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Previous: GENERAL GROWTH PROPERTIES INC, 8-K/A, 1998-11-05 |
Next: GILAT SATELLITE NETWORKS LTD, SC 13G/A, 1998-11-05 |
<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: SEPTEMBER 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>
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 September 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 $2,078,410.68
Series 1993-2B $3,074,083.33
Series 1993-2C $2,916,832.39
Series 1993-2D $1,891,967.33
Series 1993-2E $4,701,194.41
Series 1993-2F $836,401.44
Series 1993-2G $4,258,373.63
Series 1993-2H $3,401,171.61
Series 1993-2I $3,389,970.15
Series 1995-A $3,638,828.71
Series 1996-A $1,479,618.71
Series 1996-B $4,115,049.04
Series 1996-C $4,946,688.13
</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
November 3, 1998 By: /s/ Phillip A. Reinsch
------------------------------------------
Phillip A. Reinsch - Senior Vice President
<PAGE> 4
EXHIBIT INDEX
<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 EXHIBIT 28.1
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-SEP-98
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2A 93-2B 93-2C 93-2D
---------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 46,143,152.77 $ 35,828,047.00 $ 102,313,045.14 $ 65,601,369.14
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 55,700.18 38,737.94 134,506.44 434,574.38
Additional Principal Distribution 9,147.35 13,808.20 37,098.26 69,077.55
Liquidations Distribution 1,723,094.80 2,797,807.29 2,118,237.54 1,015,682.25
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 44,355,210.44 $ 32,977,693.57 $ 100,023,202.90 $ 64,082,034.96
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 288,626.26 $ 223,729.90 $ 623,310.87 $ 369,740.70
Compensating Interest 1,842.09 -- 3,679.28 2,892.45
Trustee Fee (Tx. Com. Bk.) 519.11 444.98 1,278.91 820.02
Pool Insurance Premium (PMI Mtg. Ins.) -- -- -- --
Pool Insurance (GE Mort. Ins.) 11,166.64 10,218.16 -- 10,561.82
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) 2,191.80 1,065.14 -- --
Bond Manager Fee (Capstead) 730.60 597.13 1,278.91 956.69
Excess Compensating Interest (Capstead) -- 3,580.25 -- --
Administrative Fee (Capstead) 1,249.72 0.09 4,263.03 2,050.05
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- -- --
Other -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Fees 15,857.87 15,905.75 6,820.85 14,388.58
---------------- ---------------- ---------------- ----------------
Servicing Fee 15,101.24 11,126.13 26,332.51 18,409.32
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 321,427.46 $ 250,761.78 $ 660,143.51 $ 405,431.05
================ ================ ================ ================
LOAN COUNT 173 127 379 287
WEIGHTED AVERAGE PASS-THROUGH RATE 7.553927269 7.633362 7.353785424 6.816317797
</TABLE>
<PAGE> 2
CAPSTEAD MORTGAGE CORPORATION EXHIBIT 28.1
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-SEP-98
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2E.A 93-2E.B 93-2F 93-2G
---------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 43,590,011.57 $ 117,988,653.64 $ 44,886,283.00 $ 154,214,899.23
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 280,035.52 147,056.96 53,244.57 205,377.23
Additional Principal Distribution 20,293.08 25,557.96 2,829.11 52,831.58
Liquidations Distribution 857,239.91 2,428,205.45 504,228.09 3,077,748.99
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- 118,091.09
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 42,432,443.06 $ 115,387,833.27 $ 44,325,981.23 $ 150,760,850.34
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 241,947.70 $ 695,359.65 $ 276,099.73 $ 913,924.42
Compensating Interest 1,073.16 4,425.02 -- 8,491.41
Trustee Fee (Tx. Com. Bk.) 472.23 1,278.21 561.05 1,734.92
Pool Insurance Premium (PMI Mtg. Ins.) 9,589.80 25,957.50 12,882.31 --
Pool Insurance (GE Mort. Ins.) -- -- -- --
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- 1,342.80 --
