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Previous: U S WIRELESS DATA INC, SC 13D/A, 1998-07-28 |
Next: GREENWICH STREET MUNICIPAL FUND INC, NSAR-B, 1998-07-28 |
<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: JUNE 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 JUNE 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 $1,555,493.19
Series 1993-2B $2,067,317.60
Series 1993-2C $1,536,027.20
Series 1993-2D $1,930,448.58
Series 1993-2E $3,244,100.47
Series 1993-2F $2,414,474.35
Series 1993-2G $2,805,406.64
Series 1993-2H $5,889,555.24
Series 1993-2I $6,095,974.69
Series 1995-A $2,085,260.76
Series 1996-A $2,465,612.97
Series 1996-B $6,667,242.84
Series 1996-C $5,790,037.71
</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>
<PAGE> 4
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
July 21, 1998 By: /s/ PHILLIP A. REINSCH
------------------------------------
Phillip A. Reinsch - Vice President
<PAGE> 5
INDEX TO EXHIBITS
<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
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT EXHIBIT 28.1
FOR MONTH ENDING: 30-JUN-98
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2A 93-2B 93-2C 93-2D
---------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 50,985,373.70 $ 40,244,825.00 $ 110,521,612.40 $ 71,956,932.35
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 59,508.40 43,370.30 140,364.32 456,575.33
Additional Principal Distribution 29,486.94 35,989.53 30,003.74 104,799.00
Liquidations Distribution 1,145,647.22 1,733,196.14 688,266.67 959,766.05
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 49,750,731.14 $ 38,432,269.03 $ 109,662,977.67 $ 70,435,791.97
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 317,532.84 $ 254,761.63 $ 676,198.90 $ 405,494.22
Compensating Interest 3,317.72 -- 1,193.57 3,813.98
Trustee Fee (Tx. Com. Bk.) 573.59 503.08 1,381.52 899.46
Pool Insurance Premium (PMI Mtg. Ins.) -- -- -- --
Pool Insurance (GE Mort. Ins.) 12,338.46 11,550.21 -- 11,585.07
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) 2,421.81 1,203.96 -- --
Bond Manager Fee (Capstead) 807.27 670.75 1,381.52 1,049.37
Excess Compensating Interest (Capstead) -- 2,889.18 -- --
Administrative Fee (Capstead) 1,380.92 (3.86) 4,605.17 2,248.61
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- -- --
Other -- (69.93) -- --
---------------- ---------------- ---------------- ----------------
Total Fees 17,522.05 16,743.39 7,368.21 15,782.51
---------------- ---------------- ---------------- ----------------
Servicing Fee 16,923.21 12,506.41 28,672.83 20,197.10
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 355,295.82 $ 284,011.43 $ 713,433.51 $ 445,287.81
================ ================ ================ ================
LOAN COUNT 192 143 402 307
WEIGHTED AVERAGE PASS-THROUGH RATE 7.551590663 7.702498 7.354859799 6.825886318
<CAPTION>
DEAL REFERENCE 93-2E.A 93-2E.B
---------------- ----------------
<S> <C> <C>
BEGINNING SECURITY BALANCE $ 47,033,996.35 $ 123,675,905.04
Loans Repurchased -- --
Scheduled Principal Distribution 287,512.21 150,296.28
Additional Principal Distribution 17,321.83 22,145.62
Liquidations Distribution 663,901.81 1,106,837.24
Accelerated Prepayments -- --
Adjustments (Cash) -- --
Adjustments (Non-Cash) -- --
Losses/Foreclosures -- --
Special Hazard Account -- --
---------------- ----------------
Ending Security Balance $ 46,065,260.50 $ 122,396,625.90
================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 261,215.50 $ 731,087.10
