<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: NOVEMBER 25, 1998
(Date of Earliest Event Reported)
CMC SECURITIES CORPORATION II
------------------------------------------------------
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 33-56778 75-2473215
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
2711 North Haskell
Suite 900
Dallas, Texas 75204
---------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (214) 874-2323
--------------
<PAGE> 2
CMC SECURITIES CORPORATION II
FORM 8-K
INDEX
<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 NOVEMBER 25, 1998 Distribution Date for
each outstanding Series is summarized and included as Exhibits to this filing.
Capitalized terms used herein but not otherwise defined have the meanings set
forth in the applicable Pooling Agreement.
<TABLE>
<CAPTION>
SERIES DESIGNATION DISTRIBUTION OF PRINCIPAL AND INTEREST ON SERIES
------------------ ------------------------------------------------
<S> <C>
Series 1993-2A $3,298,589.31
Series 1993-2B $2,339,941.37
Series 1993-2C $3,057,350.09
Series 1993-2D $1,677,290.97
Series 1993-2E $6,297,189.43
Series 1993-2F $1,077,102.01
Series 1993-2G $7,181,424.05
Series 1993-2H $2,614,183.05
Series 1993-2I $3,555,830.99
Series 1995-A $2,147,178.00
Series 1996-A $1,111,942.80
Series 1996-B $4,471,711.12
Series 1996-C $2,817,105.10
</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
January 6, 1999 By: /s/ Phillip A. Reinsch
----------------------
Phillip A. Reinsch - Vice President
<PAGE> 4
Exhibit Index
<TABLE>
<CAPTION>
EXHIBIT NO. DESCRIPTION
- ----------- -----------
<S> <C>
28.1 Collateral Summary and Remittance Report.
28.2 Summary of Trustee's Reports to Bondholders.
</TABLE>
<PAGE> 1
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-NOV-98
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2A 93-2B 93-2C 93-2D
---------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 42,343,634.12 $ 31,956,396.00 $ 97,377,724.04 $ 62,649,230.05
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 52,036.59 34,871.92 130,621.66 426,435.47
Additional Principal Distribution 7,654.78 11,112.97 23,442.99 60,965.23
Liquidations Distribution 2,972,442.94 2,095,628.63 2,306,411.78 834,642.41
Accelerated Prepayments -- -- --
Adjustments (Cash) -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 39,311,499.81 $ 29,814,782.48 $ 94,917,247.61 $ 61,327,186.94
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 259,419.05 $ 198,327.85 $ 591,688.98 $ 352,712.50
Compensating Interest 7,035.95 -- 5,184.68 2,534.28
Trustee Fee (Tx. Com. Bk.) 476.37 396.64 1,217.22 783.12
Pool Insurance Premium (PMI Mtg. Ins.) -- -- -- --
Pool Insurance (GE Mort. Ins.) 10,247.16 9,107.06 -- 10,086.53
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) 2,011.32 949.33 -- --
Bond Manager Fee (Capstead) 670.44 532.61 1,217.22 913.63
Excess Compensating Interest (Capstead) -- 5,714.49 -- --
Administrative Fee (Capstead) 1,146.77 0.02 4,057.42 1,957.79
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- -- --
Other -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Fees 14,552.06 16,700.15 6,491.86 13,741.07
---------------- ---------------- ---------------- ----------------
Servicing Fee 13,576.61 9,916.14 25,235.84 17,593.54
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 294,583.67 $ 224,944.14 $ 628,601.36 $ 386,581.39
================ ================ ================ ================
LOAN COUNT 160 113 363 276
WEIGHTED AVERAGE PASS-THROUGH RATE 7.551217713 7.682025 7.355361804 6.80449128
</TABLE>
<PAGE> 2
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-NOV-98
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2E.A 93-2E.B 93-2F 93-2G
---------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 40,585,727.32 $ 113,426,630.99 $ 41,805,569.00 $ 148,764,460.25
