8-K 1 mlm04wm1.txt MAY 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): May 25, 2004 MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Loan Asset Backed Certificates, Series 2004-WMC1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106175-13 54-2144775 Pooling and Servicing Agreement) (Commission 54-2144776 (State or other File Number) 54-2144777 jurisdiction 54-6601019 of Incorporation) 54-6601020 54-6601021 IRS EIN c/o Wells Fargo Bank, 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 May 25, 2004 a distribution was made to holders of MERRILL LYNCH MORTGAGE INVESTORS, INC., Mortgage Loan Asset Backed Certificates, Series 2004-WMC1 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 2004-WMC1 Trust, relating to the May 25, 2004 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 2004-WM1 Trust By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 5/26/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset Backed Certificates, Series 2004-WM1 Trust, relating to the May 25, 2004 distribution. EX-99.1

Merrill Lynch Mortgage Loans, Inc. Mortgage Loan Asset- Backed Certificates Record Date: 24/2930/~~2004~~04 Distribution Date: 35/25/~~2004~~04 MLM Series: 2004-~~WMC1~~WM1 Contact: Customer Service - CTSLink Wells Fargo Bank, 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 5899297R3 RES 1.~~48000~~49000% 0.00 0.00 0.00 A-1 5899297F9 SEN 1.~~48000~~49000% ~~392~~369,~~956~~436,~~799~~097.8966 ~~468~~443,~~491~~425.8393 916,~~451~~333,~~050~~570.5285 A-2 5899297G7 SEN 1.~~39000~~40000% ~~265~~243,~~163~~681,~~368~~800.6165 ~~296~~274,~~909~~818.3292 912,~~628~~152,~~097~~668.5351 M-1 5899297J1 MEZ 1.~~64000~~65000% 58,657,000.00 77,~~492~~964.4193 0.00 M-2 5899297K8 MEZ 2.~~19000~~20000% 43,993,000.00 77,~~610~~965.9837 0.00 M-3 5899297L6 MEZ 2.~~39000~~40000% 13,826,000.00 26,~~618~~730.8927 0.00 B-1 5899297M4 SUB 2.~~69000~~70000% 12,569,000.00 27,~~236~~337.3257 0.00 B-2 5899297N2 SUB 2.~~79000~~80000% 11,312,000.00 25,~~423~~514.7284 0.00 B-3 5899297P7 SUB 34.~~99000~~00000% 10,893,000.00 35,~~011~~099.9267 0.00 B-4 5899297Q5 SUB 4.~~09000~~10000% 11,312,000.00 37,~~269~~361.9002 0.00 C 5899297S1 SEN 0.00000% 5,027,759.18 2,~~873~~702,~~654~~123.8015 0.00 P 5899297T9 SEN 0.00000% 0.00 ~~238~~473,~~929~~359.9634 0.00 S 5899297H5 SEN 0.~~91000~~90000% 0.00 ~~601~~562,~~605~~367.6292 0.00 Totals ~~825~~780,~~709~~707,~~927~~657.6849 4,~~786~~764,~~255~~068.6793 1928,~~079~~486,~~148~~239.0536

