8-K 1 mlc0300d.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-D Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-103927-04 54-2121762 Pooling and Servicing Agreement) (Commission 54-2121763 (State or other File Number) 54-2121764 jurisdiction 54-2121766 of Incorporation) 54-6553630 IRS EIN 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-D 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-D 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-D 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 Pass-Through Certificates, Series 2003-D Trust, relating to the September 25, 2003 distribution. EX-99.1

Merrill Lynch Mortgage Investors, Inc. Mortgage Pass-Through Certificates Record Date: 78/31/03 Distribution Date: 89/25/03 MLC Series: 2003-D 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 A 589929V21 SEN 1.~~41000~~42000% ~~992~~990,~~833~~909,~~000~~495.0068 1,~~011~~172,~~034~~576.9424 16,~~923~~258,~~504~~069.3272 A-R 589929V54 SEN 2.~~91455~~86513% ~~100~~0.00 ~~155,544~~0.1002 ~~100~~0.00 X-A-1 589929V39 SEN 1.00000% 0.00 ~~827~~797,~~360~~253.8319 0.00 X-A-2 589929W46 SEN 0.~~50455~~49119% 0.00 ~~417~~405,~~447~~605.0247 0.00 X-B 589929V47 SEN 10.~~00542~~66383% 0.00 1913,~~744~~036.8555 0.00 B-1 589929V62 SUB 1.~~73000~~74000% 10,758,000.00 1315,~~441~~599.5210 0.00 B-2 589929V70 SUB 2.~~60000~~61000% 8,197,000.00 1517,~~392~~828.1448 0.00 B-3 589929V88 SUB 2.~~60000~~61000% 4,611,000.00 810,~~658~~028.4393 0.00 B-4 589929V96 SUB 2.~~91455~~87667% 2,561,000.00 6,~~220~~139.1430 0.00 B-5 589929W20 SUB 2.~~91455~~87667% 2,049,000.00 4,~~976~~911.6092 0.00 B-6 589929W38 SUB 2.~~91455~~87667% 3,587,000.00 8,~~712~~598.0885 0.00 Totals 1,~~024~~022,~~596~~672,~~100~~495.0068 2,~~488~~451,~~532~~578.6505 16,~~923~~258,~~604~~069.3272

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~990~~984,~~909~~651,~~495~~425.6896 27,~~934~~430,~~539~~645.2696 0.00 A-R 0.00 0.00 ~~155,644~~0.1002 0.00 X-A-1 0.00 0.00 ~~827~~797,~~360~~253.8319 0.00 X-A-2 0.00 0.00 ~~417~~405,~~447~~605.0247 0.00 X-B 0.00 0.00 1913,~~744~~036.8555 0.00 B-1 0.00 10,758,000.00 1315,~~441~~599.5210 0.00 B-2 0.00 8,197,000.00 1517,~~392~~828.1448 0.00 B-3 0.00 4,611,000.00 810,~~658~~028.4393 0.00 B-4 0.00 2,561,000.00 6,~~220~~139.1430 0.00 B-5 0.00 2,049,000.00 4,~~976~~911.6092 0.00 B-6 0.00 3,587,000.00 8,~~712~~598.0885 0.00 Totals 0.00 1,~~022~~016,~~672~~414,~~495~~425.6896 48,~~412~~709,~~136~~647.9777 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 992,833,000.00 ~~992~~990,~~833~~909,~~000~~495.0068 0.1506 16,~~923~~258,~~504~~069.1766 0.00 0.00 A-R 100.00 ~~100~~0.00 0.00 ~~100~~0.00 0.00 0.00 X-A-1 0.00 0.00 0.00 0.00 0.00 0.00 X-A-2 0.00 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 B-1 10,758,000.00 10,758,000.00 0.00 0.00 0.00 0.00 B-2 8,197,000.00 8,197,000.00 0.00 0.00 0.00 0.00 B-3 4,611,000.00 4,611,000.00 0.00 0.00 0.00 0.00 B-4 2,561,000.00 2,561,000.00 0.00 0.00 0.00 0.00 B-5 2,049,000.00 2,049,000.00 0.00 0.00 0.00 0.00 B-6 3,587,000.00 3,587,000.00 0.00 0.00 0.00 0.00 Totals 1,024,596,100.00 1,~~024~~022,~~596~~672,~~100~~495.0068 0.1506 16,~~923~~258,~~604~~069.1766 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 16,~~923~~258,~~504~~069.3272 ~~990~~984,~~909~~651,~~495~~425.6896 0.~~99806261~~99175937 16,~~923~~258,~~504~~069.3272 A-R ~~100~~0.00 0.00 0.00000000 ~~100~~0.00 X-A-1 0.00 0.00 0.00000000 0.00 X-A-2 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-1 0.00 10,758,000.00 1.00000000 0.00 B-2 0.00 8,197,000.00 1.00000000 0.00 B-3 0.00 4,611,000.00 1.00000000 0.00 B-4 0.00 2,561,000.00 1.00000000 0.00 B-5 0.00 2,049,000.00 1.00000000 0.00 B-6 0.00 3,587,000.00 1.00000000 0.00 Totals 16,~~923~~258,~~604~~069.3272 1,~~022~~016,~~672~~414,~~495~~425.6896 0.~~99812257~~99201473 16,~~923~~258,~~604~~069.3272

