<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: March 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 March 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 $ 1,463,892.51
Series 1993-2B $ 2,312,484.67
Series 1993-2C $ 1,191,950.63
Series 1993-2D $ 1,866,571.41
Series 1993-2E $ 2,983,805.38
Series 1993-2F $ 1,735,349.67
Series 1993-2G $ 1,704,705.68
Series 1993-2H $ 1,348,849.29
Series 1993-2I $ 3,230,217.01
Series 1995-A $ 4,996,868.58
Series 1996-A $ 1,581,617.68
Series 1996-B $ 3,808,234.88
Series 1996-C $11,740,085.12
</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
May 15, 1997 By: /s/ Phillip A. Reinsch
-----------------------------------
Phillip A. Reinsch - Vice President
<PAGE>
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
May 15, 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: 28-FEB-97
<TABLE>
<CAPTION>
Deal Reference 93-2A 93-2B 93-2C 93-2D
-------------- -------------- --------------- --------------
<S> <C> <C> <C> <C>
Beginning Security Balance $66,197,527.81 $68,558,138.00 $130,687,298.10 $93,077,832.23
Loans Repurchased - - -
Scheduled Principal Distribution 65,450.28 66,889.37 141,552.53 484,076.69
Additional Principal Distribution 11,504.39 381,814.68 32,180.87 85,935.09
Liquidations Distribution 970,326.86 1,426,720.50 215,388.59 765,540.29
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- -------------- --------------- --------------
Ending Security Balance $65,150,246.28 $66,682,713.45 $130,298,176.11 $91,742,280.16
============== ============== =============== ==============
Interest Distribution:
Due Certificate Holders $ 415,763.27 $ 437,060.12 $ 802,717.14 $ 529,200.08
Compensating Interest 846.71 - 111.49 1,819.26
Trustee Fee (Tx. Com. Bk.) 744.72 857.01 1,633.59 1,163.47
Pool Insurance Premium (PMI Mtg. Ins.) - - -
Pool Insurance (GE Mort. Ins.) 16,019.80 19,676.22 - 14,985.53
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) 3,144.38 2,051.05 - -
Bond Manager Fee (Capstead) 1,048.13 1,142.64 1,633.59 1,357.39
Excess Compensating Interest (Capstead) - 2,553.38 - -
Administrative Fee (Capstead) 1,792.87 - 5,445.52 2,908.74
Administrative Fee (Other) - (14.08) - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) - - - -
------------- ------------ ------------- ------------
Total Fees 22,749.90 26,266.22 8,712.70 20,415.13
Servicing Fee 22,230.52 21,411.28 34,170.14 26,793.19
Interest on Accelerated Prepayments - - - -
------------- ------------ ------------- ------------
Total Interest Distribution $ 461,590.40 $ 484,737.62 $ 845,711.47 $ 578,227.66
============= ============ ============= ============
Loan Count 242 228 464 361
Weighted Average Pass-Through Rate 7.552124566 7.714723 7.371752037 6.846132884
</TABLE>
Page 1 of 5
<PAGE>
EXHIBIT 28.1
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 28-FEB-97
<TABLE>
<CAPTION>
Deal Reference 93-2E.A 93-2E.B 93-2F 93-2G
-------------- --------------- -------------- ---------------
<S> <C> <C> <C> <C>
Beginning Security Balance $60,757,168.92 $151,300,711.14 $80,218,155.00 $187,651,949.32
Loans Repurchased - - - -
Scheduled Principal Distribution 305,541.59 159,741.69 80,938.88 208,281.53
Additional Principal Distribution 16,885.44 37,018.25 361,258.91 139,162.72
Liquidations Distribution 706,852.32 519,304.36 790,956.10 232,258.57
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- --------------- -------------- ---------------
Ending Security Balance $59,727,889.57 $150,584,646.84 $78,985,001.11 $187,072,246.50
============== =============== ============== ===============
Interest Distribution:
