8-K 1 mlm04wm1_aug.txt AUGUST 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): August 25, 2004 MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Loan Asset-Backed Certificates, Series 2004-WM1 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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 25, 2004 a distribution was made to holders of MERRILL LYNCH MORTGAGE INVESTORS, INC., Mortgage Loan Asset-Backed Certificates, Series 2004-WM1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) 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 August 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 (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 8/30/04 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 August 25, 2004 distribution. EX-99.1

Merrill Lynch Mortgage Loans, Inc. Mortgage Loan Asset -Backed Certificates Record Date: 47/3031/04 Distribution Date: 58/25/04 MLM Series: 2004-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.~~49000~~84000% 0.00 0.00 0.00 A-1 5899297F9 SEN 1.~~49000~~84000% ~~369~~314,~~436~~018,~~097~~763.6652 ~~443~~481,~~425~~495.9344 1622,~~333~~831,~~570~~549.8539 A-2 5899297G7 SEN 1.~~40000~~75000% ~~243~~202,~~681~~986,~~800~~560.6526 ~~274~~296,~~818~~022.9207 1214,~~152~~901,~~668~~767.5166 M-1 5899297J1 MEZ 12.~~65000~~00000% 58,657,000.00 7797,~~964~~761.9366 0.00 M-2 5899297K8 MEZ 2.~~20000~~55000% 43,993,000.00 7793,~~965~~485.3712 0.00 M-3 5899297L6 MEZ 2.~~40000~~75000% 13,826,000.00 2631,~~730~~684.2758 0.00 B-1 5899297M4 SUB 23.~~70000~~05000% 12,569,000.00 2731,~~337~~946.5721 0.00 B-2 5899297N2 SUB 23.~~80000~~15000% 11,312,000.00 2529,~~514~~694.8400 0.00 B-3 5899297P7 SUB 4.~~00000~~35000% 10,893,000.00 3539,~~099~~487.6712 0.00 B-4 5899297Q5 SUB 4.~~10000~~45000% 11,312,000.00 3741,~~361~~948.0267 0.00 C 5899297S1 SEN 0.00000% 5,027,759.18 2,~~702~~293,~~123~~547.1587 0.00 P 5899297T9 SEN 0.00000% 0.00 ~~473~~637,~~359~~647.3424 0.00 S 5899297H5 SEN 0.~~90000~~55000% 0.00 ~~562~~311,~~367~~468.9235 0.00 Totals ~~780~~684,~~707~~595,~~657~~082.4996 4,~~764~~386,~~068~~188.9333 2837,~~486~~733,~~239~~317.3605

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 ~~353~~291,~~102~~187,~~526~~214.8113 1623,~~776~~313,~~996~~044.7883 0.00 A-2 0.00 ~~231~~188,~~529~~084,~~132~~792.1460 1215,~~427~~197,~~487~~789.4373 0.00 M-1 0.00 58,657,000.00 7797,~~964~~761.9366 0.00 M-2 0.00 43,993,000.00 7793,~~965~~485.3712 0.00 M-3 0.00 13,826,000.00 2631,~~730~~684.2758 0.00 B-1 0.00 12,569,000.00 2731,~~337~~946.5721 0.00 B-2 0.00 11,312,000.00 2529,~~514~~694.8400 0.00 B-3 0.00 10,893,000.00 3539,~~099~~487.6712 0.00 B-4 0.00 11,312,000.00 3741,~~361~~948.0267 0.00 C 0.00 5,027,759.18 2,~~702~~293,~~123~~547.1587 0.00 P 0.00 0.00 ~~473~~637,~~359~~647.3424 0.00 S 0.00 0.00 ~~562~~311,~~367~~468.9235 0.00 Totals 0.00 ~~752~~646,~~221~~861,~~418~~765.1391 3342,~~250~~119,~~308~~505.2938 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 ~~369~~314,~~436~~018,~~097~~763.6652 0.00 1622,~~333~~831,~~570~~549.8539 0.00 0.00 A-2 268,767,000.00 ~~243~~202,~~681~~986,~~800~~560.6526 0.00 1214,~~152~~901,~~668~~767.5166 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 ~~780~~684,~~707~~595,~~657~~082.4996 0.00 2837,~~486~~733,~~239~~317.3605 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 1622,~~333~~831,~~570~~549.8539 ~~353~~291,~~102~~187,~~526~~214.8113 0.~~87923717~~72506596 1622,~~333~~831,~~570~~549.8539 A-2 1214,~~152~~901,~~668~~767.5166 ~~231~~188,~~529~~084,~~132~~792.1460 0.~~86144926~~69980612 1214,~~152~~901,~~668~~767.5166 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 2837,~~486~~733,~~239~~317.3605 ~~752~~646,~~221~~861,~~418~~765.1391 0.~~89768192~~77194839 2837,~~486~~733,~~239~~317.3605

