8-K 1 mlm03wm2.txt SEPTEMBER 8K 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 Loan Asset-Backed Certificates, Series 2003-WM2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-101760-04 54-2105550 Pooling and Servicing Agreement) (Commission 54-2105551 (State or other File Number) 54-6540606 jurisdiction IRS EIN 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 Loan Asset-Backed Certificates, Series 2003-WM2 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 Loan Asset-Backed Certificates, Series 2003-WM2 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 Loan Asset-Backed Certificates, Series 2003-WM2 Trust By: Wells Fargo Bank Minnesota, N.A., as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 10/2/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2003-WM2 Trust, relating to the September 25, 2003 distribution. EX-99.1

Merrill Lynch Mortgage Loans, Inc. Mortgage Loan Asset-Backed Certificates Record Date: 78/31/03 Distribution Date: 89/25/03 MLM Series: 2003-~~WMC2~~WM2 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 R 589929Q68 SEN 1.~~50000~~51000% 0.00 0.00 0.00 A1 589929L97 SEN 1.~~50000~~51000% ~~285~~277,~~798~~140,~~086~~904.2524 ~~369~~360,~~155~~360.8616 8,657,~~182~~671.0155 A2 589929M21 SEN 1.~~44000~~45000% ~~294~~287,~~254~~409,~~466~~403.3822 ~~364~~358,~~875~~862.5457 68,~~845~~168,~~063~~950.1694 M1 589929M39 SUB 1.~~95000~~96000% 54,878,000.00 92,~~149~~621.3187 0.00 M2 589929M47 SUB 3.~~00000~~01000% 39,737,000.00 102,~~653~~996.9210 0.00 B1 589929M54 SUB 3.~~95000~~96000% 18,923,000.00 64,~~364~~527.4843 0.00 B2 589929M62 SUB 4.~~10000~~11000% 11,353,000.00 40,~~082~~180.4016 0.00 N 589929Q76 SUB 8.50000% 4036,~~291~~920,~~166~~098.9945 ~~294~~270,~~908~~234.9661 3,~~371~~276,~~068~~911.5391 X 589929Q84 SUB 0.00000% 18,922,432.90 0.00 0.00 Totals ~~764~~745,~~157~~283,~~152~~838.5281 1,~~328~~289,~~190~~782.4790 1820,~~873~~103,~~313~~534.7040

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses R 0.00 0.00 0.00 0.00 A1 0.00 ~~277~~268,~~140~~483,~~904~~232.2469 9,~~026~~018,~~337~~031.8771 0.00 A2 0.00 ~~287~~279,~~409~~240,~~403~~452.2228 78,~~209~~527,~~938~~813.7051 0.00 M1 0.00 54,878,000.00 92,~~149~~621.3187 0.00 M2 0.00 39,737,000.00 102,~~653~~996.9210 0.00 B1 0.00 18,923,000.00 64,~~364~~527.4843 0.00 B2 0.00 11,353,000.00 40,~~082~~180.4016 0.00 N 0.00 3633,~~920~~643,~~098~~186.4554 3,~~665~~547,~~977~~146.4952 0.00 X 0.00 18,922,432.90 0.00 0.00 Totals 0.00 ~~745~~725,~~283~~180,~~838~~304.8141 2021,~~201~~393,~~504~~317.1730 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) R 100.00 0.00 0.00 0.00 0.00 0.00 A1 300,000,000.00 ~~285~~277,~~798~~140,~~086~~904.2524 0.00 8,657,~~182~~671.0155 0.00 0.00 A2 313,083,000.00 ~~294~~287,~~254~~409,~~466~~403.3822 0.00 68,~~845~~168,~~063~~950.1694 0.00 0.00 M1 54,878,000.00 54,878,000.00 0.00 0.00 0.00 0.00 M2 39,737,000.00 39,737,000.00 0.00 0.00 0.00 0.00 B1 18,923,000.00 18,923,000.00 0.00 0.00 0.00 0.00 B2 11,353,000.00 11,353,000.00 0.00 0.00 0.00 0.00 N 53,500,000.00 4036,~~291~~920,~~166~~098.9945 0.00 0.00 0.00 0.00 X 18,923,216.00 18,922,432.90 0.00 0.00 0.00 0.00 Totals 810,397,316.00 ~~764~~745,~~157~~283,~~152~~838.5281 0.00 1516,~~502~~826,~~245~~622.1749 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 R 0.00 0.00 0.00000000 0.00 A1 8,657,~~182~~671.0155 ~~277~~268,~~140~~483,~~904~~232.2469 0.