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: 78/31/03 Distribution Date: 89/25/03 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~~324,~~959~~881,~~359~~380.5272 1,~~076~~050,~~568~~449.5980 820,~~077~~618,~~978~~121.8039 I-A-IO 589929R34 SEN 1.~~27043~~27195% 0.00 ~~352~~344,~~501~~359.7558 0.00 M-1 589929R42 SUB 5.~~15043~~15195% 4,777,~~629~~439.3834 20,~~505~~510.7192 ~~190~~176.0426 M-2 589929R59 SUB 5.~~15043~~15195% 2,122,~~835~~750.3288 9,~~111~~113.2758 8478.4432 M-3 589929R67 SUB 5.~~15043~~15195% 884,~~931~~896.3515 3,~~798~~799.1511 3532.2065 B-1 589929R75 SUB 5.~~15043~~15195% 707,~~945~~916.0892 3,~~038~~039.5229 2826.1612 B-2 589929R83 SUB 5.~~15043~~15195% 530,~~958~~937.8169 2,~~278~~279.8947 2119.1259 B-3 589929R91 SUB 5.~~15043~~15195% 708,~~100~~071.0386 3,039.1896 2826.1712 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~~334,~~691~~613,~~759~~393.4956 1,~~470~~436,~~842~~591.0671 820,~~078~~618,~~365~~480.9345

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 ~~324~~304,~~881~~263,~~380~~259.7233 921,~~154~~668,~~547~~571.3919 0.00 I-A-IO 0.00 0.00 ~~352~~344,~~501~~359.7558 0.00 M-1 0.00 4,777,~~439~~263.3408 20,~~695~~687.7518 0.00 M-2 0.00 2,122,~~750~~672.8857 9,~~195~~191.7190 0.00 M-3 0.00 884,~~896~~863.1550 3,~~833~~831.3576 0.00 B-1 0.00 707,~~916~~890.9280 3,~~066~~065.6841 0.00 B-2 0.00 530,~~937~~918.6910 2,~~300~~299.0106 0.00 B-3 0.00 708,~~071~~045.8674 3,~~067~~066.3508 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~~313,~~613~~994,~~393~~913.5612 922,~~549~~055,~~207~~072.9916 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~~324,~~959~~881,~~359~~380.5272 1311,~~244~~986.4103 820,~~064~~606,~~734~~135.3936 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~~439.3834 ~~190~~176.0426 0.00 0.00 0.00 M-2 2,123,000.00 2,122,~~835~~750.3288 8478.4432 0.00 0.00 0.00 M-3 885,000.00 884,~~931~~896.3515 3532.2065 0.00 0.00 0.00 B-1 708,000.00 707,~~945~~916.0892 2826.1612 0.00 0.00 0.00 B-2 531,000.00 530,~~958~~937.8169 2119.1259 0.00 0.00 0.00 B-3 708,154.96 708,~~100~~071.0386 2826.1712 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~~334,~~691~~613,~~759~~393.4956 1312,~~631~~345.5409 820,~~064~~606,~~734~~135.3936 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 820,~~077~~618,~~978~~121.8039 ~~324~~304,~~881~~263,~~380~~259.7233 0.~~94396161~~88405447 820,~~077~~618,~~978~~121.8039 I-A-IO 0.00 0.00 0.00000000 0.00 M-1 ~~190~~176.0426 4,777,~~439~~263.3408 0.~~99988266~~99984577 ~~190~~176.0426 M-2 8478.4432 2,122,~~750~~672.8857 0.~~99988266~~99984577 8478.4432 M-3 3532.2065 884,~~896~~863.1550 0.~~99988266~~99984576 3532.2065 B-1 2826.1612 707,~~916~~890.9280 0.~~99988266~~99984576 2826.1612 B-2 2119.1259 530,~~937~~918.6910 0.~~99988266~~99984576 2119.1259 B-3 2826.1712 708,~~071~~045.8674 0.~~99988265~~99984577 2826.1712 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 820,~~078~~618,~~365~~480.9345 ~~334~~313,~~613~~994,~~393~~913.5612 0.~~94549958~~88723902 820,~~078~~618,~~365~~480.9345

