<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: OCTOBER 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
PAGE
----
ITEM NUMBER
Item 5. Other Events.......................................... 3
Item 7. Financial Statements and Exhibits..................... 3
SIGNATURES ............................................................. 3
<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 OCTOBER 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 $2,290,355.08
Series 1993-2B $1,229,585.27
Series 1993-2C $3,258,171.34
Series 1993-2D $1,796,743.05
Series 1993-2E $4,728,522.91
Series 1993-2F $2,784,361.37
Series 1993-2G $2,898,022.47
Series 1993-2H $1,844,761.52
Series 1993-2I $2,932,255.22
Series 1995-A $3,511,961.81
Series 1996-A $1,035,151.38
Series 1996-B $3,981,308.90
Series 1996-C $4,891,405.45
</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
December 16, 1998 By: s/s Phillip A. Reinsch
--------------------------------
Phillip A. Reinsch - Senior Vice
President
<PAGE> 4
INDEX TO 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> 1
CAPSTEAD MORTGAGE CORPORATION EXHIBIT 28.1
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-OCT-98
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2A 93-2B 93-2C 93-2D
---------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 44,355,210.44 $ 32,977,696.00 $ 100,023,202.90 $ 64,082,034.96
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 54,344.33 37,063.13 133,192.30 429,319.97
Additional Principal Distribution 8,150.12 3,215.79 24,510.16 56,858.28
Liquidations Distribution 1,949,081.87 981,026.78 2,487,776.40 946,626.66
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 42,343,634.12 $ 31,956,390.30 $ 97,377,724.04 $ 62,649,230.05
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 273,505.67 $ 208,279.57 $ 610,499.80 $ 362,248.10
Compensating Interest 5,253.07 -- 2,192.68 1,690.04
Trustee Fee (Tx. Com. Bk.) 499.00 409.43 1,250.29 801.03
Pool Insurance Premium (PMI Mtg. Ins.) -- -- -- --
Pool Insurance (GE Mort. Ins.) 10,733.96 9,400.18 -- 10,317.21
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) 2,106.87 979.92 -- --
Bond Manager Fee (Capstead) 702.29 549.63 1,250.29 934.53
Excess Compensating Interest (Capstead) -- 1,955.73 -- --
Administrative Fee (Capstead) 1,201.28 -- 4,167.77 2,002.58
Administrative Fee (Other) -- (0.10) -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- -- --
Other -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Fees 15,243.40 13,294.79 6,668.35 14,055.35
---------------- ---------------- ---------------- ----------------
Servicing Fee 14,561.16 10,235.34 25,847.67 18,021.02
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 308,563.30 $ 231,809.70 $ 645,208.50 $ 396,014.51
================ ================ ================ ================
LOAN COUNT 168 116 372 281
WEIGHTED AVERAGE PASS-THROUGH RATE 7.541627797 7.670086 7.350604207 6.81510455
</TABLE>
<PAGE> 2
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-OCT-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 $ 42,432,443.06 $ 115,387,833.27 $ 44,325,983.00 $ 150,760,850.34
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 274,366.28 144,921.67 50,767.94 198,811.75
Additional Principal Distribution 56,045.33 29,690.07 3,246.88 74,180.83
Liquidations Distribution 1,516,304.13 1,786,590.54 2,466,404.08 1,723,397.51
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 40,585,727.32 $ 113,426,630.99 $ 41,805,564.10 $ 148,764,460.25
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 231,688.13 $ 679,517.02 $ 263,942.60 $ 898,641.77
Compensating Interest 4,772.37 4,627.34 -- 2,990.61
