CMC SECURITIES CORP II
8-K, 1999-05-20
ASSET-BACKED SECURITIES
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<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                 -------------


                                    FORM 8-K


                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934

                         Date of Report: APRIL 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
                                                                                                          ----

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 APRIL 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                                           $   2,216,417.13  
          Series 1993-2B                                           $     602,909.95  
          Series 1993-2C                                           $   4,766,806.08  
          Series 1993-2D                                           $   1,819,343.27  
          Series 1993-2E                                           $   6,706,603.88  
          Series 1993-2F                                           $   1,444,812.69  
          Series 1993-2G                                           $   4,633,901.16  
          Series 1993-2H                                           $   2,241,889.18  
          Series 1993-2I                                           $   4,292,836.72  
          Series 1995-A                                            $     893,021.40  
          Series 1996-A                                            $     708,545.82  
          Series 1996-B                                            $   2,641,829.83  
          Series 1996-C                                            $   2,696,249.74  
</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
                                 EXHIBIT INDEX

<TABLE>
<CAPTION>
Exhibit No.                        Description
- -----------                        -----------
<S>                                <C>                                       
   28.1                            Collateral Summary - Remittance Reports

   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:  30-APR-99
MASTER SERVICING DIVISION

<TABLE>
<CAPTION>
DEAL REFERENCE                                            93-2A                93-2B                93-2C                93-2D     
                                                 -------------------  -------------------  -------------------  -------------------
<S>                                              <C>                  <C>                  <C>                  <C>                
BEGINNING SECURITY BALANCE                       $     31,211,438.29  $     23,519,541.57  $     83,274,442.36  $     52,433,952.60
  Loans Repurchased                                          --                   --                   --                   --     
  Scheduled Principal Distribution                         41,708.32            31,839.10           118,065.25           383,856.05
  Additional Principal Distribution                         9,405.05             1,335.59            87,955.18           109,863.03
  Liquidations Distribution                             1,968,981.77           430,205.71         4,051,305.87         1,029,255.55
  Accelerated Prepayments                                    --                   --                   --                   --     
  Adjustments (Cash)                                         --                   --                   --                   --     
  Adjustments (Non-Cash)                                     --                   --                   --                   --     
  Losses/Foreclosures                                        --                   --                   --                   --     
  Special Hazard Account                                     --                   --                   --                   --     
                                                 -------------------  -------------------  -------------------  -------------------
                        Ending Security Balance  $     29,191,343.15  $     23,056,161.17  $     79,017,116.06  $     50,910,977.97
                                                 ===================  ===================  ===================  ===================
                                                                                                                                   
INTEREST DISTRIBUTION:                                                                                                             
Due Certificate Holders                          $        187,302.92  $        139,529.55  $        496,450.48  $        292,236.23
Compensating Interest                                       9,019.02              --                 13,029.30             4,132.41
                                                                                                                                   
  Trustee Fee (Tx. Com. Bk.)                                  351.13               294.00             1,040.93               655.42
  Pool Insurance Premium (PMI Mtg. Ins.)                     --                   --                   --                   --     
  Pool Insurance (GE Mort. Ins.)                            7,553.17             6,750.10              --                  8,441.87
  Pool Insurance (United Guaranty Ins.)                      --                   --                   --                   --     
  Backup for Pool Insurance (Fin. Sec. Assur.)               --                   --                   --                   --     
  Special Hazard Insurance (Comm. and Ind.)                 1,482.54               703.63              --                   --     
  Bond Manager Fee (Capstead)                                 494.18              --                  1,040.93               764.66
  Excess Compensating Interest (Capstead)                    --                    391.99              --                   --     
  Administrative Fee (Capstead)                               845.30               690.36             3,469.80             1,638.52
  Administrative Fee (Other)                                 --                      0.04              --                   --     
  Excess-Fees                                                --                   --                   --                   --     
  Special Hazard Insurance (Aetna Casualty)                  --                   --                   --                   --     
  Other                                                      --                   --                   --                   --     
                                                 -------------------  -------------------  -------------------  -------------------
                                     Total Fees            10,726.32             8,830.12             5,551.66            11,500.47
                                                 -------------------  -------------------  -------------------  -------------------
 Servicing Fee                                             10,017.08             7,349.86            21,357.11            14,746.62
 Interest on Accelerated Prepayments                         --                   --                   --                   --     
                                                 -------------------  -------------------  -------------------  -------------------
                    Total Interest Distribution  $        217,065.34  $        155,709.53  $        536,388.55  $        322,615.73
                                                 ===================  ===================  ===================  ===================
LOAN COUNT                                                       118                   89                  313                  240
WEIGHTED AVERAGE PASS-THROUGH RATE                          7.548077             7.174212             7.341697             6.782673
</TABLE>                                         

