8-K 1 mlm04wm1_nov.txt NOVEMBER 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): November 26, 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 November 26, 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 November 26, 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: 11/30/2004 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 November 26, 2004 distribution. EX-99.1

Merrill Lynch Mortgage ~~Investors~~Loans, ~~Trust~~Inc. Mortgage ~~Loan Asset~~Pass-~~Backed~~Through Certificates Record Date: 810/31/2004 Distribution Date: 911/2726/2004 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 2.~~00500~~32250% 0.00 0.00 0.00 A-1 5899297F9 SEN 2.~~00500~~32250% ~~291~~240,~~187~~046,~~214~~154.1382 ~~535~~495,~~177~~561.8495 2620,~~619~~673,~~713~~241.5885 A-2 5899297G7 SEN 12.~~91500~~23250% ~~188~~156,~~084~~909,~~792~~481.6092 ~~330~~311,~~167~~378.1815 1816,~~601~~401,~~842~~598.4293 M-1 5899297J1 MEZ 2.~~16500~~48250% 58,657,000.00 ~~116~~129,~~409~~436.7145 0.00 M-2 5899297K8 MEZ 23.~~71500~~03250% 43,993,000.00 ~~109~~118,~~487~~585.58 0.00 M-3 5899297L6 MEZ 23.~~91500~~23250% 13,826,000.00 3639,~~944~~726.2271 0.00 B-1 5899297M4 SUB 3.~~21500~~53250% 12,569,000.00 3739,~~041~~466.8966 0.00 B-2 5899297N2 SUB 3.~~31500~~63250% 11,312,000.00 3436,~~374~~525.3419 0.00 B-3 5899297P7 SUB 4.~~51500~~83250% 10,893,000.00 4546,~~083~~791.4049 0.00 B-4 5899297Q5 SUB 4.~~61500~~93250% 11,312,000.00 4749,~~854~~596.4784 0.00 C 5899297S1 SEN 0.00000% 5,027,759.18 1,~~867~~949,~~105~~623.6962 0.00 P 5899297T9 SEN 0.00000% 0.00 ~~740~~632,~~899~~650.0902 0.00 S 5899297H5 SEN 0.~~38500~~06750% 0.00 ~~226~~33,~~513~~571.9206 0.00 Totals ~~646~~564,~~861~~545,~~765~~395.9192 43,~~127~~882,~~059~~913.3372 4537,~~221~~074,~~556~~840.0078

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 ~~264~~219,~~567~~372,~~500~~912.5597 2721,~~154~~168,~~891~~803.4280 0.00 A-2 0.00 ~~169~~140,~~482~~507,~~950~~882.1899 1816,~~932~~712,~~009~~977.6008 0.00 M-1 0.00 58,657,000.00 ~~116~~129,~~409~~436.7145 0.00 M-2 0.00 43,993,000.00 ~~109~~118,~~487~~585.58 0.00 M-3 0.00 13,826,000.00 3639,~~944~~726.2271 0.00 B-1 0.00 12,569,000.00 3739,~~041~~466.8966 0.00 B-2 0.00 11,312,000.00 3436,~~374~~525.3419 0.00 B-3 0.00 10,893,000.00 4546,~~083~~791.4049 0.00 B-4 0.00 11,312,000.00 4749,~~854~~596.4784 0.00 C 0.00 5,027,759.18 1,~~867~~949,~~105~~623.6962 0.00 P 0.00 0.00 ~~740~~632,~~899~~650.0902 0.00 S 0.00 0.00 ~~226~~33,~~513~~571.9206 0.00 Totals 0.00 ~~601~~527,~~640~~470,~~209~~555.9114 4940,~~348~~957,~~615~~754.3350 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 ~~291~~240,~~187~~046,~~214~~154.1382 0.00 2620,~~619~~673,~~713~~241.5885 0.00 0.00 A-2 268,767,000.00 ~~188~~156,~~084~~909,~~792~~481.6092 0.00 1816,~~601~~401,~~842~~598.4293 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 ~~646~~564,~~861~~545,~~765~~395.9192 0.00 4537,~~221~~074,~~556~~840.0078 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 2620,~~619~~673,~~713~~241.5885 ~~264~~219,~~567~~372,~~500~~912.5597 0.~~65878198~~54624593 2620,~~619~~673,~~713~~241.5885 A-2 1816,~~601~~401,~~842~~598.4293 ~~169~~140,~~482~~507,~~950~~882.1899 0.~~63059434~~52278696 1816,~~601~~401,~~842~~598.4293 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 4537,~~221~~074,~~556~~840.0078 ~~601~~527,~~640~~470,~~209~~555.9114 0.~~71798213~~62946995 4537,~~221~~074,~~556~~840.0078