Trustee Fee (Tx. Com. Bk.) 459.68 1,250.03 554.06 1,696.06
Pool Insurance Premium (PMI Mtg. Ins.) 9,335.14 25,385.32 -- --
Pool Insurance (GE Mort. Ins.) -- -- 12,721.56 --
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- 1,326.10 --
Bond Manager Fee (Capstead) 530.41 1,442.35 738.77 1,884.51
Excess Compensating Interest (Capstead) -- -- 10,462.48 --
Administrative Fee (Capstead) 1,502.82 4,086.89 -- 6,281.93
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- -- --
Other -- -- (0.13) --
---------------- ---------------- ---------------- ----------------
Total Fees 11,828.05 32,164.59 25,802.84 9,862.50
---------------- ---------------- ---------------- ----------------
Servicing Fee 12,010.95 30,092.13 14,230.09 37,328.40
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 260,299.50 $ 746,401.08 $ 303,975.53 $ 948,823.28
================ ================ ================ ================
LOAN COUNT 187 395 155 548
WEIGHTED AVERAGE PASS-THROUGH RATE 6.68716151 7.114902921 7.448728 7.176656629
</TABLE>
<PAGE> 3
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-OCT-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 $ 31,295,223.22 $ 22,532,209.00 $ 26,428,079.73 $ 23,081,820.72
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 34,784.82 26,920.46 28,392.72 24,139.51
Additional Principal Distribution (193.70) 5,544.22 2,684.67 82,494.20
Liquidations Distribution 877,697.03 571,527.08 943,539.95 710,707.30
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- 19.46 --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 30,382,935.07 $ 21,928,217.24 $ 25,453,442.93 $ 22,264,479.71
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 192,173.26 $ 136,307.99 $ 166,341.86 $ 145,151.37
Compensating Interest -- -- -- --
Trustee Fee (Tx. Com. Bk.) 391.18 281.64 330.31 288.52
Pool Insurance Premium (PMI Mtg. Ins.) -- -- -- --
Pool Insurance (GE Mort. Ins.) 9,200.80 6,466.76 7,514.42 6,786.06
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) -- 897.12 1,312.26 --
Excess Compensating Interest (Capstead) 855.57 -- 2,247.47 2,394.97
Administrative Fee (Capstead) 1,303.97 221.28 150.17 961.71
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) 811.07 674.13 790.64 598.20
Other -- 0.09 0.01 --
---------------- ---------------- ---------------- ----------------
Total Fees 12,562.59 8,541.02 12,345.28 11,029.46
---------------- ---------------- ---------------- ----------------
Servicing Fee 9,779.82 7,710.50 8,258.79 7,213.11
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 214,515.67 $ 152,559.51 $ 186,945.93 $ 163,393.94
================ ================ ================ ================
LOAN COUNT 120 71 104 95
WEIGHTED AVERAGE PASS-THROUGH RATE 7.368789492 7.362059 7.714595 7.546269686
</TABLE>
<PAGE> 4
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-OCT-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 $ 29,225,664.88 $ 49,704,592.65 $ 41,987,899.99 $ 87,430,601.15
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 29,722.31 47,302.21 46,155.05 94,862.52
Additional Principal Distribution 3,574.85 2,658.37 18,882.79 13,116.49
Liquidations Distribution 611,173.55 3,156,338.23 710,627.22 3,344,530.22
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 28,581,194.17 $ 46,498,293.84 $ 41,212,234.93 $ 83,978,091.92
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 184,312.53 $ 305,663.01 $ 259,486.30 $ 528,799.67
Compensating Interest -- -- -- --
Trustee Fee (Tx. Com. Bk.) 365.32 414.20 524.84 1,092.88
Pool Insurance Premium (PMI Mtg. Ins.) 8,434.04 -- -- 23,628.12
