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<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: APRIL 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>
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 APRIL 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 $1,941,354.66
Series 1993-2B $2,569,600.12
Series 1993-2C $3,024,056.01
Series 1993-2D $1,946,022.13
Series 1993-2E $4,772,537.00
Series 1993-2F $2,947,459.14
Series 1993-2G $4,430,363.74
Series 1993-2H $5,364,107.05
Series 1993-2I $5,451,800.29
Series 1995-A $4,517,303.03
Series 1996-A $4,363,953.40
Series 1996-B $8,284,147.31
Series 1996-C $8,491,735.63
</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
May 18, 1998 By: s/s Phillip A. Reinsch
----------------------
Phillip A. Reinsch - Vice President
<PAGE> 4
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NO. DESCRIPTION
- ------- -----------
<S> <C>
28.1 Collateral Summary and Remittance Report.
28.2 Summary of Trustee's Reports to Bondholders.
</TABLE>
<PAGE> 1
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT EXHIBIT 28.1
FOR MONTH ENDING: 30-APR-98
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2A 93-2B 93-2C 93-2D
---------------- ---------------- ---------------- ---------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 54,544,201.94 $ 45,409,551.00 $ 115,227,886.21 $ 75,012,186.76
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 62,188.57 46,931.37 142,424.62 463,765.18
Additional Principal Distribution 12,454.83 3,801.41 146,120.44 74,010.28
Liquidations Distribution 1,523,609.06 2,226,906.03 2,028,764.97 981,245.04
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ---------------
Ending Security Balance $ 52,945,949.48 $ 43,131,912.19 $ 112,910,576.18 $ 73,493,166.26
================ ================ ================ ===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 338,881.46 $ 291,961.31 $ 702,344.74 $ 423,331.60
Compensating Interest 4,220.74 -- 4,401.24 3,668.66
Trustee Fee (Tx. Com. Bk.) 613.62 567.60 1,440.35 937.65
Pool Insurance Premium (PMI Mtg. Ins.) -- -- -- --
Pool Insurance (GE Mort. Ins.) 13,199.70 13,032.51 -- 12,076.96
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) 2,590.85 1,358.52 -- --
Bond Manager Fee (Capstead) 863.62 756.83 1,440.35 1,093.93
Excess Compensating Interest (Capstead) -- 1,186.34 -- --
Administrative Fee (Capstead) 1,477.21 (3.80) 4,801.27 2,344.18
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- -- --
Other -- (70.10) -- --
---------------- ---------------- ---------------- ---------------
Total Fees 18,745.00 16,827.90 7,681.97 16,452.72
---------------- ---------------- ---------------- ---------------
Servicing Fee 18,261.26 14,120.31 30,218.83 21,237.05
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ---------------
Total Interest Distribution $ 380,108.46 $ 322,909.52 $ 744,646.78 $ 464,690.03
================ ================ ================ ===============
LOAN COUNT 205 160 418 317
WEIGHTED AVERAGE PASS-THROUGH RATE 7.548421745 7.956715 7.360155635 6.830894207
<CAPTION>
DEAL REFERENCE 93-2E.A 93-2E.B
--------------- ----------------
<S> <C> <C>
BEGINNING SECURITY BALANCE $ 50,306,123.46 $ 130,557,181.99
Loans Repurchased -- --
Scheduled Principal Distribution 299,985.26 155,158.70
Additional Principal Distribution 14,824.79 20,218.13
Liquidations Distribution 820,932.91 2,406,106.72
Accelerated Prepayments -- --
Adjustments (Cash) -- --
Adjustments (Non-Cash) -- --
Losses/Foreclosures -- --
Special Hazard Account -- --
--------------- ----------------
Ending Security Balance $ 49,170,380.50 $ 127,975,698.44
