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Previous: MORGAN STANLEY DEAN WITTER & CO, 424B3, 1998-05-19 |
Next: CMC SECURITIES CORP II, 8-K, 1998-05-19 |
<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: MARCH 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 MARCH 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 $2,525,380.92
Series 1993-2B $2,044,961.06
Series 1993-2C $4,530,071.04
Series 1993-2D $1,568,462.35
Series 1993-2E $5,733,858.87
Series 1993-2F $2,202,683.81
Series 1993-2G $3,465,969.26
Series 1993-2H $4,625,505.35
Series 1993-2I $6,013,785.23
Series 1995-A $4,954,148.70
Series 1996-A $2,423,298.64
Series 1996-B $7,997,097.12
Series 1996-C $6,463,666.52
</TABLE>
ITEM 7.FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits:
<TABLE>
<CAPTION>
SERIES EXHIBIT NO. DESCRIPTION
------ ---------- -----------
<S> <C> <C>
All 28.1 Collateral Summary and Remittance Report.
All 28.2 Summary of Trustee's Reports to Bondholders.
</TABLE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
CMC SECURITIES CORPORATION II
May 18, 1998 By: s/s Phillip A. Reinsch
-----------------------------------
Phillip A. Reinsch - Vice President
<PAGE> 4
INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION
---------- -----------
28.1 Collateral Summary and Remittance Report.
28.2 Summary of Trustee's Reports to Bondholders.
<PAGE> 1
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT EXHIBIT 28.1
FOR MONTH ENDING: 31-MAR-98
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2A 93-2B 93-2C
---------------- ---------------- ----------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 56,712,788.42 $ 47,153,842.00 $ 119,027,466.09
Loans Repurchased -- -- --
Scheduled Principal Distribution 64,332.02 48,935.72 146,823.25
Additional Principal Distribution 34,095.79 12,104.54 92,573.72
Liquidations Distribution 2,070,158.67 1,683,249.83 3,560,182.91
Accelerated Prepayments -- -- --
Adjustments (Cash) -- -- --
Losses/Foreclosures -- --
Special Hazard Account -- -- --
---------------- ---------------- ----------------
Ending Security Balance $ 54,544,201.94 $ 45,409,551.91 $ 115,227,886.21
================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 350,726.24 $ 300,670.97 $ 721,970.04
Compensating Interest 6,068.17 -- 8,521.12
Trustee Fee (Tx. Com. Bk.) 638.02 589.40 1,487.84
Pool Insurance Premium (PMI Mtg. Ins.) -- -- --
Pool Insurance (GE Mort. Ins.) 13,724.49 13,533.17 --
Pool Insurance (United Guaranty Ins.) -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) 2,693.86 -- --
Special Hazard Insurance (Comm. and Ind.) -- 1,410.72 --
Bond Manager Fee (Capstead) 897.95 785.90 1,487.84
Excess Compensating Interest (Capstead) -- 6,942.87 --
Administrative Fee (Capstead) 1,535.99 (3.03) 4,959.52
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- --
Other -- (70.17) --
---------------- ---------------- ----------------
Total Fees 19,490.31 23,188.86 7,935.20
---------------- ---------------- ----------------
Servicing Fee 18,925.30 14,666.08 31,513.45
Interest on Accelerated Prepayments -- -- --
---------------- ---------------- ----------------
Total Interest Distribution $ 395,210.02 $ 338,525.91 $ 769,939.81
================ ================ ================
LOAN COUNT 212 165 431
WEIGHTED AVERAGE PASS-THROUGH RATE 7.54950169 7.848342 7.364597608
</TABLE>
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2D 93-2E.A 93-2E.B
--------------- ---------------- ----------------
<S> <C> <C> <C>
Beginning Security Balance $ 76,146,883.68 $ 50,951,516.00 $ 134,562,857.55
Loans Repurchased -- -- --
Scheduled Principal Distribution 463,799.17 300,174.74 158,090.93
Additional Principal Distribution 87,582.23 20,184.06 35,542.32
Liquidations Distribution 583,315.52 325,033.74 3,812,042.31
Accelerated Prepayments -- -- --
Adjustments (Cash) -- -- --
Losses/Foreclosures -- -- --
Special Hazard Account -- -- --
--------------- ---------------- ----------------