Pool Insurance (GE Mort. Ins.) -- 18,639.22 12,092.52 --
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) 1,502.34 -- -- 2,237.33
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) -- -- -- --
Excess Compensating Interest (Capstead) 2,844.20 7,732.53 2,276.26 12,572.03
Administrative Fee (Capstead) 1,217.66 1,298.29 1,749.53 3,642.91
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) 874.34 1,139.06 962.23 2,528.20
Other -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Fees 15,237.90 29,223.30 17,605.38 45,701.47
---------------- ---------------- ---------------- ----------------
Servicing Fee 9,133.01 15,532.71 11,710.25 25,695.54
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 208,683.44 $ 350,419.02 $ 288,801.93 $ 600,196.68
================ ================ ================ ================
LOAN COUNT 121 227 152 299
WEIGHTED AVERAGE PASS-THROUGH RATE 7.567835904 7.379511479 7.416030811 7.257866189
</TABLE>
<PAGE> 5
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-OCT-98
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-C.1 1996-C.2 1996-C.3
---------------- ---------------- ----------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 17,274,451.31 $ 31,089,422.03 $ 28,865,244.73
Loans Repurchased -- -- --
Scheduled Principal Distribution 17,161.19 31,855.40 27,070.42
Additional Principal Distribution 1,857.14 7,877.13 6,335.61
Liquidations Distribution 481,442.91 1,879,433.86 1,954,024.16
Accelerated Prepayments -- -- --
Adjustments (Cash) -- 33,333.03 --
Adjustments (Non-Cash) -- -- --
Losses/Foreclosures -- -- --
Special Hazard Account -- -- --
---------------- ---------------- ----------------
Ending Security Balance $ 16,773,990.07 $ 29,136,922.61 $ 26,877,814.54
================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 109,655.46 $ 199,370.60 $ 172,173.78
Compensating Interest -- 3,147.79 --
Trustee Fee (Tx. Com. Bk.) 215.92 259.08 240.55
Pool Insurance Premium (PMI Mtg. Ins.) -- -- --
Pool Insurance (GE Mort. Ins.) 4,975.04 -- --
Pool Insurance (United Guaranty Ins.) -- -- 10,752.31
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- --
Bond Manager Fee (Capstead) -- -- 6,891.86
Excess Compensating Interest (Capstead) 1,260.87 184.31 5,388.64
Administrative Fee (Capstead) 863.77 647.69 1,140.25
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) 395.87 -- 834.69
Other -- -- --
---------------- ---------------- ----------------
Total Fees 7,711.47 1,091.08 25,248.30
---------------- ---------------- ----------------
Servicing Fee 5,398.24 7,257.65 9,020.31
Interest on Accelerated Prepayments -- -- --
---------------- ---------------- ----------------
Total Interest Distribution $ 122,765.17 $ 210,867.12 $ 206,442.39
================ ================ ================
LOAN COUNT 73 135 128
WEIGHTED AVERAGE PASS-THROUGH RATE 7.617408486 7.81687314 7.444204
</TABLE>
<PAGE> 1
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS OCTOBER 1998 DISTRIBUTION
<TABLE>
<CAPTION>
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLASS CUSIP NUMBER COUPON CLOSING BALANCE INTEREST PAID PRINCIPAL PAID CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS PER $1000 PER $1000 PER CLASS BALANCE FACTOR
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2A 10/25/98 149,572,077.00 42,343,632.14
- --------------------------------------------------------
A 125714AC9 34,791,000.00
D 125714AD7 8,535,000.00
E 125714AE5 7.25000 28,652,000.00 0.0020041215 0.0619656729 7,728,906.28 18.25 0.2697510219
F 125714AG0 7.25000 10,692,000.00 0.0060416667 0 10,692,000.00 25.25 1
G 125714AH8 7.25000 16,410,000.00 0.0060416667 0 16,410,000.00 38.75 1
