8-K 1 mlm04a03_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-A03 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-112231-18 Pooling and Servicing Agreement) (Commission 54-6636563 (State or other File Number) 54-6636564 jurisdiction IRS EIN of Incorporation) 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-A03 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-A03 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-A03 Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/5/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-A03 Trust, relating to the December 27, 2004 distribution. EX-99.1

Merrill Lynch Mortgage Loans, Inc. Mortgage Pass-Through Certificates Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 ~~MLM~~Merrill Lynch Mortgage Loans, Inc. Mortgage Pass-Through Certificates Series: 2004-A03 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 I-A 59020UHF5 SEQ 4.~~14212~~12847% ~~107~~105,~~663~~120,~~300~~050.3679 ~~371~~361,~~628~~654.3102 21,~~543~~432,~~249~~436.5703 II-A 59020UHG3 SEQ 4.~~59996~~57305% 3734,~~031~~936,~~663~~579.9835 ~~141~~133,~~953~~138.3896 23,~~095~~862,~~084~~265.6377 III-A-1 59020UHH1 SEQ 4.~~78774~~78565% 9796,~~516~~176,~~436~~017.6836 ~~389~~383,~~069~~554.3813 1,~~340~~291,~~419~~120.3231 III-A-2 59020UHJ7 SEQ 4.~~78774~~78565% 28,~~554~~162,~~762~~261.9940 ~~113~~112,~~927~~312.2932 ~~392~~378,~~501~~065.5885 III-A-3 59020UHK4 SEQ 4.~~78774~~78565% ~~989~~976,~~791~~186.8358 3,~~949~~893.0507 13,~~605~~104.2687 IV-A-1 59020UHL2 SEQ 5.~~07800~~07648% 38,~~899~~516,~~372~~630.7665 ~~164~~162,~~609~~940.1464 ~~382~~35,~~742~~354.1133 IV-A-2 59020UHM0 SEQ 5.~~07800~~07648% 1,~~473~~459,~~614~~114.2493 6,~~235~~172.8464 141,~~499~~339.3132 IV-A-3 59020UHN8 SEQ 5.~~07800~~07648% 4847,~~301~~825,~~050~~802.6674 ~~204~~202,~~393~~322.9013 ~~475~~43,~~247~~899.9220 M-1 59020UHP3 SUB 4.~~64149~~63346% 6,~~595~~591,~~237~~839.1037 25,~~509~~452.7452 3,~~397~~433.7462 M-2 59020UHQ1 SUB 4.~~64149~~63346% 2,~~715~~713,~~215~~816.7693 10,~~502~~478.1964 1,~~398~~413.8360 M-3 59020UHR9 SUB 4.~~64149~~63346% 1,~~746~~745,~~209~~309.4079 6,~~754~~739.1702 ~~899~~909.6111 B-1 MLM04A3B1 SUB 4.~~64149~~63346% 1,163,~~806~~207.6104 4,~~501~~491.4940 ~~599~~605.5790 B-2 MLM04A3B2 SUB 4.~~64149~~63346% 1,163,~~806~~207.6104 4,~~501~~491.4940 ~~599~~605.5790 B-3 MLM04A3B3 SUB 4.~~64149~~63346% ~~777~~776,~~333~~933.9144 32,~~006~~999.6591 ~~400~~404.4770 R-I MLM04A3R1 SEQ 0.00000% 0.00 0.00 0.00 R-II MLM04A3R2 SEQ 0.00000% 0.00 0.00 0.00 Totals ~~374~~367,~~591~~326,~~602~~957.8941 1,~~450~~420,~~542~~640.0280 7,~~264~~064,~~645~~958.4951

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 ~~105~~103,~~120~~687,~~050~~614.7976 21,~~914~~794,~~877~~090.8805 0.00 II-A 0.00 3431,~~936~~074,~~579~~313.3558 23,~~237~~995,~~038~~404.0173 0.00 III-A-1 0.00 9694,~~176~~884,~~017~~897.3605 1,~~729~~674,~~488~~674.7044 0.00 III-A-2 0.00 2827,~~162~~784,~~261~~195.4055 ~~506~~490,~~428~~378.8717 0.00 III-A-3 0.00 ~~976~~963,~~186~~081.5871 1716,~~554~~997.3194 0.00 IV-A-1 0.00 38,~~516~~481,~~630~~276.6532 ~~547~~198,~~351~~294.2597 0.00 IV-A-2 0.00 1,~~459~~457,~~114~~775.9361 207,~~735~~511.1596 0.00 IV-A-3 0.00 47,~~825~~781,~~802~~903.7454 ~~679~~246,~~641~~221.8233 0.00 M-1 0.00 6,~~591~~588,~~839~~405.3775 28,~~907~~886.4814 0.00 M-2 0.00 2,~~713~~712,~~816~~403.9334 11,~~901~~892.0224 0.00 M-3 0.00 1,~~745~~744,~~309~~400.7967 7,~~653~~648.7813 0.00 B-1 0.00 1,~~163~~162,~~207~~601.0414 5,~~101~~097.0630 0.00 B-2 0.00 1,~~163~~162,~~207~~601.0414 5,~~101~~097.0630 0.00 B-3 0.00 776,~~933~~528.4474 3,~~407~~404.1261 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 0.00 ~~367~~360,~~326~~261,~~957~~998.4190 8,~~715~~485,~~187~~599.5131 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) I-A 114,695,000.00 ~~107~~105,~~663~~120,~~300~~050.3679 5150,~~839~~679.6004 21,~~491~~381,~~409~~756.9799 0.00 0.00 