8-K 1 mlc0400b_dec.txt DECEMBER 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): December 27, 2004 MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Pass-Through Certificates, Series 2004-B Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-112231-08 Pooling and Servicing Agreement) (Commission 54-2154080 (State or other File Number) 54-2154081 jurisdiction 54-2154082 of Incorporation) 54-6616724 54-6616725 54-6616726 54-6616727 54-6616728 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 December 27, 2004 a distribution was made to holders of MERRILL LYNCH MORTGAGE INVESTORS, INC., Mortgage Pass-Through Certificates, Series 2004-B Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-B Trust, relating to the December 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, INC. Mortgage Pass-Through Certificates, Series 2004-B 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: 12/29/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-B Trust, relating to the December 27, 2004 distribution. EX-99.1

Merrill Lynch Mortgage Investors, Inc. Mortgage Pass-Through Certificates Record Date: 811/3130/2004 Distribution Date: 912/27/2004 ~~MLC~~Merrill Lynch Mortgage Investors, Inc. Mortgage Pass-Through Certificates Series: 2004-B 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 A-1 59020UBU8 SEN 12.~~86500~~43000% ~~543~~521,~~749~~840,~~040~~014.6434 ~~845~~1,~~076~~056,726.6403 78,~~194~~660,~~897~~160.9663 A-R MLC040BAR SEN 23.~~78676~~03607% 0.00 0.00 0.00 A-2 59020UBV6 SEN 12.~~85250~~39000% ~~166~~159,~~710~~535,~~425~~934.4120 ~~257~~317,~~359~~742.2241 13,~~249~~161,~~533~~489.9597 A-3 59020UBW4 SEN 3.~~01365~~65116% ~~219~~211,~~259~~876,~~778~~725.9552 ~~550~~644,~~642~~663.9471 2,~~363~~232,~~083~~289.4189 X-A 59020UBX2 IO 1.~~13675~~16492% 0.00 ~~673~~661,~~014~~458.1639 0.00 B-1 59020UCB9 SUB 2.~~09500~~66000% 10,000,000.00 1722,~~458~~166.3367 0.00 B-2 59020UCC7 SUB 23.~~49500~~06000% 8,000,000.00 1620,~~633~~400.3300 0.00 B-3 59020UCD5 SUB 3.~~21500~~78000% 4,500,000.00 1214,~~056~~175.2500 0.00 X-B 59020UBZ7 IO 0.~~58359~~61046% 0.00 10,~~144~~774.6338 0.00 B-4 59020UCE3 SUB 3.~~00227~~60086% 2,500,000.00 67,~~254~~501.7378 0.00 B-5 59020UCF0 SUB 3.~~00227~~60086% 2,000,000.00 56,~~003~~001.7843 0.00 B-6 59020UCG8 SUB 3.~~00227~~60086% 3,503,252.91 810,~~764~~512.7626 0.00 LTR2 MLC42BLR2 SEQ 0.00000% 0.00 0.00 0.00 LTR1 MLC41BLR1 SEQ 0.00000% 0.00 0.00 0.00 Totals ~~960~~923,~~222~~755,~~497~~926.9197 2,~~402~~772,~~408~~122.7706 1014,~~807~~053,~~515~~940.3249

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~536~~513,~~554~~179,~~142~~853.6871 89,~~039~~716,~~974~~886.6066 0.00 A-R 0.00 0.00 0.00 0.00 A-2 0.00 ~~165~~156,~~460~~374,~~891~~444.4623 13,~~506~~479,~~893~~232.1738 0.00 A-3 0.00 ~~216~~209,~~896~~644,~~695~~435.5463 2,~~913~~876,~~726~~953.3560 0.00 X-A 0.00 0.00 ~~673~~661,~~014~~458.1639 0.00 B-1 0.00 10,000,000.00 1722,~~458~~166.3367 0.00 B-2 0.00 8,000,000.00 1620,~~633~~400.3300 0.00 B-3 0.00 4,500,000.00 1214,~~056~~175.2500 0.00 X-B 0.00 0.00 10,~~144~~774.6338 0.00 B-4 0.00 2,500,000.00 67,~~254~~501.7378 0.00 B-5 0.00 2,000,000.00 56,~~003~~001.7843 0.00 B-6 0.00 3,503,252.91 810,~~764~~512.7626 0.00 