-----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, KnNhigctP4+3iEmL2X7ZXaEjm4muY259joyp/TReQ38QQH4GyBkjTJ/S4n+iNdQ7 Jk19r3jMIROZSihO0XlE1Q== 0001056404-03-001829.txt : 20031007 0001056404-03-001829.hdr.sgml : 20031007 20031007082301 ACCESSION NUMBER: 0001056404-03-001829 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030925 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031007 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: 03930493 BUSINESS ADDRESS: STREET 1: 4LD FINANCIAL CENTER FLOOR 10 CITY: NEW YORK STATE: NY ZIP: 10281-1310 8-K 1 mlm03a03.txt SEPTEMBER 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): September 25, 2003 MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Pass-Through Certificates, Series 2003-A03 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-101760-05 54-2116958 Pooling and Servicing Agreement) (Commission 54-2116959 (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 On September 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 September 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: 10/1/03 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 September 25, 2003 distribution. EX-99.1
Merrill Lynch Mortgage Loans, Inc. Mortgage Pass-Through Certificates Record Date: 8/31/03 Distribution Date: 9/25/03 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% 324,881,380.72 1,050,449.80 20,618,121.39 I-A-IO 589929R34 SEN 1.27195% 0.00 344,359.58 0.00 M-1 589929R42 SUB 5.15195% 4,777,439.34 20,510.92 176.26 M-2 589929R59 SUB 5.15195% 2,122,750.88 9,113.58 78.32 M-3 589929R67 SUB 5.15195% 884,896.15 3,799.11 32.65 B-1 589929R75 SUB 5.15195% 707,916.92 3,039.29 26.12 B-2 589929R83 SUB 5.15195% 530,937.69 2,279.47 19.59 B-3 589929R91 SUB 5.15195% 708,071.86 3,039.96 26.12 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 334,613,393.56 1,436,591.71 20,618,480.45
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 304,263,259.33 21,668,571.19 0.00 I-A-IO 0.00 0.00 344,359.58 0.00 M-1 0.00 4,777,263.08 20,687.18 0.00 M-2 0.00 2,122,672.57 9,191.90 0.00 M-3 0.00 884,863.50 3,831.76 0.00 B-1 0.00 707,890.80 3,065.41 0.00 B-2 0.00 530,918.10 2,299.06 0.00 B-3 0.00 708,045.74 3,066.08 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 0.00 313,994,913.12 22,055,072.16 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 344,168,000.00 324,881,380.72 11,986.03 20,606,135.36 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 4,777,439.34 176.26 0.00 0.00 0.00 M-2 2,123,000.00 2,122,750.88 78.32 0.00 0.00 0.00 M-3 885,000.00 884,896.15 32.65 0.00 0.00 0.00 B-1 708,000.00 707,916.92 26.12 0.00 0.00 0.00 B-2 531,000.00 530,937.69 19.59 0.00 0.00 0.00 B-3 708,154.96 708,071.86 26.12 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 353,901,154.96 334,613,393.56 12,345.09 20,606,135.36 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 20,618,121.39 304,263,259.33 0.88405447 20,618,121.39 I-A-IO 0.00 0.00 0.00000000 0.00 M-1 176.26 4,777,263.08 0.99984577 176.26 M-2 78.32 2,122,672.57 0.99984577 78.32 M-3 32.65 884,863.50 0.99984576 32.65 B-1 26.12 707,890.80 0.99984576 26.12 B-2 19.59 530,918.10 0.99984576 19.59 B-3 26.12 708,045.74 0.99984577 26.12 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 20,618,480.45 313,994,913.12 0.88723902 20,618,480.45
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 344,168,000.00 943.96161386 0.03482610 59.87231631 0.00000000 I-A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 4,778,000.00 999.88265802 0.03688991 0.00000000 0.00000000 M-2 2,123,000.00 999.88265662 0.03689119 0.00000000 0.00000000 M-3 885,000.00 999.88265537 0.03689266 0.00000000 0.00000000 B-1 708,000.00 999.88265537 0.03689266 0.00000000 0.00000000 B-2 531,000.00 999.88265537 0.03689266 0.00000000 0.00000000 B-3 708,154.96 999.88265280 0.03688458 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 59.90714241 884.05447145 0.88405447 59.90714241 I-A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 0.03688991 999.84576810 0.99984577 0.03688991 M-2 0.00000000 0.03689119 999.84577014 0.99984577 0.03689119 M-3 0.00000000 0.03689266 999.84576271 0.99984576 0.03689266 B-1 0.00000000 0.03689266 999.84576271 0.99984576 0.03689266 B-2 0.00000000 0.03689266 999.84576271 0.99984576 0.03689266 B-3 0.00000000 0.03688458 999.84576822 0.99984577 0.03688458 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% 