Ending Security Balance $ 75,012,186.76 $ 50,306,123.46 $ 130,557,181.99
=============== ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 430,940.55 $ 283,815.84 $ 790,307.97
Compensating Interest 2,824.88 429.59 8,237.38
Trustee Fee (Tx. Com. Bk.) 951.84 551.97 1,457.76
Pool Insurance Premium (PMI Mtg. Ins.) -- 11,209.33 29,603.83
Pool Insurance (GE Mort. Ins.) 12,259.65 -- --
Pool Insurance (United Guaranty Ins.) -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- --
Bond Manager Fee (Capstead) 1,110.48 636.89 1,682.04
Excess Compensating Interest (Capstead) -- -- --
Administrative Fee (Capstead) 2,379.55 1,804.60 4,766.00
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- --
Other -- -- --
--------------- ---------------- ----------------
Total Fees 16,701.52 14,202.79 37,509.63
--------------- ---------------- ----------------
Servicing Fee 21,628.12 14,668.65 35,625.53
Interest on Accelerated Prepayments -- -- --
--------------- ---------------- ----------------
Total Interest Distribution $ 472,095.07 $ 313,116.87 $ 871,680.51
=============== ================ ================
LOAN COUNT 320 213 457
WEIGHTED AVERAGE PASS-THROUGH RATE 6.835716589 6.694491995 7.121240121
</TABLE>
Page 8 of 12
<PAGE> 2
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT EXHIBIT 28.1
FOR MONTH ENDING: 31-MAR-98
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2F 93-2G 93-2H.1
---------------- ---------------- ----------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 59,182,917.00 $ 170,298,382.90 $ 50,487,052.18
Loans Repurchased -- -- --
Scheduled Principal Distribution 64,598.95 216,798.67 52,090.84
Additional Principal Distribution 6,026.12 95,840.31 9,978.16
Liquidations Distribution 1,765,779.15 2,133,465.14 3,423,227.31
Accelerated Prepayments -- -- --
Adjustments (Cash) -- -- --
Losses/Foreclosures -- -- --
Special Hazard Account -- -- --
---------------- ---------------- ----------------
Ending Security Balance $ 57,346,512.78 $ 167,852,278.78 $ 47,001,755.87
================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 366,280.30 $ 1,016,948.61 $ 310,071.61
Compensating Interest -- 2,916.53 --
Trustee Fee (Tx. Com. Bk.) 739.74 1,915.86 631.09
Pool Insurance Premium (PMI Mtg. Ins.) 16,985.47 -- --
Pool Insurance (GE Mort. Ins.) -- -- 14,843.18
Pool Insurance (United Guaranty Ins.) -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- --
Special Hazard Insurance (Comm. and Ind.) 1,770.51 -- --
Bond Manager Fee (Capstead) 986.38 2,128.73 --
Excess Compensating Interest (Capstead) 5,236.13 -- 8,713.59
Administrative Fee (Capstead) 0.11 7,096.01 2,103.61
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- 1,308.46
Other (0.71) -- --
---------------- ---------------- ----------------
Total Fees 25,717.63 11,140.60 27,599.93
---------------- ---------------- ----------------
Servicing Fee 18,875.98 43,058.29 15,777.30
Interest on Accelerated Prepayments -- -- --
---------------- ---------------- ----------------
Total Interest Distribution $ 410,873.91 $ 1,074,064.03 $ 353,448.84
================ ================ ================
LOAN COUNT 207 614 181
WEIGHTED AVERAGE PASS-THROUGH RATE 7.552891 7.186434464 7.369927851
</TABLE>
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2H.2 93-2I 93-2I.1
---------------- ---------------- ----------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 29,234,575.00 $ 35,932,322.00 $ 35,799,217.25
Loans Repurchased -- -- --
Scheduled Principal Distribution 29,366.72 39,712.33 35,134.12
Additional Principal Distribution 5,116.63 6,762.95 (933.90)
Liquidations Distribution 608,715.48 -- 2,871,978.86
Accelerated Prepayments -- -- --
Adjustments (Cash) -- (744.59) --
Losses/Foreclosures -- 148,296.51 --
Special Hazard Account -- -- --
---------------- ---------------- ----------------
Ending Security Balance $ 28,591,376.17 $ 35,738,294.80 $ 32,893,038.17
