8-K 1 mlm04wm1_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 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) 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 Loan Asset-Backed Certificates, Series 2004-WMC1 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-WMC1 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 Loan Asset-Backed Certificates, Series 2004-WMC1 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 Loan Asset-Backed Certificates, Series 2004-WMC1 Trust, relating to the December 27, 2004 distribution. EX-99.1

Merrill Lynch Mortgage Loans, Inc. Mortgage ~~Pass~~Loan Asset-~~Through~~Backed Certificates Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 ~~MLM~~Merrill Lynch Mortgage Loans, Inc. Mortgage Loan Asset-Backed Certificates Series: 2004-~~WM1~~WMC1 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.~~32250~~57000% 0.00 0.00 0.00 A-1 5899297F9 SEN 2.~~32250~~57000% ~~240~~219,~~046~~414,~~154~~797.8226 ~~495~~485,~~561~~577.9512 2021,~~673~~315,~~241~~306.8517 A-2 5899297G7 SEN 2.~~23250~~48000% ~~156~~140,~~909~~465,~~481~~998.9270 ~~311~~299,~~378~~972.1594 1617,~~401~~269,~~598~~049.9391 M-1 5899297J1 MEZ 2.~~48250~~73000% 58,657,000.00 ~~129~~137,~~436~~892.4583 0.00 M-2 5899297K8 MEZ 3.~~03250~~28000% 43,993,000.00 ~~118~~124,~~585~~255.5878 0.00 M-3 5899297L6 MEZ 3.~~23250~~48000% 13,826,000.00 3941,~~726~~431.7191 0.00 B-1 5899297M4 SUB 3.~~53250~~78000% 12,569,000.00 3940,~~466~~912.6609 0.00 B-2 5899297N2 SUB 3.~~63250~~88000% 11,312,000.00 3637,~~525~~794.1965 0.00 B-3 5899297P7 SUB 45.~~83250~~08000% 10,893,000.00 4647,~~791~~650.4982 0.00 B-4 5899297Q5 SUB 45.~~93250~~18000% 11,312,000.00 4950,~~596~~457.8480 0.00 C 5899297S1 SEN 0.00000% 5,027,759.18 1,~~949~~499,~~623~~852.6288 0.00 P 5899297T9 SEN 0.00000% 0.00 ~~632~~659,~~650~~493.0214 0.00 S 5899297H5 SEN 0.~~06750~~00000% 0.00 ~~33,571~~0.0600 0.00 Totals ~~564~~527,~~545~~470,~~395~~555.9214 3,~~882~~425,~~913~~291.7296 3738,~~074~~584,~~840~~356.7808

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 ~~219~~198,~~372~~099,~~912~~491.9709 21,~~168~~800,~~803~~883.8029 0.00 A-2 0.00 ~~140~~123,~~507~~196,~~882~~948.9979 1617,~~712~~569,~~977~~022.0885 0.00 M-1 0.00 58,657,000.00 ~~129~~137,~~436~~892.4583 0.00 M-2 0.00 43,993,000.00 ~~118~~124,~~585~~255.5878 0.00 M-3 0.00 13,826,000.00 3941,~~726~~431.7191 0.00 B-1 0.00 12,569,000.00 3940,~~466~~912.6609 0.00 B-2 0.00 11,312,000.00 3637,~~525~~794.1965 0.00 B-3 0.00 10,893,000.00 4647,~~791~~650.4982 0.00 B-4 0.00 11,312,000.00 4950,~~596~~457.8480 0.00 C 0.00 5,027,759.18 1,~~949~~499,~~623~~852.6288 0.00 P 0.00 0.00 ~~632~~659,~~650~~493.0214 0.00 S 0.00 0.00 ~~33,571~~0.0600 0.00 Totals 0.00 ~~527~~488,~~470~~886,~~555~~199.1406 4042,~~957~~009,~~754~~648.5004 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 ~~240~~219,~~046~~414,~~154~~797.8226 0.00 2021,~~673~~315,~~241~~306.8517 0.00 0.00 A-2 268,767,000.00 ~~156~~140,~~909~~465,~~481~~998.9270 0.00 1617,~~401~~269,~~598~~049.9391 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 ~~564~~527,~~545~~470,~~395~~555.9214 0.00 3738,~~074~~584,~~840~~356.7808 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 2021,~~673~~315,~~241~~306.8517 ~~219~~198,~~372~~099,~~912~~491.9709 0.~~54624593~~49327440 2021,~~673~~315,~~241~~306.8517 A-2 1617,~~401~~269,~~598~~049.9391 ~~140~~123,~~507~~196,~~882~~948.9979 0.~~52278696~~45837826 1617,~~401~~269,~~598~~049.9391 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 3738,~~074~~584,~~840~~356.7808 ~~527~~488,~~470~~886,~~555~~199.1406 0.~~62946995~~58342436 3738,~~074~~584,~~840~~356.7808