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 ~~919~~781.~~90831113~~91728487 0.00000000 4056.~~67114088~~85132604 0.00000000 A-2 268,767,000.00 ~~906~~755.~~66562729~~25105485 0.00000000 4555.~~21637147~~44493059 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 4056.~~67114088~~85132604 ~~879~~725.~~23717025~~06595882 0.~~87923717~~72506596 4056.~~67114088~~85132604 A-2 0.00000000 4555.~~21637147~~44493059 ~~861~~699.~~44925582~~80612426 0.~~86144926~~69980612 4555.~~21637147~~44493059 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.~~49000~~84000% 0.00 0.00 0.00 0.00 A-1 401,601,000.00 1.~~49000~~84000% ~~369~~314,~~436~~018,~~097~~763.6652 ~~443~~481,~~425~~495.9444 0.00 0.00 A-2 268,767,000.00 1.~~40000~~75000% ~~243~~202,~~681~~986,~~800~~560.6526 ~~274~~296,~~818~~022.9207 0.00 0.00 M-1 58,657,000.00 12.~~65000~~00000% 58,657,000.00 7797,~~964~~761.9367 0.00 0.00 M-2 43,993,000.00 2.~~20000~~55000% 43,993,000.00 7793,~~965~~485.3712 0.00 0.00 M-3 13,826,000.00 2.~~40000~~75000% 13,826,000.00 2631,~~730~~684.2758 0.00 0.00 B-1 12,569,000.00 23.~~70000~~05000% 12,569,000.00 2731,~~337~~946.5821 0.00 0.00 B-2 11,312,000.00 23.~~80000~~15000% 11,312,000.00 2529,~~514~~694.8400 0.00 0.00 B-3 10,893,000.00 4.~~00000~~35000% 10,893,000.00 3539,~~099~~487.6712 0.00 0.00 B-4 11,312,000.00 4.~~10000~~45000% 11,312,000.00 3741,~~361~~948.0267 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.~~90000~~55000% ~~775,~~679,~~898~~567,323.3178 ~~562~~311,~~367~~468.9336 0.00 0.00 Totals 837,959,863.08 1,~~588~~454,~~586~~993.4724 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 ~~443~~481,~~425~~495.9344 0.00 ~~353~~291,~~102~~187,~~526~~214.8113 A-2 0.00 0.00 ~~274~~296,~~818~~022.9207 0.00 ~~231~~188,~~529~~084,~~132~~792.1460 M-1 0.00 0.00 7797,~~964~~761.9366 0.00 58,657,000.00 M-2 0.00 0.00 7793,~~965~~485.3712 0.00 43,993,000.00 M-3 0.00 0.00 2631,~~730~~684.2758 0.00 13,826,000.00 B-1 0.00 0.00 2731,~~337~~946.5721 0.00 12,569,000.00 B-2 0.00 0.00 2529,~~514~~694.8400 0.00 11,312,000.00 B-3 0.00 0.00 3539,~~099~~487.6712 0.00 10,893,000.00 B-4 0.00 0.00 3741,~~361~~948.0267 0.00 11,312,000.00 C 0.00 0.00 2,~~702~~293,~~123~~547.1587 0.00 5,027,759.18 P 0.00 0.00 ~~473~~637,~~359~~647.3424 0.00 0.01 S 0.00 0.00 ~~562~~311,~~367~~468.9235 0.00 ~~747~~641,~~193~~834,~~658~~006.9573 Totals 0.00 0.00 4,~~764~~386,~~068~~188.9333 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.~~49000~~84000% 0.00000000 0.00000000 0.00000000 0.00000000 A-1 401,601,000.00 1.~~49000~~84000% ~~919~~781.~~90831113~~91728487 1.~~10414551~~19893984 0.00000000 0.00000000 A-2 268,767,000.00 1.~~40000~~75000% ~~906~~755.~~66562729~~25105485 1.~~02251735~~10140780 0.00000000 0.00000000 M-1 58,657,000.00 12.~~65000~~00000% 1000.00000000 1.~~32916668~~66666672 0.00000000 0.00000000 M-2 43,993,000.00 2.~~20000~~55000% 1000.00000000 12.~~77222217~~12499989 0.00000000 0.00000000 M-3 13,826,000.00 2.~~40000~~75000% 1000.00000000 12.~~93333357~~29166643 0.00000000 0.00000000 B-1 12,569,000.00 23.~~70000~~05000% 1000.00000000 2.~~17500040~~54166680 0.00000000 0.00000000 B-2 11,312,000.00 23.~~80000~~15000% 1000.00000000 2.~~25555516~~62500000 0.00000000 0.00000000 B-3 10,893,000.00 4.~~00000~~35000% 1000.00000000 3.~~22222253~~62499954 0.00000000 0.00000000 B-4 11,312,000.00 4.~~10000~~45000% 1000.00000000 3.~~30277758~~70833363 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.~~90000~~55000% ~~931~~815.~~26649921~~87557441 0.~~67516822~~37394298 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.~~10414548~~19893984 0.00000000 ~~879~~725.~~23717025~~06595882 A-2 0.00000000 0.00000000 1.~~02251735~~10140780 0.00000000 ~~861~~699.~~44925582~~80612426 M-1 0.00000000 0.00000000 1.~~32916668~~66666655 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 12.~~77222217~~12499989 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 12.~~93333357~~29166643 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 2.~~17499960~~54166680 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.~~25555516~~62500000 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 3.~~22222253~~62499954 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 3.~~30277758~~70833363 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~537~~455.~~22672560~~99520962 0.00000000 999.60159157 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 S 0.00000000 0.00000000 0.~~67516820~~37394296 0.00000000 ~~897~~770.~~06646326~~57367327 (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 3341,~~102~~748,~~662~~101.4208 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~133~~167,~~490~~487.8397 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties ~~473~~637,~~359~~647.3424 Total Deposits 3342,~~709~~553,~~512~~236.5929 Withdrawals Reimbursement for Servicer Advances ~~124~~139,~~150~~924.6360 Payment of Service Fee ~~335~~293,~~053~~805.6734 Payment of Interest and Principal 3342,~~250~~119,~~308~~506.2935 Total Withdrawals (Pool Distribution Amount) 3342,~~709~~553,~~512~~236.5929 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~325~~285,~~294~~247.8793 Credit Risk Manager's Fee 98,~~758~~557.8041 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~335~~293,~~053~~805.6734

