-----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, B1zhw8d66WRUM9sBcvuV+ignipFpVNpeu3Fynq2DSBbOqjBuTd0hFT0EZ0XFzwP+ BJNJoq1P6VxbqLFQRJNUiw== 0001051170-98-000100.txt : 19981215 0001051170-98-000100.hdr.sgml : 19981215 ACCESSION NUMBER: 0001051170-98-000100 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19981214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MERRILL LYNCH MORTGAGE INVESTORS INC SERIES 1997-FF2 CENTRAL INDEX KEY: 0001043312 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 133416059 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: SEC FILE NUMBER: 333-07569-01 FILM NUMBER: 98768575 BUSINESS ADDRESS: STREET 1: 250 VESEY ST WORLD FINANCIAL CENTER STREET 2: NORTH TOWER 10TH FL CITY: NEW YORK STATE: NY ZIP: 10281 BUSINESS PHONE: 2124490336 MAIL ADDRESS: STREET 1: 250 VESEY ST WORLD FINANCIAL CENTER STREET 2: NORTH TOWER 10TH FL CITY: NEW YORK STATE: NY ZIP: 10281 10-K/A 1 FORM 10-K/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A [X] Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the period from June 17, 1997 (Commencement of Operations) to December 31, 1997. [ ] Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission File Number - 33-37569 MERRILL LYNCH MORTGAGE INVESTORS, INC. (Exact name of registrant as specified in its charter) Delaware 13-3416059 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) World Financial Center North Tower, 10th Floor 250 Vesey Street New York, New York 10281-1310 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code : (212) 449-0336 Mortgage Loan Asset Backed Certificates, Series 1997-FF2 (Title of each class of securities covered by this form) Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ] Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K/A or any amendment to this Form 10-K/A. [X] Page 1 of 4 This report consists of 8 consecutively numbered pages. Documents incorporated by reference: none AMENDMENT NUMBER 1 OF 1 -2- MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Loan Asset Backed Certificates, Series 1997-FF2 - -------------------------------------------------------- (a) The following documents are filed as part of this report: (1) Financial Statements: Omitted. (2) Financial Statement Schedules: Omitted. (3) Exhibits: Annual Servicing Reports, filed as Exhibit 99.1 hereto. (b) Reports on Form 8-K: The following Current Reports on Form 8-K were filed by the Registrant. A Current Report on Form 8-K, dated October 25, 1997, November 25, 1997, and December 25, 1997, were filed for the purpose of filing the Monthly Statement sent to the Holders of the Offered Certificates for Payments made on the same dates. The items reported in such Current Report were Item 5 (Other Events). (c) Exhibits to this report are listed in Item (14)(a)(3) above. -3- SIGNATURE Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. CHASE BANK OF TEXAS, N.A. not in its individual capacity but solely as Trustee under the Agreement referred to herein Date: December 11, 1998 By: /s/ Bill Marshall ---------------- Bill Marshall Vice President & Trust Officer -4- INDEX TO EXHIBITS Exhibit Number Description of Exhibits Page 99.1 Annual Servicing Reports 6 -5- EXHIBIT 99.1 ANNUAL SERVICING REPORTS -6- OPTION ONE MORTGAGE CORPORATION Corporate Offices 3ADA, Irvine, CA 92618 P.O. Box 57054, Irvine, CA 92619-7054 Phone 714/790-8200 800/648-9605 Fax 714/790-8505 July 28, 1998 Merrill Lynch Mortgage Investors, Incorporated World Financial Center New York, New York 10281 Attention: Merrill Lynch Mortgage Investors, Incorporated First Franklin 1997-FF2 Inv#492 First Franklin Financial Corporation 2150 North First Street San Jose, Ca. 95131 Attention: Chief Operating Officer Texas Commerce Bank National Association Global Trust Services 600 Travis Street 8th Floor Houston, TX 77002 Attention: Merrill Lynch Mortgage Investors, Series 1997-FF2 Texas Commerce Bank National Association c/o Texas Commerce Trust Company of New York 55 Water Street, North Building Room 234, Windows 20 and 21 New York, New York 10041 Financial Security Assurance Incorporated 350 Park Avenue New York, New York 10022 Attention: Surveillance Department RE: Mortgage Loan Asset Backed Certificates, Series 1997-FF2 Pursuant to Section 3.20 of the Pooling and Servicing Agreement, dated and effective as of June 1, 1997, (the "Agreement") among Merrill Lynch Mortgage Investors, Inc., as Depositor, First Franklin Financial Corporation, as Master Servicer, Option One Mortgage Corporation, as Servicer and Texas Commerce Bank National Association, as Trustee, I certify that: 1. A review of the activities of the Servicer, during the fiscal year ended April 30, 1998, and of performance under the aforementioned agreement has been made under my supervision. 2. To the best of my knowledge, based on such review, the Servicer, has fulfilled all of its obligations under the Agreement during the fiscal year ended April 30, 1998, subject to any matters noted in the servicing report provided under Section 3.21 of the Agreement. By: /s/ William L. O'Neill William L. O'Neill Senior Vice President\Chief Financial Officer Option One Mortgage Corporation -7- INDEPENDENT AUDITORS' REPORT Deloitte & Touche LLP Telephone: (714)436-7100 Suite 1200 Facsimile: (714)436-4200 695 Town Center Drive Costa Mesa, California 92626-1924 The Board of Directors Option One Mortgage Corporation We have audited the accompanying balance sheet of Option One Mortgage Corporation (the Company), a wholly-owned subsidiary of Block Financial Corporation, as of April 30, 1998, and the related statements of earnings, stockholder's equity and cash flows for the period from June 18, 1997 to April 30, 1998. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Option One Mortgage Corporation as of April 30, 1998, and the results of its operations and its cash flows for the period from June 18, 1997 to April 30, 1998 in conformity with generally accepted accounting principles. /s/ Deloitte & Touche LLP Deloitte & Touche LLP Costa Mesa, CA June 12, 1998 -8- -----END PRIVACY-ENHANCED MESSAGE-----