Due Certificate Holders $ 337,792.67 $ 898,284.45 $ 502,196.53 $ 1,124,954.42
Compensating Interest 2,059.84 324.80 - 48.44
Trustee Fee (Tx. Com. Bk.) 658.20 1,639.09 1,002.81 2,111.08
Pool Insurance Premium (PMI Mtg. Ins.) 13,366.58 33,286.16 23,022.70 -
Pool Insurance (GE Mort. Ins.) - - - -
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) - - 2,399.78 -
Bond Manager Fee (Capstead) 759.46 1,891.26 1,604.36 2,345.65
Excess Compensating Interest (Capstead) - - 330.93 -
Administrative Fee (Capstead) 2,151.77 5,358.73 - 7,819.01
Administrative Fee (Other) - - (0.06) -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) - - - -
-------------- --------------- -------------- ---------------
Total Fees 16,936.01 42,175.24 28,360.52 12,275.74
Servicing Fee 17,387.18 40,385.21 25,454.89 47,346.47
Interest on Accelerated Prepayments - - - -
-------------- --------------- -------------- ---------------
Total Interest Distribution $ 374,175.70 $ 981,169.70 $ 556,011.94 $ 1,184,625.07
============== =============== ============== ===============
Loan Count 235 507 273 661
Weighted Average Pass-Through Rate 6.712343897 7.127072252 7.541408 7.19418816
</TABLE>
Page 2 of 5
<PAGE>
Capstead Mortgage Corporation EXHIBIT 28.1
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 28-FEB-97
<TABLE>
<CAPTION>
Deal Reference 93-2H.1 93-2H.2 93-2I 93-2I.1
--------------- --------------- -------------- ---------------
<S> <C> <C> <C> <C>
Beginning Security Balance $70,521,791.89 $36,641,195.00 $48,324,578.56 $49,955,939.26
Loans Repurchased - - - -
Scheduled Principal Distribution 65,600.44 38,187.64 44,618.46 40,935.50
Additional Principal Distribution 7,273.03 9,838.48 7,722.41 7,679.63
Liquidations Distribution 558,224.30 - - 1,353,251.66
Accelerated Prepayments - - - -
Adjustments (Cash) - - 52.24 -
Losses/Foreclosures - - 161,198.46 -
Special Hazard Account - - - -
-------------- -------------- -------------- --------------
Ending Security Balance $69,890,694.12 $36,593,168.88 $48,110,986.99 $48,554,072.47
============== ============== ============== ==============
Interest Distribution:
Due Certificate Holders $ 442,846.49 $ 226,878.51 $ 312,138.14 $ 315,863.80
Compensating Interest - - - -
Trustee Fee (Tx. Com. Bk.) 881.53 458.00 604.01 624.45
Pool Insurance Premium (PMI Mtg. Ins.) - - - -
Pool Insurance (GE Mort. Ins.) 20,733.40 10,516.06 13,740.07 14,687.04
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) - - - -
Bond Manager Fee (Capstead) - 610.68 - -
Excess Compensating Interest (Capstead) 1,195.56 1,175.43 - 1,993.34
Administrative Fee (Capstead) 2,938.30 - 331.69 2,081.42
Administrative Fee (Other) - 346.39 - -
Excess-Fees - - (162.36) -
Special Hazard Insurance (Aetna Casualty) 1,827.69 1,096.23 1,445.69 1,294.69
-------------- -------------- --------------- --------------
Total Fees 27,576.48 14,202.79 15,959.10 20,680.94
Servicing Fee 22,037.98 12,132.39 15,101.40 15,611.22
Interest on Accelerated Prepayments - - - -
-------------- -------------- --------------- --------------
Total Interest Distribution $ 492,460.95 $ 253,213.69 $ 343,198.64 $ 352,155.96
============== ============== =============== ==============
Loan Count 249 120 186 194
Weighted Average Pass-Through Rate 7.535483342 7.532898 7.66259 7.587417344
</TABLE>
Page 3 of 5
<PAGE>
EXHIBIT 28.1
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 28-FEB-97
<TABLE>
<CAPTION>
Deal Reference 93-2I.2 1995-A 1996-A 1996-B
-------------- --------------- -------------- ---------------
<S> <C> <C> <C> <C>
Beginning Security Balance $56,203,310.92 $112,826,006.73 $80,870,587.59 $176,103,019.29