=============== ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 279,265.51 $ 771,277.63
Compensating Interest 1,382.09 3,385.28
Trustee Fee (Tx. Com. Bk.) 544.98 1,414.37
Pool Insurance Premium (PMI Mtg. Ins.) 11,067.35 28,722.58
Pool Insurance (GE Mort. Ins.) -- --
Pool Insurance (United Guaranty Ins.) -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- --
Special Hazard Insurance (Comm. and Ind.) -- --
Bond Manager Fee (Capstead) 628.83 1,631.96
Excess Compensating Interest (Capstead) -- --
Administrative Fee (Capstead) 1,781.69 4,624.09
Administrative Fee (Other) -- --
Excess-Fees -- --
Special Hazard Insurance (Aetna Casualty) -- --
Other -- --
--------------- ----------------
Total Fees 14,022.85 36,393.00
--------------- ----------------
Servicing Fee 14,460.87 34,325.77
Interest on Accelerated Prepayments -- --
--------------- ----------------
Total Interest Distribution $ 309,131.32 $ 845,381.68
=============== ================
LOAN COUNT 211 444
WEIGHTED AVERAGE PASS-THROUGH RATE 6.694555192 7.120217194
</TABLE>
Page 1 of 4
<PAGE> 2
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT EXHIBIT 28.1
FOR MONTH ENDING: 30-APR-98
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2F 93-2G 93-2H.1 93-2H.2
---------------- ---------------- --------------- ---------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 57,346,513.00 $ 167,852,278.78 $ 47,001,755.87 $ 28,591,376.00
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 62,629.91 216,026.37 48,410.28 29,190.60
Additional Principal Distribution 16,689.55 69,683.70 13,480.37 5,310.42
Liquidations Distribution 2,517,558.20 3,139,586.97 4,385,101.47 413,213.22
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- --------------- ---------------
Ending Security Balance $ 54,749,635.34 $ 164,426,981.74 $ 42,554,763.75 $ 28,143,661.76
================ ================ =============== ===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 350,581.20 $ 996,340.23 $ 285,463.91 $ 183,936.90
Compensating Interest -- 8,726.47 -- --
Trustee Fee (Tx. Com. Bk.) 716.89 1,888.34 587.52 357.39
Pool Insurance Premium (PMI Mtg. Ins.) 16,458.45 -- --
Pool Insurance (GE Mort. Ins.) -- -- 13,818.51 8,205.72
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) 1,715.63 -- -- --
Bond Manager Fee (Capstead) 955.78 2,098.15 -- 1,259.89
Excess Compensating Interest (Capstead) 6,635.69 -- 10,775.28 2,058.05
Administrative Fee (Capstead) (0.04) 6,993.98 1,958.40 254.24
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- 1,218.12 855.35
Other 0.02 -- -- (0.12)
---------------- ---------------- --------------- ---------------
Total Fees 26,482.42 10,980.47 28,357.83 12,990.52
---------------- ---------------- --------------- ---------------
Servicing Fee 18,301.72 42,441.04 14,688.15 9,608.25
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- --------------- ---------------
Total Interest Distribution $ 395,365.34 $ 1,058,488.21 $ 328,509.89 $ 206,535.67
================ ================ =============== ===============
LOAN COUNT 201 605 168 92
WEIGHTED AVERAGE PASS-THROUGH RATE 7.494908 7.185365899 7.288167977 7.675201
<CAPTION>
DEAL REFERENCE 93-2I 93-2I.1
--------------- ---------------
<S> <C> <C>
BEGINNING SECURITY BALANCE $ 35,738,294.80 $ 32,893,038.17
Loans Repurchased -- --
Scheduled Principal Distribution 40,957.26 32,862.56
Additional Principal Distribution (1,142.48) 2,014.66
Liquidations Distribution 1,673,836.20 2,019,187.52
Accelerated Prepayments -- --
Adjustments (Cash) (552.19) --
Adjustments (Non-Cash) 45,441.56 --
Losses/Foreclosures -- --
Special Hazard Account -- --
--------------- ---------------