Compensating Interest 1,200.52 2,582.37
Trustee Fee (Tx. Com. Bk.) 509.53 1,339.82
Pool Insurance Premium (PMI Mtg. Ins.) 10,347.48 27,208.70
Pool Insurance (GE Mort. Ins.) -- --
Pool Insurance (United Guaranty Ins.) -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- --
Special Hazard Insurance (Comm. and Ind.) -- --
Bond Manager Fee (Capstead) 587.92 1,545.95
Excess Compensating Interest (Capstead) -- --
Administrative Fee (Capstead) 1,665.75 4,380.45
Administrative Fee (Other) -- --
Excess-Fees -- --
Special Hazard Insurance (Aetna Casualty) -- --
Other -- --
---------------- ----------------
Total Fees 13,110.68 34,474.92
---------------- ----------------
Servicing Fee 13,354.98 32,105.05
Interest on Accelerated Prepayments -- --
---------------- ----------------
Total Interest Distribution $ 288,881.68 $ 800,249.44
================ ================
LOAN COUNT 202 423
WEIGHTED AVERAGE PASS-THROUGH RATE 6.695140716 7.118632879
</TABLE>
Page 1 of 4
<PAGE> 2
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-JUN-98
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2F 93-2G 93-2H.1 93-2H.2
---------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 52,542,165.00 $ 161,933,155.00 $ 40,309,414.94 $ 27,441,426.00
Loans Repurchased
Scheduled Principal Distribution 58,915.72 215,264.64 42,642.92 27,648.97
Additional Principal Distribution 16,819.63 43,215.25 14,429.31 155,851.97
Liquidations Distribution 2,011,576.24 1,577,588.90 2,735,174.02 2,495,216.10
Accelerated Prepayments
Adjustments (Cash) -- 49,318.11 -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 50,454,853.41 $ 160,047,768.10 $ 37,517,168.69 $ 24,762,708.96
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 327,163.03 $ 966,130.93 $ 249,853.62 $ 168,737.47
Compensating Interest -- 3,206.92 -- --
Trustee Fee (Tx. Com. Bk.) 656.75 1,821.75 503.86 343.00
Pool Insurance Premium (PMI Mtg. Ins.) 15,079.61 -- -- --
Pool Insurance (GE Mort. Ins.) -- -- 11,850.97 7,875.69
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) 875.70 2,024.16 -- 1,129.18
Excess Compensating Interest (Capstead) -- -- 3,041.96 7,397.56
Administrative Fee (Capstead) 0.10 6,747.37 1,679.59 246.53
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) 1,571.86 -- 1,044.68 820.95
Other (0.27) -- -- 0.03
---------------- ---------------- ---------------- ----------------
Total Fees 18,183.75 10,593.28 18,121.06 17,812.94
---------------- ---------------- ---------------- ----------------
Servicing Fee 16,799.57 40,789.24 12,596.72 9,247.57
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 362,146.35 $ 1,020,720.37 $ 280,571.40 $ 195,797.98
================ ================ ================ ================
LOAN COUNT 183 590 148 87
WEIGHTED AVERAGE PASS-THROUGH RATE 7.491999 7.183244345 7.438072332 7.618971
<CAPTION>
DEAL REFERENCE 93-2I 93-2I.1
---------------- ----------------
<S> <C> <C>
BEGINNING SECURITY BALANCE $ 32,559,084.06 $ 29,463,612.94
Loans Repurchased -- --
Scheduled Principal Distribution 33,736.30 29,499.97
Additional Principal Distribution 3,699.68 2,995.61
Liquidations Distribution 1,400,508.90 2,223,344.62
Accelerated Prepayments -- --
Adjustments (Cash) 57.70 --
Adjustments (Non-Cash) 0.02 --
Losses/Foreclosures 297,777.75 --
Special Hazard Account -- --
---------------- ----------------
Ending Security Balance $ 30,823,303.71 $ 27,207,772.74
================ ================
INTEREST DISTRIBUTION: $ 201,696.88 $ 183,061.15
Due Certificate Holders -- --
Compensating Interest
Trustee Fee (Tx. Com. Bk.) 406.97 368.29
