CMC SECURITIES CORP II
8-K, 2000-05-24
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, 2000
                                         --------------
                        (Date of Earliest Event Reported)



                          CMC SECURITIES CORPORATION II
             ------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)


        DELAWARE                   33-56778                 75-2473215
(State of Incorporation)    (Commission File No.)       (I.R.S. Employer
                                                       Identification No.)


               8401 N Central Expressway
                       Suite 800
                     Dallas, Texas                            75225
      ----------------------------------------------------------------
      (Address of Principal Executive Offices)             (Zip Code)


Registrant's Telephone Number, Including Area Code: (214) 874-2323
                                                    --------------


<PAGE>   2


                          CMC SECURITIES CORPORATION II

                                    FORM 8-K



                                      INDEX


<TABLE>
<CAPTION>
                                                                                                           PAGE
                                                                                                           ----

<S>           <C>                                                                                         <C>
ITEM NUMBER

         Item 5.  Other Events.......................................................................        3

         Item 7.  Financial Statements and Exhibits..................................................        3

SIGNATURES        ...................................................................................        3
</TABLE>


                                       2
<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, 2000 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                                           $  184,497.94
           Series 1993-2B                                                    *
           Series 1993-2C                                           $1,322,799.74
           Series 1993-2D                                           $1,166,998.17
           Series 1993-2E                                            1,561,569.13
           Series 1993-2F                                                    **
           Series 1993-2G                                           $1,931,505.01
           Series 1993-2H                                                    *
           Series 1993-2I                                           $2,065,448.26
           Series 1995-A                                            $  742,976.52
           Series 1996-A                                            $  392,840.20
           Series 1996-B                                            $  884,771.45
           Series 1996-C                                            $1,614,064.88
</TABLE>

           * These certificates were redeemed in February 2000 pursuant to their
           respective redemption provisions.
          ** These certificates were redeemed in March 2000 pursuant to this
           securitization's redemption provisions.
                   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 22, 2000                      By: /s/ Phillip A. Reinsch
                                      ------------------------------------------
                                      Phillip A. Reinsch - Senior Vice President



                                       3
<PAGE>   4


                               INDEX TO EXHIBITS

<TABLE>
<CAPTION>
   EXHIBIT NO.           DESCRIPTION
   -----------           -----------

<S>                      <C>
     28.1                Collateral Summary and Remittance Report.
     28.2                Summary of Trustee's Reports to Bondholders.
</TABLE>



<PAGE>   1

                                                                    EXHIBIT 28.1


CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 25-APR-00
MASTER SERVICING DIVISION

<TABLE>
<CAPTION>
DEAL REFERENCE                                              93-2A              93-2B               93-2C               93-2D
                                                       ---------------     ---------------     ---------------     ---------------
<S>                                                    <C>                 <C>                 <C>                 <C>
BEGINNING SECURITY BALANCE                             $ 22,361,352.73     $          --       $ 64,871,372.78     $ 42,249,615.13
  Loans Repurchased                                               --                  --                  --                  --
  Scheduled Principal Distribution                           35,946.55                --            103,714.92          370,951.82
  Additional Principal Distribution                           8,854.10                --             24,695.99           62,921.64
  Liquidations Distribution                                       --                  --            798,214.01          494,690.03
  Accelerated Prepayments                                         --                  --                  --                  --
  Adjustments (Cash)                                              --                  --                  --                  --
  Adjustments (Non-Cash)                                          --                  --                  --                  --
  Losses/Foreclosures                                             --                  --                  --                  --
  Special Hazard Account                                          --                  --                  --                  --
                                                       ---------------     ---------------     ---------------     ---------------
             Ending Security Balance                   $ 22,316,552.08     $          --       $ 63,944,747.86     $ 41,321,051.64
                                                       ===============     ===============     ===============     ===============
INTEREST DISTRIBUTION:
Due Certificate Holders                                $    139,697.30     $          --       $    394,724.69     $    237,946.65
Compensating Interest                                             --                  --              1,450.13              488.03