================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 186,938.81 $ 233,761.55 $ 226,112.41
Compensating Interest -- -- --
Trustee Fee (Tx. Com. Bk.) 365.45 449.14 447.49
Pool Insurance Premium (PMI Mtg. Ins.) --
Pool Insurance (GE Mort. Ins.) 8,390.36 10,216.77 10,524.97
Pool Insurance (United Guaranty Ins.) -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- --
Bond Manager Fee (Capstead) 1,328.69 1,833.68 --
Excess Compensating Interest (Capstead) 3,184.51 -- 8,522.89
Administrative Fee (Capstead) 267.37 217.58 1,491.60
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) 874.57 1,075.00 927.80
Other (0.20) (0.60) --
---------------- ---------------- ----------------
Total Fees 14,410.75 13,791.57 21,914.75
---------------- ---------------- ----------------
Servicing Fee 9,809.96 11,228.86 11,187.29
Interest on Accelerated Prepayments -- -- --
---------------- ---------------- ----------------
Total Interest Distribution $ 211,159.52 $ 258,781.98 $ 259,214.45
================ ================ ================
LOAN COUNT 94 144 144
WEIGHTED AVERAGE PASS-THROUGH RATE 7.680279 7.869205 7.579352646
</TABLE>
Page 9 of 12
<PAGE> 3
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT EXHIBIT 28.1
FOR MONTH ENDING: 31-MAR-98
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2I.2 1995-A 1996-A
---------------- ---------------- ----------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 38,289,170.29 $ 73,518,918.56 $ 57,717,620.09
Loans Repurchased -- -- --
Scheduled Principal Distribution 35,660.01 65,898.24 58,306.61
Additional Principal Distribution 3,937.23 12,009.92 10,556.33
Liquidations Distribution 2,164,968.07 4,413,275.24 1,995,352.56
Accelerated Prepayments -- -- --
Adjustments (Cash) -- -- --
Losses/Foreclosures -- -- --
Special Hazard Account -- -- --
---------------- ---------------- ----------------
Ending Security Balance $ 36,084,604.98 $ 69,027,735.16 $ 55,653,404.59
================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 249,140.30 $ 462,965.29 $ 359,083.12
Compensating Interest -- -- --
Trustee Fee (Tx. Com. Bk.) 478.61 612.66 721.47
Pool Insurance Premium (PMI Mtg. Ins.) 11,049.62 -- --
Pool Insurance (GE Mort. Ins.) -- 27,569.60 16,622.68
Pool Insurance (United Guaranty Ins.) -- --
Backup for Pool Insurance (Fin. Sec. Assur.) 1,866.73 -- --
Special Hazard Insurance (Comm. and Ind.) -- -- --
Bond Manager Fee (Capstead) -- -- --
Excess Compensating Interest (Capstead) 2,109.38 11,670.67 5,937.31
Administrative Fee (Capstead) 1,595.34 1,961.76 2,404.89
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) 1,145.48 1,684.80 1,322.70
Other -- -- --
---------------- ---------------- ----------------
Total Fees 18,245.16 43,499.49 27,009.05
---------------- ---------------- ----------------
Servicing Fee 11,965.33 22,974.71 16,040.41
Interest on Accelerated Prepayments -- -- --
---------------- ---------------- ----------------
Total Interest Distribution $ 279,350.79 $ 529,439.49 $ 402,132.58
================ ================ ================
LOAN COUNT 155 323 205
WEIGHTED AVERAGE PASS-THROUGH RATE 7.808170241 7.556671927 7.465653354
</TABLE>
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-B 1996-C.1 1996-C.2
---------------- ---------------- ----------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 125,329,867.72 $ 28,579,951.85 $ 44,451,285.84
Loans Repurchased -- -- --
Scheduled Principal Distribution 125,564.89 24,836.19 42,671.00
Additional Principal Distribution 4,621.81 56,473.41 7,257.63
Liquidations Distribution 7,084,526.71 1,737,342.62 3,108,091.47
Accelerated Prepayments -- -- --
Adjustments (Cash) -- -- --
Losses/Foreclosures -- -- 98,690.83
Special Hazard Account -- -- --
---------------- ---------------- ----------------
Ending Security Balance $ 118,115,154.31 $ 26,761,299.63 $ 41,194,574.91
================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 782,383.73 $ 181,951.59 $ 288,581.58
