<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: MARCH 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>
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 MARCH 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 $2,416,376.11
Series 1993-2B $1,413,550.21
Series 1993-2C $5,204,533.61
Series 1993-2D $2,622,577.63
Series 1993-2E $7,199,141.94
Series 1993-2F $1,610,024.12
Series 1993-2G $3,633,364.85
Series 1993-2H $2,111,936.34
Series 1993-2I $4,298,015.12
Series 1995-A $1,885,524.37
Series 1996-A $ 741,301.57
Series 1996-B $3,910,972.18
Series 1996-C $2,357,074.05
</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
May 19, 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 & Remittance Report
28.2 Summary of Trustee's Report to Bondholders
</TABLE>
<PAGE> 1
CAPSTEAD MORTGAGE CORPORATION EXHIBIT 28.1
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-MAR-99
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2A 93-2B 93-2C 93-2D
---------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 33,417,811.56 $ 24,781,088.99 $ 87,940,355.64 $ 54,746,925.36
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 43,900.51 31,358.57 123,202.75 395,360.58
Additional Principal Distribution 8,651.92 7,903.65 24,152.10 42,073.09
Liquidations Distribution 2,153,820.84 1,222,285.20 4,518,558.43 1,875,539.09
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 31,211,438.29 $ 23,519,541.57 $ 83,274,442.36 $ 52,433,952.60
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 203,119.41 $ 152,002.79 $ 526,092.75 $ 302,847.94
Compensating Interest 6,883.36 -- 12,527.58 6,756.93
Trustee Fee (Tx. Com. Bk.) 375.95 309.77 1,099.25 684.34
Pool Insurance Premium (PMI Mtg. Ins.) -- -- -- --
Pool Insurance (GE Mort. Ins.) 8,087.11 7,112.21 -- 8,814.25
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) 1,587.35 741.34 -- --
Bond Manager Fee (Capstead) 529.12 413.02 1,099.25 798.39
Excess Compensating Interest (Capstead) -- 1,045.59 -- --
Administrative Fee (Capstead) 905.11 (0.02) 3,664.27 1,710.83
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- -- --
Other -- (0.01) -- --
---------------- ---------------- ---------------- ----------------
Total Fees 11,484.64 9,621.90 5,862.77 12,007.81
---------------- ---------------- ---------------- ----------------
Servicing Fee 10,571.27 7,744.09 22,810.72 15,384.31
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 232,058.68 $ 169,368.78 $ 567,293.82 $ 336,996.99
================ ================ ================ ================
LOAN COUNT 127 91 329 249
WEIGHTED AVERAGE PASS-THROUGH RATE 7.540988 7.431212 7.349804 6.786241
</TABLE>
Page 1
<PAGE> 2
CAPSTEAD MORTGAGE CORPORATION EXHIBIT 28.1
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-MAR-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 $ 36,885,812.03 $ 96,657,666.98 $ 35,596,399.79 $ 129,939,983.62
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 254,253.50 126,397.79 46,905.74 177,758.82
Additional Principal Distribution 51,759.99 69,431.99 8,501.72 53,951.67
Liquidations Distribution 989,188.36 4,930,048.53 1,357,444.70 2,625,197.42
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ---------------
Ending Security Balance $ 35,590,610.18 $ 91,531,788.67 $ 34,183,547.63 $ 127,083,075.71
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 202,879.00 $ 561,828.03 $ 197,172.11 $ 765,235.61
Compensating Interest 2,213.81 11,140.93 -- 10,459.36
Trustee Fee (Tx. Com. Bk.) 399.60 1,047.12 444.96 1,461.82
