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Previous: DIAGNOSTIC HEALTH SERVICES INC /DE/, DEF 14A, 1998-06-22 |
Next: INSURED MUNICIPALS INCOME TRUST 232ND INSURED MULTI SERIES, 497, 1998-06-22 |
<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: May 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
----
<S> <C> <C>
ITEM NUMBER
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 May 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 $2,293,463.82
Series 1993-2B $3,164,516.14
Series 1993-2C $3,081,499.99
Series 1993-2D $1,954,348.07
Series 1993-2E $7,469,769.24
Series 1993-2F $2,543,902.19
Series 1993-2G $3,478,332.04
Series 1993-2H $3,389,012.35
Series 1993-2I $5,580,942.24
Series 1995-A $4,307,636.76
Series 1996-A $2,323,024.89
Series 1996-B $4,741,478.02
Series 1996-C $7,805,025.80
</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
June 15, 1998 By: s/s Phillip A. Reinsch
----------------------
Phillip A. Reinsch - Vice President
<PAGE> 4
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NUMBER 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 EXHIBIT 28.1
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-MAY-98
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2A 93-2B 93-2C
------------------- ------------------- -------------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 52,945,949.48 $ 43,131,914.00 $ 112,910,576.18
Loans Repurchased -- -- --
Scheduled Principal Distribution 61,149.77 44,495.28 142,010.43
Additional Principal Distribution 9,484.26 16,271.16 28,908.76
Liquidations Distribution 1,889,941.75 2,826,320.69 2,218,044.59
Accelerated Prepayments -- -- --
Adjustments (Cash) -- -- --
Adjustments (Non-Cash) -- -- --
Losses/Foreclosures -- -- --
Special Hazard Account -- -- --
------------------- ------------------- -------------------
Ending Security Balance $ 50,985,373.70 $ 40,244,826.87 $ 110,521,612.40
=================== =================== ===================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 329,750.29 $ 277,429.01 $ 687,387.15
Compensating Interest 3,137.75 -- 5,149.06
Trustee Fee (Tx. Com. Bk.) 595.64 539.11 1,411.38
Pool Insurance Premium (PMI Mtg. Ins.) -- --
Pool Insurance (GE Mort. Ins.) 12,812.92 12,378.79 --
Pool Insurance (United Guaranty Ins.) -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- --
Special Hazard Insurance (Comm. and Ind.) 2,514.93 1,290.35 --
Bond Manager Fee (Capstead) 838.31 718.87 1,411.38
Excess Compensating Interest (Capstead) -- -- --
Administrative Fee (Capstead) 1,434.02 (3.42) 4,704.62
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- --
Other -- (70.00) --
------------------- ------------------- -------------------
Total Fees 18,195.82 14,853.70 7,527.38
------------------- ------------------- -------------------
Servicing Fee 17,733.38 13,408.82 29,410.07
Interest on Accelerated Prepayments -- -- --
------------------- ------------------- -------------------
Total Interest Distribution $ 368,817.24 $ 305,691.53 $ 729,473.66
=================== =================== ===================
LOAN COUNT 199 152 410
WEIGHTED AVERAGE PASS-THROUGH RATE 7.544782026 7.738522 7.360191402
</TABLE>
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2D 93-2E.A
------------------- -------------------
<S> <C> <C>
BEGINNING SECURITY BALANCE $ 73,493,166.26 $ 49,170,380.50
Loans Repurchased -- --
Scheduled Principal Distribution 461,314.81 296,015.38
Additional Principal Distribution 103,907.28 28,224.15
Liquidations Distribution 971,011.82 1,812,144.62
Accelerated Prepayments -- --
Adjustments (Cash) -- --
Adjustments (Non-Cash) -- --
Losses/Foreclosures -- --
Special Hazard Account -- --
------------------- -------------------
Ending Security Balance $ 71,956,932.35 $ 47,033,996.35
=================== ===================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 416,299.23 $ 271,081.97
Compensating Interest 1,814.93 3,197.08
