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Previous: INSURED MUNICIPALS INCOME TRUST 134TH INSURED MULTI SERIES, 24F-2NT, 1999-01-29 |
Next: ST JOHN KNITS INC, 10-K405, 1999-01-29 |
<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: DECEMBER 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 DECEMBER 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 $1,898,751.09
Series 1993-2B $ 846,272.62
Series 1993-2C $2,644,201.43
Series 1993-2D $2,677,905.67
Series 1993-2E $6,851,664.80
Series 1993-2F $1,676,471.37
Series 1993-2G $4,300,585.63
Series 1993-2H $2,175,971.19
Series 1993-2I $2,416,382.03
Series 1995-A $1,091,327.48
Series 1996-A $2,928,972.40
Series 1996-B $7,479,545.24
Series 1996-C $3,381,497.61
</TABLE>
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits:
SERIES EXHIBIT NO. DESCRIPTION
All 28.1 Collateral Summary and Remittance Report.
All 28.2 Summary of Trustee's Reports to Bondholders.
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 27, 1999 By: s/s Phillip A. Reinsch
------------------------------------------
Phillip A. Reinsch - Senior Vice President
<PAGE> 4
EXHIBIT INDEX
<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>
<PAGE> 1
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-DEC-98
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2A 93-2B 93-2C 93-2D
--------------- --------------- --------------- ---------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 39,311,499.81 $ 29,814,782.10 $ 94,917,247.61 $ 61,327,186.94
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 49,360.24 34,407.38 128,990.71 424,490.39
Additional Principal Distribution 10,269.15 8,472.49 20,230.01 52,818.82
Liquidations Distribution 1,592,263.36 839,996.76 1,913,427.49 1,852,853.76
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
--------------- --------------- --------------- ---------------
Ending Security Balance $ 37,659,607.06 $ 28,931,905.47 $ 92,854,599.40 $ 58,997,023.97
=============== =============== =============== ===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 243,225.93 $ 187,923.65 $ 574,208.43 $ 343,833.28
Compensating Interest 3,632.41 -- 7,344.79 3,909.42
Trustee Fee (Tx. Com. Bk.) 442.25 369.83 1,186.47 766.59
Pool Insurance Premium (PMI Mtg. Ins.) -- -- -- --
Pool Insurance (GE Mort. Ins.) 9,513.38 8,492.47 -- 9,873.68
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) 1,867.30 885.24 -- --
Bond Manager Fee (Capstead) 622.43 496.91 1,186.47 894.35
Excess Compensating Interest (Capstead) -- 1,595.33
Administrative Fee (Capstead) 1,064.73 -- 3,954.99 1,916.49
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- -- --
Other -- -- -- --
--------------- --------------- --------------- ---------------
Total Fees 13,510.09 11,839.78 6,327.93 13,451.11
--------------- --------------- --------------- ---------------
Servicing Fee 12,510.51 9,246.99 24,693.52 17,047.65
Interest on Accelerated Prepayments -- -- -- --
--------------- --------------- --------------- ---------------
Total Interest Distribution $ 272,878.94 $ 209,010.42 $ 612,574.67 $ 378,241.46
=============== =============== =============== ===============
LOAN COUNT 149 52 354 272
WEIGHTED AVERAGE PASS-THROUGH RATE 7.535454242 7.647848 7.35233987 6.804343405
</TABLE>
<PAGE> 2
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-DEC-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 $ 40,295,543.68 $ 108,317,796.20 $ 40,983,033.00 $ 142,472,700.43
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 269,157.58 138,900.25 49,184.23 190,878.77
Additional Principal Distribution 140,851.11 30,593.90 1,883.06 29,938.06
Liquidations Distribution 1,400,954.64 4,004,802.38 1,381,320.63 3,228,392.29
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 38,484,580.35 $ 104,143,499.67 $ 39,550,645.08 $ 139,023,491.31
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 220,257.95 $ 626,807.34 $ 244,083.44 $ 846,248.21