Pool Insurance Premium (PMI Mtg. Ins.) 8,114.88 21,264.69 10,216.21 --
Pool Insurance (GE Mort. Ins.) -- -- -- --
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- 1,064.93 --
Bond Manager Fee (Capstead) 461.07 1,208.22 593.27 1,624.25
Excess Compensating Interest (Capstead) -- -- 5,562.06 --
Administrative Fee (Capstead) 1,306.42 3,423.38 (4.62) 5,414.37
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- -- --
Other -- -- (0.15) --
---------------- ---------------- ---------------- ---------------
Total Fees 10,281.97 26,943.41 17,876.66 8,500.44
---------------- ---------------- ---------------- ---------------
Servicing Fee 10,366.82 25,069.30 11,495.27 32,282.52
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ---------------
Total Interest Distribution $ 225,741.60 $ 624,981.67 $ 226,544.04 $ 816,477.93
================ ================ ================ ================
LOAN COUNT 166 334 126 475
WEIGHTED AVERAGE PASS-THROUGH RATE 6.67225 7.11338 6.854417 7.163568
</TABLE>
Page 2
<PAGE> 3
CAPSTEAD MORTGAGE CORPORATION EXHIBIT 28.1
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-MAR-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 $ 26,354,875.45 $ 18,363,436.88 $ 21,556,143.28 $ 18,172,367.23
Loans Repurchased -- -- --
Scheduled Principal Distribution 32,495.98 22,378.23 28,464.77 21,495.56
Additional Principal Distribution 16,050.37 10,060.03 2,076.63 9,394.82
Liquidations Distribution 464,089.09 1,304,307.82 1,751,415.16 598,977.80
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- 217.89 --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- 46,629.30 --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 25,842,240.01 $ 17,026,690.80 $ 19,727,339.53 $ 17,542,499.05
================ ================ ================ =================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 151,017.40 $ 111,537.69 $ 124,710.53 $ 110,739.70
Compensating Interest -- -- --
Trustee Fee (Tx. Com. Bk.) 329.44 229.55 269.46 227.15
Pool Insurance Premium (PMI Mtg. Ins.) -- -- -- --
Pool Insurance (GE Mort. Ins.) 7,748.33 5,270.33 6,129.09 5,342.67
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) -- 745.31 1,101.45 --
Excess Compensating Interest (Capstead) 503.44 -- 9,001.61 1,722.09
Administrative Fee (Capstead) 1,098.11 171.35 106.35 757.16
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) 683.03 549.37 644.88 470.98
Other -- (0.28) (0.04) --
---------------- ---------------- ---------------- ----------------
Total Fees 10,362.35 6,965.63 17,252.80 8,520.05
---------------- ---------------- ---------------- ----------------
Servicing Fee 8,235.88 5,738.56 6,736.28 5,678.86
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 169,615.63 $ 124,241.88 $ 148,699.61 $ 124,938.61
================ ================ ================ ================
LOAN COUNT 103 59 82 74
WEIGHTED AVERAGE PASS-THROUGH RATE 6.87618 7.337366 7.50488 7.312621
</TABLE>
Page 3
<PAGE> 4
CAPSTEAD MORTGAGE CORPORATION EXHIBIT 28.1
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-MAR-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 $ 26,358,723.08 $ 40,284,184.31 $ 33,598,165.11 $ 67,232,816.67
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 30,080.48 42,783.35 42,438.34 79,519.57
Additional Principal Distribution 4,459.44 144,151.58 4,874.96 92,511.41
Liquidations Distribution 1,416,272.30 1,458,710.30 506,226.31 3,357,165.85
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 24,907,910.86 $ 38,638,539.08 $ 33,044,625.50 $ 63,703,619.84
