<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: May 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
                                                    ---------------


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                          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>


<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 May 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                       $2,293,463.82
        Series 1993-2B                       $3,164,516.14
        Series 1993-2C                       $3,081,499.99
        Series 1993-2D                       $1,954,348.07
        Series 1993-2E                       $7,469,769.24
        Series 1993-2F                       $2,543,902.19
        Series 1993-2G                       $3,478,332.04
        Series 1993-2H                       $3,389,012.35
        Series 1993-2I                       $5,580,942.24
        Series 1995-A                        $4,307,636.76
        Series 1996-A                        $2,323,024.89
        Series 1996-B                        $4,741,478.02
        Series 1996-C                        $7,805,025.80
</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


June 15, 1998                          By: s/s Phillip A. Reinsch
                                       ----------------------
                                       Phillip A. Reinsch - Vice President

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                              INDEX TO EXHIBITS



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