                                    Page 1
<PAGE>   2
CAPSTEAD MORTGAGE CORPORATION                                      EXHIBIT 28.1
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING:  30-APR-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                       $     35,590,610.18  $     91,531,788.67  $     34,183,547.63  $    127,083,075.71
  Loans Repurchased                                          --                   --                   --                   --     
  Scheduled Principal Distribution                        249,357.58           121,082.22            45,856.01           175,699.95
  Additional Principal Distribution                        28,305.97            22,730.86            11,976.62            88,607.01
  Liquidations Distribution                               227,913.97         5,316,924.08         1,199,308.51         3,611,173.34
  Accelerated Prepayments                                    --                   --                   --                   --     
  Adjustments (Cash)                                         --                   --                   --                   --     
  Adjustments (Non-Cash)                                     --                   --                   --                   --     
  Losses/Foreclosures                                        --                   --                   --                   --     
  Special Hazard Account                                     --                   --                   --                   --     
                                                 -------------------  -------------------  -------------------  -------------------
                         Ending Security Balance $     35,085,032.66  $     86,071,051.51  $     32,926,406.49  $    123,207,595.41
                                                 ===================  ===================  ===================  ===================
INTEREST DISTRIBUTION:                                                                                                             
Due Certificate Holders                          $        196,906.64  $        524,794.98  $        187,671.55  $        749,673.99
Compensating Interest                                         941.45            17,646.15              --                  8,746.87
                                                                                                                                   
  Trustee Fee (Tx. Com. Bk.)                                  385.56               991.59               427.27             1,429.68
  Pool Insurance Premium (PMI Mtg. Ins.)                    7,829.93            20,136.99             9,810.74              --     
  Pool Insurance (GE Mort. Ins.)                             --                   --                   --                   --     
  Pool Insurance (United Guaranty Ins.)                      --                   --                   --                   --     
  Backup for Pool Insurance (Fin. Sec. Assur.)               --                   --                   --                   --     
  Special Hazard Insurance (Comm. and Ind.)                  --                   --                  1,022.62              --     
  Bond Manager Fee (Capstead)                                 444.88             1,144.15               569.73             1,588.54
  Excess Compensating Interest (Capstead)                    --                   --                  4,491.90              --     
  Administrative Fee (Capstead)                             1,260.51             3,241.85                 0.43             5,295.36
  Administrative Fee (Other)                                 --                   --                   --                   --     
  Excess-Fees                                                --                   --                   --                   --     
  Special Hazard Insurance (Aetna Casualty)                  --                   --                   --                   --     
  Other                                                      --                   --                   --                   --     
                                                 -------------------  -------------------  -------------------  -------------------
                                      Total Fees            9,920.88            25,514.58            16,322.69             8,313.58
                                                 -------------------  -------------------  -------------------  -------------------
 Servicing Fee                                              9,981.58            23,860.62            11,058.09            31,559.32
 Interest on Accelerated Prepayments                         --                   --                   --                   --     
                                                 -------------------  -------------------  -------------------  -------------------
                     Total Interest Distribution $        217,750.55  $        591,816.33  $        215,052.33  $        798,293.76
                                                 ===================  ===================  ===================  ===================
LOAN COUNT                                                       161                  317                  120                  466
WEIGHTED AVERAGE PASS-THROUGH RATE                          6.670796             7.111511             6.765818             7.161497
</TABLE>
            
