8-K 1 mlc0300c_dec.txt DECEMBER 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): December 26, 2003 MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Pass-Through Certificates, Series 2003-C Trust (Exact name of registrant as specified in its charter) 54-6553617 New York (governing law of 333-103927-03 54-2116912 Pooling and Servicing Agreement) (Commission 54-2116913 (State or other File Number) 54-2116914 jurisdiction 54-2116915 of Incorporation) 54-2116916 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 December 26, 2003 a distribution was made to holders of MERRILL LYNCH MORTGAGE INVESTORS, INC., Mortgage Pass-Through Certificates, Series 2003-C 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-C Trust, relating to the December 26, 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-C Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/8/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-C Trust, relating to the December 26, 2003 distribution. EX-99.1

Merrill Lynch Mortgage Investors, Inc. Mortgage Pass-Through Certificates Record Date: 911/30/03 Distribution Date: 1012/2726/03 MLC Series: 2003-C 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-1 589929S41 SEN 1.~~45000~~44875% ~~746~~728,~~144~~375,~~571~~025.5171 ~~901~~879,~~591~~361.3610 128,~~039~~507,~~759~~432.3292 A-2 589929T73 SEN 1.34000% ~~196~~191,~~770~~414,~~450~~876.3386 ~~219~~213,~~727~~746.0061 32,~~850~~167,~~537~~337.8575 A-R 589929S74 SEN 2.~~65163~~65171% 0.00 2.2017 0.00 XA-1 589929S58 SEN 1.~~42731~~39681% 0.00 ~~560~~535,~~763~~320.6185 0.00 XA-2 589929T81 SEN 1.00000% 0.00 ~~362~~336,~~996~~948.2533 0.00 X-A-3 589929T99 SEN 0.~~50338~~51761% 0.00 ~~197~~198,~~767~~372.3651 0.00 X-B 589929S66 SEN 0.~~62218~~59207% 0.00 11,~~984~~404.6973 0.00 B-1 589929S82 SUB 1.~~77000~~76875% 10,552,500.00 15,~~564~~553.9495 0.00 B-2 589929S90 SUB 2.~~62000~~61875% 8,040,000.00 17,~~554~~545.0063 0.00 B-3 589929T24 SUB 2.~~62000~~61875% 4,522,500.00 9,~~874~~869.1341 0.00 B-4 589929T32 SUB 2.~~85413~~82278% 2,512,500.00 5,~~975~~910.8419 0.00 B-5 589929T40 SUB 2.~~85413~~82278% 2,010,000.00 4,~~780~~728.6715 0.00 B-6 589929T57 SUB 2.~~85413~~82278% 3,517,500.00 8,~~366~~274.1826 0.00 Totals ~~974~~950,~~070~~944,~~021~~902.8457 2,~~316~~237,~~948~~037.2389 1510,~~890~~674,~~297~~770.1767

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~734~~719,~~104~~867,~~812~~592.1979 129,~~941~~386,~~350~~794.6802 0.00 A-2 0.00 ~~192~~189,~~919~~247,~~912~~539.4811 42,~~070~~381,~~264~~084.8536 0.00 A-R 0.00 0.00 2.2017 0.00 XA-1 0.00 0.00 ~~560~~535,~~763~~320.6185 0.00 XA-2 0.00 0.00 ~~362~~336,~~996~~948.2533 0.00 X-A-3 0.00 0.00 ~~197~~198,~~767~~372.3651 0.00 X-B 0.00 0.00 11,~~984~~404.6973 0.00 B-1 0.00 10,552,500.00 15,~~564~~553.9495 0.00 B-2 0.00 8,040,000.00 17,~~554~~545.0063 0.00 B-3 0.00 4,522,500.00 9,~~874~~869.1341 0.00 B-4 0.00 2,512,500.00 5,~~975~~910.8419 0.00 B-5 0.00 2,010,000.00 4,~~780~~728.6715 0.00 B-6 0.00 3,517,500.00 8,~~366~~274.1826 0.00 Totals 0.00 ~~958~~940,~~179~~270,~~724~~131.6790 1812,~~207~~911,~~245~~808.4056 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-1 773,795,000.00 ~~746~~728,~~144~~375,~~571~~025.5171 