-----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, PAW2EejsKdBFoaGqABO9WWVZz4rFDbCHgsV1GlT+ntdsYBu9Sl3tiTFNTOl8Q/IL EWIu18xBWCCyb4jeURMIsw== 0001056404-03-002169.txt : 20031110 0001056404-03-002169.hdr.sgml : 20031110 20031110143904 ACCESSION NUMBER: 0001056404-03-002169 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031025 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031110 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MERRILL LYNCH MORT INVEST INC MLCC 2003-B MORT PS THR CERT CENTRAL INDEX KEY: 0001224368 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 333-103927-01 FILM NUMBER: 03987910 BUSINESS ADDRESS: STREET 1: 4LD FINANCIAL CENTER FLOOR 10 CITY: NEW YORK STATE: NY ZIP: 10281-1310 8-K/A 1 mlc0300b_april.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K/A 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 25, 2003 MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Pass-Through Certificates, Series 2003-B Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-103927-01 54-2105548 Pooling and Servicing Agreement) (Commission 54-2105549 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, Maryland 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events Subsequent to filing the 8-K relating to the payment date on April 25, 2003, a revision was made to the MERRILL LYNCH MORTGAGE INVESTORS, INC., Mortgage Pass- Through Certificates, Series 2003-B which was not included in the original 8-K filed. This revision was not previously disclosed in a 1934 Act filing. An amended 8-K will be filed. The revised data has been and will continue to be available on the Wells Fargo Bank, Minnesota, as Master Servicer, website at www.ctslink.com. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Amended Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-B Trust, relating to the April 25, 2003 distribution. 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. MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Pass-Through Certificates, Series 2003-B Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 10/13/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Amended Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-B Trust, relating to the April 25, 2003 distribution. EX-99.1
Merrill Lynch Mortgage Investors, Inc. Mortgage Pass-Through Certificates Record Date: 3/31/03 Distribution Date: 4/25/03 MLC Series: 2003-B Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 589929K56 SEN 1.64688% 791,510,000.00 1,050,059.38 2,721,086.87 A-2 589929L71 SEN 2.05688% 250,000,000.00 414,232.78 859,460.67 X-A1 589929K80 SEN 1.43791% 0.00 948,434.72 0.00 X-A2 589929L89 SEN 1.04158% 0.00 216,995.50 0.00 X-B 589929K98 SEN 0.64757% 0.00 13,340.40 0.00 B-1 589929K64 SUB 2.05688% 11,286,000.00 18,700.12 0.00 B-2 589929K72 SUB 2.80688% 8,598,000.00 19,440.92 0.00 B-3 589929L30 SUB 2.80688% 4,837,000.00 10,936.93 0.00 B-4 589929L48 SUB 3.02990% 2,686,000.00 6,781.92 0.00 B-5 589929L55 SUB 3.02990% 2,149,000.00 5,426.04 0.00 B-6 589929L63 SUB 3.02990% 3,764,101.16 9,504.03 0.00 A-R MLC030BAR SEN 3.02990% 100.00 0.25 100.00 Totals 1,074,830,201.16 2,713,852.99 3,580,647.54
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 788,788,913.12 3,771,146.25 0.00 A-2 0.00 249,140,539.33 1,273,693.45 0.00 X-A1 0.00 0.00 948,434.72 0.00 X-A2 0.00 0.00 216,995.50 0.00 X-B 0.00 0.00 13,340.40 0.00 B-1 0.00 11,286,000.00 18,700.12 0.00 B-2 0.00 8,598,000.00 19,440.92 0.00 B-3 0.00 4,837,000.00 10,936.93 0.00 B-4 0.00 2,686,000.00 6,781.92 0.00 B-5 0.00 2,149,000.00 5,426.04 0.00 B-6 0.00 3,764,101.16 9,504.03 0.00 A-R 0.00 0.00 100.25 0.00 Totals 0.00 1,071,249,553.61 6,294,500.53 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 791,510,000.00 791,510,000.00 0.35 2,721,086.52 0.00 0.00 A-2 250,000,000.00 250,000,000.00 0.11 859,460.56 0.00 0.00 X-A1 0.00 0.00 0.00 0.00 0.00 0.00 X-A2 0.00 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 