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<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: FEBRUARY 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
----
ITEM NUMBER
<S> <C> <C>
Item 5. Other Events....................................................................... 3
Item 7. Financial Statements and Exhibits.................................................. 3
SIGNATURES ................................................................................... 3
</TABLE>
<PAGE> 3
ITEM 5. OTHER EVENTS.
Monthly distributions of principal and interest are made with respect to the
outstanding Series of CMC Securities Corporation II's REMIC Pass-Through
Certificates listed below as of the 25th day of each calendar month (each, a
"Distribution Date"). In connection with each Distribution Date for each
outstanding Series, the Trustee receives a report (each, a "Collateral Summary
and Remittance Report") containing certain information regarding remittances on
the collateral underlying the related Certificates. Based on such information,
the Trustee is required to prepare and mail to each Certificateholder of each
outstanding Series on each Distribution Date a statement to certificateholders
(each, a "Statement to Certificateholders") setting forth certain information
regarding the Certificates of such Series as of such Distribution Date. Relevant
information contained in the Collateral Summary and Remittance Report and
Statement to Certificateholders for the FEBRUARY 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 $1,411,052.84
Series 1993-2B $1,173,924.71
Series 1993-2C $1,200,242.34
Series 1993-2D $1,618,868.34
Series 1993-2E $2,463,229.35
Series 1993-2F $992,276.69
Series 1993-2G $2,970,250.19
Series 1993-2H $2,870,782.68
Series 1993-2I $3,641,914.64
Series 1995-A $1,906,115.32
Series 1996-A $1,995,548.61
Series 1996-B $4,419,927.96
Series 1996-C $4,468,807.26
</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
April 1, 1998 By: /s/ Phillip A. Reinsch
-----------------------------------
Phillip A. Reinsch - 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
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 28-FEB-98
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2A 93-2B 93-2C 93-2D
---------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 57,760,336.41 $ 48,017,555.00 $ 119,494,367.08 $ 77,325,193.03
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 64,887.50 50,313.91 145,958.95 467,607.53
Additional Principal Distribution 9,904.13 17,161.08 62,788.93 119,248.77
Liquidations Distribution 972,756.36 796,238.20 258,153.11 591,453.05
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 56,712,788.42 $ 47,153,841.81 $ 119,027,466.09 $ 76,146,883.68
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 363,260.93 $ 310,211.52 $ 732,956.32 $ 439,478.11
Compensating Interest 243.91 -- 384.16 1,080.88
Trustee Fee (Tx. Com. Bk.) 649.80 600.20 1,493.68 966.56
Pool Insurance Premium (PMI Mtg. Ins.) -- -- -- --
Pool Insurance (GE Mort. Ins.) 13,978.00 13,780.92 -- 12,449.36
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) 2,743.62 1,436.53 -- --
Bond Manager Fee (Capstead) 914.54 800.29 1,493.68 1,127.66
Excess Compensating Interest (Capstead) -- 2,990.49 -- --
Administrative Fee (Capstead) 1,564.26 (3.55) 4,979.02 2,416.34
Administrative Fee (Other) -- -- -- --
Excess--Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- -- --
Other -- (70.23) -- --
---------------- ---------------- ---------------- ----------------
Total Fees 19,850.22 19,534.65 7,966.38 16,959.92
---------------- ---------------- ---------------- ----------------
Servicing Fee 19,505.91 14,935.27 31,646.41 21,912.94
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 402,860.97 $ 344,681.44 $ 772,953.27 $ 479,431.85