II-A 37,989,000.00 3734,~~031~~936,~~663~~579.9835 16,~~804~~847.9415 23,~~078~~845,~~279~~418.6962 0.00 0.00 III-A-1 100,000,000.00 9796,~~516~~176,~~436~~017.6836 5352,~~354~~805.4480 1,~~287~~238,~~064~~314.8750 0.00 0.00 III-A-2 29,282,000.00 28,~~554~~162,~~762~~261.9940 15,~~623~~462.2560 ~~376~~362,~~878~~603.3425 0.00 0.00 III-A-3 1,015,000.00 ~~989~~976,~~791~~186.8358 ~~541~~535.5598 1312,~~063~~568.7189 0.00 0.00 IV-A-1 40,000,000.00 38,~~899~~516,~~372~~630.7665 2021,~~907~~012.4785 ~~361~~14,~~834~~341.6448 0.00 0.00 IV-A-2 1,515,309.00 1,~~473~~459,~~614~~114.2493 ~~792~~796.0302 ~~13,707~~543.2829 0.00 0.00 IV-A-3 49,667,691.00 4847,~~301~~825,~~050~~802.6674 2526,~~960~~091.6550 ~~449~~17,~~287~~807.2771 0.00 0.00 M-1 6,602,000.00 6,~~595~~591,~~237~~839.1037 3,~~397~~433.7462 0.00 0.00 0.00 M-2 2,718,000.00 2,~~715~~713,~~215~~816.7693 1,~~398~~413.8360 0.00 0.00 0.00 M-3 1,748,000.00 1,~~746~~745,~~209~~309.4079 ~~899~~909.6111 0.00 0.00 0.00 B-1 1,165,000.00 1,163,~~806~~207.6104 ~~599~~605.5790 0.00 0.00 0.00 B-2 1,165,000.00 1,163,~~806~~207.6104 ~~599~~605.5790 0.00 0.00 0.00 B-3 778,131.00 ~~777~~776,~~333~~933.9144 ~~400~~404.4770 0.00 0.00 0.00 R-I 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Totals 388,340,131.00 ~~374~~367,~~591~~326,~~602~~957.8941 ~~193~~191,~~119~~603.7277 76,~~071~~873,~~525~~354.7773 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 I-A 21,~~543~~432,~~249~~436.5703 ~~105~~103,~~120~~687,~~050~~614.7976 0.~~91651816~~90402908 21,~~543~~432,~~249~~436.5703 II-A 23,~~095~~862,~~084~~265.6377 3431,~~936~~074,~~579~~313.3558 0.~~91964988~~81798188 23,~~095~~862,~~084~~265.6377 III-A-1 1,~~340~~291,~~419~~120.3231 9694,~~176~~884,~~017~~897.3605 0.~~96176017~~94884897 1,~~340~~291,~~419~~120.3231 III-A-2 ~~392~~378,~~501~~065.5885 2827,~~162~~784,~~261~~195.4055 0.~~96176017~~94884897 ~~392~~378,~~501~~065.5885 III-A-3 13,~~605~~104.2687 ~~976~~963,~~186~~081.5871 0.~~96176018~~94884898 13,~~605~~104.2687 IV-A-1 ~~382~~35,~~742~~354.1133 38,~~516~~481,~~630~~276.6532 0.~~96291577~~96203191 ~~382~~35,~~742~~354.1133 IV-A-2 141,~~499~~339.3132 1,~~459~~457,~~114~~775.9361 0.~~96291577~~96203191 141,~~499~~339.3132 IV-A-3 ~~475~~43,~~247~~899.9220 47,~~825~~781,~~802~~903.7454 0.~~96291577~~96203191 ~~475~~43,~~247~~899.9220 M-1 3,~~397~~433.7462 6,~~591~~588,~~839~~405.3775 0.~~99846098~~99794089 3,~~397~~433.7462 M-2 1,~~398~~413.8360 2,~~713~~712,~~816~~403.9334 0.~~99846097~~99794089 1,~~398~~413.8360 M-3 ~~899~~909.6111 1,~~745~~744,~~309~~400.7967 0.~~99846098~~99794089 ~~899~~909.6111 B-1 ~~599~~605.5790 1,~~163~~162,~~207~~601.0414 0.~~99846098~~99794089 ~~599~~605.5790 B-2 ~~599~~605.5790 1,~~163~~162,~~207~~601.0414 0.~~99846098~~99794089 ~~599~~605.5790 B-3 ~~400~~404.4770 776,~~933~~528.4474 0.~~99846098~~99794089 ~~400~~404.4770 R-I 0.00 0.00 0.00000000 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 7,~~264~~064,~~645~~958.4951 ~~367~~360,~~326~~261,~~957~~998.4190 0.~~94588977~~92769706 7,~~264~~064,~~645~~958.4951

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 114,695,000.00 ~~938~~916.~~69218676~~51816374 0.~~45197785~~44185919 2112.~~72204516~~04722952 0.00000000 II-A 37,989,000.00 ~~974~~919.~~79965200~~64988154 0.~~44236332~~44347443 54101.~~70740714~~22452868 0.00000000 III-A-1 100,000,000.00 ~~975~~961.~~16436680~~76017360 0.~~53354440~~52805800 12.~~87064870~~38314500 0.00000000 III-A-2 29,282,000.00 ~~975~~961.~~16436685~~76017349 0.~~53354450~~52805819 12.~~87064886~~38314494 0.00000000 III-A-3 1,015,000.00 ~~975~~961.~~16436453~~76017734 0.~~53354680~~52805911 12.~~87065025~~38314286 0.00000000 IV-A-1 40,000,000.00 ~~972~~962.~~48431900~~91576625 0.~~52268675~~52532125 90.~~04586600~~35853700 0.00000000 IV-A-2 1,515,309.00 ~~972~~962.~~48431838~~91576834 0.~~52268547~~52531860 90.~~04586457~~35853413 0.00000000 IV-A-3 49,667,691.00 ~~972~~962.~~48431903~~91576631 0.