Ending Security Balance $ 33,979,754.45 $ 30,838,973.43
=============== ===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 231,861.15 $ 210,645.38
Compensating Interest --
Trustee Fee (Tx. Com. Bk.) 446.76 411.17
Pool Insurance Premium (PMI Mtg. Ins.) --
Pool Insurance (GE Mort. Ins.) 10,161.57 9,670.56
Pool Insurance (United Guaranty Ins.) -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- --
Special Hazard Insurance (Comm. and Ind.) -- --
Bond Manager Fee (Capstead) 1,745.27 --
Excess Compensating Interest (Capstead) -- 4,110.19
Administrative Fee (Capstead) 217.25 1,370.51
Administrative Fee (Other) -- --
Excess-Fees -- --
Special Hazard Insurance (Aetna Casualty) 1,069.22 852.48
Other (0.10) --
--------------- ---------------
Total Fees 13,639.97 16,414.91
--------------- ---------------
Servicing Fee 11,168.25 10,279.07
Interest on Accelerated Prepayments -- --
--------------- ---------------
Total Interest Distribution $ 256,669.37 $ 237,339.36
=============== ===============
LOAN COUNT 135 136
WEIGHTED AVERAGE PASS-THROUGH RATE 7.843899 7.6847403
</TABLE>
Page 2 of 4
<PAGE> 3
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT EXHIBIT 28.1
FOR MONTH ENDING: 30-APR-98
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2I.2 1995-A 1996-A 1996-B
---------------- --------------- ---------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 36,084,604.98 $ 69,027,735.16 $ 55,653,404.59 $ 118,115,154.31
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 34,035.95 63,034.44 54,480.88 120,097.60
Additional Principal Distribution 3,028.16 67,727.35 18,285.67 10,447.15
Liquidations Distribution 924,488.55 3,952,639.61 3,948,017.66 7,420,659.26
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- --------------- ---------------- ----------------
Ending Security Balance $ 35,123,052.32 $ 64,944,333.76 $ 51,632,620.38 $ 110,563,950.30
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 235,135.70 $ 433,901.64 $ 343,169.20 $ 732,943.28
Compensating Interest -- -- -- --
451.06 575.23 695.67 1,476.44
Trustee Fee (Tx. Com. Bk.) 10,413.42 -- -- 31,920.62
Pool Insurance Premium (PMI Mtg. Ins.) -- 25,885.40 16,028.18 --
Pool Insurance (GE Mort. Ins.) -- -- -- --
Pool Insurance (United Guaranty Ins.) 1,758.64 -- -- 3,060.85
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) -- -- -- --
Excess Compensating Interest (Capstead) 1,102.63 10,680.39 8,036.36 16,073.89
Administrative Fee (Capstead) 1,503.51 1,836.27 2,318.97 4,921.55
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) 1,079.54 1,581.89 1,275.39 3,415.50
Other -- -- -- --
---------------- --------------- ---------------- ----------------
Total Fees 16,308.80 40,559.18 28,354.57 60,868.85
---------------- --------------- ---------------- ----------------
Servicing Fee 11,276.46 21,571.14 15,440.69 34,551.87
Interest on Accelerated Prepayments -- -- -- --
---------------- --------------- ---------------- ----------------
Total Interest Distribution $ 262,720.96 $ 496,031.96 $ 386,964.46 $ 828,364.00
================ ================ ================ ================
LOAN COUNT 146 305 198 399
WEIGHTED AVERAGE PASS-THROUGH RATE 7.819479807 7.543083469 7.399422246 7.446393658
<CAPTION>
DEAL REFERENCE 1996-C.1 1996-C.2
--------------- ---------------
<S> <C> <C>
BEGINNING SECURITY BALANCE $ 26,761,299.63 $ 41,194,574.91
Loans Repurchased -- --
Scheduled Principal Distribution 24,017.43 38,017.42
Additional Principal Distribution 4,704.42 16,066.75
Liquidations Distribution 1,040,711.24 2,837,061.01
Accelerated Prepayments -- --
Adjustments (Cash) -- --
Adjustments (Non-Cash) -- --
Losses/Foreclosures -- --
Special Hazard Account -- --
