8-K 1 mlm04wm3_sep.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 27, 2004 MERRILL LYNCH MORTGAGE INVESTORS TRUST Mortgage Loan Asset-Backed Certificates, Series 2004-WMC3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-112231-07 54-2154083 Pooling and Servicing Agreement) (Commission 54-2154084 (State or other File Number) 54-2154085 jurisdiction 54-6616729 of Incorporation) 54-6616730 54-6616731 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 September 27, 2004 a distribution was made to holders of MERRILL LYNCH MORTGAGE INVESTORS TRUST, Mortgage Loan Asset-Backed Certificates, Series 2004-WCM3 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-WMC3 Trust, relating to the September 27, 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 TRUST Mortgage Loan Asset-Backed Certificates, Series 2004-WMC3 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: 10/1/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2004-WMC3 Trust, relating to the September 27, 2004 distribution. EX-99.1

Merrill Lynch Mortgage ~~Loans,~~Investors ~~Inc.~~Trust Mortgage ~~Pass~~Loan Asset-~~Through~~Backed Certificates Record Date: 78/31/2004 Distribution Date: 89/2527/2004 MLM Series: 2004-~~WM3~~WMC3 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 MLM04WM3R RES 12.~~84000~~00500% 0.00 0.00 0.00 A-1 59020UCH6 SEN 12.~~85000~~01500% ~~615~~581,~~949~~834,~~611~~271.5824 ~~949~~1,~~588~~074,696.9739 3436,~~115~~312,~~340~~742.3490 A-2-A 59020UCJ2 SEN 1.~~57000~~73500% ~~204~~187,~~483~~932,~~511~~269.8878 ~~267~~298,~~532~~890.5962 1621,~~551~~880,~~242~~363.1063 A-2-B 59020UCK9 SEN 1.~~69000~~85500% 134,626,000.00 ~~189~~228,~~598~~920.2830 0.00 A-2-C 59020UCL7 SEN 12.~~95000~~11500% 46,161,000.00 7589,~~011~~494.6264 0.00 M-1 59020UCN3 MEZ 2.~~01000~~17500% 94,768,000.00 ~~158~~188,~~736~~943.4070 0.00 M-2 59020UCP8 MEZ 2.~~68000~~84500% 77,218,000.00 ~~172~~201,~~453~~378.5311 0.00 M-3 59020UCQ6 MEZ 23.~~85000~~01500% 21,059,000.00 5058,~~015~~201.1281 0.00 B-1 59020UCR4 SUB 3.~~45000~~61500% 17,550,000.00 5058,~~456~~156.2531 0.00 B-2 59020UCS2 SUB 3.~~70000~~86500% 21,059,000.00 6474,~~931~~610.9228 0.00 B-3 59020UCT0 SUB 54.~~00000~~54546% 17,550,000.00 73,125.00 0.00 B-4 59020UCU7 SUB 54.~~00000~~54546% 18,954,000.00 78,975.00 0.00 C MLM04WM3C SEN 0.00000% 9,125,777.00 43,~~286~~682,~~762~~424.5877 0.00 P MLM04WM3P SEN 0.00000% 0.00 1,~~037~~266,~~450~~800.7204 0.00 S 59020UCM5 SEN 0.~~80000~~63500% 0.00 ~~821~~688,~~916~~143.0731 0.00 Totals 1,~~278~~227,~~503~~837,~~900~~318.4602 8,~~276~~062,~~554~~760.0528 5058,~~666~~193,~~582~~106.4453

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 ~~581~~545,~~834~~521,~~271~~528.24 35 37,~~064~~387,~~929~~439.3129 0.00 A-2-A 0.00 ~~187~~166,~~932~~051,~~269~~906.7814 1622,~~818~~179,~~774~~254.6925 0.00 A-2-B 0.00 134,626,000.00 ~~189~~228,~~598~~920.2830 0.00 A-2-C 0.00 46,161,000.00 7589,~~011~~494.6264 0.00 M-1 0.00 94,768,000.00 ~~158~~188,~~736~~943.4070 0.00 M-2 0.00 77,218,000.00 ~~172~~201,~~453~~378.5311 0.00 M-3 0.00 21,059,000.00 5058,~~015~~201.1281 0.00 B-1 0.00 17,550,000.00 5058,~~456~~156.2531 0.00 B-2 0.00 21,059,000.00 6474,~~931~~610.9228 0.00 B-3 