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 992,833,000.00 ~~1000~~998.~~00000000~~06261041 0.~~00000015~~00000006 16.~~93738944~~30324502 0.00000000 A-R 100.00 ~~1000~~0.00000000 0.00000000 ~~1000~~0.00000000 0.00000000 X-A-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 10,758,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 8,197,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 4,611,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 2,561,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 2,049,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 3,587,000.00 1000.00000000 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 A 0.00000000 16.~~93738959~~30324508 ~~998~~991.~~06261041~~75936533 0.~~99806261~~99175937 16.~~93738959~~30324508 A-R 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 X-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 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 B-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1,000.00000000 1.00000000 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 A 992,833,000.00 1.~~41000~~42000% ~~992~~990,~~833~~909,~~000~~495.0068 1,~~011~~172,~~034~~576.9424 0.00 0.00 A-R 100.00 2.~~91455~~86513% ~~100~~0.00 0.2400 0.00 0.00 X-A-1 0.00 1.00000% ~~992~~956,~~833~~703,~~000~~831.0010 ~~827~~797,~~360~~253.8319 0.00 0.00 X-A-2 0.00 0.~~50455~~49119% ~~992~~990,~~833~~909,~~000~~495.0068 ~~417~~405,~~447~~605.0247 0.00 0.00 X-B 0.00 10.~~00542~~66383% 23,566,000.00 1913,~~744~~036.8555 0.00 0.00 B-1 10,758,000.00 1.~~73000~~74000% 10,758,000.00 1315,~~441~~599.5210 0.00 0.00 B-2 8,197,000.00 2.~~60000~~61000% 8,197,000.00 1517,~~392~~828.1448 0.00 0.00 B-3 4,611,000.00 2.~~60000~~61000% 4,611,000.00 810,~~658~~028.4393 0.00 0.00 B-4 2,561,000.00 2.~~91455~~87667% 2,561,000.00 6,~~220~~139.1430 0.00 0.00 B-5 2,049,000.00 2.~~91455~~87667% 2,049,000.00 4,~~976~~911.6092 0.00 0.00 B-6 3,587,000.00 2.~~91455~~87667% 3,587,000.00 8,~~712~~598.0885 0.00 0.00 Totals 1,024,596,100.00 2,~~332~~451,~~988~~578.7903 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 1,~~011~~172,~~034~~576.9424 0.00 ~~990~~984,~~909~~651,~~495~~425.6896 A-R 0.00 0.00 ~~155,544~~0.1002 0.00 0.00 X-A-1 0.00 0.00 ~~827~~797,~~360~~253.8319 0.00 ~~956~~921,~~703~~848,~~831~~644.1005 X-A-2 0.00 0.00 ~~417~~405,~~447~~605.0247 0.00 ~~990~~984,~~909~~651,~~495~~425.6896 X-B 0.00 0.00 1913,~~744~~036.8555 0.00 23,566,000.00 B-1 0.00 0.00 1315,~~441~~599.5210 0.00 10,758,000.00 B-2 0.00 0.00 1517,~~392~~828.1448 0.00 8,197,000.00 B-3 0.00 0.00 810,~~658~~028.4393 0.00 4,611,000.00 B-4 0.00 0.00 6,~~220~~139.1430 0.00 2,561,000.00 B-5 0.00 0.00 4,~~976~~911.6092 0.00 2,049,000.00 B-6 0.00 0.00 8,~~712~~598.0885 0.00 3,587,000.00 Totals 0.00 0.00 2,~~488~~451,~~532~~578.6505 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 A 992,833,000.00 1.~~41000~~42000% ~~1000~~998.~~00000000~~06261041 1.~~01833334~~18104076 0.00000000 0.00000000 A-R 100.00 2.~~91455~~86513% ~~1000~~0.00000000 20.~~40000000~~00000000 0.00000000 0.00000000 X-A-1 0.00 1.00000% ~~1000~~963.~~00000000~~61002414 0.~~83333333~~80300835 0.00000000 0.00000000 X-A-2 0.00 0.~~50455~~49119% ~~1000~~998.~~00000000~~06261041 0.~~42046046~~40853343 0.00000000 0.00000000 X-B 0.00 10.~~00542~~66383% 1000.00000000 0.~~83785326~~55319316 0.00000000 0.00000000 B-1 10,758,000.00 1.~~73000~~74000% 1000.00000000 1.~~24944413~~45000000 0.00000000 0.00000000 B-2 8,197,000.00 2.~~60000~~61000% 1000.00000000 12.~~87777724~~17500061 0.00000000 0.00000000 B-3 4,611,000.00 2.~~60000~~61000% 1000.00000000 12.~~87777705~~17500108 0.00000000 0.00000000 B-4 2,561,000.00 2.~~91455~~87667% 1000.00000000 2.~~42879344~~39722765 0.00000000 0.00000000 B-5 2,049,000.00 2.~~91455~~87667% 1000.00000000 2.~~42879453~~39722792 0.00000000 0.00000000 B-6 3,587,000.00 2.~~91455~~87667% 1000.00000000 2.~~42879286~~39722609 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.~~01833334~~18104076 0.00000000 ~~998~~991.~~06261041~~75936533 A-R 0.00000000 0.00000000 ~~1555441~~0.~~00000000~~20000000 0.00000000 0.00000000 X-A-1 0.00000000 0.00000000 0.~~83333333~~80300835 0.00000000 ~~963~~928.~~61002414~~50322668 X-A-2 0.00000000 0.00000000 0.~~42046046~~40853343 0.00000000 ~~998~~991.~~06261041~~75936533 X-B 0.00000000 0.00000000 0.~~83785326~~55319316 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 1.~~24944413~~45000000 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 12.~~87777724~~17500061 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 12.~~87777705~~17500108 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.~~42879344~~39722765 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.~~42879453~~39722792 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.~~42879286~~39722609 0.00000000 1000.00000000 (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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage X-B-1 1.~~41522~~13667% 10,758,000.00 10,758,000.00 0.00 0.00 100.00000000% X-B-2 0.~~66122~~26667% 8,197,000.00 8,197,000.00 0.00 0.00 100.00000000% X-B-3 0.~~66122~~26667% 4,611,000.00 4,611,000.00 0.00 0.00 100.00000000%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 48,~~625~~847,~~041~~831.6777 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~552~~74,872.8277 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 48,~~625~~922,~~594~~704.4954 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 213,~~457~~056.5277 Payment of Interest and Principal 48,~~412~~709,~~136~~647.9777 Total Withdrawals (Pool Distribution Amount) 48,~~625~~922,~~594~~704.4954 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 213,~~457~~056.5277 Master Servicing Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 213,~~457~~056.5277