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 153,080.77 $ 239,879.16 $ 187,761.96 $ 381,775.37
Compensating Interest -- -- -- --
Trustee Fee (Tx. Com. Bk.) 329.49 335.70 419.97 840.41
Pool Insurance Premium (PMI Mtg. Ins.) 7,606.69 -- -- 18,169.67
Pool Insurance (GE Mort. Ins.) -- 15,106.57 9,676.27 --
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) 1,341.63 -- -- 1,652.10
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) -- -- -- --
Excess Compensating Interest (Capstead) 5,606.88 2,608.67 1,412.68 9,180.58
Administrative Fee (Capstead) 1,098.34 1,030.35 1,400.00 2,801.40
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) 788.56 923.18 769.96 1,944.15
Other -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Fees 16,771.59 20,004.47 13,678.88 34,588.31
---------------- ---------------- ---------------- ----------------
Servicing Fee 8,237.11 12,588.86 9,341.67 19,725.26
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 178,089.47 $ 272,472.49 $ 210,782.51 $ 436,088.94
================ ================ ================ ================
LOAN COUNT 110 187 124 234
WEIGHTED AVERAGE PASS-THROUGH RATE 6.969113 7.145608 6.706151 6.81409
</TABLE>
Page 4
<PAGE> 5
CAPSTEAD MORTGAGE CORPORATION EXHIBIT 28.1
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-MAR-99
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-C.1 1996-C.2 1996-C.3
---------------- ---------------- ----------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 13,016,874.84 $ 24,211,400.23 $ 23,824,017.04
Loans Repurchased -- -- --
Scheduled Principal Distribution 13,240.22 27,824.51 23,720.20
Additional Principal Distribution 732.74 53,935.24 1,496.47
Liquidations Distribution 213,027.14 998,555.15 656,675.86
Accelerated Prepayments -- -- --
Adjustments (Cash) -- -- --
Adjustments (Non-Cash) -- -- --
Losses/Foreclosures -- -- --
Special Hazard Account -- -- --
---------------- ---------------- ----------------
Ending Security Balance $ 12,789,874.74 $ 23,131,085.33 $ 23,142,124.51
================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 80,200.55 $ 146,868.71 $ 140,797.26
Compensating Interest -- 2,109.83 --
Trustee Fee (Tx. Com. Bk.) 162.71 201.76 198.54
Pool Insurance Premium (PMI Mtg. Ins.) -- -- --
Pool Insurance (GE Mort. Ins.) 3,748.87 -- --
Pool Insurance (United Guaranty Ins.) -- -- 8,874.44
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- --
Bond Manager Fee (Capstead) -- -- 3,119.74
Excess Compensating Interest (Capstead) 812.51 235.39 1,064.27
Administrative Fee (Capstead) 650.90 504.39 951.36
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) 298.31 -- 688.91
Other -- -- --
---------------- ---------------- ----------------
Total Fees 5,673.30 941.54 14,897.26
---------------- ---------------- ----------------
Servicing Fee 4,067.78 5,604.13 7,445.04
Interest on Accelerated Prepayments -- -- --
---------------- ---------------- ----------------
Total Interest Distribution $ 89,941.63 $ 155,524.21 $ 163,139.56
================ ================ ================
LOAN COUNT 58 106 105
WEIGHTED AVERAGE PASS-THROUGH RATE 7.39353 7.383887 7.249004
</TABLE>
Page 5
<PAGE> 1
EXHIBIT 28.2
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS MARCH 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
- ------------------------------------------------------------------------------------------------------------------------------------
1993-2A 3/25/99 149,572,077.00 31,211,436.29