--------------- ---------------
Ending Security Balance $ 25,691,866.54 $ 38,303,429.73
=============== ===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 173,218.13 $ 265,429.57
Compensating Interest -- 3,895.51
334.52 343.29
Trustee Fee (Tx. Com. Bk.) -- --
Pool Insurance Premium (PMI Mtg. Ins.) 7,707.25 --
Pool Insurance (GE Mort. Ins.) -- --
Pool Insurance (United Guaranty Ins.) -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- --
Special Hazard Insurance (Comm. and Ind.) -- --
Bond Manager Fee (Capstead) -- --
Excess Compensating Interest (Capstead) 2,282.04 2,502.36
Administrative Fee (Capstead) 1,338.13 858.17
Administrative Fee (Other) -- --
Excess-Fees -- --
Special Hazard Insurance (Aetna Casualty) 613.28 --
Other -- --
--------------- ---------------
Total Fees 12,275.22 3,703.82
--------------- ---------------
Servicing Fee 8,362.94 9,731.78
Interest on Accelerated Prepayments -- --
--------------- ---------------
Total Interest Distribution $ 193,856.29 $ 282,760.68
=============== ===============
LOAN COUNT 108 175
WEIGHTED AVERAGE PASS-THROUGH RATE 7.767251923 7.845452871
</TABLE>
Page 3 of 4
<PAGE> 4
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT EXHIBIT 28.1
FOR MONTH ENDING: 30-APR-98
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-C.3
----------------
<S> <C>
BEGINNING SECURITY BALANCE $ 45,058,468.67
Loans Repurchased --
Scheduled Principal Distribution 38,945.46
Additional Principal Distribution 13,047.64
Liquidations Distribution 3,761,069.00
Accelerated Prepayments --
Adjustments (Cash) --
Adjustments (Non-Cash) --
Losses/Foreclosures --
Special Hazard Account --
----------------
Ending Security Balance $ 41,245,406.57
================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 275,552.05
Compensating Interest --
Trustee Fee (Tx. Com. Bk.) 375.49
Pool Insurance Premium (PMI Mtg. Ins.) --
Pool Insurance (GE Mort. Ins.) --
Pool Insurance (United Guaranty Ins.) 16,784.28
Backup for Pool Insurance (Fin. Sec. Assur.) --
Special Hazard Insurance (Comm. and Ind.) --
Bond Manager Fee (Capstead) 10,181.25
Excess Compensating Interest (Capstead) 8,056.42
Administrative Fee (Capstead) 1,790.44
Administrative Fee (Other) --
Excess-Fees --
Special Hazard Insurance (Aetna Casualty) 1,302.95
Other --
----------------
Total Fees 38,490.83
----------------
Servicing Fee 14,080.81
Interest on Accelerated Prepayments --
----------------
Total Interest Distribution $ 328,123.69
================
LOAN COUNT 191
WEIGHTED AVERAGE PASS-THROUGH RATE 7.609667
</TABLE>
Page 4 of 4
<PAGE> 1
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS APRIL 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>
1993-2A 4/25/98 149,572,077.00 52,945,947.56
- -----------------------------------------------------------------
A 125714AC9 34,791,000.00
D 125714AD7 8,535,000.00
E 125714AE5 7.25000 28,652,000.00 0.0039277513 0.050086462
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 0.0012796434 0.0132565016
J 125714AK1 7.25000 2,901,000.00 0.0060416684 0
KPO 125714AM7 0.00000 772,949.00 0 0.0043230666
LIO 125714AN5 0.00 0.0001050026 0
R 125714AL9 7.25000 128.00 0.006015625 0
1993-2B 4/25/98 189,529,970.00 43,131,920.47
- -----------------------------------------------------------------
2B-A 125714AP0 189,529,000.00 0.0015404572 0.0120173631
1993-2C 4/25/98 207,040,201.00 112,910,575.71
- -----------------------------------------------------------------
A-2 125714BB0 6.50000 27,680,000.00 0.0008604743 0.0213641152
A-3 125714BC8 10,312,000.00 0.0012799942 0.0213640991
A-4 125714BD6 33,521,000.00 0.0020253334 0.0444088804
A-5 000005CQR 84,357,000.00 0.0061334634 0