Bond Manager Fee (Capstead) 544.88 1,474.86 748.10 1,927.69
Excess Compensating Interest (Capstead) -- -- 2,254.99 --
Administrative Fee (Capstead) 1,543.86 4,178.97 0.15 6,425.76
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- -- --
Other -- -- (0.06) --
---------------- ---------------- ---------------- ----------------
Total Fees 12,150.77 32,889.54 17,789.34 10,088.37
---------------- ---------------- ---------------- ----------------
Servicing Fee 12,273.54 30,673.63 14,405.69 38,151.33
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 267,445.17 $ 763,347.84 $ 308,294.76 $ 970,655.53
================ ================ ================ ================
LOAN COUNT 192 404 157 560
WEIGHTED AVERAGE PASS-THROUGH RATE 6.690180193 7.117138624 7.461589 7.177639784
</TABLE>
<PAGE> 3
CAPSTEAD MORTGAGE CORPORATION EXHIBIT 28.1
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-SEP-98
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2H.1 93-2H.2 93-2I 93-2I.1
---------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 33,043,996.49 $ 23,840,322.00 $ 27,191,639.36 $ 24,416,567.68
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 36,533.65 27,368.14 29,104.38 25,397.25
Additional Principal Distribution 14,810.68 6,249.22 (2,234.15) 703.82
Liquidations Distribution 1,697,428.94 1,274,496.41 739,832.90 1,308,645.89
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- (3,143.50) --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 31,295,223.22 $ 22,532,208.23 $ 26,428,079.73 $ 23,081,820.72
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 199,938.52 $ 144,346.16 $ 171,223.05 $ 152,404.46
Compensating Interest -- -- -- --
Trustee Fee (Tx. Com. Bk.) 413.05 298.04 339.92 305.21
Pool Insurance Premium (PMI Mtg. Ins.) -- -- -- --
Pool Insurance (GE Mort. Ins.) 9,714.93 6,842.19 7,731.48 7,178.47
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) -- 948.07 1,360.20 --
Excess Compensating Interest (Capstead) 4,162.25 -- 1,889.73 3,418.64
Administrative Fee (Capstead) 1,376.90 229.00 169.23 1,017.36
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) 856.39 713.27 813.51 632.79
Other -- (0.11) (1.01) --
---------------- ---------------- ---------------- ----------------
Total Fees 16,523.52 9,030.46 12,303.06 12,552.47
---------------- ---------------- ---------------- ----------------
Servicing Fee 10,326.31 8,120.07 8,497.43 7,630.17
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 226,788.35 $ 161,496.69 $ 192,023.54 $ 172,587.10
================ ================ ================ ================
LOAN COUNT 127 75 107 101
WEIGHTED AVERAGE PASS-THROUGH RATE 7.260811327 7.370638 7.699659 7.490215431
</TABLE>
<PAGE> 4
CAPSTEAD MORTGAGE CORPORATION EXHIBIT 28.1
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-SEP-98
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2I.2 1995-A 1996-A 1996-B
---------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 30,003,899.00 $ 53,017,812.20 $ 43,201,083.64 $ 90,988,520.33
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 30,320.10 51,593.58 46,780.38 97,735.27
Additional Principal Distribution (546.53) 4,490.56 28,264.40 3,606.91
Liquidations Distribution 748,460.55 3,257,135.41 1,138,138.87 3,456,577.00
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 29,225,664.88 $ 49,704,592.65 $ 41,987,899.99 $ 87,430,601.15
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 189,802.95 $ 325,609.16 $ 266,435.07 $ 557,129.86
Compensating Interest -- -- -- --
Trustee Fee (Tx. Com. Bk.) 375.05 441.82 540.02 1,137.36
Pool Insurance Premium (PMI Mtg. Ins.) 8,658.62 -- -- 24,589.65
Pool Insurance (GE Mort. Ins.) -- 19,881.68 12,441.91 --
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) 1,534.82 -- -- 2,368.31
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) -- -- -- --
Excess Compensating Interest (Capstead) 2,142.63 8,508.22 3,209.94 6,713.69
Administrative Fee (Capstead) 1,250.14 1,378.61 1,800.09 3,791.29
