8-K 1 mlm03a03.txt JULY 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): July 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 Pending 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 July 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 July 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: 8/6/03 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 July 25, 2003 distribution.

Merrill Lynch Mortgage Investors, Inc. Mortgage Pass-Through Certificates Record Date: 56/3130/03 Distribution Date: 67/25/03 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% ~~344~~339,~~168~~700,~~000~~414.0063 1,~~112~~098,~~809~~364.8767 46,~~467~~741,~~585~~055.3711 I-A-IO 589929R34 SEN 1.~~27814~~27661% 0.00 ~~366~~361,~~578~~386.2425 0.00 M-1 589929R42 SUB 5.~~15814~~15661% 4,~~778~~777,~~000~~816.0070 20,~~537~~531.9810 ~~183~~187.3032 M-2 589929R59 SUB 5.~~15814~~15661% 2,~~123~~122,~~000~~918.0056 9,~~125~~122.6055 8183.4423 M-3 589929R67 SUB 5.~~15814~~15661% ~~885~~884,~~000~~966.0005 3,~~804~~802.1385 3334.9570 B-1 589929R75 SUB 5.~~15814~~15661% ~~708~~707,~~000~~972.0084 3,~~043~~042.3028 27.1676 B-2 589929R83 SUB 5.~~15814~~15661% ~~531~~530,~~000~~979.0063 2,~~282~~281.4871 20.3782 B-3 589929R91 SUB 5.~~15814~~15661% 708,~~154~~127.9679 3,~~043~~042.9795 27.1776 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 ~~353~~349,~~901~~433,~~154~~196.9620 1,~~521~~501,~~225~~574.5736 46,~~467~~741,~~958~~436.7670

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 ~~339~~332,~~700~~959,~~414~~359.6352 57,~~580~~839,~~395~~419.2478 0.00 I-A-IO 0.00 0.00 ~~366~~361,~~578~~386.2425 0.00 M-1 0.00 4,777,~~816~~629.7038 20,~~721~~718.2842 0.00 M-2 0.00 2,122,~~918~~835.5632 9,~~207~~205.0478 0.00 M-3 0.00 884,~~966~~931.0535 3,~~838~~837.0855 0.00 B-1 0.00 707,~~972~~945.8408 3,070.4604 0.00 B-2 0.00 530,~~979~~958.6381 2,302.8553 0.00 B-3 0.00 708,~~127~~100.7903 3,~~071~~070.1471 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 ~~349~~342,~~433~~691,~~196~~759.2049 58,~~989~~243,~~184~~011.3306 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 ~~344~~339,~~168~~700,~~000~~414.0063 13,~~203~~318.1850 46,~~454~~727,~~382~~736.1961 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,~~778~~777,~~000~~816.0070 ~~183~~187.3032 0.00 0.00 0.00 M-2 2,123,000.00 2,~~123~~122,~~000~~918.0056 8183.4423 0.00 0.00 0.00 M-3 885,000.00 ~~885~~884,~~000~~966.0005 3334.9570 0.00 0.00 0.00 B-1 708,000.00 ~~708~~707,~~000~~972.0084 27.1676 0.00 0.00 0.00 B-2 531,000.00 ~~531~~530,~~000~~979.0063 20.3782 0.00 0.00 0.00 B-3 708,154.96 708,~~154~~127.9679 27.1776 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 ~~353~~349,~~901~~433,~~154~~196.9620 13,~~576~~700.5709 46,~~454~~727,~~382~~736.1961 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 46,~~467~~741,~~585~~055.3711 ~~339~~332,~~700~~959,~~414~~359.6352 0.~~98701917~~96743265 46,~~467~~741,~~585~~055.3711 I-A-IO 0.00 0.00 0.00000000 0.00 M-1 ~~183~~187.3032 4,777,~~816~~629.7038 0.~~99996164~~99992243 ~~183~~187.3032 M-2 8183.4423 2,122,~~918~~835.5632 0.~~99996164~~99992243 8183.4423 M-3 3334.9570 884,~~966~~931.0535 0.~~99996164~~99992243 3334.9570 B-1 27.1676 707,~~972~~945.8408 0.~~99996164~~99992243 27.1676 B-2 20.3782 530,~~979~~958.6381 0.~~99996164~~99992243 20.3782 B-3 27.1776 708,~~127~~100.7903 0.~~99996163~~99992243 27.1776 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 46,~~467~~741,~~958~~436.7670 ~~349~~342,~~433~~691,~~196~~759.2049 0.~~98737512~~96832620 46,~~467~~741,~~958~~436.7670