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 ~~597~~546.~~72300074~~35022637 0.00000000 5153.~~47706766~~07582942 0.00000000 A-2 268,767,000.00 ~~583~~522.~~81230553~~63112175 0.00000000 6164.~~02534511~~25286553 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 5153.~~47706766~~07582942 ~~546~~493.~~24593308~~27439695 0.~~54624593~~49327440 5153.~~47706766~~07582942 A-2 0.00000000 6164.~~02534511~~25286553 ~~522~~458.~~78696042~~37825622 0.~~52278696~~45837826 6164.~~02534511~~25286553 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.~~32250~~57000% 0.00 0.00 0.00 0.00 A-1 401,601,000.00 2.~~32250~~57000% ~~240~~219,~~046~~414,~~154~~797.8226 ~~495~~485,~~561~~577.9514 0.00 0.00 A-2 268,767,000.00 2.~~23250~~48000% ~~156~~140,~~909~~465,~~481~~998.9270 ~~311~~299,~~378~~972.1594 0.00 0.00 M-1 58,657,000.00 2.~~48250~~73000% 58,657,000.00 ~~129~~137,~~436~~892.4583 0.00 0.00 M-2 43,993,000.00 3.~~03250~~28000% 43,993,000.00 ~~118~~124,~~585~~255.5878 0.00 0.00 M-3 13,826,000.00 3.~~23250~~48000% 13,826,000.00 3941,~~726~~431.7191 0.00 0.00 B-1 12,569,000.00 3.~~53250~~78000% 12,569,000.00 3940,~~466~~912.6610 0.00 0.00 B-2 11,312,000.00 3.~~63250~~88000% 11,312,000.00 3637,~~525~~794.1965 0.00 0.00 B-3 10,893,000.00 45.~~83250~~08000% 10,893,000.00 4647,~~791~~650.4982 0.00 0.00 B-4 11,312,000.00 45.~~93250~~18000% 11,312,000.00 4950,~~596~~457.8480 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.~~06750~~00000% ~~559~~522,~~517~~442,~~636~~795.7496 ~~33,571~~0.0600 0.00 0.00 Totals 837,959,863.08 1,~~300~~265,~~640~~945.0897 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 0.0001 0.00 ~~495~~485,~~561~~577.9512 0.00 ~~219~~198,~~372~~099,~~912~~491.9709 A-2 0.0001 0.00 ~~311~~299,~~378~~972.1594 0.00 ~~140~~123,~~507~~196,~~882~~948.9979 M-1 0.00 0.00 ~~129~~137,~~436~~892.4583 0.00 58,657,000.00 M-2 0.00 0.00 ~~118~~124,~~585~~255.5878 0.00 43,993,000.00 M-3 0.00 0.00 3941,~~726~~431.7191 0.00 13,826,000.00 B-1 0.00 0.00 3940,~~466~~912.6609 0.00 12,569,000.00 B-2 0.00 0.00 3637,~~525~~794.1965 0.00 11,312,000.00 B-3 0.00 0.00 4647,~~791~~650.4982 0.00 10,893,000.00 B-4 0.00 0.00 4950,~~596~~457.8480 0.00 11,312,000.00 C 0.00 0.00 1,~~949~~499,~~623~~852.6288 0.00 5,027,759.18 P 0.00 0.00 ~~632~~659,~~650~~493.0214 0.00 0.01 S 0.00 0.00 ~~33,571~~0.0600 0.00 ~~522~~483,~~442~~858,~~795~~439.9688 Totals 0.0002 0.00 3,~~882~~425,~~913~~291.7296 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.~~32250~~57000% 0.00000000 0.00000000 0.00000000 0.00000000 A-1 401,601,000.00 2.~~32250~~57000% ~~597~~546.~~72300074~~35022637 1.