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 268 0 0 0 268 ~~242~~30,~~101~~198,967.4534 0.00 0.00 0.00 ~~242~~30,~~101~~198,967.4534 60 Days 01 0 0 0 01 0966,222.00 0.00 0.00 0.00 0966,222.00 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 269 0 0 0 269 ~~242~~31,~~101~~165,189.4534 0.00 0.00 0.00 ~~242~~31,~~101~~165,189.4534 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 02.~~070200~~394366% 0.000000% 0.000000% 0.000000% 02.~~070200~~394366% 02.~~023673~~971127% 0.000000% 0.000000% 0.000000% 02.~~023673~~971127% 60 Days 0.~~000000~~035211% 0.000000% 0.000000% 0.000000% 0.~~000000~~035211% 0.~~000000~~095062% 0.000000% 0.000000% 0.000000% 0.~~000000~~095062% 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 02.~~070200~~429577% 0.000000% 0.000000% 0.000000% 02.~~070200~~429577% 03.~~023673~~066189% 0.000000% 0.000000% 0.000000% 03.~~023673~~066189%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~552~~74,872.8277

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.00975994% 100,000.00 0.~~00977830~~00983851% Fraud 20,491,922.00 2.00000000% 20,491,922.00 2.~~00376190~~01609907% Special Hazard 10,563,713.00 1.03101242% 10,~~563~~509,~~713~~561.0022 1.~~03295170~~03398386% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.~~164553~~126672% Weighted Average Net Coupon 2.~~914553~~876672% Weighted Average Pass-Through Rate 2.~~914553~~876672% Weighted Average Maturity(Stepdown Calculation ) ~~298~~297 Beginning Scheduled Collateral Loan Count 2,~~852~~849 Number Of Loans Paid In Full 39 Ending Scheduled Collateral Loan Count 2,~~849~~840 Beginning Scheduled Collateral Balance 1,~~024~~022,~~596~~672,~~100~~505.0066 Ending Scheduled Collateral Balance 1,~~022~~016,~~672~~414,~~505~~435.6694 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2003 1,~~022~~016,~~672~~414,~~505~~435.7988 Monthly P &I Constant 2,~~701~~664,~~990~~634.3587 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 1,~~022~~016,~~672~~414,~~505~~435.6694 Scheduled Principal 0.1506 Unscheduled Principal 16,~~923~~258,~~604~~069.1766

Miscellaneous Reporting Balances of One-Month LIBOR Loans ~~250~~248,~~102~~168,~~121~~253.4701 Balances of Six-Month LIBOR Loans ~~772~~768,~~570~~246,~~384~~182.1993 Pro Rata Senior Percentage 96.~~899948~~894117% Subordinate Percentage 30.~~100052~~031059% Senior Prepayment Percentage 100.000000% Subordinate Prepayment Percentage 0.000000%

Filing Compare · MERRILL LYNCH MORT INVESTORS INC TRUST SERIES MLCC 2003-D