<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: JULY 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.)
8401 N Central Expressway
Suite 800
Dallas, Texas 75225
---------------------------------------------------------------
(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 JULY 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 $1,379,180.56
Series 1993-2B $ 157,849.83
Series 1993-2C $3,655,076.70
Series 1993-2D $ 954,037.42
Series 1993-2E $3,302,297.81
Series 1993-2F $3,213,246.99
Series 1993-2G $1,709,870.82
Series 1993-2H $1,355,186.50
Series 1993-2I $2,468,535.39
Series 1995-A $ 209,349.74
Series 1996-A $ 156,078.90
Series 1996-B $1,306,815.06
Series 1996-C $2,134,005.63
</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
November 23, 1999 By: /s/ Phillip A. Reinsch
------------------------------------------
Phillip A. Reinsch - Senior Vice President
<PAGE> 4
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
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-JULY-99
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2A 93-2B 93-2C 93-2D
-------------- -------------- -------------- --------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $27,619,948.42 $21,259,182.06 $74,660,307.39 $48,895,511.51
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 38,770.38 29,554.25 107,995.20 370,951.06
Additional Principal Distribution 28,109.22 4,177.48 95,728.61 42,360.66
Liquidations Distribution 1,139,197.88 -- 2,994,594.11 264,553.39
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
-------------- -------------- -------------- --------------
Ending Security Balance $26,413,870.94 $21,225,450.33 $71,461,989.47 $48,217,646.40
============== ============== ============== ==============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 168,989.30 $ 124,118.10 $ 444,151.14 $ 275,067.62
Compensating Interest 4,113.78 -- 12,607.64 1,104.70
Trustee Fee (Tx. Com. Bk.) 310.72 265.69 933.25 611.19
Pool Insurance Premium (PMI Mtg. Ins.) -- -- -- --
Pool Insurance (GE Mort. Ins.) 6,684.03 6,101.36 -- 7,872.18
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) 1,311.95 636.01 -- --
Bond Manager Fee (Capstead) 437.32 354.32 933.25 713.06
Excess Compensating Interest (Capstead) -- -- -- --
Administrative Fee (Capstead) 748.06 0.02 3,110.89 1,528.00
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- -- --
Other -- -- -- --
-------------- -------------- -------------- --------------
Total Fees 9,492.08 7,357.40 4,977.39 10,724.43
-------------- -------------- -------------- --------------
Servicing Fee 8,826.22 6,643.51 19,318.41 13,413.03
Interest on Accelerated Prepayments -- -- -- --
-------------- -------------- -------------- --------------
Total Interest Distribution $ 191,421.38 $ 138,119.01 $ 481,054.58 $ 300,309.78
============== ============== ============== ==============
LOAN COUNT 106 80 280 227
WEIGHTED AVERAGE PASS-THROUGH RATE 7.52078508 7.025994 7.341391365 6.77785698
</TABLE>
Page 1
<PAGE> 2
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-JULY-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 $33,052,237.58 $81,947,373.49 $29,919,111.00 $ 116,981,622.76
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 241,095.80 111,854.48 38,672.90 167,056.44
Additional Principal Distribution 7,002.99 15,185.37 23,047.91 68,094.42
Liquidations Distribution 512,020.38 1,746,184.08 2,996,117.80 777,022.80
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
-------------- -------------- -------------- --------------