  Trustee Fee (Tx. Com. Bk.)                                    251.57                --                810.89              528.12
  Pool Insurance Premium (PMI Mtg. Ins.)                          --                  --                  --                  --
  Pool Insurance (GE Mort. Ins.)                              5,411.45                --                  --              6,802.19
  Pool Insurance (United Guaranty Ins.)                           --                  --                  --                  --
  Backup for Pool Insurance (Fin. Sec. Assur.)                    --                  --                  --                  --
  Special Hazard Insurance (Comm. and Ind.)                   1,062.16                --                  --                  --
  Bond Manager Fee (Capstead)                                   354.05                --                810.89              616.14
  Excess Compensating Interest (Capstead)                         --                  --                  --                  --
  Administrative Fee (Capstead)                                 605.59                --              2,703.07            1,320.36
  Administrative Fee (Other)                                      --                  --                  --                  --
  Excess-Fees                                                     --                  --                  --                  --
  Special Hazard Insurance (Aetna Casualty)                       --                  --                  --                  --
  Other                                                           --                  --                  --                  --
                                                       ---------------     ---------------     ---------------     ---------------
                          Total Fees                          7,684.82                --              4,324.85            9,266.81
                                                       ---------------     ---------------     ---------------     ---------------
 Servicing Fee                                                6,856.43                --             16,875.36           11,696.80
 Interest on Accelerated Prepayments                              --                  --                  --                  --
                                                       ---------------     ---------------     ---------------     ---------------
         Total Interest Distribution                   $    154,238.55     $          --       $    417,375.03     $    259,398.29
                                                       ===============     ===============     ===============     ===============
LOAN COUNT                                                          86                   0                 251                 214
WEIGHTED AVERAGE PASS-THROUGH RATE                         7.496718201                   0         7.328498899         6.772170945
</TABLE>


                                     Page 1
<PAGE>   2

CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 25-APR-00
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                             $ 27,675,719.89     $ 73,246,631.04     $          --       $106,447,436.09
  Loans Repurchased                                               --                  --                  --                  --
  Scheduled Principal Distribution                          225,537.39          105,863.26                --            162,928.56
  Additional Principal Distribution                          17,091.18           19,436.06                --             66,786.91
  Liquidations Distribution                                 376,682.82          230,451.27                --            967,388.25
  Accelerated Prepayments                                         --                  --                  --                  --
  Adjustments (Cash)                                              --                  --                  --                  --
  Adjustments (Non-Cash)                                          --                  --                  --                  --
  Losses/Foreclosures                                             --                  --                  --                  --
  Special Hazard Account                                          --                  --                  --                  --
                                                       ---------------     ---------------     ---------------     ---------------
                     Ending Security Balance           $ 27,056,408.50     $ 72,890,880.45     $          --       $105,250,332.37
                                                       ===============     ===============     ===============     ===============
INTEREST DISTRIBUTION:
Due Certificate Holders                                $    152,095.40     $    433,179.91     $          --       $    633,044.55
Compensating Interest                                         1,231.82                --                  --              1,356.75

  Trustee Fee (Tx. Com. Bk.)                                    299.82              793.51                --              1,197.53
  Pool Insurance Premium (PMI Mtg. Ins.)                      6,088.66           16,114.26                --                  --
  Pool Insurance (GE Mort. Ins.)                                  --                  --                  --                  --
  Pool Insurance (United Guaranty Ins.)                           --                  --                  --                  --
  Backup for Pool Insurance (Fin. Sec. Assur.)                    --                  --                  --                  --
  Special Hazard Insurance (Comm. and Ind.)                       --                  --                  --                  --
  Bond Manager Fee (Capstead)                                   345.95              915.58                --              1,330.59
  Excess Compensating Interest (Capstead)                         --                  --                  --                  --
  Administrative Fee (Capstead)                                 980.17            2,594.29                --              4,435.45
  Administrative Fee (Other)                                      --                  --                  --                  --
  Excess-Fees                                                     --                  --                  --                  --
  Special Hazard Insurance (Aetna Casualty)                       --                  --                  --                  --
  Other                                                           --                  --                  --                  --
                                                       ---------------     ---------------     ---------------     ---------------
                                  Total Fees                  7,714.60           20,417.64                --              6,963.57
                                                       ---------------     ---------------     ---------------     ---------------
 Servicing Fee                                                7,691.71           19,019.66                --             26,378.03
 Interest on Accelerated Prepayments                              --                  --                  --                  --
                                                       ---------------     ---------------     ---------------     ---------------
                 Total Interest Distribution           $    168,733.53     $    472,617.21     $          --       $    667,742.90
                                                       ===============     ===============     ===============     ===============
LOAN COUNT                                                         136                 256                   0                 398
WEIGHTED AVERAGE PASS-THROUGH RATE                         6.648161809         7.096789089                   0         7.151713446
</TABLE>