~~52268687~~52532138 90.~~04586585~~35853710 0.00000000 M-1 6,602,000.00 998.~~97562860~~46097698 0.~~51465314~~52008785 0.00000000 0.00000000 M-2 2,718,000.00 998.~~97562914~~46097498 0.~~51465416~~52008830 0.00000000 0.00000000 M-3 1,748,000.00 998.~~97562929~~46097826 0.~~51465103~~52008581 0.00000000 0.00000000 B-1 1,165,000.00 998.~~97563090~~46097854 0.~~51465236~~52008584 0.00000000 0.00000000 B-2 1,165,000.00 998.~~97563090~~46097854 0.~~51465236~~52008584 0.00000000 0.00000000 B-3 778,131.00 998.~~97563521~~46097894 0.~~51465627~~52009238 0.00000000 0.00000000 R-I 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 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 I-A 0.00000000 2212.~~17402302~~48908871 ~~916~~904.~~51816374~~02907503 0.~~91651816~~90402908 2212.~~17402302~~48908871 II-A 0.00000000 55101.~~14977046~~66800311 ~~919~~817.~~64988154~~98187844 0.~~91964988~~81798188 55101.~~14977046~~66800311 III-A-1 0.00000000 1312.~~40419320~~91120310 ~~961~~948.~~76017360~~84897050 0.~~96176017~~94884897 1312.~~40419320~~91120310 III-A-2 0.00000000 1312.~~40419302~~91120313 ~~961~~948.~~76017349~~84897036 0.~~96176017~~94884897 1312.~~40419302~~91120313 III-A-3 0.00000000 1312.~~40419704~~91120197 ~~961~~948.~~76017734~~84897537 0.~~96176018~~94884898 1312.~~40419704~~91120197 IV-A-1 0.00000000 90.~~56855275~~88385825 962.~~91576625~~03190800 0.~~96291577~~96203191 90.~~56855275~~88385825 IV-A-2 0.00000000 90.~~56855004~~88385933 962.~~91576834~~03190900 0.~~96291577~~96203191 90.~~56855004~~88385933 IV-A-3 0.00000000 90.~~56855272~~88385828 962.~~91576631~~03190803 0.~~96291577~~96203191 90.~~56855272~~88385828 M-1 0.00000000 0.~~51465314~~52008785 ~~998~~997.~~46097698~~94088912 0.~~99846098~~99794089 0.~~51465314~~52008785 M-2 0.00000000 0.~~51465416~~52008830 ~~998~~997.~~46097498~~94089036 0.~~99846097~~99794089 0.~~51465416~~52008830 M-3 0.00000000 0.~~51465103~~52008581 ~~998~~997.~~46097826~~94088673 0.~~99846098~~99794089 0.~~51465103~~52008581 B-1 0.00000000 0.~~51465236~~52008584 ~~998~~997.~~46097854~~94089270 0.~~99846098~~99794089 0.~~51465236~~52008584 B-2 0.00000000 0.~~51465236~~52008584 ~~998~~997.~~46097854~~94089270 0.~~99846098~~99794089 0.~~51465236~~52008584 B-3 0.00000000 0.~~51465627~~52009238 ~~998~~997.~~46097894~~94088656 0.~~99846098~~99794089 0.~~51465627~~52009238 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 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 I-A 114,695,000.00 4.~~14212~~12847% ~~107~~105,~~663~~120,~~300~~050.3679 ~~371~~361,~~628~~654.3102 0.00 0.00 II-A 37,989,000.00 4.~~59996~~57305% 3734,~~031~~936,~~663~~579.9835 ~~141~~133,~~953~~138.3896 0.00 0.00 III-A-1 100,000,000.00 4.~~78774~~78565% 9796,~~516~~176,~~436~~017.6836 ~~389~~383,~~069~~554.3813 0.00 0.00 III-A-2 29,282,000.00 4.~~78774~~78565% 28,~~554~~162,~~762~~261.9940 ~~113~~112,~~927~~312.2932 0.00 0.00 III-A-3 1,015,000.00 4.~~78774~~78565% ~~989~~976,~~791~~186.8358 3,~~949~~893.0507 0.00 0.00 IV-A-1 40,000,000.00 5.~~07800~~07648% 38,~~899~~516,~~372~~630.7665 ~~164~~162,~~609~~940.1464 0.00 0.00 IV-A-2 1,515,309.00 5.~~07800~~07648% 1,~~473~~459,~~614~~114.2493 6,~~235~~172.8464 0.00 0.00 IV-A-3 49,667,691.00 5.~~07800~~07648% 4847,~~301~~825,~~050~~802.6674 ~~204~~202,~~393~~322.9013 0.00 0.00 M-1 6,602,000.00 4.~~64149~~63346% 6,~~595~~591,~~237~~839.1037 25,~~509~~452.7452 0.00 0.00 M-2 2,718,000.00 4.~~64149~~63346% 2,~~715~~713,~~215~~816.7693 10,~~502~~478.1964 0.00 0.00 M-3 1,748,000.00 4.~~64149~~63346% 1,~~746~~745,~~209~~309.4079 6,~~754~~739.1702 0.00 0.00 B-1 1,165,000.00 4.~~64149~~63346% 1,163,~~806~~207.6104 4,~~501~~491.4940 0.00 0.00 B-2 1,165,000.00 4.~~64149~~63346% 1,163,~~806~~207.6104 4,~~501~~491.4940 0.00 0.00 B-3 778,131.00 4.