Trustee Fee (Tx. Com. Bk.) 918.66 532.68
Pool Insurance Premium (PMI Mtg. Ins.) -- 10,817.48
Pool Insurance (GE Mort. Ins.) 11,832.40 --
Pool Insurance (United Guaranty Ins.) -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- --
Special Hazard Insurance (Comm. and Ind.) -- --
Bond Manager Fee (Capstead) 1,071.78 614.63
Excess Compensating Interest (Capstead) -- --
Administrative Fee (Capstead) 2,296.73 1,741.50
Administrative Fee (Other) -- --
Excess-Fees -- --
Special Hazard Insurance (Aetna Casualty) -- --
Other -- --
------------------- -------------------
Total Fees 16,119.57 13,706.29
------------------- -------------------
Servicing Fee 20,723.65 13,966.96
Interest on Accelerated Prepayments -- --
------------------- -------------------
Total Interest Distribution $ 454,957.38 $ 301,952.30
=================== ===================
LOAN COUNT 312 208
WEIGHTED AVERAGE PASS-THROUGH RATE 6.826988379 6.693762722
</TABLE>
Page 1 of 4
<PAGE> 2
CAPSTEAD MORTGAGE CORPORATION EXHIBIT 28.1
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-MAY-98
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2E.B 93-2F 93-2G
---------------- ----------------- ------------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 127,975,698.44 $ 54,749,635.00 $ 164,426,981.74
Loans Repurchased -- -- --
Scheduled Principal Distribution 153,649.84 60,710.22 214,272.63
Additional Principal Distribution 34,872.24 10,307.38 481,874.53
Liquidations Distribution 4,111,271.32 2,136,453.43 1,797,679.57
Accelerated Prepayments -- -- --
Adjustments (Cash) -- -- --
Adjustments (Non-Cash) -- -- --
Losses/Foreclosures -- -- --
Special Hazard Account -- -- --
---------------- ----------------- ------------------
Ending Security Balance $ 123,675,905.04 $ 52,542,163.97 $ 161,933,155.01
================ ================= ==================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 748,976.05 $ 336,430.48 $ 979,959.86
Compensating Interest 10,336.64 -- 4,545.45
Trustee Fee (Tx. Com. Bk.) 1,386.40 684.38 1,849.80
Pool Insurance Premium (PMI Mtg. Ins.) 28,154.65 15,713.18 --
Pool Insurance (GE Mort. Ins.) -- -- --
Pool Insurance (United Guaranty Ins.) -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- --
Special Hazard Insurance (Comm. and Ind.) -- 1,637.91 --
Bond Manager Fee (Capstead) 1,599.70 912.49 2,055.34
Excess Compensating Interest (Capstead) -- 4,410.10 --
Administrative Fee (Capstead) 4,532.66 0.07 6,851.35
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- --
Other -- (0.03) --
---------------- ----------------- ------------------
Total Fees 35,673.41 23,358.10 10,756.49
---------------- ----------------- ------------------
Servicing Fee 33,592.15 17,489.88 41,498.79
Interest on Accelerated Prepayments -- -- --
---------------- ----------------- ------------------
Total Interest Distribution $ 828,578.25 $ 377,278.46 $ 1,036,760.59
================ ================= ==================
LOAN COUNT 436 191 596
WEIGHTED AVERAGE PASS-THROUGH RATE 7.119908226 7.490524 7.184990927
</TABLE>
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2H.1 93-2H.2
----------------- -----------------
<S> <C> <C>
BEGINNING SECURITY BALANCE $ 42,554,763.75 $ 28,143,662.00
Loans Repurchased -- --
Scheduled Principal Distribution 44,515.45 28,832.88
Additional Principal Distribution 11,247.96 5,336.92
Liquidations Distribution 2,189,585.40 668,065.79
Accelerated Prepayments -- --
Adjustments (Cash) -- --
Adjustments (Non-Cash) -- --
Losses/Foreclosures -- --
Special Hazard Account -- --
----------------- -----------------
Ending Security Balance $ 40,309,414.94 $ 27,441,426.41
================= =================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 261,062.53 $ 180,365.48
Compensating Interest -- --
Trustee Fee (Tx. Com. Bk.) 531.94 351.77
Pool Insurance Premium (PMI Mtg. Ins.) -- --
Pool Insurance (GE Mort. Ins.) 12,511.09 8,077.23
