-----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, O6GI3G5hCGC8L+U9wDrC/v2o1FCsUKaDIMpcSv5eKfnd1sUVkvA/VLuqkDjsTHW7 +kr6pxSBM+qGitvqjODRdA== 0001056404-04-004103.txt : 20041202 0001056404-04-004103.hdr.sgml : 20041202 20041202104402 ACCESSION NUMBER: 0001056404-04-004103 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041126 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MERRILL LYNCH MORTGAGE INVESTORS TRUST, SERIES 2004-SL2 CENTRAL INDEX KEY: 0001307263 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: 333-112231-30 FILM NUMBER: 041179196 BUSINESS ADDRESS: STREET 1: 4LD FINANCIAL CENTER FLOOR 10 CITY: NEW YORK STATE: NY ZIP: 10281-1310 BUSINESS PHONE: 2124491000 MAIL ADDRESS: STREET 1: WORLD FINANCIAL CTR N TOWER STREET 2: 250 VESEY ST 10TH FL CITY: NEW YORK STATE: NY ZIP: 10281-1310 8-K 1 mlm04sl2_nov.txt NOVEMBER 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): November 26, 2004 MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Loan Asset-Backed Certificates, Series 2004-SL2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-112231-30 54-2162616 Pooling and Servicing Agreement) (Commission 54-2162617 (State or other File Number) 54-2162618 jurisdiction 54-2162619 of Incorporation) 54-2162620 54-6643823 54-6643824 IRS EIN c/o Wells Fargo Bank, 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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On November 26, 2004 a distribution was made to holders of MERRILL LYNCH MORTGAGE INVESTORS, INC., Mortgage Loan Asset-Backed Certificates, Series 2004-SL2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2004-SL2 Trust, relating to the November 26, 2004 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 Loan Asset-Backed Certificates, Series 2004-SL2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/30/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2004-SL2 Trust, relating to the November 26, 2004 distribution. EX-99.1
Merrill Lynch Mortgage Loans, Inc. Mortgage Pass-Through Certificates Record Date: 10/31/04 Distribution Date: 11/26/04 MLM Series: 2004-SL2 Contact: Customer Service - CTSLink Wells Fargo Bank, 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 59020UKD6 SEN 2.25000% 128,725,000.00 225,268.75 6,227,341.97 M-1 59020UKE4 MEZ 2.58000% 19,380,000.00 38,889.20 0.00 M-2 59020UKF1 MEZ 3.11000% 12,065,000.00 29,183.89 0.00 M-3 59020UKG9 MEZ 3.26000% 7,030,000.00 17,824.96 0.00 B-1 59020UKH7 SUB 3.66000% 5,320,000.00 15,144.27 0.00 B-2 59020UKJ3 SUB 3.76000% 4,085,000.00 11,946.36 0.00 B-3 59020UKK0 SUB 5.21000% 3,420,000.00 13,858.60 0.00 B-4 59020UMW2 SUB 6.71000% 9,975,000.00 52,058.42 0.00 C CLASS C SEN 0.00000% 4,775.86 0.00 0.00 P CLASS P SEN 0.00000% 0.00 85,991.94 0.00 R 59020UMV4 SEN 2.25000% 100.00 0.17 100.00 Totals 190,004,875.86 490,166.56 6,227,441.97
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 122,497,658.03 6,452,610.72 0.00 M-1 0.00 19,380,000.00 38,889.20 0.00 M-2 0.00 12,065,000.00 29,183.89 0.00 M-3 0.00 7,030,000.00 17,824.96 0.00 B-1 0.00 5,320,000.00 15,144.27 0.00 B-2 0.00 4,085,000.00 11,946.36 0.00 B-3 0.00 3,420,000.00 13,858.60 0.00 B-4 0.00 9,975,000.00 52,058.42 0.00 C 0.00 1,141,814.28 0.00 0.00 P 0.00 0.00 85,991.94 0.00 R 0.00 0.00 100.17 0.00 Totals 0.00 184,914,472.31 6,717,608.53 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 128,725,000.00 128,725,000.00 0.00 6,227,341.97 0.00 0.00 M-1 19,380,000.00 19,380,000.00 0.00 0.00 0.00 0.00 M-2 12,065,000.00 12,065,000.00 0.00 0.00 0.00 0.00 M-3 7,030,000.00 7,030,000.00 0.00 0.00 0.00 0.00 B-1 5,320,000.00 5,320,000.00 0.00 0.00 0.00 0.00 B-2 4,085,000.00 4,085,000.00 0.00 0.00 0.00 0.00 B-3 3,420,000.00 3,420,000.00 0.00 0.00 0.00 0.00 B-4 9,975,000.00 9,975,000.