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 267,377.41 143,691.75 49,911.92 198,180.25
Additional Principal Distribution 22,806.23 31,262.68 1,098.42 24,916.72
Liquidations Distribution -- 4,933,880.36 771,525.25 6,068,662.85
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 40,295,543.68 $ 108,317,796.20 $ 40,983,033.41 $ 142,472,700.43
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 226,096.01 $ 658,275.24 $ 254,566.30 $ 875,745.95
Compensating Interest -- 13,799.76 -- 13,918.28
Trustee Fee (Tx. Com. Bk.) 439.68 1,228.79 522.60 1,673.60
Pool Insurance Premium (PMI Mtg. Ins.) 8,928.86 24,953.86 11,998.18 --
Pool Insurance (GE Mort. Ins.) -- -- -- --
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- 1,250.71 --
Bond Manager Fee (Capstead) 507.32 1,417.83 696.76 1,859.56
Excess Compensating Interest (Capstead) -- -- 3,277.71 --
Administrative Fee (Capstead) 1,437.43 4,017.39 (0.10) 6,198.62
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- -- --
Other -- -- 0.02 --
---------------- ---------------- ---------------- ----------------
Total Fees 11,313.29 31,617.87 17,745.88 9,731.78
---------------- ---------------- ---------------- ----------------
Servicing Fee 11,354.78 29,608.85 13,441.93 36,904.52
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 248,764.08 $ 733,301.72 $ 285,754.11 $ 936,300.53
================ ================ ================ ================
LOAN COUNT 180 388 147 542
WEIGHTED AVERAGE PASS-THROUGH RATE 6.684990757 7.110234986 7.421231 7.176425567
</TABLE>
<PAGE> 3
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-NOV-98
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2H.1 93-2H.2 93-2I 93-2I.1
---------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 30,382,935.07 $ 21,928,219.00 $ 25,453,442.93 $ 22,264,479.71
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 34,102.04 26,145.11 27,447.29 23,865.17
Additional Principal Distribution 9,868.41 2,865.56 1,875.39 59,942.11
Liquidations Distribution 1,381,458.69 842,144.57 993,906.03 1,727,765.99
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- 13.28 --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 28,957,505.93 $ 21,057,063.76 $ 24,430,200.94 $ 20,452,906.44
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 184,940.99 $ 132,658.40 $ 160,211.69 $ 135,982.08
Compensating Interest -- -- -- --
Trustee Fee (Tx. Com. Bk.) 379.79 274.13 318.29 278.31
Pool Insurance Premium (PMI Mtg. Ins.) -- --
Pool Insurance (GE Mort. Ins.) 8,932.58 6,293.40 7,237.22 6,545.76
Pool Insurance (United Guaranty Ins.) -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) -- 871.85 1,271.65 --
Excess Compensating Interest (Capstead) 1,878.39 -- 2,730.52 6,936.03
Administrative Fee (Capstead) 1,266.01 221.09 140.13 927.60
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) 787.41 656.01 761.51 577.02
Other -- (0.71) (0.58) --
---------------- ---------------- ---------------- ----------------
Total Fees 13,244.18 8,315.77 12,458.74 15,264.72
---------------- ---------------- ---------------- ----------------
Servicing Fee 9,494.69 7,520.99 7,954.21 6,957.68
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 207,679.86 $ 148,495.16 $ 180,624.64 $ 158,204.48
================ ================ ================ ================
LOAN COUNT 117 69 100 92
WEIGHTED AVERAGE PASS-THROUGH RATE 7.304402537 7.348692 7.711564 7.329095408
</TABLE>
<PAGE> 4
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-NOV-98
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2I.2 1995-A 1996-A 1996-B
---------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 25,581,194.17 $ 46,498,293.84 $ 41,212,234.93 $ 83,978,091.92