================ ================ ================ ================
LOAN COUNT 214 168 432 324
WEIGHTED AVERAGE PASS-THROUGH RATE 7.551995627 7.847181 7.364435642 6.836979868
</TABLE>
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2E.A 93-2E.B
---------------- -----------------
<S> <C> <C>
BEGINNING SECURITY BALANCE $ 51,274,053.25 $ 135,612,459.85
Loans Repurchased
Scheduled Principal Distribution 298,186.55 157,487.71
Additional Principal Distribution 24,350.70 65,103.99
Liquidations Distribution -- 827,010.60
Accelerated Prepayments
Adjustments (Cash)
Losses/Foreclosures -- --
Special Hazard Account -- --
---------------- ----------------
Ending Security Balance $ 50,951,516.00 $ 134,562,857.55
================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 286,052.28 $ 804,006.18
Compensating Interest -- 1,031.34
Trustee Fee (Tx. Com. Bk.) 555.47 1,469.13
Pool Insurance Premium (PMI Mtg. Ins.) 11,280.29 29,834.74
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) 640.93 1,695.16
Excess Compensating Interest (Capstead) -- --
Administrative Fee (Capstead) 1,816.07 4,803.20
Administrative Fee (Other) -- --
Excess--Fees -- --
Special Hazard Insurance (Aetna Casualty) -- --
Other -- --
---------------- ----------------
Total Fees 14,292.76 37,802.23
---------------- ----------------
Servicing Fee 14,760.03 35,854.52
Interest on Accelerated Prepayments -- --
---------------- -------------------
Total Interest Distribution $ 315,105.07 $ 878,694.27
================ ===================
213 460
LOAN COUNT
WEIGHTED AVERAGE PASS-THROUGH RATE 6.694667463 7.123571279
</TABLE>
Page 1 of 4
<PAGE> 2
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 28-FEB-98
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2F 93-2G 93-2H.1 93-2H.2
--------------- ---------------- --------------- ---------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 59,801,307.00 $ 172,294,722.44 $ 52,591,574.74 $ 29,480,634.00
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 66,187.88 218,807.50 53,757.85 29,726.39
Additional Principal Distribution 23,294.95 101,128.48 17,190.21 6,151.92
Liquidations Distribution 528,905.76 1,618,371.74 2,033,574.50 210,179.87
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- 58,031.82 -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
--------------- ---------------- --------------- ---------------
Ending Security Balance $ 59,182,918.41 $ 170,298,382.90 $ 50,487,052.18 $ 29,234,575.82
=============== ================ =============== ===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 373,888.21 $ 1,029,199.90 $ 328,691.27 $ 191,510.75
Compensating Interest -- 2,742.57 -- --
Trustee Fee (Tx. Com. Bk.) 747.51 1,938.32 657.39 368.48
Pool Insurance Premium (PMI Mtg. Ins.) 17,162.95 -- -- --
Pool Insurance (GE Mort. Ins.) -- -- 15,461.92 8,460.96
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) 1,789.02 -- --
Bond Manager Fee (Capstead) 996.69 2,153.68 -- 1,367.87
Excess Compensating Interest (Capstead) 1,510.77 -- 3,375.40 205.94
Administrative Fee (Capstead) 0.16 7,179.08 2,191.36 267.68
Administrative Fee (Other) -- -- -- --
Excess--Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- 1,363.00 881.98
Other (0.11) -- -- (0.08)
--------------- ---------------- --------------- ---------------
Total Fees 22,206.99 11,271.08 23,049.07 11,552.83
--------------- ---------------- --------------- ---------------
Servicing Fee 19,069.76 43,528.90 16,434.88 9,887.49
Interest on Accelerated Prepayments -- -- -- --
--------------- ---------------- --------------- ---------------
Total Interest Distribution $ 415,164.96 $ 1,086,742.45 $ 368,175.22 $ 212,951.07
=============== ================ =============== ===============
LOAN COUNT 209 621 189 95
WEIGHTED AVERAGE PASS-THROUGH RATE 7.552918 7.1872832 7.49986145 7.678375
</TABLE>