24.4923 128,~~039~~507,~~756~~428.8369 0.00 0.00 A-2 200,001,600.00 ~~196~~191,~~770~~414,~~450~~876.3386 01.0149 32,~~850~~167,~~537~~336.8426 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 XA-1 0.00 0.00 0.00 0.00 0.00 0.00 XA-2 0.00 0.00 0.00 0.00 0.00 0.00 X-A-3 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 10,552,500.00 10,552,500.00 0.00 0.00 0.00 0.00 B-2 8,040,000.00 8,040,000.00 0.00 0.00 0.00 0.00 B-3 4,522,500.00 4,522,500.00 0.00 0.00 0.00 0.00 B-4 2,512,500.00 2,512,500.00 0.00 0.00 0.00 0.00 B-5 2,010,000.00 2,010,000.00 0.00 0.00 0.00 0.00 B-6 3,517,500.00 3,517,500.00 0.00 0.00 0.00 0.00 Totals 1,004,951,700.00 ~~974~~950,~~070~~944,~~021~~902.8457 25.5072 1510,~~890~~674,~~294~~764.6795 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-1 128,~~039~~507,~~759~~432.3292 ~~734~~719,~~104~~867,~~812~~592.1979 0.~~94870710~~93030789 128,~~039~~507,~~759~~432.3292 A-2 32,~~850~~167,~~537~~337.8575 ~~192~~189,~~919~~247,~~912~~539.4811 0.~~96459185~~94623013 32,~~850~~167,~~537~~337.8575 A-R 0.00 0.00 0.00000000 0.00 XA-1 0.00 0.00 0.00000000 0.00 XA-2 0.00 0.00 0.00000000 0.00 X-A-3 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-1 0.00 10,552,500.00 1.00000000 0.00 B-2 0.00 8,040,000.00 1.00000000 0.00 B-3 0.00 4,522,500.00 1.00000000 0.00 B-4 0.00 2,512,500.00 1.00000000 0.00 B-5 0.00 2,010,000.00 1.00000000 0.00 B-6 0.00 3,517,500.00 1.00000000 0.00 Totals 1510,~~890~~674,~~297~~770.1767 ~~958~~940,~~179~~270,~~724~~131.6790 0.~~95345848~~93563714 1510,~~890~~674,~~297~~770.1767

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 773,795,000.00 ~~964~~941.~~26646788~~30231613 0.~~00000322~~00000547 1510.~~55936240~~99442189 0.00000000 A-2 200,001,600.00 ~~983~~957.~~84438089~~06672777 0.~~00000005~~00000745 1910.~~25253518~~83659461 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 XA-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 XA-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-A-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 10,552,500.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 8,040,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 4,522,500.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 2,512,500.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 2,010,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 3,517,500.00 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-1 0.00000000 1510.~~55936562~~99442736 ~~948~~930.~~70710226~~30788877 0.~~94870710~~93030789 1510.~~55936562~~99442736 A-2 0.00000000 1910.~~25253523~~83660206 ~~964~~946.~~59184567~~23012571 0.~~96459185~~94623013 1910.~~25253523~~83660206 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 XA-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 XA-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A-3 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, 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-1 773,795,000.00 1.~~45000~~44875% ~~746~~728,~~144~~375,~~571~~025.5171 ~~901~~879,~~591~~361.3610 0.00 0.00 A-2 200,001,600.00 1.34000% ~~196~~191,~~770~~414,~~450~~876.3386 ~~219~~213,~~727~~746.0061 0.00 0.00 A-R 100.00 2.~~65163~~65171% 0.00 0.00 0.00 0.00 XA-1 0.00 1.