H 125714AJ4 7.25000 3,006,000.00 0.0060416667 0 3,006,000.00 7.10 1
I 125714AF2 7.25000 12,057,000.00 0.0007690537 0.0166847649 1,333,587.48 3.15 0.1106069072
J 125714AK1 7.25000 2,901,000.00 0.0060416684 0 2,901,000.00 6.85 1
KPO 125714AM7 0.00000 772,949.00 0 0.0452392719 272,010.38 0.64 0.3519124548
LIO 125714AN5 0.00 0.0000844679 0
R 125714AL9 7.25000 128.00 0.006015625 0 128.00 0.00 1
1993-2B 10/25/98 189,529,970.00 31,956,395.79
- --------------------------------------------------------
2B-A 125714AP0 189,529,000.00 0.0010988979 0.0053886513 31,956,395.79 100.00 0.1686095309
1993-2C 10/25/98 207,040,201.00 97,377,723.46
- --------------------------------------------------------
A-2 125714BB0 6.50000 27,680,000.00 0.0001052001 0.0194215954 0.00 0.00 0
A-3 125714BC8 10,312,000.00 0.0001559232 0.0194215962 3.01 0.00 0.0000002919
A-4 125714BD6 33,521,000.00 0.0002472933 0.0403710289 1.90 0.00 0.0000000567
A-5 000005CQR 84,357,000.00 0.0061255033 0.0051445526 83,923,020.98 86.18 0.9948554474
A-R 125714AZ8 1,000.00 0.00613 0 1,000.00 0.00 1
B-1 000007CQR 5,694,392.00 0.0057312686 0.0082960622 5,280,662.29 5.42 0.9273443574
B-2 000008CQR 3,623,203.00 0.0057312687 0.0082960629 3,359,957.73 3.45 0.9273445981
B-3 000009CQR 2,588,003.00 0.0057312685 0.0082960607 2,399,970.62 2.46 0.9273446051
</TABLE>
<PAGE> 2
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS OCTOBER 1998 DISTRIBUTION
<TABLE>
<CAPTION>
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLASS CUSIP NUMBER COUPON CLOSING BALANCE INTEREST PAID PRINCIPAL PAID CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS PER $1000 PER $1000 PER CLASS BALANCE FACTOR
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2D 10/25/98 175,093,365.00 62,649,230.86
- --------------------------------------------------------
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.000296981 0.0134741067 1,038,540.80 1.66 0.0388181506
B 125714AT2 39,792,000.00 0.0005939644 0.0269480931 3,089,325.06 4.93 0.0776368381
C 125714AU9 29,251,000.00 0.005679254 0 29,251,000.00 46.69 1
D 125714AV7 17,072,000.00 0.0056792543 0 17,072,000.00 27.25 1
E 125714AW5 1,897,000.00 0.0056792567 0 1,897,000.00 3.03 1
F 125714AX3 10,300,365.00 0.0056792541 0 10,300,365.00 16.44 1
R 125714AY1 1,000.00 0.00568 0 1,000.00 0.00 1
1993-2E 10/25/98 317,870,015.00 154,012,357.00
- ---------------------------------------------------------
15A 125714BE4 6.75000 86,454,000.00 0.0024262663 0.0188214087 35,663,556.52 25.39 0.4125148231
15B 125714BF1 6.75000 9,494,478.45 0.0024262661 0.0188214097 3,916,613.08 2.79 0.4125148407
15CPO 125714BG9 0.00000 1,972,695.84 0 0.0206474439 1,003,903.05 0.71 0.5088990143
15DIO 125714BH7 5,911.86 0.618005751 0.0167608254 1,654.66 0.00 0.2798000000
30A 125714BT1 29,444,000.00
30B 125714BL8 9,738,000.00
30CIO 125714BM6 1.50000 0.00 0 0
30D 125714BU8 7.00000 922,000.00 0 0 0.02 0.00 0.0000000217
30E 125714BV6 29,092,000.00
30F 125714BW4 7.00000 11,747,000.00 0.0044783698 0.1668631404 7,058,272.35 5.02 0.6008574402
30G 125714BX2 7.00000 24,409,000.00 0.0058333332 0 24,409,000.00 17.38 1
30H 125714BY0 7.00000 21,450,000.00 0.0058333333 0 21,450,000.00 15.27 1
30I 125714BZ7 7.00000 13,542,000.00 0.0058333333 0 13,542,000.00 8.79 1
30J 125714CA1 40,256,000.00 0.0039649898 0 32,403,578.22 23.07 0.8049378532
30K 125714CB9 17,252,571.43 0.0063999267 0 13,887,247.79 9.89 0.8049378722
30NIO 125714BR5 0.00 0.0000682059 0
30PPO 125714BS3 0.00000 1,089,658.82 0 0.0009751032 676,531.31 0.48 0.6208651606
</TABLE>
<PAGE> 3
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS OCTOBER 1998 DISTRIBUTION