Ending Security Balance $32,292,118.41 $80,074,149.56 $26,861,272.39 $ 115,969,449.10
============== ============== ============== ==============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 182,397.93 $ 477,738.57 $ 155,408.38 $ 694,548.45
Compensating Interest 1,196.22 7,622.05 -- 3,148.71
Trustee Fee (Tx. Com. Bk.) 358.07 887.76 373.96 1,316.04
Pool Insurance Premium (PMI Mtg. Ins.) 7,271.49 18,028.42 8,586.73 --
Pool Insurance (GE Mort. Ins.) -- -- -- --
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- 895.10 --
Bond Manager Fee (Capstead) 413.15 1,024.34 498.65 1,462.27
Excess Compensating Interest (Capstead) -- -- 12,022.13 --
Administrative Fee (Capstead) 1,170.61 2,902.43 0.03 4,874.44
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- -- --
Other -- -- -- --
-------------- -------------- -------------- --------------
Total Fees 9,213.32 22,842.95 22,376.60 7,652.75
-------------- -------------- -------------- --------------
Servicing Fee 9,193.75 21,419.44 9,723.49 29,030.20
Interest on Accelerated Prepayments -- -- -- --
-------------- -------------- -------------- --------------
Total Interest Distribution $ 202,001.22 $ 529,623.01 $ 187,508.47 $ 734,380.11
============== ============== ============== ==============
LOAN COUNT 153 286 105 431
WEIGHTED AVERAGE PASS-THROUGH RATE 6.665599552 7.107399776 6.725938 7.15699246
</TABLE>
Page 2
<PAGE> 3
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-JULY-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 $21,943,182.08 $15,471,871.55 $17,078,948.03 $14,497,072.76
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 28,484.06 20,387.09 21,460.74 18,469.51
Additional Principal Distribution 4,808.05 7,758.41 2,422.43 590.51
Liquidations Distribution 697,119.68 387,979.19 680,213.57 167,219.64
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- 15.07 --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
-------------- -------------- -------------- --------------
Ending Security Balance $21,212,770.29 $15,055,746.86 $16,374,836.22 $14,310,793.10
============== ============== ============== ==============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 120,338.54 $ 88,311.48 $ 97,376.09 $ 84,652.20
Compensating Interest -- -- -- --
Trustee Fee (Tx. Com. Bk.) 274.28 193.36 213.53 181.21
Pool Insurance Premium (PMI Mtg. Ins.) -- -- -- --
Pool Insurance (GE Mort. Ins.) 6,451.29 4,440.44 4,856.10 4,262.13
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) -- 623.58 888.57 --
Excess Compensating Interest (Capstead) 3,489.22 -- 2,525.48 11.34
Administrative Fee (Capstead) 914.36 109.69 78.58 604.03
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- (129.96) --
Special Hazard Insurance (Aetna Casualty) 568.69 462.84 510.97 375.72
Other -- -- -- --
-------------- -------------- -------------- --------------
Total Fees 11,697.84 5,829.91 8,943.27 5,434.43
-------------- -------------- -------------- --------------
Servicing Fee 6,857.23 4,834.91 5,337.21 4,530.30
Interest on Accelerated Prepayments -- -- -- --
-------------- -------------- -------------- --------------
Total Interest Distribution $ 138,893.61 $ 98,976.30 $ 111,656.57 $ 94,616.93
============== ============== ============== ==============
LOAN COUNT 86 49 69 59
WEIGHTED AVERAGE PASS-THROUGH RATE 6.580916454 6.897832 7.081711 7.007113897
</TABLE>
Page 3
<PAGE> 4
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-JULY-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 $21,738,045.75 $36,651,240.38 $29,056,011.67 $57,133,483.29