0.00 17,550,000.00 73,125.00 0.00 B-4 0.00 18,954,000.00 78,975.00 0.00 C 0.00 9,125,777.00 43,~~286~~682,~~762~~424.5877 0.00 P 0.00 0.00 1,~~037~~266,~~450~~800.7204 0.00 S 0.00 0.00 ~~821~~688,~~916~~143.0731 0.00 Totals 0.00 1,~~227~~169,~~837~~644,~~318~~211.0249 5866,~~943~~255,~~136~~866.4981 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-1 692,620,000.00 ~~615~~581,~~949~~834,~~611~~271.5824 0.00 3436,~~115~~312,~~340~~742.3490 0.00 0.00 A-2-A 253,275,000.00 ~~204~~187,~~483~~932,~~511~~269.8878 0.00 1621,~~551~~880,~~242~~363.1063 0.00 0.00 A-2-B 134,626,000.00 134,626,000.00 0.00 0.00 0.00 0.00 A-2-C 46,161,000.00 46,161,000.00 0.00 0.00 0.00 0.00 M-1 94,768,000.00 94,768,000.00 0.00 0.00 0.00 0.00 M-2 77,218,000.00 77,218,000.00 0.00 0.00 0.00 0.00 M-3 21,059,000.00 21,059,000.00 0.00 0.00 0.00 0.00 B-1 17,550,000.00 17,550,000.00 0.00 0.00 0.00 0.00 B-2 21,059,000.00 21,059,000.00 0.00 0.00 0.00 0.00 B-3 17,550,000.00 17,550,000.00 0.00 0.00 0.00 0.00 B-4 18,954,000.00 18,954,000.00 0.00 0.00 0.00 0.00 C 9,126,160.94 9,125,777.00 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 1,403,966,260.94 1,~~278~~227,~~503~~837,~~900~~318.4602 0.00 5058,~~666~~193,~~582~~106.4453 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 3436,~~115~~312,~~340~~742.3490 ~~581~~545,~~834~~521,~~271~~528.2435 0.~~84004833~~78762024 3436,~~115~~312,~~340~~742.3490 A-2-A 1621,~~551~~880,~~242~~363.1063 ~~187~~166,~~932~~051,~~269~~906.7814 0.~~74200876~~65561902 1621,~~551~~880,~~242~~363.1063 A-2-B 0.00 134,626,000.00 1.00000000 0.00 A-2-C 0.00 46,161,000.00 1.00000000 0.00 M-1 0.00 94,768,000.00 1.00000000 0.00 M-2 0.00 77,218,000.00 1.00000000 0.00 M-3 0.00 21,059,000.00 1.00000000 0.00 B-1 0.00 17,550,000.00 1.00000000 0.00 B-2 0.00 21,059,000.00 1.00000000 0.00 B-3 0.00 17,550,000.00 1.00000000 0.00 B-4 0.00 18,954,000.00 1.00000000 0.00 C 0.00 9,125,777.00 0.99995793 0.00 P 0.00 0.00 0.00000000 0.00 S 0.00 0.00 0.00000000 0.00 Totals 5058,~~666~~193,~~582~~106.4453 1,~~227~~169,~~837~~644,~~318~~211.0249 0.~~87454902~~83309994 5058,~~666~~193,~~582~~106.4453

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-1 692,620,000.00 ~~889~~840.~~30381967~~04832555 0.00000000 4952.~~25549412~~42808885 0.00000000 A-2-A 253,275,000.00 ~~807~~742.~~35766215~~00876431 0.00000000 6586.~~34889784~~38974881 0.00000000 A-2-B 134,626,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-2-C 46,161,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 94,768,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 77,218,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 21,059,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 17,550,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 21,059,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 17,550,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 18,954,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 9,126,160.94 999.95792974 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 4952.~~25549412~~42808885 ~~840~~787.~~04832555~~62023671 0.~~84004833~~78762024 4952.~~25549412~~42808885 A-2-A 0.00000000 6586.~~34889784~~38974881 ~~742~~655.~~00876431~~61901546 0.