                                     Page 2
<PAGE>   3

CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 25-APR-00
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                             $          --       $          --       $ 13,479,535.84     $ 11,191,517.70
  Loans Repurchased                                               --                  --                  --                  --
  Scheduled Principal Distribution                                --                  --             15,932.37           12,999.44
  Additional Principal Distribution                               --                  --                603.26            3,829.56
  Liquidations Distribution                                       --                  --            602,581.57          742,072.45
  Accelerated Prepayments                                         --                  --                  --                  --
  Adjustments (Cash)                                              --                  --                944.43                --
  Adjustments (Non-Cash)                                          --                  --                  --                  --
  Losses/Foreclosures                                             --                  --            125,337.85                --
  Special Hazard Account                                          --                  --                  --                  --
                                                       ---------------     ---------------     ---------------     ---------------
                     Ending Security Balance           $          --       $          --       $ 12,734,136.36     $ 10,432,616.25
                                                       ===============     ===============     ===============     ===============
INTEREST DISTRIBUTION:
Due Certificate Holders                                $          --       $          --       $     87,963.48     $     71,472.42
Compensating Interest                                             --                  --                  --                  --

  Trustee Fee (Tx. Com. Bk.)                                      --                  --                168.55              139.89
  Pool Insurance Premium (PMI Mtg. Ins.)                          --                  --                  --                  --
  Pool Insurance (GE Mort. Ins.)                                  --                  --              2,877.86            3,290.31
  Pool Insurance (United Guaranty Ins.)                           --                  --                  --                  --
  Backup for Pool Insurance (Fin. Sec. Assur.)                    --                  --                954.80                --
  Special Hazard Insurance (Comm. and Ind.)                       --                  --                  --                  --
  Bond Manager Fee (Capstead)                                     --                  --                701.88                --
  Excess Compensating Interest (Capstead)                         --                  --              2,095.98            2,721.79
  Administrative Fee (Capstead)                                   --                  --                 36.69              466.30
  Administrative Fee (Other)                                      --                  --                  --                  --
  Excess-Fees                                                     --                  --                  --                  --
  Special Hazard Insurance (Aetna Casualty)                       --                  --                403.30              290.06
  Other                                                           --                  --                  --                  --
                                                       ---------------     ---------------     ---------------     ---------------
                                  Total Fees                      --                  --              7,239.06            6,908.35
                                                       ---------------     ---------------     ---------------     ---------------
 Servicing Fee                                                    --                  --              4,212.42            3,497.34
 Interest on Accelerated Prepayments                              --                  --                  --                  --
                                                       ---------------     ---------------     ---------------     ---------------
                 Total Interest Distribution           $          --       $          --       $     99,414.96     $     81,878.11
                                                       ===============     ===============     ===============     ===============
LOAN COUNT                                                           0                   0                  56                  46
WEIGHTED AVERAGE PASS-THROUGH RATE                                   0                   0            8.079923         7.663563272
</TABLE>



                                     Page 3
<PAGE>   4

CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 25-APR-00
MASTER SERVICING DIVISION

<TABLE>
<CAPTION>
DEAL REFERENCE                                             93-2I.2             1995-A              1996-A              1996-B
                                                       ---------------     ---------------     ---------------     ---------------
<S>                                                    <C>                 <C>                 <C>                 <C>
BEGINNING SECURITY BALANCE                             $ 17,441,685.83     $ 29,553,104.56     $ 22,840,369.45     $ 44,376,067.89
  Loans Repurchased                                               --                  --                  --                  --
  Scheduled Principal Distribution                           19,708.92           33,449.26           29,913.34           55,252.38
  Additional Principal Distribution                           5,556.77            2,476.98            3,663.41           29,438.11
  Liquidations Distribution                                 260,310.88          520,344.13          220,749.50          530,203.24
  Accelerated Prepayments                                         --                  --                  --                  --
  Adjustments (Cash)                                              --                  --                  --                  --
  Adjustments (Non-Cash)                                          --                  --                  --                  --
  Losses/Foreclosures                                             --                  --                  --                  --
  Special Hazard Account                                          --                  --                  --                  --
                                                       ---------------     ---------------     ---------------     ---------------
                     Ending Security Balance           $ 17,156,109.26     $ 28,996,834.19     $ 22,586,043.20     $ 43,761,174.16
                                                       ===============     ===============     ===============     ===============
INTEREST DISTRIBUTION:
Due Certificate Holders                                $    116,134.86     $    186,706.16     $    138,513.96     $    269,877.71
Compensating Interest                                             --                  --                  --                  --

