Registration No. 33-92100
Rule 424(b)(3)
PROSPECTUS SUPPLEMENT TO PROSPECTUS DATED AUGUST 11, 1995
MLCC Mortgage Investors, Inc., Seller
Subordinate Mortgage Backed Certificates,
Series 1995-S1, Class A-1 and A-2
MERRILL LYNCH CREDIT CORPORATION
Certificate Administrator
_________________________________________________________________
On August 15, 1995, Subordinate Mortgage Backed Certificates, Series
1995-S1, Class A-1 and A-2 (the "Class A Certificates") were issued in an
approximate original aggregate principal amount of $50,117,687. The Class A
Certificates represented beneficial interests of approximately 59.41% in the
Trust Fund comprised of certain subordinate mortgage pass-through
certificates issued pursuant to separate pooling and servicing agreements
among Merrill Lynch Home Equity Acceptance, Inc., Merrill Lynch Mortgage
Investors, Inc. or MLCC Mortgage Investors, Inc., as seller, Merrill Lynch
Credit Corporation, as servicer, and Bankers Trust Company of California,
N.A., as trustee. This Prospectus Supplement to the above-referenced
Prospectus supplements and updates certain of the information set forth in
the Prospectus. Capitalized terms not defined herein have the meanings
ascribed to them in the Prospectus.
The first two tables set forth after the first paragraph under the
heading "MLCC and its Mortgage Programs--Delinquency and Loan Loss
Experience" on pages 74 and 75 of the Prospectus are hereby updated, in their
entirety, as follows:
<TABLE>
PRIMEFIRST(Registered Trademark) LOAN DELINQUENCY EXPERIENCE
(Dollars in Thousands)
<CAPTION>
December 31, 1996 December 31, 1995 December 31, 1994
-------------------------- ---------------------------- -------------------------
Number of Number of
PrimeFirst Principal Number of Principal PrimeFirst Principal
Loans Amount PrimeFirst Loans Amount Loans Amount
----------- --------- ---------------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
PrimeFirst Loans
Outstanding . . . . . . . . 11,054 $4,331,131 8,272 $3,536,761 7,615 $3,351,328
Delinquency Period
30-59 Days . . . . . . . . 180 $ 84,297 127 $ 56,370 121 $ 86,279
60-89 Days . . . . . . . . 19 6,583 13 7,917 20 18,152
90 Days or More* . . . . . 29 27,590 44 45,749 17 19,257
------ ---------- ----- ---------- ----- ----------
Total Delinquency . . . 228 118,470 184 $ 110,036 158 $ 123,688
====== ========== ===== ========== ===== ==========
Delinquencies as Percent
of Number of PrimeFirst
Loans and Principal Amount
Outstanding . . . . . . . . 2.06% 2.74% 2.22% 3.11% 2.07% 3.69%
Foreclosures . . . . . . . . 29 $ 39,100 28 $ 38,209 18 $ 15,637
Foreclosures as Percent
of Number of PrimeFirst
Loans and Principal Amount
Outstanding . . . . . . . . 0.26% 0.90% 0.34% 1.11% 0.24% 0.47%
</TABLE>
_________________________________
* Does not include loans subject to bankruptcy proceedings.
<TABLE>
PRIMEFIRST(Registered Trademark) LOAN LOSS EXPERIENCE
(Dollars in Thousands)
<CAPTION>
Year Ended Year Ended Year Ended
December 31, 1996 December 31, 1995 December 31, 1994
----------------- ----------------- -----------------
<S> <C> <C> <C>
Average Principal Balance of PrimeFirst
Loan Portfolio . . . . . . . . . . . . . $3,933,946 $3,444,045 $2,807,875
Average Number of PrimeFirst Loans
Outstanding
During the Period . . . . . . . . . . . . 9,663 7,944 6,287
Gross Charge-offs . . . . . . . . . . . . . $ 6,157 $ 1,840 $ 457
Recoveries . . . . . . . . . . . . . . . . 0 0 0
---------- ---------- ----------
Net Charge-offs . . . . . . . . . . . . . . $ 6,157 $ 1,840 $ 457
========== ========== ==========
Net Charge-offs as a percent of Average
Principal Balance Outstanding . . . . . . 0.16% 0.05% 0.02%
</TABLE>
The first two tables set forth after the second paragraph under the
heading "MLCC and its Mortgage Program-Delinquency and Loan Loss Experience"
on pages S-28 and S-29 of the Prospectus Supplement are hereby updated, in
their entirety as follows:
<TABLE>
REVOLVING CREDIT LINE LOAN DELINQUENCY EXPERIENCE
(DOLLARS IN THOUSANDS)
<CAPTION>
As of December 31,
------------------------------------------------------------------------------------