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 A-1 0.00 ~~383~~353,~~505~~102,~~749~~526.3781 916,~~919~~776,~~542~~996.3578 0.00 A-2 0.00 ~~255~~231,~~535~~529,~~271~~132.0814 912,~~925~~427,~~006~~487.8543 0.00 M-1 0.00 58,657,000.00 77,~~492~~964.4193 0.00 M-2 0.00 43,993,000.00 77,~~610~~965.9837 0.00 M-3 0.00 13,826,000.00 26,~~618~~730.8927 0.00 B-1 0.00 12,569,000.00 27,~~236~~337.3257 0.00 B-2 0.00 11,312,000.00 25,~~423~~514.7284 0.00 B-3 0.00 10,893,000.00 35,~~011~~099.9267 0.00 B-4 0.00 11,312,000.00 37,~~269~~361.9002 0.00 C 0.00 5,027,759.18 2,~~873~~702,~~654~~123.8015 0.00 P 0.00 0.00 ~~238~~473,~~929~~359.9634 0.00 S 0.00 0.00 ~~601~~562,~~605~~367.6292 0.00 Totals 0.00 ~~806~~752,~~630~~221,~~779~~418.6313 2333,~~865~~250,~~403~~308.7229 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 A-1 401,601,000.00 ~~392~~369,~~956~~436,~~799~~097.8966 0.00 916,~~451~~333,~~050~~570.5285 0.00 0.00 A-2 268,767,000.00 ~~265~~243,~~163~~681,~~368~~800.6165 0.00 912,~~628~~152,~~097~~668.5351 0.00 0.00 M-1 58,657,000.00 58,657,000.00 0.00 0.00 0.00 0.00 M-2 43,993,000.00 43,993,000.00 0.00 0.00 0.00 0.00 M-3 13,826,000.00 13,826,000.00 0.00 0.00 0.00 0.00 B-1 12,569,000.00 12,569,000.00 0.00 0.00 0.00 0.00 B-2 11,312,000.00 11,312,000.00 0.00 0.00 0.00 0.00 B-3 10,893,000.00 10,893,000.00 0.00 0.00 0.00 0.00 B-4 11,312,000.00 11,312,000.00 0.00 0.00 0.00 0.00 C 5,029,763.08 5,027,759.18 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 S 0.00 0.00 0.00 0.00 0.00 0.00 Totals 837,959,863.08 ~~825~~780,~~709~~707,~~927~~657.6849 0.00 1928,~~079~~486,~~148~~239.0536 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 A-1 916,~~451~~333,~~050~~570.5285 ~~383~~353,~~505~~102,~~749~~526.3781 0.~~95494222~~87923717 916,~~451~~333,~~050~~570.5285 A-2 912,~~628~~152,~~097~~668.5351 ~~255~~231,~~535~~529,~~271~~132.0814 0.~~95076877~~86144926 912,~~628~~152,~~097~~668.5351 M-1 0.00 58,657,000.00 1.00000000 0.00 M-2 0.00 43,993,000.00 1.00000000 0.00 M-3 0.00 13,826,000.00 1.00000000 0.00 B-1 0.00 12,569,000.00 1.00000000 0.00 B-2 0.00 11,312,000.00 1.00000000 0.00 B-3 0.00 10,893,000.00 1.00000000 0.00 B-4 0.00 11,312,000.00 1.00000000 0.00 C 0.00 5,027,759.18 0.99960159 0.00 P 0.00 0.00 0.00000000 0.00 S 0.00 0.00 0.00000000 0.00 Totals 1928,~~079~~486,~~148~~239.0536 ~~806~~752,~~630~~221,~~779~~418.6313 0.~~96261267~~89768192 1928,~~079~~486,~~148~~239.0536