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 R 100.00 100.00 0.00 100.00 0.00 0.00 Totals 190,000,100.00 190,000,100.00 0.00 6,227,441.97 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 6,227,341.97 122,497,658.03 0.95162290 6,227,341.97 M-1 0.00 19,380,000.00 1.00000000 0.00 M-2 0.00 12,065,000.00 1.00000000 0.00 M-3 0.00 7,030,000.00 1.00000000 0.00 B-1 0.00 5,320,000.00 1.00000000 0.00 B-2 0.00 4,085,000.00 1.00000000 0.00 B-3 0.00 3,420,000.00 1.00000000 0.00 B-4 0.00 9,975,000.00 1.00000000 0.00 P 0.00 0.00 0.00000000 0.00 R 100.00 0.00 0.00000000 100.00 Totals 6,227,441.97 183,772,658.03 0.96722401 6,227,441.97
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 128,725,000.00 1000.00000000 0.00000000 48.37709823 0.00000000 M-1 19,380,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 12,065,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 7,030,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 5,320,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 4,085,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 3,420,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 9,975,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 4,775.86 1000.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 100.00 1000.00000000 0.00000000 1000.00000000 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 A 0.00000000 48.37709823 951.62290177 0.95162290 48.37709823 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 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 C 0.00000000 0.00000000 239,080.34992651 239.08034993 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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 128,725,000.00 2.25000% 128,725,000.00 225,268.75 0.00 0.00 M-1 19,380,000.00 2.58000% 19,380,000.00 38,889.20 0.00 0.00 M-2 12,065,000.00 3.11000% 12,065,000.00 29,183.89 0.00 0.00 M-3 7,030,000.00 3.26000% 7,030,000.00 17,824.96 0.00 0.00 B-1 5,320,000.00 3.66000% 5,320,000.00 15,144.27 0.00 0.00 B-2 4,085,000.00 3.76000% 4,085,000.00 11,946.36 0.00 0.00 B-3 3,420,000.00 5.21000% 3,420,000.00 13,858.60 0.00 0.00 B-4 9,975,000.00 6.71000% 9,975,000.00 52,058.42 0.00 0.00 C 4,775.86 0.00000% 4,775.86 0.00 0.00 0.00 P 0.00 0.00000% 0.00 0.00 0.00 0.00 R 100.00 2.25000% 100.00 0.17 0.00 0.00 Totals 190,004,875.86 404,174.62 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 0.00 0.00 225,268.75 0.00 122,497,658.03 M-1 0.00 0.00 38,889.20 0.00 19,380,000.00 M-2 0.00 0.00 29,183.89 0.00 12,065,000.00 M-3 0.00 0.00 17,824.96 0.00 7,030,000.00 B-1 0.00 0.00 15,144.27 0.00 5,320,000.00 B-2 0.00 0.00 11,946.36 0.00 4,085,000.00 B-3 0.00 0.00 13,858.60 0.00 3,420,000.00 B-4 0.00 0.00 52,058.42 0.00 9,975,000.00 C 0.00 0.00 0.00 0.00 1,141,814.28 P 0.00 0.00 85,991.94 0.00 0.00 R 0.00 0.00 0.17 0.00 0.00 Totals 0.00 0.00 490,166.56 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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 128,725,000.00 2.25000% 1000.00000000 1.75000000 0.00000000 0.00000000 M-1 19,380,000.00 2.58000% 1000.00000000 2.00666667 0.00000000 0.00000000 M-2 12,065,000.00 3.11000% 1000.00000000 2.41888852 0.00000000 0.00000000 M-3 7,030,000.00 3.26000% 1000.00000000 2.53555619 0.00000000 0.00000000 B-1 5,320,000.00 3.66000% 1000.00000000 2.84666729 0.00000000 