~~64149~~63346% ~~777~~776,~~333~~933.9144 32,~~006~~999.6591 0.00 0.00 R-I 0.00 0.00000% 0.00 0.00 0.00 0.00 R-II 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 388,340,131.00 1,~~450~~420,~~542~~640.0280 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 I-A 0.00 0.00 ~~371~~361,~~628~~654.3102 0.00 ~~105~~103,~~120~~687,~~050~~614.7976 II-A 0.00 0.00 ~~141~~133,~~953~~138.3896 0.00 3431,~~936~~074,~~579~~313.3558 III-A-1 0.00 0.00 ~~389~~383,~~069~~554.3813 0.00 9694,~~176~~884,~~017~~897.3605 III-A-2 0.00 0.00 ~~113~~112,~~927~~312.2932 0.00 2827,~~162~~784,~~261~~195.4055 III-A-3 0.00 0.00 3,~~949~~893.0507 0.00 ~~976~~963,~~186~~081.5871 IV-A-1 0.00 0.00 ~~164~~162,~~609~~940.1464 0.00 38,~~516~~481,~~630~~276.6532 IV-A-2 0.00 0.00 6,~~235~~172.8464 0.00 1,~~459~~457,~~114~~775.9361 IV-A-3 0.00 0.00 ~~204~~202,~~393~~322.9013 0.00 47,~~825~~781,~~802~~903.7454 M-1 0.00 0.00 25,~~509~~452.7452 0.00 6,~~591~~588,~~839~~405.3775 M-2 0.00 0.00 10,~~502~~478.1964 0.00 2,~~713~~712,~~816~~403.9334 M-3 0.00 0.00 6,~~754~~739.1702 0.00 1,~~745~~744,~~309~~400.7967 B-1 0.00 0.00 4,~~501~~491.4940 0.00 1,~~163~~162,~~207~~601.0414 B-2 0.00 0.00 4,~~501~~491.4940 0.00 1,~~163~~162,~~207~~601.0414 B-3 0.00 0.00 32,~~006~~999.6591 0.00 776,~~933~~528.4474 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,~~450~~420,~~542~~640.0280 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 I-A 114,695,000.00 4.~~14212~~12847% ~~938~~916.~~69218676~~51816374 3.~~24014395~~15318035 0.00000000 0.00000000 II-A 37,989,000.00 4.~~59996~~57305% ~~974~~919.~~79965200~~64988154 3.~~73669694~~50467135 0.00000000 0.00000000 III-A-1 100,000,000.00 4.~~78774~~78565% ~~975~~961.~~16436680~~76017360 3.~~89069380~~83554130 0.00000000 0.00000000 III-A-2 29,282,000.00 4.~~78774~~78565% ~~975~~961.~~16436685~~76017349 3.~~89069360~~83554129 0.00000000 0.00000000 III-A-3 1,015,000.00 4.~~78774~~78565% ~~975~~961.~~16436453~~76017734 3.~~89068966~~83553695 0.00000000 0.00000000 IV-A-1 40,000,000.00 5.~~07800~~07648% ~~972~~962.~~48431900~~91576625 4.~~11522850~~07351600 0.00000000 0.00000000 IV-A-2 1,515,309.00 5.~~07800~~07648% ~~972~~962.~~48431838~~91576834 4.~~11522666~~07351900 0.00000000 0.00000000 IV-A-3 49,667,691.00 5.~~07800~~07648% ~~972~~962.~~48431903~~91576631 4.~~11522855~~07351592 0.00000000 0.00000000 M-1 6,602,000.00 4.~~64149~~63346% 998.~~97562860~~46097698 3.~~86394123~~85527416 0.00000000 0.00000000 M-2 2,718,000.00 4.~~64149~~63346% 998.~~97562914~~46097498 3.~~86394040~~85527594 0.00000000 0.00000000 M-3 1,748,000.00 4.~~64149~~63346% 998.~~97562929~~46097826 3.~~86394165~~85527460 0.00000000 0.00000000 B-1 1,165,000.00 4.~~64149~~63346% 998.~~97563090~~46097854 3.~~86393991~~85527897 0.00000000 0.00000000 B-2 1,165,000.00 4.~~64149~~63346% 998.~~97563090~~46097854 3.~~86393991~~85527897 0.00000000 0.00000000 B-3 778,131.00 4.~~64149~~63346% 998.~~97563521~~46097894 3.~~86393808~~85527630 0.00000000 0.00000000 R-I 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 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 I-A 0.00000000 0.00000000 3.~~24014395~~15318035 0.00000000 ~~916~~904.~~51816374~~02907503 II-A 0.00000000 0.00000000 3.~~73669694~~50467135 0.00000000 ~~919~~817.~~64988154~~98187844 III-A-1 0.00000000 0.00000000 3.~~89069380~~83554130 0.00000000 ~~961~~948.~~76017360~~84897050 III-A-2 0.00000000 0.00000000 3.~~89069360~~83554129 0.00000000 ~~961~~948.~~76017349~~84897036 III-A-3 0.00000000 0.00000000 3.~~89068966~~83553695 0.00000000 ~~961~~948.~~76017734~~84897537 IV-A-1 0.00000000 0.00000000 4.~~11522850~~07351600 0.00000000 962.~~91576625~~03190800 IV-A-2 0.00000000 0.00000000 4.~~11522666~~07351900 0.00000000 962.~~91576834~~03190900 IV-A-3 0.00000000 0.00000000 4.~~11522855~~07351592 0.00000000 962.~~91576631~~03190803 M-1 0.00000000 0.00000000 3.~~86394123~~85527416 0.00000000 ~~998~~997.~~46097698~~94088912 M-2 0.00000000 0.00000000 3.~~86394040~~85527594 0.00000000 ~~998~~997.~~46097498~~94089036 M-3 0.00000000 0.00000000 3.~~86394165~~85527460 0.00000000 ~~998~~997.~~46097826~~94088673 B-1 0.00000000 0.00000000 3.~~86393991~~85527897 0.00000000 ~~998~~997.~~46097854~~94089270 B-2 0.00000000 0.00000000 3.~~86393991~~85527897 0.00000000 ~~998~~997.~~46097854~~94089270 B-3 0.00000000 0.00000000 3.~~86393808~~85527630 0.00000000 ~~998~~997.~~46097894~~94088656 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 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.

