<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: MAY 25, 1999
(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> <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 MAY 25, 1999 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 $1,185,602.65
Series 1993-2B $562,566.06
Series 1993-2C $4,043,319.92
Series 1993-2D $1,843,455.58
Series 1993-2E $4,200,955.85
Series 1993-2F $2,585,531.34
Series 1993-2G $3,034,000.19
Series 1993-2H $1,997,084.74
Series 1993-2I $3,169,351.44
Series 1995-A $1,179,840.35
Series 1996-A $1,706,045.09
Series 1996-B $2,677,888.26
Series 1996-C $2,618,557.08
</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
June 28, 1999 By: /s/ Phillip A. Reinsch
------------------------------------------
Phillip A. Reinsch - Senior Vice President
<PAGE> 4
EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT NO. DESCRIPTION
- ----------- -----------
<S> <C>
28.1 Collateral Summary and Remittance Report
28.2 Summary of Trustee's Reports to Bondholders
</TABLE>
<PAGE> 1
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-MAY-99
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2A 93-2B 93-2C 93-2D
---------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 29,191,343.15 $ 23,056,161.17 $ 79,017,116.06 $ 50,910,977.97
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 39,899.50 31,914.12 113,578.65 379,095.62
Additional Principal Distribution 7,549.22 6,209.40 78,982.05 42,867.85
Liquidations Distribution 963,158.10 389,253.62 3,367,044.63 1,133,921.13
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 28,180,736.33 $ 22,628,784.03 $ 75,457,510.73 $ 49,355,093.37
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 178,978.43 $ 135,188.92 $ 475,034.52 $ 286,693.22
Compensating Interest 4,343.45 -- 8,680.08 877.76
Trustee Fee (Tx. Com. Bk.) 328.40 288.21 987.71 636.39
Pool Insurance Premium (PMI Mtg. Ins.) -- -- -- --
Pool Insurance (GE Mort. Ins.) 7,064.31 6,617.11 -- 8,196.67
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) 1,386.59 689.79 -- --
Bond Manager Fee (Capstead) 462.20 384.27 987.71 742.45
Excess Compensating Interest (Capstead) -- 548.00 -- --
Administrative Fee (Capstead) 790.63 (0.10) 3,292.46 1,590.95
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- -- --
Other -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Fees 10,032.13 8,527.28 5,267.88 11,166.46
---------------- ---------------- ---------------- ----------------
Servicing Fee 9,288.53 7,205.08 20,258.85 14,329.19
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 202,642.54 $ 150,921.28 $ 509,241.33 $ 313,066.63
================ ================ ================ ================
LOAN COUNT 111 87 297 234
WEIGHTED AVERAGE PASS-THROUGH RATE 7.53601 7.08463 7.345972 6.778208
</TABLE>
Page 1
<PAGE> 2
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-MAY-99
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 $ 35,085,032.66 $ 86,071,051.51 $ 32,926,406.49 $ 123,207,595.41
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 248,563.67 115,191.32 42,978.84 172,618.15
Additional Principal Distribution 37,245.22 24,684.88 3,149.80 32,737.78
Liquidations Distribution 1,056,769.16 2,013,577.75 2,363,996.47 2,093,633.92
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- 80,054.97
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 33,742,454.61 $ 83,917,597.56 $ 30,516,281.38 $ 120,828,550.59