                                     Page 2
<PAGE>   3
CAPSTEAD MORTGAGE CORPORATION                                      EXHIBIT 28.1
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING:  30-APR-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                      $     25,842,240.01  $     17,026,690.80  $     19,727,339.53   $     17,542,499.05
  Loans Repurchased                                         --                   --                   --                    --
  Scheduled Principal Distribution                        32,409.99            22,572.46            23,597.47             21,234.03
  Additional Principal Distribution                        8,577.27             6,902.19             2,028.73              1,797.00
  Liquidations Distribution                            1,924,197.68              --              1,065,219.21          1,270,881.43
  Accelerated Prepayments                                   --                   --                   --                    --
  Adjustments (Cash)                                        --                   --                      8.69               --
  Adjustments (Non-Cash)                                    --                   --                      0.02               --
  Losses/Foreclosures                                       --                   --                   --                    --
  Special Hazard Account                                    --                   --                   --                    --
                                                -------------------  -------------------   ------------------   -------------------
                        Ending Security Balance $     23,877,055.07  $     16,997,216.15  $     18,636,485.41   $     16,248,586.59
                                                ===================  ===================  ===================   ===================
INTEREST DISTRIBUTION:

Due Certificate Holders                         $        143,839.97  $        103,389.55  $        118,573.21   $        103,379.40
Compensating Interest                                       --                   --                   --                    --

  Trustee Fee (Tx. Com. Bk.)                                 323.02               212.81               246.60                219.29
  Pool Insurance Premium (PMI Mtg. Ins.)                    --                   --                   --                    --
  Pool Insurance (GE Mort. Ins.)                           7,597.63             4,886.65             5,609.17              5,157.50
  Pool Insurance (United Guaranty Ins.)                     --                   --                   --                    --
  Backup for Pool Insurance (Fin. Sec. Assur.)              --                   --                   --                    --
  Special Hazard Insurance (Comm. and Ind.)                 --                   --                   --                    --
  Bond Manager Fee (Capstead)                               --                    714.48             1,036.30               --
  Excess Compensating Interest (Capstead)                  3,870.36              --                  1,180.88              3,483.97
  Administrative Fee (Capstead)                            1,076.87               154.17                85.51                730.95
  Administrative Fee (Other)                                --                   --                   --                    --
  Excess-Fees                                               --                   --                   --                    --
  Special Hazard Insurance (Aetna Casualty)                  669.74               509.41               590.16                454.64
  Other                                                     --                      0.08                (0.28)              --
                                                -------------------  -------------------   ------------------   -------------------
                                     Total Fees           13,537.62             6,477.60             8,748.34             10,046.35
                                                -------------------  -------------------   ------------------   -------------------
 Servicing Fee                                             8,075.63             5,321.10             6,164.76              5,482.01
 Interest on Accelerated Prepayments                        --                   --                   --                    --
                                                -------------------  -------------------   ------------------   -------------------
                    Total Interest Distribution $        165,453.22  $        115,188.25  $        133,486.31   $        118,907.76
                                                ===================  ===================  ===================   ===================
LOAN COUNT                                                      102                   54                   78                    72
WEIGHTED AVERAGE PASS-THROUGH RATE                         6.679296             7.337008             7.347576              7.071699
</TABLE>


                                    Page 3
<PAGE>   4
CAPSTEAD MORTGAGE CORPORATION                                      EXHIBIT 28.1
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING:  30-APR-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                      $     24,907,910.86  $     38,638,539.08  $     33,044,625.50  $     63,703,619.84
  Loans Repurchased                                         --                   --                   --                   --
  Scheduled Principal Distribution                        28,881.04            42,770.47            42,249.56            77,386.47
  Additional Principal Distribution                        5,420.97           138,986.79             6,507.00            22,659.96
  Liquidations Distribution                            1,508,372.82           482,722.79           475,611.97         2,181,668.46
  Accelerated Prepayments                                   --                   --                   --                   --
  Adjustments (Cash)                                        --                   --                   --                   --
  Adjustments (Non-Cash)                                    --                   --                   --                   --
  Losses/Foreclosures                                       --                   --                   --                   --
  Special Hazard Account                                    --                   --                   --                   --
                                                -------------------  -------------------  -------------------  -------------------
                        Ending Security Balance $     23,365,236.03  $     37,974,059.03  $     32,520,256.97  $     61,421,904.95
                                                ===================  ===================  ===================  ===================
INTEREST DISTRIBUTION:
Due Certificate Holders                         $        143,443.00  $        228,541.35  $        184,177.28  $        360,114.95
Compensating Interest                                       --                   --                   --                   --