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2I 93-2I.1
--------------- ---------------
<S> <C> <C>
BEGINNING SECURITY BALANCE $ 36,688,506.49 $ 37,173,824.98
Loans Repurchased -- --
Scheduled Principal Distribution 42,694.49 36,612.36
Additional Principal Distribution 5,656.03 3,990.42
Liquidations Distribution 581,136.57 1,334,004.95
Accelerated Prepayments --
Adjustments (Cash) 30.06 --
Losses/Foreclosures 126,667.34 --
Special Hazard Account -- --
--------------- ---------------
Ending Security Balance $ 35,932,322.00 $ 35,799,217.25
=============== ===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 238,584.33 $ 241,010.19
Compensating Interest -- --
Trustee Fee (Tx. Com. Bk.) 458.58 464.67
Pool Insurance Premium (PMI Mtg. Ins.) -- --
Pool Insurance (GE Mort. Ins.) 10,431.76 10,929.09
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) 1,882.12 2,652.08
Administrative Fee (Capstead) 242.20 1,548.86
Administrative Fee (Other) -- --
Excess--Fees -- --
Special Hazard Insurance (Aetna Casualty) 1,097.55 963.43
Other 0.07 --
-- --
--------------- -------------
Total Fees 14,112.28 16,558.13
--------------- -------------
Servicing Fee 11,465.16 11,616.78
Interest on Accelerated Prepayments -- --
--------------- -------------
Total Interest Distribution $ 264,161.77 $ 269,185.10
=============== =============
LOAN COUNT 144 150
WEIGHTED AVERAGE PASS-THROUGH RATE 7.86844 7.779996494
</TABLE>
Page 2 of 4
<PAGE> 3
CAPSTEAD MORTGAGE CORPORATION EXHIBIT 28.1
MASTER SERVICING DIVISION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING 28-FEB-98
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2I.2 1995-A 1996-A 1996-B
--------------- --------------- --------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 39,064,707.42 $ 74,942,124.00 $ 59,343,753.83 $ 128,932,694.70
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 36,166.15 65,771.74 60,562.06 128,168.77
Additional Principal Distribution 3,715.29 73,001.61 13,190.16 10,686.96
Liquidations Distribution 735,655.69 1,284,432.09 1,552,381.52 3,463,971.25
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
--------------- --------------- --------------- ----------------
Ending Security Balance $ 38,289,170.29 $ 73,518,918.56 $ 57,717,620.09 $ 125,329,867.72
================ ================ ================ =================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 255,990.18 $ 482,909.87 $ 369,414.88 $ 817,100.98
Compensating Interest -- -- -- --
Trustee Fee (Tx. Com. Bk.) 488.31 624.52 741.80 1,611.66
Pool Insurance Premium (PMI Mtg. Ins.) 11,273.42 -- -- 34,844.06
Pool Insurance (GE Mort. Ins.) -- 28,103.30 17,091.00 --
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) 1,868.74 -- -- 3,246.14
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) -- -- -- --
Excess Compensating Interest (Capstead) 347.40 1,105.35 5,891.35 5,203.49
Administrative Fee (Capstead) 1,627.66 1,993.19 2,472.66 5,372.27
Administrative Fee (Other) -- -- -- --
Excess--Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) 1,168.69 1,717.42 1,359.96 3,728.30
Other -- -- -- --
--------------- --------------- --------------- ----------------
Total Fees 16,774.22 33,543.78 27,556.77 54,005.92
--------------- --------------- --------------- ----------------
Servicing Fee 12,207.76 23,419.52 16,516.72 37,702.36
Interest on Accelerated Prepayments -- -- -- --
--------------- --------------- --------------- ----------------
Total Interest Distribution $ 284,972.16 $ 539,873.17 $ 413,488.37 $ 908,809.26
=============== =============== =============== ================
LOAN COUNT 158 330 210 435
WEIGHTED AVERAGE PASS-THROUGH RATE 7.863573959 7.732524955 7.470000251 7.604907183
</TABLE>
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-C.1 1996-C.2
--------------- ---------------
<S> <C> <C>
