0.0019566088 0.0079259323 54,154,244.72 57.11 0.3002131247
2H-A2 125714CH6 125,000,000.00 0.0021207396 0.0085908016 40,674,574.93 42.89 0.3253965994
2H-A3 125714CJ2 10,485,000.00
</TABLE>
3
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK
BOND BALANCES AND FACTORS FEBRUARY 1997 DISTRIBUTION
Series Payment Date Closing Balance Current Balance
<TABLE>
<CAPTION>
Class Cusip Number Coupon Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Per Class Per $1000 Per $1,000 Per Class Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2I 8/25/97 367,955,786.00 135,251,269.45
- -----------------------------------------------------
2I-3IO 125714CL7 0.00 0.0001428319 0
2I-A1 125714CE3 237,519,000.00 0.0025511313 0.0067352079 92,200,479.72 68.17 0.3881814917
2I-A2 125714CD5 130,435,853.00 0.0020648249 0.0135190713 43,050,789.73 31.83 0.3300533461
1995-A 8/25/97 176,490,904.00 91,980,372.39
- -----------------------------------------------------
A1 125714CV5 82,117,691.00 0.0035547816 0.0240699732 43,308,526.93 47.08 0.5273958194
A2 125714CW3 94,373,113.00 0.0033837878 0.0141580192 48,671,845.46 52.92 0.5157384759
R 125714CX1 100.00
1996-A 8/25/97 115,119,131.00 69,286,302.64
- -----------------------------------------------------
A 125714CY9 115,119,031.00 0.0039602836 0.0210069454 69,286,302.64 100.00 0.6018666248
R 125714CZ6 100.00
1996-B 8/25/97 207,490,355.00 153,894,071.97
- -----------------------------------------------------
A1 125714DA0 0.00000 41,914,009.00 0.0047506401 0.0182709418 29,917,332.77 19.44 0.7137788411
A2 125714DB8 0.00000 165,576,246.00 0.0048670184 0.0237083889 123,976,739.20 80.56 0.7487592103
R 125714DC6 100.00
1996-C 8/25/97 266,806,262.00 153,194,062.22
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A 125714DD4 0.00000 266,806,062.00 0.0031210988 0.026153979 153,194,062.22 100.00 0.574177592
R N/A 100.00
X N/A 100.00
</TABLE>
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