  Trustee Fee (Tx. Com. Bk.)                                    218.02              246.28              285.50              554.70
  Pool Insurance Premium (PMI Mtg. Ins.)                      5,033.38                --                  --             11,992.63
  Pool Insurance (GE Mort. Ins.)                                  --             11,082.41            6,578.02                --
  Pool Insurance (United Guaranty Ins.)                           --                  --                  --                  --
  Backup for Pool Insurance (Fin. Sec. Assur.)                  880.73                --                  --              1,138.00
  Special Hazard Insurance (Comm. and Ind.)                       --                  --                  --                  --
  Bond Manager Fee (Capstead)                                     --                  --                  --                  --
  Excess Compensating Interest (Capstead)                         --                179.33              757.95              477.51
  Administrative Fee (Capstead)                                 726.72              755.70              951.69            1,849.10
  Administrative Fee (Other)                                      --                  --                  --                  --
  Excess-Fees                                                     --                  --                  --                  --
  Special Hazard Insurance (Aetna Casualty)                     521.80              677.26              523.42            1,283.21
  Other                                                           --                  --                  --                  --
                                                       ---------------     ---------------     ---------------     ---------------
                                  Total Fees                  7,380.65           12,940.98            9,096.58           17,295.15
                                                       ---------------     ---------------     ---------------     ---------------
 Servicing Fee                                                5,450.57            9,235.38            6,312.13           13,197.09
 Interest on Accelerated Prepayments                              --                  --                  --                  --
                                                       ---------------     ---------------     ---------------     ---------------
                 Total Interest Distribution           $    128,966.08     $    208,882.52     $    153,922.67     $    300,369.95
                                                       ===============     ===============     ===============     ===============
LOAN COUNT                                                          73                 142                  86                 161
WEIGHTED AVERAGE PASS-THROUGH RATE                         7.990158369         7.581179552         7.277323266         7.297925828
</TABLE>



                                     Page 4
<PAGE>   5

CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 25-APR-00
MASTER SERVICING DIVISION

<TABLE>
<CAPTION>
DEAL REFERENCE                                             1996-C.1            1996-C.2            1996-C.3
                                                       ---------------     ---------------     ---------------
<S>                                                    <C>                 <C>                 <C>
BEGINNING SECURITY BALANCE                             $  7,014,686.24     $ 15,964,504.12     $ 15,077,450.59
  Loans Repurchased                                               --                  --                  --
  Scheduled Principal Distribution                            7,252.10           18,066.11           15,299.50
  Additional Principal Distribution                             477.72           33,942.57            1,581.03
  Liquidations Distribution                                       --          1,064,433.23          227,500.43
  Accelerated Prepayments                                         --                  --                  --
  Adjustments (Cash)                                              --                  --                  --
  Adjustments (Non-Cash)                                          --                  --                  --
  Losses/Foreclosures                                             --                  --                  --
  Special Hazard Account                                          --                  --                  --
                                                       ---------------     ---------------     ---------------
                     Ending Security Balance           $  7,006,956.42     $ 14,848,062.21     $ 14,833,069.63
                                                       ===============     ===============     ===============
INTEREST DISTRIBUTION:
Due Certificate Holders                                $     46,668.73     $    101,468.83     $     96,330.39
Compensating Interest                                             --              1,044.24                --