BEGINNING SECURITY BALANCE $ 29,082,405.04 $ 46,419,251.90
Loans Repurchased -- --
Scheduled Principal Distribution 24,750.65 45,310.22
Additional Principal Distribution 44,276.53 140,586.52
Liquidations Distribution 433,426.01 1,717,467.70
Accelerated Prepayments -- --
Adjustments (Cash) -- 64,601.62
Losses/Foreclosures -- --
Special Hazard Account -- --
--------------- ---------------
Ending Security Balance $ 28,579,951.85 $ 44,451,285.84
=============== ===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 189,970.77 $ 304,171.01
Compensating Interest -- 2,999.13
Trustee Fee (Tx. Com. Bk.) 363.53 386.83
Pool Insurance Premium (PMI Mtg. Ins.) -- --
Pool Insurance (GE Mort. Ins.) 8,375.73 --
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) 1,286.89 401.45
Administrative Fee (Capstead) 1,454.19 966.99
Administrative Fee (Other) -- --
Excess--Fees -- --
Special Hazard Insurance (Aetna Casualty) 666.47 --
Other -- --
--------------- ---------------
Total Fees 12,146.81 1,755.27
--------------- ---------------
Servicing Fee 9,088.26 10,901.50
Interest on Accelerated Prepayments -- --
--------------- ---------------
Total Interest Distribution $ 211,205.84 $ 319,826.91
=============== ===============
LOAN COUNT 117 199
WEIGHTED AVERAGE PASS-THROUGH RATE 7.838585691 7.940760631
</TABLE>
Page 3 of 4
<PAGE> 4
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 28-FEB-98
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-C.3
---------------
<S> <C>
BEGINNING SECURITY BALANCE $ 47,057,257.45
Loans Repurchased --
Scheduled Principal Distribution 39,962.85
Additional Principal Distribution 6,389.65
Liquidations Distribution 1,227,581.14
Accelerated Prepayments --
Adjustments (Cash) --
Losses/Foreclosures --
Special Hazard Account --
---------------
Ending Security Balance $ 45,783,323.81
===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 291,915.08
Compensating Interest --
Trustee Fee (Tx. Com. Bk.) 392.15
Pool Insurance Premium (PMI Mtg. Ins.) --
Pool Insurance (GE Mort. Ins.) --
Pool Insurance (United Guaranty Ins.) 17,528.82
Backup for Pool Insurance (Fin. Sec. Assur. --
Special Hazard Insurance (Comm. and Ind.) --
Bond Manager Fee (Capstead) 11,047.10
Excess Compensating Interest (Capstead) 4,913.21
Administrative Fee (Capstead) 1,864.25
Administrative Fee (Other) --
Excess--Fees --
Special Hazard Insurance (Aetna Casualty) 1,360.74
Other --
---------------
Total Fees 37,106.27
---------------
Servicing Fee 14,705.42
Interest on Accelerated Prepayments --
---------------
Total Interest Distribution $ 343,726.77
===============
200
LOAN COUNT 7.725793
WEIGHTED AVERAGE PASS-THROUGH RATE
</TABLE>
Page 4 of 4
<PAGE> 1
EXHIBIT 28.2
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS FEBRUARY 1998 DISTRIBUTION
<TABLE>
<CAPTION>
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLOSING BALANCE INTEREST PAID PRINCIPAL PAID
CLASS CUSIP NUMBER COUPON PER CLASS PER $1000 PER $1000
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1993-2A 1/25/98 149,572,077.00 57,760,334.49
- -----------------------------------------------------------------------
A 125714AC9 34,791,000.00
D 125714AD7 8,535,000.00
E 125714AE5 7.25000 28,652,000.00 0.0048298377 0.0483217311
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 0.0015182682 0.0128207191
J 125714AK1 7.25000 2,901,000.00 0.0060416684 0
KPO 125714AM7 0.00000 772,949.00 0 0.0085637474
LIO 125714AN5 0.00 0.0001134864 0
R 125714AL9 7.25000 128.00 0.006015625 0
1993-2B 1/25/98 189,529,970.00 48,017,562.56
- -----------------------------------------------------------------------
2B-A 125714AP0 189,529,000.00 0.0016933341 0.0125592465
1993-2C 1/25/98 207,040,201.00 119,494,333.71
- -----------------------------------------------------------------------
A-2 125714BB0 6.50000 27,680,000.00 0.0011156608 0.0078006553
