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Previous: KLS ENVIRO RESOURCES INC, 10KSB, 1998-01-13 |
Next: WHIPPOORWILL ASSOCIATES INC /ADV, 4, 1998-01-13 |
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: November 25, 1997
(Date of Earliest Event Reported)
CMC SECURITIES CORPORATION II
------------------------------------------------------
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 33-56778 75-2473215
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
2711 North Haskell
Suite 900
Dallas, Texas 75204
--------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (214) 874-2323
--------------
<PAGE>
CMC SECURITIES CORPORATION II
FORM 8-K
INDEX
<TABLE>
<CAPTION>
Page
----
ITEM NUMBER
<S> <C> <C>
Item 5. Other Events....................... 3
Item 7. Financial Statements and Exhibits.. 3
SIGNATURES......................................... 3
</TABLE>
<PAGE>
ITEM 5. OTHER EVENTS.
Monthly distributions of principal and interest are made with respect to the
outstanding Series of CMC Securities Corporation II's REMIC Pass-Through
Certificates listed below as of the 25th day of each calendar month (each, a
"Distribution Date"). In connection with each Distribution Date for each
outstanding Series, the Trustee receives a report (each, a "Collateral Summary
and Remittance Report") containing certain information regarding remittances on
the collateral underlying the related Certificates. Based on such information,
the Trustee is required to prepare and mail to each Certificateholder of each
outstanding Series on each Distribution Date a statement to certificateholders
(each, a "Statement to Certificateholders") setting forth certain information
regarding the Certificates of such Series as of such Distribution Date.
Relevant information contained in the Collateral Summary and Remittance Report
and Statement to Certificateholders for the November 25, 1997 Distribution Date
for each outstanding Series is summarized and included as Exhibits to this
filing. Capitalized terms used herein but not otherwise defined have the
meanings set forth in the applicable Pooling Agreement.
<TABLE>
<CAPTION>
Series Designation Distribution of Principal and Interest on Series
------------------ ------------------------------------------------
<S> <C>
Series 1993-2A 812,199.60
Series 1993-2B 1,098,116.26
Series 1993-2C 2,462,075.64
Series 1993-2D 2,425,751.29
Series 1993-2E 3,150,384.35
Series 1993-2F 1,976,979.06
Series 1993-2G 3,611,186.80
Series 1993-2H 3,070,141.91
Series 1993-2I 5,891,220.32
Series 1995-A 3,556,798.54
Series 1996-A 1,650,572.79
Series 1996-B 6,454,505.09
Series 1996-C 8,498,128.67
</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
January 8, 1998 By: s/s Phillip A. Reinsch
-----------------------------------
Phillip A. Reinsch - Vice President
<PAGE>
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-NOV-97
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2A 93-2B 93-2C
--------------- --------------- ----------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 61,197,936.58 $ 52,485,296.00 $ 122,775,870.28
Loans Repurchased - - -
Scheduled Principal Distribution 66,599.48 53,262.66 144,698.05
Additional Principal Distribution 17,678.07 2,436.39 117,359.01
Liquidations Distribution 342,639.70 702,866.32 1,446,305.99
Accelerated Prepayments - - -
Adjustments (Cash) - - -
Losses/Foreclosures - - -
Special Hazard Account - - -
--------------- --------------- ----------------
Ending Security Balance $ 60,771,019.33 $ 51,726,730.63 $ 121,067,507.23
=============== =============== ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 384,268.79 $ 339,550.89 $ 751,347.39
Compensating Interest 1,013.56 - 2,365.20
Trustee Fee (Tx. Com. Bk.) 688.48 656.09 1,534.70
Pool Insurance Premium (PMI Mtg. Ins.) - - -
