<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: DECEMBER 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> 2
CMC SECURITIES CORPORATION II
FORM 8-K
INDEX
PAGE
----
ITEM NUMBER
<TABLE>
<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 DECEMBER 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>
<S> <C>
SERIES DESIGNATION DISTRIBUTION OF PRINCIPAL AND INTEREST ON SERIES
------------------ ------------------------------------------------
Series 1993-2A $1,847,594.08
Series 1993-2B $1,664,191.08
Series 1993-2C $1,383,153.49
Series 1993-2D $2,030,553.87
Series 1993-2E $4,642,936.10
Series 1993-2F $2,642,396.09
Series 1993-2G $2,333,599.86
Series 1993-2H $3,269,967.24
Series 1993-2I $4,359,388.13
Series 1995-A $5,353,168.45
Series 1996-A $3,040,577.86
Series 1996-B $5,311,611.88
Series 1996-C $6,412,998.12
</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
March 3, 1998 By: s/s PHILLIP A. REINSCH
-------------------------------
Phillip A. Reinsch - Vice
President
<PAGE> 4
EXHIBIT INDEX
Exhibit No. Description
28.1 Collateral Summary and Remittance Report
28.2 Summary of Trustee's Report to Bond
holders
<PAGE> 1
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-DEC-97
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2A 93-2B 93-2C
---------------- ---------------- ----------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 60,771,019.33 $ 51,726,728.00 $ 121,067,507.23
Loans Repurchased -- -- --
Scheduled Principal Distribution 66,834.15 52,600.52 144,790.12
Additional Principal Distribution 13,601.75 51,279.38 39,521.76
Liquidations Distribution 1,384,534.03 1,224,952.53 455,689.35
Accelerated Prepayments -- -- --
Adjustments (Cash) -- --
Losses/Foreclosures -- -- --
Special Hazard Account -- -- --
---------------- ---------------- ----------------
Ending Security Balance $ 59,306,049.40 $ 50,397,895.57 $ 120,427,506.00
================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 379,743.99 $ 335,358.65 $ 742,537.75
Compensating Interest 2,880.11 -- 614.51
Trustee Fee (Tx. Com. Bk.) 683.67 646.56 1,513.34
Pool Insurance Premium (PMI Mtg. Ins.) -- -- --
Pool Insurance (GE Mort. Ins.) 14,706.59 14,845.62 --
Pool Insurance (United Guaranty Ins.) -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- --
Special Hazard Insurance (Comm. and Ind.) 2,886.62 1,547.51 --
Bond Manager Fee (Capstead) 962.21 862.11 1,513.34
Excess Compensating Interest (Capstead) -- 2,729.50 --
Administrative Fee (Capstead) 1,645.96 (3.56) 5,044.69
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- --
Other -- (70.41) --
---------------- ---------------- ----------------
Total Fees 20,885.05 20,557.33 8,071.37
---------------- ---------------- ----------------
Servicing Fee 20,466.91 16,094.49 32,094.14
Interest on Accelerated Prepayments -- -- --
---------------- ---------------- ----------------
Total Interest Distribution $ 423,976.06 $ 372,010.47 $ 783,317.77
================ ================ ================
LOAN COUNT 225 180 437
WEIGHTED AVERAGE PASS-THROUGH RATE 7.555392769 7.863247 7.365995488
</TABLE>
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2D 93-2E.A 93-2E.B
---------------- ---------------- ----------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 80,273,152.43 $ 53,683,918.64 $ 140,182,093.69
Loans Repurchased -- -- --
Scheduled Principal Distribution 471,949.96 303,504.66 159,079.75
Additional Principal Distribution 47,342.03 26,474.48 172,516.70
Liquidations Distribution 1,053,574.83 952,402.69 1,896,928.58
Accelerated Prepayments -- -- --
Adjustments (Cash) -- -- --