~~74200876~~65561902 6586.~~34889784~~38974881 A-2-B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-2-C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 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 999.95792974 0.99995793 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 12.~~84000~~00500% 0.00 0.00 0.00 0.00 A-1 692,620,000.00 12.~~85000~~01500% ~~615~~581,~~949~~834,~~611~~271.5824 ~~949~~1,~~588~~074,696.9839 0.00 0.00 A-2-A 253,275,000.00 1.~~57000~~73500% ~~204~~187,~~483~~932,~~511~~269.8878 ~~267~~298,~~532~~890.5961 0.00 0.00 A-2-B 134,626,000.00 1.~~69000~~85500% 134,626,000.00 ~~189~~228,~~598~~920.2829 0.00 0.00 A-2-C 46,161,000.00 12.~~95000~~11500% 46,161,000.00 7589,~~011~~494.6364 0.00 0.00 M-1 94,768,000.00 2.~~01000~~17500% 94,768,000.00 ~~158~~188,~~736~~943.4070 0.00 0.00 M-2 77,218,000.00 2.~~68000~~84500% 77,218,000.00 ~~172~~201,~~453~~378.5311 0.00 0.00 M-3 21,059,000.00 23.~~85000~~01500% 21,059,000.00 5058,~~015~~201.1281 0.00 0.00 B-1 17,550,000.00 3.~~45000~~61500% 17,550,000.00 5058,~~456~~156.2531 0.00 0.00 B-2 21,059,000.00 3.~~70000~~86500% 21,059,000.00 6474,~~931~~610.9228 0.00 0.00 B-3 17,550,000.00 54.~~00000~~54546% 17,550,000.00 73,125.00 0.00 0.00 B-4 18,954,000.00 54.~~00000~~54546% 18,954,000.00 78,975.00 0.00 0.00 C 9,126,160.94 0.00000% 9,125,777.00 0.00 0.00 0.00 P 0.00 0.00000% 0.01 0.00 0.00 0.00 S 0.00 0.~~80000~~63500% 1,~~232~~182,~~874~~207,~~123~~541.4602 ~~821~~688,~~916~~143.0831 0.00 0.00 Totals 1,403,966,260.94 23,~~952~~113,~~340~~535.7845 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 ~~949~~1,~~588~~074,696.9739 0.00 ~~581~~545,~~834~~521,~~271~~528.2435 A-2-A 0.00 0.00 ~~267~~298,~~532~~890.5962 0.00 ~~187~~166,~~932~~051,~~269~~906.7814 A-2-B 0.00 0.00 ~~189~~228,~~598~~920.2830 0.00 134,626,000.00 A-2-C 0.00 0.00 7589,~~011~~494.6264 0.00 46,161,000.00 M-1 0.00 0.00 ~~158~~188,~~736~~943.4070 0.00 94,768,000.00 M-2 0.00 0.00 ~~172~~201,~~453~~378.5311 0.00 77,218,000.00 M-3 0.00 0.00 5058,~~015~~201.1281 0.00 21,059,000.00 B-1 0.00 0.00 5058,~~456~~156.2531 0.00 17,550,000.00 B-2 0.00 0.00 6474,~~931~~610.9228 0.00 21,059,000.00 B-3 0.00 0.00 73,125.00 0.00 17,550,000.00 B-4 0.00 0.00 78,975.00 0.00 18,954,000.00 C 0.00 0.00 43,~~286~~682,~~762~~424.5877 0.00 9,125,777.00 P 0.00 0.00 1,~~037~~266,~~450~~800.7204 0.00 0.01 S 0.00 0.00 ~~821~~688,~~916~~143.0731 0.00 1,~~182~~124,~~207~~014,~~541~~434.0249 Totals 0.00 0.00 8,~~276~~062,~~554~~760.0528 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 12.~~84000~~00500% 0.00000000 0.00000000 0.00000000 0.00000000 A-1 692,620,000.00 12.~~85000~~01500% ~~889~~840.~~30381967~~04832555 1.~~37101005~~55163927 0.00000000 0.00000000 A-2-A 253,275,000.00 1.~~57000~~73500% ~~807~~742.~~35766215~~00876431 1.~~05629292~~18010309 0.00000000 0.00000000 A-2-B 134,626,000.00 1.~~69000~~85500% 1000.00000000 1.~~40833331~~70041664 0.00000000 0.00000000 A-2-C 46,161,000.00 12.~~95000~~11500% 1000.00000000 1.~~62500011~~93875003 0.00000000 0.00000000 M-1 94,768,000.00 2.~~01000~~17500% 1000.00000000 1.~~67500000~~99375000 0.00000000 0.00000000 M-2 77,218,000.00 2.~~68000~~84500% 1000.00000000 2.