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 A-1 401,601,000.00 ~~978~~919.~~47565093~~90831113 0.00000000 2340.~~53343373~~67114088 0.00000000 A-2 268,767,000.00 ~~986~~906.~~59198715~~66562729 0.00000000 3545.~~82321315~~21637147 0.00000000 M-1 58,657,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 43,993,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 13,826,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 12,569,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 11,312,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 10,893,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 11,312,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 5,029,763.08 999.60159157 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 S 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 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 0.00000000 2340.~~53343373~~67114088 ~~954~~879.~~94221720~~23717025 0.~~95494222~~87923717 2340.~~53343373~~67114088 A-2 0.00000000 3545.~~82321315~~21637147 ~~950~~861.~~76877399~~44925582 0.~~95076877~~86144926 3545.~~82321315~~21637147 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 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 C 0.00000000 0.00000000 999.60159157 0.99960159 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 S 0.00000000 0.00000000 0.00000000 0.00000000 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 R 100.00 1.~~48000~~49000% 0.00 0.00 0.00 0.00 A-1 401,601,000.00 1.~~48000~~49000% ~~392~~369,~~956~~436,~~799~~097.8966 ~~468~~443,~~491~~425.8394 0.00 0.00 A-2 268,767,000.00 1.~~39000~~40000% ~~265~~243,~~163~~681,~~368~~800.6165 ~~296~~274,~~909~~818.3292 0.00 0.00 M-1 58,657,000.00 1.~~64000~~65000% 58,657,000.00 77,~~492~~964.4193 0.00 0.00 M-2 43,993,000.00 2.~~19000~~20000% 43,993,000.00 77,~~610~~965.9837 0.00 0.00 M-3 13,826,000.00 2.~~39000~~40000% 13,826,000.00 26,~~618~~730.8927 0.00 0.00 B-1 12,569,000.00 2.~~69000~~70000% 12,569,000.00 27,~~236~~337.3258 0.00 0.00 B-2 11,312,000.00 2.~~79000~~80000% 11,312,000.00 25,~~423~~514.7284 0.00 0.00 B-3 10,893,000.00 34.~~99000~~00000% 10,893,000.00 35,~~011~~099.9267 0.00 0.00 B-4 11,312,000.00 4.~~09000~~10000% 11,312,000.00 37,~~269~~361.9002 0.00 0.00 C 5,029,763.08 0.00000% 5,027,759.18 0.00 0.00 0.00 P 0.00 0.00000% 0.01 0.00 0.00 0.00 S 0.00 0.~~91000~~90000% ~~820~~775,~~682~~679,~~168~~898.5031 ~~601~~562,~~605~~367.6293 0.00 0.00 Totals 837,959,863.08 1,~~673~~588,~~670~~586.9147 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 A-1 0.00 0.00 ~~468~~443,~~491~~425.8393 0.00 ~~383~~353,~~505~~102,~~749~~526.3781 A-2 0.00 0.00 ~~296~~274,~~909~~818.3292 0.00 ~~255~~231,~~535~~529,~~271~~132.0814 M-1 0.00 0.00 77,~~492~~964.4193 0.00 58,657,000.00 M-2 0.00 0.00 77,~~610~~965.9837 0.00 43,993,000.00 M-3 0.00 0.00 26,~~618~~730.8927 0.00 13,826,000.00 B-1 0.00 0.00 27,~~236~~337.3257 0.00 12,569,000.00 B-2 0.00 0.00 25,~~423~~514.7284 0.00 11,312,000.00 B-3 0.00 0.00 35,~~011~~099.9267 0.00 10,893,000.00 B-4 0.00 0.00 37,~~269~~361.9002 0.00 11,312,000.00 C 0.00 0.00 2,~~873~~702,~~654~~123.8015 0.00 5,027,759.18 P 0.00 0.00 ~~238~~473,~~929~~359.9634 0.00 0.01 S 0.00 0.00 ~~601~~562,~~605~~367.6292 0.00 ~~801~~747,~~603~~193,~~020~~658.4595 Totals 0.00 0.00 4,~~786~~764,~~255~~068.6793 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 R 100.00 1.~~48000~~49000% 0.00000000 0.00000000 0.00000000 0.00000000 A-1 401,601,000.00 1.~~48000~~49000% ~~978~~919.~~47565093~~90831113 1.~~16656042~~10414551 0.00000000 0.00000000 A-2 268,767,000.00 1.~~39000~~40000% ~~986~~906.~~59198715~~66562729 1.~~10470899~~02251735 0.00000000 0.00000000 M-1 58,657,000.00 1.~~64000~~65000% 1000.00000000 1.~~32111104~~32916668 0.00000000 0.00000000 M-2 43,993,000.00 2.~~19000~~20000% 1000.00000000 1.~~76416657~~77222217 0.00000000 0.00000000 M-3 13,826,000.00 2.~~39000~~40000% 1000.00000000 1.~~92527774~~93333357 0.00000000 0.00000000 B-1 12,569,000.00 2.~~69000~~70000% 1000.00000000 2.~~16694407~~17500040 0.00000000 0.00000000 B-2 11,312,000.00 2.~~79000~~80000% 1000.00000000 2.~~24750000~~25555516 0.00000000 0.00000000 B-3 10,893,000.00 34.~~99000~~00000% 1000.00000000 3.~~21416690~~22222253 0.00000000 0.00000000 B-4 11,312,000.00 4.~~09000~~10000% 1000.00000000 3.~~29472242~~30277758 0.00000000 0.00000000 C 5,029,763.08 0.00000% 999.60159157 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 S 0.00 0.~~91000~~90000% ~~985~~931.~~29536692~~26649921 0.~~72227624~~67516822 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 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 0.00000000 0.00000000 1.~~16656042~~10414548 0.00000000 ~~954~~879.~~94221720~~23717025 A-2 0.00000000 0.00000000 1.~~10470899~~02251735 0.00000000 ~~950~~861.~~76877399~~44925582 M-1 0.00000000 0.00000000 1.~~32111104~~32916668 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 1.~~76416657~~77222217 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 1.~~92527774~~93333357 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 2.~~16694407~~17499960 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.~~24750000~~25555516 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 3.~~21416690~~22222253 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 3.~~29472242~~30277758 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~571~~537.~~33005159~~22672560 0.00000000 999.60159157 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 S 0.00000000 0.00000000 0.~~72227624~~67516820 0.00000000 ~~962~~897.~~38930548~~06646326 (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 ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 2333,~~968~~102,~~112~~662.0642 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 67133,~~096~~490.2383 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties ~~238~~473,~~929~~359.9634 Total Deposits 2433,~~274~~709,~~138~~512.2559 Withdrawals Reimbursement for Servicer Advances 54124,~~367~~150.3463 Payment of Service Fee ~~354~~335,~~367~~053.1967 Payment of Interest and Principal 2333,~~865~~250,~~403~~308.7229 Total Withdrawals (Pool Distribution Amount) 2433,~~274~~709,~~138~~512.2559 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~344~~325,~~045~~294.7787 Credit Risk Manager's Fee 109,~~321~~758.4280 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~354~~335,~~367~~053.1967