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) 897.62 1,214.99 990.03 2,631.09
Other -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Fees 14,858.88 31,425.32 18,981.99 41,231.39
---------------- ---------------- ---------------- ----------------
Servicing Fee 9,376.23 16,568.10 12,037.05 26,659.11
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 214,038.06 $ 373,602.58 $ 297,454.11 $ 625,020.36
================ ================ ================ ================
LOAN COUNT 124 240 157 312
WEIGHTED AVERAGE PASS-THROUGH RATE 7.591131406 7.369806029 7.400788523 7.347694298
</TABLE>
<PAGE> 5
CAPSTEAD MORTGAGE CORPORATION EXHIBIT 28.1
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-SEP-98
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-C.1 1996-C.2 1996-C.3
---------------- ---------------- ----------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 17,299,586.65 $ 33,247,872.59 $ 31,118,076.81
Loans Repurchased -- -- --
Scheduled Principal Distribution 17,009.77 32,939.48 28,487.42
Additional Principal Distribution 8,125.57 98,310.67 56,604.90
Liquidations Distribution -- 2,027,200.41 2,167,739.76
Accelerated Prepayments -- -- --
Adjustments (Cash) -- -- --
Adjustments (Non-Cash) -- -- --
Losses/Foreclosures -- -- --
Special Hazard Account -- -- --
---------------- ---------------- ----------------
Ending Security Balance $ 17,274,451.31 $ 31,089,422.03 $ 28,865,244.73
================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 110,938.79 $ 214,170.82 $ 184,256.58
Compensating Interest -- 903.96 --
Trustee Fee (Tx. Com. Bk.) 216.25 277.07 259.32
Pool Insurance Premium (PMI Mtg. Ins.) -- -- --
Pool Insurance (GE Mort. Ins.) 4,982.28 -- --
Pool Insurance (United Guaranty Ins.) -- -- 11,591.49
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- --
Bond Manager Fee (Capstead) -- -- 7,298.54
Excess Compensating Interest (Capstead) -- 1,343.63 7,026.03
Administrative Fee (Capstead) 865.01 692.63 1,222.99
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) 396.44 -- 899.83
Other -- -- --
---------------- ---------------- ----------------
Total Fees 6,459.98 2,313.33 28,298.20
---------------- ---------------- ----------------
Servicing Fee 5,406.07 7,795.19 9,724.35
Interest on Accelerated Prepayments -- -- --
---------------- ---------------- ----------------
Total Interest Distribution $ 122,804.84 $ 225,183.30 $ 222,279.13
================ ================ ================
LOAN COUNT 73 143 136
WEIGHTED AVERAGE PASS-THROUGH RATE 7.695360051 7.762593992 7.386901
</TABLE>
<PAGE> 1
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS SEPTEMBER 1998 DISTRIBUTION
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLASS CUSIP NUMBER COUPON CLOSING BALANCE INTEREST PAID PRINCIPAL PAID
PER CLASS PER $1000 PER $1000
- ----------------------------------------------------------------------------------------------------------------------------
1993-2A 9/25/98 149,572,077.00 44,355,208.46
- -----------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A 125714AC9 34,791,000.00
D 125714AD7 8,535,000.00
E 125714AE5 7.25000 28,652,000.00 0.002343323 0.0561436322
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 0.0008586506 0.014829864
J 125714AK1 7.25000 2,901,000.00 0.0060416684 0
KPO 125714AM7 0.00000 772,949.00 0 0.0006615572
LIO 125714AN5 0.00 0.0000905551 0
R 125714AL9 7.25000 128.00 0.006015625 0
1993-2B 9/25/98 189,529,970.00 32,977,701.49
- -----------------------------------------------------------------------
2B-A 125714AP0 189,529,000.00 0.001180452 0.0150391414
1993-2C 9/25/98 207,040,201.00 100,023,202.34
- -----------------------------------------------------------------------
A-2 125714BB0 6.50000 27,680,000.00 0.0002151431 0.0202971499
A-3 125714BC8 10,312,000.00 0.0003192601 0.0202971354
A-4 125714BD6 33,521,000.00 0.0005059533 0.0421910152
A-5 000005CQR 84,357,000.00 0.0061281542 0
A-R 125714AZ8 1,000.00 0.00613 0
B-1 000007CQR 5,694,392.00 0.00577786 0.0071980837