LTR2 0.00 0.00 0.00 0.00 LTR1 0.00 0.00 0.00 0.00 Totals 0.00 ~~949~~909,~~414~~701,~~982~~986.5948 1316,~~209~~826,~~924~~062.0955 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-1 569,500,000.00 ~~543~~521,~~749~~840,~~040~~014.6434 0.00 78,~~194~~660,~~897~~160.9663 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 A-2 175,000,000.00 ~~166~~159,~~710~~535,~~425~~934.4120 0.00 13,~~249~~161,~~533~~489.9597 0.00 0.00 A-3 225,000,000.00 ~~219~~211,~~259~~876,~~778~~725.9552 0.00 2,~~363~~232,~~083~~289.4189 0.00 0.00 X-A 0.00 0.00 0.00 0.00 0.00 0.00 B-1 10,000,000.00 10,000,000.00 0.00 0.00 0.00 0.00 B-2 8,000,000.00 8,000,000.00 0.00 0.00 0.00 0.00 B-3 4,500,000.00 4,500,000.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 B-4 2,500,000.00 2,500,000.00 0.00 0.00 0.00 0.00 B-5 2,000,000.00 2,000,000.00 0.00 0.00 0.00 0.00 B-6 3,503,252.91 3,503,252.91 0.00 0.00 0.00 0.00 LTR2 0.00 0.00 0.00 0.00 0.00 0.00 LTR1 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,000,003,352.91 ~~960~~923,~~222~~755,~~497~~926.9197 0.00 1014,~~807~~053,~~515~~940.3249 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 78,~~194~~660,~~897~~160.9663 ~~536~~513,~~554~~179,~~142~~853.6871 0.~~94214950~~90110598 78,~~194~~660,~~897~~160.9663 A-R 0.00 0.00 0.00000000 0.00 A-2 13,~~249~~161,~~533~~489.9597 ~~165~~156,~~460~~374,~~891~~444.4623 0.~~94549081~~89356825 13,~~249~~161,~~533~~489.9597 A-3 2,~~363~~232,~~083~~289.4189 ~~216~~209,~~896~~644,~~695~~435.5463 0.~~96398531~~93175305 2,~~363~~232,~~083~~289.4189 X-A 0.00 0.00 0.00000000 0.00 B-1 0.00 10,000,000.00 1.00000000 0.00 B-2 0.00 8,000,000.00 1.00000000 0.00 B-3 0.00 4,500,000.00 1.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-4 0.00 2,500,000.00 1.00000000 0.00 B-5 0.00 2,000,000.00 1.00000000 0.00 B-6 0.00 3,503,252.91 1.00000000 0.00 LTR2 0.00 0.00 0.00000000 0.00 LTR1 0.00 0.00 0.00000000 0.00 Totals 1014,~~807~~053,~~515~~940.3249 ~~949~~909,~~414~~701,~~982~~986.5948 0.~~94941180~~90969894 1014,~~807~~053,~~515~~940.3249

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 569,500,000.00 ~~954~~916.~~78321447~~31258005 0.00000000 1215.~~63371020~~20660339 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 A-2 175,000,000.00 ~~952~~911.~~63100234~~63390971 0.00000000 718.~~14019400~~06565697 0.00000000 A-3 225,000,000.00 ~~974~~941.~~48790644~~67433564 0.00000000 109.~~50259293~~92128840 0.00000000 X-A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 10,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 8,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 4,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 2,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 3,503,252.91 1000.00000000 0.00000000 0.00000000 0.00000000 LTR2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 LTR1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All classes are per $1000 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 1215.~~63371020~~20660339 ~~942~~901.~~14950427~~10597666 0.~~94214950~~90110598 1215.~~63371020~~20660339 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 0.00000000 718.~~14019400~~06565697 ~~945~~893.~~49080834~~56825274 0.~~94549081~~89356825 718.