Pool Insurance (United Guaranty Ins.) -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- --
Special Hazard Insurance (Comm. and Ind.) -- --
Bond Manager Fee (Capstead) -- 1,178.31
Excess Compensating Interest (Capstead) 6,402.12 2,343.29
Administrative Fee (Capstead) 1,773.10 253.89
Administrative Fee (Other) -- --
Excess-Fees -- --
Special Hazard Insurance (Aetna Casualty) 1,102.88 842.02
Other -- (0.07)
----------------- -----------------
Total Fees 22,321.13 13,046.44
----------------- -----------------
Servicing Fee 13,298.45 9,467.67
Interest on Accelerated Prepayments -- --
----------------- -----------------
Total Interest Distribution $ 296,682.11 $ 202,879.59
================= =================
LOAN COUNT 154 90
WEIGHTED AVERAGE PASS-THROUGH RATE 7.361691345 7.661018
</TABLE>
Page 2 of 4
<PAGE> 3
CAPSTEAD MORTGAGE CORPORATION EXHIBIT 28.1
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-MAY-98
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2I 93-2I.1 93-2I.2
------------------ ------------------- --------------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 33,979,754.45 $ 30,838,973.43 $ 35,123,052.32
Loans Repurchased -- -- --
Scheduled Principal Distribution 34,645.09 30,434.79 33,471.43
Additional Principal Distribution 2,740.30 1,772.15 2,643.88
Liquidations Distribution 1,339,932.64 1,343,153.55 2,113,118.67
Accelerated Prepayments -- -- --
Adjustments (Cash) (462.45) -- --
Adjustments (Non-Cash) -- -- --
Losses/Foreclosures 43,814.81 -- --
Special Hazard Account -- -- --
------------------ ------------------- --------------------
Ending Security Balance $ 32,559,084.06 $ 29,463,612.94 $ 32,973,818.34
================== =================== ====================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 211,529.72 $ 197,530.74 $ 226,617.42
Compensating Interest -- -- --
Trustee Fee (Tx. Com. Bk.) 424.73 385.48 439.04
Pool Insurance Premium (PMI Mtg. Ins.) -- -- 10,135.92
Pool Insurance (GE Mort. Ins.) 9,661.57 9,066.66 --
Pool Insurance (United Guaranty Ins.) -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- 1,704.66
Special Hazard Insurance (Comm. and Ind.) -- -- --
Bond Manager Fee (Capstead) 1,665.70 -- --
Excess Compensating Interest (Capstead) 7,327.82 2,302.04 2,755.73
Administrative Fee (Capstead) 217.05 1,284.91 1,463.37
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) 1,016.62 799.24 1,050.76
Other (0.48) -- --
------------------ ------------------- --------------------
Total Fees 20,313.01 13,838.33 17,549.48
------------------ ------------------- --------------------
Servicing Fee 10,618.68 9,637.12 10,976.03
Interest on Accelerated Prepayments -- -- --
------------------ ------------------- --------------------
Total Interest Distribution $ 242,461.41 $ 221,006.19 $ 255,142.93
================== =================== ====================
LOAN COUNT 129 127 144
WEIGHTED AVERAGE PASS-THROUGH RATE 7.801286 7.686276865 7.742519116
</TABLE>
<TABLE>
<CAPTION>
DEAL REFERENCE 1995-A 1996-A
------------------- -------------------
<S> <C> <C>
BEGINNING SECURITY BALANCE $ 64,944,333.76 $ 51,632,620.38
Loans Repurchased -- --
Scheduled Principal Distribution 59,498.31 52,800.22
Additional Principal Distribution 61,577.75 13,444.80
Liquidations Distribution 3,777,382.41 1,939,812.41
Accelerated Prepayments -- --
Adjustments (Cash) -- --
Adjustments (Non-Cash) -- --
Losses/Foreclosures -- --
Special Hazard Account -- --
------------------- -------------------
Ending Security Balance $ 61,045,875.29 $ 49,626,562.95
=================== ===================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 409,178.31 $ 316,967.48
Compensating Interest -- --
Trustee Fee (Tx. Com. Bk.) 541.20 645.40
Pool Insurance Premium (PMI Mtg. Ins.) -- --
Pool Insurance (GE Mort. Ins.) 24,354.12 14,870.20
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) 8,030.16 8,395.73
Administrative Fee (Capstead) 1,725.40 2,151.41