Losses/Foreclosures -- -- --
Special Hazard Account -- -- --
---------------- ---------------- ----------------
Ending Security Balance $ 78,700,285.61 $ 52,401,536.81 $ 137,953,568.66
================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 455,204.59 $ 299,382.14 $ 827,552.19
Compensating Interest 2,482.12 409.84 4,685.06
Trustee Fee (Tx. Com. Bk.) 1,003.41 581.58 1,518.64
Pool Insurance Premium (PMI Mtg. Ins.) -- 11,810.46 30,840.06
Pool Insurance (GE Mort. Ins.) 12,923.98 -- --
Pool Insurance (United Guaranty Ins.) -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- --
Bond Manager Fee (Capstead) 1,170.65 671.05 1,752.28
Excess Compensating Interest (Capstead) -- -- --
Administrative Fee (Capstead) 2,508.62 1,901.29 4,965.03
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- --
Other -- -- --
---------------- ---------------- ----------------
Total Fees 17,606.66 14,964.38 39,076.01
---------------- ---------------- ----------------
Servicing Fee 22,874.82 15,310.09 37,132.04
Interest on Accelerated Prepayments -- -- --
---------------- ---------------- ----------------
Total Interest Distribution $ 498,168.19 $ 330,066.45 $ 908,445.30
================ ================ ================
LOAN COUNT 331 219 475
WEIGHTED AVERAGE PASS-THROUGH RATE 6.841939495 6.70126893 7.124195921
</TABLE>
Page 1 of 4
<PAGE> 2
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-DEC-97
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2F 93-2G 93-2H.1
---------------- ---------------- ----------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 63,920,953.00 $ 174,841,857.42 $ 56,014,664.97
Loans Repurchased -- -- --
Scheduled Principal Distribution 67,439.41 214,860.45 56,282.93
Additional Principal Distribution 6,890.33 371,303.59 15,402.95
Liquidations Distribution 2,171,546.10 700,084.42 1,670,517.58
Accelerated Prepayments -- -- --
Adjustments (Cash) -- -- --
Losses/Foreclosures -- -- --
Special Hazard Account -- -- --
---------------- ---------------- ----------------
Ending Security Balance $ 61,675,077.16 $ 173,555,608.96 $ 54,272,461.51
================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 396,520.94 $ 1,045,518.62 $ 351,073.11
Compensating Interest -- 1,832.78 --
Trustee Fee (Tx. Com. Bk.) 799.03 1,966.97 700.19
Pool Insurance Premium (PMI Mtg. Ins.) -- --
Pool Insurance (GE Mort. Ins.) 18,345.24 -- 16,468.32
Pool Insurance (United Guaranty Ins.) -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- --
Special Hazard Insurance (Comm. and Ind.) 1,912.35 -- --
Bond Manager Fee (Capstead) 1,065.35 2,185.52 --
Excess Compensating Interest (Capstead) 5,447.07 -- 3,427.95
Administrative Fee (Capstead) 0.01 7,285.15 2,333.95
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- 1,451.71
Other (0.69) -- --
---------------- ---------------- ----------------
Total Fees 27,568.36 11,437.64 24,382.12
---------------- ---------------- ----------------
Servicing Fee 20,358.02 44,212.21 17,504.61
Interest on Accelerated Prepayments -- -- --
---------------- ---------------- ----------------
Total Interest Distribution $ 444,447.32 $ 1,103,001.25 $ 392,959.84
================ ================ ================
LOAN COUNT 223 627 200
WEIGHTED AVERAGE PASS-THROUGH RATE 7.566205 7.188334067 7.52102565
</TABLE>
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2H.2 93-2I 93-2I.1
---------------- ---------------- ----------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 30,963,503.00 $ 40,730,885.73 $ 39,766,423.33
Loans Repurchased -- -- --
Scheduled Principal Distribution 29,902.04 47,899.65 37,404.73