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 29,339.42 44,750.28 45,906.89 91,365.53
Additional Principal Distribution 4,162.12 84,770.83 7,375.13 6,369.67
Liquidations Distribution 209,238.57 1,729,440.07 804,821.57 3,866,566.46
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 25,338,454.06 $ 44,639,332.66 $ 40,354,131.34 $ 80,013,790.26
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 182,082.43 $ 288,216.80 $ 253,839.21 $ 507,409.45
Compensating Interest -- -- -- --
Trustee Fee (Tx. Com. Bk.) 357.27 387.49 515.16 1,049.72
Pool Insurance Premium (PMI Mtg. Ins.) 8,248.06 -- -- 22,695.08
Pool Insurance (GE Mort. Ins.) -- 17,436.86 11,869.13 --
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) 1,486.80 -- -- 2,110.23
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) -- -- -- --
Excess Compensating Interest (Capstead) 1,107.45 4,894.34 2,947.30 12,230.01
Administrative Fee (Capstead) 1,190.77 1,210.12 1,717.18 3,499.15
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) 855.05 1,065.59 944.45 2,428.37
Other -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Fees 13,245.40 24,994.40 17,993.22 44,012.56
---------------- ---------------- ---------------- ----------------
Servicing Fee 8,931.61 14,530.75 11,471.10 24,746.17
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 204,259.44 $ 327,741.95 $ 283,303.53 $ 576,168.18
================ ================ ================ ================
LOAN COUNT 118 214 149 287
WEIGHTED AVERAGE PASS-THROUGH RATE 7.644849082 7.43812582 7.391180132 7.25059746
</TABLE>
<PAGE> 5
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 30-NOV-98
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-C.1 1996-C.2 1996-C.3
---------------- ---------------- ----------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 16,773,990.07 $ 29,136,922.61 $ 26,877,814.54
Loans Repurchased -- -- --
Scheduled Principal Distribution 16,085.48 29,737.87 24,367.34
Additional Principal Distribution 10,942.17 26,602.50 6,817.48
Liquidations Distribution 789,590.61 986,753.81 461,107.03
Accelerated Prepayments -- -- --
Adjustments (Cash) -- -- --
Adjustments (Non-Cash) -- -- --
Losses/Foreclosures -- -- --
Special Hazard Account -- -- --
---------------- ---------------- ----------------
Ending Security Balance $ 15,957,371.81 $ 28,093,828.43 $ 26,385,522.69
================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 107,971.87 $ 187,650.02 $ 169,336.77
Compensating Interest -- 142.15 --
Trustee Fee (Tx. Com. Bk.) 209.68 242.81 223.98
Pool Insurance Premium (PMI Mtg. Ins.) -- -- --
Pool Insurance (GE Mort. Ins.) 4,830.91 -- --
Pool Insurance (United Guaranty Ins.) -- -- 10,011.99
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- --
Bond Manager Fee (Capstead) -- -- 1,046.04
Excess Compensating Interest (Capstead) 202.28 1,583.15 1,785.33
Administrative Fee (Capstead) 838.72 606.94 1,068.75
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) 384.41 -- 777.22
Other -- -- --
---------------- ---------------- ----------------
Total Fees 6,466.00 2,432.90 14,913.31
---------------- ---------------- ----------------
Servicing Fee 5,241.85 6,768.19 8,399.33
Interest on Accelerated Prepayments -- -- --
---------------- ---------------- ----------------
Total Interest Distribution $ 119,679.72 $ 196,993.26 $ 192,649.41
================ ================ ================
LOAN COUNT 71 127 120
WEIGHTED AVERAGE PASS-THROUGH RATE 7.724235168 7.734193724 7.606994
</TABLE>
<PAGE> 1
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS NOVEMBER 1998 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 11/25/98 149,572,077.00 39,311,497.81
- -----------------------------------------------------------------------
A 125714AC9 34,791,000.00
D 125714AD7 8,535,000.00