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 193,274.35 $ 502,927.70 $ 175,406.21 $ 731,162.20
Compensating Interest 1,649.31 7,072.53 -- 3,848.14
Trustee Fee (Tx. Com. Bk.) 380.09 932.44 411.56 1,386.09
Pool Insurance Premium (PMI Mtg. Ins.) 7,718.71 18,935.63 9,449.85 --
Pool Insurance (GE Mort. Ins.) -- -- -- --
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- 985.04 --
Bond Manager Fee (Capstead) 438.56 1,075.89 548.77 1,540.09
Excess Compensating Interest (Capstead) -- -- 9,224.47 --
Administrative Fee (Capstead) 1,242.57 3,048.38 0.09 5,133.90
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- -- --
Other -- -- 0.02 --
---------------- ---------------- ---------------- ----------------
Total Fees 9,779.93 23,992.34 20,619.80 8,060.08
---------------- ---------------- ---------------- ----------------
Servicing Fee 9,857.40 22,478.86 10,664.33 30,607.87
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 214,560.99 $ 556,471.43 $ 206,690.34 $ 773,678.29
================ ================ ================ ================
LOAN COUNT 160 301 114 452
WEIGHTED AVERAGE PASS-THROUGH RATE 6.6669 7.110408 6.74885 7.15875
</TABLE>
Page 2
<PAGE> 3
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-MAY-99
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 $ 23,877,055.07 $ 16,997,216.15 $ 18,636,485.43 $ 16,248,586.59
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 30,417.10 21,750.27 22,962.11 20,582.31
Additional Principal Distribution 16,161.41 6,844.22 1,835.75 677.40
Liquidations Distribution 734,089.62 950,798.73 1,112,254.25 751,771.07
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- 12.27 --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 23,096,386.94 $ 16,017,822.93 $ 17,499,421.05 $ 15,475,555.81
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 134,391.61 $ 102,631.79 $ 107,833.90 $ 92,926.10
Compensating Interest -- -- -- --
Trustee Fee (Tx. Com. Bk.) 298.47 212.46 232.96 203.11
Pool Insurance Premium (PMI Mtg. Ins.) -- -- -- --
Pool Insurance (GE Mort. Ins.) 7,019.86 4,878.19 5,298.92 4,777.08
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) -- 681.24 970.84 --
Excess Compensating Interest (Capstead) 1,479.52 -- 3,129.71 2,924.37
Administrative Fee (Capstead) 994.91 153.71 85.40 677.03
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) 618.82 508.52 557.54 421.10
Other -- -- (0.01) --
---------------- ---------------- ---------------- ----------------
Total Fees 10,411.58 6,434.12 10,275.36 9,002.69
---------------- ---------------- ---------------- ----------------
Servicing Fee 7,461.55 5,311.62 5,823.89 5,077.67
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 152,264.74 $ 114,377.53 $ 123,933.15 $ 107,006.46
================ ================ ================ ================
LOAN COUNT 94 54 74 67
WEIGHTED AVERAGE PASS-THROUGH RATE 6.75418 7.293877 7.20744 6.862832
</TABLE>
Page 3
<PAGE> 4
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-MAY-99
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2I.2 1995-A 1996-A 1996-B
---------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 23,365,236.03 $ 37,974,059.03 $ 32,520,256.97 $ 61,421,904.95
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 27,618.74 44,020.46 42,067.96 76,023.72
Additional Principal Distribution 2,764.42 14,019.23 2,883.79 12,211.37
Liquidations Distribution 890,957.99 900,668.99 1,481,095.48 2,242,463.31
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 22,443,894.88 $ 37,015,350.35 $ 30,994,209.74 $ 59,091,206.55
