-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Cw/+Ha7T65Y7uKJGg6Rp07v+KxL3ESWf7t8cO7QA/wZAjsuSI6QvLlT/6LFrpsQK mV5y4DuEd5Ge4d66GuFNNQ== 0000950123-97-003376.txt : 19970423 0000950123-97-003376.hdr.sgml : 19970423 ACCESSION NUMBER: 0000950123-97-003376 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970415 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970421 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: MLCC MORT INV INC MORT LOAN ASST BK PASS THRU CERT SE 1997-A CENTRAL INDEX KEY: 0001036298 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 593247986 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-14253-01 FILM NUMBER: 97583942 BUSINESS ADDRESS: STREET 1: 4802 DEER LAKE DRIVE EAST CITY: JACKSONVILLE STATE: FL ZIP: 32246-6484 BUSINESS PHONE: 9049286000 MAIL ADDRESS: STREET 1: 4802 DEER LAKE DRIVE EAST STREET 2: C/O MERRILL LYNCH CREDIT CORP CITY: JACKSONVILLE STATE: FL ZIP: 32246-6484 8-K 1 FORM 8-K 1 This document contains 6 pages. The Exhibit Index is located on page 4. 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 (Date of earliest Event Reported) April 15, 1997 Mortgage Loan Asset Backed Pass-Through Certificates Trust 1997-A (Name of Trust issuing Mortgage Loan Asset Backed Pass-Through Certificates, Series 1997-A, Class A) MLCC Mortgage Investors, Inc. (Exact name of registrant as specified in its charter) Delaware 333-14253 59-3247986 (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.) MLCC Mortgage Investors, Inc. 4802 Deer Lake Drive East Jacksonville, Florida 32246-6484 Attention: General Counsel (Address of Principal Executive Offices and Zip Code) Registrant's telephone number, including area code (904) 928-6000 2 Item 7. Financial Statements and Exhibits. (c) Exhibits. The following is filed herewith. The exhibit number corresponds with Item 601(b) of Regulation S-K. Exhibit No. Description ----------- ----------- 19.1 Statement to Certificateholders for Mortgage Loan Asset Backed Pass-Through Certificates, Series 1997-A, for April 15, 1997 distribution pursuant to Section 6.02 of the Pooling and Servicing Agreement among Merrill Lynch Credit Corporation, as Master Servicer, MLCC Mortgage Investors, Inc., as Company, and Bankers Trust Company of California, N.A., as Trustee, dated as of March 1, 1997. 2 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, Merrill Lynch Credit Corporation, as Master Servicer and on behalf of the registrant, has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MERRILL LYNCH CREDIT CORPORATION, as Master Servicer and on behalf of MLCC MORTGAGE INVESTORS, INC. By: /s/ Steven T. Hardy --------------------------------- Name: Steven T. Hardy Title: Vice President and Controller Dated: 4-18-97 ----------------- 3 4 Exhibit Index Exhibit No. Page - ----------- ---- 19.1 Statement to Certificateholders for Mortgage Loan Asset Backed Pass-Through Certificates, Series 1997-A 5 4 EX-19.1 2 STATEMENT TO CERTIFICATEHOLDERS 1 SERVICING CERTIFICATE PAGE 5 - -------------------------------------------------------------------------------- MLCC Mortgage Investors, Inc. Senior/Subordinate Mortgage Pass-Through Certificates, Series 1997A Current Collection Period: 01-Mar-97 to 31-Mar-97 P & S Agreement Date: 01-Mar-97
PASS-THROUGH RATES CURRENT DISTRIBUTION: Current --------- Class A Certificates, Series 1997A LIBOR + 0.25% 6.00000% Original Closing Date: 3/26/97 15-Mar-97 Class B Certificates, Series 1997A LIBOR + 1.25% 7.00000% Distribution Date: 15-Apr-97 Days in Accrual Period 31 15-Mar-97 14-Apr-97
Weighted Avg Mtg Rate (WAC) 7.47500% LIBOR 5.75000% Weighted Avg Net Mtg Rate (Alt. Rate) 7.09050%