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 011 02 0 013 01,132,748.0023 0442,609.0009 0.00 01,575,357.0032 30 Days 53 10 0 0 5453 89,~~760~~279,~~669~~210.0674 ~~108,048~~0.0100 0.00 0.00 89,~~868~~279,~~717~~210.0774 60 Days 1315 01 020 0 1336 21,~~199~~532,~~454~~283.9305 076,275.0065 04,371,484.0057 0.00 25,~~199~~980,~~454~~043.9327 90 Days 34 210 154 0 398 ~~730~~661,~~985~~509.7331 ~~1,878,135~~0.1300 2674,~~713,957~~671.4678 0.00 51,~~323~~336,~~078~~181.3209 120 Days 04 0 08 0 012 0541,598.0009 0.00 01,224,571.0050 0.00 01,766,169.0059 150 Days 02 03 02 02 09 0173,851.0010 0258,791.0065 0283,652.00 0149,685.0034 0865,980.0009 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 6978 22 15 036 ~~106~~2 11131 12,~~691~~188,~~109~~452.7229 1,~~986~~467,~~183~~815.1453 26,~~713~~996,~~957~~988.4694 0149,685.0034 1620,~~391~~802,~~250~~942.3210 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~~242879% 0.~~000000~~044160% 0.000000% 0.~~000000~~287039% 0.~~000000~~150466% 0.~~000000~~058793% 0.000000% 0.~~000000~~209259% 30 Days 1.~~104627~~170236% 0.~~020842~~000000% 0.000000% 0.000000% 1.~~125469~~170236% 1.~~085845~~232585% 0.~~013392~~000000% 0.000000% 0.000000% 1.~~099237~~232585% 60 Days 0.~~270946~~331199% 0.~~000000~~022080% 0.~~000000~~441599% 0.000000% 0.~~270946~~794877% 0.~~272612~~203538% 0.~~000000~~010132% 0.~~000000~~580677% 0.000000% 0.~~272612~~794347% 90 Days 0.~~062526~~088320% 0.~~437682~~000000% 0.~~312630~~088320% 0.000000% 0.~~812839~~176639% 0.~~090602~~087870% 0.~~232786~~000000% 0.~~336383~~089619% 0.000000% 0.~~659771~~177489% 120 Days 0.~~000000~~088320% 0.000000% 0.~~000000~~176639% 0.000000% 0.~~000000~~264959% 0.~~000000~~071942% 0.000000% 0.~~000000~~162663% 0.000000% 0.~~000000~~234606% 150 Days 0.~~000000~~044160% 0.~~000000~~066240% 0.~~000000~~044160% 0.~~000000~~044160% 0.~~000000~~198719% 0.~~000000~~023093% 0.~~000000~~034376% 0.~~000000~~037678% 0.~~000000~~019883% 0.~~000000~~115031% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.~~438099~~722234% 0.~~458524~~331199% 0.~~312630~~794877% 0.~~000000~~044160% 2.~~209254~~892471% 1.~~449059~~619028% 0.~~246178~~194974% 0.~~336383~~929431% 0.~~000000~~019883% 2.~~031620~~763316%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 67133,~~096~~490.2383

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~123605~~110108% Weighted Average Net Coupon 6.~~623605~~610108% Weighted Average Pass-Through Rate 6.~~608605~~595108% Weighted Average Maturity(Stepdown Calculation ) ~~335~~333 Beginning Scheduled Collateral Loan Count 4,~~900~~669 Number Of Loans Paid In Full ~~102~~140 Ending Scheduled Collateral Loan Count 4,~~798~~529 Beginning Scheduled Collateral Balance ~~825~~780,~~709~~707,~~927~~657.6849 Ending Scheduled Collateral Balance ~~806~~752,~~630~~221,~~779~~418.6313 Ending Actual Collateral Balance at 2930-~~Feb~~Apr-2004 ~~806~~752,~~806~~825,~~751~~264.1704 Monthly P &I Constant 5,~~605~~301,~~181~~323.1225 Special Servicing Fee 0.00 Prepayment Penalties ~~238~~473,~~929~~359.9634 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~806~~752,~~630~~221,~~779~~418.6313 Scheduled Principal ~~701~~674,~~961~~047.4412 Unscheduled Principal 1827,~~377~~812,~~186~~192.6124 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 5,027,759.18 Overcollateralized Amount 5,027,759.18 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 3,~~475~~264,~~260~~491.4209

Miscellaneous Reporting Number of Loans With PPP Passed 6092 Cumulative PPP ~~$362~~1,~~284~~296,309.8535 TRIGGER NO

Filing Compare · MERRILL LYNCH MRT INV INC MRT LN AST BCK CERTS SER 2004-WMC1