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 26,388.94 41,627.46 38,554.80 72,707.39
Additional Principal Distribution 4,654.28 5,111.64 6,717.74 8,462.30
Liquidations Distribution 1,239,931.15 516,255.90 1,906,727.78 905,910.18
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
-------------- -------------- -------------- --------------
Ending Security Balance $20,467,071.38 $36,088,245.38 $27,104,011.35 $56,146,403.42
============== ============== ============== ==============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 125,141.24 $ 209,349.75 $ 156,078.89 $ 319,735.18
Compensating Interest -- -- -- --
Trustee Fee (Tx. Com. Bk.) 271.73 305.43 363.20 714.17
Pool Insurance Premium (PMI Mtg. Ins.) 6,273.23 -- -- 15,440.32
Pool Insurance (GE Mort. Ins.) -- 13,744.22 8,368.13 --
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) 1,131.56 -- -- 1,484.33
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) -- -- -- --
Excess Compensating Interest (Capstead) 2,170.41 1,667.70 5,300.72 1,319.44
Administrative Fee (Capstead) 905.75 927.60 1,210.77 2,380.67
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) 650.33 839.92 665.87 1,652.11
Other -- -- -- --
-------------- -------------- -------------- --------------
Total Fees 11,403.01 17,484.87 15,908.69 22,991.04
-------------- -------------- -------------- --------------
Servicing Fee 6,793.13 11,453.50 8,104.33 16,770.13
Interest on Accelerated Prepayments -- -- -- --
-------------- -------------- -------------- --------------
Total Interest Distribution $ 143,337.38 $ 238,288.12 $ 180,091.91 $ 359,496.35
============== ============== ============== ==============
LOAN COUNT 90 170 108 200
WEIGHTED AVERAGE PASS-THROUGH RATE 6.908141133 6.854330096 6.445986811 6.715540414
</TABLE>
Page 4
<PAGE> 5
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-JULY-99
Master Servicing Division
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-C.1 1996-C.2 1996-C.3
-------------- -------------- --------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $10,252,070.33 $20,431,898.00 $21,179,857.22
Loans Repurchased -- -- --
Scheduled Principal Distribution 11,418.54 24,707.58 22,793.29
Additional Principal Distribution 651.55 9,619.85 2,267.50
Liquidations Distribution 348,301.71 556,409.66 862,364.39
Accelerated Prepayments -- -- --
Adjustments (Cash) -- -- --
Adjustments (Non-Cash) -- -- --
Losses/Foreclosures -- -- --
Special Hazard Account -- -- --
-------------- -------------- --------------
Ending Security Balance $ 9,891,698.53 $19,841,160.91 $20,292,432.04
============== ============== ==============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 58,886.61 $ 120,487.09 $ 115,958.90
Compensating Interest -- 138.96 --
Trustee Fee (Tx. Com. Bk.) 128.15 170.27 176.50
Pool Insurance Premium (PMI Mtg. Ins.) -- -- --
Pool Insurance (GE Mort. Ins.) 2,952.60 -- --
Pool Insurance (United Guaranty Ins.) -- -- 7,889.50
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- --
Bond Manager Fee (Capstead) -- -- 4,426.22
Excess Compensating Interest (Capstead) 1,406.05 497.62 3,161.49
Administrative Fee (Capstead) 512.61 425.64 849.70
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) 234.94 -- 612.45
Other -- -- --
-------------- -------------- --------------
Total Fees 5,234.35 1,093.53 17,115.86
-------------- -------------- --------------
Servicing Fee 3,203.79 4,713.92 6,618.73