A-3 125714BC8 10,312,000.00 0.0016630498 0.0078006497
A-4 125714BD6 33,521,000.00 0.0026279261 0.0162149649
A-5 000005CQR 84,357,000.00 0.0061380166 0
A-R 125714AZ8 1,000.00 0.00614 0
B-1 000007CQR 5,694,392.00 0.0058473758 0.0011510483
B-2 000008CQR 3,623,203.00 0.0058474118 0.0011510561
B-3 000009CQR 2,588,003.00 0.0058474121 0.0011510574
B-4 000010CQR 1,345,761.00 0.0058474127 0.0011510588
B-5 000011CQR 621,120.00 0.0058474047 0.0011510497
B-6 000012CQR 1,138,722.00 0.0036497495 0.0007181384
<CAPTION>
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLOSING BALANCE CURRENT BALANCE % OF CURRENT CURRENT
CLASS CUSIP NUMBER COUPON PER CLASS PER CLASS BALANCE FACTOR
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1993-2A 1/25/98 149,572,077.00 57,760,334.49
- -----------------------------------------------------------------------
A 125714AC9 34,791,000.00
D 125714AD7 8,535,000.00
E 125714AE5 7.25000 28,652,000.00 21,520,508.35 37.26 0.7510996911
F 125714AG0 7.25000 10,692,000.00 10,692,000.00 18.51 1
G 125714AH8 7.25000 16,410,000.00 16,410,000.00 28.41 1
H 125714AJ4 7.25000 3,006,000.00 3,006,000.00 5.20 1
I 125714AF2 7.25000 12,057,000.00 2,875,338.77 4.98 0.2384787899
J 125714AK1 7.25000 2,901,000.00 2,901,000.00 5.02 1
KPO 125714AM7 0.00000 772,949.00 355,359.37 0.62 0.459744912
LIO 125714AN5 0.00
R 125714AL9 7.25000 128.00 128.00 0.00 1
1993-2B 1/25/98 189,529,970.00 48,017,562.56
- -----------------------------------------------------------------------
2B-A 125714AP0 189,529,000.00 48,017,562.56 100.00 0.2533520599
1993-2C 1/25/98 207,040,201.00 119,494,333.71
- -----------------------------------------------------------------------
A-2 125714BB0 6.50000 27,680,000.00 5,485,276.58 4.59 0.1981675065
A-3 125714BC8 10,312,000.00 2,043,504.97 1.71 0.1981676658
A-4 125714BD6 33,521,000.00 13,808,114.64 11.56 0.4119243054
A-5 000005CQR 84,357,000.00 84,357,000.00 70.59 1
A-R 125714AZ8 1,000.00 1,000.00 0.00 1
B-1 000007CQR 5,694,392.00 5,418,202.00 4.53 0.9514978948
B-2 000008CQR 3,623,203.00 3,447,491.87 2.89 0.9515039235
B-3 000009CQR 2,588,003.00 2,462,495.01 2.06 0.9515039241
B-4 000010CQR 1,345,761.00 1,280,496.85 1.07 0.9515039075
B-5 000011CQR 621,120.00 590,998.12 0.49 0.9515039284
B-6 000012CQR 1,138,722.00 599,753.67 0.50 0.5266901579
</TABLE>
Page 1 of 4
<PAGE> 2
EXHIBIT 28.2
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS FEBRUARY 1998 DISTRIBUTION
<TABLE>
<CAPTION>
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLOSING BALANCE INTEREST PAID PRINCIPAL PAID
CLASS CUSIP NUMBER COUPON PER CLASS PER $1000 PER $1000
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1993-2D 1/25/98 175,093,365.00 77,325,192.56
- -----------------------------------------------------------------------
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.0010813303 0.0129313777
B 125714AT2 39,792,000.00 0.0021626558 0.02586264
C 125714AU9 29,251,000.00 0.0056983382 0
D 125714AV7 17,072,000.00 0.0056983382 0
E 125714AW5 1,897,000.00 0.0056983395 0
F 125714AX3 10,300,365.00 0.0056983379 0
R 125714AY1 1,000.00 0.0057 0
1993-2E 1/25/98 317,870,015.00 186,887,315.54
- -----------------------------------------------------------------------
15A 125714BE4 6.75000 86,454,000.00 0.0029989924 0.0114778496
15B 125714BF1 6.75000 9,494,478.45 0.0029989927 0.0114778506
15CPO 125714BG9 0.00000 1,972,695.84 0 0.013253147
15DIO 125714BH7 5,911.86 0.7792658999 0.009661705
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 0.003963745 0.0802194669
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 0.0039958456 0
30K 125714CB9 17,252,571.43 0.0063281531 0
30NIO 125714BR5 0.00 0.0000841044 0
30PPO 125714BS3 0.00000 1,089,658.82 0 0.0067571415
<CAPTION>
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLOSING BALANCE CURRENT BALANCE % OF CURRENT CURRENT