  Trustee Fee (Tx. Com. Bk.)                                 311.35               321.99               413.06               796.29
  Pool Insurance Premium (PMI Mtg. Ins.)                   7,188.01              --                   --                 17,215.90
  Pool Insurance (GE Mort. Ins.)                            --                 14,489.45             9,516.85              --
  Pool Insurance (United Guaranty Ins.)                     --                   --                   --                   --
  Backup for Pool Insurance (Fin. Sec. Assur.)             1,280.24              --                   --                  1,585.03
  Special Hazard Insurance (Comm. and Ind.)                 --                   --                   --                   --
  Bond Manager Fee (Capstead)                               --                   --                   --                   --
  Excess Compensating Interest (Capstead)                  5,613.50             1,561.30             1,344.67             6,069.60
  Administrative Fee (Capstead)                            1,037.86               978.47             1,376.96             2,654.38
  Administrative Fee (Other)                                --                   --                   --                   --
  Excess-Fees                                               --                   --                   --                   --
  Special Hazard Insurance (Aetna Casualty)                  745.16               885.47               757.27             1,842.10
  Other                                                     --                   --                   --                   --
                                                -------------------  -------------------  -------------------  -------------------
                                     Total Fees           16,176.12            18,236.68            13,408.81            30,163.30
                                                -------------------  -------------------  -------------------  -------------------
 Servicing Fee                                             7,783.72            12,074.49             9,192.47            18,649.92
 Interest on Accelerated Prepayments                        --                   --                   --                   --
                                                -------------------  -------------------  -------------------  -------------------
                    Total Interest Distribution $        167,402.84  $        258,852.52  $        206,778.56  $        408,928.17
                                                ===================  ===================  ===================  ===================
LOAN COUNT                                                      104                  180                  121                  223
WEIGHTED AVERAGE PASS-THROUGH RATE                          6.91072             7.097826             6.688311              6.78357
</TABLE>


                                    Page 4
<PAGE>   5
CAPSTEAD MORTGAGE CORPORATION                                      EXHIBIT 28.1
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING:  30-APR-99
MASTER SERVICING DIVISION

<TABLE>
<CAPTION>
DEAL REFERENCE                                            1996-C.1             1996-C.2             1996-C.3
                                                   -------------------  -------------------  -------------------
<S>                                                <C>                  <C>                  <C>                
BEGINNING SECURITY BALANCE                         $     12,789,874.74  $     23,131,085.33  $     23,142,124.51
  Loans Repurchased                                            --                   --                   --
  Scheduled Principal Distribution                           13,296.59            27,709.85            23,449.17
  Additional Principal Distribution                             468.69            27,900.52             3,226.30
  Liquidations Distribution                                 906,954.03           852,061.33           492,980.31
  Accelerated Prepayments                                      --                   --                   --
  Adjustments (Cash)                                           --                   --                   --
  Adjustments (Non-Cash)                                       --                   --                   --
  Losses/Foreclosures                                          --                   --                   --
  Special Hazard Account                                       --                   --                   --
                                                   -------------------  -------------------  -------------------
                           Ending Security Balance $     11,869,155.43  $     22,223,413.63  $     22,622,468.73
                                                   ===================  ===================  ===================
INTEREST DISTRIBUTION:
Due Certificate Holders                            $         75,836.21  $        136,825.37  $        135,541.37
Compensating Interest                                          --                  2,084.73              --   