---------------------------------------------------------------------------------------------------------------------- 1 Beginning Pool Principal Balance 328,839,473.00 2 Beginning Pool Balance Factor 100.000000% ---------------------------------------------------------------------------------------------------------------------- 3 Beginning Class A Principal Balance 324,728,000.00 4 Beginning Class B Principal Balance 4,111,473.00 ---------------------------------------------------------------------------------------------------------------------- 5 Aggregate of all Monthly Principal Payments (P&S 5.08i) 0.00 6 Aggregate of all Principal Prepayments Received (P&S 5.08i) 2,031,570.54 7 Aggregate of any Net Liquidation Proceeds Received (P&S 5.08iii) 0.00 8 Aggregate of any Insurance Proceeds Received (P&S 5.08iv) 0.00 9 Aggregate of any Awards or Settlements From Condemnation Proceedings (P&S 5.08v) 0.00 10 Aggregate of any Proceeds From Repurchased Mortgage Loans (P&S 5.08vi) 0.00 11 Aggregate of any Revenues From Fidelity Bond or Mortgage Interest Insurance Policy (P&S 5.08vii) 0.00 12 Aggregate of any Revenues From Foreclosure or Deed Net of any Advances (P&S 5.08viii) 0.00 13 Current Principal Advances 0.00 14 Current Servicer Principal Reimbursements 0.00 15 Total Principal Available For Distribution (5+6+7+8+9+10+11+12+13-14) 2,031,570.54 16 Unrecovered Principal Amounts (Liquidation Loss) 0.00 17 Aggregate of all Interest Payments Received (P&S 5.08ii) 790,945.48 17a Pre-funding Account Interest Earned (P&S 5.14b) 238,672.35 17b Accrued Interest at Cl A pass-through rate x Pre-funded Amount for 11 days (1st dist only) (P&S 6.01a) 146,666.67 18 Current Servicing Fee (P&S 5.08ii) 3,475.08 19 Monthly Interest Advance (Recovery) based on Delinquent Accounts (P&S 6.02vii) 759,117.07 19 i. Current Servicer Interest Advance (Recovery) 759,117.07 20 Scheduled Formula Principal Distribution Amount (5+13-14) 0.00 21 Unscheduled Formula Principal Distribution Amount (6+7+8+9+10+11+12) 2,031,570.54 22 Total Interest Available For Distribution 1,931,926.49 (17+17a+17b-18+19i) 23 Total Funds Available For Distribution (15+22) 3,963,497.03 ---------------------------------------------------------------------------------------------------------------- 24 Formula Principal Distribution Amount (Lines 20 + 21) 2,031,570.54 ---------------------------------------------------------------------------------------------------------------- WATERFALL 25 i. Class A Percentage (Beg. Class A prin bal/Beg. pool (P&S 6.02i) 98.75% prin bal.) ii. Class A Percentage x Scheduled Formula Principal Distribution Amount (Line 20) 0.00 iii. Class A Prepayment Percentage 100.00% iv. Class A Prepayment Percentage x Unscheduled Formula Principal Distribution Amount 2,031,570.54 v. Class A Total Distribution Allocable to Principal 2 2,031,570.54 vi. Class A Recovered Principal Amount 0.00 vii Class A Unrecovered Principal Amount 7 0.00 26 i. Class A Total Distribution Allocable to Interest (min of: 26ii. or 23) 1 (P&S 6.02ii) 1,677,761.33 ii. Class A Interest Formula Distribution Amount (26iii. + 26iv.) (P&S 6.02ii) 1,677,761.33 iii. Class A Current Interest (pass-through rate x A's upb) (P&S 6.02ii) 1,677,761.33 iv. Class A Unpaid Interest Shortfall (Class A's interest s/f from preceding distribution date) (P&S 6.02iii) 0.00 v. Class A Unpaid Interest Shortfall (Class A's interest s/f from preceding distribution date) (P&S 6.02iii) 0.00 vi. Class A Unpaid Interest Shortfall included in 26i. (when 26iii. less than 0: min of 26i. and 26iv.) (P&S 6.02iii) 