~~42731~~39681% ~~471~~459,~~457~~894,~~510~~951.9228 ~~560~~535,~~763~~320.6185 0.00 0.00 XA-2 0.00 1.00000% ~~435~~404,~~595~~338,~~500~~000.00 ~~362~~336,~~996~~948.2533 0.00 0.00 X-A-3 0.00 0.~~50338~~51761% ~~471~~459,~~457~~894,~~510~~951.9228 ~~197~~198,~~767~~372.3651 0.00 0.00 X-B 0.00 0.~~62218~~59207% 23,115,000.00 11,~~984~~404.6973 0.00 0.00 B-1 10,552,500.00 1.~~77000~~76875% 10,552,500.00 15,~~564~~553.9495 0.00 0.00 B-2 8,040,000.00 2.~~62000~~61875% 8,040,000.00 17,~~554~~545.0063 0.00 0.00 B-3 4,522,500.00 2.~~62000~~61875% 4,522,500.00 9,~~874~~869.1341 0.00 0.00 B-4 2,512,500.00 2.~~85413~~82278% 2,512,500.00 5,~~975~~910.8419 0.00 0.00 B-5 2,010,000.00 2.~~85413~~82278% 2,010,000.00 4,~~780~~728.6715 0.00 0.00 B-6 3,517,500.00 2.~~85413~~82278% 3,517,500.00 8,~~366~~274.1826 0.00 0.00 Totals 1,004,951,700.00 2,~~316~~237,~~946~~035.0372 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-1 0.00 0.00 ~~901~~879,~~591~~361.3610 0.00 ~~734~~719,~~104~~867,~~812~~592.1979 A-2 0.00 0.00 ~~219~~213,~~727~~746.0061 0.00 ~~192~~189,~~919~~247,~~912~~539.4811 A-R 0.00 0.00 2.2017 0.00 0.00 XA-1 0.00 0.00 ~~560~~535,~~763~~320.6185 0.00 ~~463~~454,~~512~~557,~~362~~565.3495 XA-2 0.00 0.00 ~~362~~336,~~996~~948.2533 0.00 ~~419~~389,~~686~~531,~~500~~000.00 X-A-3 0.00 0.00 ~~197~~198,~~767~~372.3651 0.00 ~~463~~454,~~512~~557,~~362~~565.3495 X-B 0.00 0.00 11,~~984~~404.6973 0.00 23,115,000.00 B-1 0.00 0.00 15,~~564~~553.9495 0.00 10,552,500.00 B-2 0.00 0.00 17,~~554~~545.0063 0.00 8,040,000.00 B-3 0.00 0.00 9,~~874~~869.1341 0.00 4,522,500.00 B-4 0.00 0.00 5,~~975~~910.8419 0.00 2,512,500.00 B-5 0.00 0.00 4,~~780~~728.6715 0.00 2,010,000.00 B-6 0.00 0.00 8,~~366~~274.1826 0.00 3,517,500.00 Totals 0.00 0.00 2,~~316~~237,~~948~~037.2389 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-1 773,795,000.00 1.~~45000~~44875% ~~964~~941.~~26646788~~30231613 1.~~16515532~~13642644 0.00000000 0.00000000 A-2 200,001,600.00 1.34000% ~~983~~957.~~84438089~~06672777 1.~~09862621~~06872450 0.00000000 0.00000000 A-R 100.00 2.~~65163~~65171% 0.00000000 0.00000000 0.00000000 0.00000000 XA-1 0.00 1.~~42731~~39681% ~~968~~944.~~28744508~~54006366 1.~~15170583~~09945106 0.00000000 0.00000000 XA-2 0.00 1.00000% ~~894~~830.~~63343782~~43625332 0.~~74552786~~69203020 0.00000000 0.00000000 X-A-3 0.00 0.~~50338~~51761% ~~968~~944.~~28744508~~54006366 0.~~40617796~~40742083 0.00000000 0.00000000 X-B 0.00 0.~~62218~~59207% 1000.00000000 0.~~51848107~~49339087 0.00000000 0.00000000 B-1 10,552,500.00 1.~~77000~~76875% 1000.00000000 1.~~47500024~~47395878 0.00000000 0.00000000 B-2 8,040,000.00 2.~~62000~~61875% 1000.00000000 2.~~18333333~~18229229 0.00000000 0.00000000 B-3 4,522,500.00 2.~~62000~~61875% 1000.00000000 2.~~18333444~~18229077 0.00000000 0.00000000 B-4 2,512,500.00 2.~~85413~~82278% 1000.00000000 2.~~37844378~~35231443 0.00000000 0.00000000 B-5 2,010,000.00 2.~~85413~~82278% 1000.00000000 2.~~37844279~~35231343 0.00000000 0.00000000 B-6 3,517,500.00 2.~~85413~~82278% 1000.00000000 2.~~37844492~~35231272 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-1 0.00000000 0.00000000 1.~~16515532~~13642644 0.00000000 ~~948~~930.~~70710226~~30788877 A-2 0.00000000 0.00000000 1.