Interest on Accelerated Prepayments -- -- --
-------------- -------------- --------------
Total Interest Distribution $ 67,324.75 $ 126,433.50 $ 139,693.49
============== ============== ==============
LOAN COUNT 47 93 94
WEIGHTED AVERAGE PASS-THROUGH RATE 6.892649945 7.084572368 6.820733
</TABLE>
Page 5
<PAGE> 1
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS JULY 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 7/25/99 149,572,077.00 26,413,869.52
- --------------------------------------------------------------
A 125714AC9 34,791,000.00
D 125714AD7 8,535,000.00
E 125714AE5 28,652,000.00
F 125714AG0 10,692,000.00 0.0029480668 0.1014815441 4,132,183.64 15.64 0.3864743397
G 125714AH8 16,410,000.00 0.0060416667 0 16,410,000.00 62.13 1
H 125714AJ4 3,006,000.00 0.0060416667 0 3,006,000.00 11.38 1
I 125714AF2 12,057,000.00 0 0 0.00 0.00 0
J 125714AK1 2,901,000.00 0.0057524785 0.0415767218 2,641,526.94 10.00 0.9105573733
KPO 125714AM7 772,949.00 0 0.0005468278 224,030.94 0.85 0.2898392261
LIO 125714AN5 0.00 0.0000507361 0 0.00 0.00 0
R 125714AL9 128.00 0.006015625 0 128.00 0.00 1
1993-2B 7/25/99 189,529,970.00 21,225,450.38
- --------------------------------------------------------------
2B-A 125714AP0 189,529,000.0 0.0006548766 0.0001779766 21,225,450.38 100.00 0.1119905153
1993-2C 7/25/99 207,040,201.00 71,461,988.97
- --------------------------------------------------------------
A-2 125714BB0 27,680,000.00
A-3 125714BC8 10,312,000.00
A-4 125714BD6 33,521,000.00
A-5 000005CQR 84,357,000.00 0.0045196441 0.0358861397 59,292,866.65 82.97 0.7028802192
A-R 125714AZ8 1,000.00 0.00612 0 1,000.00 0.00 1
B-1 000007CQR 5,694,392.00 0.0052033527 0.0117916698 4,776,065.79 6.68 0.838731473
B-2 000008CQR 3,623,203.00 0.0052033546 0.0117916744 3,038,895.18 4.25 0.8387316913
B-3 000009CQR 2,588,003.00 0.0052033556 0.0117916749 2,170,640.12 3.04 0.8387316862
B-4 000010CQR 1,345,761.00 0.0052033533 0.0117916703 1,128,732.41 1.58 0.838731699
B-5 000011CQR 621,120.00 0.0052033584 0.0117916667 520,953.03 0.73 0.8387316944
B-6 000012CQR 1,138,722.00 0.0029029298 0.0065785152 532,835.79 0.75 0.4679243837
</TABLE>
<PAGE> 2
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS JULY 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 7/25/99 175,093,365.00 48,217,647.05
- --------------------------------------------------------------
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00
B 125714AT2 39,792,000.00
C 125714AU9 29,251,000.00 0.0037895125 0.0231740833 18,947,282.05 39.30 0.6477481813
D 125714AV7 17,072,000.00 0.005648214 0 17,072,000.00 35.41 1
E 125714AW5 1,897,000.00 0.005648213 0 1,897,000.00 3.93 1
F 125714AX3 10,300,365.00 0.0056482144 0 10,300,365.00 21.36 1
R 125714AY1 1,000.00 0.00564 0 1,000.00 0.00 1
1993-2E 7/25/99 317,870,015.00 112,366,266.75
- --------------------------------------------------------------
15A 125714BE4 86,454,000.00 0.001886601 0.0077522259 28,326,090.48 25.21 0.3276434923
15B 125714BF1 9,494,478.45 0.0018866008 0.0077522261 3,110,804.07 2.77 0.3276435071
15CPO 125714BG9 1,972,695.84 0 0.0082464911 854,028.61 0.76 0.4329245915
15DIO 125714BH7 5,911.86 0.4342608254 0.0062686062 1,195.27 0.00 0.2021769283
30A 125714BT1 29,444,000.00
30B 125714BL8 9,738,000.00
30CIO 125714BM6 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 24,409,000.00 0.0027467176 0.0503613573 10,264,096.94 9.13 0.4205046065
30H 125714BY0 21,450,000.00 0.0058333319 0 21,450,000.00 19.09 1
30I 125714BZ7 13,542,000.00 0.0058333319 0 13,542,000.00 12.05 1