Loans Repurchased - - - -
Scheduled Principal Distribution 48,172.99 92,715.47 73,641.38 158,656.19
Additional Principal Distribution 2,762.91 78,793.43 23,286.35 8,411.47
Liquidations Distribution 582,666.80 4,126,854.35 977,415.29 2,544,852.20
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- --------------- -------------- ---------------
Ending Security Balance $55,569,708.22 $108,527,643.48 $79,796,244.57 $173,391,099.43
============== =============== ============== ===============
Interest Distribution:
Due Certificate Holders $ 355,728.17 $ 698,505.31 $ 507,274.66 $ 1,096,315.03
Compensating Interest - - - -
Trustee Fee (Tx. Com. Bk.) 702.54 940.22 1,010.88 2,201.28
Pool Insurance Premium (PMI Mtg. Ins.) 16,219.33 - - 47,591.84
Pool Insurance (GE Mort. Ins.) - 42,309.76 23,290.72 -
Pool Insurance (United Guaranty Ins.) 2,607.46 - - 4,084.27
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) - - - -
Bond Manager Fee (Capstead) - - - -
Excess Compensating Interest (Capstead) 731.73 12,338.42 1,492.40 5,245.09
Administrative Fee (Capstead) 2,341.77 3,083.10 3,369.61 7,337.44
Administrative Fee (Other) - - - -
Excess-Fees 1,681.42 - 1,853.29 5,092.31
Special Hazard Insurance (Aetna Casualty) - 2,585.59 - -
-------------- --------------- -------------- ---------------
Total Fees 24,284.25 61,257.09 31,016.90 71,552.23
Servicing Fee 17,563.53 35,258.21 22,643.32 51,354.95
Interest on Accelerated Prepayments - - - -
-------------- --------------- -------------- ---------------
Total Interest Distribution $ 397,575.95 $ 795,020.61 $ 560,934.88 $ 1,219,222.21
============== =============== ============== ===============
Loan Count 218 483 279 577
Weighted Average Pass-Through Rate 7.595171833 7.429194707 7.527206246 7.470502444
</TABLE>
Page 4 of 5
<PAGE>
EXHIBIT 28.1
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 28-FEB-97
<TABLE>
<CAPTION>
Deal Reference 1996-C.1 1996-C.2 1996-C.3
-------------- ---------------- --------------
<S> <C> <C> <C>
Beginning Security Balance $44,818,361.57 $105,442,093.82 $69,630,821.11
Loans Repurchased - - -
Scheduled Principal Distribution 36,840.62 87,313.62 55,351.00
Additional Principal Distribution 5,454.04 26,892.24 6,992.14
Liquidations Distribution 1,604,103.33 8,087,407.40 624,994.54
Accelerated Prepayments - - -
Adjustments (Cash) - - -
Losses/Foreclosures - - -
Special Hazard Account - - -
-------------- ---------------- --------------
Ending Security Balance $43,171,963.58 $ 97,240,480.56 $68,943,483.43
============== ================ ==============
Interest Distribution:
Due Certificate Holders $ 283,731.03 $ 659,397.30 $ 440,465.97
Compensating Interest - 2,322.86 -
Trustee Fee (Tx. Com. Bk.) 560.23 878.68 580.25
Pool Insurance Premium (PMI Mtg. Ins.) - - -
Pool Insurance (GE Mort. Ins.) 12,907.69 - -
Pool Insurance (United Guaranty Ins.) - - 25,937.48
Backup for Pool Insurance (Fin. Sec. Assur.) - - -
Special Hazard Insurance (Comm. and Ind.) - - -
Bond Manager Fee (Capstead) - - -
Excess Compensating Interest (Capstead) 3,641.61 44.76 2,210.29
Administrative Fee (Capstead) 2,240.98 2,196.54 2,832.94
Administrative Fee (Other) - - -
Excess-Fees 1,027.09 - -
Special Hazard Insurance (Aetna Casualty) - - 2,013.49
-------------- ---------------- --------------
Total Fees 20,377.60 3,119.98 33,574.45
Servicing Fee 14,005.75 27,805.38 21,759.65
Interest on Accelerated Prepayments - - -
-------------- ---------------- --------------
Total Interest Distribution $ 318,114.38 $ 692,645.52 $ 495,800.07
============== ================ ==============
Loan Count 173 390 287