~~09862621~~06872450 0.00000000 ~~964~~946.~~59184567~~23012571 A-R 0.00000000 0.00000000 2221.~~00000000~~70000000 0.00000000 0.00000000 XA-1 0.00000000 0.00000000 1.~~15170583~~09945106 0.00000000 ~~951~~933.~~96956395~~57805100 XA-2 0.00000000 0.00000000 0.~~74552786~~69203020 0.00000000 ~~861~~800.~~95926336~~02538518 X-A-3 0.00000000 0.00000000 0.~~40617796~~40742083 0.00000000 ~~951~~933.~~96956395~~57805100 X-B 0.00000000 0.00000000 0.~~51848107~~49339087 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 1.~~47500024~~47395878 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.~~18333333~~18229229 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.~~18333444~~18229077 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.~~37844378~~35231443 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.~~37844279~~35231343 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.~~37844492~~35231272 0.00000000 1000.00000000 (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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage X-A-1-1 1.~~39007~~36239% ~~373~~364,~~072~~187,~~285~~512.7685 ~~367~~359,~~052~~933,~~406~~796.1039 0.00 0.00 9493.~~87071023~~03078888% X-A-1-2 1.~~56855~~52779% 9895,~~385~~707,~~225~~438.1743 9694,~~459~~623,~~956~~769.2456 0.00 0.00 9694.~~45918457~~62301258% X-A2-1 1.00000% ~~346~~321,~~131~~294,~~500~~000.00 ~~333~~309,~~490~~528,000.00 0.00 0.00 8680.~~19595629~~00258466% X-A2-2 1.00000% 8983,~~464~~044,000.00 8680,~~196~~003,~~500~~000.00 0.00 0.00 8680.~~19581043~~00235998% X-A3-1 0.~~46228~~48017% ~~373~~364,~~072~~187,~~285~~512.7685 ~~367~~359,~~052~~933,~~406~~796.1039 0.00 0.00 9493.~~87071023~~03078888% X-A3-2 0.~~65922~~66010% 9895,~~385~~707,~~225~~438.1743 9694,~~459~~623,~~956~~769.2456 0.00 0.00 9694.~~45918457~~62301258% X-1B 1.~~08413~~05403% 10,552,500.00 10,552,500.00 0.00 0.00 100.00000000% X-2B 0.~~23413~~20403% 8,040,000.00 8,040,000.00 0.00 0.00 100.00000000% X-3B 0.~~23413~~20403% 4,522,500.00 4,522,500.00 0.00 0.00 100.00000000%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1813,~~410~~109,~~176~~922.8427 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1813,~~410~~109,~~176~~922.8427 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~202~~198,~~931~~113.4471 Payment of Interest and Principal 1812,~~207~~911,~~245~~808.4056 Total Withdrawals (Pool Distribution Amount) 1813,~~410~~109,~~176~~922.8427 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~202~~198,~~931~~113.4471 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~202~~198,~~931~~113.4471

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 1423 0 0 0 1423 79,~~760~~847,~~086~~155.2154 0.00 0.00 0.00 79,~~760~~847,~~086~~155.2154 60 Days 03 0 0 0 03 01,261,847.0055 0.00 0.00 0.00 01,261,847.0055 90 Days 10 0 0 0 10 ~~1,000,000~~0.00 0.00 0.00 0.00 ~~1,000,000~~0.00 120 Days 10 0 0 0 10 ~~600,750~~0.00 0.00 0.00 0.00 ~~600,750~~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 1626 0 0 0 1626 911,~~360~~109,~~836~~003.2109 0.00 0.00 0.00 911,~~360~~109,~~836~~003.2109 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.~~568182~~950021% 0.000000% 0.000000% 0.000000% 0.