Administrative Fee (Other) -- --
Excess-Fees -- --
Special Hazard Insurance (Aetna Casualty) 1,488.31 1,183.25
Other -- --
------------------- -------------------
Total Fees 36,139.19 27,245.99
------------------- -------------------
Servicing Fee 20,295.16 14,298.86
Interest on Accelerated Prepayments -- --
------------------- -------------------
Total Interest Distribution $ 465,612.66 $ 358,512.33
=================== ===================
LOAN COUNT 287 185
WEIGHTED AVERAGE PASS-THROUGH RATE 7.560535979 7.366679692
</TABLE>
Page 3 of 4
<PAGE> 4
CAPSTEAD MORTGAGE CORPORATION EXHIBIT 28.1
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-MAY-98
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-B 1996-C.1 1996-C.2
------------------ ------------------- -------------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 110,563,950.30 $ 25,691,866.54 $ 38,303,429.73
Loans Repurchased -- -- --
Scheduled Principal Distribution 113,390.81 23,358.72 35,785.27
Additional Principal Distribution 4,293.60 74,455.78 11,112.06
Liquidations Distribution 3,932,480.95 2,969,703.21 1,804,607.87
Accelerated Prepayments -- -- --
Adjustments (Cash) -- -- --
Adjustments (Non-Cash) -- -- --
Losses/Foreclosures -- -- --
Special Hazard Account -- -- --
------------------- ------------------ -------------------
Ending Security Balance $ 106,513,784.94 $ 22,624,348.83 $ 36,451,924.53
=================== ================== ===================
INTEREST DISTRIBUTION: $ 691,312.64 $ 159,285.31 $ 248,839.26
Due Certificate Holders -- -- 397.02
Compensating Interest
Trustee Fee (Tx. Com. Bk.) 1,382.05 321.15 319.20
Pool Insurance Premium (PMI Mtg. Ins.) 29,879.90 -- --
Pool Insurance (GE Mort. Ins.) -- 7,399.26 --
Pool Insurance (United Guaranty Ins.) -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) 2,866.48 -- --
Special Hazard Insurance (Comm. and Ind.) -- -- --
Bond Manager Fee (Capstead) -- -- --
Excess Compensating Interest (Capstead) 7,388.93 7,740.20 2,168.33
Administrative Fee (Capstead) 4,606.94 1,284.67 798.00
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) 3,197.14 588.77 --
Other -- -- --
------------------ ------------------ ------------------
Total Fees 49,321.44 17,334.05 3,285.53
------------------ ------------------ ------------------
32,293.76 8,028.72 9,020.52
Servicing Fee -- -- --
Interest on Accelerated Prepayments ------------------ ------------------ ------------------
Total Interest Distribution $ 772,927.84 $ 184,648.08 $ 261,542.33
================== ================== ==================
LOAN COUNT 377 105 163
WEIGHTED AVERAGE PASS-THROUGH RATE 7.503125257 7.439800908 7.808270385
</TABLE>
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-C.3
-------------------
<S> <C>
BEGINNING SECURITY BALANCE $ 41,245,406.57
Loans Repurchased --
Scheduled Principal Distribution 36,202.13
Additional Principal Distribution 6,626.61
Liquidations Distribution 2,180,932.04
Accelerated Prepayments --
Adjustments (Cash) --
Adjustments (Non-Cash) --
Losses/Foreclosures --
Special Hazard Account --
------------------
Ending Security Balance $ 39,021,645.79
==================
INTEREST DISTRIBUTION: $ 253,720.52
Due Certificate Holders --
Compensating Interest
Trustee Fee (Tx. Com. Bk.) 343.71
Pool Insurance Premium (PMI Mtg. Ins.) --
Pool Insurance (GE Mort. Ins.) --
Pool Insurance (United Guaranty Ins.) 15,363.92
Backup for Pool Insurance (Fin. Sec. Assur.) --
Special Hazard Insurance (Comm. and Ind.) --
Bond Manager Fee (Capstead) 9,463.31
Excess Compensating Interest (Capstead) 4,120.68
Administrative Fee (Capstead) 1,621.59
Administrative Fee (Other) --
Excess-Fees --
Special Hazard Insurance (Aetna Casualty) 1,192.67
Other --
------------------
Total Fees 32,105.88
------------------
12,889.23
Servicing Fee --
Interest on Accelerated Prepayments ------------------
Total Interest Distribution $ 298,715.63
==================
LOAN COUNT 178