0.00 viii. Class A Interest Shortfall (26ii. - 26i.) (P&S 6.02iii) 0.00 ---------------------------------------------------------------------------------------------------------------------- 27 i Current Certificate Insurance Premium 3 24,365.53 ii. Reimbursement Amount 4 (P&S 6.02vi) 0.00 iii. Redirection of Certificate Insurance 10,000.00 iv. Total Amount to Certificate Insurer 14,365.53 ---------------------------------------------------------------------------------------------------------------------- 28 i Subordinated Percentage (P&S 6.02i) 1.25% ii Subordinated Percentage of Scheduled Formula Principal Distribution Amount 0.00 iii. Subordinated Prepayment Percentage 0.00% iv. Subordinated Prepayment Percentage of Unscheduled Formula Principal Distribution Amount 0.00 v. Class B Total Distribution Allocable to Principal 8 0.00 vi. Class B Recovered Loss Amount 9 0.00 vii Class B Unrecovered Loss Amount 0.00 29 i Class B Total Distribution Allocable to Interest 6 (P&S 6.02ii) 0.00 ii. Class B Interest Formula Distribution Amount (29iii. + 29iv.) (P&S 6.02ii) 24,783.05 iii. Class B Current Interest (pass-through rate x B's upb) (P&S 6.02iii) 24,783.05 iv. Class B Unpaid Interest Shortfall (Class B's interest s/f from preceding distribution date) (P&S 6.02iii) 0.00 v. Class B Unpaid Interest Shortfall (Class A's interest s/f from preceding distribution date) vi. Class B Unpaid Interest Shortfall included in 26i. (when 29iii. less than 0: min of 29i. and 29iv.) 0.00 viii. Class B Interest Shortfall (29ii. - 29i.) 24,783.05 ---------------------------------------------------------------------------------------------------------------------- 30 i. Cumulative Master Servicer Advanced Interest (P&S 6.02v) 759,117.07 ii. Cumulative Master Servicer Advanced Principal 0.00 ---------------------------------------------------------------------------------------------------------------------- 31 i. Beginning Reserve Fund Balance (P&S 6.06) 0.00 ii. Current Reserve Fund Deposit 5 239,799.63 iii. Current Reserve Fund Advances 0.00 iv. Ending Reserve Fund Balance (required amount = $250,000) 239,799.63 ---------------------------------------------------------------------------------------------------------------------- 32 i. Available Excess Interest 205,016.58 ii. Distribution Account Shortfall (P&S 6.02xvi) 0.00 iii. Class R Distribution Amount For Such Distribution Date 10 (0.00) ---------------------------------------------------------------------------------------------------------------------- 33 i. Ending Pool Principal Balance (P&S 6.02vii) 326,807,902.46 ii. Ending Pool Balance Factor 99.382200% ---------------------------------------------------------------------------------------------------------------------- 34 Ending Class A Principal Balance 322,696,429.46 35 Ending Class B Principal Balance 4,111,473.00 ======================================================================================================================
2 STATEMENT TO CERTIFICATEHOLDERS PAGE 6 ---------------------------------------------------------------------------- MLCC Mortgage Investors, Inc. Senior/Subordinate Mortgage Pass-Through Certificates, Series 1997A Current Collection Period: 01-Mar-97 to 31-Mar-97
PASS-THROUGH RATES CURRENT DISTRIBUTION: LIBOR= 5.7500% Class A Certificates, Series 1997A LIBOR + 0.25% 6.00000% Original Closing Date: 15-Mar-97 Class B Certificates, Series 1997A LIBOR + 1.25% 7.00000% Distribution Date: 15-Apr-97