  Trustee Fee (Tx. Com. Bk.)                                    159.87               192.76               192.85
  Pool Insurance Premium (PMI Mtg. Ins.)                       --                   --                   --
  Pool Insurance (GE Mort. Ins.)                              3,683.48              --                   --
  Pool Insurance (United Guaranty Ins.)                        --                   --                  8,620.44
  Backup for Pool Insurance (Fin. Sec. Assur.)                 --                   --                   --
  Special Hazard Insurance (Comm. and Ind.)                    --                   --                   --
  Bond Manager Fee (Capstead)                                  --                   --                  2,940.24
  Excess Compensating Interest (Capstead)                     2,926.10             1,116.00               977.02
  Administrative Fee (Capstead)                                 639.52               481.87               917.53
  Administrative Fee (Other)                                   --                   --                   --
  Excess-Fees                                                  --                   --                   --
  Special Hazard Insurance (Aetna Casualty)                     293.10              --                    669.20
  Other                                                        --                   --                   --
                                                   -------------------  -------------------  -------------------
                                        Total Fees            7,702.07             1,790.63            14,317.28
                                                   -------------------  -------------------  -------------------
 Servicing Fee                                                3,996.86             5,352.03             7,231.94
 Interest on Accelerated Prepayments                           --                   --                   --
                                                   -------------------  -------------------  -------------------
                       Total Interest Distribution $         87,535.14  $        146,052.76  $        157,090.59
                                                   ===================  ===================  ===================
LOAN COUNT                                                          57                  102                  102
WEIGHTED AVERAGE PASS-THROUGH RATE                            7.115273             7.206412             7.180775
</TABLE>

                                    Page 5

<PAGE>   1
CMC SECURITIES CORPORATION II     SOURCE:  CHASE BANK OF TEXAS      EXHIBIT 28.2
BOND BALANCES AND FACTORS            APRIL 1999 DISTRIBUTION
<TABLE>
<CAPTION>
 SERIES     PAYMENT DATE      CLOSING BALANCE        CURRENT BALANCE
      CLASS         CUSIP NUMBER       COUPON        CLOSING BALANCE         INTEREST PAID         PRINCIPAL PAID         
                                                        PER CLASS              PER $1000              PER $1000           
- -----------------------------------------------------------------------------------------------------------------------------------
<S>         <C>               <C>                    <C>                     <C>                   <C>                    
1993-2A            4/25/99        149,572,077.00          29,191,341.15
- -----------------------------------------------------------------------

        A            125714AC9                        34,791,000.00
        D            125714AD7                         8,535,000.00
        E            125714AE5                        28,652,000.00
        F            125714AG0           7.25000      10,692,000.00            0.0047731893           0.1700105219        
        G            125714AH8           7.25000      16,410,000.00            0.0060416667                      0        
        H            125714AJ4           7.25000       3,006,000.00            0.0060416667                      0        
        I            125714AF2           7.25000      12,057,000.00            0.0001103956           0.0167554251        
        J            125714AK1           7.25000       2,901,000.00            0.0060416684                      0        
        KPO          125714AM7           0.00000         772,949.00                       0           0.0004172073        
        LIO          125714AN5           0.35077               0.00            0.0000609964                      0        
        R            125714AL9           7.25000             128.00             0.006015625                      0        


1993-2B            4/25/99        189,529,970.00          23,056,161.20
- -----------------------------------------------------------------------

        2B-A         125714AP0                        189,529,000.0             0.000736191            0.002444905        


1993-2C            4/25/99        207,040,201.00          79,017,115.45
- -----------------------------------------------------------------------

        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            0.0051124504           0.0479936116        
        A-R          125714AZ8                             1,000.00                 0.00612                      0        
        B-1          000007CQR                         5,694,392.00            0.0053903999           0.0143874096        
        B-2          000008CQR                         3,623,203.00            0.0053904018           0.0143874136        
        B-3          000009CQR                         2,588,003.00            0.0053903995           0.0143874138        
        B-4          000010CQR                         1,345,761.00            0.0053903999           0.0143874135        
        B-5          000011CQR                           621,120.00            0.0053904077           0.0143874131        
        B-6          000012CQR                         1,138,722.00            0.0030072748           0.0080266738        
</TABLE>