B-2 000008CQR 3,623,203.00 0.0057778601 0.0071980814
B-3 000009CQR 2,588,003.00 0.0057778604 0.007198079
B-4 000010CQR 1,345,761.00 0.005777861 0.0071980835
B-5 000011CQR 621,120.00 0.005777869 0.0071980777
B-6 000012CQR 1,138,722.00 0.0032234382 0.0040157738
<CAPTION>
SERIES
CLASS CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- ---------------------------------------------------------------------------------
1993-2A
- -------------------
<S> <C> <C> <C>
A
D
E 9,504,346.74 21.43 0.3317166948
F 10,692,000.00 24.11 1
G 16,410,000.00 37.00 1
H 3,006,000.00 6.78 1
I 1,534,755.69 3.46 0.1272916721
J 2,901,000.00 6.54 1
KPO 306,978.03 0.69 0.3971517267
LIO
R 128.00 0.00 1
1993-2B
- -------------------
2B-A 32,977,701.49 100.00 0.1739981823
1993-2C
- -------------------
A-2 537,589.76 0.54 0.0194215954
A-3 200,278.51 0.20 0.0194218881
A-4 1,353,279.16 1.35 0.0403710856
A-5 84,357,000.00 84.34 1
A-R 1,000.00 0.00 1
B-1 5,327,903.32 5.33 0.9356404196
B-2 3,390,016.05 3.39 0.935640661
B-3 2,421,440.85 2.42 0.9356406658
B-4 1,259,148.70 1.26 0.9356406524
B-5 581,145.13 0.58 0.9356406652
B-6 594,400.86 0.59 0.5219894408
</TABLE>
<PAGE> 2
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS SEPTEMBER 1998 DISTRIBUTION
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLASS CUSIP NUMBER COUPON CLOSING BALANCE INTEREST PAID PRINCIPAL PAID
PER CLASS PER $1000 PER $1000
- ----------------------------------------------------------------------------------------------------------------------------
1993-2D 9/25/98 175,093,365.00 64,082,035.63
- -----------------------------------------------------------------------
<S> <C> <C> <C> <C>
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.0003781924 0.0142878299
B 125714AT2 39,792,000.00 0.0007563867 0.0285755318
C 125714AU9 29,251,000.00 0.0056802649 0
D 125714AV7 17,072,000.00 0.0056802648 0
E 125714AW5 1,897,000.00 0.0056802636 0
F 125714AX3 10,300,365.00 0.0056802647 0
R 125714AY1 1,000.00 0.00568 0
1993-2E 9/25/98 317,870,015.00 157,820,276.59
- -----------------------------------------------------------------------
15A 125714BE4 6.75000 86,454,000.00 0.0024937164 0.0119911386
15B 125714BF1 6.75000 9,494,478.45 0.0024937169 0.0119911395
15CPO 125714BG9 0.00000 1,972,695.84 0 0.0035456046
15DIO 125714BH7 5,911.86 0.633009134 0.0072023004
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 29,092,000.00
30F 125714BW4 7.00000 11,747,000.00 0.0057649442 0.2205555291
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 0.0039448664 0
30K 125714CB9 17,252,571.43 0.0064468815 0
30NIO 125714BR5 0.00 0.0000706016 0
30PPO 125714BS3 0.00000 1,089,658.82 0 0.0091341053
<CAPTION>
CLASS CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- ---------------------------------------------------------------------------------
1993-2D
- ------------------
<S> <C> <C> <C>
A
AB 1,399,027.05 2.18 0.0522922572
B 4,161,643.58 6.49 0.1045849311
C 29,251,000.00 45.65 1
D 17,072,000.00 26.64 1
E 1,897,000.00 2.96 1
F 10,300,365.00 16.07 1
R 1,000.00 0.00 1
1993-2E
- ------------------
15A 37,290,742.59 23.63 0.4313362319
15B 4,095,312.54 2.59 0.4313362504
15CPO 1,044,634.18 0.66 0.5295464582
15DIO 1,753.75 0.00 0.296642422
30A
30B
30CIO
30D 0.02 0.00 0.0000000217
30E
30F 9,018,413.66 5.71 0.7677205806
30G 24,409,000.00 15.47 1
30H 21,450,000.00 13.59 1
30I 13,542,000.00 8.58 1
30J 32,403,578.22 20.53 0.8049378532
30K 13,887,247.79 8.80 0.8049378722
30NIO
30PPO 677,593.84 0.43 0.6218402638
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS SEPTEMBER 1998 DISTRIBUTION
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLASS CUSIP NUMBER COUPON CLOSING BALANCE INTEREST PAID PRINCIPAL PAID
PER CLASS PER $1000 PER $1000
- -----------------------------------------------------------------------------------------------------------------------
1993-2F 9/25/98 222,866,291.00 44,325,987.95
- -----------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A 125714BJ3 222,866,000.00 0.0012388594 0.0025140744