~~92380301~~89494411 8,657,~~182~~671.0155 A2 68,~~845~~168,~~063~~950.1694 ~~287~~279,~~409~~240,~~403~~452.2228 0.~~91799747~~89190551 68,~~845~~168,~~063~~950.1694 M1 0.00 54,878,000.00 1.00000000 0.00 M2 0.00 39,737,000.00 1.00000000 0.00 B1 0.00 18,923,000.00 1.00000000 0.00 B2 0.00 11,353,000.00 1.00000000 0.00 N 3,~~371~~276,~~068~~911.5391 3633,~~920~~643,~~098~~186.4554 0.~~69009530~~62884461 3,~~371~~276,~~068~~911.5391 X 0.00 18,922,432.90 0.99995862 0.00 Totals 1820,~~873~~103,~~313~~534.7040 ~~745~~725,~~283~~180,~~838~~304.8141 0.~~91965240~~89484539 1820,~~873~~103,~~313~~534.7040

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 A1 300,000,000.00 ~~952~~923.~~66028750~~80301413 0.00000000 28.~~85727337~~85890517 0.00000000 A2 313,083,000.00 ~~939~~917.~~86088794~~99747422 0.00000000 2126.~~86341373~~09196584 0.00000000 M1 54,878,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 39,737,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 18,923,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 11,353,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 N 53,500,000.00 ~~753~~690.~~10592505~~09529813 0.00000000 0.00000000 0.00000000 X 18,923,216.00 999.95861697 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 0.00000000 28.~~85727337~~85890517 ~~923~~894.~~80301413~~94410897 0.~~92380301~~89494411 28.~~85727337~~85890517 A2 0.00000000 2126.~~86341373~~09196584 ~~917~~891.~~99747422~~90550838 0.~~91799747~~89190551 2126.~~86341373~~09196584 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 N 0.00000000 6361.~~01062673~~25068991 ~~690~~628.~~09529813~~84460822 0.~~69009530~~62884461 6361.~~01062673~~25068991 X 0.00000000 0.00000000 999.95861697 0.99995862 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 R 100.00 1.~~50000~~51000% 0.00 0.00 0.00 0.00 A1 300,000,000.00 1.~~50000~~51000% ~~285~~277,~~798~~140,~~086~~904.2524 ~~369~~360,~~155~~360.8616 0.00 0.00 A2 313,083,000.00 1.~~44000~~45000% ~~294~~287,~~254~~409,~~466~~403.3822 ~~364~~358,~~875~~862.5457 0.00 0.00 M1 54,878,000.00 1.~~95000~~96000% 54,878,000.00 92,~~149~~621.3187 0.00 0.00 M2 39,737,000.00 3.~~00000~~01000% 39,737,000.00 102,~~653~~996.9210 0.00 0.00 B1 18,923,000.00 3.~~95000~~96000% 18,923,000.00 64,~~364~~527.4843 0.00 0.00 B2 11,353,000.00 4.