30J 125714CA1 40,256,000.00 0.0027791181 0.0111561879 24,004,712.61 21.36 0.5963014857
30K 125714CB9 17,252,571.43 0.0053270657 0.0111561883 10,287,733.95 9.16 0.5963014991
30NIO 125714BR5 0.00 0.0000473498 0 0.00 0.00 0
30PPO 125714BS3 1,089,658.82 0 0.0021815357 525,604.82 0.47 0.4823571594
</TABLE>
<PAGE> 3
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS JULY 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 7/25/99 222,866,291.00 26,861,272.42
- --------------------------------------------------------------
A 125714BJ3 222,866,000.0 0.0006973175 0.0137205254 26,861,272.42 100.00 0.1205265604
1993-2G 7/25/99 246,780,547.00 115,969,458.91
- --------------------------------------------------------------
2G-A1 125714CR4 59,032,000.00
2G-A2 125714CS2 27,342,000.00 0.0000028732 0.0004817522 0.00 0.00 0
2G-A3 125714CT0 25,200,000.00
2G-A4 125714CU7 15,000,000.00 0.0000023013 0.0004087007 0.00 0.00 0
2G-A5 125714A#2 100,190,000.0 0.0059641604 0.0093079995 99,257,431.53 85.59 0.9906920005
2G-B1 125714A@4 4,936,000.00 0.0052514607 0.0031657273 4,330,536.81 3.73 0.8773372792
2G-B2 125714B#1 3,701,000.00 0.0052514618 0.0031657282 3,247,025.26 2.80 0.8773372764
2G-B3 125714B*5 1,481,000.00 0.0052514585 0.0031657259 1,299,336.49 1.12 0.8773372654
2G-B4 125714B@3 740,000.00 0.0052514595 0.0031657297 649,229.57 0.56 0.8773372568
2G-B5 125714C#0 1,481,547.00 0.002791636 0.0016828356 690,971.60 0.60 0.4663852041
2G-M 125714A*6 7,403,000.00 0.0052514616 0.0031657274 6,494,927.65 5.60 0.8773372484
2GA3IO 125714CP8 0.00 0 0 0.00 0.00 0
2GA4IO 125714CQ6 0.00 0.000000136 0 0.00 0.00 0
1993-2H 7/25/99 315,871,665.00 36,268,517.44
- --------------------------------------------------------------
2H-A1 125714CG8 180,386,000.0 0.0006605531 0.0036297541 20,711,996.35 57.11 0.1148204204
2H-A2 125714CH6 125,000,000.0 0.0007159638 0.0039342372 15,556,521.09 42.89 0.1244521687
2H-A3 125714CJ2 10,485,000.00
1993-2I 7/25/99 367,955,786.00 51,152,700.95
- --------------------------------------------------------------
2I-3IO 125714CL7 0.00 0.0000463035 0 0.00 0.00 0
2I-A1 125714CE3 237,519,000.0 0.0009484901 0.0083154871 36,841,907.58 72.02 0.1551114125
2I-A2 125714CD5 130,435,853.0 0.0006007522 0.0014281324 14,310,793.37 27.98 0.1097151821
</TABLE>
<PAGE> 4
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS JULY 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 7/25/99 176,490,904.00 36,088,244.12
- --------------------------------------------------------------
A1 125714CV5 82,117,691.00 0.0012692339 0.0065668777 17,401,466.73 48.22 0.2119088654
A2 125714CW3 94,373,113.00 0.0011139103 0.0002515354 18,686,777.39 51.78 0.1980095474
R 125714CX1 100.00 0 0 0.00 0.00 0
1996-A 7/25/99 115,119,131.00 27,104,010.48
- --------------------------------------------------------------
A 125714CY9 115,119,031.0 0.0013558043 0.0169563651 27,104,010.48 100.00 0.2354433515
R 125714CZ6 100.00 0.0002 0 0.00 0.00 0
1996-B 7/25/99 207,490,355.00 56,146,402.14
- --------------------------------------------------------------
A1 125714DA0 41,914,009.00 0.0012199146 0.0002428687 8,635,295.06 15.38 0.206024078
A2 125714DB8 165,576,246.0 0.0016222355 0.0059000026 47,511,107.08 84.62 0.2869439804
R 125714DC6 100.00 0 0 0.00 0.00 0
1996-C 7/25/99 266,806,262.00 47,980,299.08
- --------------------------------------------------------------
A 125714DD4 266,806,062.0 0.0008803195 0.0068909007 47,980,199.08 100.00 0.1798317427
R N/A 100.00 100.00
X N/A 100.00
</TABLE>
