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Previous: MUNICIPAL INVT TR FD MULTISTATE SERIES 36 DEFINED ASSET FDS, 497, 1998-08-21 |
Next: ENVIROTEST SYSTEMS CORP /DE/, SC 13D, 1998-08-21 |
<PAGE> 1
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: JULY 25, 1998
(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> 2
CMC SECURITIES CORPORATION II
FORM 8-K
INDEX
<TABLE>
<CAPTION>
PAGE
----
ITEM NUMBER
<S> <C> <C>
Item 5. Other Events....................................................................... 3
Item 7. Financial Statements and Exhibits.................................................. 3
SIGNATURES ................................................................................... 3
</TABLE>
<PAGE> 3
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, 1998 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 $2,816,487.29
Series 1993-2B $1,301,287.80
Series 1993-2C $5,513,086.37
Series 1993-2D $3,236,433.11
Series 1993-2E $4,060,648.56
Series 1993-2F $2,923,652.89
Series 1993-2G $3,767,922.12
Series 1993-2H $2,855,332.31
Series 1993-2I $4,832,537.66
Series 1995-A $3,073,176.35
Series 1996-A $3,080,186.62
Series 1996-B $5,044,019.79
Series 1996-C $6,646,715.28
</TABLE>
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits:
<TABLE>
<CAPTION>
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
August 17, 1998 By: s/s Phillip A. Reinsch
---------------------------------------
Phillip A. Reinsch - Senior Vice President
<PAGE> 4
INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION
----------- -----------
28.1 Collateral Summary and Remittance Report.
28.2 Summary of Trustee's Reports to Bondholders.
<PAGE> 1
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-JUL-98
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2A 93-2B 93-2C 93-2D
---------------- ---------------- ----------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 49,750,731.14 $ 38,432,269.00 $ 109,662,977.67 $ 70,435,792.97
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 58,899.10 42,616.35 140,568.57 454,490.98
Additional Principal Distribution 9,496.63 2,793.52 36,337.15 381,660.28
Liquidations Distribution 2,434,742.08 1,012,830.76 4,664,091.68 1,999,861.73
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ----------------- ----------------
Ending Security Balance $ 47,247,593.33 $ 37,374,028.37 $ 104,821,980.27 $ 67,599,779.98
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 308,998.45 $ 243,047.17 $ 658,984.07 $ 394,852.96
Compensating Interest 4,351.02 -- 13,104.90 5,567.16
Trustee Fee (Tx. Com. Bk.) 559.70 480.41 1,370.79 880.45
Pool Insurance Premium (PMI Mtg. Ins.) -- -- -- --
Pool Insurance (GE Mort. Ins.) 12,039.68 11,030.05 -- 11,340.16
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) 2,363.16 1,149.78 -- --
Bond Manager Fee (Capstead) 787.72 640.54 1,370.79 1,027.19
Excess Compensating Interest (Capstead) 2,529.67 -- --
Administrative Fee (Capstead) 1,347.43 (4.12) 4,569.34 2,201.14
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- -- --
Other -- (69.86) -- --
---------------- ---------------- ---------------- ----------------
Total Fees 17,097.69 15,756.47 7,310.92 15,448.94
---------------- ---------------- ---------------- ----------------
Servicing Fee 16,259.04 11,939.92 28,463.45 19,735.43
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 346,706.20 $ 270,743.56 $ 707,863.34 $ 435,604.49