~~23396593~~20910341 0.00000000 0.00000000 A-2 268,767,000.00 2.~~23250~~48000% ~~583~~522.~~81230553~~63112175 1.~~15854309~~11610778 0.00000000 0.00000000 M-1 58,657,000.00 2.~~48250~~73000% 1000.00000000 2.~~20666672~~35083332 0.00000000 0.00000000 M-2 43,993,000.00 3.~~03250~~28000% 1000.00000000 2.~~69555566~~82444434 0.00000000 0.00000000 M-3 13,826,000.00 3.~~23250~~48000% 1000.00000000 2.~~87333357~~99666643 0.00000000 0.00000000 B-1 12,569,000.00 3.~~53250~~78000% 1000.00000000 3.~~14000000~~25500040 0.00000000 0.00000000 B-2 11,312,000.00 3.~~63250~~88000% 1000.00000000 3.~~22888879~~34111121 0.00000000 0.00000000 B-3 10,893,000.00 45.~~83250~~08000% 1000.00000000 4.~~29555586~~37444414 0.00000000 0.00000000 B-4 11,312,000.00 45.~~93250~~18000% 1000.00000000 4.~~38444484~~46055516 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.~~06750~~00000% ~~671~~627.~~74620864~~23486156 0.~~04030477~~00000000 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~~00000002 0.00000000 1.~~23396593~~20910336 0.00000000 ~~546~~493.~~24593308~~27439695 A-2 0.~~00000000~~00000004 0.00000000 1.~~15854309~~11610778 0.00000000 ~~522~~458.~~78696042~~37825622 M-1 0.00000000 0.00000000 2.~~20666672~~35083332 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~69555566~~82444434 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.~~87333357~~99666643 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 3.~~14000000~~25499960 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.~~22888879~~34111121 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 4.~~29555586~~37444414 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 4.~~38444484~~46055516 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~387~~298.~~61738654~~19553250 0.00000000 999.60159157 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 S 0.00000000 0.00000000 0.~~04030477~~00000000 0.00000000 ~~627~~580.~~23486156~~91121918 (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 4041,~~363~~694,~~657~~829.2119 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~195~~181,~~921~~335.0928 Realized Loss (Gains, Subsequent Expenses & Recoveries) ~~170~~(103,~~651~~715.5567) Prepayment Penalties ~~632~~659,~~650~~493.0214 Total Deposits 4142,~~362~~431,~~879~~941.8794 Withdrawals Reimbursement for Servicer Advances ~~162~~195,~~770~~921.5209 Payment of Service Fee ~~242~~226,~~354~~372.8581 Payment of Interest and Principal 4042,~~957~~009,~~754~~648.5004 Total Withdrawals (Pool Distribution Amount) 4142,~~362~~431,~~879~~941.8794 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.0002