~~10000~~11000% 11,353,000.00 40,~~082~~180.4016 0.00 0.00 N 53,500,000.00 8.50000% 4036,~~291~~920,~~166~~098.9945 ~~294~~270,~~908~~234.9661 0.00 0.00 X 18,923,216.00 0.00000% 18,922,432.90 0.00 0.00 0.00 Totals 810,397,316.00 1,~~328~~289,~~190~~782.4790 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 R 0.00 0.00 0.00 0.00 0.00 A1 0.00 0.00 ~~369~~360,~~155~~360.8616 0.00 ~~277~~268,~~140~~483,~~904~~232.2469 A2 0.00 0.00 ~~364~~358,~~875~~862.5457 0.00 ~~287~~279,~~409~~240,~~403~~452.2228 M1 0.00 0.00 92,~~149~~621.3187 0.00 54,878,000.00 M2 0.00 0.00 102,~~653~~996.9210 0.00 39,737,000.00 B1 0.00 0.00 64,~~364~~527.4843 0.00 18,923,000.00 B2 0.00 0.00 40,~~082~~180.4016 0.00 11,353,000.00 N 0.00 0.00 ~~294~~270,~~908~~234.9661 0.00 3633,~~920~~643,~~098~~186.4554 X 0.00 0.00 0.00 0.00 18,922,432.90 Totals 0.00 0.00 1,~~328~~289,~~190~~782.4790 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 R 100.00 1.~~50000~~51000% 0.00000000 0.00000000 0.00000000 0.00000000 A1 300,000,000.00 1.~~50000~~51000% ~~952~~923.~~66028750~~80301413 1.~~23051953~~20120053 0.00000000 0.00000000 A2 313,083,000.00 1.~~44000~~45000% ~~939~~917.~~86088794~~99747422 1.~~16542751~~14622183 0.00000000 0.00000000 M1 54,878,000.00 1.~~95000~~96000% 1000.00000000 1.~~67916670~~68777780 0.00000000 0.00000000 M2 39,737,000.00 3.~~00000~~01000% 1000.00000000 2.~~58333342~~59194454 0.00000000 0.00000000 B1 18,923,000.00 3.~~95000~~96000% 1000.00000000 3.~~40138879~~41000000 0.00000000 0.00000000 B2 11,353,000.00 4.~~10000~~11000% 1000.00000000 3.~~53055580~~53916674 0.00000000 0.00000000 N 53,500,000.00 8.50000% ~~753~~690.~~10592505~~09529813 5.~~51231701~~05111421 0.00000000 0.00000000 X 18,923,216.00 0.00000% 999.95861697 0.00000000 0.00000000 0.00000000 (5) Per $1 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 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 0.00000000 0.00000000 1.~~23051953~~20120053 0.00000000 ~~923~~894.~~80301413~~94410897 A2 0.00000000 0.00000000 1.~~16542751~~14622183 0.00000000 ~~917~~891.~~99747422~~90550838 M1 0.00000000 0.00000000 1.~~67916670~~68777780 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~58333342~~59194454 0.00000000 1000.00000000 B1 0.00000000 0.00000000 3.~~40138879~~41000000 0.00000000 1000.00000000 B2 0.00000000 0.00000000 3.~~53055580~~53916674 0.00000000 1000.00000000 N 0.00000000 0.00000000 5.~~51231701~~05111421 0.00000000 ~~690~~628.~~09529813~~84460822 X 0.00000000 0.00000000 0.00000000 0.00000000 999.95861697 (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 2021,~~149~~369,~~012~~712.0026 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~176~~217,~~863~~241.0582 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties ~~306~~277,~~297~~629.7600 Total Deposits 2021,~~632~~864,~~172~~583.8108 Withdrawals Reimbursement for Servicer Advances ~~129~~176,~~494~~863.8105 Payment of Service Fee ~~301~~294,~~173~~402.8373 Payment of Interest and Principal 2021,~~201~~393,~~504~~317.1730 Total Withdrawals (Pool Distribution Amount) 2021,~~632~~864,~~172~~583.8108 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~301~~294,~~173~~402.8373 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~301~~294,~~173~~402.8373