Additional Principal Distribution 10,329.53 4,014.45 64,521.89
Liquidations Distribution 939,208.81 1,481,169.79 641,916.37
Accelerated Prepayments -- -- --
Adjustments (Cash) -- (275.15) --
Losses/Foreclosures -- 351,950.50 --
Special Hazard Account -- -- --
---------------- ---------------- ----------------
Ending Security Balance $ 29,984,062.62 $ 38,846,126.49 $ 39,022,580.34
================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 197,251.45 $ 262,707.52 $ 258,132.04
Compensating Interest -- -- --
Trustee Fee (Tx. Com. Bk.) 387.09 509.14 497.08
Pool Insurance Premium (PMI Mtg. Ins.) -- -- --
Pool Insurance (GE Mort. Ins.) 8,886.53 11,581.23 11,691.34
Pool Insurance (United Guaranty Ins.) -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- --
Bond Manager Fee (Capstead) 1,449.64 2,039.55 --
Excess Compensating Interest (Capstead) 4,078.26 3,060.28 3,226.39
Administrative Fee (Capstead) 268.24 274.22 1,656.90
Administrative Fee (Other) -- -- --
Excess-Fees -- (79.87) --
Special Hazard Insurance (Aetna Casualty) 926.35 1,218.48 1,030.61
Other (1.15) (0.13) --
---------------- ---------------- ----------------
Total Fees 15,994.96 18,602.90 18,102.32
---------------- ---------------- ----------------
Servicing Fee 10,352.20 12,728.45 12,426.98
Interest on Accelerated Prepayments -- -- --
---------------- ---------------- ----------------
Total Interest Distribution $ 223,598.61 $ 294,038.87 $ 288,661.34
================ ================ ================
LOAN COUNT 100 155 159
WEIGHTED AVERAGE PASS-THROUGH RATE 7.641243 7.892415 7.789447027
</TABLE>
Page 2 of 4
<PAGE> 3
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-DEC-97
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2I.2 1995-A 1996-A
---------------- ---------------- ----------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 41,875,905.86 $ 81,951,487.86 $ 63,683,437.61
Loans Repurchased -- -- --
Scheduled Principal Distribution 37,942.83 70,495.77 63,215.93
Additional Principal Distribution 3,446.92 23,749.51 17,175.61
Liquidations Distribution 895,866.23 4,736,395.13 2,564,623.23
Accelerated Prepayments -- -- --
Adjustments (Cash) -- -- --
Losses/Foreclosures -- -- --
Special Hazard Account -- -- --
---------------- ---------------- ----------------
Ending Security Balance $ 40,938,649.88 $ 77,120,847.45 $ 61,038,422.84
================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 272,690.37 $ 522,528.02 $ 395,563.10
Compensating Interest -- -- --
Trustee Fee (Tx. Com. Bk.) 523.45 682.93 796.04
Pool Insurance Premium (PMI Mtg. Ins.) 12,084.69 -- --
Pool Insurance (GE Mort. Ins.) -- 30,731.81 18,340.83
Pool Insurance (United Guaranty Ins.) -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) 2,029.51 -- --
Special Hazard Insurance (Comm. and Ind.) -- -- --
Bond Manager Fee (Capstead) -- -- --
Excess Compensating Interest (Capstead) 2,994.12 8,654.10 8,186.46
Administrative Fee (Capstead) 1,744.87 2,189.97 2,653.56
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) 1,252.79 1,878.05 1,459.41
Other -- -- --
---------------- ---------------- ----------------
Total Fees 20,629.43 44,136.86 31,436.30
---------------- ---------------- ----------------
Servicing Fee 13,086.32 25,609.88 17,738.22
Interest on Accelerated Prepayments -- -- --
---------------- ---------------- ----------------
Total Interest Distribution $ 306,406.12 $ 592,274.76 $ 444,737.62
================ ================ ================
LOAN COUNT 167 361 226
WEIGHTED AVERAGE PASS-THROUGH RATE 7.814241562 7.651278096 7.453676149