~~LOAN~~CERTIFICATEHOLDER ~~STATUS~~ACCOUNT ~~STRATIFICATION/CREDIT ENHANCEMENT~~ STATEMENT ~~DELINQUENCY~~CERTIFICATE ~~STATUS~~ACCOUNT ~~DELINQUENT~~Beginning ~~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~~Deposits ~~0.00~~Payments ~~0.00~~of 30Interest ~~Days~~and 7Principal ~~0 0 0 7 4~~8,~~132~~566,~~146~~350.0406 ~~0.00 0.00 0.00 4~~Liquidations,~~132,146.04~~ 60Insurance ~~Days 1 0 0 0 1 441~~Proceeds,~~957.57~~ ~~0.00~~Reserve ~~0.00~~Funds 0.00 ~~441,957.57~~Proceeds 90from ~~Days~~Repurchased 0Loans 0 ~~0 0 0 0~~.00 ~~0.00~~Other ~~0.00~~Amounts ~~0.00~~(Servicer ~~0.00~~Advances) ~~120 Days 0 0 0 0 0 0~~18,835.0076 ~~0.00~~Realized ~~0.00~~Loss ~~0.00~~(Gains, ~~0.00~~Subsequent ~~150~~Expenses ~~Days~~& 0Recoveries) 0 ~~0 0 0 0~~.00 ~~0.00~~Prepayment ~~0.00~~Penalties 0.00 ~~0.00~~Total ~~180+~~Deposits ~~Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals~~ 8 ~~0 0 0 8 4~~,~~574~~585,~~103~~185.6182 ~~0.00~~Withdrawals ~~0.00~~Reimbursement ~~0.00~~for 4Servicer Advances 22,~~574,103~~239.6120 NoPayment of ~~Loans~~Service NoFee of77,347.03 ~~Loans~~Payment No of ~~Loans~~Interest Noand ~~of Loans No of Loans~~ Principal ~~Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0~~8,485,599.~~000000%~~59 ~~0.000000%~~Total ~~0.000000%~~Withdrawals ~~0.000000%~~(Pool ~~0.000000%~~Distribution ~~0.000000%~~Amount) 08,585,185.~~000000%~~82 ~~0.000000%~~Ending 30Balance ~~Days~~ 0.970874% 0.000000% 0.000000% 0.000000% 0.970874% 1.124505% 0.000000% 0.000000% 0.000000% 1.124505% 60 Days 0.138696% 0.000000% 0.000000% 0.000000% 0.138696% 0.120273% 0.000000% 0.000000% 0.000000% 0.120273% 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 1.109570% 0.000000% 0.000000% 0.000000% 1.109570% 1.244778% 0.000000% 0.000000% 0.000000% 1.244778%00

~~Delinquency~~PREPAYMENT/CURTAILMENT ~~Status~~INTEREST BySHORTFALL ~~Groups DELINQUENT BANKRUPTCY FORECLOSURE REO~~ Total ~~Group~~Prepayment/Curtailment 1Interest NoShortfall ~~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~~Servicing ~~0.00~~Fee ~~0.00~~Support ~~30 Days 2~~ 0 ~~0 0 2 1,153,287~~.~~44 0.~~00 0.00 0.00 1,153,287.44 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 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 2 0 0 0 2 1,153,287.44 0.00 0.00 0.00 1,153,287.44 0Non-29Supported ~~Days~~Prepayment/Curtailment ~~0.000000%~~Interest ~~0.000000%~~Shortfall 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.909091% 0.000000% 0.000000% 0.000000% 0.909091% 1.053236% 0.000000% 0.000000% 0.000000% 1.053236% 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% 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 0.909091% 0.000000% 0.000000% 0.000000% 0.909091% 1.053236% 0.000000% 0.000000% 0.000000% 1.053236% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 1 0 0 0 1 896,109.25 0.00 0.00 0.00 896,109.25 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 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 1 0 0 0 1 896,109.25 0.00 0.00 0.00 896,109.25 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.369863% 0.000000% 0.000000% 0.000000% 1.369863% 2.462565% 0.000000% 0.000000% 0.000000% 2.462565% 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% 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 1.369863% 0.000000% 0.000000% 0.000000% 1.369863% 2.462565% 0.000000% 0.000000% 0.000000% 2.462565% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 2 0 0 0 2 1,068,318.86 0.00 0.00 0.00 1,068,318.86 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 