Weighted Average Pass-Through Rate 7.596824696 7.530808269 7.590879
</TABLE>
Page 5 of 5
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS MARCH 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 3/25/97 149,572,077.00 65,150,244.44
- ------------------------------------------------
A 125714AC9 7.25000 34,791,000.00 0.0000336521 0.0055700201 0.00 0.00 0
D 125714AD7 7.25000 8,535,000.00 0.0001588588 0.0262939555 0.00 0.00 0
E 125714AE5 7.25000 28,652,000.00 0.0060416666 0.0179111797 28,138,808.88 43.19 0.9820888203
F 125714AG0 7.25000 10,692,000.00 0.0060416667 0 10,692,000.00 16.41 1
G 125714AH8 7.25000 16,410,000.00 0.0060416667 0 16,410,000.00 25.19 1
H 125714AJ4 7.25000 3,006,000.00 0.0060416667 0 3,006,000.00 4.61 1
I 125714AF2 7.25000 12,057,000.00 0.0018636128 0.0086866244 3,614,368.61 5.55 0.2997734602
J 125714AK1 7.25000 2,901,000.00 0.0060416684 0 2,901,000.00 4.45 1
KPO 125714AM7 0.00000 772,949.00 0 0.0144269156 387,938.95 0.60 0.5018946269
LIO 125714AN5 0.00 0.0001275492 0
R 125714AL9 7.25000 128.00 0.006015625 0 128.00 0.00 1
1993-2B 3/25/97 189,529,970.00 66,682,715.31
- -------------------------------------------------
2B-A 125714AP0 189,529,000.00 0.0023060328 0.0098951852 66,682,715.31 100.00 0.3518338371
1993-2C 3/25/97 207,040,201.00 130,298,176.76
- -------------------------------------------------
A-2 125714BB0 6.50000 27,680,000.00 0.0016230217 0.003472478 8,197,771.72 6.29 0.2961622731
A-3 125714BC8 10,312,000.00 0.0024249835 0.0034724758 3,054,026.25 2.34 0.2961623594
A-4 125714BD6 33,521,000.00 0.0038261907 0.0072181251 20,636,291.58 15.84 0.6156227911
A-5 000005CQR 84,357,000.00 0.0061431267 0 84,357,000.00 64.74 1
A-R 125714AZ8 1,000.00 0.00614 0 1,000.00 0.00 1
B-1 000007CQR 5,694,392.00 0.0059204863 0.0010983508 5,481,761.08 4.21 0.9626595921
B-2 000008CQR 3,623,203.00 0.005920488 0.0010983514 3,487,911.24 2.68 0.9626596246
B-3 000009CQR 2,588,003.00 0.0059204877 0.0010983527 2,491,366.00 1.91 0.962659626
B-4 000010CQR 1,345,761.00 0.0059204866 0.0010983525 1,295,509.76 0.99 0.9626596104
B-5 000011CQR 621,120.00 0.0059204824 0.0010983546 597,927.14 0.46 0.9626596149
B-6 000012CQR 1,138,722.00 0.0037634471 0 697,611.99 0.54 0.6126271294
</TABLE>
Page 1 of 4
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS MARCH 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 3/25/97 175,093,365.00 91,742,280.47
- --------------------------------------------------
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.0018539837 0.0125595305 8,358,201.01 9.11 0.3124093971
B 125714AT2 39,792,000.00 0.0037079561 0.0251189493 24,862,714.46 27.10 0.6248169094
C 125714AU9 29,251,000.00 0.0057051109 0 29,251,000.00 31.88 1
D 125714AV7 17,072,000.00 0.0057051107 0 17,072,000.00 18.61 1
E 125714AW5 1,897,000.00 0.0057051133 0 1,897,000.00 2.07 1
F 125714AX3 10,300,365.00 0.0057051104 0 10,300,365.00 11.23 1
R 125714AY1 1,000.00 0.00571 0 1,000.00 0.00 1
1993-2E 3/25/97 317,870,015.00 210,312,679.98
- --------------------------------------------------
15A 125714BE4 6.75000 86,454,000.00 0.0034804056 0.0105290971 52,582,159.50 25.00 0.608209678
15B 125714BF1 6.75000 9,494,478.45 0.0034804062 0.0105290981 5,774,633.66 2.75 0.6082097046
15CPO 125714BG9 0.00000 1,972,695.84 0 0.0096353974 1,368,284.16 0.65 0.6936112609
15DIO 125714BH7 5,911.86 0.9983829499 0.0035199594 2,957.24 0.00 0.5002097429
30A 125714BT1 29,444,000.00
30B 125714BL8 5.50000 9,738,000.00 0.0016938529 0.0662743171 2,953,474.10 1.40 0.3032937051
30CIO 125714BM6 1.50000 0.00 0.0004619604 0
30D 125714BU8 7.00000 922,000.00 0.0021558134 0.0662743167 279,636.81 0.13 0.3032937202