E 125714AE5 0.07250 28,652,000.00 0.0000016297 0.0000948704
F 125714AG0 0.07250 10,692,000.00 0.0000060417 0
G 125714AH8 0.07250 16,410,000.00 0.0000060417 0
H 125714AJ4 0.07250 3,006,000.00 0.0000060417 0
I 125714AF2 0.07250 12,057,000.00 0.0000006682 0.0000251497
J 125714AK1 0.07250 2,901,000.00 0.0000060417 0
KPO 125714AM7 0.00000 772,949.00 0 0.0000138134
LIO 125714AN5 0.00348 0.00 0.000000082 0
R 125714AL9 0.07250 128.00 0.0000060156 0
1993-2B 11/25/9 189,529,970.0 29,814,782.27
- -----------------------------------------------------------------------
2B-A 125714AP0 189,529,000.00 0.0000010464 0.0000112997
1993-2C 11/25/98 207,040,201.00 94,917,247.04
- -----------------------------------------------------------------------
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 0.0000060979 0.0000278087
A-R 125714AZ8 1,000.00 0.00000613 0
B-1 000007CQR 5,694,392.00 0.0000056841 0.0000079002
B-2 000008CQR 3,623,203.00 0.0000056841 0.0000079002
B-3 000009CQR 2,588,003.00 0.0000056841 0.0000079002
B-4 000010CQR 1,345,761.00 0.0000056841 0.0000079002
B-5 000011CQR 621,120.00 0.0000056841 0.0000079002
B-6 000012CQR 1,138,722.00 0.0000031712 0.0000044075
</TABLE>
<TABLE>
<CAPTION>
CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- ----------------------------------------------------
<C> <C> <C>
5,010,678.38 12.75 0.0001748806
10,692,000.00 27.20 0.001
16,410,000.00 41.74 0.001
3,006,000.00 7.65 0.001
1,030,358.08 2.62 0.0000854573
2,901,000.00 7.38 0.001
261,333.35 0.66 0.0003380991
0.00 0.00 0
128.00 0.00 0.001
29,814,782.27 100.00 0.0001573099
81,577,163.80 85.95 0.0009670468
1,000.00 0.00 0.001
5,235,675.43 5.52 0.0009194442
3,331,333.68 3.51 0.0009194444
2,379,524.86 2.51 0.0009194444
1,237,352.39 1.30 0.0009194444
571,085.30 0.60 0.0009194444
584,111.58 0.62 0.0005129536
</TABLE>
<PAGE> 2
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS NOVEMBER 1998 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 11/25/98 175,093,365.00 61,327,186.67
- -----------------------------------------------------------------------
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.0000002201 0.0000124325
B 125714AT2 39,792,000.00 0.0000004402 0.0000248649
C 125714AU9 29,251,000.00 0.0000056704 0
D 125714AV7 17,072,000.00 0.0000056704 0
E 125714AW5 1,897,000.00 0.0000056704 0
F 125714AX3 10,300,365.00 0.0000056704 0
R 125714AY1 1,000.00 0.00000567 0
1993-2E 11/25/98 317,870,015.00 148,613,339.50
- -----------------------------------------------------------------------
15A 125714BE4 0.00000 86,454,000.00 0.0000023204 0.0000029507
15B 125714BF1 0.00000 9,494,478.45 0.0000023204 0.0000029507
15CPO 125714BG9 0.00000 1,972,695.84 0 0.0000035755
15DIO 125714BH7 0.00000 5,911.86 0.0005830869 0.0000021922
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 0.00000 11,747,000.00 0.000003505 0.0004334004
30G 125714BX2 0.00000 24,409,000.00 0.0000058333 0
30H 125714BY0 0.00000 21,450,000.00 0.0000058333 0
30I 125714BZ7 0.00000 13,542,000.00 0.0000058333 0
30J 125714CA1 40,256,000.00 0.0000039569 0
30K 125714CB9 17,252,571.43 0.0000064187 0
30NIO 125714BR5 0.00000 0.00 0.0000000653 0
30PPO 125714BS3 0.00000 1,089,658.82 0 0.0000162242
</TABLE>
<TABLE>
<CAPTION>
CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- -----------------------------------------------------
<C> <C> <C>
705,921.34 1.15 0.0000263856
2,099,900.33 3.42 0.0000527719
29,251,000.00 47.70 0.001
17,072,000.00 27.84 0.001
1,897,000.00 3.09 0.001
10,300,365.00 16.80 0.001
1,000.00 0.00 0.001
35,408,454.62 23.83 0.0004095641
3,888,597.49 2.62 0.0004095641
996,849.69 0.67 0.0005053235
1,641.70 0.00 0.0002776894
1,967,117.55 1.32 0.000167457
24,409,000.00 16.42 0.001
21,450,000.00 14.43 0.001
13,542,000.00 9.11 0.001
32,403,578.22 21.80 0.0008049379