================ ================ ================ ================
LOAN COUNT 187 137 399 303
WEIGHTED AVERAGE PASS-THROUGH RATE 7.558067095 7.687826 7.354412411 6.821874558
</TABLE>
Page 1 of 5
<PAGE> 2
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-JUL-98
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2E.A 93-2E.B 93-2F 93-2G
---------------- ---------------- ---------------- -----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 46,065,260.50 $ 122,396,625.90 $ 50,454,854.00 $ 160,047,768.10
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 285,451.58 149,555.69 56,299.32 211,155.90
Additional Principal Distribution 39,610.09 29,968.83 4,037.59 220,925.91
Liquidations Distribution 643,501.50 1,929,719.89 2,561,703.34 2,377,757.12
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 45,096,697.33 $ 120,287,381.49 $ 47,832,813.75 $ 157,237,929.17
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 254,264.68 $ 722,739.33 $ 301,613.27 $ 954,210.24
Compensating Interest 2,611.47 3,225.47 3,872.95
Trustee Fee (Tx. Com. Bk.) 499.04 1,325.96 630.65 1,800.54
Pool Insurance Premium (PMI Mtg. Ins.) 10,134.36 26,927.26 -- --
Pool Insurance (GE Mort. Ins.) -- -- 14,480.51 --
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- 1,509.40 --
Bond Manager Fee (Capstead) 575.82 1,529.96 840.91 2,000.60
Excess Compensating Interest (Capstead) -- -- 12,549.00
Administrative Fee (Capstead) 1,631.46 4,335.18 0.11 6,668.87
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- -- --
Other -- -- (0.63) --
---------------- ---------------- ---------------- ----------------
Total Fees 12,840.68 34,118.36 30,009.95 10,470.01
---------------- ---------------- ---------------- ----------------
Servicing Fee 13,107.72 31,830.02 16,146.82 40,179.86
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 282,824.55 $ 791,913.18 $ 347,770.04 $ 1,008,733.06
================ ================ ================ ================
LOAN COUNT 199 419 175 581
WEIGHTED AVERAGE PASS-THROUGH RATE 6.691623507 7.117498163 7.491903 7.183479293
</TABLE>
Page 2 of 5
<PAGE> 3
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-JUL-98
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2H.1 93-2H.2 93-2I 93-2I.1
---------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 37,517,168.69 $ 24,762,710.00 $ 30,823,303.71 $ 27,207,772.74
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 40,529.26 28,510.16 34,656.37 27,604.80
Additional Principal Distribution 16,793.29 7,717.37 4,585.07 1,598.11
Liquidations Distribution 1,981,261.68 401,431.22 1,618,487.66 1,869,122.15
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- (46.14) --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- 165,104.24 --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 35,478,584.46 $ 24,325,051.25 $ 29,000,516.51 $ 25,309,447.68
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 226,766.41 $ 152,323.23 $ 189,944.17 $ 171,509.22
Compensating Interest -- -- -- --
Trustee Fee (Tx. Com. Bk.) 468.96 309.52 385.31 340.10
Pool Insurance Premium (PMI Mtg. Ins.) -- --
Pool Insurance (GE Mort. Ins.) 11,030.05 7,106.88 8,764.09 7,999.09
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) -- 740.80 922.13 --
Bond Manager Fee (Capstead) 1,038.00 1,491.62 --
Excess Compensating Interest (Capstead) 7,039.46 40.30 6,514.23 3,275.42
Administrative Fee (Capstead) 1,563.24 229.63 188.07 1,133.63