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 ~~725~~597.~~06595882~~72300074 0.00000000 6651.~~28398231~~47706766 0.00000000 A-2 268,767,000.00 ~~699~~583.~~80612426~~81230553 0.00000000 6961.~~21177979~~02534511 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 6651.~~28398231~~47706766 ~~658~~546.~~78197651~~24593308 0.~~65878198~~54624593 6651.~~28398231~~47706766 A-2 0.00000000 6961.~~21177979~~02534511 ~~630~~522.~~59434447~~78696042 0.~~63059434~~52278696 6961.~~21177979~~02534511 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 2.~~00500~~32250% 0.00 0.00 0.00 0.00 A-1 401,601,000.00 2.~~00500~~32250% ~~291~~240,~~187~~046,~~214~~154.1382 ~~535~~495,~~177~~561.8395 0.00 0.00 A-2 268,767,000.00 12.~~91500~~23250% ~~188~~156,~~084~~909,~~792~~481.6092 ~~330~~311,~~167~~378.1815 0.00 0.00 M-1 58,657,000.00 2.~~16500~~48250% 58,657,000.00 ~~116~~129,~~409~~436.7045 0.00 0.00 M-2 43,993,000.00 23.~~71500~~03250% 43,993,000.00 ~~109~~118,~~487~~585.58 0.00 0.00 M-3 13,826,000.00 23.~~91500~~23250% 13,826,000.00 3639,~~944~~726.2271 0.00 0.00 B-1 12,569,000.00 3.~~21500~~53250% 12,569,000.00 3739,~~041~~466.8966 0.00 0.00 B-2 11,312,000.00 3.~~31500~~63250% 11,312,000.00 3436,~~374~~525.3419 0.00 0.00 B-3 10,893,000.00 4.~~51500~~83250% 10,893,000.00 4546,~~083~~791.4049 0.00 0.00 B-4 11,312,000.00 4.~~61500~~93250% 11,312,000.00 4749,~~854~~596.4784 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.~~38500~~06750% ~~641~~559,~~834~~517,~~006~~636.7374 ~~226~~33,~~513~~571.9206 0.00 0.00 Totals 837,959,863.08 1,~~519~~300,~~054~~640.5308 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 ~~535~~495,~~177~~561.8495 0.00 ~~264~~219,~~567~~372,~~500~~912.5597 A-2 0.00 0.00 ~~330~~311,~~167~~378.1815 0.00 ~~169~~140,~~482~~507,~~950~~882.1899 M-1 0.00 0.00 ~~116~~129,~~409~~436.7145 0.00 58,657,000.00 M-2 0.00 0.00 ~~109~~118,~~487~~585.58 0.00 43,993,000.00 M-3 0.00 0.00 3639,~~944~~726.2271 0.00 13,826,000.00 B-1 0.00 0.00 3739,~~041~~466.8966 0.00 12,569,000.00 B-2 0.00 0.00 3436,~~374~~525.3419 0.00 11,312,000.00 B-3 0.00 0.00 4546,~~083~~791.4049 0.00 10,893,000.00 B-4 0.00 0.00 4749,~~854~~596.4784 0.00 11,312,000.00 C 0.00 0.00 1,~~867~~949,~~105~~623.6962 0.00 5,027,759.18 P 0.00 0.00 ~~740~~632,~~899~~650.0902 0.00 0.01 S 0.00 0.00 ~~226~~33,~~513~~571.9206 0.00 ~~596~~522,~~518~~442,~~459~~795.8696 Totals 0.00 0.00 43,~~127~~882,~~059~~913.3372 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 2.~~00500~~32250% 0.00000000 0.00000000 0.00000000 0.00000000 A-1 401,601,000.00 2.~~00500~~32250% ~~725~~597.~~06595882~~72300074 1.~~33261080~~23396593 0.00000000 0.00000000 A-2 268,767,000.00 12.~~91500~~23250% ~~699~~583.~~80612426~~81230553 1.~~22845134~~15854309 0.00000000 0.00000000 M-1 58,657,000.00 2.~~16500~~48250% 1000.00000000 12.~~98458326~~20666672 0.00000000 0.00000000 M-2 43,993,000.00 23.~~71500~~03250% 1000.00000000 2.~~48875003~~69555566 0.00000000 0.00000000 M-3 13,826,000.00 23.~~91500~~23250% 1000.00000000 2.~~67208303~~87333357 0.00000000 0.00000000 B-1 12,569,000.00 3.~~21500~~53250% 1000.00000000 23.~~94708330~~14000000 0.00000000 0.00000000 B-2 11,312,000.00 3.~~31500~~63250% 1000.00000000 3.~~03875000~~22888879 0.00000000 0.00000000 B-3 10,893,000.00 4.~~51500~~83250% 1000.00000000 4.~~13874966~~29555586 0.00000000 0.00000000 B-4 11,312,000.00 4.~~61500~~93250% 1000.00000000 4.~~23041637~~38444484 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.~~38500~~06750% ~~770~~671.~~57367327~~74620864 0.~~27194829~~04030477 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.~~33261083~~23396593 0.00000000 ~~658~~546.~~78197651~~24593308 A-2 0.00000000 0.00000000 1.~~22845134~~15854309 0.00000000 ~~630~~522.~~59434447~~78696042 M-1 0.00000000 0.00000000 12.~~98458343~~20666672 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~48875003~~69555566 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.~~67208303~~87333357 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 23.~~94708330~~14000000 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.~~03875000~~22888879 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 4.~~13874966~~29555586 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 4.~~23041637~~38444484 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~371~~387.~~21145873~~61738654 0.00000000 999.60159157 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 S 0.00000000 0.00000000 0.~~27194829~~04030477 0.00000000 ~~716~~627.~~16869154~~23486156 (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 4940,~~036~~363,~~077~~657.7321 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~166~~195,~~866~~921.2409 Realized Loss (Gains, Subsequent Expenses & Recoveries) ~~(150~~170,~~128~~651.~~00)~~55 Prepayment Penalties ~~740~~632,~~899~~650.0902 Total Deposits 4941,~~793~~362,~~715~~879.0687 Withdrawals Reimbursement for Servicer Advances ~~167~~162,~~487~~770.9752 Payment of Service Fee ~~277~~242,~~611~~354.7685 Payment of Interest and Principal 4940,~~348~~957,~~615~~754.3350 Total Withdrawals (Pool Distribution Amount) 4941,~~793~~362,~~715~~879.0687 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~269~~235,~~525~~298.9702 Credit Risk Manager's Fee 87,~~085~~056.7983 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~277~~242,~~611~~354.7685