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 9087 13 0 0 9190 1311,~~673~~568,~~155~~925.1757 32506,~~902~~594.5669 0.00 0.00 1312,~~706~~075,~~057~~520.7326 60 Days 2649 1 0 0 2750 48,~~372~~309,~~270~~105.8606 6732,~~720~~902.0556 0.00 0.00 48,~~439~~342,~~990~~007.9162 90 Days 2110 34 157 0 3921 21,~~236~~071,~~712~~578.5697 ~~600~~675,~~103~~503.3631 31,~~174~~887,~~503~~284.1205 0.00 63,~~011~~634,~~319~~366.0433 120 Days 07 02 011 0 020 0611,921.0045 0130,549.0029 02,090,161.0072 0.00 02,832,632.0046 150 Days 07 0 06 0 013 0584,469.0096 0.00 01,282,649.0020 0.00 01,867,119.0016 180+ Days 02 0 01 0 03 0288,700.0066 0.00 0524,916.0032 0.00 0813,616.0098 Totals ~~137~~162 510 1525 0 ~~157~~197 2022,~~282~~434,~~138~~701.5967 ~~700~~1,~~725~~345,549.9785 35,~~174~~785,~~503~~011.1229 0.00 2429,~~157~~565,~~367~~262.6881 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 2.~~049180~~025140% 0.~~022769~~069832% 0.000000% 0.000000% 2.~~071949~~094972% 1.~~930245~~672929% 0.~~004645~~073256% 0.000000% 0.000000% 1.~~934890~~746185% 60 Days 01.~~591985~~140596% 0.~~022769~~023277% 0.000000% 0.000000% 01.~~614754~~163873% 01.~~617235~~201541% 0.~~009560~~004758% 0.000000% 0.000000% 01.~~626795~~206299% 90 Days 0.~~478142~~232775% 0.~~068306~~093110% 0.~~341530~~162942% 0.000000% 0.~~887978~~488827% 0.~~315758~~154956% 0.~~084717~~097681% 0.~~448146~~272911% 0.000000% 0.~~848620~~525549% 120 Days 0.~~000000~~162942% 0.~~000000~~046555% 0.~~000000~~256052% 0.000000% 0.~~000000~~465549% 0.~~000000~~088487% 0.~~000000~~018878% 0.~~000000~~302249% 0.000000% 0.~~000000~~409614% 150 Days 0.~~000000~~162942% 0.000000% 0.~~000000~~139665% 0.000000% 0.~~000000~~302607% 0.~~000000~~084518% 0.000000% 0.~~000000~~185478% 0.000000% 0.~~000000~~269996% 180+ Days 0.~~000000~~046555% 0.000000% 0.~~000000~~023277% 0.000000% 0.~~000000~~069832% 0.~~000000~~041748% 0.000000% 0.~~000000~~075906% 0.000000% 0.~~000000~~117653% Totals 3.~~119308~~770950% 0.~~113843~~232775% 0.~~341530~~581937% 0.000000% 34.~~574681~~585661% 23.~~863238~~244179% 0.~~098922~~194574% 0.~~448146~~836544% 0.000000% 34.~~410306~~275297%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~176~~217,~~863~~241.0582

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~781775~~764602% Weighted Average Net Coupon 7.~~282499~~265870% Weighted Average Pass-Through Rate 7.~~282499~~265870% Weighted Average Maturity(Stepdown Calculation ) 1 Beginning Scheduled Collateral Loan Count 4,~~481~~392 Number Of Loans Paid In Full 8996 Ending Scheduled Collateral Loan Count 4,~~392~~296 Beginning Scheduled Collateral Balance ~~723~~708,~~865~~363,~~985~~740.5336 Ending Scheduled Collateral Balance ~~708~~691,~~363~~537,~~740~~117.3687 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2003 ~~708~~691,~~363~~537,~~740~~117.3687 Monthly P &I Constant 5,~~275~~164,~~708~~262.9888 Special Servicing Fee 0.00 Prepayment Penalties ~~306~~277,~~297~~629.7600 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~708~~691,~~363~~537,~~740~~117.3687 Scheduled Principal ~~571~~563,~~032~~405.92 Unscheduled Principal 1416,~~931~~263,~~212~~216.2557 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 18,922,432.90 Overcollateralized Amount 18,922,432.90 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 3,~~665~~547,~~977~~146.4952