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 110 20 0 130 ~~1,132,748~~0.2300 ~~442,609~~0.0900 0.00 ~~1,575,357~~0.3200 30 Days 5361 0 0 0 5361 9,~~279~~128,~~210~~553.7418 0.00 0.00 0.00 9,~~279~~128,~~210~~553.7418 60 Days 1521 10 200 0 3621 13,~~532~~047,~~283~~734.0507 ~~76,275~~0.6500 ~~4,371,484~~0.5700 0.00 53,~~980~~047,~~043~~734.2707 90 Days 419 0 40 0 819 ~~661~~2,~~509~~875,463.3109 0.00 ~~674,671~~0.7800 0.00 12,~~336~~875,~~181~~463.09 120 Days 413 0 80 0 1213 ~~541~~2,~~598~~353,463.0900 0.00 ~~1,224,571~~0.5000 0.00 12,~~766~~353,~~169~~463.5900 150 Days 222 30 20 20 922 ~~173~~3,~~851~~885,630.1051 ~~258,791~~0.6500 ~~283,652~~0.00 ~~149,685~~0.3400 ~~865~~3,~~980~~885,630.0951 180+ Days 023 0 0 0 023 03,144,067.0028 0.00 0.00 0.00 03,144,067.0028 Totals 78159 150 360 20 ~~131~~159 1224,~~188~~434,~~452~~911.2913 ~~1,467,815~~0.5300 ~~6,996,988~~0.9400 ~~149,685~~0.3400 2024,~~802~~434,~~942~~911.1013 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.~~242879~~000000% 0.~~044160~~000000% 0.000000% 0.~~287039~~000000% 0.~~150466~~000000% 0.~~058793~~000000% 0.000000% 0.~~209259~~000000% 30 Days 1.~~170236~~547830% 0.000000% 0.000000% 0.000000% 1.~~170236~~547830% 1.~~232585~~409922% 0.000000% 0.000000% 0.000000% 1.~~232585~~409922% 60 Days 0.~~331199~~532860% 0.~~022080~~000000% 0.~~441599~~000000% 0.000000% 0.~~794877~~532860% 0.~~203538~~470728% 0.~~010132~~000000% 0.~~580677~~000000% 0.000000% 0.~~794347~~470728% 90 Days 0.~~088320~~482111% 0.000000% 0.~~088320~~000000% 0.000000% 0.~~176639~~482111% 0.~~087870~~444121% 0.000000% 0.~~089619~~000000% 0.000000% 0.~~177489~~444121% 120 Days 0.~~088320~~329866% 0.000000% 0.~~176639~~000000% 0.000000% 0.~~264959~~329866% 0.~~071942~~363497% 0.000000% 0.~~162663~~000000% 0.000000% 0.~~234606~~363497% 150 Days 0.~~044160~~558234% 0.~~066240~~000000% 0.~~044160~~000000% 0.~~044160~~000000% 0.~~198719~~558234% 0.~~023093~~600143% 0.~~034376~~000000% 0.~~037678~~000000% 0.~~019883~~000000% 0.~~115031~~600143% 180+ Days 0.~~000000~~583608% 0.000000% 0.000000% 0.000000% 0.~~000000~~583608% 0.~~000000~~485607% 0.000000% 0.000000% 0.000000% 0.~~000000~~485607% Totals 14.~~722234~~034509% 0.~~331199~~000000% 0.~~794877~~000000% 0.~~044160~~000000% 24.~~892471~~034509% 13.~~619028~~774018% 0.~~194974~~000000% 0.~~929431~~000000% 0.~~019883~~000000% 23.~~763316~~774018% (7) The 90-Day category for deliquent, bankrunptcy, foreclosures, and REO contain loans that are 90 days or more deliquent.