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 ~~1000~~987.~~00000000~~01917270 0.~~03836260~~03869767 1219.~~94246470~~54782725 0.00000000 I-A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 4,778,000.00 ~~1000~~999.~~00000000~~96163667 0.~~03836333~~03920469 0.00000000 0.00000000 M-2 2,123,000.00 ~~1000~~999.~~00000000~~96163919 0.~~03836081~~03920396 0.00000000 0.00000000 M-3 885,000.00 ~~1000~~999.~~00000000~~96163842 0.~~03836158~~03920904 0.00000000 0.00000000 B-1 708,000.00 ~~1000~~999.~~00000000~~96163842 0.~~03836158~~03920904 0.00000000 0.00000000 B-2 531,000.00 ~~1000~~999.~~00000000~~96163842 0.~~03836158~~03920904 0.00000000 0.00000000 B-3 708,154.96 ~~1000~~999.~~00000000~~96163269 0.~~03836731~~03920046 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 1219.~~98082730~~58652492 ~~987~~967.~~01917270~~43264778 0.~~98701917~~96743265 1219.~~98082730~~58652492 I-A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 0.~~03836333~~03920469 999.~~96163667~~92243198 0.~~99996164~~99992243 0.~~03836333~~03920469 M-2 0.00000000 0.~~03836081~~03920396 999.~~96163919~~92243052 0.~~99996164~~99992243 0.~~03836081~~03920396 M-3 0.00000000 0.~~03836158~~03920904 999.~~96163842~~92242938 0.~~99996164~~99992243 0.~~03836158~~03920904 B-1 0.00000000 0.~~03836158~~03920904 999.~~96163842~~92242938 0.~~99996164~~99992243 0.~~03836158~~03920904 B-2 0.00000000 0.~~03836158~~03920904 999.~~96163842~~92242938 0.~~99996164~~99992243 0.~~03836158~~03920904 B-3 0.00000000 0.~~03836731~~03920046 999.~~96163269~~92243223 0.~~99996163~~99992243 0.~~03836731~~03920046 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% ~~344~~339,~~168~~700,~~000~~414.0063 1,~~112~~098,~~809~~364.8767 0.00 0.00 I-A-IO 0.00 1.~~27814~~27661% ~~344~~339,~~168~~700,~~000~~414.0063 ~~366~~361,~~578~~386.2425 0.00 0.00 M-1 4,778,000.00 5.~~15814~~15661% 4,~~778~~777,~~000~~816.0070 20,~~537~~531.9810 0.00 0.00 M-2 2,123,000.00 5.~~15814~~15661% 2,~~123~~122,~~000~~918.0056 9,~~125~~122.6055 0.00 0.00 M-3 885,000.00 5.~~15814~~15661% ~~885~~884,~~000~~966.0005 3,~~804~~802.1385 0.00 0.00 B-1 708,000.00 5.~~15814~~15661% ~~708~~707,~~000~~972.0084 3,~~043~~042.3028 0.00 0.00 B-2 531,000.00 5.~~15814~~15661% ~~531~~530,~~000~~979.0063 2,~~282~~281.4871 0.00 0.00 B-3 708,154.96 5.~~15814~~15661% 708,~~154~~127.9679 3,~~043~~042.9795 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,~~521~~501,~~225~~574.5736 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 0.0001 0.00 1,~~112~~098,~~809~~364.8767 0.00 ~~339~~332,~~700~~959,~~414~~359.6352 I-A-IO 0.00 0.00 ~~366~~361,~~578~~386.2425 0.00 ~~339~~332,~~700~~959,~~414~~359.6352 M-1 0.00 0.00 20,~~537~~531.9810 0.00 4,777,~~816~~629.7038 M-2 0.00 0.00 9,~~125~~122.6055 0.00 2,122,~~918~~835.5632 M-3 0.00 0.00 3,~~804~~802.1385 0.00 884,~~966~~931.0535 B-1 0.00 0.00 3,~~043~~042.3028 0.00 707,~~972~~945.8408 B-2 0.00 0.00 2,~~282~~281.4871 0.00 530,~~979~~958.6381 B-3 0.00 0.00 3,~~043~~042.9795 0.00 708,~~127~~100.7903 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 0.0001 0.00 1,~~521~~501,~~225~~574.5736 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% ~~1000~~987.~~00000000~~01917270 3.~~23333334~~19136198 0.00000000 0.00000000 I-A-IO 0.00 1.~~27814~~27661% ~~1000~~987.~~00000000~~01917270 1.~~06511425~~05002862 0.00000000 0.00000000 M-1 4,778,000.00 5.~~15814~~15661% ~~1000~~999.~~00000000~~96163667 4.~~29844705~~29700712 0.00000000 0.00000000 M-2 2,123,000.00 5.~~15814~~15661% ~~1000~~999.~~00000000~~96163919 4.~~29844560~~29700895 0.00000000 0.00000000 M-3 885,000.00 5.~~15814~~15661% ~~1000~~999.~~00000000~~96163842 4.~~29845198~~29700565 0.00000000 0.00000000 B-1 708,000.00 5.~~15814~~15661% ~~1000~~999.~~00000000~~96163842 4.~~29844633~~29700565 0.00000000 0.00000000 B-2 531,000.00 5.~~15814~~15661% ~~1000~~999.~~00000000~~96163842 4.~~29845574~~29700565 0.00000000 0.00000000 B-3 708,154.96 5.~~15814~~15661% ~~1000~~999.~~00000000~~96163269 4.~~29845185~~29701149 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~~00000003 0.00000000 3.~~23333334~~19136198 0.00000000 ~~987~~967.~~01917270~~43264778 I-A-IO 0.00000000 0.00000000 1.~~06511425~~05002862 0.00000000 ~~987~~967.~~01917270~~43264778 M-1 0.00000000 0.00000000 4.~~29844705~~29700712 0.00000000 999.~~96163667~~92243198 M-2 0.00000000 0.00000000 4.~~29844560~~29700895 0.00000000 999.~~96163919~~92243052 M-3 0.00000000 0.00000000 4.~~29845198~~29700565 0.00000000 999.~~96163842~~92242938 B-1 0.00000000 0.00000000 4.~~29844633~~29700565 0.00000000 999.~~96163842~~92242938 B-2 0.00000000 0.00000000 4.~~29845574~~29700565 0.00000000 999.~~96163842~~92242938 B-3 0.00000000 0.00000000 4.~~29845185~~29701149 0.00000000 999.~~96163269~~92243223 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 68,~~056~~296,~~207~~296.0627 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 619,~~762~~568.4492 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 68,~~062~~315,~~969~~865.5019 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 7372,~~785~~854.1713 Payment of Interest and Principal 58,~~989~~243,~~184~~011.3306 Total Withdrawals (Pool Distribution Amount) 68,~~062~~315,~~969~~865.5019 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 7372,~~785~~854.1713 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 7372,~~785~~854.1713