Pool Insurance (GE Mort. Ins.) 14,809.90 15,063.30 -
Pool Insurance (United Guaranty Ins.) - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - -
Special Hazard Insurance (Comm. and Ind.) 2,906.90 1,570.25 -
Bond Manager Fee (Capstead) 968.97 874.76 1,534.70
Excess Compensating Interest (Capstead) - 2,811.49 -
Administrative Fee (Capstead) 1,657.47 (3.63) 5,115.68
Administrative Fee (Other) - - -
Excess-Fees - - -
Special Hazard Insurance (Aetna Casualty) - - -
Other - (70.46) -
--------------- --------------- ----------------
Total Fees 21,031.72 20,901.80 8,185.08
--------------- --------------- ----------------
Servicing Fee 20,569.71 16,331.54 32,458.37
Interest on Accelerated Prepayments - - -
--------------- --------------- ----------------
Total Interest Distribution $ 426,883.78 $ 376,784.23 $ 794,356.04
=============== =============== ================
LOAN COUNT 226 183 442
WEIGHTED AVERAGE PASS-THROUGH RATE 7.5548106 7.847613 7.36671714
<CAPTION>
DEAL REFERENCE 93-2D 93-2E.A 93-2E.B
--------------- --------------- ----------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 82,229,955.38 $ 54,972,973.95 $ 140,899,723.27
Loans Repurchased - - -
Scheduled Principal Distribution 474,811.44 306,486.97 158,451.37
Additional Principal Distribution 199,769.97 38,968.79 48,480.98
Liquidations Distribution 1,282,221.54 943,599.55 510,697.23
Accelerated Prepayments - - -
Adjustments (Cash) - - -
Losses/Foreclosures - - -
Special Hazard Account - - -
--------------- ---------------- ----------------
Ending Security Balance $ 80,273,152.43 $ 53,683,918.64 $ 140,182,093.69
=============== ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 468,262.29 $ 306,572.86 $ 836,329.40
Compensating Interest 685.81 486.20 311.00
Trustee Fee (Tx. Com. Bk.) 1,027.87 595.54 1,526.41
Pool Insurance Premium (PMI Mtg. Ins.) - 12,094.05 30,997.94
Pool Insurance (GE Mort. Ins.) 13,239.02 - -
Pool Insurance (United Guaranty Ins.) - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - -
Special Hazard Insurance (Comm. and Ind.) - - -
Bond Manager Fee (Capstead) 1,199.19 687.16 1,761.25
Excess Compensating Interest (Capstead) - - -
Administrative Fee (Capstead) 2,569.72 1,947.04 4,990.34
Administrative Fee (Other) - - -
Excess-Fees - - -
Special Hazard Insurance (Aetna Casualty) - - -
Other - - -
--------------- --------------- -----------------
Total Fees 18,035.80 15,323.79 39,275.94
--------------- --------------- -----------------
Servicing Fee 23,366.16 15,655.67 37,292.16
Interest on Accelerated Prepayments - - -
--------------- --------------- -----------------
Total Interest Distribution $ 510,350.06 $ 338,038.52 $ 913,208.50
=============== =============== =================
LOAN COUNT 336 222 477
WEIGHTED AVERAGE PASS-THROUGH RATE 6.843463765 6.702764022 7.125411297
</TABLE>
Page 1 of 4
<PAGE>
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-NOV-97
EXHIBIT 28.1
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2F 93-2G 93-2H.1 93-2H.2
--------------- --------------- --------------- ---------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $65,487,806.00 $177,389,648.84 $ 57,201,176.39 $ 32,278,749.00
Loans Repurchased - - - -
Scheduled Principal Distribution 69,070.81 215,376.48 56,369.39 30,527.63
Additional Principal Distribution 6,274.83 70,095.61 68,284.91 3,015.71
Liquidations Distribution 1,491,506.58 2,262,319.33 1,061,857.12 1,281,702.24
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- --------------- --------------- ---------------
Ending Security Balance $63,920,953.78 $174,841,857.42 $ 56,014,664.97 $ 30,963,503.42
============== =============== =============== ===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 410,126.69 $ 1,061,180.49 $ 362,394.81 $ 205,989.81
Compensating Interest - 2,214.89 - -