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 137,155.15 $ 221,131.67 $ 179,997.86 $ 347,189.86
Compensating Interest -- -- -- --
Trustee Fee (Tx. Com. Bk.) 292.06 316.45 406.50 767.77
Pool Insurance Premium (PMI Mtg. Ins.) 6,742.82 -- -- 16,599.27
Pool Insurance (GE Mort. Ins.) -- 14,240.27 9,365.84 --
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) 1,219.25 -- -- 1,562.47
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) -- -- -- --
Excess Compensating Interest (Capstead) 1,389.09 2,243.33 1,820.82 2,300.25
Administrative Fee (Capstead) 973.56 964.49 1,355.01 2,559.42
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) 699.01 870.24 745.26 1,776.11
Other -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Fees 11,315.79 18,634.78 13,693.43 25,565.29
---------------- ---------------- ---------------- ----------------
Servicing Fee 7,301.68 11,866.83 9,030.46 17,967.42
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 155,772.62 $ 251,633.28 $ 202,721.75 $ 390,722.57
================ ================ ================ ================
LOAN COUNT 98 178 119 215
WEIGHTED AVERAGE PASS-THROUGH RATE 7.044062 6.987876 6.641935 6.78305
</TABLE>
Page 4
<PAGE> 5
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-MAY-99
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-C.1 1996-C.2 1996-C.3
---------------- ---------------- ----------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 11,869,155.43 $ 22,223,413.63 $ 22,622,468.73
Loans Repurchased -- -- --
Scheduled Principal Distribution 12,715.78 26,896.63 23,626.04
Additional Principal Distribution 1,552.90 59,123.43 5,490.68
Liquidations Distribution 695,830.29 728,270.12 737,214.35
Accelerated Prepayments -- -- --
Adjustments (Cash) -- -- --
Adjustments (Non-Cash) -- -- --
Losses/Foreclosures -- -- --
Special Hazard Account -- -- --
---------------- ---------------- ----------------
Ending Security Balance $ 11,159,056.46 $ 21,409,123.45 $ 21,856,137.66
================ ================ =================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 69,470.11 $ 129,911.03 $ 128,455.72
Compensating Interest -- 1,766.77 --
Trustee Fee (Tx. Com. Bk.) 148.37 185.20 188.52
Pool Insurance Premium (PMI Mtg. Ins.) -- -- --
Pool Insurance (GE Mort. Ins.) 3,418.31 -- --
Pool Insurance (United Guaranty Ins.) -- -- 8,426.87
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- --
Bond Manager Fee (Capstead) -- -- 3,049.62
Excess Compensating Interest (Capstead) 1,917.27 829.07 2,257.43
Administrative Fee (Capstead) 593.48 463.00 898.05
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) 272.00 -- 654.16
Other -- -- --
---------------- ---------------- ----------------
Total Fees 6,349.43 1,477.27 15,474.65
---------------- ---------------- ----------------
Servicing Fee 3,709.10 5,162.22 7,069.50
Interest on Accelerated Prepayments -- -- --
---------------- ---------------- ----------------
Total Interest Distribution $ 79,528.64 $ 138,317.29 $ 150,999.87
================ ================ ================
LOAN COUNT 53 99 99
WEIGHTED AVERAGE PASS-THROUGH RATE 7.023594 7.11022 6.975649
</TABLE>
Page 5
<PAGE> 1
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS MAY 1999 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 5/25/99 149,572,077.00 28,180,734.81
- ------------------------------------------------------------
A 125714AC9 34,791,000.00