Compensating Interest 4,218.47 15,121.20 -- 5,128.30
Trustee Fee (Tx. Com. Bk.) 436.54 1,173.44 512.29 1,602.82
Pool Insurance Premium (PMI Mtg. Ins.) 8,865.02 23,829.92 11,762.13 --
Pool Insurance (GE Mort. Ins.) -- -- -- --
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- 1,226.11 --
Bond Manager Fee (Capstead) 503.69 1,353.97 683.05 1,780.91
Excess Compensating Interest (Capstead) -- -- 5,745.16 --
Administrative Fee (Capstead) 1,427.18 3,836.40 0.01 5,936.48
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- -- --
Other -- -- 0.01 --
---------------- ---------------- ---------------- ----------------
Total Fees 11,232.43 30,193.73 19,928.76 9,320.21
---------------- ---------------- ---------------- ----------------
Servicing Fee 11,274.96 28,358.54 13,184.51 35,372.81
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 246,983.81 $ 700,480.81 $ 277,196.71 $ 896,069.53
================ ================ ================ ================
LOAN COUNT 180 370 144 522
WEIGHTED AVERAGE PASS-THROUGH RATE 6.684900597 7.111613004 7.335079 7.170860164
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-DEC-98
MASTER SERVICING DIVISION
DEAL REFERENCE 93-2H.1 93-2H.2 93-2I 93-2I.1
---------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 28,957,505.93 $ 21,057,065.00 $ 24,430,200.94 $ 20,452,906.44
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 33,551.48 25,210.48 26,877.54 22,704.92
Additional Principal Distribution 4,148.83 13,070.10 1,541.85 1,546.49
Liquidations Distribution 782,694.07 1,016,180.84 1,007,542.55 684,083.50
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- 8.57 --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- 166,955.69 --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 28,137,111.55 $ 20,002,603.58 $ 23,227,274.74 $ 19,744,571.53
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 173,790.80 $ 127,324.59 $ 152,071.10 $ 127,876.97
Compensating Interest -- -- -- --
Trustee Fee (Tx. Com. Bk.) 361.97 263.25 305.38 255.67
Pool Insurance Premium (PMI Mtg. Ins.) -- -- -- --
Pool Insurance (GE Mort. Ins.) 8,513.51 6,043.40 6,946.27 6,013.15
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) -- 833.58 1,220.36 --
Excess Compensating Interest (Capstead) 302.12 -- 2,641.64 2,810.57
Administrative Fee (Capstead) 1,206.60 206.29 129.50 852.24
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) 750.49 629.95 730.87 530.07
Other -- -- (0.59) --
---------------- ---------------- ---------------- ----------------
Total Fees 11,134.69 7,976.47 11,973.43 10,461.70
---------------- ---------------- ---------------- ----------------
Servicing Fee 9,049.21 7,247.99 7,634.45 6,391.58
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 193,974.70 $ 142,549.05 $ 171,678.98 $ 144,730.25
================ ================ ================ ================
LOAN COUNT 112 66 95 84
WEIGHTED AVERAGE PASS-THROUGH RATE 7.201896479 7.251911 7.659332 7.502716763
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-DEC-98
MASTER SERVICING DIVISION
DEAL REFERENCE 93-2I.2 1995-A 1996-A 1996-B
---------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 28,338,454.06 $ 44,639,332.66 $ 40,354,131.34 $ 80,013,790.26
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 29,546.07 44,167.16 46,488.96 88,077.01
Additional Principal Distribution 14,965.99 2,036.86 8,605.86 10,894.44
Liquidations Distribution -- 766,907.71 2,635,303.43 6,904,927.14
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
---------------- ---------------- ---------------- ----------------
Ending Security Balance $ 28,293,942.00 $ 43,826,220.93 $ 37,663,733.09 $ 73,009,891.67
================ ================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 180,661.37 $ 278,215.74 $ 238,574.15 $ 475,646.60
Compensating Interest -- -- -- --
Trustee Fee (Tx. Com. Bk.) 354.23 372.00 504.43 1,000.17
Pool Insurance Premium (PMI Mtg. Ins.) 8,178.00 -- -- 21,623.72