~~14019400~~06565697 A-3 0.00000000 109.~~50259293~~92128840 ~~963~~931.~~98531351~~75304724 0.~~96398531~~93175305 109.~~50259293~~92128840 X-A 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 X-B 0.00000000 0.00000000 0.00000000 0.00000000 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 LTR2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 LTR1 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 A-1 569,500,000.00 12.~~86500~~43000% ~~543~~521,~~749~~840,~~040~~014.6434 ~~845~~1,~~076~~056,726.6303 0.00 0.00 A-R 100.00 23.~~78676~~03607% 0.00 0.00 0.00 0.00 A-2 175,000,000.00 12.~~85250~~39000% ~~166~~159,~~710~~535,~~425~~934.4120 ~~257~~317,~~359~~742.2240 0.00 0.00 A-3 225,000,000.00 3.~~01365~~65116% ~~219~~211,~~259~~876,~~778~~725.9552 ~~550~~644,~~642~~663.9471 0.00 0.00 X-A 0.00 1.~~13675~~16492% ~~710~~681,~~459~~375,~~466~~948.0554 ~~673~~661,~~014~~458.1639 0.00 0.00 B-1 10,000,000.00 2.~~09500~~66000% 10,000,000.00 1722,~~458~~166.3367 0.00 0.00 B-2 8,000,000.00 23.~~49500~~06000% 8,000,000.00 1620,~~633~~400.3300 0.00 0.00 B-3 4,500,000.00 3.~~21500~~78000% 4,500,000.00 1214,~~056~~175.2500 0.00 0.00 X-B 0.00 0.~~58359~~61046% 22,500,000.00 1011,~~942~~446.3717 0.00 0.00 B-4 2,500,000.00 3.~~00227~~60086% 2,500,000.00 67,~~254~~501.7378 0.00 0.00 B-5 2,000,000.00 3.~~00227~~60086% 2,000,000.00 56,~~003~~001.7843 0.00 0.00 B-6 3,503,252.91 3.~~00227~~60086% 3,503,252.91 810,~~764~~512.7626 0.00 0.00 LTR2 0.00 0.00000% 0.00 0.00 0.00 0.00 LTR1 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,000,003,352.91 2,~~403~~772,~~206~~793.5084 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 ~~845~~1,~~076~~056,726.6403 0.00 ~~536~~513,~~554~~179,~~142~~853.6871 A-R 0.00 0.00 0.00 0.00 0.00 A-2 0.00 0.00 ~~257~~317,~~359~~742.2241 0.00 ~~165~~156,~~460~~374,~~891~~444.4623 A-3 0.00 0.00 ~~550~~644,~~642~~663.9471 0.00 ~~216~~209,~~896~~644,~~695~~435.5463 X-A 0.00 0.00 ~~673~~661,~~014~~458.1639 0.00 ~~702~~669,~~015~~554,~~034~~297.1494 B-1 0.00 0.00 1722,~~458~~166.3367 0.00 10,000,000.00 B-2 0.00 0.00 1620,~~633~~400.3300 0.00 8,000,000.00 B-3 0.00 0.00 1214,~~056~~175.2500 0.00 4,500,000.00 X-B 0.00 0.00 10,~~144~~774.6338 0.00 22,500,000.00 B-4 0.00 0.00 67,~~254~~501.7378 0.00 2,500,000.00 B-5 0.00 0.00 56,~~003~~001.7843 0.00 2,000,000.00 B-6 0.00 0.00 810,~~764~~512.7626 0.00 3,503,252.91 LTR2 0.00 0.00 0.00 0.00 0.00 LTR1 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,~~402~~772,~~408~~122.7706 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-1 569,500,000.00 12.~~86500~~43000% ~~954~~916.~~78321447~~31258005 1.~~48389224~~85553298 0.00000000 0.00000000 A-R 100.00 23.~~78676~~03607% 0.00000000 0.00000000 0.00000000 0.00000000 A-2 175,000,000.00 12.~~85250~~39000% ~~952~~911.~~63100234~~63390971 1.~~47062411~~81567086 0.00000000 0.00000000 A-3 225,000,000.00 3.~~01365~~65116% ~~974~~941.~~48790644~~67433564 2.~~44730196~~86517204 0.00000000 0.00000000 X-A 0.00 1.~~13675~~16492% ~~954~~915.~~27732176~~21282544 0.~~90398141~~88845989 0.00000000 0.00000000 B-1 10,000,000.00 2.~~09500~~66000% 1000.00000000 12.~~74583300~~21666700 0.00000000 0.00000000 B-2 8,000,000.00 23.~~49500~~06000% 1000.00000000 2.