Pool Insurance Premium (PMI Mtg. Ins.) -- --
Pool Insurance (GE Mort. Ins.) 9,257.61 8,662.31
Pool Insurance (United Guaranty Ins.) --
Backup for Pool Insurance (Fin. Sec. Assur.) --
Special Hazard Insurance (Comm. and Ind.) -- --
Bond Manager Fee (Capstead) 1,583.28 --
Excess Compensating Interest (Capstead) 6,484.85 6,878.72
Administrative Fee (Capstead) 201.26 1,227.61
Administrative Fee (Other) -- --
Excess-Fees -- --
Special Hazard Insurance (Aetna Casualty) 974.04 763.59
Other 0.01 --
---------------- ----------------
Total Fees 18,908.02 17,900.52
---------------- ----------------
Servicing Fee 10,174.67 9,207.37
Interest on Accelerated Prepayments -- --
---------------- ----------------
Total Interest Distribution $ 230,779.57 $ 210,169.04
================ ================
LOAN COUNT 123 121
WEIGHTED AVERAGE PASS-THROUGH RATE 7.731115 7.455751623
</TABLE>
Page 2 of 4
<PAGE> 3
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-JUN-98
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2I.2 1995-A 1996-A 1996-B
---------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 32,973,818.34 $ 61,045,875.29 $ 49,626,562.95 $ 106,513,784.94
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 31,940.21 56,922.19 51,549.17 110,394.79
Additional Principal Distribution 4,310.77 4,733.87 2,313.77 37,538.65
Liquidations Distribution 1,471,404.70 1,636,860.75 2,104,443.98 5,862,131.98
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 31,466,162.66 $ 59,347,358.48 $ 47,468,256.03 $ 100,503,719.52
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 211,940.22 $ 386,743.94 $ 307,306.04 $ 657,177.44
Compensating Interest -- -- -- --
Trustee Fee (Tx. Com. Bk.) 412.17 508.71 620.34 1,331.42
Pool Insurance Premium (PMI Mtg. Ins.) 9,515.69 -- -- 28,785.35
Pool Insurance (GE Mort. Ins.) -- 22,892.20 14,292.45 --
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) 1,649.50 -- -- 2,833.04
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) -- -- -- --
Excess Compensating Interest (Capstead) 2,140.48 3,245.42 4,686.68 13,463.76
Administrative Fee (Capstead) 1,373.85 1,598.92 2,067.80 4,438.19
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) 986.46 1,398.97 1,137.28 3,080.03
Other -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Fees 16,078.15 29,644.22 22,804.55 53,931.79
---------------- ---------------- ---------------- ----------------
Servicing Fee 10,304.33 19,076.89 13,746.57 31,136.31
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 238,322.70 $ 435,465.05 $ 343,857.16 $ 742,245.54
================ ================ ================ ================
LOAN COUNT 135 273 178 361
WEIGHTED AVERAGE PASS-THROUGH RATE 7.713036488 7.602360123 7.430844009 7.403857899
<CAPTION>
DEAL REFERENCE 1996-C.1 1996-C.2
---------------- ----------------
<S> <C> <C>
BEGINNING SECURITY BALANCE $ 22,624,348.83 $ 36,451,924.53
Loans Repurchased -- --
Scheduled Principal Distribution 21,610.10 33,986.75
Additional Principal Distribution 3,901.36 18,654.52
Liquidations Distribution 1,747,047.86 702,890.25
Accelerated Prepayments -- --
Adjustments (Cash) -- --
Adjustments (Non-Cash) -- --
Losses/Foreclosures -- --
Special Hazard Account -- --
---------------- ----------------
Ending Security Balance $ 20,851,789.51 $ 35,696,393.01
================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 143,422.13 $ 237,984.64
Compensating Interest -- 219.11
Trustee Fee (Tx. Com. Bk.) 282.80 303.77
Pool Insurance Premium (PMI Mtg. Ins.) -- --