Pool Insurance (GE Mort. Ins.) -- 16,739.75 11,621.99 --
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) 1,470.26 -- -- 1,985.03
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) -- -- -- --
Excess Compensating Interest (Capstead) -- 2,477.85 7,559.42 18,584.47
Administrative Fee (Capstead) 1,180.75 1,152.82 1,681.47 3,334.04
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) 847.79 1,022.99 924.78 2,313.73
Other -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Fees 12,031.03 21,765.41 22,292.09 48,841.16
---------------- ---------------- ---------------- ----------------
Servicing Fee 8,855.80 13,949.80 11,265.84 23,528.59
Interest on Accelerated Prepayments -- -- -- --
---------------- ---------------- ---------------- ----------------
Total Interest Distribution $ 201,548.20 $ 313,930.95 $ 272,132.08 $ 548,016.35
================ ================ ================ ================
LOAN COUNT 117 205 146 275
WEIGHTED AVERAGE PASS-THROUGH RATE 7.650157752 7.479029549 7.094415627 7.133469345
</TABLE>
<PAGE> 5
<TABLE>
<CAPTION>
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 31-DEC-98
MASTER SERVICING DIVISION
DEAL REFERENCE 1996-C.1 1996-C.2 1996-C.3
---------------- ---------------- ----------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 15,957,371.81 $ 28,093,828.43 $ 26,385,522.69
Loans Repurchased -- -- --
Scheduled Principal Distribution 15,662.73 29,313.60 24,306.21
Additional Principal Distribution 1,610.53 8,793.60 6,856.22
Liquidations Distribution 844,308.02 904,023.74 1,105,018.48
Accelerated Prepayments -- -- --
Adjustments (Cash) -- -- --
Adjustments (Non-Cash) -- -- --
Losses/Foreclosures -- -- --
Special Hazard Account -- -- --
---------------- ---------------- ----------------
Ending Security Balance $ 15,095,790.53 $ 27,151,697.49 $ 25,249,341.78
================ ================ ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 99,930.47 $ 180,542.39 $ 159,821.23
Compensating Interest -- 1,310.39 --
Trustee Fee (Tx. Com. Bk.) 199.46 234.12 219.88
Pool Insurance Premium (PMI Mtg. Ins.) -- -- --
Pool Insurance (GE Mort. Ins.) 4,595.73 -- --
Pool Insurance (United Guaranty Ins.) -- -- 9,828.61
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- --
Bond Manager Fee (Capstead) -- -- 6,068.59
Excess Compensating Interest (Capstead) 2,232.48 -- 2,209.00
Administrative Fee (Capstead) 797.87 585.29 1,050.72
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) 365.69 -- 762.98
Other -- -- --
---------------- ---------------- ----------------
Total Fees 8,191.23 819.41 20,139.78
---------------- ---------------- ----------------
Servicing Fee 4,986.72 6,520.50 8,245.54
Interest on Accelerated Prepayments -- -- --
---------------- ---------------- ----------------
Total Interest Distribution $ 113,108.42 $ 189,192.69 $ 188,206.55
================ ================ ================
LOAN COUNT 68 122 118
WEIGHTED AVERAGE PASS-THROUGH RATE 7.514806663 7.76766102 7.544584
</TABLE>
<PAGE> 1
EXHIBIT 28.2
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS DECEMBER 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 12/25/98 149,572,077.00 37,659,605.06
- --------------------------------------------------------------------------
A 125714AC9 34,791,000.00
D 125714AD7 8,535,000.00
E 125714AE5 7.25000 28,652,000.00 0.0010565702 0.0518147236
F 125714AG0 7.25000 10,692,000.00 0.0060416667 0
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 0.0005163042 0.0137014158
J 125714AK1 7.25000 2,901,000.00 0.0060416684 0
KPO 125714AM7 0.00000 772,949.00 0 0.0027159877
LIO 125714AN5 0.33365 0.00 0.0000730769 0
R 125714AL9 7.25000 128.00 0.006015625 0
1993-2B 12/25/98 189,529,970.00 29,156,433.30
- --------------------------------------------------------------------------
2B-A 125714AP0 189,529,000.00 0.0009915298 0.0034736055
1993-2C 12/25/98 207,040,201.00 92,854,598.83
- --------------------------------------------------------------------------