13,887,247.79 9.34 0.0008049379
658,852.42 0.44 0.0006046409
</TABLE>
<PAGE> 3
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS NOVEMBER 1998 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 11/25/98 222,866,291.00 40,983,033.47
- -----------------------------------------------------------------------
A 125714BJ3 222,866,000.00 0.0000011422 0.0000036907
1993-2G 11/25/98 246,780,547.00 142,472,709.91
- -----------------------------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.000001216 0.0000615861
2G-A2 125714CS2 27,342,000.00 0.0000019366 0.0000234646
2G-A3 125714CT0 25,200,000.00
2G-A4 125714CU7 15,000,000.00 0.0000036545 0.0001327099
2G-A5 125714A#2 100,190,000.00 0.0000059804 0
2G-B1 125714A@4 4,936,000.00 0.0000056276 0.0000012536
2G-B2 125714B#1 3,701,000.00 0.0000056276 0.0000012536
2G-B3 125714B*5 1,481,000.00 0.0000056276 0.0000012536
2G-B4 125714B@3 740,000.00 0.0000056276 0.0000012536
2G-B5 125714C#0 1,481,547.00 0.0000033333 0.0000007424
2G-M 125714A*6 7,403,000.00 0.0000056276 0.0000012536
2GA3IO 125714CP8 0.00000 0.00 0 0
2GA4IO 125714CQ6 0.00400 0.00 0.0000002157 0
1993-2H 11/25/98 315,871,665.0 50,014,570.45
- -----------------------------------------------------------------------
2H-A1 125714CG8 0.00000 180,386,000.00 0.0000010055 0.0000072706
2H-A2 125714CH6 0.00000 125,000,000.00 0.0000010898 0.0000078805
2H-A3 125714CJ2 10,485,000.00
1993-2I 11/25/9 367,955,786.00 73,221,561.62
- -----------------------------------------------------------------------
2I-3IO 125714CL7 0.00000 0.00 0.0000000697 0
2I-A1 125714CE3 0.00000 237,519,000.00 0.0000014542 0.00000533
2I-A2 125714CD5 0.00000 130,435,853.00 0.0000009491 0.0000138886
</TABLE>
<TABLE>
<CAPTION>
CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- -------------------------------------------------------
<C> <C> <C>
40,983,033.47 100.00 0.0001838909
8,367,816.65 5.87 0.0001417505
8,212,533.81 5.76 0.0003003633
7,716,791.93 5.42 0.0005144528
100,190,000.00 70.32 0.001
4,638,638.43 3.26 0.0009397566
3,478,039.05 2.44 0.0009397566
1,391,779.47 0.98 0.0009397566
695,419.86 0.49 0.0009397566
824,673.06 0.58 0.0005566297
6,957,017.65 4.88 0.0009397565
0.00 0.00 0
0.00 0.00 0
28,562,005.69 57.11 0.0001583383
21,452,564.76 42.89 0.0001716205
52,768,654.98 72.07 0.000222166
20,452,906.64 27.93 0.0001568043
</TABLE>
<PAGE> 4
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS NOVEMBER 1998 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 11/25/98 176,490,904.00 44,639,331.64
- -----------------------------------------------------------------------
A1 125714CV5 82,117,691.00 0.0000018089 0.0000069224
A2 125714CW3 94,373,113.00 0.00000148 0.0000136745
R 125714CX1 100.00 0 0
1996-A 11/25/98 115,119,131.00 40,354,130.47
- -----------------------------------------------------------------------
A 125714CY9 115,119,031.00 0.000002205 0.0000074541
R 125714CZ6 100.00 0 0
1996-B 11/25/98 207,490,355.00 80,013,789.09
- -----------------------------------------------------------------------
A1 125714DA0 41,914,009.00 0.0000020493 0.0000003424
A2 125714DB8 165,576,246.00 0.0000025457 0.0000238558
R 125714DC6 100.00 0 0
1996-C 11/25/98 266,806,262.00 68,391,730.53
- -----------------------------------------------------------------------
A 125714DD4 0.00000 266,806,062.00 0.0000012374 0.0000088154
R N/A 100.00
X N/A 100.00
</TABLE>
<TABLE>
<CAPTION>
CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- ------------------------------------------------------
<C> <C> <C>
22,636,833.40 50.71 0.0002756633
22,002,498.24 49.29 0.0002331437
0.00 0.00 0
40,354,130.47 100.00 0.0003505427
0.00 0.00 0
13,252,908.28 16.56 0.0003161928
66,760,880.81 83.44 0.0004032033
0.00 0.00 0
68,391,630.53 100.00 0.0002563346
100.00
</TABLE>