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 2824 0 0 2824 3,~~477~~211,~~430~~179.5282 0.00 0.00 3,~~477~~211,~~430~~179.5282 30 Days 5263 3 2 0 068 ~~54 6~~8,~~666~~935,~~414~~066.7153 ~~341~~163,~~820~~862.6227 0408,111.0027 0.00 79,~~008~~507,~~235~~040.3307 60 Days 717 1 135 0 2123 12,~~052~~489,~~873~~721.0698 1665,~~367~~159.9373 2571,~~192,545~~685.0732 0.00 3,~~261~~126,~~786~~567.0603 90 Days 1812 1620 4247 610 8289 21,~~134~~699,~~417~~240.7138 2,~~065~~378,~~981~~137.2084 78,~~563~~314,~~236~~203.6514 ~~633~~1,~~162~~522,402.5755 1213,~~396~~913,~~798~~983.1391 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 7792 4748 5554 610 ~~185~~204 913,~~853~~124,~~705~~028.4889 5,~~901~~818,~~600~~339.2766 9,~~755~~293,~~781~~999.7273 ~~633~~1,~~162~~522,402.5755 2629,~~144~~758,~~250~~770.0483 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.~~759631~~739599% 0.000000% 0.000000% 0.~~759631~~739599% 0.~~577457~~608142% 0.000000% 0.000000% 0.~~577457~~608142% 30 Days 1.~~410743~~941448% 0.~~054259~~092450% 0.~~000000~~061633% 0.000000% 12.~~465003~~095532% 1.~~107015~~692146% 0.~~056762~~031033% 0.~~000000~~077289% 0.000000% 1.~~163778~~800468% 60 Days 0.~~189908~~523883% 0.~~027130~~030817% 0.~~352686~~154083% 0.000000% 0.~~569723~~708783% 0.~~174839~~471510% 0.~~002718~~012340% 0.~~364091~~108267% 0.000000% 0.~~541648~~592117% 90 Days 0.~~488334~~369800% 0.~~434075~~616333% 1.~~139447~~448382% 0.~~162778~~308166% 2.~~224634~~742681% 0.~~354438~~321807% 0.~~343074~~450378% 1.~~255940~~574566% 0.~~105142~~288317% 2.~~058595~~635067% 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 2.~~088985~~835131% 1.~~275095~~479199% 1.~~492132~~664099% 0.~~162778~~308166% 56.~~018991~~286595% 12.~~636293~~485463% 01.~~980011~~101892% 1.~~620031~~760122% 0.~~105142~~288317% 45.~~341477~~635794% (7) The 90-Day category for ~~deliquent~~delinquent, bankruptcy, foreclosures, and REO contain loans that are 90 days or more delinquent.