Pool Insurance (GE Mort. Ins.) 6,515.81 --
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) 2,540.79 --
Administrative Fee (Capstead) 1,131.24 759.47
Administrative Fee (Other) -- --
Excess-Fees -- --
Special Hazard Insurance (Aetna Casualty) 518.47 --
Other -- --
---------------- ----------------
Total Fees 10,989.11 1,063.24
---------------- ----------------
Servicing Fee 7,070.07 8,542.37
Interest on Accelerated Prepayments -- --
---------------- ----------------
Total Interest Distribution $ 161,481.31 $ 247,809.36
================ ================
LOAN COUNT 93 156
WEIGHTED AVERAGE PASS-THROUGH RATE 7.607138543 7.841684731
</TABLE>
Page 3 of 4
<PAGE> 4
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-JUN-98
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-C.3
----------------
<S> <C>
BEGINNING SECURITY BALANCE $ 39,021,645.79
Loans Repurchased -
Scheduled Principal Distribution 34,839.90
Additional Principal Distribution 57,994.87
Liquidations Distribution 2,549,149.42
Accelerated Prepayments -
Adjustments (Cash) -
Adjustments (Non-Cash) -
Losses/Foreclosures -
Special Hazard Account -
----------------
Ending Security Balance $ 36,379,661.60
================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 238,336.80
Compensating Interest -
Trustee Fee (Tx. Com. Bk.) 325.18
Pool Insurance Premium (PMI Mtg. Ins.) -
Pool Insurance (GE Mort. Ins.) -
Pool Insurance (United Guaranty Ins.) 14,535.56
Backup for Pool Insurance (Fin. Sec. Assur.) -
Special Hazard Insurance (Comm. and Ind.) -
Bond Manager Fee (Capstead) 8,786.43
Excess Compensating Interest (Capstead) 4,329.65
Administrative Fee (Capstead) 1,529.50
Administrative Fee (Other) -
Excess-Fees -
Special Hazard Insurance (Aetna Casualty) 1,128.37
Other -
----------------
Total Fees 30,634.69
----------------
Servicing Fee 12,194.26
Interest on Accelerated Prepayments -
----------------
Total Interest Distribution $ 281,165.75
================
LOAN COUNT 168
WEIGHTED AVERAGE PASS-THROUGH RATE 7.599574
</TABLE>
Page 4 of 4
<PAGE> 1
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS JUNE 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
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Page 4 of 4
1993-2A 6/25/98 149,572,077.00 49,750,729.22
- -----------------------------------------------------------------------
A 125714AC9 34,791,000.00
D 125714AD7 8,535,000.00
E 125714AE5 7.25000 28,652,000.00 0.0032564851 0.0381265507
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 0.0011013038 0.0102405856
J 125714AK1 7.25000 2,901,000.00 0.0060416684 0
KPO 125714AM7 0.00000 772,949.00 0 0.024283478
LIO 125714AN5 0.00 0.000099198 0
R 125714AL9 7.25000 128.00 0.006015625 0
1993-2B 6/25/98 189,529,970.00 38,432,277.37
- -----------------------------------------------------------------------
2B-A 125714AP0 189,529,000.00 0.0013441828 0.0095634756
1993-2C 6/25/98 207,040,201.00 109,662,977.15
- -----------------------------------------------------------------------
A-2 125714BB0 6.50000 27,680,000.00 0.0006254389 0.0078126499
A-3 125714BC8 10,312,000.00 0.000928492 0.0078126445
A-4 125714BD6 33,521,000.00 0.001471062 0.0162398974
A-5 000005CQR 84,357,000.00 0.00612905 0
A-R 125714AZ8 1,000.00 0.00613 0
B-1 000007CQR 5,694,392.00 0.0058016975 0.0012570929
B-2 000008CQR 3,623,203.00 0.0058017009 0.0012570921
B-3 000009CQR 2,588,003.00 0.0058017012 0.0012570928
B-4 000010CQR 1,345,761.00 0.0058016988 0.0012570954
B-5 000011CQR 621,120.00 0.0058016969 0.0012571001
B-6 000012CQR 1,138,722.00 0.003228075 0
<CAPTION>