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 2 0 0 0 2 1,068,318.86 0.00 0.00 0.00 1,068,318.86 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.803213% 0.000000% 0.000000% 0.000000% 0.803213% 0.819944% 0.000000% 0.000000% 0.000000% 0.819944% 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% 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 0.803213% 0.000000% 0.000000% 0.000000% 0.803213% 0.819944% 0.000000% 0.000000% 0.000000% 0.819944% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 2 0 0 0 2 1,014,430.49 0.00 0.00 0.00 1,014,430.49 60 Days 1 0 0 0 1 441,957.57 0.00 0.00 0.00 441,957.57 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 3 0 0 0 3 1,456,388.06 0.00 0.00 0.00 1,456,388.06 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.117318% 0.000000% 0.000000% 0.000000% 1.117318% 1.111302% 0.000000% 0.000000% 0.000000% 1.111302% 60 Days 0.558659% 0.000000% 0.000000% 0.000000% 0.558659% 0.484162% 0.000000% 0.000000% 0.000000% 0.484162% 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 1.675978% 0.000000% 0.000000% 0.000000% 1.675978% 1.595464% 0.000000% 0.000000% 0.000000% 1.595464%

~~OTHER~~SERVICING ~~INFORMATION~~FEES ~~Current~~Gross ~~Period~~Servicing ~~Class~~Fee ~~A Insufficient Funds 0~~77,347.0003 ~~Principal~~Supported ~~Balance~~Prepayment/Curtailment ofInterest ~~Contaminated~~Shortfall ~~Properties~~ 0.00 ~~Periodic~~Net ~~Advance~~Servicing 22Fee 77,~~239~~347.2003

~~SUBORDINATION~~LOAN ~~LEVEL~~STATUS STRATIFICATION/~~CLASS~~CREDIT ~~PERCENTAGE~~ENHANCEMENT ~~AND~~STATEMENT ~~PREPAYMENT~~DELINQUENCY ~~PERCENTAGE~~STATUS ~~Current~~DELINQUENT ~~Original~~BANKRUPTCY $FORECLOSURE ~~Original~~REO %Total ~~Current~~No $of ~~Current~~Loans %No ~~Class%~~of ~~Prepayment%~~Loans ~~Class~~No Aof ~~273~~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 9 0 0 0 9 4,~~645~~002,~~131~~163.22 0.00 700.~~46532386%~~00 ~~262~~0.00 4,~~206~~002,~~906~~163.6222 7160 Days 0 0 0 0 0 0.~~38242956%~~00 280.~~617570%~~00 0.~~000000%~~00 ~~Class~~0.00 2A0.00 ~~235~~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 9 0 0 0 9 4,~~656~~002,~~131~~163.22 0.00 600.~~68291999%~~00 ~~227~~0.00 4,~~270~~002,~~327~~163.2722 61No 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.~~87139895~~000000% 90.~~511031~~000000% ~~246~~0.~~826376~~000000% ~~Class~~0.000000% ~~M-1 7,574,131~~0.00000000% 10.~~95038586~~000000% ~~7,562,474~~0.24000000% 20.~~05878553~~000000% 30 Days 1.~~794543~~267606% 460.~~571240~~000000% ~~Class~~0.000000% ~~M-2~~0.000000% ~~4,856,131~~1.00267606% 1.~~25048395~~110468% ~~4,848,657~~0.31000000% 0.000000% 0.000000% 1.~~31998407~~110468% 60 Days 0.~~738801~~000000% 190.~~173073~~000000% ~~Class~~0.000000% ~~M-3~~0.000000% ~~3,108,131~~0.00000000% 0.~~80036307~~000000% ~~3,103,347~~0.52000000% 0.~~84484611~~000000% 0.~~475138~~000000% 120.~~330586~~000000% ~~Class~~90 ~~B-1~~Days ~~1,943,131~~0.00000000% 0.~~50036832~~000000% ~~1,940,140~~0.48000000% 0.~~52817808~~000000% 0.~~316668~~000000% 80.~~218039~~000000% ~~Class~~0.000000% ~~B-2~~0.000000% ~~778,131~~0.00000000% 0.~~20037357~~000000% ~~776,933~~120 Days 0.44000000% 0.~~21151005~~000000% 0.~~316668~~000000% 80.~~218039~~000000% ~~Class~~0.000000% ~~B-3~~0.000000% 0.00000000% 0.~~00000000~~000000% 0.00000000% 0.~~00000000~~000000% 150 Days 0.~~211510~~000000% 50.~~489022~~000000% ~~Class~~0.000000% ~~R-I~~0.000000% 0.00000000% 0.~~00000000~~000000% 0.00000000% 0.~~00000000~~000000% 0.000000% 0.000000% ~~Class~~180+ ~~R-II~~Days 0.00000000% 0.~~00000000~~000000% 0.00000000% 0.~~00000000~~000000% 0.000000% 0.000000% ~~Please~~0.000000% ~~Refer~~0.000000% to0.000000% ~~the~~0.000000% ~~Prospectus~~Totals ~~Supplement~~1.267606% ~~for~~0.000000% a0.000000% ~~Full~~0.000000% ~~Description~~1.267606% of1.110468% ~~Loss~~0.000000% ~~Exposure~~0.000000% 0.000000% 1.110468%