WEIGHTED AVERAGE PASS-THROUGH RATE 7.65711
</TABLE>
Page 4 of 4
<PAGE> 1
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS MAY 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> <C> <C> <C>
1993-2A 5/25/98 149,572,077.00 50,985,371.78
- -----------------------------------------------------------------------
A 125714AC9 34,791,000.00
D 125714AD7 8,535,000.00
E 125714AE5 7.25000 28,652,000.00 0.0036251459 0.061019688
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 0.0011995513 0.0162617467
J 125714AK1 7.25000 2,901,000.00 0.0060416684 0
KPO 125714AM7 0.00000 772,949.00 0 0.0209222083
LIO 125714AN5 0.00 0.0001011367 0
R 125714AL9 7.25000 128.00 0.006015625 0
1993-2B 5/25/98 189,529,970.00 40,244,833.34
- -----------------------------------------------------------------------
2B-A 125714AP0 189,529,000.00 0.0014637813 0.0152329571
1993-2C 5/25/98 207,040,201.00 110,521,611.89
- -----------------------------------------------------------------------
A-2 125714BB0 6.50000 27,680,000.00 0.0007447518 0.0220270278
A-3 125714BC8 10,312,000.00 0.0011078675 0.0220270112
A-4 125714BD6 33,521,000.00 0.0017529614 0.0457868548
A-5 000005CQR 84,357,000.00 0.0061334925 0
A-R 125714AZ8 1,000.00 0.00613 0
B-1 000007CQR 5,694,392.00 0.0058135495 0.0012465001
B-2 000008CQR 3,623,203.00 0.0058135495 0.0012464938
B-3 000009CQR 2,588,003.00 0.005813552 0.0012464939
B-4 000010CQR 1,345,761.00 0.0058135508 0.0012464918
B-5 000011CQR 621,120.00 0.0058135465 0.0012464902
</TABLE>
<TABLE>
<CAPTION>
CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- ----------------------------------------------------------
<C> <C> <C>
15,443,554.95 30.29 0.5390044308
10,692,000.00 20.97 1
16,410,000.00 32.19 1
3,006,000.00 5.90 1
2,197,806.92 4.31 0.1822847242
2,901,000.00 5.69 1
334,881.91 0.66 0.4332522715
128.00 0.00 1
40,244,833.34 100.00 0.2123412952
3,196,089.03 2.89 0.1154656441
1,190,684.01 1.08 0.115465866
8,045,532.01 7.28 0.2400146777
84,357,000.00 76.33 1
1,000.00 0.00 1
5,390,255.21 4.88 0.9465901206
3,429,688.99 3.10 0.9465903484
2,449,778.67 2.22 0.9465903517
1,273,884.37 1.15 0.9465903455
587,946.20 0.53 0.9465903529
</TABLE>
Page 1 of 4
<PAGE> 2
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS MAY 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> <C> <C> <C>
B-6 000012CQR 1,138,722.00 0.0032304461 0
1993-2D 5/25/98 175,093,365.00 71,956,931.76
- -----------------------------------------------------------------------
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.0008010025 0.0144467553
B 125714AT2 39,792,000.00 0.0016020029 0.0288933818
C 125714AU9 29,251,000.00 0.0056891566 0
D 125714AV7 17,072,000.00 0.0056891565 0
E 125714AW5 1,897,000.00 0.0056891566 0
F 125714AX3 10,300,365.00 0.0056891566 0
R 125714AY1 1,000.00 0.00569 0
1993-2E 5/25/98 317,870,015.00 170,710,877.20
- -----------------------------------------------------------------------
15A 125714BE4 6.75000 86,454,000.00 0.0038504643 0.0216070908
15B 125714BF1 6.75000 9,494,478.45 0.0028133816 0.021607092
15CPO 125714BG9 0.00000 1,972,695.84 0 0.0319967091
15DIO 125714BH7 5,911.86 0.732261502 0.0163734777
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 0.0019678805 0.1472811697
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 0.0040032244 0
30K 125714CB9 17,252,571.43 0.0063107128 0
</TABLE>
<TABLE>
<CAPTION>
CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- ----------------------------------------------------------
<C> <C> <C>
599,753.40 0.54 0.5266899208
3,380,310.08 4.70 0.1263478388
10,055,256.68 13.97 0.2526954333
29,251,000.00 40.65 1
17,072,000.00 23.73 1
1,897,000.00 2.64 1
10,300,365.00 14.31 1
1,000.00 0.00 1
41,372,527.25 24.24 0.4785496015
4,543,578.86 2.66 0.4785496222
1,115,909.09 0.65 0.5656771697
2,957.24 0.00 0.5002097429
0.02 0.00 0.0000000217
5,529,510.73 3.24 0.1900698037
11,747,000.00 6.88 1
24,409,000.00 14.30 1
21,450,000.00 12.57 1