Trustee Fee (Tx. Com. Bk.) 818.63 1,995.63 715.02 403.41
Pool Insurance Premium (PMI Mtg. Ins.) 18,794.96 - - -
Pool Insurance (GE Mort. Ins.) - - 16,815.15 9,264.06
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - - -
Special Hazard Insurance (Comm. and Ind.) 1,959.10 - - -
Bond Manager Fee (Capstead) 1,091.46 2,217.37 - 1,491.33
Excess Compensating Interest (Capstead) 2,929.16 - 1,322.55 3,853.10
Administrative Fee (Capstead) 0.44 7,391.37 2,383.42 268.62
Administrative Fee (Other) - - - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) - - 1,482.47 965.69
Other 0.02 - - 0.02
-------------- --------------- --------------- ---------------
Total Fees 25,593.77 11,604.37 22,720.61 16,246.23
-------------- --------------- --------------- ---------------
Servicing Fee 20,848.47 44,777.56 17,875.41 10,763.86
Interest on Accelerated Prepayments - - - -
-------------- --------------- --------------- ---------------
Total Interest Distribution $ 456,568.93 $ 1,119,777.31 $ 402,990.83 $ 232,999.90
============== =============== =============== ===============
LOAN COUNT 228 634 204 105
WEIGHTED AVERAGE PASS-THROUGH RATE 7.588841 7.193624117 7.602531966 7.11918
<CAPTION>
DEAL REFERENCE 93-2I 93-2I.1
---------------- ---------------
<S> <C> <C>
BEGINNING SECURITY BALANCE $ 43,705,004.88 $ 40,615,762.90
Loans Repurchased - -
Scheduled Principal Distribution 44,986.79 37,567.36
Additional Principal Distribution 3,203.80 62,235.86
Liquidations Distribution 2,223,800.94 749,536.35
Accelerated Prepayments -
Adjustments (Cash) 10.91 -
Losses/Foreclosures 702,116.71 -
Special Hazard Account - -
---------------- ---------------
Ending Security Balance $ 40,730,885.73 $ 39,766,423.33
================ ===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 285,016.11 $ 264,677.78
Compensating Interest - -
Trustee Fee (Tx. Com. Bk.) 546.33 507.69
Pool Insurance Premium (PMI Mtg. Ins.) - -
Pool Insurance (GE Mort. Ins.) 12,426.82 11,941.03
Pool Insurance (United Guaranty Ins.) - -
Backup for Pool Insurance (Fin. Sec. Assur.) - -
Special Hazard Insurance (Comm. and Ind.) - -
Bond Manager Fee (Capstead) 2,123.89 -
Excess Compensating Interest (Capstead) - 1,508.96
Administrative Fee (Capstead) 287.34 1,692.25
Administrative Fee (Other) - -
Excess-Fees (80.58) -
Special Hazard Insurance (Aetna Casualty) 1,307.54 1,052.63
Other - -
------------- --------------
Total Fees 16,611.34 16,702.56
------------- --------------
Servicing Fee 13,657.82 12,692.37
Interest on Accelerated Prepayments - -
------------- --------------
Total Interest Distribution $ 315,285.27 $ 294,072.71
============= ==============
LOAN COUNT 161 162
WEIGHTED AVERAGE PASS-THROUGH RATE 7.875519 7.819952485
</TABLE>
Page 2 of 4
<PAGE>
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-NOV-97
EXHIBIT 28.1
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2I.2 1995-A 1996-A 1996-B
--------------- --------------- --------------- ---------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $43,112,450.67 $84,964,329.97 $64,921,205.23 $144,944,990.37
Loans Repurchased - - - -
Scheduled Principal Distribution 38,904.03 72,028.86 63,406.74 135,280.97
Additional Principal Distribution 1,702.29 64,920.33 13,817.04 27,959.50
Liquidations Distribution 1,195,938.49 2,875,892.92 1,160,543.84 5,372,294.81
Accelerated Prepayments - - - -
Adjustments (Cash) - - - -
Losses/Foreclosures - - - -
Special Hazard Account - - - -
-------------- -------------- -------------- ---------------
Ending Security Balance $41,875,905.86 $81,951,487.86 $63,683,437.61 $139,409,455.09
============== ============== ============== ===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 281,522.49 $ 543,956.44 $ 412,805.18 $ 918,969.80
Compensating Interest - - - -
Trustee Fee (Tx. Com. Bk.) 538.91 708.03 811.51 1,811.81