~~CREDIT~~Delinquency ~~ENHANCEMENT~~Status ~~Original~~By $Groups ~~Original~~DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 1 0 0 0 1 379,900.00 0.00 0.00 0.00 379,900.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 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 1 0 0 0 1 379,900.00 0.00 0.00 0.00 379,900.00 0-29 Days 0.000000% ~~Current~~0.000000% $0.000000% ~~Current~~0.000000% 0.000000% ~~Bankruptcy~~0.000000% 500.000000% 0.000000% 30 Days 0.460829% 0.000000% 0.000000% 0.000000% 0.460829% 0.351548% 0.000000% 0.000000% 0.000000% 0.351548% 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% 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 0.460829% 0.000000% 0.000000% 0.000000% 0.460829% 0.351548% 0.000000% 0.000000% 0.000000% 0.351548% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 2 0 0 0 2 703,~~000~~476.00 0.~~01287531%~~00 500.00 0.00 703,~~000~~476.00 60 Days 0 0 0 0 0 0.~~01361185~~00 0.00 0.00 0.00 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 2 0 0 0 2 703,476.00 0.00 0.00 0.00 703,476.00 0-29 Days 0.000000% ~~Fraud~~0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.941176% 0.000000% 0.000000% 0.000000% 2.941176% 2.162987% 0.000000% 0.000000% 0.000000% 2.162987% 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% 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 2.941176% 0.000000% 0.000000% 0.000000% 2.941176% 2.162987% 0.000000% 0.000000% 0.000000% 2.162987% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 3 0 0 0 3 1,~~883~~504,~~340~~921.09 0.00 0.~~99998421%~~00 0.00 1,504,921.09 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 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 3 0 0 0 3 1,~~883~~504,~~340~~921.09 0.00 0.00 0.00 1,504,921.~~05718895~~09 0-29 Days 0.000000% ~~Special~~0.000000% ~~Hazard~~0.000000% 20.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.219512% 0.000000% 0.000000% 0.000000% 1.219512% 1.170130% 0.000000% 0.000000% 0.000000% 1.170130% 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% 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 1.219512% 0.000000% 0.000000% 0.000000% 1.219512% 1.170130% 0.000000% 0.000000% 0.000000% 1.170130% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 3 0 0 0 3 1,~~252~~413,~~372~~866.13 0.00 0.~~57999980%~~00 20.00 1,~~252~~413,~~372~~866.13 60 Days 0 0 0 0 0 0.00 0.~~61317906~~00 0.00 0.00 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 3 0 0 0 3 1,413,866.13 0.00 0.00 0.00 1,413,866.13 0-29 Days 0.000000% ~~Limit~~0.000000% of0.000000% ~~Subordinate's~~0.000000% ~~Exposure~~0.000000% to0.000000% ~~Certain~~0.000000% ~~Types~~0.000000% of30 ~~Losses~~Days 1.675978% 0.000000% 0.000000% 0.000000% 1.675978% 1.550234% 0.000000% 0.000000% 0.000000% 1.550234% 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% 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 1.675978% 0.000000% 0.000000% 0.000000% 1.675978% 1.550234% 0.000000% 0.000000% 0.000000% 1.550234%

~~COLLATERAL~~OTHER ~~STATEMENT~~INFORMATION ~~Collateral~~Current ~~Description~~Period ~~Mixed~~Class ~~Fixed~~A &Insufficient ~~Arm~~Funds Weighted Average Gross Coupon 4.899424% Weighted Average Net Coupon 4.646795% Weighted Average Pass-Through Rate 4.646795% Weighted Average Maturity (Stepdown Calculation) 352 Beginning Scheduled Collateral Loan Count 736 Number Of Loans Paid In Full 15 Ending Scheduled Collateral Loan Count 721 Beginning Scheduled Collateral Balance 374,591,602.89 Ending Scheduled Collateral Balance 367,326,957.40 Ending Actual Collateral Balance at 31-Oct-2004 367,463,473.77 Monthly P &I Constant 1,722,522.31 Special Servicing Fee 0.00 ~~Prepayment~~Principal ~~Penalties~~Balance ~~0.00~~of ~~Realized~~Contaminated ~~Loss~~Properties ~~Amount~~ 0.00 ~~Cumulative~~Periodic ~~Realized~~Advance ~~Loss 0.00 Class A Optimal Amount 8~~18,~~653,116~~835.~~01 Scheduled Principal 193,119.72 Unscheduled Principal 7,071,525.77~~76