- --------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 125714AC9 34,791,000.00
D 125714AD7 8,535,000.00
E 125714AE5 0.00000 28,652,000.00 0 0 0.00 0.00 0
F 125714AG0 7.25000 10,692,000.00 0.0058901852 0.1848819753 8,447,163.26 27.06 0.7900451983
G 125714AH8 7.25000 16,410,000.00 0.0060416667 0 16,410,000.00 52.58 1
H 125714AJ4 7.25000 3,006,000.00 0.0060416667 0 3,006,000.00 9.63 1
I 125714AF2 7.25000 12,057,000.00 0.0002209604 0.0183004852 220,309.28 0.71 0.0182723132
J 125714AK1 7.25000 2,901,000.00 0.0060416684 0 2,901,000.00 9.29 1
KPO 125714AM7 0.00000 772,949.00 0 0.0116000409 226,835.75 0.73 0.293467939
LIO 125714AN5 0.34215 0.00 0.0000637031 0 0.00 0.00 0
R 125714AL9 7.25000 128.00 0.006015625 0 128.00 0.00 1
1993-2B 3/25/99 189,529,970.00 23,519,541.60
- --------------------------------------------------
2B-A 125714AP0 189,529,000.0 0.0008020028 0.0066562237 23,519,541.60 100.00 0.1240946852
1993-2C 3/25/99 207,040,201.00 83,274,441.76
- --------------------------------------------------
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 0.0054409178 0.0527070296 70,491,220.03 84.65 0.8356297643
A-R 125714AZ8 1,000.00 0.00612 0 1,000.00 0.00 1
B-1 000007CQR 5,694,392.00 0.0054891058 0.015144054 5,017,103.69 6.02 0.8810604697
B-2 000008CQR 3,623,203.00 0.0054891073 0.0151440535 3,192,261.80 3.83 0.8810607079
B-3 000009CQR 2,588,003.00 0.0054891088 0.0151440551 2,280,187.77 2.74 0.8810607136
B-4 000010CQR 1,345,761.00 0.0054891099 0.015144056 1,185,697.12 1.42 0.8810606935
B-5 000011CQR 621,120.00 0.0054891003 0.0151440623 547,244.43 0.66 0.8810607129
B-6 000012CQR 1,138,722.00 0.0030623453 0.0084487961 559,726.92 0.67 0.491539568
</TABLE>
<PAGE> 2
EXHIBIT 28.2
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS MARCH 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
- ------------------------------------------------------------------------------------------------------------------------------------
1993-2D 3/25/99 175,093,365.00 52,433,953.09
- --------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0 0 0.00 0.00 0
B 125714AT2 39,792,000.00 0 0 0.00 0.00 0
C 125714AU9 29,251,000.00 0.004925475 .0790732884 23,163,588.09 44.18 0.7918904684
D 125714AV7 17,072,000.00 0.0056552009 0 17,072,000.00 32.56 1
E 125714AW5 1,897,000.00 0.005655203 0 1,897,000.00 3.62 1
F 125714AX3 10,300,365.00 0.0056552006 0 10,300,365.00 19.64 1
R 125714AY1 1,000.00 0.00566 0 1,000.00 0.00 1
1993-2E 3/25/99 317,870,015.00 127,122,398.27
- --------------------------------------------------
15A 125714BE4 0.00000 86,454,000.00 0.0021077121 0.0133111661 31,243,888.38 24.58 0.3613932077
15B 125714BF1 0.00000 9,494,478.45 0.0021077125 0.0133111668 3,431,240.00 2.70 0.3613932225
15CPO 125714BG9 0.00000 1,972,695.84 0 0.0091178164 914,142.67 0.72 0.4633976396
15DIO 125714BH7 0.00000 5,911.86 0.4821904601 0.0049188092 1,339.26 0.00 0.2265324763
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 0.00000 11,747,000.00 0 0 0.00 0.00 0
30G 125714BX2 0.00000 24,409,000.00 0.0039484686 0.0521969515 15,247,895.77 11.99 0.6246833451
30H 125714BY0 0.00000 21,450,000.00 0.0058333333 0 21,450,000.00 16.87 1
30I 125714BZ7 0.00000 13,542,000.00 0.0058333333 0 13,542,000.00 10.65 1
30J 125714CA1 40,256,000.00 0.0036520146 0.0667637498 28,509,281.95 22.43 0.7081995715
30K 125714CB9 17,252,571.43 0.0065473424 0.0667637513 12,218,263.67 9.61 0.7081995878
30NIO 125714BR5 0.00000 0.00 0.0000568175 0 0.00 0.00 0
30PPO 125714BS3 0.00000 1,089,658.82 0 0.0113015173 564,346.57 0.44 0.5179111722