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 0.0059250471 0.0232701193
A-R 125714AZ8 1,000.00 0.00613 0
B-1 000007CQR 5,694,392.00 0.0056333881 0.006868786
B-2 000008CQR 3,623,203.00 0.0056333885 0.0068687871
B-3 000009CQR 2,588,003.00 0.0056333899 0.0068687865
B-4 000010CQR 1,345,761.00 0.0056333926 0.0068687902
B-5 000011CQR 621,120.00 0.0056333881 0.0068687854
B-6 000012CQR 1,138,722.00 0.0031428391 0.0038320679
<CAPTION>
SERIES
CLASS CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- ---------------------------------------------------------------------------
<S> <C> <C> <C>
1993-2A
- ------------------
A
D
E 3,526,082.92 9.36 0.1230658565
F 10,692,000.00 28.39 1
G 16,410,000.00 43.57 1
H 3,006,000.00 7.98 1
I 865,160.11 2.30 0.0717558356
J 2,901,000.00 7.70 1
KPO 259,234.03 0.69 0.3353830977
LIO 0.00 0.00 0
R 128.00 0.00 1
1993-2B
- ------------------
2B-A 29,156,433.30 100.00 0.1538362641
1993-2C
- ------------------
A-2
A-3
A-4
A-5 79,614,166.35 85.74 0.9437766439
A-R 1,000.00 0.00 1
B-1 5,196,561.87 5.60 0.9125753671
B-2 3,306,446.67 3.56 0.9125756051
B-3 2,361,748.42 2.54 0.9125756114
B-4 1,228,108.64 1.32 0.9125755911
B-5 566,818.96 0.61 0.9125756054
B-6 579,747.92 0.62 0.5091215591
</TABLE>
<PAGE> 2
EXHIBIT 28.2
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS DECEMBER 1998 DISTRIBUTION
<TABLE>
<CAPTION>
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLASS CUSIP NUMBER COUPON CLOSING BALANCE INTEREST PAID
PER CLASS PER $1000
- --------------------------------------------------------------------------------------------------
1993-2D 12/25/98 175,093,365.00 58,997,023.68
- -----------------------------------------------------------------------
<S> <C> <C> <C> <C>
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.0001496143
B 125714AT2 39,792,000.00 0.000299232
C 125714AU9 29,251,000.00 0.0056702858
D 125714AV7 17,072,000.00 0.0056702858
E 125714AW5 1,897,000.00 0.0056702847
F 125714AX3 10,300,365.00 0.0056702855
R 125714AY1 1,000.00 0.00567
1993-2E 12/25/98 317,870,015.00 142,628,078.60
- -----------------------------------------------------------------------
15A 125714BE4 0.00000 86,454,000.00 0.0023037981
15B 125714BF1 0.00000 9,494,478.45 0.0023037981
15CPO 125714BG9 0.00000 1,972,695.84 0
15DIO 125714BH7 0.00000 5,911.86 0.5785199594
30A 125714BT1 29,444,000.00
30B 125714BL8 9,738,000.00
30CIO 125714BM6 0.00000 0.00 0
30D 125714BU8 922,000.00
30E 125714BV6 29,092,000.00
30F 125714BW4 0.00000 11,747,000.00 0.0009768324
30G 125714BX2 0.00000 24,409,000.00 0.0058333332
30H 125714BY0 0.00000 21,450,000.00 0.0058333333
30I 125714BZ7 0.00000 13,542,000.00 0.0058333333
30J 125714CA1 40,256,000.00 0.0039455371
30K 125714CB9 17,252,571.43 0.0064453385
30NIO 125714BR5 0.00000 0.00 0.0000632811
30PPO 125714BS3 0.00000 1,089,658.82 0
<CAPTION>
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLASS PRINCIPAL PAID CURRENT BALANCE % OF CURRENT CURRENT
PER $1000 PER CLASS BALANCE FACTOR
- --------------------------------------------------------------------------------------------------------------------------
1993-2D
- -------
<S> <C> <C> <C> <C>
A
AB 0.0219128699 119,664.42 0.20 0.0044727674
B 0.0438255446 355,994.26 0.60 0.0089463777
C 0 29,251,000.00 49.58 1
D 0 17,072,000.00 28.94 1
E 0 1,897,000.00 3.22 1
F 0 10,300,365.00 17.46 1
R 0 1,000.00 0.00 1
1993-2E
- -------
15A 0.0184984443 33,809,190.12 23.70 0.3910656548
15B 0.0184984451 3,712,964.41 2.60 0.391065671
15CPO 0.0181999811 960,946.66 0.67 0.4871235406
15DIO 0.0274763194 1,479.26 0.00 0.2502131258
30A
30B
30CIO 0
30D
30E
30F 0.1674570146 0.00 0.00 0
30G 0.0887043042 22,243,816.64 15.60 0.9112956958
30H 0 21,450,000.00 15.04 1
30I 0 13,542,000.00 9.49 1
30J 0 32,403,578.22 22.72 0.8049378532
30K 0 13,887,247.79 9.74 0.8049378722
30NIO 0
30PPO 0.0385413602 616,855.48 0.43 0.5660995596
</TABLE>
<PAGE> 3