~~23333329~~60791668 0.00000000 0.00000000 M-3 21,059,000.00 23.~~85000~~01500% 1000.00000000 2.~~37499976~~76374994 0.00000000 0.00000000 B-1 17,550,000.00 3.~~45000~~61500% 1000.00000000 23.~~87500000~~31374986 0.00000000 0.00000000 B-2 21,059,000.00 3.~~70000~~86500% 1000.00000000 3.~~08333349~~54291657 0.00000000 0.00000000 B-3 17,550,000.00 54.~~00000~~54546% 1000.00000000 4.16666667 0.00000000 0.00000000 B-4 18,954,000.00 54.~~00000~~54546% 1000.00000000 4.16666667 0.00000000 0.00000000 C 9,126,160.94 0.00000% 999.95792974 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 S 0.00 0.~~80000~~63500% ~~907~~870.~~63560964~~33513138 0.~~60509040~~50660758 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.~~37101003~~55163927 0.00000000 ~~840~~787.~~04832555~~62023671 A-2-A 0.00000000 0.00000000 1.~~05629292~~18010313 0.00000000 ~~742~~655.~~00876431~~61901546 A-2-B 0.00000000 0.00000000 1.~~40833331~~70041671 0.00000000 1000.00000000 A-2-C 0.00000000 0.00000000 1.~~62499989~~93875003 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 1.~~67500000~~99375000 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~23333329~~60791668 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.~~37499976~~76374994 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 23.~~87500000~~31374986 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.~~08333349~~54291657 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 4.16666667 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 4.16666667 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~469~~403.~~72243950~~50206338 0.00000000 999.95792974 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 S 0.00000000 0.00000000 0.~~60509040~~50660758 0.00000000 ~~870~~827.~~33513138~~49366467 (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 5865,~~375~~608,~~438~~100.2189 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~266~~299,~~999~~024.8174 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0(139,460.0018) Prepayment Penalties 1,~~037~~266,~~450~~800.7204 Total Deposits 5967,~~679~~034,~~888~~465.7449 Withdrawals Reimbursement for Servicer Advances ~~204~~266,~~042~~999.2581 Payment of Service Fee ~~532~~511,~~710~~598.0087 Payment of Interest and Principal 5866,~~943~~255,~~136~~866.4981 Total Withdrawals (Pool Distribution Amount) 5967,~~679~~034,~~888~~465.7449 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~532~~511,~~710~~598.0087 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~532~~511,~~710~~598.0087

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 33 10 0 3433 4,~~088~~004,~~696~~158.5511 ~~134,359~~0.0900 0.00 4,~~223~~004,~~055~~158.6411 30 Days ~~100~~123 16 20 0 ~~103~~129 1520,~~656~~743,~~196~~657.2025 ~~330~~996,~~126~~905.0002 ~~690,938~~0.4000 0.00 1621,~~677~~740,~~260~~562.6027 60 Days 2628 3 15 0 4446 4,~~059~~069,~~163~~956.4006 ~~372~~303,~~427~~125.1706 2,~~841~~148,~~929~~267.9460 0.00 76,~~273~~521,~~520~~348.5172 90 Days 1523 1213 4052 0 6788 2,~~538~~624,~~338~~073.8428 21,~~051~~719,~~937~~957.5072 711,~~534~~306,~~786~~283.1174 0.00 1215,~~125~~650,~~062~~314.4574 120 Days 0 05 0 01 06 0.00 0528,170.0053 0.00 079,393.0061 0607,564.0014 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 01 01 0 0 02 0144,344.0023 0101,544.0020 0.00 0.00 0245,888.0043 Totals ~~141~~175 4961 5867 01 ~~248~~304 2227,~~253~~582,~~698~~030.4482 67,~~843~~653,~~187~~860.2264 1113,~~202~~454,~~013~~551.5434 079,393.0061 4048,~~298~~769,~~899~~836.2041 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.