<TABLE>
<CAPTION>
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLASS CUSIP NUMBER COUPON CLOSING BALANCE INTEREST PAID PRINCIPAL PAID CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS PER $1000 PER $1000 PER CLASS BALANCE FACTOR
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2F 10/25/98 222,866,291.00 41,805,569.18
- ----------------------------------------------------------
A 125714BJ3 222,866,000.00 .0011843101 .0113091219 41,805,569.18 100.00 0.1875816373
1993-2G 10/25/98 246,780,547.00 148,764,469.62
- ----------------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.0013319827 0.0193825535 12,003,368.65 8.07 0.203336642
2G-A2 125714CS2 27,342,000.00 0.0019808332 0.0073848307 8,854,101.81 5.95 0.3238278769
2G-A3 125714CT0 25,200,000.00
2G-A4 125714CU7 15,000,000.00 0.003890532 0.0417668107 9,707,439.88 6.53 0.6471626587
2G-A5 125714A#2 100,190,000.00 0.0059805475 0 100,190,000.00 67.35 1
2G-B1 125714A@4 4,936,000.00 0.0056351864 0.0012425689 4,644,826.15 3.12 0.94101016
2G-B2 125714B#1 3,701,000.00 0.0056351878 0.0012425696 3,482,678.58 2.34 0.941010154
2G-B3 125714B*5 1,481,000.00 0.0056351857 0.0012425726 1,393,636.04 0.94 0.9410101553
2G-B4 125714B@3 740,000.00 0.0056351892 0.0012425676 696,347.52 0.47 0.9410101622
2G-B5 125714C#0 1,481,547.00 0.0033377949 0.000735947 825,773.02 0.56 0.5573721387
2G-M 125714A*6 7,403,000.00 0.0056351871 0.0012425692 6,966,297.97 4.68 0.941010127
2GA3IO 125714CP8 0.00 0 0
2GA4IO 125714CQ6 0.00 0.0002296433 0
1993-2H 10/25/98 315,871,665.00 52,311,154.11
- --------------------------------------------------------
2H-A1 125714CG8 180,386,000.00 0.0010399199 0.0048003048 29,873,524.21 57.11 0.1656088843
2H-A2 125714CH6 125,000,000.00 0.001127154 0.0052029799 22,437,629.90 42.89 0.1795010392
2H-A3 125714CJ2 10,485,000.00
</TABLE>
<PAGE> 4
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS OCTOBER 1998 DISTRIBUTION
<TABLE>
<CAPTION>
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLASS CUSIP NUMBER COUPON CLOSING BALANCE INTEREST PAID PRINCIPAL PAID CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS PER $1000 PER $1000 PER CLASS BALANCE FACTOR
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2I 10/25/98 367,955,786.0 76,299,116.41
- -------------------------------------------------------------
2I-3IO 125714CL7 0.00 0.0000725882 0
2I-A1 125714CE3 237,519,000.00 0.0014874035 0.0068167519 54,034,636.73 70.82 0.2274960602
2I-A2 125714CD5 130,435,853.00 0.0010200498 0.0062662324 22,264,479.68 29.18 0.1706929435
1995-A 10/25/9 176,490,904.00 46,498,292.82
- --------------------------------------------------------------
A1 125714CV5 82,117,691.00 0.0018535274 0.0140838574 23,205,289.00 49.91 0.2825857464
A2 125714CW3 94,373,113.00 0.0016260522 0.0217197981 23,293,003.82 50.09 0.2468182206
R 125714CX1 100.00
1996-A 10/25/98 115,119,131.0 41,212,234.06
- --------------------------------------------------------------
A 125714CY9 115,119,031.00 0.0022540695 0.0067379394 41,212,234.06 100.00 0.3579967074
R 125714CZ6 100.00
1996-B 10/25/98 207,490,355.00 83,978,090.74
- --------------------------------------------------------------
A1 125714DA0 0.00000 41,914,009.00 0.0020876426 0.0126186591 13,267,260.76 15.80 0.3165352367
A2 125714DB8 0.00000 165,576,246.00 0.0026652265 0.0176571864 70,710,829.98 84.20 0.4270590238
R 125714DC6 100.00
1996-C 10/25/98 266,806,262.00 70,743,734.82
- --------------------------------------------------------------
A 125714DD4 0.00000 266,806,062.00 0.001449863 0.016642766 70,743,634.82 100.00 0.265150028
R N/A 100.00 100.00
X N/A 100.00
</TABLE>