SERIES
CLASS CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- ----------------------------------------------------------------------
<S> <C> <C> <C>
1993-2A
- ------------
A
D
E 14,351,153.02 28.85 0.5008778801
F 10,692,000.00 21.49 1
G 16,410,000.00 32.98 1
H 3,006,000.00 6.04 1
I 2,074,336.18 4.17 0.1720441387
J 2,901,000.00 5.83 1
KPO 316,112.02 0.64 0.4089687935
LIO
R 128.00 0.00 1
1993-2B
- ------------
2B-A 38,432,277.37 100.00 0.2027778196
1993-2C
- ------------
A-2 2,979,834.88 2.72 0.1076529942
A-3 1,110,120.02 1.01 0.1076532215
A-4 7,501,154.41 6.84 0.2237747803
A-5 84,357,000.00 76.92 1
A-R 1,000.00 0.00 1
B-1 5,383,096.83 4.91 0.9453330277
B-2 3,425,134.29 3.12 0.9453332562
B-3 2,446,525.31 2.23 0.9453332589
B-4 1,272,192.62 1.16 0.9453332501
B-5 587,165.39 0.54 0.9453332528
B-6 599,753.40 0.55 0.5266899208
</TABLE>
Page 1 of 4
<PAGE> 2
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS JUNE 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
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1993-2D 6/25/98 175,093,365.00 70,435,792.16
- -----------------------------------------------------------------------
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.0007186966 0.0143048079
B 125714AT2 39,792,000.00 0.0014373919 0.0286094886
C 125714AU9 29,251,000.00 0.0056882384 0
D 125714AV7 17,072,000.00 0.0056882381 0
E 125714AW5 1,897,000.00 0.0056882393 0
F 125714AX3 10,300,365.00 0.0056882382 0
R 125714AY1 1,000.00 0.00569 0
1993-2E 6/25/98 317,870,015.00 168,462,930.06
- -----------------------------------------------------------------------
15A 125714BE4 6.75000 86,454,000.00 0.0026918416 0.0099999135
15B 125714BF1 6.75000 9,494,478.45 0.0026918415 0.0099999136
15CPO 125714BG9 0.00000 1,972,695.84 0 0.0046590402
15DIO 125714BH7 5,911.86 0.6981495264 0.0115815291
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 0.0011087405 0.0439405789
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 0.0039690143 0
30K 125714CB9 17,252,571.43 0.0063905356 0
30NIO 125714BR5 0.00 0.0000743572 0
30PPO 125714BS3 0.00000 1,089,658.82 0 0.0008814409
<CAPTION>
SERIES
CLASS CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- ---------------------------------------------------------------------
<S> <C> <C> <C>
1993-2D
- ------------
A
AB 2,997,599.25 4.26 0.1120430309
B 8,916,827.91 12.66 0.2240859447
C 29,251,000.00 41.53 1
D 17,072,000.00 24.24 1
E 1,897,000.00 2.69 1
F 10,300,365.00 14.62 1
R 1,000.00 0.00 1
1993-2E
- ------------
15A 40,507,994.73 24.05 0.468549688
15B 4,448,634.90 2.64 0.4685497086
15CP 1,106,718.22 0.66 0.5610181295
15DI 2,957.24 0.00 0.5002097429
30A
30B
30CI
30D 0.02 0.00 0.0000000217
30E 4,251,191.41 2.52 0.1461292249
30F 11,747,000.00 6.97 1
30G 24,409,000.00 14.49 1
30H 21,450,000.00 12.73 1
30I 13,542,000.00 8.04 1
30J 32,403,578.22 19.23 0.8049378532
30K 13,887,247.79 8.24 0.8049378722
30NI
30PP 706,607.53 0.42 0.6484666579
</TABLE>
Page 2 of 4
<PAGE> 3
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS JUNE 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
- ------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1993-2F 6/25/98 222,866,291.00 50,454,857.84
- -----------------------------------------------------------------------
A 125714BJ3 222,866,000.00 0.0014679796 0.0093657683
1993-2G 6/25/98 246,780,547.00 160,047,777.25
- -----------------------------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.0019748065 0.0178019305
2G-A2 125714CS2 27,342,000.00 0.0022271041 0.006782607
2G-A3 125714CT0 25,200,000.00