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~~943.~~43264778~~96161386 0.~~03848240~~03482610 2359.~~43255152~~87231631 0.00000000 I-A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 4,778,000.00 999.~~92243198~~88265802 0.~~03977396~~03688991 0.00000000 0.00000000 M-2 2,123,000.00 999.~~92243052~~88265662 0.~~03977390~~03689119 0.00000000 0.00000000 M-3 885,000.00 999.~~92242938~~88265537 0.~~03977401~~03689266 0.00000000 0.00000000 B-1 708,000.00 999.~~92242938~~88265537 0.~~03977401~~03689266 0.00000000 0.00000000 B-2 531,000.00 999.~~92242938~~88265537 0.~~03977401~~03689266 0.00000000 0.00000000 B-3 708,154.96 999.~~92243223~~88265280 0.~~03977943~~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 2359.~~47103391~~90714241 ~~943~~884.~~96161386~~05447145 0.~~94396161~~88405447 2359.~~47103391~~90714241 I-A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 0.~~03977396~~03688991 999.~~88265802~~84576810 0.~~99988266~~99984577 0.~~03977396~~03688991 M-2 0.00000000 0.~~03977390~~03689119 999.~~88265662~~84577014 0.~~99988266~~99984577 0.~~03977390~~03689119 M-3 0.00000000 0.~~03977401~~03689266 999.~~88265537~~84576271 0.~~99988266~~99984576 0.~~03977401~~03689266 B-1 0.00000000 0.~~03977401~~03689266 999.~~88265537~~84576271 0.~~99988266~~99984576 0.~~03977401~~03689266 B-2 0.00000000 0.~~03977401~~03689266 999.~~88265537~~84576271 0.~~99988266~~99984576 0.~~03977401~~03689266 B-3 0.00000000 0.~~03977943~~03688458 999.~~88265280~~84576822 0.~~99988265~~99984577 0.~~03977943~~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% ~~332~~324,~~959~~881,~~359~~380.5272 1,~~076~~050,~~568~~449.6080 0.00 0.00 I-A-IO 0.00 1.~~27043~~27195% ~~332~~324,~~959~~881,~~359~~380.5272 ~~352~~344,~~501~~359.7658 0.00 0.00 M-1 4,778,000.00 5.~~15043~~15195% 4,777,~~629~~439.3834 20,~~505~~510.7192 0.00 0.00 M-2 2,123,000.00 5.~~15043~~15195% 2,122,~~835~~750.3288 9,~~111~~113.2758 0.00 0.00 M-3 885,000.00 5.~~15043~~15195% 884,~~931~~896.3515 3,~~798~~799.1511 0.00 0.00 B-1 708,000.00 5.~~15043~~15195% 707,~~945~~916.0892 3,~~038~~039.5229 0.00 0.00 B-2 531,000.00 5.~~15043~~15195% 530,~~958~~937.8169 2,~~278~~279.8947 0.00 0.00 B-3 708,154.96 5.~~15043~~15195% 708,~~100~~071.0386 3,039.1896 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~~436,~~842~~591.0871 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 0.0100 0.00 1,~~076~~050,~~568~~449.5980 0.00 ~~324~~304,~~881~~263,~~380~~259.7233 I-A-IO 0.00 0.00 ~~352~~344,~~501~~359.7558 0.00 ~~324~~304,~~881~~263,~~380~~259.7233 M-1 0.00 0.00 20,~~505~~510.7192 0.00 4,777,~~439~~263.3408 M-2 0.00 0.00 9,~~111~~113.2758 0.00 2,122,~~750~~672.8857 M-3 0.00 0.00 3,~~798~~799.1511 0.00 884,~~896~~863.1550 B-1 0.00 0.00 3,~~038~~039.5229 0.00 707,~~916~~890.9280 B-2 0.00 0.00 2,~~278~~279.8947 0.00 530,~~937~~918.6910 B-3 0.00 0.00 3,039.1896 0.00 708,~~071~~045.8674 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 0.0100 0.00 1,~~470~~436,~~842~~591.0671 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~~943.~~43264778~~96161386 3.~~12803224~~05214256 0.00000000 0.00000000 I-A-IO 0.00 1.~~27043~~27195% ~~967~~943.~~43264778~~96161386 1.~~02421422~~00055665 0.00000000 0.00000000 M-1 4,778,000.00 5.~~15043~~15195% 999.~~92243198~~88265802 4.~~29169318~~29278359 0.00000000 0.00000000 M-2 2,123,000.00 5.~~15043~~15195% 999.~~92243052~~88265662 4.~~29169571~~29278380 0.00000000 0.00000000 M-3 885,000.00 5.~~15043~~15195% 999.~~92242938~~88265537 4.~~29169492~~29277966 0.00000000 0.00000000 B-1 708,000.00 5.~~15043~~15195% 999.~~92242938~~88265537 4.~~29169492~~29278249 0.00000000 0.00000000 B-2 531,000.00 5.~~15043~~15195% 999.~~92242938~~88265537 4.~~29169492~~29278719 0.00000000 0.00000000 B-3 708,154.96 5.~~15043~~15195% 999.~~92243223~~88265280 4.~~29168780~~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.~~00000003~~00000000 0.00000000 3.~~12803221~~05214256 0.00000000 ~~943~~884.~~96161386~~05447145 I-A-IO 0.00000000 0.00000000 1.~~02421419~~00055665 0.00000000 ~~943~~884.~~96161386~~05447145 M-1 0.00000000 0.00000000 4.~~29169318~~29278359 0.00000000 999.~~88265802~~84576810 M-2 0.00000000 0.00000000 4.~~29169571~~29278380 0.00000000 999.~~88265662~~84577014 M-3 0.00000000 0.00000000 4.~~29169492~~29277966 0.00000000 999.~~88265537~~84576271 B-1 0.00000000 0.00000000 4.~~29169492~~29278249 0.00000000 999.~~88265537~~84576271 B-2 0.00000000 0.00000000 4.~~29169492~~29278719 0.00000000 999.~~88265537~~84576271 B-3 0.00000000 0.00000000 4.~~29168780~~29278925 0.00000000 999.~~88265280~~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 922,~~600~~101,~~408~~893.5964 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2022,~~229~~925.9189 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 922,~~620~~124,~~638~~819.5053 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 7169,~~430~~747.5137 Payment of Interest and Principal 922,~~549~~055,~~207~~072.9916 Total Withdrawals (Pool Distribution Amount) 922,~~620~~124,~~638~~819.5053 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 7169,~~430~~747.5137 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 7169,~~430~~747.5137