</TABLE>
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-B 1996-C.1 1996-C.2
---------------- ---------------- ----------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 139,409,455.09 $ 31,395,119.67 $ 52,160,605.19
Loans Repurchased -- -- --
Scheduled Principal Distribution 131,388.72 26,251.43 46,154.48
Additional Principal Distribution 14,805.43 2,420.39 39,763.18
Liquidations Distribution 4,285,952.52 1,563,638.02 2,690,056.29
Accelerated Prepayments -- -- --
Adjustments (Cash) -- -- --
Losses/Foreclosures -- -- 820.20
Special Hazard Account -- -- --
---------------- ---------------- ----------------
Ending Security Balance $ 134,977,308.42 $ 29,802,809.83 $ 49,383,811.04
================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 879,465.23 $ 203,405.78 $ 345,579.25
Compensating Interest -- -- 626.35
Trustee Fee (Tx. Com. Bk.) 1,742.61 392.44 434.67
Pool Insurance Premium (PMI Mtg. Ins.) 37,675.40 -- --
Pool Insurance (GE Mort. Ins.) -- 9,041.79 --
Pool Insurance (United Guaranty Ins.) -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) 3,363.98 -- --
Special Hazard Insurance (Comm. and Ind.) -- -- --
Bond Manager Fee (Capstead) -- -- --
Excess Compensating Interest (Capstead) 12,529.29 3,307.05 1,055.88
Administrative Fee (Capstead) 5,808.67 1,569.86 1,086.65
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) 4,031.26 719.47 --
Other -- -- --
---------------- ---------------- ----------------
Total Fees 65,151.21 15,030.61 2,577.20
---------------- ---------------- ----------------
Servicing Fee 40,826.91 9,810.98 12,313.80
Interest on Accelerated Prepayments -- -- --
---------------- ---------------- ----------------
Total Interest Distribution $ 985,443.35 $ 228,247.37 $ 361,096.60
================ ================ ================
LOAN COUNT 467 126 218
WEIGHTED AVERAGE PASS-THROUGH RATE 7.570205875 7.774677675 7.964760349
</TABLE>
Page 3 of 4
<PAGE> 4
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-DEC-97
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-C.3
----------------
<S> <C>
BEGINNING SECURITY BALANCE $ 50,610,728.03
Loans Repurchased --
Scheduled Principal Distribution 41,123.70
Additional Principal Distribution 27,451.08
Liquidations Distribution 1,109,445.85
Accelerated Prepayments --
Adjustments (Cash) --
Losses/Foreclosures --
Special Hazard Account --
----------------
Ending Security Balance $ 49,432,707.40
================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 317,082.32
Compensating Interest --
Trustee Fee (Tx. Com. Bk.) 421.75
Pool Insurance Premium (PMI Mtg. Ins.) --
Pool Insurance (GE Mort. Ins.) --
Pool Insurance (United Guaranty Ins.) 18,852.50
Backup for Pool Insurance (Fin. Sec. Assur.) --
Special Hazard Insurance (Comm. and Ind.) --
Bond Manager Fee (Capstead) 12,111.30
Excess Compensating Interest (Capstead) 3,271.83
Administrative Fee (Capstead) 2,021.55
Administrative Fee (Other) --
Excess-Fees --
Special Hazard Insurance (Aetna Casualty) 1,463.49
Other --
----------------
Total Fees 38,142.42
----------------
Servicing Fee 15,815.88
Interest on Accelerated Prepayments --
----------------
Total Interest Distribution $ 371,040.62
================
LOAN COUNT 212
WEIGHTED AVERAGE PASS-THROUGH RATE 7.805308
</TABLE>
Page 4 of 4
<PAGE> 1
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS DECEMBER 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 12/25/97 149,572,077.00 59,306,047.48
- -----------------------------------------------------
A 125714AC9 34,791,000.00
D 125714AD7 8,535,000.00