13,542,000.00 7.93 1
32,403,578.22 18.98 0.8049378532
13,887,247.79 8.13 0.8049378722
</TABLE>
Page 2 of 4
<PAGE> 3
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS MAY 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> <C> <C> <C>
30NIO 125714BR5 0.00 0.0000773083 0
30PPO 125714BS3 0.00000 1,089,658.82 0 0.0138484517
1993-2F 5/25/98 222,866,291.00 52,542,169.16
- -----------------------------------------------------------------------
A 125714BJ3 222,866,000.00 0.001509564 0.0099049281
1993-2G 5/25/98 246,780,547.00 161,933,164.13
- -----------------------------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.0021205993 0.0242693627
2G-A2 125714CS2 27,342,000.00 0.0022830104 0.0092467248
2G-A3 125714CT0 25,200,000.00
2G-A4 125714CU7 15,000,000.00 0.0054969267 0.0522972293
2G-A5 125714A#2 100,190,000.00 0.0059874925 0
2G-B1 125714A@4 4,936,000.00 0.0056791451 0.0012360373
2G-B2 125714B#1 3,701,000.00 0.0056791435 0.0012360362
2G-B3 125714B*5 1,481,000.00 0.0056791425 0.0012360365
2G-B4 125714B@3 740,000.00 0.0056791486 0.0012360405
2G-B5 125714C#0 1,481,547.00 0.0040440837 0.0008801476
2G-M 125714A*6 7,403,000.00 0.0056791449 0.0012360367
2GA3IO 125714CP8 0.00 0 0
2GA4IO 125714CQ6 0.00 0.000324064 0
1993-2H 5/25/98 315,871,665.00 67,750,844.25
- -----------------------------------------------------------------------
2H-A1 125714CG8 180,386,000.00 0.0013974915 0.0093315883
2H-A2 125714CH6 125,000,000.00 0.0015147206 0.0101143716
2H-A3 125714CJ2 10,485,000.00
</TABLE>
<TABLE>
<CAPTION>
CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- -----------------------------------------------------------
<C> <C> <C>
707,568.00 0.41 0.6493480988
52,542,169.16 100.00 0.2357567738
19,474,784.72 12.03 0.329902167
10,172,587.00 6.28 0.37204985
13,798,416.57 8.52 0.919894438
100,190,000.00 61.87 1
4,675,701.38 2.89 0.9472652715
3,505,828.76 2.16 0.9472652688
1,402,899.87 0.87 0.9472652735
700,976.30 0.43 0.9472652703
999,364.97 0.62 0.6745415232
7,012,604.56 4.33 0.9472652384
38,690,725.16 57.11 0.2144885144
29,060,119.09 42.89 0.2324809527
</TABLE>
Page 3 of 4
<PAGE> 4
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS MAY 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> <C> <C> <C>
1993-2I 5/25/98 367,955,786.00 225,432,368.54
- -----------------------------------------------------------------------
2I-3IO 125714CL7 0.00 0.0000948485 0
2I-A1 125714CE3 237,519,000.00 0.0018776958 0.0150299723
2I-A2 125714CD5 130,435,853.00 0.0013594216 0.010544343
1995-A 5/25/98 176,490,904.00 61,045,874.27
- -----------------------------------------------------------------------
A1 125714CV5 82,117,691.00 0.0025525483 0.0276994363
A2 125714CW3 94,373,113.00 0.0021146795 0.0172066457
R 125714CX1 100.00
1996-A 5/25/98 115,119,131.00 49,626,562.08
- -----------------------------------------------------------------------
A 125714CY9 115,119,031.00 0.0027533887 0.0174259409
R 125714CZ6 100.00
1996-B 5/25/98 207,490,355.00 106,513,783.76
- -----------------------------------------------------------------------
A1 125714DA0 0.00000 41,914,009.00 0.0027586641 0.0308251721
A2 125714DB8 0.00000 165,576,246.00 0.0034768635 0.0166579378
R 125714DC6 100.00
1996-C 5/25/98 266,806,262.00 96,052,826.75
- -----------------------------------------------------------------------
A 125714DD4 0.00000 266,806,062.00 0.0018817953 0.0269088052
R N/A 100.00
X N/A 100.00
</TABLE>
<TABLE>
<CAPTION>
CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- ----------------------------------------------------------
<C> <C> <C>
130,435,853.00 57.86 1
65,532,902.51 29.07 0.2759059381
29,463,613.03 13.07 0.2258858462
30,522,693.87 50.00 0.3716944972
30,523,180.40 50.00 0.323430895
49,626,562.08 100.00 0.4310891227
16,893,558.97 15.86 0.4030528068
89,620,224.79 84.14 0.5412625721
96,052,826.75 100.00 0.3600099114
</TABLE>
Page 4 of 4
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