<TABLE>
<CAPTION>
 SERIES
      CLASS          CURRENT BALANCE      % OF CURRENT        CURRENT
                       PER CLASS            BALANCE          FACTOR
- ----------------------------------------------------------------------------------------------------------------------------------
<S>              <C>               <C>                    <C>
1993-2A    
- ----------

        A
        D
        E
        F       6,629,410.76           22.71        0.6200346764
        G      16,410,000.00           56.22                   1
        H       3,006,000.00           10.30                   1
        I          18,289.12            0.06        0.0015168881
        J       2,901,000.00            9.94                   1
        KPO       226,513.27            0.78        0.2930507317
        LIO             0.00            0.00                   0
        R             128.00            0.00                   1


1993-2B   
- ----------
            
        2B-A   23,056,161.20          100.00        0.1216497802


1993-2C     
- ----------

        A-2
        A-3
        A-4
        A-5    66,442,622.94           84.09        0.7876361528
        A-R         1,000.00            0.00                   1
        B-1     4,935,176.14            6.25        0.8666730601
        B-2     3,140,133.28            3.97        0.8666732943
        B-3     2,242,953.10            2.84        0.8666732998
        B-4     1,166,335.10            1.48          0.86667328
        B-5       538,308.12            0.68        0.8666732998
        B-6       550,586.77            0.70        0.4835128943
</TABLE>

<PAGE>   2
                                                                    EXHIBIT 28.2
CMC SECURITIES CORPORATION II       SOURCE:  CHASE BANK OF TEXAS  
BOND BALANCES AND FACTORS             APRIL 1999 DISTRIBUTION

<TABLE>
<CAPTION>
 SERIES     PAYMENT DATE      CLOSING BALANCE        CURRENT BALANCE

      CLASS         CUSIP NUMBER       COUPON        CLOSING BALANCE         INTEREST PAID         PRINCIPAL PAID         
                                                        PER CLASS              PER $1000              PER $1000           
- -----------------------------------------------------------------------------------------------------------------------------------
<S>         <C>               <C>                    <C>                     <C>                   <C>                    

1993-2D            4/25/99        175,093,365.00          50,910,978.64
- -----------------------------------------------------------------------

        A            125714AR6                        50,026,000.00
        AB           125714AS4                        26,754,000.00
        B            125714AT2                        39,792,000.00
        C            125714AU9                        29,251,000.00            0.0044759451           0.0520657225        
        D            125714AV7                        17,072,000.00            0.0056522276                      0        
        E            125714AW5                         1,897,000.00            0.0056522298                      0        
        F            125714AX3                        10,300,365.00            0.0056522279                      0        
        R            125714AY1                             1,000.00                 0.00565                      0        


1993-2E            4/25/99        317,870,015.00         121,156,082.76
- -----------------------------------------------------------------------

        15A          125714BE4           0.00000      86,454,000.00            0.0020328368           0.0051866842        
        15B          125714BF1           0.00000       9,494,478.45            0.0020328374           0.0051866843        
        15CPO        125714BG9           0.00000       1,972,695.84                       0           0.0039859563        
        15DIO        125714BH7           0.00000           5,911.86            0.4719435047           0.0101606901        
        30A          125714BT1                        29,444,000.00
        30B          125714BL8                         9,738,000.00
        30CIO        125714BM6           0.00000               0.00                       0                      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            0.0036439862           0.0517320107        
        30H          125714BY0           0.00000      21,450,000.00            0.0058333333                      0        
        30I          125714BZ7           0.00000      13,542,000.00            0.0058333333                      0        
        30J          125714CA1                        40,256,000.00            0.0033096527           0.0726198572        
        30K          125714CB9                        17,252,571.43            0.0060480244           0.0726198588        
        30NIO        125714BR5           0.00000               0.00            0.0000536403                      0        
        30PPO        125714BS3           0.00000       1,089,658.82                       0           0.0199576289        
</TABLE>

<TABLE>
<CAPTION>
 SERIES     
      CLASS   CURRENT BALANCE      % OF CURRENT        CURRENT
                 PER CLASS            BALANCE          FACTOR
- ------------------------------------------------------------------------------------------------------------------------------------
<S>          <C>                  <C>                 <C>