D 125714AD7 8,535,000.00
E 125714AE5 28,652,000.00
F 125714AG0 0.00000 10,692,000.00 0.0037460438 0.0850370688 5,720,195.31 20.30 0.5349976908
G 125714AH8 0.00000 16,410,000.00 0.0060416667 0 16,410,000.00 58.23 1
H 125714AJ4 0.00000 3,006,000.00 0.0060416667 0 3,006,000.00 10.67 1
I 125714AF2 0.00000 12,057,000.00 0.000009164 0.0015168583 0.00 0.00 0
J 125714AK1 0.00000 2,901,000.00 0.0060416684 0.0285340434 2,818,222.74 10.00 0.9714659566
KPO 125714AM7 0.00000 772,949.00 0 0.000419756 226,188.76 0.80 0.292630898
LIO 125714AN5 0.00000 0.00 0.0000556659 0 0.00 0.00 0
R 125714AL9 0.00000 128.00 0.006015625 0 128.00 0.00 1
1993-2B 5/25/99 189,529,970.00 22,628,784.08
- ------------------------------------------------------------
2B-A 125714AP0 0.00000 189,529,000.0 0.0007132888 0.0022549433 22,628,784.08 100.00 0.1193948371
1993-2C 5/25/99 207,040,201.00 75,457,510.22
- ------------------------------------------------------------
A-2 125714BB0 27,680,000.00
A-3 125714BC8 10,312,000.00
A-4 125714BD6 33,521,000.00
A-5 000005CQR 0.00000 84,357,000.00 0.0048216276 0.0400325873 63,065,594.87 83.58 0.7476035761
A-R 125714AZ8 0.00000 1,000.00 0.00612 0 1,000.00 0.00 1
B-1 000007CQR 0.00000 5,694,392.00 0.0053054637 0.0125847307 4,863,513.48 6.45 0.8540882819
B-2 000008CQR 0.00000 3,623,203.00 0.0053054631 0.0125847323 3,094,536.03 4.10 0.854088504
B-3 000009CQR 0.00000 2,588,003.00 0.0053054653 0.0125847343 2,210,383.60 2.93 0.8540884999
B-4 000010CQR 0.00000 1,345,761.00 0.0053054666 0.0125847309 1,149,399.01 1.52 0.854088512
B-5 000011CQR 0.00000 621,120.00 0.0053054643 0.012584734 530,491.45 0.70 0.8540885014
B-6 000012CQR 0.00000 1,138,722.00 0.0029598971 0.0070209586 542,591.78 0.72 0.4764918742
</TABLE>
<PAGE> 2
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS MAY 1999 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 5/25/99 175,093,365.00 49,355,094.07
- ------------------------------------------------------------
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00
B 125714AT2 39,792,000.00
C 125714AU9 29,251,000.00 0.004178905 0.0531908164 20,084,729.07 40.69 0.6866339294
D 125714AV7 17,072,000.00 0.0056485069 0 17,072,000.00 34.59 1
E 125714AW5 1,897,000.00 0.0056485082 0 1,897,000.00 3.84 1
F 125714AX3 10,300,365.00 0.0056485066 0 10,300,365.00 20.87 1
R 125714AY1 1,000.00 0.00565 0 1,000.00 0.00 1
1993-2E 5/25/99 317,870,015.00 117,660,052.11
- ------------------------------------------------------------
15A 125714BE4 0.00000 86,454,000.00 0.0020036617 0.013782939 29,603,888.57 25.16 0.3424235844
15B 125714BF1 0.00000 9,494,478.45 0.0020036615 0.0137829399 3,251,133.32 2.76 0.3424235982
15CPO 125714BG9 0.00000 1,972,695.84 0 0.0101845444 886,188.58 0.75 0.4492271389
15DIO 125714BH7 0.00000 5,911.86 0.4507746955 0.0059235453 1,244.17 0.00 0.2104482409
30A 125714BT1 29,444,000.00
30B 125714BL8 9,738,000.00
30CIO 125714BM6 0.00000 0.00 0 0 0.00 0.00 0
30D 125714BU8 922,000.00
30E 125714BV6 29,092,000.00
30F 125714BW4 11,747,000.00
30G 125714BX2 0.00000 24,409,000.00 0.003342216 0.0512711217 12,733,692.31 10.82 0.5216802126
30H 125714BY0 0.00000 21,450,000.00 0.0058333333 0 21,450,000.00 18.23 1
30I 125714BZ7 0.00000 13,542,000.00 0.0058333333 0 13,542,000.00 11.51 1
30J 125714CA1 40,256,000.00 0.0029459119 0.0154907092 24,962,302.99 21.22 0.6200890051
30K 125714CB9 17,252,571.43 0.0054846823 0.0154907098 10,698,129.83 9.09 0.6200890192