B-1 11,286,000.00 11,286,000.00 0.00 0.00 0.00 0.00 B-2 8,598,000.00 8,598,000.00 0.00 0.00 0.00 0.00 B-3 4,837,000.00 4,837,000.00 0.00 0.00 0.00 0.00 B-4 2,686,000.00 2,686,000.00 0.00 0.00 0.00 0.00 B-5 2,149,000.00 2,149,000.00 0.00 0.00 0.00 0.00 B-6 3,764,101.16 3,764,101.16 0.00 0.00 0.00 0.00 A-R 100.00 100.00 0.00 100.00 0.00 0.00 Totals 1,074,830,201.16 1,074,830,201.16 0.46 3,580,647.08 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1 2,721,086.87 788,788,913.12 0.99656216 2,721,086.87 A-2 859,460.67 249,140,539.33 0.99656216 859,460.67 X-A1 0.00 0.00 0.00000000 0.00 X-A2 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-1 0.00 11,286,000.00 1.00000000 0.00 B-2 0.00 8,598,000.00 1.00000000 0.00 B-3 0.00 4,837,000.00 1.00000000 0.00 B-4 0.00 2,686,000.00 1.00000000 0.00 B-5 0.00 2,149,000.00 1.00000000 0.00 B-6 0.00 3,764,101.16 1.00000000 0.00 A-R 100.00 0.00 0.00000000 100.00 Totals 3,580,647.54 1,071,249,553.61 0.99666864 3,580,647.54
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 791,510,000.00 1000.00000000 0.00000044 3.43784225 0.00000000 A-2 250,000,000.00 1000.00000000 0.00000044 3.43784224 0.00000000 X-A1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-A2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 11,286,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 8,598,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 4,837,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 2,686,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 2,149,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 3,764,101.16 1000.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 1000.00000000 0.00000000 1000.00000000 0.00000000 (2) All Classes are per $1000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 3.43784269 996.56215729 0.99656216 3.43784269 A-2 0.00000000 3.43784268 996.56215732 0.99656216 3.43784268 X-A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-R 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 791,510,000.00 1.64688% 791,510,000.00 1,050,059.38 0.00 0.00 A-2 250,000,000.00 2.05688% 250,000,000.00 414,232.78 0.00 0.00 X-A1 0.00 1.43791% 791,510,100.00 948,434.72 0.00 0.00 X-A2 0.00 1.04158% 250,000,000.00 216,995.50 0.00 0.00 X-B 0.00 0.64757% 24,721,000.00 13,340.40 0.00 0.00 B-1 11,286,000.00 2.05688% 11,286,000.00 18,700.12 0.00 0.00 B-2 8,598,000.00 2.80688% 8,598,000.00 19,440.92 0.00 0.00 B-3 4,837,000.00 2.80688% 4,837,000.00 10,936.93 0.00 0.00 B-4 2,686,000.00 3.02990% 2,686,000.00 6,781.92 0.00 0.00 B-5 2,149,000.00 3.02990% 2,149,000.00 5,426.04 0.00 0.00 B-6 3,764,101.16 3.02990% 3,764,101.16 9,504.03 0.00 0.00 A-R 100.00 3.02990% 100.00 0.25 0.00 0.00 Totals 1,074,830,201.16 2,713,852.99 0.00 0.00
Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 0.00 0.00 1,050,059.38 0.00 788,788,913.12 A-2 0.00 0.00 414,232.78 0.00 249,140,539.33 X-A1 0.00 0.00 948,434.72 0.00 788,788,913.13 X-A2 0.00 0.00 216,995.50 0.00 249,140,539.83 X-B 0.00 0.00 13,340.40 0.00 24,721,000.00 B-1 0.00 0.00 18,700.12 0.00 11,286,000.00 B-2 0.00 0.00 19,440.92 0.00 8,598,000.00 B-3 0.00 0.00 10,936.93 0.00 4,837,000.00 B-4 0.00 0.00 6,781.92 0.00 2,686,000.00 B-5 0.00 0.00 5,426.04 0.00 2,149,000.00 B-6 0.00 0.00 9,504.03 0.00 3,764,101.16 A-R 0.00 0.00 0.25 0.00 0.00 Totals 0.00 0.00 2,713,852.99 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1 791,510,000.00 1.64688% 1000.00000000 1.32665333 0.00000000 0.00000000 A-2 250,000,000.00 2.05688% 1000.00000000 1.65693112 0.00000000 0.00000000 X-A1 0.00 1.43791% 1000.00000000 1.19825978 0.00000000 0.00000000 X-A2 0.00 1.04158% 1000.00000000 0.86798200 0.00000000 0.00000000 X-B 0.00 0.64757% 1000.00000000 0.53963836 0.00000000 0.00000000 B-1 11,286,000.00 2.05688% 1000.00000000 1.65693071 0.00000000 0.00000000 B-2 8,598,000.00 2.80688% 1000.00000000 2.26109793 0.00000000 0.00000000 B-3 4,837,000.00 2.80688% 