Weighted Avg Net Mtg Rate (Alt. Rate) 7.09050% -------------------------------------------------------------------------------------------------------------------------- 1 i. Class A Total Distribution Allocable to Principal 6.256222 ii. Class A Percentage x Scheduled Formula Principal Distribution Amount (Line 20) 0.000000 iii. Class A Prepayment Percentage x Unscheduled Formula Principal Distribution Amount 6.256222 iv. Class A Recovered Principal Amount 0.000000 v. Class A Unrecovered Principal Amount 0.000000 2 i. Class A Total Distribution Allocable to Interest (min of: 26ii or 23) 5.166667 ii. Class A Unpaid Interest Shortfall (Class A's interest s/f from preceding distribution date) 5.166667 iii. Class A Unpaid Interest Shortfall included in 26i. (when 26iii. less than 0: min of 26i. and 26iv.) 0.000000 iv. Class A Unpaid Interest Shortfall (Class A's interest s/f from preceding distribution date) 0.000000 -------------------------------------------------------------------------------------------------------------------------- 3 i. Class B Total Distribution Allocable to Principal 0.000000 ii. Subordinated Percentage of Scheduled Formula Principal Distribution Amount 0.000000 iii. Subordinated Prepayment Percentage of Unscheduled Formula Principal Distribution Amount 0.000000 iv. Class B Recovered Loss Amount 0.000000 v. Class B Unrecovered Loss Amount 0.000000 4 i. Class B Total Distribution Allocable to Interest 0.000000 ii. Class B Interest Formula Distribution Amount (29iii. + 29iv.) 6.027779 iii. Class B Current Interest (pass-through rate x B's upb) 6.027779 iv. Class B Unpaid Interest Shortfall (Class B's interest s/f from preceding distribution date) 0.000000 -------------------------------------------------------------------------------------------------------------------------- 5 Ending Pool Principal Balance 326,807,902.46 6 Ending Pool Balance Factor 99.382200% 7 Ending Class A Principal Balance 322,696,429.46 8 Ending Class B Principal Balance 4,111,473.00 -------------------------------------------------------------------------------------------------------------------------- 9 i. Current Master Servicer Advanced (Recovered) Interest 759,117.07 ii. Current Master Servicer Advanced (Recovered) Principal 0.00 iii. Current Trustee Advanced Interest 0.00 iv. Current Trustee Advanced Principal 0.00 v. Additional Servicing Compensation (P&S 6.02ix ) 0.00 vi. Amount of Servicing Advances Paid by Master Servicer (P&S 6.02 x ) 0.00 vii Formula Principal Amount & Unrecovered Principal Amounts (P&S 6.02iv ) 0.00 viii. Amount of Delinquencies of Mortgage Loans 0.00 ix. CLASS A ALT. RATE FOR NEXT DISTRIBUTION DATE: 15-Apr-97 0.00000% x. CLASS B ALT. RATE FOR NEXT DISTRIBUTION DATE: 15-Apr-97 0.00000% -------------------------------------------------------------------------------------------------------------------------- 10 i. Number of Mortgage Loans 30 to 59 Days Delinquent 0 ii. Aggregate Principal Balances of Mortgage Loans 30 to 59 Days Delinquent 0.00 11 i.. Number of Mortgage Loans 60 to 89 Days Delinquent 0 ii. Aggregate Principal Balances of Mortgage Loans 60 to 89 Days Delinquent 0.00 12 i. Number of Mortgage Loans 90 or More Days Delinquent 0 ii. Aggregate Principal Balances of Mortgage Loans 90 or More Days Delinquent 0.00 13 i. Number of Mortgage Loans in Foreclosure 0 ii. Aggregate Principal Balances of Mortgage Loans in Foreclosure 0.00 14 Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed 0.00 15 Aggregate Net Liquidation Losses from Liquidated Mortgage Loans (P&S 6.02xiii) 0.00 ==========================================================================================================================
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