-----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, T/1BeaAWNQEUIumOiieV9ES3bPQ/d0xmQMV6UamJsee6CEbYuwR8p4o2XfLMRWM1 79IAOJwBVDWg0p6ODCScZw== 0001056404-03-001497.txt : 20030905 0001056404-03-001497.hdr.sgml : 20030905 20030905082205 ACCESSION NUMBER: 0001056404-03-001497 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030825 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030905 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MORTGAGE PASS THROUGH CERTIFICATES MLMI SERIES 2003-A3 CENTRAL INDEX KEY: 0001237223 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-101760-05 FILM NUMBER: 03882578 BUSINESS ADDRESS: STREET 1: 4LD FINANCIAL CENTER FLOOR 10 CITY: NEW YORK STATE: NY ZIP: 10281-1310 8-K 1 mlm03a03_aug.txt AUGUST 8-K UNITED STATES 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): August 25, 2003 MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Pass-Through Certificates, Series 2003-A03 Trust (Exact name of registrant as specified in its charter) 54-2116948 54-2116958 New York (governing law of 333-101760-05 54-2116959 Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) 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 On August 25, 2003 a distribution was made to holders of MERRILL LYNCH MORTGAGE INVESTORS, INC., Mortgage Pass-Through Certificates, Series 2003-A03 Trust. 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 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-A03 Trust, relating to the August 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-A03 Trust By: Wells Fargo Bank Minnesota, N.A., as Master Servicer By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 9/3/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-A03 Trust, relating to the August 25, 2003 distribution. EX-99.1
Merrill Lynch Mortgage Loans, Inc. Mortgage Pass-Through Certificates Record Date: 7/31/03 Distribution Date: 8/25/03 MLM Series: 2003-A03 Contact: CTSLink Customer Service Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Telephone: (301) 815-6600 Fax: (301) 815-6600 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A 589929R26 SEN 3.88000% 332,959,359.52 1,076,568.59 8,077,978.80 I-A-IO 589929R34 SEN 1.27043% 0.00 352,501.75 0.00 M-1 589929R42 SUB 5.15043% 4,777,629.38 20,505.71 190.04 M-2 589929R59 SUB 5.15043% 2,122,835.32 9,111.27 84.44 M-3 589929R67 SUB 5.15043% 884,931.35 3,798.15 35.20 B-1 589929R75 SUB 5.15043% 707,945.08 3,038.52 28.16 B-2 589929R83 SUB 5.15043% 530,958.81 2,278.89 21.12 B-3 589929R91 SUB 5.15043% 708,100.03 3,039.18 28.17 R-I 589929S25 SEN 0.00000% 0.00 0.00 0.00 R-II 589929S33 SEN 0.00000% 0.00 0.00 0.00 Totals 342,691,759.49 1,470,842.06 8,078,365.93
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 324,881,380.72 9,154,547.39 0.00 I-A-IO 0.00 0.00 352,501.75 0.00 M-1 0.00 4,777,439.34 20,695.75 0.00 M-2 0.00 2,122,750.88 9,195.71 0.00 M-3 0.00 884,896.15 3,833.35 0.00 B-1 0.00 707,916.92 3,066.68 0.00 B-2 0.00 530,937.69 2,300.01 0.00 B-3 0.00 708,071.86 3,067.35 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 0.00 334,613,393.56 9,549,207.99 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) I-A 344,168,000.00 332,959,359.52 13,244.41 8,064,734.39 0.00 0.00 I-A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M-1 4,778,000.00 4,777,629.38 190.04 0.00 0.00 0.00 M-2 2,123,000.00 2,122,835.32 84.44 0.00 0.00 0.00 M-3 885,000.00 884,931.35 35.20 0.00 0.00 0.00 B-1 708,000.00 707,945.08 28.16 0.00 0.00 0.00 B-2 531,000.00 530,958.81 21.12 0.00 0.00 0.00 B-3 708,154.96 708,100.03 28.17 0.00 0.00 0.00 R-I 0.00 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 0.00 Totals 353,901,154.96 342,691,759.49 13,631.54 8,064,734.39 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 I-A 8,077,978.80 324,881,380.72 0.94396161 8,077,978.80 I-A-IO 0.00 0.00 0.00000000 0.00 M-1 190.04 4,777,439.34 0.99988266 190.04 M-2 84.44 2,122,750.88 0.99988266 84.44 M-3 35.20 884,896.15 0.99988266 35.20 B-1 28.16 707,916.92 0.99988266 28.16 B-2 21.12 530,937.69 0.99988266 21.12 B-3 28.17 708,071.86 0.99988265 28.17 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 8,078,365.93 334,613,393.56 0.94549958 8,078,365.93
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 344,168,000.00 967.43264778 0.03848240 23.43255152 0.00000000 I-A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 4,778,000.00 999.92243198 0.03977396 0.00000000 0.00000000 M-2 2,123,000.00 999.92243052 0.03977390 0.00000000 0.00000000 M-3 885,000.00 999.92242938 0.03977401 0.00000000 0.00000000 B-1 708,000.00 999.92242938 0.03977401 0.00000000 0.00000000 B-2 531,000.00 999.92242938 0.03977401 0.00000000 0.00000000 B-3 708,154.96 999.92243223 0.03977943 0.00000000 0.00000000 R-I 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2) All Classes are per $1,000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A 0.00000000 23.47103391 943.96161386 0.94396161 23.47103391 I-A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 