  Trustee Fee (Tx. Com. Bk.)                                     87.69              133.04              125.65
  Pool Insurance Premium (PMI Mtg. Ins.)                          --                  --                  --
  Pool Insurance (GE Mort. Ins.)                              2,020.22                --                  --
  Pool Insurance (United Guaranty Ins.)                           --                  --              5,616.35
  Backup for Pool Insurance (Fin. Sec. Assur.)                    --                  --                  --
  Special Hazard Insurance (Comm. and Ind.)                       --                  --                  --
  Bond Manager Fee (Capstead)                                     --                  --              3,202.38
  Excess Compensating Interest (Capstead)                         --              1,086.16              369.17
  Administrative Fee (Capstead)                                 350.71              332.62              616.62
  Administrative Fee (Other)                                      --                  --                  --
  Excess-Fees                                                     --                  --                  --
  Special Hazard Insurance (Aetna Casualty)                     160.76                --                435.99
  Other                                                           --                  --                 (0.01)
                                                       ---------------     ---------------     ---------------
                                  Total Fees                  2,619.38            1,551.82           10,366.15
                                                       ---------------     ---------------     ---------------
 Servicing Fee                                                2,192.11            3,689.24            4,711.72
 Interest on Accelerated Prepayments                              --                  --                  --
                                                       ---------------     ---------------     ---------------
                 Total Interest Distribution           $     51,480.22     $    107,754.13     $    111,408.26
                                                       ===============     ===============     ===============
LOAN COUNT                                                          33                  76                  68
WEIGHTED AVERAGE PASS-THROUGH RATE                          7.98360384          7.70557501            7.921718
</TABLE>


                                     Page 5

<PAGE>   1

                                                                    EXHIBIT 28.2

CMC SECURITIES CORPORATION II     SOURCE:  CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS           APRIL 2000 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>                   <C>


1993-2A            4/25/00        149,572,077.00          22,316,550.86
- -----------------------------------------------------------------------

        A            125714AC9                        34,791,000.00
        D            125714AD7                         8,535,000.00
        E            125714AE5                        28,652,000.00
        F            125714AG0                        10,692,000.00            0.0002997755           0.0037428414
        G            125714AH8                        16,410,000.00            0.0060416667                      0
        H            125714AJ4                         3,006,000.00            0.0060416667                      0
        I            125714AF2                        12,057,000.00                       0                      0
        J            125714AK1                         2,901,000.00            0.0046572561            0.001544395
        KPO          125714AM7                           772,949.00                       0           0.0003905691
        LIO          125714AN5                                 0.00            0.0000379458                      0
        R            125714AL9                               128.00             0.006015625                      0


1993-2B            4/25/00        189,529,970.00
- ------------------------------------------------

        2B-A         125714AP0                        189,529,000.0

1993-2C            4/25/00        207,040,201.00          63,944,747.39
- -----------------------------------------------------------------------

        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            0.0038682555           0.0100797669
        A-R          125714AZ8                             1,000.00                 0.00611                      0
        B-1          000007CQR                         5,694,392.00            0.0049070296           0.0055019728
        B-2          000008CQR                         3,623,203.00            0.0049070312           0.0055019744
        B-3          000009CQR                         2,588,003.00            0.0049070306           0.0055019758
        B-4          000010CQR                         1,345,761.00            0.0049070303           0.0055019725
        B-5          000011CQR                           621,120.00            0.0049070228           0.0055019803
        B-6          000012CQR                         1,138,722.00            0.0015645698                      0

<CAPTION>
 SERIES     PAYMENT DATE      CLOSING BALANCE        CURRENT BALANCE

      CLASS         CUSIP NUMBER       COUPON        CLOSING BALANCE       CURRENT BALANCE      % OF CURRENT        CURRENT
                                                        PER CLASS             PER CLASS            BALANCE          FACTOR
- ------------------------------------------------------------------------------------------------------------------------------
<S>   <C>          <C>            <C>                <C>                   <C>                   <C>           <C>


1993-2A            4/25/00        149,572,077.00          22,316,550.86
- -----------------------------------------------------------------------

        A            125714AC9                        34,791,000.00
        D            125714AD7                         8,535,000.00
        E            125714AE5                        28,652,000.00
        F            125714AG0                        10,692,000.00             490,497.72            2.20        0.0458752076
        G            125714AH8                        16,410,000.00          16,410,000.00           73.53                   1
        H            125714AJ4                         3,006,000.00           3,006,000.00           13.47                   1
        I            125714AF2                        12,057,000.00                   0.00            0.00                   0
        J            125714AK1                         2,901,000.00           2,231,773.53           10.00        0.7693117994
        KPO          125714AM7                           772,949.00             178,151.61            0.80        0.2304830073
        LIO          125714AN5                                 0.00                   0.00            0.00                   0
        R            125714AL9                               128.00                 128.00            0.00                   1