1993-2D       
- -------

        A
        AB
        B
        C        21,640,613.64           42.51        0.7398247458
        D        17,072,000.00           33.53                   1
        E         1,897,000.00            3.73                   1
        F        10,300,365.00           20.23                   1
        R             1,000.00            0.00                   1


1993-2E      
- -------

        15A      30,795,478.78           25.42        0.3562065235
        15B       3,381,995.14            2.79        0.3562065382
        15CPO       906,279.59            0.75        0.4594116833
        15DIO         1,279.19            0.00        0.2163717862
        30A
        30B
        30CIO             0.00            0.00                   0
        30D
        30E
        30F
        30G      13,985,169.12           11.54        0.5729513343
        30H      21,450,000.00           17.70                   1
        30I      13,542,000.00           11.18                   1
        30J      25,585,896.98           21.12        0.6355797143
        30K      10,965,384.40            9.05         0.635579729
        30NIO             0.00            0.00                   0
        30PPO       542,599.56            0.45        0.4979535433
</TABLE>

<PAGE>   3
CMC SECURITIES CORPORATION II       SOURCE:  CHASE BANK OF TEXAS   EXHIBIT 28.2
BOND BALANCES AND FACTORS             APRIL 1999 DISTRIBUTION

<TABLE>
<CAPTION>
 SERIES     PAYMENT DATE      CLOSING BALANCE        CURRENT BALANCE
      CLASS         CUSIP NUMBER       COUPON        CLOSING BALANCE         INTEREST PAID         PRINCIPAL PAID         
                                                        PER CLASS              PER $1000              PER $1000           
- -----------------------------------------------------------------------------------------------------------------------------------
<S>         <C>               <C>                    <C>                     <C>                   <C>                    
1993-2F            4/25/99        222,866,291.00          32,926,406.56
- -----------------------------------------------------------------------

        A            125714BJ3                        222,866,000.0            0.0008420825           0.0056407938        


1993-2G            4/25/99        246,780,547.00         123,207,605.11
- -----------------------------------------------------------------------

        2G-A1        125714CR4                        59,032,000.00
        2G-A2        125714CS2                        27,342,000.00            0.0014260266           0.0923511115        
        2G-A3        125714CT0                        25,200,000.00
        2G-A4        125714CU7                        15,000,000.00            0.0011422167            0.078347256        
        2G-A5        125714A#2                        100,190,000.0            0.0059679142                      0        
        2G-B1        125714A@4                         4,936,000.00            0.0054005369             0.00915469        
        2G-B2        125714B#1                         3,701,000.00            0.0054005377           0.0091546879        
        2G-B3        125714B*5                         1,481,000.00            0.0054005334            0.009154686        
        2G-B4        125714B@3                           740,000.00            0.0054005405           0.0091546892        
        2G-B5        125714C#0                         1,481,547.00             0.003198805           0.0054223794        
        2G-M         125714A*6                         7,403,000.00            0.0054005363           0.0091546886        
        2GA3IO       125714CP8           0.00000               0.00                       0                      0        
        2GA4IO       125714CQ6           0.40000               0.00             0.000067572                      0        


1993-2H            4/25/99        315,871,665.00          40,874,271.60
- -----------------------------------------------------------------------

        2H-A1        125714CG8           0.00000      180,386,000.0            0.0007826898           0.0063147787        
        2H-A2        125714CH6           0.00000      125,000,000.0            0.0008483459           0.0068444959        
        2H-A3        125714CJ2                        10,485,000.00


1993-2I            4/25/99        367,955,786.00          58,250,308.24
- -----------------------------------------------------------------------

        2I-3IO       125714CL7           0.00000               0.00            0.0000553961                      0        
        2I-A1        125714CE3           0.00000      237,519,000.0             0.001109339           0.0110876547        
        2I-A2        125714CD5           0.00000      130,435,853.0            0.0007258782            0.009919914        
</TABLE>