Pool Insurance Premium (PMI Mtg. Ins.) 12,441.53 - - 39,171.38
Pool Insurance (GE Mort. Ins.) - 31,861.62 18,697.31 -
Pool Insurance (United Guaranty Ins.) - - - -
Backup for Pool Insurance (Fin. Sec. Assur.) 2,093.87 - - 3,514.86
Special Hazard Insurance (Comm. and Ind.) - - - -
Bond Manager Fee (Capstead) - - - -
Excess Compensating Interest (Capstead) 1,486.40 5,956.73 773.55 8,734.01
Administrative Fee (Capstead) 1,796.32 2,282.56 2,705.08 6,039.40
Administrative Fee (Other) - - - -
Excess-Fees - - - -
Special Hazard Insurance (Aetna Casualty) 1,289.78 1,947.10 1,487.78 4,191.32
Other - - - -
-------------- -------------- -------------- ---------------
Total Fees 19,646.81 42,756.04 24,475.23 63,462.78
-------------- -------------- -------------- ---------------
Servicing Fee 13,472.68 26,551.50 18,122.15 42,360.86
Interest on Accelerated Prepayments - - - -
-------------- -------------- -------------- ---------------
Total Interest Distribution $ 314,641.98 $ 613,263.98 $ 455,402.56 $ 1,024,793.44
============== ============== ============== ===============
LOAN COUNT 172 372 229 484
WEIGHTED AVERAGE PASS-THROUGH RATE 7.83594954 7.682609022 7.630268327 7.608153667
<CAPTION>
DEAL REFERENCE 1996-C.1 1996-C.2
--------------- ---------------
<S> <C> <C>
BEGINNING SECURITY BALANCE $32,999,671.80 $55,408,614.15
Loans Repurchased - -
Scheduled Principal Distribution 27,507.61 48,416.27
Additional Principal Distribution 4,826.75 14,313.16
Liquidations Distribution 1,572,217.77 3,185,279.53
Accelerated Prepayments - -
Adjustments (Cash) - -
Losses/Foreclosures - -
Special Hazard Account - -
-------------- --------------
Ending Security Balance $31,395,119.67 $52,160,605.19
============== ==============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 212,053.93 $ 367,748.14
Compensating Interest - 609.04
Trustee Fee (Tx. Com. Bk.) 412.50 461.74
Pool Insurance Premium (PMI Mtg. Ins.) - -
Pool Insurance (GE Mort. Ins.) 9,503.91 -
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) 4,553.99 -
Administrative Fee (Capstead) 1,650.00 955.38
Administrative Fee (Other) - 1,154.33
Excess-Fees - -
Special Hazard Insurance (Aetna Casualty) 756.24 -
Other - -
-------------- --------------
Total Fees 16,876.64 2,571.45
-------------- --------------
Servicing Fee 10,312.44 13,143.14
Interest on Accelerated Prepayments - -
-------------- --------------
Total Interest Distribution $ 239,243.01 $ 384,071.77
============== ==============
LOAN COUNT 131 230
WEIGHTED AVERAGE PASS-THROUGH RATE 7.711128691 7.977615444
</TABLE>
Page 3 of 4
<PAGE>
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-NOV-97
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-C.3
--------------
<S> <C>
BEGINNING SECURITY BALANCE $53,345,331.71
Loans Repurchased -
Scheduled Principal Distribution 42,671.12
Additional Principal Distribution 68,544.84
Liquidations Distribution 2,623,387.72
Accelerated Prepayments -
Adjustments (Cash) -
Losses/Foreclosures -
Special Hazard Account -
--------------
Ending Security Balance $50,610,728.03
==============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 330,552.79
Compensating Interest -
Trustee Fee (Tx. Com. Bk.) 444.54
Pool Insurance Premium (PMI Mtg. Ins.) -
Pool Insurance (GE Mort. Ins.) -
Pool Insurance (United Guaranty Ins.) 19,871.13
Backup for Pool Insurance (Fin. Sec. Assur.) -
Special Hazard Insurance (Comm. and Ind.) -
Bond Manager Fee (Capstead) 12,819.47
Excess Compensating Interest (Capstead) 5,890.56
Administrative Fee (Capstead) 2,123.37
Administrative Fee (Other) -
Excess-Fees -
Special Hazard Insurance (Aetna Casualty) 1,542.57
Other -
--------------
Total Fees 42,691.64
--------------
Servicing Fee 16,670.37
Interest on Accelerated Prepayments -
--------------
Total Interest Distribution $ 389,914.80