~~Group~~SUBORDINATION ~~Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Fixed 15~~LEVEL/30CLASS &PERCENTAGE ~~ARM~~AND ~~Fixed~~PREPAYMENT ~~15/30~~PERCENTAGE &Current ~~ARM~~Original ~~Fixed~~$ ~~15/30~~Original &% ~~ARM~~Current ~~Weighted~~$ ~~Average~~Current ~~Coupon~~% ~~Rate~~Class% ~~4.400909~~Prepayment% ~~4.849956~~Class ~~5.037739~~A ~~Weighted Average Net Rate 4~~273,645,131.~~142117~~00 470.~~599956~~46532386% ~~4.787739 Weighted Average Maturity 351 352 352 Beginning Loan Count 226 77 253 Loans Paid In Full 6 4 4 Ending Loan Count 220 73 249 Beginning Scheduled Balance 112~~256,~~004~~574,~~521~~384.5514 ~~38,469,917~~71.3321883100% ~~131,992,189~~28.73781169% ~~Ending~~0.000000% ~~scheduled~~Class ~~Balance~~2A ~~109~~235,~~459~~656,~~181~~131.6900 ~~36,374,180~~60.0268291999% ~~130~~225,~~242~~500,~~965~~070.5556 ~~Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 464,697~~62.9959335463% ~~172,938~~8.80625476% ~~626,335~~219.73653945% ~~Scheduled~~Class ~~Principal~~M-1 537,~~929.89 17~~574,~~457~~131.6200 ~~72,217~~1.2695038586% ~~Unscheduled Principal 2~~7,~~491~~558,~~409~~535.9703 2~~,078,279~~.6909806614% 1~~,677,006~~.92828782% ~~Scheduled~~46.571240% ~~Interest~~Class ~~410,768.10~~M-2 ~~155~~4,~~481.18 554~~856,~~118~~131.4700 ~~Servicing Fees 24,154~~1.8625048395% 84,~~014.57 27~~846,~~498~~131.3769 ~~Master Servicing Fees 0~~1.0034516871% 0.00752897% 019.00173073% ~~Trustee~~Class ~~Fee~~M-3 03,108,131.00 0.0080036307% 03,101,731.0002 ~~FRY Amount~~ 0.0086096536% 0.00484203% 012.00330586% ~~Special~~Class ~~Hazard~~B-1 ~~Fee 0~~1,943,131.00 0.0050036832% 01,939,129.0088 ~~Other Fee~~ 0.0053825546% 0.00322710% 08.00218039% ~~Pool~~Class ~~Insurance~~B-2 ~~Fee 0~~778,131.00 0.0020037357% 0776,528.0074 ~~Spread Fee 1~~ 0.0021554556% 0.00322710% 08.00218039% ~~Spread~~Class ~~Fee~~B-3 2 0.00 0.0000000000% 0.00 ~~Spread Fee 3~~ 0.0000000000% 0.00215546% 05.00489022% ~~Net~~Class ~~Interest~~R-I ~~386,613.24 147,466.61 526,620.10 Realized Loss Amount~~ 0.00 0.0000000000% 0.00 ~~Cumulative Realized Loss~~ 0.0000000000% 0.00000000% 0.00000000% ~~Percentage~~Class ofR-II ~~Cumulative Losses~~ 0.~~0000~~00 0.~~0000~~00000000% 0.~~0000~~00 ~~Prepayment Penalties~~ 0.0000000000% 0.00000000% 0.00000000% ~~Special~~Please ~~Servicing~~Refer ~~Fee~~to ~~0.00~~the ~~0.00~~Prospectus ~~0.00~~Supplement ~~Pass-Through~~for ~~Rate~~a ~~4.142117~~Full ~~4.599956~~Description ~~4.787739~~of Loss Exposure

~~Group~~CREDIT ~~Level~~ENHANCEMENT ~~Collateral~~Original ~~Statement~~$ ~~Group~~Original ~~Group~~% 3Current ~~Total~~$ ~~Collateral~~Current ~~Description~~% ~~Fixed~~Bankruptcy 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 5.327999 4.899424 Weighted Average Net Rate 5.077999 4.646795 Weighted Average Maturity 353 352 Beginning Loan Count 180 736 Loans Paid In Full 1 15 Ending Loan Count 179 721 Beginning Scheduled Balance 9250,~~124,974~~000.2800 ~~374,591,602~~0.8901287531% ~~Ending scheduled Balance 91~~50,~~250,630~~000.1400 ~~367,326,957~~0.4001387879% ~~Record~~Fraud ~~Date 10/31/2004 10/31/2004 Principal And Interest Constant 458~~3,~~549.79 1~~883,~~722,522~~340.3100 ~~Scheduled Principal 49,514~~0.9599998421% ~~193~~3,~~119.72 Unscheduled Principal 824~~883,~~829~~340.1900 ~~7,071,525.77 Scheduled Interest 409,034.84~~ 1~~,529,402~~.5907792107% ~~Servicing Fees 19,192.70 78,860.50 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00~~ Special Hazard ~~Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee~~ 2 0,252,372.00 0.0057999980% ~~Spread Fee 3 0.00 0.00 Net Interest 389~~2,~~842.14 1~~252,~~450,542~~372.~~09 Realized Loss Amount 0.~~00 0.0062520388% ~~Cumulative~~Limit ~~Realized Loss 0.00 0.00 Percentage~~ of ~~Cumulative~~Subordinate's ~~Losses~~Exposure ~~0.0000~~to ~~0.0000~~Certain ~~Prepayment~~Types ~~Penalties~~of ~~0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.077999 4.646795~~Losses

Filing Compare · MERRILL LYNCH MORTGAGE INVESTORS TRUST MLMI SERIES 2004-A3