2G-A4 125714CU7 15,000,000.00 0.0051998907 0.0383607813
2G-A5 125714A#2 100,190,000.00 0.0059860366 0
2G-B1 125714A@4 4,936,000.00 0.0056703647 0.0012592403
2G-B2 125714B#1 3,701,000.00 0.0056703648 0.0012592407
2G-B3 125714B*5 1,481,000.00 0.0056703646 0.001259237
2G-B4 125714B@3 740,000.00 0.0056703649 0.0012592432
2G-B5 125714C#0 1,481,547.00 0.0040378334 0.0008966776
2G-M 125714A*6 7,403,000.00 0.0056703647 0.0012592395
2GA3IO 125714CP8 0.00 0 0
2GA4IO 125714CQ6 0.00 0.0003066313 0
1993-2H 6/25/98 315,871,665.00 62,279,880.10
- -----------------------------------------------------------------------
2H-A1 125714CG8 180,386,000.00 0.0013155632 0.0173202118
2H-A2 125714CH6 125,000,000.00 0.0014259195 0.0187731234
2H-A3 125714CJ2 10,485,000.00
1993-2I 6/25/98 367,955,786.00 89,497,239.15
- -----------------------------------------------------------------------
2I-3IO 125714CL7 0.00 0.0000894056 0
2I-A1 125714CE3 237,519,000.00 0.0017708611 0.0094975143
2I-A2 125714CD5 130,435,853.00 0.0012591999 0.0248661408
<CAPTION>
SERIES
CLASS CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- ---------------------------------------------------------------------
<S> <C> <C> <C>
1993-2F
- ------------
A 50,454,857.84 100.00 0.2263910055
1993-2G
- ------------
2G-A1 18,423,901.16 11.51 0.3121002365
2G-A2 9,987,136.96 6.24 0.3652672431
2G-A3
2G-A4 13,223,004.85 8.26 0.8815336567
2G-A5 100,190,000.00 62.60 1
2G-B1 4,669,485.77 2.92 0.9460060312
2G-B2 3,501,168.31 2.19 0.9460060281
2G-B3 1,401,034.94 0.88 0.9460060365
2G-B4 700,044.46 0.44 0.946006027
2G-B5 948,718.39 0.59 0.6403565935
2G-M 7,003,282.41 4.38 0.9460059989
2GA3IO
2GA4IO
1993-2H
- --------------
2H-A1 35,566,401.43 57.11 0.1971683026
2H-A2 26,713,478.67 42.89 0.2137078294
2H-A3
1993-2I
- --------------
2I-3IO
2I-A1 63,277,062.40 70.70 0.2664084237
2I-A2 26,220,176.75 29.30 0.2010197054
</TABLE>
Page 3 of 4
<PAGE> 4
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS JUNE 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
- ------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1995-A 6/25/98 176,490,904.00 59,347,357.46
- -----------------------------------------------------------------------
A1 125714CV5 82,117,691.00 0.0023863886 0.0142192913
A2 125714CW3 94,373,113.00 0.002021542 0.0056251344
R 125714CX1 100.00
1996-A 6/25/98 115,119,131.00 47,468,255.16
- -----------------------------------------------------------------------
A 125714CY9 115,119,031.00 0.0026694633 0.0187484806
R 125714CZ6 100.00
1996-B 6/25/98 207,490,355.00 100,503,718.32
- -----------------------------------------------------------------------
A1 125714DA0 0.00000 41,914,009.00 0.0025259037 0.0333005986
A2 125714DB8 0.00000 165,576,246.00 0.003329624 0.0278681511
R 125714DC6 100.00
1996-C 6/25/98 266,806,262.00 90,882,751.72
- -----------------------------------------------------------------------
A 125714DD4 0.00000 266,806,062.00 0.0018074426 0.019377652
R N/A 100.00
X N/A 100.00
<CAPTION>
SERIES
CLASS CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- ----------------------------------------------------------------------
<S> <C> <C> <C>
1995-A
- ------------
A1 29,355,038.50 49.46 0.3574752059
A2 29,992,318.96 50.54 0.3178057606
R
1996-A
- ------------
A 47,468,255.16 100.00 0.4123406421
R
1996-B
- ------------
A1 15,497,797.38 15.42 0.3697522081
A2 85,005,920.94 84.58 0.513394421
R
1996-C
- ------------
A 90,882,751.72 100.00 0.3406322594
R
X
</TABLE>
Page 4 of 4
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