A-R 125714AZ8 1,000.00 0.00613 0
B-1 000007CQR 5,694,392.00 0.0058210446 0.0012265032
B-2 000008CQR 3,623,203.00 0.0058210456 0.0012265032
B-3 000009CQR 2,588,003.00 0.0058210443 0.0012265055
B-4 000010CQR 1,345,761.00 0.0058210485 0.0012265031
B-5 000011CQR 621,120.00 0.0058210491 0.0012265102
B-6 000012CQR 1,138,722.00 0.0032303934 0
<CAPTION>
SERIES
CLASS CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- --------------------------------------------------------------------------
<S> <C> <C> <C>
1993-2A
- -----------
A
D
E 17,191,891.05 32.47 0.6000241187
F 10,692,000.00 20.19 1
G 16,410,000.00 30.99 1
H 3,006,000.00 5.68 1
I 2,393,874.80 4.52 0.1985464709
J 2,901,000.00 5.48 1
KPO 351,053.71 0.66 0.4541744798
LIO
R 128.00 0.00 1
1993-2B
- -----------
2B-A 43,131,920.47 100.00 0.2275742523
1993-2C
- -----------
A-2 3,805,797.16 3.37 0.137492672
A-3 1,417,826.55 1.26 0.1374928772
A-4 9,580,353.17 8.48 0.2858015325
A-5 84,357,000.00 74.71 1
A-R 1,000.00 0.00 1
B-1 5,397,353.27 4.78 0.9478366207
B-2 3,434,205.29 3.04 0.9478368422
B-3 2,453,004.60 2.17 0.9478368456
B-4 1,275,561.85 1.13 0.9478368373
B-5 588,720.42 0.52 0.9478368431
B-6 599,753.40 0.53 0.5266899208
</TABLE>
Page 1 of 4
<PAGE> 2
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS APRIL 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 4/25/98 175,093,365.00 73,493,165.70
- -------------------------------------------------------------------
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.0008827764 0.0142848931
B 125714AT2 39,792,000.00 0.0017655496 0.0285696587
C 125714AU9 29,251,000.00 0.0056924115 0
D 125714AV7 17,072,000.00 0.0056924116 0
E 125714AW5 1,897,000.00 0.0056924091 0
F 125714AX3 10,300,365.00 0.0056924119 0
R 125714AY1 1,000.00 0.00569 0
1993-2E 4/25/98 317,870,015.00 177,146,958.35
- -------------------------------------------------------------------
15A 125714BE4 6.75000 86,454,000.00 0.0028788139 0.0116324507
15B 125714BF1 6.75000 9,494,478.45 0.0028788144 0.011632451
15CPO 125714BG9 0.00000 1,972,695.84 0 0.0099273786
15DIO 125714BH7 5,911.86 0.7475338295 0.0073308525
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 0.0024846686 0.0885922477
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 0.004015969 0
30K 125714CB9 17,252,571.43 0.0062811983 0
30NIO 125714BR5 0.00 0.0000787442 0
30PPO 125714BS3 0.00000 1,089,658.82 0 0.0038151477
<CAPTION>
SERIES
CLASS CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- --------------------------------------------------------------------------
<S> <C> <C> <C>
1993-2D
- ----------
A
AB 3,766,818.57 5.13 0.1407945941
B 11,204,982.13 15.25 0.2815888151
C 29,251,000.00 39.80 1
D 17,072,000.00 23.23 1
E 1,897,000.00 2.58 1
F 10,300,365.00 14.02 1
R 1,000.00 0.00 1
1993-2E
- ----------
15A 43,240,546.68 24.41 0.5001566923
15B 4,748,726.92 2.68 0.5001567143
15CPO 1,179,028.87 0.67 0.5976738788
15DIO 2,957.24 0.00 0.5002097429
30A
30B
30CIO
30D 0.02 0.00 0.0000000217
30E 9,814,214.52 5.54 0.3373509735
30F 11,747,000.00 6.63 1
30G 24,409,000.00 13.78 1
30H 21,450,000.00 12.11 1
30I 13,542,000.00 7.64 1
30J 32,403,578.22 18.29 0.8049378532
30K 13,887,247.79 7.84 0.8049378722
30NIO
30PPO 722,658.09 0.41 0.6631965505
</TABLE>
Page 2 of 4
<PAGE> 3
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS APRIL 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 4/25/98 222,866,291.00 54,749,640.87
- -----------------------------------------------------------------------
A 125714BJ3 222,866,000.00 0.0015730583 0.0116521943
1993-2G 4/25/98 246,780,547.00 164,426,990.79
- --------------------------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.0023208492 0.033424455