SERVICING FEES Gross Servicing Fee ~~235~~219,~~298~~779.0239 Credit Risk Manager's Fee 76,~~056~~593.8342 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~242~~226,~~354~~372.8581

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 2427 0 0 2427 3,~~211~~291,~~179~~933.8268 0.00 0.00 3,~~211~~291,~~179~~933.8268 30 Days 63 31 20 0 6864 8,~~935~~012,~~066~~078.5316 ~~163~~75,~~862~~959.2732 ~~408,111~~0.2700 0.00 98,~~507~~088,~~040~~037.0748 60 Days 1730 1 51 0 2332 24,~~489~~113,~~721~~522.9890 6571,~~159~~507.7312 ~~571~~233,~~685~~008.3264 0.00 34,~~126~~418,~~567~~038.0366 90 Days 1216 2026 4743 1012 8997 1,~~699~~977,~~240~~611.3827 23,~~378~~300,~~137~~494.8426 87,~~314~~853,~~203~~066.1422 1,~~522~~804,~~402~~771.5575 1314,~~913~~935,~~983~~943.9150 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 92109 4855 5444 1012 ~~204~~220 1314,~~124~~103,~~028~~212.8933 56,~~818~~739,~~339~~894.6638 98,~~293~~086,~~999~~074.7386 1,~~522~~804,~~402~~771.5575 2930,~~758~~733,~~770~~953.8332 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.~~739599~~892857% 0.000000% 0.000000% 0.~~739599~~892857% 0.~~608142~~672633% 0.000000% 0.000000% 0.~~608142~~672633% 30 Days 12.~~941448~~083333% 0.~~092450~~033069% 0.~~061633~~000000% 0.000000% 2.~~095532~~116402% 1.~~692146~~637090% 0.~~031033~~015521% 0.~~077289~~000000% 0.000000% 1.~~800468~~652610% 60 Days 0.~~523883~~992063% 0.~~030817~~033069% 0.~~154083~~033069% 0.000000% 01.~~708783~~058201% 0.~~471510~~840507% 0.~~012340~~014611% 0.~~108267~~047610% 0.000000% 0.~~592117~~902728% 90 Days 0.~~369800~~529101% 0.~~616333~~859788% 1.~~448382~~421958% 0.~~308166~~396825% 23.~~742681~~207672% 0.~~321807~~404081% 0.~~450378~~674383% 1.~~574566~~604599% 0.~~288317~~368765% 23.~~635067~~051828% 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 23.~~835131~~604497% 1.~~479199~~818783% 1.~~664099~~455026% 0.~~308166~~396825% 67.~~286595~~275132% 2.~~485463~~881678% 1.~~101892~~377147% 1.~~760122~~652209% 0.~~288317~~368765% 56.~~635794~~279799% (7) The 90-Day category for 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 ~~195~~181,~~921~~335.0928

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~061037~~054277% Weighted Average Net Coupon 6.~~561036~~554277% Weighted Average Pass-Through Rate 6.~~546036~~539277% Weighted Average Maturity (Stepdown Calculation) ~~327~~326 Beginning Scheduled Collateral Loan Count 3,~~459~~245 Number Of Loans Paid In Full ~~214~~221 Ending Scheduled Collateral Loan Count 3,~~245~~024 Beginning Scheduled Collateral Balance ~~564~~527,~~545~~470,~~395~~555.9214 Ending Scheduled Collateral Balance ~~527~~488,~~470~~886,~~555~~199.1406 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 ~~528~~489,~~031~~409,~~561~~787.7984 Monthly P &I Constant 3,~~840~~589,~~907~~138.6614 Special Servicing Fee 0.00 Prepayment Penalties ~~632~~659,~~650~~493.0214 Realized Loss Amount ~~(170~~103,~~651~~715.~~55)~~67 Cumulative Realized Loss ~~211~~315,~~858~~573.1683 Ending Scheduled Balance for Premium Loans ~~527~~488,~~470~~886,~~555~~199.1406 Scheduled Principal ~~518~~488,~~253~~368.8871 Unscheduled Principal 3638,~~556~~095,~~586~~987.9037 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 ~~(170~~103,~~651~~715.~~55)~~67 Excess Cash Amount 12,~~812~~159,~~543~~346.1302

Miscellaneous Reporting Number of Loans With PPP Passed ~~149~~162 Cumulative PPP 5,~~302~~962,~~877~~370.6781 TRIGGER NO

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