1993-2B            4/25/00        189,529,970.00
- ------------------------------------------------

        2B-A         125714AP0                        189,529,000.0

1993-2C            4/25/00        207,040,201.00          63,944,747.39
- -----------------------------------------------------------------------

        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          52,581,832.82           82.23        0.6233250687
        A-R          125714AZ8                             1,000.00               1,000.00            0.00                   1
        B-1          000007CQR                         5,694,392.00           4,544,102.65            7.11        0.7979961074
        B-2          000008CQR                         3,623,203.00           2,891,302.64            4.52        0.7979963143
        B-3          000009CQR                         2,588,003.00           2,065,216.84            3.23        0.7979963084
        B-4          000010CQR                         1,345,761.00           1,073,912.34            1.68        0.7979963307
        B-5          000011CQR                           621,120.00             495,651.48            0.78        0.7979963292
        B-6          000012CQR                         1,138,722.00             291,728.62            0.46        0.2561895002
</TABLE>


<PAGE>   2


CMC SECURITIES CORPORATION II                SOURCE:  CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS                      APRIL 2000 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>                    <C>


1993-2D            4/25/00        175,093,365.00          41,321,052.29
- -----------------------------------------------------------------------

        A            125714AR6                        50,026,000.00
        AB           125714AS4                        26,754,000.00
        B            125714AT2                        39,792,000.00
        C            125714AU9                        29,251,000.00            0.0025041226           0.0317446751
        D            125714AV7                        17,072,000.00            0.0056434759                      0
        E            125714AW5                         1,897,000.00            0.0056434739                      0
        F            125714AX3                        10,300,365.00            0.0056434757                      0
        R            125714AY1                             1,000.00                 0.00564                      0


1993-2E            4/25/00        317,870,015.00          99,947,287.77
- -----------------------------------------------------------------------

        15A          125714BE4                        86,454,000.00            0.0015779268           0.0063250501
        15B          125714BF1                         9,494,478.45            0.0015779267           0.0063250502
        15CPO        125714BG9                         1,972,695.84                       0           0.0062867771
        15DIO        125714BH7                             5,911.86            0.3242980379           0.0051691475
        30A          125714BT1                        29,444,000.00
        30B          125714BL8                         9,738,000.00
        30CIO        125714BM6                                 0.00                       0                      0
        30D          125714BU8                           922,000.00
        30E          125714BV6                        29,092,000.00
        30F          125714BW4                        11,747,000.00
        30G          125714BX2                        24,409,000.00            0.0011060654           0.0145374489
        30H          125714BY0                        21,450,000.00            0.0058333315                      0
        30I          125714BZ7                        13,542,000.00            0.0058333319                      0
        30J          125714CA1                        40,256,000.00            0.0028334924                      0
        30K          125714CB9                        17,252,571.43            0.0045925219                      0
        30NIO        125714BR5                                 0.00            0.0000398474                      0
        30PPO        125714BS3                         1,089,658.82                       0           0.0008314528

<CAPTION>
 SERIES     PAYMENT DATE      CLOSING BALANCE        CURRENT BALANCE

      CLASS         CUSIP NUMBER       COUPON        CLOSING BALANCE         CURRENT BALANCE      % OF CURRENT        CURRENT
                                                        PER CLASS               PER CLASS            BALANCE          FACTOR
- --------------------------------------------------------------------------------------------------------------------------------
<S>   <C>          <C>            <C>                <C>                     <C>                  <C>             <C>


1993-2D            4/25/00        175,093,365.00          41,321,052.29
- -----------------------------------------------------------------------

        A            125714AR6                        50,026,000.00
        AB           125714AS4                        26,754,000.00
        B            125714AT2                        39,792,000.00
        C            125714AU9                        29,251,000.00            12,050,687.29           29.16        0.4119752244
        D            125714AV7                        17,072,000.00            17,072,000.00           41.32                   1
        E            125714AW5                         1,897,000.00             1,897,000.00            4.59                   1
        F            125714AX3                        10,300,365.00            10,300,365.00           24.93                   1
        R            125714AY1                             1,000.00                 1,000.00            0.00                   1


1993-2E            4/25/00        317,870,015.00          99,947,287.77
- -----------------------------------------------------------------------