2G-A2 125714CS2 27,342,000.00 0.0023593834 0.0127348515
2G-A3 125714CT0 25,200,000.00 0.0001290837 0.0263195806
2G-A4 125714CU7 15,000,000.00 0.0056544713 0.0278083327
2G-A5 125714A#2 100,190,000.00 0.005987805 0
2G-B1 125714A@4 4,936,000.00 0.0056867605 0.0012222974
2G-B2 125714B#1 3,701,000.00 0.0056867603 0.0012222967
2G-B3 125714B*5 1,481,000.00 0.0056867589 0.0012222957
2G-B4 125714B@3 740,000.00 0.0056867568 0.0012222973
2G-B5 125714C#0 1,481,547.00 0.0040495037 0.000870347
2G-M 125714A*6 7,403,000.00 0.0056867594 0.0012222964
2GA3IO 125714CP8 0.00 0.0000285127 0
2GA4IO 125714CQ6 0.00 0.0003333333 0
1993-2H 4/25/98 315,871,665.00 70,698,428.59
- --------------------------------------------------------------------
2H-A1 125714CG8 180,386,000.00 0.0014860489 0.01549587
2H-A2 125714CH6 125,000,000.00 0.0016107066 0.0167957459
2H-A3 125714CJ2 10,485,000.00
1993-2I 4/25/98 367,955,786.00 99,941,779.90
- --------------------------------------------------------------------
2I-3IO 125714CL7 0.00 0.0001050741 0
2I-A1 125714CE3 237,519,000.00 0.0019684533 0.0114521084
2I-A2 125714CD5 130,435,853.00 0.0015056577 0.0157477004
<CAPTION>
SERIES
CLASS CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- --------------------------------------------------------------------------
<S> <C> <C> <C>
1993-2F
- ---------------
A 54,749,640.87 100.00 0.245661702
1993-2G
- ---------------
2G-A1 20,907,453.74 12.72 0.3541715297
2G-A2 10,425,410.95 6.34 0.3812965749
2G-A3 0.00 0.00 0
2G-A4 14,582,875.01 8.87 0.9721916673
2G-A5 100,190,000.00 60.93 1
2G-B1 4,681,802.46 2.85 0.9485013088
2G-B2 3,510,403.33 2.13 0.9485013051
2G-B3 1,404,730.44 0.85 0.9485013099
2G-B4 701,890.97 0.43 0.9485013108
2G-B5 1,000,668.95 0.61 0.6754216707
2G-M 7,021,754.94 4.27 0.9485012752
2GA3IO
2GA4IO
1993-2H
- ---------------
2H-A1 40,374,013.05 57.11 0.2238201027
2H-A2 30,324,415.54 42.89 0.2425953243
2H-A3
1993-2I
- ---------------
2I-3IO
2I-A1 69,102,806.50 69.14 0.2909359104
2I-A2 30,838,973.40 30.86 0.2364301892
</TABLE>
Page 3 of 4
<PAGE> 4
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS APRIL 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>
1995-A 4/25/98 176,490,904.00 64,944,332.74
- --------------------------------------------------------------------
A1 125714CV5 82,117,691.00 0.002655408 0.0158974796
A2 125714CW3 94,373,113.00 0.0022871519 0.0294356834
R 125714CX1 100.00
1996-A 4/25/98 115,119,131.00 51,632,619.51
- --------------------------------------------------------------------
A 125714CY9 115,119,031.00 0.0029809943 0.0349271895
R 125714CZ6 100.00
1996-B 4/25/98 207,490,355.00 110,563,949.11
- --------------------------------------------------------------------
A1 125714DA0 0.00000 41,914,009.00 0.0030088988 0.0373146062
A2 125714DB8 0.00000 165,576,246.00 0.0036649476 0.0361597719
R 125714DC6 100.00
1996-C 4/25/98 266,806,262.00 103,232,259.10
- --------------------------------------------------------------------
A 125714DD4 0.00000 266,806,062.00 0.0023038893 0.0293684577
R N/A 100.00
X N/A 100.00
<CAPTION>
SERIES
CLASS CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- --------------------------------------------------------------------------
<S> <C> <C> <C>
1995-A
- -------------
A1 32,797,307.62 50.50 0.3993939335
A2 32,147,025.12 49.50 0.3406375407
R
1996-A
- -------------
A 51,632,619.51 100.00 0.4485150636
R
1996-B
- -------------
A1 18,185,565.51 16.45 0.4338779788
A2 92,378,383.60 83.55 0.5579205099
R
1996-C
- -------------
A 103,232,259.10 100.00 0.3869187166
R
X
</TABLE>
Page 4 of 4
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