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 36 0 0 0 36 14,~~565~~224,~~375~~854.0842 0.00 0.00 0.00 14,~~565~~224,~~375~~854.0842 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 36 0 0 0 36 14,~~565~~224,~~375~~854.0842 0.00 0.00 0.00 14,~~565~~224,~~375~~854.0842 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.~~373599~~758534% 0.000000% 0.000000% 0.000000% 0.~~373599~~758534% 01.~~447960~~232801% 0.000000% 0.000000% 0.000000% 01.~~447960~~232801% 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.~~373599~~758534% 0.000000% 0.000000% 0.000000% 0.~~373599~~758534% 01.~~447960~~232801% 0.000000% 0.000000% 0.000000% 01.~~447960~~232801%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 619,~~762~~568.4492

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.02825648% 100,000.00 0.~~02861777~~02918074% Fraud 7,078,023.00 1.99999997% 7,078,023.00 2.~~02557258~~06541967% Special Hazard 1,769,506.00 0.50000006% 1,769,506.00 0.~~50639322~~51635499% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~408326~~406796% Weighted Average Net Coupon 5.~~158136~~156605% Weighted Average Pass-Through Rate 5.~~158136~~156605% Weighted Average Maturity(Stepdown Calculation ) ~~355~~354 Beginning Scheduled Collateral Loan Count ~~813~~803 Number Of Loans Paid In Full 1012 Ending Scheduled Collateral Loan Count ~~803~~791 Beginning Scheduled Collateral Balance ~~353~~349,~~901~~433,~~154~~196.9620 Ending Scheduled Collateral Balance ~~349~~342,~~433~~691,~~196~~759.2050 Ending Actual Collateral Balance at 3130-~~May~~Jun-2003 ~~349~~342,~~445~~703,~~294~~574.3312 Monthly P &I Constant 1,~~608~~588,~~587~~128.3357 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 ~~349~~342,~~433~~691,~~196~~759.2050 Scheduled Principal 13,~~576~~700.5709 Unscheduled Principal 46,~~454~~727,~~382~~736.1961

Available Funds $58,~~989~~243,~~184~~010.1797

Filing Compare · MORTGAGE PASS THROUGH CERTIFICATES MLMI SERIES 2003-A3