0.00000000 B-2 4,085,000.00 3.76000% 1000.00000000 2.92444553 0.00000000 0.00000000 B-3 3,420,000.00 5.21000% 1000.00000000 4.05222222 0.00000000 0.00000000 B-4 9,975,000.00 6.71000% 1000.00000000 5.21888922 0.00000000 0.00000000 C 4,775.86 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 100.00 2.25000% 1000.00000000 1.70000000 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 0.00000000 0.00000000 1.75000000 0.00000000 951.62290177 M-1 0.00000000 0.00000000 2.00666667 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.41888852 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.53555619 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 2.84666729 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.92444553 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 4.05222222 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 5.21888922 0.00000000 1000.00000000 C 0.00000000 0.00000000 0.00000000 0.00000000 239080.34992651 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 1.70000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,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 6,766,478.16 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 30,694.91 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 6,797,173.07 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 79,564.54 Payment of Interest and Principal 6,717,608.53 Total Withdrawals (Pool Distribution Amount) 6,797,173.07 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 79,168.70 Trustee Fee - Wells Fargo 395.84 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 79,564.54
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 4 0 0 4 173,335.85 0.00 0.00 173,335.85 30 Days 71 0 0 0 71 2,299,822.10 0.00 0.00 0.00 2,299,822.10 60 Days 22 0 0 0 22 862,466.89 0.00 0.00 0.00 862,466.89 90 Days 0 0 1 0 1 0.00 0.00 130,949.33 0.00 130,949.33 120 Days 1 0 0 0 1 18,400.00 0.00 0.00 0.00 18,400.00 150 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 94 4 1 0 99 3,180,688.99 173,335.85 130,949.33 0.00 3,484,974.17 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 0.080955% 0.000000% 0.000000% 0.080955% 0.093683% 0.000000% 0.000000% 0.093683% 30 Days 1.436956% 0.000000% 0.000000% 0.000000% 1.436956% 1.242993% 0.000000% 0.000000% 0.000000% 1.242993% 60 Days 0.445254% 0.000000% 0.000000% 0.000000% 0.445254% 0.466141% 0.000000% 0.000000% 0.000000% 0.466141% 90 Days 0.000000% 0.000000% 0.020239% 0.000000% 0.020239% 0.000000% 0.000000% 0.070775% 0.000000% 0.070775% 120 Days 0.020239% 0.000000% 0.000000% 0.000000% 0.020239% 0.009945% 0.000000% 0.000000% 0.000000% 0.009945% 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 1.902449% 0.080955% 0.020239% 0.000000% 2.003643% 1.719078% 0.093683% 0.070775% 0.000000% 1.883536%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 30,694.91
COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 10.237209% Weighted Average Net Coupon 9.737209% Weighted Average Pass-Through Rate 9.734709% Weighted Average Maturity(Stepdown Calculation ) 243 Beginning Scheduled Collateral Loan Count 5,054 Number Of Loans Paid In Full 113 Ending Scheduled Collateral Loan Count 4,941 Beginning Scheduled Collateral Balance 190,004,875.86 Ending Scheduled Collateral Balance 184,914,472.31 Ending Actual Collateral Balance at 31-Oct-2004 185,022,939.03 Monthly P &I Constant 1,748,070.64 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 127,137.64 Unscheduled Principal 4,963,265.91
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