CLASS CUSIP NUMBER COUPON PER CLASS PER CLASS BALANCE FACTOR
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1993-2D 1/25/98 175,093,365.00 77,325,192.56
- -----------------------------------------------------------------------
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 4,730,936.46 6.12 0.1768309957
B 125714AT2 39,792,000.00 14,072,891.10 18.20 0.3536613163
C 125714AU9 29,251,000.00 29,251,000.00 37.83 1
D 125714AV7 17,072,000.00 17,072,000.00 22.08 1
E 125714AW5 1,897,000.00 1,897,000.00 2.45 1
F 125714AX3 10,300,365.00 10,300,365.00 13.32 1
R 125714AY1 1,000.00 1,000.00 0.00 1
1993-2E 1/25/98 317,870,015.00 186,887,315.54
- -----------------------------------------------------------------------
15A 125714BE4 6.75000 86,454,000.00 45,101,008.46 24.13 0.521676365
15B 125714BF1 6.75000 9,494,478.45 4,953,044.98 2.65 0.5216763871
15CPO 125714BG9 0.00000 1,972,695.84 1,217,845.52 0.65 0.6173508336
15DIO 125714BH7 5,911.86 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
30D 125714BU8 7.00000 922,000.00 0.02 0.00 0.0000000217
30E 125714BV6 7.00000 29,092,000.00 17,434,244.43 9.33 0.5992796793
30F 125714BW4 7.00000 11,747,000.00 11,747,000.00 6.29 1
30G 125714BX2 7.00000 24,409,000.00 24,409,000.00 13.06 1
30H 125714BY0 7.00000 21,450,000.00 21,450,000.00 11.48 1
30I 125714BZ7 7.00000 13,542,000.00 13,542,000.00 7.25 1
30J 125714CA1 40,256,000.00 32,403,578.22 17.34 0.8049378532
30K 125714CB9 17,252,571.43 13,887,247.79 7.43 0.8049378722
30NIO 125714BR5 0.00
30PPO 125714BS3 0.00000 1,089,658.82 739,388.88 0.40 0.6785507026
</TABLE>
Page 2 of 4
<PAGE> 3
EXHIBIT 28.2
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS FEBRUARY 1998 DISTRIBUTION
<TABLE>
<CAPTION>
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLOSING BALANCE INTEREST PAID PRINCIPAL PAID
CLASS CUSIP NUMBER COUPON PER CLASS PER $1000 PER $1000
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1993-2F 1/25/98 222,866,291.00 59,801,310.80
- -----------------------------------------------------------------------
A 125714BJ3 222,866,000.00 0.0017063377 0.0084076158
1993-2G 1/25/98 246,780,547.00 172,294,731.44
- -----------------------------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.0026497542 0.0121614311
2G-A2 125714CS2 27,342,000.00 0.002485188 0.0046335542
2G-A3 125714CT0 25,200,000.00 0.0004738964 0.0155989619
2G-A4 125714CU7 15,000,000.00 0.0056564633 0
2G-A5 125714A#2 100,190,000.00 0.0059897967 0
2G-B1 125714A@4 4,936,000.00 0.005710314 0.0011966977
2G-B2 125714B#1 3,701,000.00 0.0057103134 0.0011966982
2G-B3 125714B*5 1,481,000.00 0.0057103106 0.0011966982
2G-B4 125714B@3 740,000.00 0.0057103108 0.0011967027
2G-B5 125714C#0 1,481,547.00 0.0043014903 0.0009013889
2G-M 125714A*6 7,403,000.00 0.0057103134 0.0011966973
2GA3IO 125714CP8 0.00 0.0001046349 0
2GA4IO 125714CQ6 0.00 0.0003333333 0
1993-2H 1/25/98 315,871,665.00 82,072,210.42
- -----------------------------------------------------------------------
2H-A1 125714CG8 180,386,000.00 0.0016837988 0.0069152001
2H-A2 125714CH6 125,000,000.00 0.0018250448 0.0074952839
2H-A3 125714CJ2 10,485,000.00
1993-2I 1/25/98 367,955,786.00 112,927,038.87
- -----------------------------------------------------------------------
2I-3IO 125714CL7 0.00 0.0001246545 0
2I-A1 125714CE3 237,519,000.00 0.002163587 0.0169736414
2I-A2 125714CD5 130,435,853.00 0.001796348 0.0141736768
<CAPTION>
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLOSING BALANCE CURRENT BALANCE % OF CURRENT CURRENT
CLASS CUSIP NUMBER COUPON PER CLASS PER CLASS BALANCE FACTOR
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1993-2F 1/25/98 222,866,291.00 59,801,310.80
- -----------------------------------------------------------------------
A 125714BJ3 222,866,000.00 59,801,310.80 100.00 0.2683285508
1993-2G 1/25/98 246,780,547.00 172,294,731.44