0.03977396 999.88265802 0.99988266 0.03977396 M-2 0.00000000 0.03977390 999.88265662 0.99988266 0.03977390 M-3 0.00000000 0.03977401 999.88265537 0.99988266 0.03977401 B-1 0.00000000 0.03977401 999.88265537 0.99988266 0.03977401 B-2 0.00000000 0.03977401 999.88265537 0.99988266 0.03977401 B-3 0.00000000 0.03977943 999.88265280 0.99988265 0.03977943 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 I-A 344,168,000.00 3.88000% 332,959,359.52 1,076,568.60 0.00 0.00 I-A-IO 0.00 1.27043% 332,959,359.52 352,501.76 0.00 0.00 M-1 4,778,000.00 5.15043% 4,777,629.38 20,505.71 0.00 0.00 M-2 2,123,000.00 5.15043% 2,122,835.32 9,111.27 0.00 0.00 M-3 885,000.00 5.15043% 884,931.35 3,798.15 0.00 0.00 B-1 708,000.00 5.15043% 707,945.08 3,038.52 0.00 0.00 B-2 531,000.00 5.15043% 530,958.81 2,278.89 0.00 0.00 B-3 708,154.96 5.15043% 708,100.03 3,039.18 0.00 0.00 R-I 0.00 0.00000% 0.00 0.00 0.00 0.00 R-II 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 353,901,154.96 1,470,842.08 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 I-A 0.01 0.00 1,076,568.59 0.00 324,881,380.72 I-A-IO 0.00 0.00 352,501.75 0.00 324,881,380.72 M-1 0.00 0.00 20,505.71 0.00 4,777,439.34 M-2 0.00 0.00 9,111.27 0.00 2,122,750.88 M-3 0.00 0.00 3,798.15 0.00 884,896.15 B-1 0.00 0.00 3,038.52 0.00 707,916.92 B-2 0.00 0.00 2,278.89 0.00 530,937.69 B-3 0.00 0.00 3,039.18 0.00 708,071.86 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 Totals 0.01 0.00 1,470,842.06 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 I-A 344,168,000.00 3.88000% 967.43264778 3.12803224 0.00000000 0.00000000 I-A-IO 0.00 1.27043% 967.43264778 1.02421422 0.00000000 0.00000000 M-1 4,778,000.00 5.15043% 999.92243198 4.29169318 0.00000000 0.00000000 M-2 2,123,000.00 5.15043% 999.92243052 4.29169571 0.00000000 0.00000000 M-3 885,000.00 5.15043% 999.92242938 4.29169492 0.00000000 0.00000000 B-1 708,000.00 5.15043% 999.92242938 4.29169492 0.00000000 0.00000000 B-2 531,000.00 5.15043% 999.92242938 4.29169492 0.00000000 0.00000000 B-3 708,154.96 5.15043% 999.92243223 4.29168780 0.00000000 0.00000000 R-I 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00 0.00000% 0.00000000 0.00000000 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 I-A 0.00000003 0.00000000 3.12803221 0.00000000 943.96161386 I-A-IO 0.00000000 0.00000000 1.02421419 0.00000000 943.96161386 M-1 0.00000000 0.00000000 4.29169318 0.00000000 999.88265802 M-2 0.00000000 0.00000000 4.29169571 0.00000000 999.88265662 M-3 0.00000000 0.00000000 4.29169492 0.00000000 999.88265537 B-1 0.00000000 0.00000000 4.29169492 0.00000000 999.88265537 B-2 0.00000000 0.00000000 4.29169492 0.00000000 999.88265537 B-3 0.00000000 0.00000000 4.29168780 0.00000000 999.88265280 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 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 ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 9,600,408.59 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 20,229.91 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 9,620,638.50 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 71,430.51 Payment of Interest and Principal 9,549,207.99 Total Withdrawals (Pool Distribution Amount) 9,620,638.50 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 71,430.51 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 71,430.51
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 6 0 0 0 6 4,039,506.94 0.00 0.00 0.00 4,039,506.94 60 Days 1 0 0 0 1 340,000.00 0.00 0.00 0.00 340,000.00 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 7 0 0 0 7 4,379,506.94 0.00 0.00 0.00 4,379,506.94 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 0.778210% 0.000000% 0.000000% 0.000000% 0.778210% 1.207177% 0.000000% 0.000000% 0.000000% 1.207177% 60 Days 0.129702% 0.000000% 0.000000% 0.000000% 0.129702% 0.101606% 0.000000% 0.000000% 0.000000% 0.101606% 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 0.907912% 0.000000% 0.000000% 0.000000% 0.907912% 1.308783% 0.000000% 0.000000% 0.000000% 1.308783%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 20,229.91
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.02825648% 100,000.00 0.02988524% Fraud 7,078,023.00 1.99999997% 7,078,023.00 2.11528383% Special Hazard 1,769,506.00 0.50000006% 1,769,506.00 0.52882103% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.400559% Weighted Average Net Coupon 5.150432% Weighted Average Pass-Through Rate 5.150432% Weighted Average Maturity(Stepdown Calculation ) 353 Beginning Scheduled Collateral Loan Count 791 Number Of Loans Paid In Full 20 Ending Scheduled Collateral Loan Count 771 Beginning Scheduled Collateral Balance 342,691,759.50 Ending Scheduled Collateral Balance 334,613,393.57 Ending Actual Collateral Balance at 31-Jul-2003 334,624,367.80 Monthly P &I Constant 1,555,904.11 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 334,613,393.57 Scheduled Principal 13,631.54 Unscheduled Principal 8,064,734.39
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