        15A          125714BE4                        86,454,000.00            23,705,276.39           23.72        0.2741952529
        15B          125714BF1                         9,494,478.45             2,603,340.92            2.60        0.2741952659
        15CPO        125714BG9                         1,972,695.84               746,901.53            0.75        0.3786196809
        15DIO        125714BH7                             5,911.86                   889.72            0.00        0.1504939107
        30A          125714BT1                        29,444,000.00
        30B          125714BL8                         9,738,000.00
        30CIO        125714BM6                                 0.00                     0.00            0.00                   0
        30D          125714BU8                           922,000.00
        30E          125714BV6                        29,092,000.00
        30F          125714BW4                        11,747,000.00
        30G          125714BX2                        24,409,000.00             4,273,377.19            4.28         0.175073833
        30H          125714BY0                        21,450,000.00            21,450,000.00           21.46                   1
        30I          125714BZ7                        13,542,000.00            13,542,000.00           13.55                   1
        30J          125714CA1                        40,256,000.00            23,195,750.48           23.21        0.5762060433
        30K          125714CB9                        17,252,571.43             9,941,035.90            9.95        0.5762060565
        30NIO        125714BR5                                 0.00                     0.00            0.00                   0
        30PPO        125714BS3                         1,089,658.82               488,715.64            0.49        0.4485032841
</TABLE>


<PAGE>   3


CMC SECURITIES CORPORATION II                SOURCE:  CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS                      APRIL 2000 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>                    <C>


1993-2F            4/25/00        222,866,291.00
- ------------------------------------------------
        A            125714BJ3                        222,866,000.0


1993-2G            4/25/00        246,780,547.00         105,250,332.37
- -----------------------------------------------------------------------

        2G-A1        125714CR4                        59,032,000.00
        2G-A2        125714CS2                        27,342,000.00                       0                      0
        2G-A3        125714CT0                        25,200,000.00
        2G-A4        125714CU7                        15,000,000.00                       0                      0
        2G-A5        125714A#2                        100,190,000.0            0.0053831007             0.01108591
        2G-B1        125714A@4                         4,936,000.00            0.0050395725           0.0045803971
        2G-B2        125714B#1                         3,701,000.00            0.0050395704           0.0045803972
        2G-B3        125714B*5                         1,481,000.00            0.0050395746           0.0045803984
        2G-B4        125714B@3                           740,000.00            0.0050395676           0.0045803919
        2G-B5        125714C#0                         1,481,547.00            0.0020524627           0.0018654555
        2G-M         125714A*6                         7,403,000.00            0.0050395718           0.0045803971
        2GA3IO       125714CP8                                 0.00                       0                      0
        2GA4IO       125714CQ6                                 0.00                       0                      0


1993-2H            4/25/00        315,871,665.00
- ------------------------------------------------
        2H-A1        125714CG8                        180,386,000.0
        2H-A2        125714CH6                        125,000,000.0
        2H-A3        125714CJ2                        10,485,000.00


1993-2I            4/25/00        367,955,786.00          40,322,861.94
- -----------------------------------------------------------------------

        2I-3IO       125714CL7                                 0.00            0.0000346992                      0
        2I-A1        125714CE3                        237,519,000.0            0.0008689024           0.0043406045
        2I-A2        125714CD5                        130,435,853.0            0.0004957526           0.0058181967

<CAPTION>
 SERIES     PAYMENT DATE      CLOSING BALANCE        CURRENT BALANCE

      CLASS         CUSIP NUMBER       COUPON        CLOSING BALANCE       CURRENT BALANCE      % OF CURRENT        CURRENT
                                                        PER CLASS             PER CLASS            BALANCE          FACTOR
- ------------------------------------------------------------------------------------------------------------------------------
<S>   <C>          <C>            <C>                <C>                    <C>                     <C>          <C>


1993-2F            4/25/00        222,866,291.00
- ------------------------------------------------
        A            125714BJ3                        222,866,000.0


1993-2G            4/25/00        246,780,547.00         105,250,332.37
- -----------------------------------------------------------------------