324,881,380.72 1,050,449.80 0.00 0.00 I-A-IO 0.00 1.27195% 324,881,380.72 344,359.58 0.00 0.00 M-1 4,778,000.00 5.15195% 4,777,439.34 20,510.92 0.00 0.00 M-2 2,123,000.00 5.15195% 2,122,750.88 9,113.58 0.00 0.00 M-3 885,000.00 5.15195% 884,896.15 3,799.11 0.00 0.00 B-1 708,000.00 5.15195% 707,916.92 3,039.29 0.00 0.00 B-2 531,000.00 5.15195% 530,937.69 2,279.47 0.00 0.00 B-3 708,154.96 5.15195% 708,071.86 3,039.96 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 1,436,591.71 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 0.00 0.00 1,050,449.80 0.00 304,263,259.33 I-A-IO 0.00 0.00 344,359.58 0.00 304,263,259.33 M-1 0.00 0.00 20,510.92 0.00 4,777,263.08 M-2 0.00 0.00 9,113.58 0.00 2,122,672.57 M-3 0.00 0.00 3,799.11 0.00 884,863.50 B-1 0.00 0.00 3,039.29 0.00 707,890.80 B-2 0.00 0.00 2,279.47 0.00 530,918.10 B-3 0.00 0.00 3,039.96 0.00 708,045.74 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 0.00 0.00 1,436,591.71 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% 943.96161386 3.05214256 0.00000000 0.00000000 I-A-IO 0.00 1.27195% 943.96161386 1.00055665 0.00000000 0.00000000 M-1 4,778,000.00 5.15195% 999.88265802 4.29278359 0.00000000 0.00000000 M-2 2,123,000.00 5.15195% 999.88265662 4.29278380 0.00000000 0.00000000 M-3 885,000.00 5.15195% 999.88265537 4.29277966 0.00000000 0.00000000 B-1 708,000.00 5.15195% 999.88265537 4.29278249 0.00000000 0.00000000 B-2 531,000.00 5.15195% 999.88265537 4.29278719 0.00000000 0.00000000 B-3 708,154.96 5.15195% 999.88265280 4.29278925 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 0.00000000 0.00000000 3.05214256 0.00000000 884.05447145 I-A-IO 0.00000000 0.00000000 1.00055665 0.00000000 884.05447145 M-1 0.00000000 0.00000000 4.29278359 0.00000000 999.84576810 M-2 0.00000000 0.00000000 4.29278380 0.00000000 999.84577014 M-3 0.00000000 0.00000000 4.29277966 0.00000000 999.84576271 B-1 0.00000000 0.00000000 4.29278249 0.00000000 999.84576271 B-2 0.00000000 0.00000000 4.29278719 0.00000000 999.84576271 B-3 0.00000000 0.00000000 4.29278925 0.00000000 999.84576822 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 22,101,893.64 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 22,925.89 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 22,124,819.53 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 69,747.37 Payment of Interest and Principal 22,055,072.16 Total Withdrawals (Pool Distribution Amount) 22,124,819.53 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 69,747.37 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 69,747.37
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 1 0 0 1 322,162.00 0.00 0.00 322,162.00 30 Days 8 0 0 0 8 3,292,080.09 0.00 0.00 0.00 3,292,080.09 60 Days 1 0 0 0 1 1,758,000.00 0.00 0.00 0.00 1,758,000.00 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 9 1 0 0 10 5,050,080.09 322,162.00 0.00 0.00 5,372,242.09 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 0.136240% 0.000000% 0.000000% 0.136240% 0.102598% 0.000000% 0.000000% 0.102598% 30 Days 1.089918% 0.000000% 0.000000% 0.000000% 1.089918% 1.048417% 0.000000% 0.000000% 0.000000% 1.048417% 60 Days 0.136240% 0.000000% 0.000000% 0.000000% 0.136240% 0.559864% 0.000000% 0.000000% 0.000000% 0.559864% 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 1.226158% 0.136240% 0.000000% 0.000000% 1.362398% 1.608281% 0.102598% 0.000000% 0.000000% 1.710878%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 22,925.89
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.02825648% 100,000.00 0.03184765% Fraud 7,078,023.00 1.99999997% 7,078,023.00 2.25418397% Special Hazard 1,769,506.00 0.50000006% 1,769,506.00 0.56354607% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.402075% Weighted Average Net Coupon 5.151945% Weighted Average Pass-Through Rate 5.151945% Weighted Average Maturity(Stepdown Calculation ) 352 Beginning Scheduled Collateral Loan Count 771 Number Of Loans Paid In Full 37 Ending Scheduled Collateral Loan Count 734 Beginning Scheduled Collateral Balance 334,613,393.57 Ending Scheduled Collateral Balance 313,994,913.13 Ending Actual Collateral Balance at 31-Aug-2003 314,004,903.19 Monthly P &I Constant 1,518,684.17 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 313,994,913.13 Scheduled Principal 12,345.08 Unscheduled Principal 20,606,135.36
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