==============
LOAN COUNT 223
WEIGHTED AVERAGE PASS-THROUGH RATE 7.724138
</TABLE>
Page 4 of 4
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS NOVEMBER 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
- -------------------------------------------------------------------------------------------------------------------------
1993-2A 11/25/97 149,572,077.00 60,771,017.41
- ----------------------------------------------------
<S> <C> <C> <C> <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 0.005188612 0.0133852178 24,222,959.38 39.86 0.8454194953
F 125714AG0 7.25000 10,692,000.00 0.0060416667 0 10,692,000.00 17.59 1
G 125714AH8 7.25000 16,410,000.00 0.0060416667 0 16,410,000.00 27.00 1
H 125714AJ4 7.25000 3,006,000.00 0.0060416667 0 3,006,000.00 4.95 1
I 125714AF2 7.25000 12,057,000.00 0.0016130737 0.003541011 3,176,422.86 5.23 0.2634505151
J 125714AK1 7.25000 2,901,000.00 0.0060416684 0 2,901,000.00 4.77 1
KPO 125714AM7 0.00000 772,949.00 0 0.0009185858 362,507.17 0.60 0.4689923527
LIO 125714AN5 0.00 0.0001186001 0
R 125714AL9 7.25000 128.00 0.006015625 0 128.00 0.00 1
1993-2B 11/25/97 189,529,970.00 51,726,736.42
- ----------------------------------------------------
2B-A 125714AP0 189,529,000.00 0.0017915511 0.004002371 51,726,736.42 100.00 0.2729225418
1993-2C 11/25/97 207,040,201.00 121,067,473.59
- ----------------------------------------------------
A-2 125714BB0 6.50000 27,680,000.00 0.0012321387 0.0157140827 5,861,453.44 4.84 0.211757711
A-3 125714BC8 10,312,000.00 0.0018374428 0.015714072 2,183,647.05 1.80 0.2117578598
A-4 125714BD6 33,521,000.00 0.0029027207 0.032664345 14,755,066.44 12.19 0.4401738146
A-5 000005CQR 84,357,000.00 0.0061389309 0 84,357,000.00 69.68 1
A-R 125714AZ8 1,000.00 0.00614 0 1,000.00 0.00 1
B-1 000007CQR 5,694,392.00 0.005862157 0.001125481 5,431,252.00 4.49 0.9537896232
B-2 000008CQR 3,623,203.00 0.0058621943 0.0011254269 3,455,795.32 2.85 0.9537956664
B-3 000009CQR 2,588,003.00 0.0058621957 0.0011254276 2,468,426.05 2.04 0.9537956679
B-4 000010CQR 1,345,761.00 0.0058621925 0.0011254301 1,283,580.99 1.06 0.9537956517
B-5 000011CQR 621,120.00 0.0058622005 0.0011254186 592,421.56 0.49 0.9537956595
B-6 000012CQR 1,138,722.00 0.0036584346 0.0007023663 677,830.74 0.56 0.5952556814
</TABLE>
Page 1 of 4
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS NOVEMBER 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
- -------------------------------------------------------------------------------------------------------------------------
1993-2D 11/25/97 175,093,365.00 80,273,152.01
- ----------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.0012714895 0.0184017915 5,472,627.77 6.82 0.2045536282
B 125714AT2 39,792,000.00 0.0025429727 0.036803419 16,279,159.24 20.28 0.4091063339
C 125714AU9 29,251,000.00 0.0057028867 0 29,251,000.00 36.44 1
D 125714AV7 17,072,000.00 0.0057028866 0 17,072,000.00 21.27 1
E 125714AW5 1,897,000.00 0.0057028888 0 1,897,000.00 2.36 1
F 125714AX3 10,300,365.00 0.0057028863 0 10,300,365.00 12.83 1
R 125714AY1 1,000.00 0.0057 0 1,000.00 0.00 1
1993-2E 11/25/97 317,870,015.00 193,866,635.88
- ----------------------------------------------------
15A 125714BE4 6.75000 86,454,000.00 0.0031476219 0.0131338352 47,242,215.82 24.37 0.5464433782
15B 125714BF1 6.75000 9,494,478.45 0.0031476222 0.0131338363 5,188,194.86 2.68 0.5464434022
15CPO 125714BG9 0.00000 1,972,695.84 0 0.0145982959 1,251,174.98 0.65 0.6342462194
15DIO 125714BH7 5,911.86 0.8523900541 0.0145162382 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 0.0045521329 0.0246333126 21,985,765.32 11.34 0.7557323429
30F 125714BW4 7.00000 11,747,000.00 0.0058333336 0 11,747,000.00 6.06 1
30G 125714BX2 7.00000 24,409,000.00 0.0058333332 0 24,409,000.00 12.59 1
30H 125714BY0 7.00000 21,450,000.00 0.0058333333 0 21,450,000.00 11.06 1