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~133~~167,~~490~~487.8397

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~110108~~089960% Weighted Average Net Coupon 6.~~610108~~589960% Weighted Average Pass-Through Rate 6.~~595108~~574960% Weighted Average Maturity(Stepdown Calculation ) ~~333~~330 Beginning Scheduled Collateral Loan Count 4,~~669~~149 Number Of Loans Paid In Full ~~140~~208 Ending Scheduled Collateral Loan Count 43,~~529~~941 Beginning Scheduled Collateral Balance ~~780~~684,~~707~~595,~~657~~082.4996 Ending Scheduled Collateral Balance ~~752~~646,~~221~~861,~~418~~765.1391 Ending Actual Collateral Balance at 3031-~~Apr~~Jul-2004 ~~752~~647,~~825~~450,~~264~~863.0499 Monthly P &I Constant 54,~~301~~651,~~323~~012.2584 Special Servicing Fee 0.00 Prepayment Penalties ~~473~~637,~~359~~647.3424 Realized Loss Amount 0.00 Cumulative Realized Loss 055,160.0026 Ending Scheduled Balance for Premium Loans ~~752~~646,~~221~~861,~~418~~765.1391 Scheduled Principal ~~674~~606,~~047~~219.1247 Unscheduled Principal 2737,~~812~~127,~~192~~097.2458 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 32,~~264~~605,~~491~~016.0923

Miscellaneous Reporting Number of Loans With PPP Passed 920 Cumulative PPP ~~1,296,309~~0.3500 TRIGGER NO

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