~~568182~~950021% 01.~~809877~~047268% 0.000000% 0.000000% 0.000000% 01.~~809877~~047268% 60 Days 0.~~000000~~123916% 0.000000% 0.000000% 0.000000% 0.~~000000~~123916% 0.~~000000~~134200% 0.000000% 0.000000% 0.000000% 0.~~000000~~134200% 90 Days 0.~~040584~~000000% 0.000000% 0.000000% 0.000000% 0.~~040584~~000000% 0.~~104364~~000000% 0.000000% 0.000000% 0.000000% 0.~~104364~~000000% 120 Days 0.~~040584~~000000% 0.000000% 0.000000% 0.000000% 0.~~040584~~000000% 0.~~062697~~000000% 0.000000% 0.000000% 0.000000% 0.~~062697~~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.~~649351~~073936% 0.000000% 0.000000% 0.000000% 01.~~649351~~073936% 01.~~976939~~181468% 0.000000% 0.000000% 0.000000% 01.~~976939~~181468%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group One 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 918 0 0 0 918 37,~~816~~655,~~964~~502.5704 0.00 0.00 0.00 37,~~816~~655,~~964~~502.5704 60 Days 02 0 0 0 02 0515,317.00 0.00 0.00 0.00 0515,317.00 90 Days 10 0 0 0 10 ~~1,000,000~~0.00 0.00 0.00 0.00 ~~1,000,000~~0.00 120 Days 10 0 0 0 10 ~~600,750~~0.00 0.00 0.00 0.00 ~~600,750~~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 1120 0 0 0 1120 58,~~417~~170,~~714~~819.5704 0.00 0.00 0.00 58,~~417~~170,~~714~~819.5704 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~464876~~945875% 0.000000% 0.000000% 0.000000% 0.~~464876~~945875% 01.~~502987~~028105% 0.000000% 0.000000% 0.000000% 01.~~502987~~028105% 60 Days 0.~~000000~~105097% 0.000000% 0.000000% 0.000000% 0.~~000000~~105097% 0.~~000000~~069205% 0.000000% 0.000000% 0.000000% 0.~~000000~~069205% 90 Days 0.~~051653~~000000% 0.000000% 0.000000% 0.000000% 0.~~051653~~000000% 0.~~131777~~000000% 0.000000% 0.000000% 0.000000% 0.~~131777~~000000% 120 Days 0.~~051653~~000000% 0.000000% 0.000000% 0.000000% 0.~~051653~~000000% 0.~~079165~~000000% 0.000000% 0.000000% 0.000000% 0.~~079165~~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.~~568182~~050972% 0.000000% 0.000000% 0.000000% 01.~~568182~~050972% 01.~~713928~~097310% 0.000000% 0.000000% 0.000000% 01.~~713928~~097310% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group Two 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 5 0 0 0 5 32,~~943~~191,~~121~~653.6450 0.00 0.00 0.00 32,~~943~~191,~~121~~653.6450 60 Days 01 0 0 0 01 0746,530.0055 0.00 0.00 0.00 0746,530.0055 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 56 0 0 0 56 32,~~943~~938,~~121~~184.6405 0.00 0.00 0.00 32,~~943~~938,~~121~~184.6405 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~946970~~965251% 0.000000% 0.000000% 0.000000% 0.~~946970~~965251% 1.~~978280~~120200% 0.000000% 0.000000% 0.000000% 1.~~978280~~120200% 60 Days 0.~~000000~~193050% 0.000000% 0.000000% 0.000000% 0.~~000000~~193050% 0.~~000000~~381568% 0.000000% 0.000000% 0.000000% 0.~~000000~~381568% 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.~~946970~~158301% 0.000000% 0.000000% 0.000000% 01.~~946970~~158301% 1.~~978280~~501768% 0.000000% 0.000000% 0.000000% 1.~~978280~~501768%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2226,~~399~~289.7818