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) 972.32 -- -- 705.13
Other -- (0.32) (0.06) --
---------------- ---------------- ---------------- ----------------
Total Fees 21,074.03 9,464.81 18,265.39 13,453.37
---------------- ---------------- ---------------- ----------------
Servicing Fee 11,724.13 8,409.76 9,632.28 8,502.43
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 259,564.57 $ 170,197.80 $ 217,841.84 $ 193,465.02
================ ================ ================ ================
LOAN COUNT 142 78 116 112
WEIGHTED AVERAGE PASS-THROUGH RATE 7.253204373 7.46065 7.706505 7.564421607
</TABLE>
Page 3 of 5
<PAGE> 4
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-JUL-98
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2I.2 1995-A 1996-A 1996-B
---------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 31,466,162.66 $ 59,347,358.48 $ 47,468,256.03 $ 100,503,719.52
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 30,868.64 56,348.12 49,978.40 106,275.38
Additional Principal Distribution 1,766.06 58,860.67 8,798.35 103,077.25
Liquidations Distribution 514,508.50 2,586,208.82 2,732,798.82 4,216,504.58
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 30,919,019.46 $ 56,645,940.87 $ 44,676,680.46 $ 96,077,862.31
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 202,828.86 $ 371,758.75 $ 288,611.04 $ 618,162.56
Compensating Interest -- -- -- --
Trustee Fee (Tx. Com. Bk.) 393.33 494.56 593.36 1,256.29
Pool Insurance Premium (PMI Mtg. Ins.) 9,080.61 -- -- 27,161.13
Pool Insurance (GE Mort. Ins.) -- 22,255.26 13,670.86 --
Pool Insurance (United Guaranty Ins.) -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) 1,603.53 -- -- 2,681.88
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) -- -- -- --
Excess Compensating Interest (Capstead) 803.51 4,991.19 9,259.87 10,040.52
Administrative Fee (Capstead) 1,311.07 1,551.40 1,977.84 4,187.75
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) 941.36 1,360.04 1,087.81 2,906.24
Other -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Fees 14,133.41 30,652.45 26,589.74 48,233.81
---------------- ---------------- ---------------- ----------------
Servicing Fee 9,833.18 18,546.13 13,119.34 29,362.89
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 226,795.45 $ 420,957.33 $ 328,320.12 $ 695,759.26
================ ================ ================ ================
LOAN COUNT 129 264 170 342
WEIGHTED AVERAGE PASS-THROUGH RATE 7.735122793 7.516939446 7.296102216 7.380772329
</TABLE>
Page 4 of 5
<PAGE> 5
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-JUL-98
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-C.1 1996-C.2 1996-C.3
---------------- ---------------- ----------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 20,851,789.51 $ 35,696,393.01 $ 36,379,661.60
Loans Repurchased -- -- --
Scheduled Principal Distribution 20,204.55 34,054.55 33,387.49
Additional Principal Distribution 51,585.52 133,797.94 28,661.68
Liquidations Distribution 1,337,164.17 1,070,527.51 3,357,419.96
Accelerated Prepayments -- -- --
Adjustments (Cash) -- -- --
Adjustments (Non-Cash) -- -- --
Losses/Foreclosures -- -- --
Special Hazard Account -- -- --
---------------- ---------------- ----------------
Ending Security Balance $ 19,442,835.27 $ 34,458,013.01 $ 32,960,192.47
================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 132,068.84 $ 229,528.92 $ 215,001.46