30NIO 125714BR5 0.00000 0.00 0.0000503965 0 0.00 0.00 0
30PPO 125714BS3 0.00000 1,089,658.82 0 0.0102116717 531,472.32 0.45 0.4877418715
</TABLE>
<PAGE> 3
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS MAY 1999 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 5/25/99 222,866,291.00 30,516,281.43
- ------------------------------------------------------------
A 125714BJ3 222,866,000.0 0.0007870479 0.0108142342 30,516,281.43 100.00 0.1369265901
1993-2G 5/25/99 246,780,547.00 120,828,560.31
- ------------------------------------------------------------
2G-A1 125714CR4 59,032,000.00
2G-A2 125714CS2 27,342,000.00 0.0008745476 0.0545632068 2,516,410.30 2.08 0.0920346098
2G-A3 125714CT0 25,200,000.00
2G-A4 125714CU7 15,000,000.00 0.000700478 0.0462894033 1,171,181.55 0.97 0.07807877
2G-A5 125714A#2 100,190,000.0 0.005965625 0 100,190,000.00 82.92 1
2G-B1 125714A@4 4,936,000.00 0.0053438513 0.0058929052 4,392,452.92 3.64 0.8898810616
2G-B2 125714B#1 3,701,000.00 0.0053438503 0.0058929046 3,293,449.81 2.73 0.8898810619
2G-B3 125714B*5 1,481,000.00 0.0053438488 0.0058929034 1,317,913.84 1.09 0.8898810533
2G-B4 125714B@3 740,000.00 0.0053438514 0.0058929054 658,511.98 0.54 0.8898810541
2G-B5 125714C#0 1,481,547.00 0.003165232 0.0034904326 700,850.64 0.58 0.4730532612
2G-M 125714A*6 7,403,000.00 0.0053438511 0.0058929056 6,587,789.27 5.45 0.8898810307
2GA3IO 125714CP8 0.00000 0.00 0 0 0.00 0.00 0
2GA4IO 125714CQ6 0.40000 0.00 0.000041456 0 0.00 0.00 0
1993-2H 5/25/99 315,871,665.00 39,114,210.26
- ------------------------------------------------------------
2H-A1 125714CG8 0.00000 180,386,000.0 0.0007503788 0.0055720773 22,337,096.68 57.11 0.1238294362
2H-A2 125714CH6 0.00000 125,000,000.0 0.0008133246 0.0060394928 16,777,113.58 42.89 0.1342169086
2H-A3 125714CJ2 10,485,000.00
1993-2I 5/25/99 367,955,786.00 55,418,871.95
- ------------------------------------------------------------
2I-3IO 125714CL7 0.00000 0.00 0.0000501515 0 0.00 0.00 0
2I-A1 125714CE3 0.00000 237,519,000.0 0.0010457672 0.0086662791 39,943,315.59 72.08 0.1681689279
2I-A2 125714CD5 0.00000 130,435,853.0 0.0006362056 0.0059265174 15,475,556.36 27.92 0.1186449585
</TABLE>
<PAGE> 4
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS MAY 1999 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>
1995-A 5/25/99 176,490,904.00 37,015,349.11
- ------------------------------------------------------------
A1 125714CV5 0.00000 82,117,691.00 0.0013713139 0.0084162083 18,153,740.76 49.04 0.2210697907
A2 125714CW3 0.00000 94,373,113.00 0.0011499306 0.0028354379 18,861,608.35 50.96 0.1998620979
R 125714CX1 100.00 0 0 0.00 0.00 0
1996-A 5/25/99 115,119,131.00 30,994,208.87
- ------------------------------------------------------------
A 125714CY9 0.00000 115,119,031.0 0.0015635803 0.013256255 30,994,208.87 100.00 0.2692361862
R 125714CZ6 0.00000 100.00 0.0001 0 0.00 0.00 0
1996-B 5/25/99 207,490,355.00 59,091,205.33
- ------------------------------------------------------------
A1 125714DA0 41,914,009.00 0.0013710643 0.0139923237 9,055,952.35 15.33 0.2160602759
A2 125714DB8 165,576,246.0 0.0017497863 0.0105342649 50,035,252.98 84.67 0.302188594
R 125714DC6 100.00 0 0 0.00 0.00 0
1996-C 5/25/99 266,806,262.00 52,379,325.17
- ------------------------------------------------------------
A 125714DD4 0.00000 266,806,062.0 0.000872768 0.0085857128 52,379,325.17 100.00 0.1963194718
R N/A 100.00 100.00 0.00 1.0000000000
X N/A 100.00 0.00 0.00
</TABLE>