~~07916625~~55000000 0.00000000 0.00000000 B-3 4,500,000.00 3.~~21500~~78000% 1000.00000000 23.~~67916667~~15000000 0.00000000 0.00000000 X-B 0.00 0.~~58359~~61046% 1000.00000000 0.~~48632756~~50871867 0.00000000 0.00000000 B-4 2,500,000.00 3.~~00227~~60086% 1000.00000000 23.~~50189200~~00071200 0.00000000 0.00000000 B-5 2,000,000.00 3.~~00227~~60086% 1000.00000000 23.~~50189000~~00071500 0.00000000 0.00000000 B-6 3,503,252.91 3.~~00227~~60086% 1000.00000000 23.~~50189188~~00071398 0.00000000 0.00000000 LTR2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 LTR1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All classes are per $1000 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.~~48389226~~85553298 0.00000000 ~~942~~901.~~14950427~~10597666 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 0.00000000 0.00000000 1.~~47062411~~81567091 0.00000000 ~~945~~893.~~49080834~~56825274 A-3 0.00000000 0.00000000 2.~~44730196~~86517204 0.00000000 ~~963~~931.~~98531351~~75304724 X-A 0.00000000 0.00000000 0.~~90398141~~88845989 0.00000000 ~~942~~899.~~93490146~~33418125 B-1 0.00000000 0.00000000 12.~~74583300~~21666700 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.~~07916625~~55000000 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 23.~~67916667~~15000000 0.00000000 1000.00000000 X-B 0.00000000 0.00000000 0.~~45087244~~47886133 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 23.~~50189200~~00071200 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 23.~~50189000~~00071500 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 23.~~50189188~~00071398 0.00000000 1000.00000000 LTR2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 LTR1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1317,~~410~~029,~~211~~191.4155 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~314~~47,118.1798 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1317,~~410~~076,~~525~~310.5853 Withdrawals Reimbursement for Servicer Advances ~~555~~57,798.1485 Payment of Service Fee ~~200~~192,~~046~~449.3514 Payment of Interest and Principal 1316,~~209~~826,~~924~~062.0954 Total Withdrawals (Pool Distribution Amount) 1317,~~410~~076,~~525~~310.5853 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~200~~192,~~046~~449.3514 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~200~~192,~~046~~449.3514

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 037 0 0 0 037 015,118,314.0074 0.00 0.00 0.00 015,118,314.0074 60 Days 10 0 0 0 10 ~~116,000~~0.00 0.00 0.00 0.00 ~~116,000~~0.00 90 Days 02 0 0 0 02 0430,480.00 0.00 0.00 0.00 0430,480.00 120 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 139 0 0 0 139 ~~116~~15,~~000~~548,794.0074 0.00 0.00 0.00 ~~116~~15,~~000~~548,794.0074 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 01.~~000000~~367837% 0.000000% 0.000000% 0.000000% 01.~~000000~~367837% 01.~~000000~~661898% 0.000000% 0.000000% 0.000000% 01.~~000000~~661898% 60 Days 0.~~035651~~000000% 0.000000% 0.000000% 0.000000% 0.~~035651~~000000% 0.~~012218~~000000% 0.000000% 0.000000% 0.000000% 0.~~012218~~000000% 90 Days 0.~~000000~~073937% 0.000000% 0.000000% 0.000000% 0.~~000000~~073937% 0.~~000000~~047321% 0.000000% 0.000000% 0.000000% 0.