Compensating Interest -- 3,312.69 --
Trustee Fee (Tx. Com. Bk.) 260.65 297.47 303.16
Pool Insurance Premium (PMI Mtg. Ins.) -- -- --
Pool Insurance (GE Mort. Ins.) 6,005.32 -- --
Pool Insurance (United Guaranty Ins.) -- -- 13,551.43
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- --
Bond Manager Fee (Capstead) -- -- 8,330.92
Excess Compensating Interest (Capstead) 2,415.60 234.95 10,215.40
Administrative Fee (Capstead) 1,042.58 743.65 1,447.37
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) 477.86 -- 1,051.97
Other -- -- --
---------------- ---------------- ----------------
Total Fees 10,202.01 1,276.07 34,900.25
---------------- ---------------- ----------------
Servicing Fee 6,516.15 8,332.71 11,368.68
Interest on Accelerated Prepayments -- -- --
---------------- ---------------- ----------------
Total Interest Distribution $ 148,787.00 $ 242,450.39 $ 261,270.39
================ ================ ================
LOAN COUNT 86 153 159
WEIGHTED AVERAGE PASS-THROUGH RATE 7.600431988 7.82739959 7.366722
</TABLE>
Page 5 of 5
<PAGE> 1
EXHIBIT 28.2
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS JULY 1998 DISTRIBUTION
<TABLE>
<CAPTION>
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLASS CUSIP NUMBER COUPON CLOSING BALANCE INTEREST PAID PRINCIPAL PAID
PER CLASS PER $1000 PER $1000
- -------------------------------------------------------------------------------------------------------------------------------
1993-2A 7/25/98 149,572,077.00 47,247,591.39
- ---------------------------------------------------------------------------
<S> <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 0.0030261371 0.0783944869
F 125714AG0 7.25000 10,692,000.00 0.0060416667 0
G 125714AH8 7.25000 16,410,000.00 0.0060416667 0
H 125714AJ4 7.25000 3,006,000.00 0.0060416667 0
I 125714AF2 7.25000 12,057,000.00 0.0010394335 0.0207619607
J 125714AK1 7.25000 2,901,000.00 0.0060416684 0
KPO 125714AM7 0.00000 772,949.00 0 0.00860604
LIO 125714AN5 0.00 0.0000981599 0
R 125714AL9 7.25000 128.00 0.006015625 0
1993-2B 7/25/98 189,529,970.00 37,374,036.74
- ---------------------------------------------------------------------------
2B-A 125714AP0 189,529,000.00 0.0012823746 0.0055835288
1993-2C 7/25/98 207,040,201.00 104,821,979.71
- ---------------------------------------------------------------------------
A-2 125714BB0 6.50000 27,680,000.00 0.0005831203 0.0447977561
A-3 125714BC8 10,312,000.00 0.0008655198 0.0447977221
A-4 125714BD6 33,521,000.00 0.0013714433 0.0931196161
A-5 000005CQR 84,357,000.00 0.0061286767 0
A-R 125714AZ8 1,000.00 0.00613 0
B-1 000007CQR 5,694,392.00 0.0057936405 0.0012671765
B-2 000008CQR 3,623,203.00 0.0057936417 0.0012671661
B-3 000009CQR 2,588,003.00 0.0057936409 0.0012671662
B-4 000010CQR 1,345,761.00 0.0057936439 0.0012671641
B-5 000011CQR 621,120.00 0.005793647 0.0012671625
B-6 000012CQR 1,138,722.00 0.0032279081 0
<CAPTION>
CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
--------------------------------------------------------
<S> <C> <C> <C>
A
D
E 12,104,994.18 25.62 0.4224833931
F 10,692,000.00 22.63 1
G 16,410,000.00 34.73 1
H 3,006,000.00 6.36 1
I 1,824,009.22 3.86 0.151282178
J 2,901,000.00 6.14 1
KPO 309,459.99 0.65 0.4003627536
LIO 0
R 128.00 0.00 1
2B-A 37,374,036.74 100.00 0.1971942908
A-2 1,739,832.99 1.66 0.0628552381
A-3 648,165.91 0.62 0.0628554994