</TABLE>
<PAGE> 3
EXHIBIT 28.2
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS MARCH 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
- ------------------------------------------------------------------------------------------------------------------------------------
1993-2F 3/25/99 222,866,291.00 34,183,547.70
- --------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 125714BJ3 222,866,000.0 0.0008847108 0.0063394686 34,183,547.70 100.00 0.1533816181
1993-2G 3/25/99 246,780,547.00 127,083,085.32
- --------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.0001424792 0.0238674429 0.00 0.00 0
2G-A2 125714CS2 27,342,000.00 0.001524932 0.0165004634 6,533,341.59 5.14 0.238948928
2G-A3 125714CT0 25,200,000.00
2G-A4 125714CU7 15,000,000.00 0.0014678573 0.0577150807 3,040,731.44 2.39 .2027154293
2G-A5 125714A#2 100,190,000.0 0.005969605 0 100,190,000.00 78.84 1
2G-B1 125714A@4 4,936,000.00 0.0054431908 0.006888985 4,466,727.85 3.51 0.9049286568
2G-B2 125714B#1 3,701,000.00 0.005443191 0.0068889841 3,349,140.95 2.64 0.9049286544
2G-B3 125714B*5 1,481,000.00 0.005443187 0.0068889872 1,340,199.32 1.05 0.9049286428
2G-B4 125714B@3 740,000.00 0.0054432027 0.0068889865 669,647.20 0.53 0.9049286486
2G-B5 125714C#0 1,481,547.00 0.0032240759 0.0040804308 794,110.36 0.62 0.5360007884
2G-M 125714A*6 7,403,000.00 0.0054431906 0.0068889855 6,699,186.61 5.27 0.9049286249
2GA3IO 125714CP8 0.00000 0.00 0 0 0.00 0.00 0
2GA4IO 125714CQ6 0.40000 0.00 0.0000868093 0 0.00 0.00 0
1993-2H 3/25/99 315,871,665.00 42,868,931.26
- --------------------------------------------------
2H-A1 125714CG8 0.00000 180,386,000.0 0.0008312072 0.0058548501 24,481,319.09 57.11 0.1357162922
2H-A2 125714CH6 0.00000 125,000,000.0 0.0009009334 0.0063459861 18,387,612.17 42.89 0.1471008974
2H-A3 125714CJ2 10,485,000.00
1993-2I 3/25/99 367,955,786.00 62,177,749.35
- --------------------------------------------------
2I-3IO 125714CL7 0.00000 0.00 0.0000533185 0 0.00 0.00 0
2I-A1 125714CE3 0.00000 237,519,000.0 0.0012087276 0.0138078042 44,635,250.19 71.79 0.1879228617
2I-A2 125714CD5 0.00000 130,435,853.0 0.0007243452 0.0048289504 17,542,499.16 28.21 0.1344913899
</TABLE>
<PAGE> 4
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS MARCH 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
- ------------------------------------------------------------------------------------------------------------------------------------
1995-A 3/25/99 176,490,904.00 38,638,538.06
- --------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 125714CV5 82,117,691.00 0.0015187933 0.017965586 19,021,690.70 49.23 0.231639376
A2 125714CW3 94,373,113.00 0.0012202555 0.0018050988 19,616,847.36 50.77 0.2078647905
R 125714CX1 100.00 0 0 0.00 0.00 0
1996-A 3/25/99 115,119,131.00 33,044,624.63
- --------------------------------------------------
A 125714CY9 115,119,031.0 0.0016310245 0.004808411 33,044,624.63 100.00 0.2870474529
R 125714CZ6 100.00 0 0 0.00 0.00 0
1996-B 3/25/99 207,490,355.00 63,703,618.64
- --------------------------------------------------
A1 125714DA0 41,914,009.00 0.0015288552 0.018137385 9,831,245.57 15.43 0.2345575096
A2 125714DB8 165,576,246.0 0.0019187225 0.0167233308 53,872,373.07 84.57 0.3253629332
R 125714DC6 100.00 0 0 0.00 0.00 0
1996-C 3/25/99 266,806,262.00 57,017,992.18
- --------------------------------------------------
A 125714DD4 0.00000 266,806,062.0 0.0009095262 0.0074556309 57,017,992.18 100.00 0.2248409837
R N/A 100.00
X N/A 100.00
</TABLE>