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.00995073% 100,000.00 0.~~01043645~~01063523% Fraud 20,099,052.46 2.00000184% 20,099,052.46 2.~~09762663~~13758069% Special Hazard 10,900,000.00 1.08462924% 10,~~900~~899,~~000~~999.0098 1.~~13757255~~15924019% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 3.~~104300~~072922% Weighted Average Net Coupon 2.~~854300~~822922% Weighted Average Pass-Through Rate 2.~~854300~~822922% Weighted Average Maturity(Stepdown Calculation ) ~~293~~291 Beginning Scheduled Collateral Loan Count 2,~~499~~440 Number Of Loans Paid In Full 3519 Ending Scheduled Collateral Loan Count 2,~~464~~421 Beginning Scheduled Collateral Balance ~~974~~950,~~070~~945,~~944~~825.8255 Ending Scheduled Collateral Balance ~~958~~940,~~180~~271,~~647~~054.6588 Ending Actual Collateral Balance at 30-~~Sep~~Nov-2003 ~~958~~940,~~180~~271,~~647~~055.8307 Monthly P &I Constant 2,~~519~~435,~~843~~157.1532 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 ~~958~~940,~~180~~271,~~647~~054.6588 Scheduled Principal 25.5072 Unscheduled Principal 1510,~~890~~674,~~294~~764.6795

Group Level Collateral Statement Group Group One Group Two Total Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM Fixed & Mixed ARM Weighted Average Coupon Rate 3.~~090004~~061137 3.~~158546~~117787 3.~~104300~~072922 Weighted Average Net Rate 2.~~840004~~811137 2.~~908546~~867787 2.~~854300~~822922 Weighted Average Maturity ~~293~~291 ~~293~~291 ~~293~~291 Beginning Loan Count 1,~~961~~916 ~~538~~524 2,~~499~~440 Loans Paid In Full 2513 106 3519 Ending Loan Count 1,~~936~~903 ~~528~~518 2,~~464~~421 Beginning Scheduled Balance ~~770~~753,~~899~~130,~~702~~156.2545 ~~203~~197,~~171~~815,~~242~~669.5710 ~~974~~950,~~070~~945,~~944~~825.8255 Ending scheduled Balance ~~758~~744,~~859~~622,~~942~~723.9353 ~~199~~195,~~320~~648,~~704~~331.7235 ~~958~~940,~~180~~271,~~647~~054.6588 Record Date 0911/30/2003 0911/30/2003 0911/30/2003 Principal And Interest Constant 1,~~985~~921,~~071~~199.6495 ~~534~~513,~~771~~957.5137 2,~~519~~435,~~843~~157.1532 Scheduled Principal 24.4923 01.0149 25.5072 Unscheduled Principal 128,~~039~~507,~~756~~428.8369 32,~~850~~167,~~537~~336.8426 1510,~~890~~674,~~294~~764.6795 Scheduled Interest 1,~~985~~921,~~069~~195.1572 ~~534~~513,~~771~~955.5088 2,~~519~~435,~~840~~151.6560 Servicing Fees ~~160~~156,~~604~~902.1011 4241,~~327~~211.3460 ~~202~~198,~~931~~113.4471 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 1,~~824~~764,~~465~~293.0561 ~~492~~472,~~444~~744.1628 2,~~316~~237,~~909~~037.2189 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.000000 0.000000 0.000000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 2.~~840004~~811137 2.~~908546~~867787 2.~~854300~~822922

Miscellaneous Reporting Group Group One Group 1 One Month Libor Loan Balances ~~269~~262,~~285~~830,~~038~~835.8794 Group 1 Six Month Libor Loan Balances ~~489~~481,~~574~~791,~~904~~887.0659 ProRata Senior Percentage 96.~~788800~~713034% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Group Group Two Group 2 Six Month Libor Loan Balances ~~199~~195,~~320~~648,~~704~~331.7235 ProRata Senior Percentage 96.~~849558~~764264% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%

Filing Compare · MERRILL LYNCH MORTGAGE INVESTORS INC TRUST SER MLCC 2003-C