Compensating Interest -- -- 4,085.34
Trustee Fee (Tx. Com. Bk.) 1,566.63 357.24 370.43
Pool Insurance Premium (PMI Mtg. Ins.) 33,870.39 -- --
Pool Insurance (GE Mort. Ins.) -- 8,231.03 --
Pool Insurance (United Guaranty Ins.) -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) 3,149.46 -- --
Special Hazard Insurance (Comm. and Ind.) -- -- --
Bond Manager Fee (Capstead) -- -- --
Excess Compensating Interest (Capstead) 16,719.58 6,029.11 1,937.82
Administrative Fee (Capstead) 5,222.11 1,429.04 926.00
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) 3,624.12 654.96 --
Other -- -- --
---------------- ---------------- ----------------
Total Fees 64,152.29 16,701.38 3,234.25
---------------- ---------------- ----------------
Servicing Fee 36,637.05 8,931.24 10,467.50
Interest on Accelerated Prepayments -- -- --
---------------- ---------------- ----------------
Total Interest Distribution $ 883,173.07 $ 207,584.21 $ 306,368.67
================ ================ ================
LOAN COUNT 424 115 189
WEIGHTED AVERAGE PASS-THROUGH RATE 7.491115191 7.639687748 7.90079066
</TABLE>
Page 10 of 12
<PAGE> 4
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT EXHIBIT 28.1
FOR MONTH ENDING: 31-MAR-98
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-C.3
----------------
<S> <C>
BEGINNING SECURITY BALANCE $ 45,783,323.81
Loans Repurchased --
Scheduled Principal Distribution 37,817.34
Additional Principal Distribution 6,318.20
Liquidations Distribution 680,719.60
Accelerated Prepayments --
Adjustments (Cash) --
Losses/Foreclosures --
Special Hazard Account --
----------------
Ending Security Balance $ 45,058,468.67
================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 287,520.55
Compensating Interest --
Trustee Fee (Tx. Com. Bk.) 381.53
Pool Insurance Premium (PMI Mtg. Ins.) --
Pool Insurance (GE Mort. Ins.) --
Pool Insurance (United Guaranty Ins.) 17,054.29
Backup for Pool Insurance (Fin. Sec. Assur.) --
Special Hazard Insurance (Comm. and Ind.) --
Bond Manager Fee (Capstead) 10,709.79
Excess Compensating Interest (Capstead) 1,330.52
Administrative Fee (Capstead) 1,809.19
Administrative Fee (Other) --
Excess-Fees --
Special Hazard Insurance (Aetna Casualty) 1,323.90
Other --
----------------
Total Fees 32,609.22
----------------
Servicing Fee 14,307.44
Interest on Accelerated Prepayments --
----------------
Total Interest Distribution $ 334,437.21
================
LOAN COUNT 195
WEIGHTED AVERAGE PASS-THROUGH RATE 7.816742
</TABLE>
Page 11 of 12
<PAGE> 1
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS MARCH 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
- --------------------------------------------------------------------------------------------------------------------------------
1993-2A 3/25/98 149,572,077.00 54,544,200.02
- -----------------------------------------------------------------------
<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 0.0043392056 0.0681027419
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 0.0013883147 0.0179870639
J 125714AK1 7.25000 2,901,000.00 0.0060416684 0
KPO 125714AM7 0.00000 772,949.00 0 0.0005649661
LIO 125714AN5 0.00 0.0001089673 0
R 125714AL9 7.25000 128.00 0.006015625 0
1993-2B 3/25/98 189,529,970.00 45,409,559.28
- -----------------------------------------------------------------------
2B-A 125714AP0 189,529,000.00 0.0015864114 0.0092032886
1993-2C 3/25/98 207,040,201.00 115,227,885.74
- -----------------------------------------------------------------------
A-2 125714BB0 6.50000 27,680,000.00 0.0010507666 0.0351308999
A-3 125714BC8 10,312,000.00 0.0015657079 0.0351308737
A-4 125714BD6 33,521,000.00 0.0024747251 0.0730254414
A-5 000005CQR 84,357,000.00 0.006137165 0
A-R 125714AZ8 1,000.00 0.00614 0
B-1 000007CQR 5,694,392.00 0.0058320783 0.0012255321
B-2 000008CQR 3,623,203.00 0.0058320801 0.0012255344
B-3 000009CQR 2,588,003.00 0.0058320798 0.0012255318