Group Level Collateral Statement Group Group A Group A Group B Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 9.~~333939~~319169 7.~~530743~~525885 8.~~268070~~269003 Weighted Average Net Rate 8.~~833939~~827587 7.~~030743~~025885 7.~~768070~~772248 Weighted Average Maturity (56) (56) (56) Beginning Loan Count 1,~~041~~015 1,~~479~~448 ~~603~~598 Loans Paid In Full 2620 3135 519 Ending Loan Count ~~1,015~~995 1,~~448~~413 ~~598~~579 Beginning Scheduled Balance 8179,~~269~~189,~~175~~221.3545 ~~274~~268,~~902~~325,~~484~~255.1099 7271,~~444~~467,~~529~~646.5861 Ending scheduled Balance 7977,~~189~~561,~~221~~072.4540 ~~268~~261,~~325~~295,~~255~~733.9949 7168,~~467~~887,~~646~~578.6192 Record Date 0708/31/2003 0708/31/2003 0708/31/2003 Principal And Interest Constant ~~687~~669,~~830~~373.3008 1,~~941~~896,~~596~~028.0731 ~~564~~557,~~568~~628.4258 Scheduled Principal 5554,~~695~~391.6966 ~~216~~213,~~412~~207.8246 65,~~421~~156.4177 Unscheduled Principal 21,~~024~~573,~~258~~757.2139 6,~~360~~816,~~815~~315.2904 ~~911~~2,~~461~~514,910.5692 Scheduled Interest ~~632~~614,~~134~~981.6142 1,~~725~~682,~~183~~820.2585 ~~499~~492,~~147~~471.0181 Servicing Fees 3332,~~862~~439.1797 ~~114~~111,~~542~~802.6917 3029,~~185~~584.2291 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest ~~598~~582,~~272~~541.4445 1,~~610~~571,~~640~~018.5668 ~~468~~462,~~961~~886.7990 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 8.~~833939~~827587 7.~~030743~~025885 7.~~768070~~772248

Group Level Collateral Statement Group Group B Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.~~511786~~508077 7.~~781775~~764602 Weighted Average Net Rate 7.~~011787~~008077 7.~~282499~~265870 Weighted Average Maturity (56) 1 Beginning Loan Count 1,~~358~~331 4,~~481~~392 Loans Paid In Full 2722 8996 Ending Loan Count 1,~~331~~309 4,~~392~~296 Beginning Scheduled Balance ~~295~~289,~~249~~381,~~796~~616.5031 ~~723~~708,~~865~~363,~~985~~740.5336 Ending scheduled Balance ~~289~~283,~~381~~792,~~616~~733.3106 ~~708~~691,~~363~~537,~~740~~117.3687 Record Date 0708/31/2003 0708/31/2003 Principal And Interest Constant 2,~~081~~041,~~714~~232.1991 5,~~275~~164,~~708~~262.9888 Scheduled Principal ~~233~~230,~~503~~650.0003 ~~571~~563,~~032~~405.92 Unscheduled Principal 5,~~634~~358,~~677~~233.1922 1416,~~931~~263,~~212~~216.2557 Scheduled Interest 1,~~848~~810,~~211~~582.1988 4,~~704~~600,~~676~~856.0696 Servicing Fees ~~123~~120,~~020~~575.7468 ~~301~~294,~~610~~402.8273 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 1,~~725~~690,~~190~~007.4520 4,~~403~~306,~~065~~454.2423 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 7.~~011786~~008077 7.~~282499~~265870

Filing Compare · MERRILL LYNCH MORT INVEST INC MORT LN AS BA CERT SE 03 WMC2