A-4 4,379,691.76 4.18 0.1306551642
A-5 84,357,000.00 80.48 1
A-R 1,000.00 0.00 1
B-1 5,375,881.03 5.13 0.9440658511
B-2 3,420,543.09 3.26 0.9440660901
B-3 2,443,245.88 2.33 0.9440660927
B-4 1,270,487.32 1.21 0.944066086
B-5 586,378.33 0.56 0.9440660903
B-6 599,753.40 0.57 0.5266899208
</TABLE>
Page 1 of 4
<PAGE> 2
EXHIBIT 28.2
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS JULY 1998 DISTRIBUTION
<TABLE>
<CAPTION>
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLASS CUSIP NUMBER COUPON CLOSING BALANCE INTEREST PAID PRINCIPAL PAID
PER CLASS PER $1000 PER $1000
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1993-2D 7/25/98 175,093,365.00 67,599,780.41
- -------------------------------------------------------------------
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.000636953 0.0266698755
B 125714AT2 39,792,000.00 0.0012739053 0.053339513
C 125714AU9 29,251,000.00 0.0056848959 0
D 125714AV7 17,072,000.00 0.0056848957 0
E 125714AW5 1,897,000.00 0.0056848972 0
F 125714AX3 10,300,365.00 0.0056848956 0
R 125714AY1 1,000.00 0.00568 0
1993-2E 7/25/98 317,870,015.00 165,385,171.94
- -------------------------------------------------------------------
15A 125714BE4 6.75000 86,454,000.00 0.002635592 0.00980171
15B 125714BF1 6.75000 9,494,478.45 0.002635592 0.00980171
15CPO 125714BG9 0.00000 1,972,695.84 0 0.0142213397
15DIO 125714BH7 5,911.86 0.674020636 0.0084184709
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
30E 125714BV6 7.00000 29,092,000.00 0.0008524206 0.0724677925
30F 125714BW4 7.00000 11,747,000.00 0.0058333336 0
30G 125714BX2 7.00000 24,409,000.00 0.0058333332 0
30H 125714BY0 7.00000 21,450,000.00 0.0058333333 0
30I 125714BZ7 7.00000 13,542,000.00 0.0058333333 0
30J 125714CA1 40,256,000.00 0.0039596234 0
30K 125714CB9 17,252,571.43 0.0064126715 0
30NIO 125714BR5 0.00 0.0000732306 0
30PPO 125714BS3 0.00000 1,089,658.82 0 0.0009283271
<CAPTION>
CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
--------------------------------------------------------
<S> <C> <C> <C>
A
AB 2,284,073.40 3.38 0.0853731554
B 6,794,342.01 10.05 0.1707464317
C 29,251,000.00 43.27 1
D 17,072,000.00 25.25 1
E 1,897,000.00 2.81 1
F 10,300,365.00 15.24 1
R 1,000.00 0.00 1
15A 39,660,597.69 23.98 0.458747978
15B 4,355,572.78 2.63 0.4587479986
15CPO 1,078,663.84 0.65 0.5467967898
15DIO 2,957.24 0.00 0.5002097429
30A
30B
30CIO
30D 0.02 0.00 0.0000000217
30E 2,142,958.39 1.30 0.0736614324
30F 11,747,000.00 7.10 1
30G 24,409,000.00 14.76 1
30H 21,450,000.00 12.97 1
30I 13,542,000.00 8.19 1
30J 32,403,578.22 19.59 0.8049378532
30K 13,887,247.79 8.40 0.8049378722
30NIO
30PPO 705,595.97 0.43 0.6475383308
</TABLE>
Page 2 of 4
<PAGE> 3
EXHIBIT 28.2
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS JULY 1998 DISTRIBUTION
<TABLE>
<CAPTION>
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLASS CUSIP NUMBER COUPON CLOSING BALANCE INTEREST PAID PRINCIPAL PAID
PER CLASS PER $1000 PER $1000
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1993-2F 7/25/98 222,866,291.00 47,832,818.22
- ---------------------------------------------------------------------
A 125714BJ3 222,866,000.00 0.0013533362 0.0117650948
1993-2G 7/25/98 246,780,547.00 157,237,938.34
- ---------------------------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.0018683046 0.0273728012
2G-A2 125714CS2 27,342,000.00 0.0021865745 0.0104291471
2G-A3 125714CT0 25,200,000.00