30E 125714BV6 7.00000 29,092,000.00 0.0058333332 0 29,092,000.00 13.83 1
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 0.0039187058 0 32,403,578.22 15.41 0.8049378532
30K 125714CB9 17,252,571.43 0.0065079228 0 13,887,247.79 6.60 0.8049378722
30NIO 125714BR5 0.00 0.0000948664 0
30PPO 125714BS3 0.00000 1,089,658.82 0 0.0087929527 820,708.50 0.39 0.7531792056
</TABLE>
Page 2 of 4
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS MARCH 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 3/25/97 222,866,291.00 78,985,000.76
- -------------------------------------------------
A 125714BJ3 222,866,000.00 0.0022533531 0.0055331596 78,985,000.76 100.00 0.3544057898
1993-2G 3/25/97 246,780,547.00 187,072,247.33
- -------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.0034670055 0.0054917345 33,814,079.97 18.08 0.5728093232
2G-A2 125714CS2 27,342,000.00 0.0027978846 0.0020923729 12,703,050.89 6.79 0.4645984526
2G-A3 125714CT0 25,200,000.00 0.0013307556 0.0070440214 6,649,902.77 3.55 0.2638850306
2G-A4 125714CU7 15,000,000.00 0.0056618233 0 15,000,000.00 8.02 1
2G-A5 125714A#2 100,190,000.00 0.0059951567 0 100,190,000.00 53.56 1
2G-B1 125714A@4 4,936,000.00 0.0057826479 0.0010705916 4,755,751.13 2.54 0.9634828059
2G-B2 125714B#1 3,701,000.00 0.0057826479 0.0010705917 3,565,849.86 1.91 0.9634828046
2G-B3 125714B*5 1,481,000.00 0.0057826469 0.0010705942 1,426,918.04 0.76 0.9634828089
2G-B4 125714B@3 740,000.00 0.0057826486 0.0010705946 712,977.29 0.38 0.9634828243
2G-B5 125714C#0 1,481,547.00 0.0045414422 0.0008407968 1,121,054.29 0.60 0.7566781817
2G-M 125714A*6 7,403,000.00 0.0057826489 0.0010705944 7,132,663.09 3.81 0.9634827894
2GA3IO 125714CP8 0.00 0.0002935063 0
2GA4IO 125714CQ6 0.00 0.0003333333 0
1993-2H 3/25/97 315,871,665.00 106,483,862.29
- --------------------------------------------------
2H-A1 125714CG8 180,386,000.00 0.002120244 0.0021500007 60,810,133.03 57.11 0.3371111562
2H-A2 125714CH6 125,000,000.00 0.0022981014 0.0023303542 45,673,729.26 42.89 0.3653898341
2H-A3 125714CJ2 10,485,000.00
</TABLE>
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<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS MARCH 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>
1993-2I 3/25/97 367,955,786.00 152,234,767.21
- --------------------------------------------------
2I-3IO 125714CL7 0.00 0.0001595801 0
2I-A1 125714CE3 237,519,000.00 0.0028045094 0.0035668517 103,680,694.50 68.11 0.4365153714
2I-A2 125714CD5 130,435,853.00 0.0022556388 0.0107475554 48,554,072.71 31.89 0.372244836
1995-A 3/25/97 176,490,904.00 108,527,642.45
- -------------------------------------------------
A1 125714CV5 82,117,691.00 0.004084894 0.0302342825 50,873,818.58 46.88 0.6195232472
A2 125714CW3 94,373,113.00 0.0038471049 0.0192384645 57,653,823.87 53.12 0.61091366
R 125714CX1 100.00
1996-A 3/25/97 115,119,131.00 79,796,243.70
- -------------------------------------------------
A 125714CY9 115,119,031.00 0.0044065228 0.0093324536 79,796,243.70 100.00 0.6931629202
R 125714CZ6 100.00
1996-B 3/25/97 207,490,355.00 173,391,098.41
- -------------------------------------------------
A1 125714DA0 0.00000 41,914,009.00 0.0052178693 0.0161254761 33,537,728.78 19.34 0.8001555943
A2 125714DB8 0.00000 165,576,246.00 0.0053003567 0.0122966705 139,853,369.63 80.66 0.8446463367
R 125714DC6 100.00
1996-C 3/25/97 266,806,262.00 209,355,927.57
- -------------------------------------------------
A 125714DD4 0.00000 266,806,062.00 0.0036567134 0.0403456044 20,834,213.85 100.00 0.0780874831
R N/A 100.00
X N/A 100.00
</TABLE>
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