~~439356~~459610% 0.~~013314~~000000% 0.000000% 0.~~452669~~459610% 0.~~332729~~342057% 0.~~010934~~000000% 0.000000% 0.~~343663~~342057% 30 Days 1.~~331381~~713092% 0.~~013314~~083565% 0.~~026628~~000000% 0.000000% 1.~~371322~~796657% 1.~~274068~~772036% 0.~~026865~~085161% 0.~~056227~~000000% 0.000000% 1.~~357160~~857197% 60 Days 0.~~346159~~389972% 0.~~039941~~041783% 0.~~199707~~208914% 0.000000% 0.~~585807~~640669% 0.~~330326~~347678% 0.~~030307~~025895% 0.~~231270~~183517% 0.000000% 0.~~591904~~557089% 90 Days 0.~~199707~~320334% 0.~~159766~~181058% 0.~~532552~~724234% 0.000000% 01.~~892025~~225627% 0.~~206565~~224163% 0.~~166982~~146928% 0.~~613165~~965844% 0.000000% 01.~~986712~~336935% 120 Days 0.000000% 0.~~000000~~069638% 0.000000% 0.~~000000~~013928% 0.~~000000~~083565% 0.000000% 0.~~000000~~045119% 0.000000% 0.~~000000~~006782% 0.~~000000~~051901% 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~~013928% 0.~~000000~~013928% 0.000000% 0.000000% 0.~~000000~~027855% 0.~~000000~~012331% 0.~~000000~~008674% 0.000000% 0.000000% 0.~~000000~~021005% Totals 12.~~877247~~437326% 0.~~652377~~849582% 0.~~772201~~933148% 0.~~000000~~013928% 34.~~301824~~233983% 12.~~810959~~356206% 0.~~556884~~653834% 01.~~911596~~149361% 0.~~000000~~006782% 34.~~279439~~166183%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~266~~299,~~999~~024.8174

COLLATERAL STATEMENT Collateral Description Fixed Mixed & ARM & Balloon Weighted Average Gross Coupon 7.~~294601~~278182% Weighted Average Net Coupon 6.~~794601~~778182% Weighted Average Pass-Through Rate 6.~~794601~~778182% Weighted Average Maturity (Stepdown Calculation ) ~~334~~333 Beginning Scheduled Collateral Loan Count 7,~~789~~511 Number Of Loans Paid In Full ~~278~~331 Ending Scheduled Collateral Loan Count 7,~~511~~180 Beginning Scheduled Collateral Balance 1,~~278~~227,~~503~~837,~~900~~318.4602 Ending Scheduled Collateral Balance 1,~~227~~169,~~837~~644,~~318~~211.0249 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2004 1,~~228~~170,~~835~~611,~~150~~830.5803 Monthly P &I Constant 8,~~806,~~461,071.3273 Special Servicing Fee 0.00 Prepayment Penalties 1,~~037~~266,~~450~~800.7204 Realized Loss Amount 0139,460.0018 Cumulative Realized Loss 0139,460.0018 Ending Scheduled Balance for Premium Loans 1,~~227~~169,~~837~~644,~~318~~211.0249 Scheduled Principal 1,~~032~~000,~~468~~116.6350 Unscheduled Principal 4957,~~634~~192,~~113~~990.8103 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 9,125,777.00 Overcollateralized Amount 9,125,777.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0139,460.0018 Excess Cash Amount 54,~~324~~949,~~213~~224.3081

Miscellaneous Reporting Number of Loans With PPP Passed ~~207~~256 Cumulative PPP 24,~~934~~201,~~688~~488.9195 TRIGGER NO

Filing Compare · MERRILL LYNCH MORTGAGE ASSET BACK CERTS SER 2004-WMC3