1993-2G 9/25/98 246,780,547.00 150,760,859.62
- -----------------------------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.0015268034 0.0325407677
2G-A2 125714CS2 27,342,000.00 0.0020552626 0.0123981633
2G-A3 125714CT0 25,200,000.00
2G-A4 125714CU7 15,000,000.00 0.0042871427 0.0701210027
2G-A5 125714A#2 100,190,000.00 0.0059813667 0
2G-B1 125714A@4 4,936,000.00 0.0056434745 0.0012565276
2G-B2 125714B#1 3,701,000.00 0.0056434747 0.001256528
2G-B3 125714B*5 1,481,000.00 0.0056434774 0.0012565294
2G-B4 125714B@3 740,000.00 0.005643473 0.001256527
2G-B5 125714C#0 1,481,547.00 0.0038201016 0.0008504894
2G-M 125714A*6 7,403,000.00 0.0056434743 0.0012565271
2GA3IO 125714CP8 0.00 0 0
2GA4IO 125714CQ6 0.00 0.0002530167 0
1993-2H 9/25/98 315,871,665.00 53,827,434.38
- -----------------------------------------------------------------------
2H-A1 125714CG8 180,386,000.00 0.001089951 0.0096776232
2H-A2 125714CH6 125,000,000.00 0.0011813818 0.0104894336
2H-A3 125714CJ2 10,485,000.00
1993-2I 9/25/98 367,955,786.00 78,735,565.87
- -----------------------------------------------------------------------
2I-3IO 125714CL7 0.00 0.0000770269 0
2I-A1 125714CE3 237,519,000.00 0.0015296532 0.0064912405
2I-A2 125714CD5 130,435,853.00 0.0010737896 0.0102329744
<CAPTION>
CLASS CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- ---------------------------------------------------------------------------------
1993-2F
- ------------------
<S> <C> <C> <C>
A 44,325,987.95 100.00 0.1988907592
1993-2G
- ------------------
2G-A1 13,147,559.55 8.72 0.2227191955
2G-A2 9,056,017.85 6.01 0.3312127076
2G-A3
2G-A4 10,333,942.04 6.85 0.6889294693
2G-A5 100,190,000.00 66.46 1
2G-B1 4,650,959.47 3.08 0.9422527289
2G-B2 3,487,277.33 2.31 0.9422527236
2G-B3 1,395,476.29 0.93 0.9422527279
2G-B4 697,267.02 0.46 0.9422527297
2G-B5 826,863.36 0.55 0.5581080857
2G-M 6,975,496.71 4.63 0.9422526962
2GA3IO
2GA4IO
1993-2H
- ------------------
2H-A1 30,739,431.99 57.11 0.1704091891
2H-A2 23,088,002.39 42.89 0.1847040191
2H-A3
1993-2I
- ------------------
2I-3IO
2I-A1 55,653,744.82 70.68 0.2343128121
2I-A2 23,081,821.05 29.32 0.1769591759
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS SEPTEMBER 1998 DISTRIBUTION
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLASS CUSIP NUMBER COUPON CLOSING BALANCE INTEREST PAID PRINCIPAL PAID
PER CLASS PER $1000 PER $1000
- ------------------------------------------------------------------------------------------------------------------------
1995-A 9/25/98 176,490,904.00 49,704,591.63
- -----------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A1 125714CV5 82,117,691.00 0.0019714334 0.0178882964
A2 125714CW3 94,373,113.00 0.0017348118 0.0195423664
R 125714CX1 100.00
1996-A 9/25/98 115,119,131.00 41,987,899.12
- -----------------------------------------------------------------------
A 125714CY9 115,119,031.00 0.002314431 0.0105385151
R 125714CZ6 100.00
1996-B 9/25/98 207,490,355.00 87,430,599.97
- -----------------------------------------------------------------------
A1 125714DA0 0.00000 41,914,009.00 0.0021771962 0.0129531709
A2 125714DB8 0.00000 165,576,246.00 0.0028136575 0.0182091328
R 125714DC6 100.00
1996-C 9/25/98 266,806,262.00 75,184,125.67
- -----------------------------------------------------------------------
A 125714DD4 0.00000 266,806,062.00 0.0015514766 0.0166278755
R N/A 100.00
X N/A 100.00
<CAPTION>
CLASS CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- ---------------------------------------------------------------------------------
1995-A
- ------------------
<S> <C> <C> <C>
A1 24,361,822.85 49.01 0.2966696038
A2 25,342,768.78 50.99 0.2685380187
R
1996-A
- ------------------
A 41,987,899.12 100.00 0.3647346469
R
1996-B
- ------------------
A1 13,796,159.35 15.78 0.3291538958
A2 73,634,440.62 84.22 0.4447162102
R
1996-C
- ------------------
A 75,184,025.67 100.00 0.281792794
R 100.00
X
</TABLE>
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