<TABLE>
<CAPTION>
 SERIES           
      CLASS    CURRENT BALANCE      % OF CURRENT        CURRENT
                  PER CLASS            BALANCE          FACTOR
- --------------------------------------------------------------------------------
<S>               <C>               <C>                    <C>
1993-2F       
- -------

        A       32,926,406.56          100.00        0.1477408244


1993-2G       
- -------

        2G-A1
        2G-A2    4,008,277.50            3.25        0.1465978165
        2G-A3
        2G-A4    1,865,522.60            1.51        0.1243681733
        2G-A5  100,190,000.00           81.32                   1
        2G-B1    4,421,540.30            3.59        0.8957739668
        2G-B2    3,315,259.45            2.69        0.8957739665
        2G-B3    1,326,641.23            1.08        0.8957739568
        2G-B4      662,872.73            0.54        0.8957739595
        2G-B5      786,076.85            0.64        0.5305784089
        2G-M     6,631,414.45            5.38        0.8957739362
        2GA3IO           0.00            0.00                   0
        2GA4IO           0.00            0.00                   0


1993-2H       
- -------

        2H-A1   23,342,221.42           57.11        0.1294015135
        2H-A2   17,532,050.18           42.89        0.1402564014
        2H-A3


1993-2I       
- -------

        2I-3IO           0.00            0.00                   0
        2I-A1   42,001,721.53           72.11         0.176835207
        2I-A2   16,248,586.71           27.89        0.1245714758
</TABLE>

<PAGE>   4
CMC SECURITIES CORPORATION II      SOURCE:  CHASE BANK OF TEXAS   EXHIBIT 28.2
BOND BALANCES AND FACTORS            APRIL 1999 DISTRIBUTION

<TABLE>
<CAPTION>
 SERIES     PAYMENT DATE      CLOSING BALANCE        CURRENT BALANCE
      CLASS         CUSIP NUMBER       COUPON        CLOSING BALANCE         INTEREST PAID         PRINCIPAL PAID         
                                                        PER CLASS              PER $1000              PER $1000           
- -------------------------------------------------------------------------------------------------------------------
<S>         <C>               <C>                    <C>                     <C>                   <C>                    
1995-A             4/25/99        176,490,904.00          37,974,058.01
- -----------------------------------------------------------------------

        A1           125714CV5                        82,117,691.00            0.0014105372           0.0021533745        
        A2           125714CW3                        94,373,113.00            0.0011943157           0.0051672547        
        R            125714CX1                               100.00                       0                      0        


1996-A             4/25/99        115,119,131.00          32,520,256.10
- -----------------------------------------------------------------------

        A            125714CY9                        115,119,031.0            0.0015998857           0.0045550117        
        R            125714CZ6                               100.00                       0                      0        


1996-B             4/25/99        207,490,355.00          61,421,903.74
- -----------------------------------------------------------------------

        A1           125714DA0                        41,914,009.00            0.0014062379             0.00450491        
        A2           125714DB8                        165,576,246.0            0.0018189436           0.0126400743        
        R            125714DC6                               100.00                       0                      0        


1996-C             4/25/99        266,806,262.00          54,670,045.39
- -----------------------------------------------------------------------

        A            125714DD4           0.00000      266,806,062.0            0.0010044171           0.0088005751        
        R            N/A                                     100.00
        X            N/A                                     100.00
</TABLE>

<TABLE>
<CAPTION>
 SERIES                
      CLASS           CURRENT BALANCE      % OF CURRENT        CURRENT
                         PER CLASS            BALANCE          FACTOR
- ---------------------------------------------------------------------------------------------
<S>                  <C>               <C>                    <C>
1995-A      
- -------

        A1             18,844,860.56           49.63        0.2294860015
        A2             19,129,197.45           50.37        0.2026975358
        R                       0.00            0.00                   0


1996-A 
- -------

        A              32,520,256.10          100.00        0.2824924412
        R                       0.00            0.00                   0


1996-B 
- -------

        A1              9,642,426.73           15.70        0.2300525996
        A2             51,779,477.01           84.30        0.3127228589
        R                       0.00            0.00                   0


1996-C 
- -------

        A              54,670,045.39          100.00        0.2248409837
        R    
        X
</TABLE>


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