1000.00000000 2.26109779 0.00000000 0.00000000 B-4 2,686,000.00 3.02990% 1000.00000000 2.52491437 0.00000000 0.00000000 B-5 2,149,000.00 3.02990% 1000.00000000 2.52491391 0.00000000 0.00000000 B-6 3,764,101.16 3.02990% 1000.00000000 2.52491354 0.00000000 0.00000000 A-R 100.00 3.02990% 1000.00000000 2.50000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.00000000 0.00000000 1.32665333 0.00000000 996.56215729 A-2 0.00000000 0.00000000 1.65693112 0.00000000 996.56215732 X-A1 0.00000000 0.00000000 1.19825978 0.00000000 996.56203140 X-A2 0.00000000 0.00000000 0.86798200 0.00000000 996.56215932 X-B 0.00000000 0.00000000 0.53963836 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 1.65693071 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.26109793 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.26109779 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.52491437 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.52491391 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.52491354 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 2.50000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Certificateholder Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage X-1B 1.04158% 11,286,000.00 11,286,000.00 0.00 0.00 100.00000000% X-2B 0.31658% 8,598,000.00 8,598,000.00 0.00 0.00 100.00000000% X-3B 0.31658% 4,837,000.00 4,837,000.00 0.00 0.00 100.00000000%
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 6,401,185.90 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 28,778.24 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 6,429,964.14 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 223,904.58 Payment of Interest and Principal 6,206,059.56 Total Withdrawals (Pool Distribution Amount) 6,429,964.14 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 223,904.58 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 223,904.58
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance X-A1 Basis Risk Reserve Fund 6,000.00 0.00 0.00 6,000.00 X-A2 Basis Risk Reserve Fund 2,000.00 0.00 0.00 2,000.00 X-B Basis Risk Reserve Fund 2,000.00 0.00 0.00 2,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 8 0 0 0 8 9,471,900.00 0.00 0.00 0.00 9,471,900.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 8 0 0 0 8 9,471,900.00 0.00 0.00 0.00 9,471,900.00 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.286021% 0.000000% 0.000000% 0.000000% 0.286021% 0.884192% 0.000000% 0.000000% 0.000000% 0.884192% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.286021% 0.000000% 0.000000% 0.000000% 0.286021% 0.884192% 0.000000% 0.000000% 0.000000% 0.884192%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 28,778.24
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 121,932.00 0.01134430% 121,932.00 0.01138222% Fraud 21,496,604.00 2.00000000% 21,496,604.00 2.00668499% Special Hazard 10,984,000.00 1.02192886% 10,984,000.00 1.02534465% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.279896% Weighted Average Net Coupon 3.029916% Weighted Average Pass-Through Rate 3.029896% Weighted Average Maturity(Stepdown Calculation ) 1 Beginning Scheduled Collateral Loan Count 2,801 Number Of Loans Paid In Full 4 Ending Scheduled Collateral Loan Count 2,797 Beginning Scheduled Collateral Balance 1,074,830,201.16 Ending Scheduled Collateral Balance 1,071,249,553.73 Ending Actual Collateral Balance at 31-Mar-2003 1,071,249,553.73 Monthly P &I Constant 2,937,535.17 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 1,071,249,553.73 Scheduled Principal 0.46 Unscheduled Principal 3,492,428.97
Miscellaneous Reporting Principal Balance of 1 Month Libor Loans 273,360,265.25 Principal Balance of 6 Month Libor Loans 797,889,288.48 Pro-Rata Senior % 96.907920% Senior % 100.000000% Senior PrePayment % 100.000000% Subordinate % 0.000000% Subordinate PrePayment % 0.000000%
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