E 125714AE5 7.25000 28,652,000.00 0.0051077429 0.0459980731 22,905,022.59 38.62 0.7994214222
F 125714AG0 7.25000 10,692,000.00 0.0060416667 0 10,692,000.00 18.03 1
G 125714AH8 7.25000 16,410,000.00 0.0060416667 0 16,410,000.00 27.67 1
H 125714AJ4 7.25000 3,006,000.00 0.0060416667 0 3,006,000.00 5.07 1
I 125714AF2 7.25000 12,057,000.00 0.0015916804 0.0121510061 3,029,918.18 5.11 0.251299509
J 125714AK1 7.25000 2,901,000.00 0.0060416684 0 2,901,000.00 4.89 1
KPO 125714AM7 0.00000 772,949.00 0 0.0006836932 361,978.71 0.61 0.4683086594
LIO 125714AN5 0.00 0.0001180438 0
R 125714AL9 7.25000 128.00 0.006015625 0 128.00 0.00 1
1993-2B 12/25/97 189,529,970.00 50,397,903.99
- -----------------------------------------------------
2B-A 125714AP0 189,529,000.00 0.0017694319 0.0070112354 50,397,903.99 100.00 0.2659113064
1993-2C 12/25/97 207,040,201.00 120,427,472.38
- -----------------------------------------------------
A-2 125714BB0 6.50000 27,680,000.00 0.001147021 0.0057895491 5,701,198.72 4.73 0.2059681618
A-3 125714BC8 10,312,000.00 0.0017100407 0.0057895442 2,123,945.27 1.76 0.2059683156
A-4 125714BD6 33,521,000.00 0.0027019316 0.0120345443 14,351,656.48 11.92 0.4281392703
A-5 000005CQR 84,357,000.00 0.0061383291 0 84,357,000.00 70.05 1
A-R 125714AZ8 1,000.00 0.00614 0 1,000.00 0.00 1
B-1 000007CQR 5,694,392.00 0.0058546742 0.0011406802 5,424,756.52 4.50 0.952648943
B-2 000008CQR 3,623,203.00 0.005854712 0.0011406868 3,451,662.38 2.87 0.9526549796
B-3 000009CQR 2,588,003.00 0.0058547111 0.0011406865 2,465,473.95 2.05 0.9526549815
B-4 000010CQR 1,345,761.00 0.0058547097 0.0011406855 1,282,045.90 1.06 0.9526549662
B-5 000011CQR 621,120.00 0.0058547141 0.0011406813 591,713.06 0.49 0.9526549781
B-6 000012CQR 1,138,722.00 0.0036541228 0.0007118858 677,020.10 0.56 0.5945437956
</TABLE>
Page 1 of 4
<PAGE> 2
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS DECEMBER 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 12/25/97 175,093,365.00 78,700,284.81
- ----------------------------------------------------------------
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.0011662862 0.0147912548 5,076,902.54 6.45 0.1897623735
B 125714AT2 39,792,000.00 0.0023325671 0.0295823776 15,102,017.27 19.19 0.3795239563
C 125714AU9 29,251,000.00 0.0057016157 0 29,251,000.00 37.17 1
D 125714AV7 17,072,000.00 0.0057016161 0 17,072,000.00 21.69 1
E 125714AW5 1,897,000.00 0.0057016183 0 1,897,000.00 2.41 1
F 125714AX3 10,300,365.00 0.0057016154 0 10,300,365.00 13.09 1
R 125714AY1 1,000.00 0.0057 0 1,000.00 0.00 1
1993-2E 12/25/97 317,870,015.00 190,355,849.89
- -----------------------------------------------------------------------
15A 125714BE4 6.75000 86,454,000.00 0.003073744 0.0132891636 46,093,314.47 24.21 0.5331542146
15B 125714BF1 6.75000 9,494,478.45 0.0030737445 0.0132891645 5,062,021.18 2.66 0.5331542377
15CPO 125714BG9 0.00000 1,972,695.84 0 0.0036422388 1,243,989.95 0.65 0.6306039805
15DIO 125714BH7 5,911.86 0.8221481732 0.0205835589 2,957.24 0.00 0.5002097429
30A 125714BT1 29,444,000.00
30B 125714BL8 9,738,000.00
30CIO 125714BM6 1.50000 0.00 0 0
30D 125714BU8 7.00000 922,000.00 0 0 0.02 0.00 0.0000000217
30E 125714BV6 7.00000 29,092,000.00 0.0044084387 0.0762331968 19,767,989.16 10.38 0.6794991462
30F 125714BW4 7.00000 11,747,000.00 0.0058333336 0 11,747,000.00 6.17 1
30G 125714BX2 7.00000 24,409,000.00 0.0058333332 0 24,409,000.00 12.82 1
30H 125714BY0 7.00000 21,450,000.00 0.0058333333 0 21,450,000.00 11.27 1
30I 125714BZ7 7.00000 13,542,000.00 0.0058333333 0 13,542,000.00 7.11 1
30J 125714CA1 40,256,000.00 0.0039851133 0 32,403,578.22 17.02 0.8049378532