~~000000~~047321% 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.~~035651~~441774% 0.000000% 0.000000% 0.000000% 01.~~035651~~441774% 01.~~012218~~709219% 0.000000% 0.000000% 0.000000% 01.~~012218~~709219%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 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 019 0 0 0 019 07,068,256.0071 0.00 0.00 0.00 07,068,256.0071 60 Days 10 0 0 0 10 ~~116,000~~0.00 0.00 0.00 0.00 ~~116,000~~0.00 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 119 0 0 0 119 ~~116~~7,~~000~~068,256.0071 0.00 0.00 0.00 ~~116~~7,~~000~~068,256.0071 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~000000~~245085% 0.000000% 0.000000% 0.000000% 01.~~000000~~245085% 01.~~000000~~330880% 0.000000% 0.000000% 0.000000% 01.~~000000~~330880% 60 Days 0.~~063052~~000000% 0.000000% 0.000000% 0.000000% 0.~~063052~~000000% 0.~~020921~~000000% 0.000000% 0.000000% 0.000000% 0.~~020921~~000000% 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.~~063052~~245085% 0.000000% 0.000000% 0.000000% 01.~~063052~~245085% 01.~~020921~~330880% 0.000000% 0.000000% 0.000000% 01.~~020921~~330880% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 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 010 0 0 0 010 04,236,322.0076 0.00 0.00 0.00 04,236,322.0076 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 01 0 0 0 01 0268,980.00 0.00 0.00 0.00 0268,980.00 120 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 011 0 0 0 011 04,505,302.0076 0.00 0.00 0.00 04,505,302.0076 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~000000~~020202% 0.000000% 0.000000% 0.000000% 02.~~000000~~020202% 02.~~000000~~616942% 0.000000% 0.000000% 0.000000% 02.~~000000~~616942% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.~~000000~~202020% 0.000000% 0.000000% 0.000000% 0.~~000000~~202020% 0.~~000000~~166159% 0.000000% 0.000000% 0.000000% 0.~~000000~~166159% 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 02.~~000000~~222222% 0.000000% 0.000000% 0.000000% 02.~~000000~~222222% 02.~~000000~~783101% 0.000000% 0.000000% 0.000000% 02.~~000000~~783101% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 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 08 0 0 0 08 03,813,735.0027 0.00 0.00 0.00 03,813,735.0027 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 01 0 0 0 01 0161,500.00 0.00 0.00 0.00 0161,500.00 120 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 09 0 0 0 09 03,975,235.0027 0.00 0.00 0.00 03,975,235.0027 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~000000~~169591% 0.000000% 0.000000% 0.000000% 01.~~000000~~169591% 01.~~000000~~759712% 0.000000% 0.000000% 0.000000% 01.~~000000~~759712% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.~~000000~~146199% 0.000000% 0.000000% 0.000000% 0.~~000000~~146199% 0.~~000000~~074518% 0.000000% 0.000000% 0.000000% 0.~~000000~~074518% 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.~~000000~~315789% 0.000000% 0.000000% 0.000000% 01.~~000000~~315789% 01.~~000000~~834230% 0.000000% 0.000000% 0.000000% 01.~~000000~~834230%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~314~~47,118.1798