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS DECEMBER 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 12/25/98 222,866,291.00 39,550,645.54
- -----------------------------------------------------------------------
A 125714BJ3 222,866,000.00 0.0010952027 0.0064271263
1993-2G 12/25/98 246,780,547.00 139,023,500.83
- -----------------------------------------------------------------------
2G-A1 125714CR4 59,032,000.00 0.0008470609 0.0324421407
2G-A2 125714CS2 27,342,000.00 0.0017948863 0.0123605859
2G-A3 125714CT0 25,200,000.00
2G-A4 125714CU7 15,000,000.00 0.00290274 0.069908478
2G-A5 125714A#2 100,190,000.00 0.0059757166 0
2G-B1 125714A@4 4,936,000.00 0.0056157192 0.0077066673
2G-B2 125714B#1 3,701,000.00 0.0056157201 0.0077066685
2G-B3 125714B*5 1,481,000.00 0.0056157191 0.0077066712
2G-B4 125714B@3 740,000.00 0.0056157162 0.0077066622
2G-B5 125714C#0 1,481,547.00 0.0033262596 0.0045647286
2G-M 125714A*6 7,403,000.00 0.0056157193 0.0077066676
2GA3IO 125714CP8 0.00000 0.00 0 0
2GA4IO 125714CQ6 0.40000 0.00 0.000171484 0
1993-2H 12/25/98 315,871,665.00 48,139,714.65
- -----------------------------------------------------------------------
2H-A1 125714CG8 0.00000 180,386,000.00 0.000953284 0.0059354985
2H-A2 125714CH6 0.00000 125,000,000.00 0.0010332505 0.0064333997
2H-A3 125714CJ2 10,485,000.00
1993-2I 12/25/98 367,955,786.00 71,265,789.03
- -----------------------------------------------------------------------
2I-3IO 125714CL7 0.00000 0.00 0.0000639818 0
2I-A1 125714CE3 0.00000 237,519,000.00 0.0014134212 0.0052519487
2I-A2 125714CD5 0.00000 130,435,853.00 0.0008935347 0.0054305236
<CAPTION>
CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
---------------------------------------------------
<S> <C> <C> <C>
1993-2F
- -------
39,550,645.54 100.00 0.1774637923
1993-2G
- -------
6,452,692.20 4.64 0.1093083785
7,874,570.67 5.66 0.288002731
6,668,164.76 4.80 0.4445443173
100,190,000.00 72.07 1
4,600,598.32 3.31 0.9320499028
3,449,516.67 2.48 0.9320498973
1,380,365.89 0.99 0.932049892
689,716.93 0.50 0.9320499054
817,910.20 0.59 0.5520649699
6,899,965.19 4.96 0.9320498703
0.00 0.00 0
0.00 0.00 0
1993-2H
- -------
27,491,324.85 57.11 0.1524027632
20,648,389.80 42.89 0.1651871184
1993-2I
- -------
51,521,217.37 72.29 0.2169140884
19,744,571.66 27.71 0.1513738072
</TABLE>
<PAGE> 4
EXHIBIT 28.2
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS DECEMBER 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 12/25/98 176,490,904.00 43,826,219.91
- ---------------------------------------------------------------------------
A1 125714CV5 82,117,691.00 0.0017522918 0.0076409383
A2 125714CW3 94,373,113.00 0.0014233034 0.0019672501
R 125714CX1 100.00 0 0
1996-A 12/25/9 115,119,131.00 37,663,732.22
- ---------------------------------------------------------------------------
A 125714CY9 115,119,031.00 0.0020724128 0.0233705776
R 125714CZ6 100.00 0 0
1996-B 12/25/98 207,490,355.00 73,009,890.47
- ---------------------------------------------------------------------------
A1 125714DA0 41,914,009.00 0.0019477984 0.0396742251
A2 125714DB8 165,576,246.00 0.0023796081 0.0322569989
R 125714DC6 100.00 0 0
1996-C 12/28/98 266,806,262.00 65,451,837.40
- ---------------------------------------------------------------------------
A 125714DD4 0.00000 266,806,062.00 0.0012717935 0.0110188393
R N/A
X N/A 100.00
<CAPTION>
CLASS CURRENT BALANCE % OF CURRENT CURRENT
PER CLASS BALANCE FACTOR
- ---------------------------------------------------------------------------
<S> <C> <C> <C>
1995-A
- ----------------
A1 22,009,377.19 50.22 0.2680223582
A2 21,816,842.72 49.78 0.2311764657
R 0.00 0.00 0
1996-A
- ----------------
A 37,663,732.22 100.00 0.3271720748
R 0.00 0.00 0
1996-B
- ----------------
A1 11,590,002.45 15.87 0.2765185848
A2 61,419,888.02 84.13 0.3709462529
R 0.00 0.00 0
1996-C
- ----------------
A 65,451,737.40 100.00 0.2453157807
R 100.00
X
</TABLE>
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