30K 125714CB9 17,252,571.43 0.006352972 0 13,887,247.79 7.30 0.8049378722
30NIO 125714BR5 0.00 0.0000860548 0
30PPO 125714BS3 0.00000 1,089,658.82 0 0.0098652606 746,751.86 0.39 0.685307844
1993-2F 12/25/97 222,866,291.00 61,675,082.50
- -----------------------------------------------------------------------
A 125714BJ3 222,866,000.00 0.0017791868 0.0100772444 61,675,082.50 100.00 0.2767361666
</TABLE>
Page 2 of 4
<PAGE> 3
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS DECEMBER 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>
1993-2G 12/25/97 246,780,547.00 173,555,617.87
- -----------------------------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.0027243375 0.0124151482 26,114,457.18 15.05 0.4423779845
2G-A2 125714CS2 27,342,000.00 0.0025137232 0.0047302213 11,344,293.92 6.54 0.4149035886
2G-A3 125714CT0 25,200,000.00 0.0005520833 0.0159243944 2,433,971.57 1.40 0.0965861734
2G-A4 125714CU7 15,000,000.00 0.0056569447 0 15,000,000.00 8.64 1
2G-A5 125714A#2 100,190,000.00 0.0059902784 0 100,190,000.00 57.73 1
2G-B1 125714A@4 4,936,000.00 0.0057177998 0.0011729862 4,705,686.61 2.71 0.953340075
2G-B2 125714B#1 3,701,000.00 0.0057177979 0.0011729857 3,528,311.61 2.03 0.953340073
2G-B3 125714B*5 1,481,000.00 0.0057177988 0.0011729845 1,411,896.65 0.81 0.9533400743
2G-B4 125714B@3 740,000.00 0.0057177973 0.0011729865 705,471.67 0.41 0.9533400946
2G-B5 125714C#0 1,481,547.00 0.0043071263 0.0008835629 1,063,952.31 0.61 0.7181360497
2G-M 125714A*6 7,403,000.00 0.0057177982 0.0011729866 7,057,576.35 4.07 0.9533400446
2GA3IO 125714CP8 0.00 0.0001218865 0
2GA4IO 125714CQ6 0.00 0.0003333333 0
1993-2H 12/25/97 315,871,665.00 84,256,526.20
- -----------------------------------------------------------------------
2H-A1 125714CG8 180,386,000.00 0.0017359054 0.0086162926 48,116,686.00 57.11 0.2667429069
2H-A2 125714CH6 125,000,000.00 0.0018815225 0.009339073 36,139,840.20 42.89 0.2891187216
2H-A3 125714CJ2 10,485,000.00
1993-2I 12/25/97 367,955,786.00 118,807,356.82
- -----------------------------------------------------------------------
2I-3IO 125714CL7 0.00 0.0001270306 0
2I-A1 125714CE3 237,519,000.00 0.0022569167 0.0118812204 79,784,776.13 67.15 0.3359090268
2I-A2 125714CD5 130,435,853.00 0.0018468842 0.0057027465 39,022,580.69 32.85 0.2991706635
1995-A 12/25/97 176,490,904.00 77,120,846.43
- -----------------------------------------------------------------------
A1 125714CV5 82,117,691.00 0.0031557168 0.015903235 38,377,241.87 49.76 0.4673443859
A2 125714CW3 94,373,113.00 0.0027909204 0.0373485981 38,743,604.56 50.24 0.4105364688
R 125714CX1 100.00
</TABLE>
Page 3 of 4
<PAGE> 4
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS DECEMBER 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>
1996-A 12/25/97 115,119,131.00 61,038,421.97
- -----------------------------------------------------------------------
A 125714CY9 115,119,031.00 0.0034361225 0.0229763467 61,038,421.97 100.00 0.5302200812
R 125714CZ6 100.00
1996-B 12/25/97 207,490,355.00 134,977,307.28
- -----------------------------------------------------------------------
A1 125714DA0 0.00000 41,914,009.00 0.0039874692 0.0359348966 24,256,193.73 17.97 0.5787132825
A2 125714DB8 0.00000 165,576,246.00 0.004302153 0.0176714427 110,721,113.55 82.03 0.6687016781
R 125714DC6 100.00
1996-C 12/25/97 266,806,262.00 126,575,056.07
- -----------------------------------------------------------------------
A 125714DD4 0.00000 266,806,062.00 0.0024914914 0.0207947909 126,575,056.07 100.00 0.4744084715
R N/A 100.00
X N/A 100.00
</TABLE>
Page 4 of 4