COLLATERAL STATEMENT Collateral Description 6 Month LIBOR ARM Weighted Average Gross Coupon 3.~~252315~~851110% Weighted Average Net Coupon 3.~~002315~~601110% Weighted Average Pass-Through Rate 3.~~002315~~601110% Weighted Average Maturity(Stepdown Calculation ) ~~296~~293 Beginning Scheduled Collateral Loan Count 2,~~833~~742 Number Of Loans Paid In Full 2837 Ending Scheduled Collateral Loan Count 2,~~805~~705 Beginning Scheduled Collateral Balance ~~960~~923,~~222~~755,~~497~~926.9197 Ending Scheduled Collateral Balance ~~949~~909,~~414~~701,~~982~~986.5948 Ending Actual Collateral Balance at 3130-~~Aug~~Nov-2004 ~~949~~909,~~414~~701,~~982~~986.5948 Monthly P &I Constant 2,~~602~~964,~~455~~571.1219 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 ~~949~~909,~~414~~701,~~982~~986.5948 Scheduled Principal 0.00 Unscheduled Principal 1014,~~807~~053,~~515~~940.3249

Group Level Collateral Statement Group 1 2 3 Collateral Description 6 Month LIBOR ARM 6 Month LIBOR ARM 6 Month LIBOR ARM Weighted Average Coupon Rate 3.~~243388~~812908 3.~~266536~~909640 3.~~263647~~901163 Weighted Average Net Rate 23.~~993388~~562908 3.~~016536~~659640 3.~~013647~~651163 Weighted Average Maturity ~~296~~293 ~~296~~293 ~~296~~293 Beginning Loan Count 1,~~602~~553 ~~519~~499 ~~712~~690 Loans Paid In Full 1627 34 96 Ending Loan Count 1,~~586~~526 ~~516~~495 ~~703~~684 Beginning Scheduled Balance ~~561~~539,~~665~~756,~~492~~466.6636 ~~172~~165,~~216~~042,~~659~~167.1493 ~~226~~218,~~340~~957,~~346~~292.1168 Ending scheduled Balance ~~554~~531,~~470~~096,~~594~~305.7073 ~~170~~161,~~967~~880,~~125~~677.1996 ~~223~~216,~~977~~725,~~262~~002.7079 Record Date 0811/3130/2004 0811/3130/2004 0811/3130/2004 Principal And Interest Constant 1,~~518~~715,~~082~~034.7791 ~~468~~537,~~793~~712.2388 ~~615~~711,~~579~~823.1240 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 78,~~194~~660,~~897~~160.9663 13,~~249~~161,~~533~~489.9597 2,~~363~~232,~~083~~289.4189 Scheduled Interest 1,~~518~~715,~~082~~034.7791 ~~468~~537,~~793~~712.2388 ~~615~~711,~~579~~823.1240 Servicing Fees ~~117~~112,~~013~~449.6426 3534,~~878~~383.4778 4745,~~154~~616.2410 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,~~401~~602,~~069~~585.1365 ~~432~~503,~~914~~329.7610 ~~568~~666,~~424~~207.8830 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 23.~~993388~~562908 3.~~016536~~659640 3.~~013647~~651163

Group Level Collateral Statement Group Total Collateral Description 6 Month LIBOR ARM Weighted Average Coupon Rate 3.~~252315~~851110 Weighted Average Net Rate 3.~~002315~~601110 Weighted Average Maturity ~~296~~293 Beginning Loan Count 2,~~833~~742 Loans Paid In Full 2837 Ending Loan Count 2,~~805~~705 Beginning Scheduled Balance ~~960~~923,~~222~~755,~~497~~926.9197 Ending scheduled Balance ~~949~~909,~~414~~701,~~982~~986.5948 Record Date 0811/3130/2004 Principal And Interest Constant 2,~~602~~964,~~455~~571.1219 Scheduled Principal 0.00 Unscheduled Principal 1014,~~807~~053,~~515~~940.3249 Scheduled Interest 2,~~602~~964,~~455~~571.1219 Servicing Fees ~~200~~192,~~046~~449.3514 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 2,~~402~~772,~~408~~122.7705 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 3.~~002315~~601110

Filing Compare · MERRILL LYNCH MORTGAGE INVESTORS TRUST SERIES MLCC 2004-B