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~166~~195,~~866~~921.2409

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~075205~~061037% Weighted Average Net Coupon 6.~~575205~~561036% Weighted Average Pass-Through Rate 6.~~560205~~546036% Weighted Average Maturity (Stepdown Calculation) ~~329~~327 Beginning Scheduled Collateral Loan Count 3,~~941~~459 Number Of Loans Paid In Full ~~255~~214 Ending Scheduled Collateral Loan Count 3,~~686~~245 Beginning Scheduled Collateral Balance ~~646~~564,~~861~~545,~~765~~395.9192 Ending Scheduled Collateral Balance ~~601~~527,~~640~~470,~~209~~555.9114 Ending Actual Collateral Balance at 31-~~Aug~~Oct-2004 ~~602~~528,~~197~~031,~~066~~561.6679 Monthly P &I Constant 43,~~410~~840,~~068~~907.9566 Special Servicing Fee 0.00 Prepayment Penalties ~~740~~632,~~899~~650.0902 Realized Loss Amount ~~150~~(170,~~128~~651.0055) Cumulative Realized Loss ~~205~~211,~~288~~858.2616 Ending Scheduled Balance for Premium Loans ~~601~~527,~~546~~470,~~219~~555.0414 Scheduled Principal ~~579~~518,~~081~~253.0688 Unscheduled Principal 4436,~~642~~556,~~474~~586.9490 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 ~~150~~(170,~~128~~651.0055) Excess Cash Amount 21,~~243~~812,~~747~~543.5213

Miscellaneous Reporting Number of Loans With PPP Passed ~~172~~149 Cumulative PPP 35,~~951~~302,~~099~~877.0667 TRIGGER NO

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