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 01 0 0 01 0322,162.00 0.00 0.00 0322,162.00 30 Days 68 0 0 0 68 43,~~039~~292,~~506~~080.9409 0.00 0.00 0.00 43,~~039~~292,~~506~~080.9409 60 Days 1 0 0 0 1 ~~340~~1,758,000.00 0.00 0.00 0.00 ~~340~~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 79 01 0 0 710 45,~~379~~050,~~506~~080.9409 0322,162.00 0.00 0.00 45,~~379~~372,~~506~~242.9409 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~~136240% 0.000000% 0.000000% 0.~~000000~~136240% 0.~~000000~~102598% 0.000000% 0.000000% 0.~~000000~~102598% 30 Days 01.~~778210~~089918% 0.000000% 0.000000% 0.000000% 01.~~778210~~089918% 1.~~207177~~048417% 0.000000% 0.000000% 0.000000% 1.~~207177~~048417% 60 Days 0.~~129702~~136240% 0.000000% 0.000000% 0.000000% 0.~~129702~~136240% 0.~~101606~~559864% 0.000000% 0.000000% 0.000000% 0.~~101606~~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 01.~~907912~~226158% 0.~~000000~~136240% 0.000000% 0.000000% 01.~~907912~~362398% 1.~~308783~~608281% 0.~~000000~~102598% 0.000000% 0.000000% 1.~~308783~~710878%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2022,~~229~~925.9189

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.02825648% 100,000.00 0.~~02988524~~03184765% Fraud 7,078,023.00 1.99999997% 7,078,023.00 2.~~11528383~~25418397% Special Hazard 1,769,506.00 0.50000006% 1,769,506.00 0.~~52882103~~56354607% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~400559~~402075% Weighted Average Net Coupon 5.~~150432~~151945% Weighted Average Pass-Through Rate 5.~~150432~~151945% Weighted Average Maturity(Stepdown Calculation ) ~~353~~352 Beginning Scheduled Collateral Loan Count ~~791~~771 Number Of Loans Paid In Full 2037 Ending Scheduled Collateral Loan Count ~~771~~734 Beginning Scheduled Collateral Balance ~~342~~334,~~691~~613,~~759~~393.5057 Ending Scheduled Collateral Balance ~~334~~313,~~613~~994,~~393~~913.5713 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2003 ~~334~~314,~~624~~004,~~367~~903.8019 Monthly P &I Constant 1,~~555~~518,~~904~~684.1117 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~~313,~~613~~994,~~393~~913.5713 Scheduled Principal 1312,~~631~~345.5408 Unscheduled Principal 820,~~064~~606,~~734~~135.3936

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