- -----------------------------------------------------------------------
2G-A1 125714CR4 59,032,000.00 25,396,543.58 14.74 0.4302165534
2G-A2 125714CS2 27,342,000.00 11,217,603.28 6.51 0.4102700344
2G-A3 125714CT0 25,200,000.00 2,040,877.73 1.18 0.0809872115
2G-A4 125714CU7 15,000,000.00 15,000,000.00 8.71 1
2G-A5 125714A#2 100,190,000.00 100,190,000.00 58.15 1
2G-B1 125714A@4 4,936,000.00 4,699,779.71 2.73 0.9521433772
2G-B2 125714B#1 3,701,000.00 3,523,882.63 2.05 0.9521433748
2G-B3 125714B*5 1,481,000.00 1,410,124.34 0.82 0.9521433761
2G-B4 125714B@3 740,000.00 704,586.11 0.41 0.9521433919
2G-B5 125714C#0 1,481,547.00 1,062,616.86 0.62 0.7172346608
2G-M 125714A*6 7,403,000.00 7,048,717.20 4.09 0.9521433473
2GA3IO 125714CP8 0.00
2GA4IO 125714CQ6 0.00
1993-2H 1/25/98 315,871,665.00 82,072,210.42
- -----------------------------------------------------------------------
2H-A1 125714CG8 180,386,000.00 46,869,280.71 57.11 0.2598277068
2H-A2 125714CH6 125,000,000.00 35,202,929.71 42.89 0.2816234377
2H-A3 125714CJ2 10,485,000.00
1993-2I 1/25/98 367,955,786.00 112,927,038.87
- -----------------------------------------------------------------------
2I-3IO 125714CL7 0.00
2I-A1 125714CE3 237,519,000.00 75,753,213.81 67.08 0.3189353854
2I-A2 125714CD5 130,435,853.00 37,173,825.06 32.92 0.2849969867
</TABLE>
Page 3 of 4
<PAGE> 4
EXHIBIT 28.2
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS FEBRUARY 1998 DISTRIBUTION
<TABLE>
<CAPTION>
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLOSING BALANCE INTEREST PAID PRINCIPAL PAID
CLASS CUSIP NUMBER COUPON PER CLASS PER $1000 PER $1000
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1995-A 1/25/98 176,490,904.00 74,942,122.98
- -----------------------------------------------------------------------
A1 125714CV5 82,117,691.00 0.0030318317 0.0120250277
A2 125714CW3 94,373,113.00 0.0025847239 0.0126228319
R 125714CX1 100.00
1996-A 1/25/98 115,119,131.00 59,343,752.96
- -----------------------------------------------------------------------
A 125714CY9 115,119,031.00 0.0033310533 0.0147210152
R 125714CZ6 100.00
1996-B 1/25/98 207,490,355.00 128,932,693.60
- -----------------------------------------------------------------------
A1 125714DA0 0.00000 41,914,009.00 0.003716624 0.0339068406
A2 125714DB8 0.00000 165,576,246.00 0.004158011 0.0279233415
R 125714DC6 100.00
1996-C 1/25/98 266,806,262.00 120,513,821.99
- -----------------------------------------------------------------------
A 125714DD4 0.00000 266,806,062.00 0.0025940919 0.0227177525
R N/A 100.00
X N/A 100.00
<CAPTION>
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLOSING BALANCE CURRENT BALANCE % OF CURRENT CURRENT
CLASS CUSIP NUMBER COUPON PER CLASS PER CLASS BALANCE FACTOR
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1995-A 1/25/98 176,490,904.00 74,942,122.98
- -----------------------------------------------------------------------
A1 125714CV5 82,117,691.00 37,389,774.36 49.89 0.4553193582
A2 125714CW3 94,373,113.00 37,552,348.62 50.11 0.3979136369
R 125714CX1 100.00
1996-A 1/25/98 115,119,131.00 59,343,752.96
- -----------------------------------------------------------------------
A 125714CY9 115,119,031.00 59,343,752.96 100.00 0.515499066
R 125714CZ6 100.00
1996-B 1/25/98 207,490,355.00 128,932,693.60
- -----------------------------------------------------------------------
A1 125714DA0 0.00000 41,914,009.00 22,835,022.11 17.71 0.5448064419
A2 125714DB8 0.00000 165,576,246.00 106,097,671.49 82.29 0.6407783366
R 125714DC6 100.00
1996-C 1/25/98 266,806,262.00 120,513,821.99
- -----------------------------------------------------------------------
A 125714DD4 0.00000 266,806,062.00 120,513,821.99 100.00 0.451690719
R N/A 100.00
X N/A 100.00
</TABLE>
Page 4 of 4
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