B-4 000010CQR 1,345,761.00 0.0058320831 0.0012255296
B-5 000011CQR 621,120.00 0.0058320775 0.0012255281
B-6 000012CQR 1,138,722.00 0.0032323429 0
</TABLE>
<TABLE>
<CAPTION>
SERIES
CLASS CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- -------------------------------------------------------------------------------
<S> <C> <C> <C>
1993-2A
- ------------
A
D
E 18,626,968.36 34.15 0.6501105808
F 10,692,000.00 19.60 1
G 16,410,000.00 30.09 1
H 3,006,000.00 5.51 1
I 2,553,708.44 4.68 0.2118029725
J 2,901,000.00 5.32 1
KPO 354,395.22 0.65 0.4584975464
LIO
R 128.00 0.00 1
1993-2B
- ------------
2B-A 45,409,559.28 100.00 0.2395916154
1993-2C
- ------------
A-2 4,397,155.87 3.82 0.1588567872
A-3 1,638,133.14 1.42 0.1588569763
A-4 11,068,983.25 9.61 0.3302104129
A-5 84,357,000.00 73.21 1
A-R 1,000.00 0.00 1
B-1 5,404,337.46 4.69 0.9490631239
B-2 3,438,649.16 2.98 0.9490633453
B-3 2,456,178.80 2.13 0.9490633512
B-4 1,277,212.43 1.11 0.9490633404
B-5 589,482.23 0.51 0.9490633533
B-6 599,753.40 0.52 0.5266899208
</TABLE>
Page 1 of 4
<PAGE> 2
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS MARCH 1998 DISTRIBUTION
<TABLE>
<CAPTION>
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLASS CUSIP NUMBER COUPON CLOSING BALANCE INTEREST PAID PRINCIPAL PAID
PER CLASS PER $1000 PER $1000
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1993-2D 3/25/98 175,093,365.00 75,018,223.66
- -----------------------------------------------------------------------
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.0009441844 0.0106139325
B 125714AT2 39,792,000.00 0.0018883655 0.0212277704
C 125714AU9 29,251,000.00 0.0056964309 0
D 125714AV7 17,072,000.00 0.005696431 0
E 125714AW5 1,897,000.00 0.0056964312 0
F 125714AX3 10,300,365.00 0.0056964311 0
R 125714AY1 1,000.00 0.0057 0
1993-2E 3/25/98 317,870,015.00 180,864,140.87
- -----------------------------------------------------------------------
15A 125714BE4 6.75000 86,454,000.00 0.0029159411 0.0066003733
15B 125714BF1 6.75000 9,494,478.45 0.0029159412 0.0066003734
15CPO 125714BG9 0.00000 1,972,695.84 0 0.0061234473
15DIO 125714BH7 5,911.86 0.7535622463 0.0028941137
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 0.0032857057 0.1373205998
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 0.0039998703 0
30K 125714CB9 17,252,571.43 0.0063187626 0
30NIO 125714BR5 0.00 0.0000813754 0
30PPO 125714BS3 0.00000 1,089,658.82 0 0.0098610666
</TABLE>
<TABLE>
<CAPTION>
SERIES
CLASS CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- -------------------------------------------------------------------------------
1993-2D 3/25/98 175,093,365.00 75,018,223.66
- -----------------------------------------------------------------------
<S> <C> <C> <C>
A
AB 4,150,515.05 5.53 0.1551362432
B 12,346,343.61 16.46 0.3102720047
C 29,251,000.00 38.99 1
D 17,072,000.00 22.76 1
E 1,897,000.00 2.53 1
F 10,300,365.00 13.73 1
R 1,000.00 0.00 1
1993-2E 3
- --------------------
15A 44,246,218.57 24.46 0.511789143
15B 4,859,170.97 2.69 0.5117891652
15CPO 1,198,612.57 0.66 0.6076012574
15DIO 2,957.24 0.00 0.5002097429
30A
30B
30CIO
30D 0.02 0.00 0.0000000217
30E 12,391,540.19 6.85 0.4259432212
30F 11,747,000.00 6.49 1
30G 24,409,000.00 13.50 1
30H 21,450,000.00 11.86 1
30I 13,542,000.00 7.49 1
30J 32,403,578.22 17.92 0.8049378532
30K 13,887,247.79 7.68 0.8049378722
30NIO
30PPO 726,815.30 0.40 0.6670116982
</TABLE>
Page 2 of 4
<PAGE> 3
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS MARCH 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
- -----------------------------------------------------------------------------------------------------------------------
1993-2F 3/25/98 222,866,291.00 57,346,518.81
- -----------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A 125714BJ3 222,866,000.00 0.0016434968 0.0082399447
1993-2G 3/25/98 246,780,547.00 167,852,287.77
- -----------------------------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.0024637566 0.0238052783