2G-A4 125714CU7 15,000,000.00 0.0049832207 0.0589847247
2G-A5 125714A#2 100,190,000.00 0.0059862325 0
2G-B1 125714A@4 4,936,000.00 0.0056630126 0.0012480936
2G-B2 125714B#1 3,701,000.00 0.0056630127 0.0012480951
2G-B3 125714B*5 1,481,000.00 0.0056630115 0.0012480959
2G-B4 125714B@3 740,000.00 0.0056630135 0.0012480946
2G-B5 125714C#0 1,481,547.00 0.0038333242 0.0008448264
2G-M 125714A*6 7,403,000.00 0.0056630123 0.001248094
2GA3IO 125714CP8 0.00 0 0
2GA4IO 125714CQ6 0.00 0.0002938447 0
1993-2H 7/25/98 315,871,665.00 59,803,637.43
- ---------------------------------------------------------------------
2H-A1 125714CG8 180,386,000.00 0.0012001372 0.0078393947
2H-A2 125714CH6 125,000,000.00 0.001300811 0.0084970049
2H-A3 125714CJ2 10,485,000.00
1993-2I 7/25/98 367,955,786.00 85,228,983.69
- ---------------------------------------------------------------------
2I-3IO 125714CL7 0.00 0.000083603 0
2I-A1 125714CE3 237,519,000.00 0.001682984 0.0099778553
2I-A2 125714CD5 130,435,853.00 0.0011778719 0.0145537071
<CAPTION>
CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
--------------------------------------------------------
<S> <C> <C> <C>
A 47,832,818.22 100.00 0.2146259107
2G-A1 16,808,029.96 10.69 0.2847274353
2G-A2 9,701,983.22 6.17 0.354838096
2G-A3
2G-A4 12,338,233.98 7.85 0.822548932
2G-A5 100,190,000.00 63.72 1
2G-B1 4,663,325.18 2.97 0.9447579376
2G-B2 3,496,549.11 2.22 0.944757933
2G-B3 1,399,186.51 0.89 0.9447579406
2G-B4 699,120.87 0.44 0.9447579324
2G-B5 947,466.74 0.60 0.6395117671
2G-M 6,994,042.77 4.45 0.9447579049
2GA3IO
2GA4IO
2H-A1 34,152,284.37 57.11 0.1893289078
2H-A2 25,651,353.06 42.89 0.2052108245
2H-A3
2I-3IO
2I-A1 59,919,535.97 70.30 0.2522726012
2I-A2 25,309,447.72 29.70 0.1940375069
</TABLE>
Page 3 of 4
<PAGE> 4
EXHIBIT 28.2
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS JULY 1998 DISTRIBUTION
<TABLE>
c
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLASS CUSIP NUMBER COUPON CLOSING BALANCE INTEREST PAID PRINCIPAL PAID
PER CLASS PER $1000 PER $1000
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1995-A 7/25/98 176,490,904.00 56,645,939.85
- ---------------------------------------------------------------------
A1 125714CV5 82,117,691.00 0.0022746734 0.0199475262
A2 125714CW3 94,373,113.00 0.0019599629 0.0112677519
R 125714CX1 100.00
1996-A 7/25/98 115,119,131.00 44,676,679.59
- ---------------------------------------------------------------------
A 125714CY9 115,119,031.00 0.0025070664 0.0242494707
R 125714CZ6 100.00
1996-B 7/25/98 207,490,355.00 96,077,861.09
- ---------------------------------------------------------------------
A1 125714DA0 0.00000 41,914,009.00 0.0024059841 0.0003875194
A2 125714DB8 0.00000 165,576,246.00 0.0031243499 0.0266319285
R 125714DC6 100.00
1996-C 7/25/98 266,806,262.00 84,815,948.35
- ---------------------------------------------------------------------
A 125714DD4 0.00000 266,806,062.00 0.0018280598 0.0227386264
R N/A 100.00
X N/A 100.00
<CAPTION>
CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
--------------------------------------------------------
<S> <C> <C> <C>
A1 27,716,993.71 48.93 0.3375276798
A2 28,928,946.14 51.07 0.3065380088
R
A 44,676,679.59 100.00 0.3880911714
R
A1 15,481,554.89 16.11 0.3693646888
A2 80,596,306.20 83.89 0.4867624925
R
A 84,815,948.35 100.00 0.317893633
R
X
</TABLE>
Page 4 of 4
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