30I 125714BZ7 7.00000 13,542,000.00 0.0058333333 0 13,542,000.00 6.99 1
30J 125714CA1 40,256,000.00 0.0039602941 0 32,403,578.22 16.71 0.8049378532
30K 125714CB9 17,252,571.43 0.0064106596 0 13,887,247.79 7.16 0.8049378722
30NIO 125714BR5 0.00 0.0000870682 0
30PPO 125714BS3 0.00000 1,089,658.82 0 0.0009157544 757,501.63 0.39 0.6951731046
</TABLE>
Page 2 of 4
<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS NOVEMBER 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
- -------------------------------------------------------------------------------------------------------------------------
1993-2F 11/25/97 222,866,291.00 63,920,957.65
- ----------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 125714BJ3 222,866,000.00 0.0018402389 0.0070304684 63,920,957.65 100.00 0.286813411
1993-2G 11/25/97 246,780,547.00 174,841,866.29
- ----------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.0028750903 0.0248132864 26,847,348.21 15.36 0.4547931327
2G-A2 125714CS2 27,342,000.00 0.0025722467 0.0094539617 11,473,627.63 6.56 0.4196338099
2G-A3 125714CT0 25,200,000.00 0.0007088925 0.0318269702 2,835,266.31 1.62 0.1125105679
2G-A4 125714CU7 15,000,000.00 0.0056613533 0 15,000,000.00 8.58 1
2G-A5 125714A#2 100,190,000.00 0.0059946867 0 100,190,000.00 57.30 1
2G-B1 125714A@4 4,936,000.00 0.0057289627 0.0011603241 4,711,476.47 2.69 0.9545130612
2G-B2 125714B#1 3,701,000.00 0.0057289624 0.0011603242 3,532,652.83 2.02 0.9545130586
2G-B3 125714B*5 1,481,000.00 0.0057289602 0.0011603241 1,413,633.84 0.81 0.9545130587
2G-B4 125714B@3 740,000.00 0.0057289595 0.0011603243 706,339.68 0.40 0.9545130811
2G-B5 125714C#0 1,481,547.00 0.0043155364 0.0008740323 1,065,261.35 0.61 0.7190196126
2G-M 125714A*6 7,403,000.00 0.0057289626 0.0011603242 7,066,259.97 4.04 0.9545130312
2GA3IO 125714CP8 0.00 0.0001563655 0
2GA4IO 125714CQ6 0.00 0.0003333333 0
1993-2H 11/25/97 315,871,665.00 86,978,168.88
- ----------------------------------------------------
2H-A1 125714CG8 180,386,000.00 0.0017994163 0.00792017 49,670,944.55 57.11 0.2753591994
2H-A2 125714CH6 125,000,000.00 0.0019503609 0 .008584556 37,307,224.33 42.89 0.2984577946
2H-A3 125714CJ2 10,485,000.00
1993-2I 11/25/97 367,955,786.00 122,373,215.02
- ----------------------------------------------------
2I-3IO 125714CL7 0.00 0.0001297437 0
2I-A1 125714CE3 237,519,000.00 0.0023880847 0.0177276933 82,606,791.73 67.50 0.3477902472
2I-A2 125714CD5 130,435,853.00 0.0018942466 0.0065115528 39,766,423.29 32.50 0.30487341
</TABLE>
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<PAGE>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS NOVEMBER 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>
1995-A 11/25/97 176,490,904.00 81,951,486.84
- ----------------------------------------------------
A1 125714CV5 82,117,691.00 0.0032339281 0.0147776201 39,683,178.81 48.42 0.4832476209
A2 125714CW3 94,373,113.00 0.002949926 0.0190662151 42,268,308.03 51.58 0.4478850669
R 125714CX1 100.00
1996-A 11/25/97 115,119,131.00 63,683,436.74
- ----------------------------------------------------
A 125714CY9 115,119,031.00 0.0035858985 0.0107520677 63,683,436.74 100.00 0.553196428
R 125714CZ6 100.00
1996-B 11/25/97 207,490,355.00 139,409,454.00
- ----------------------------------------------------
A1 125714DA0 0.00000 41,914,009.00 0.004223945 0.0325934126 25,762,369.31 18.48 0.6146481791
A2 125714DB8 0.00000 165,576,246.00 0.0044808801 0.0251812372 113,647,084.69 81.52 0.6863731208
R 125714DC6 100.00
1996-C 11/25/97 266,806,262.00 132,123,232.33
- ----------------------------------------------------
A 125714DD4 0.00000 266,806,062.00 0.0025492706 0.0289560385 132,123,232.33 100.00 0.4952032624
R N/A 100.00
X N/A 100.00
</TABLE>
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