2G-A2 125714CS2 27,342,000.00 0.0024140509 0.0090699067
2G-A3 125714CT0 25,200,000.00 0.0002788877 0.0305340405
2G-A4 125714CU7 15,000,000.00 0.0056553613 0
2G-A5 125714A#2 100,190,000.00 0.005988695 0
2G-B1 125714A@4 4,936,000.00 0.0056948541 0.0012105875
2G-B2 125714B#1 3,701,000.00 0.0056948554 0.001210589
2G-B3 125714B*5 1,481,000.00 0.0056948548 0.0012105874
2G-B4 125714B@3 740,000.00 0.0056948514 0.0012105946
2G-B5 125714C#0 1,481,547.00 0.0040552679 0.0008620516
2G-M 125714A*6 7,403,000.00 0.0056948548 0.0012105917
2GA3IO 125714CP8 0.00 0.0000615913 0
2GA4IO 125714CQ6 0.00 0.0003333333 0
1993-2H 3/25/98 315,871,665.00 75,593,134.83
- -----------------------------------------------------------------------
2H-A1 125714CG8 180,386,000.00 0.0015734561 0.0130701655
2H-A2 125714CH6 125,000,000.00 0.001705446 0.0141665605
2H-A3 125714CJ2 10,485,000.00
1993-2I 3/25/98 367,955,786.00 104,715,937.96
- -----------------------------------------------------------------------
2I-3IO 125714CL7 0.00 0.0001143577 0
2I-A1 125714CE3 237,519,000.00 0.0020356181 0.0100985271
2I-A2 125714CD5 130,435,853.00 0.0016145819 0.0222805221
</TABLE>
<TABLE>
<CAPTION>
SERIES
CLASS CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- -------------------------------------------------------------------------------
1993-2F
- ----------------
<S> <C> <C> <C>
A 57,346,518.81 100.00 0.2573138963
1993-2G
- ----------------
2G-A1 22,880,566.17 13.63 0.3875959847
2G-A2 10,773,607.26 6.42 0.3940314264
2G-A3 663,253.43 0.40 0.0263195806
2G-A4 15,000,000.00 8.94 1
2G-A5 100,190,000.00 59.69 1
2G-B1 4,687,835.72 2.79 0.9497236062
2G-B2 3,514,927.05 2.09 0.9497236017
2G-B3 1,406,540.66 0.84 0.9497236057
2G-B4 702,795.47 0.42 0.9497236081
2G-B5 1,001,958.41 0.60 0.6762920177
2G-M 7,030,803.60 4.19 0.9497235715
2GA3IO
2GA4IO
1993-2H
- ----------------
2H-A1 43,169,251.05 57.11 0.2393159727
2H-A2 32,423,883.78 42.89 0.2593910702
2H-A3
1993-2I
- ----------------
2I-3IO
2I-A1 71,822,899.83 68.59 0.3023880188
2I-A2 32,893,038.13 31.41 0.2521778895
</TABLE>
Page 3 of 4
<PAGE> 4
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS MARCH 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
- --------------------------------------------------------------------------------------------------------------------------------
1995-A 3/25/98 176,490,904.00 69,027,734.14
- -----------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A1 125714CV5 82,117,691.00 0.0028184321 0.025160875
A2 125714CW3 94,373,113.00 0.0024532639 0.0256962006
R 125714CX1 100.00
1996-A 3/25/98 115,119,131.00 55,653,403.72
- -----------------------------------------------------------------------
A 125714CY9 115,119,031.00 0.0031192335 0.0179311403
R 125714CZ6 100.00
1996-B 3/25/98 207,490,355.00 118,115,153.14
- -----------------------------------------------------------------------
A1 125714DA0 0.00000 41,914,009.00 0.0033127289 0.0420203188
A2 125714DB8 0.00000 165,576,246.00 0.003886632 0.0329363272
R 125714DC6 100.00
1996-C 3/25/98 266,806,262.00 111,067,941.64
- -----------------------------------------------------------------------
A 125714DD4 0.00000 266,806,062.00 0.0020350133 0.0216116869
R N/A 100.00
X N/A 100.00
</TABLE>
<TABLE>
<CAPTION>
SERIES
CLASS CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- -------------------------------------------------------------------------------
1995-A 3/25/98 176,490,904.00 69,027,734.14
- -----------------------------------------------------------------------
<S> <C> <C> <C>
A1 34,102,771.94 49.40 0.4152914131
A2 34,924,962.20 50.60 0.3700732241
R
1996-A
- ------------------
A 55,653,403.72 100.00 0.4834422531
R
1996-B
- ------------------
A1 19,749,570.25 16.72 0.471192585
A2 98,365,582.89 83.28 0.5940802818
R
1996-C
- ------------------
A 111,067,941.64 100.00 0.4162871743
R
X
</TABLE>
Page 4 of 4
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