        2G-A1        125714CR4                        59,032,000.00
        2G-A2        125714CS2                        27,342,000.00                   0.00            0.00                   0
        2G-A3        125714CT0                        25,200,000.00
        2G-A4        125714CU7                        15,000,000.00                   0.00            0.00                   0
        2G-A5        125714A#2                        100,190,000.0          89,385,019.40           84.93        0.8921550993
        2G-B1        125714A@4                         4,936,000.00           4,151,270.78            3.94        0.8410192018
        2G-B2        125714B#1                         3,701,000.00           3,112,612.07            2.96        0.8410192029
        2G-B3        125714B*5                         1,481,000.00           1,245,549.42            1.18        0.8410191897
        2G-B4        125714B@3                           740,000.00             622,354.19            0.59        0.8410191757
        2G-B5        125714C#0                         1,481,547.00             507,461.57            0.48        0.3425214117
        2G-M         125714A*6                         7,403,000.00           6,226,064.94            5.92        0.8410191733
        2GA3IO       125714CP8                                 0.00                   0.00            0.00                   0
        2GA4IO       125714CQ6                                 0.00                   0.00            0.00                   0


1993-2H            4/25/00        315,871,665.00
- ------------------------------------------------
        2H-A1        125714CG8                        180,386,000.0
        2H-A2        125714CH6                        125,000,000.0
        2H-A3        125714CJ2                        10,485,000.00


1993-2I            4/25/00        367,955,786.00          40,322,861.94
- -----------------------------------------------------------------------

        2I-3IO       125714CL7                                 0.00                   0.00            0.00                   0
        2I-A1        125714CE3                        237,519,000.0          29,890,245.46           74.13        0.1258435976
        2I-A2        125714CD5                        130,435,853.0          10,432,616.48           25.87        0.0799827366
</TABLE>

<PAGE>   4


CMC SECURITIES CORPORATION II                SOURCE:  CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS                      APRIL 2000 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>                    <C>


1995-A             4/25/00        176,490,904.00          28,996,832.84
- -----------------------------------------------------------------------

        A1           125714CV5                        82,117,691.00            0.0012219737           0.0007735857
        A2           125714CW3                        94,373,113.00            0.0009150962           0.0052212468
        R            125714CX1                               100.00                       0                      0


1996-A             4/25/00        115,119,131.00          22,586,042.33
- -----------------------------------------------------------------------

        A            125714CY9                        115,119,031.0            0.0012032236           0.0022092459
        R            125714CZ6                               100.00                  0.0001                      0


1996-B             4/25/00        207,490,355.00          43,761,172.79
- -----------------------------------------------------------------------

        A1           125714DA0                        41,914,009.00            0.0009588813           0.0128067833
        A2           125714DB8                        165,576,246.0            0.0013871987           0.0004717471
        R            125714DC6                               100.00                       0                      0


1996-C             4/25/00        266,806,262.00          36,006,490.79
- -----------------------------------------------------------------------

        A            125714DD4                        266,806,062.0            0.0007306681           0.0051293913
        R            N/A                                     100.00
        X            N/A                                     100.00

<CAPTION>
 SERIES     PAYMENT DATE      CLOSING BALANCE        CURRENT BALANCE

      CLASS         CUSIP NUMBER       COUPON        CLOSING BALANCE        CURRENT BALANCE      % OF CURRENT        CURRENT
                                                        PER CLASS              PER CLASS            BALANCE          FACTOR
- -------------------------------------------------------------------------------------------------------------------------------
<S>   <C>          <C>            <C>                <C>                     <C>                     <C>          <C>


1995-A             4/25/00        176,490,904.00          28,996,832.84
- -----------------------------------------------------------------------

        A1           125714CV5                        82,117,691.00           14,969,766.56           51.63        0.1822964866
        A2           125714CW3                        94,373,113.00           14,027,066.28           48.37        0.1486341378
        R            125714CX1                               100.00                    0.00            0.00                   0


1996-A             4/25/00        115,119,131.00          22,586,042.33
- -----------------------------------------------------------------------

        A            125714CY9                        115,119,031.0           22,586,042.33          100.00        0.1961972937
        R            125714CZ6                               100.00                    0.00            0.00                   0


1996-B             4/25/00        207,490,355.00          43,761,172.79
- -----------------------------------------------------------------------

        A1           125714DA0                        41,914,009.00            5,519,345.83           12.61        0.1316826035
        A2           125714DB8                        165,576,246.0           38,241,826.96           87.39        0.2309620364
        R            125714DC6                               100.00                    0.00            0.00                   0


1996-C             4/25/00        266,806,262.00          36,006,490.79
- -----------------------------------------------------------------------

        A            125714DD4                        266,806,062.0           36,006,390.79          100.00        0.1349534209
        R            N/A                                     100.00                  100.00            0.00                   1
        X            N/A                                     100.00
</TABLE>



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