1991 1992 1993 1994 1995 1996
----- -------- --------- ------- --------- ------------
<S> <C> <C> <C> <C> <C> <C>
Number of revolving credit
line loans serviced . . . . . . 15,913 15,084 13,839 15,598 25,056 28,368
Aggregate loan balance of
revolving credit line
loans serviced . . . . . . . . $1,073,492 $1,062,930 $1,037,427 $1,079,693 $1,293,483 $1,353,800
Loan balance of revolving
credit line loans 2 months
delinquent . . . . . . . . . . $ 2,250 $ 3,717 $ 5,161 $ 5,358 $ 8,447 $ 8,292
Loan balance of revolving
credit line loans 3 months
or more delinquent . . . . . . $ 22,361 $ 18,751 $ 17,508 $ 22,989 $ 33,763 $ 39,508
Total of 2 months or more
delinquent as a percentage
of aggregate loan balance of
revolving credit line loans . . 2.29% 2.11% 2.19% 2.63% 3.26% 3.53%
</TABLE>
<TABLE>
REVOLVING CREDIT LINE LOAN LOSS EXPERIENCE
(DOLLARS IN THOUSANDS)
<CAPTION>
As of December 31,
---------------------------------------------------------------------------------------
1991 1992 1993 1994 1995 1996
---------- --------- ---------- ----------- ----------- ------------
<S> <C> <C> <C> <C> <C> <C>
Number of revolving credit
line loans serviced . . . . . . 15,913 15,084 13,839 15,598 25,056 28,368
Aggregate loan balance of
revolving credit line
loans serviced . . . . . . . . $1,073,492 $1,062,930 $1,037,427 $1,079,693 $1,293,483 $1,353,800
For the Period:
Gross Charge-offs
dollars . . . . . . . . . . . $ 936 $ 1,447 $ 3,153 $ 1,118 $ 3,700 $ 1,860
Percentage(1) 0.09% 0.14% 0.30% 0.10% 0.29% 0.14%
</TABLE>
_____________
(1) As a percentage of aggregate balance of revolving credit line loans
serviced.
The first two tables set forth after the first paragraph under the
heading "MLCC and its Mortgage Programs-Dime Revolving Credit Loans-Delinquency
and Loan Experience" on page 81 of the Prospectus are hereby updated, in their
entirety, as follows:
<TABLE>
DIME PORTFOLIO DELINQUENCY EXPERIENCE
<CAPTION>
AS OF DECEMBER 31,
---------------------------------------------
1993 1994 1995 1996
---------- --------- -------- --------
<S> <C> <C> <C> <C>
Number of revolving credit line loans Serviced . . . 5,033 4,417 3,919 3,356
Aggregate loan balance of revolving credit line
loans serviced . . . . . . . . . . . . . . . . . . $273,325 $233,053 $200,367 $163,241
Loan balance of revolving credit line loans
2 Months delinquent . . . . . . . . . . . . . . . . $ 773 $ 1,743 $ 1,000 $ 1,039
Loan balance of revolving credit line loans 3 mos.
or more delinquent . . . . . . . . . . . . . . . . $ 807 $ 2,056 $ 2,885 $ 3,145
Total of 2 months or more delinquent as a percentage
of aggregate loan balance of revolving credit line
loans serviced . . . . . . . . . . . . . . . . . . 0.58% 1.63% 1.94% 2.56%
Dime Portfolio Loan Loss Experience
As of December 31,
---------------------------------------------
1993 1994 1995 1996
---------- --------- -------- --------
As of end of period:
Number of revolving credit line loans serviced . . 5,033 4,417 3,919 3,356
Aggregate loan balance of revolving credit line $273,325 $233,053 $200,367 $163,241
For the period:
Gross charge-offs dollars . . . . . . . . . . . . . $ 0 $ 74 $ 95 $ 327
Percentage(1) . . . . . . . . . . . . . . . . . . . 0.00% 0.03% 0.05% 0.20%
</TABLE>
_______________
(1) As a percentage of aggregate balance of revolving credit line loans
serviced.
The information contained in the tables entitled "Statistics Date
Group 1 Loan Principal Balances", "Range of Prime Index Based Group 1
Margins" and "Range of Six-Month LIBOR Based Group 1 Margins",
"Statistics Data Fixed Rate Loan Principal Balances" and "Statistics
Date Group 2 Loan Principal Balances" under the heading "The Mortgage
Pools" on pages 58, 59, 62 and 64 respectively, of the Prospectus are
hereby updated to indicate, as of December 31, 1996, the Mortgage Loan
Balances and margins of the Mortgage Loans:
<TABLE>
GROUP 1 LOAN PRINCIPAL BALANCES AS OF DECEMBER 31, 1996
<CAPTION> % of Group 1
Number of Principal Loans by
Range of Principal Balances Group 1 Loans Balance Principal Balance
- ------------------------------------------- ------------- --------------- ------------------
<S> <C> <C> <C>
$ 0.00- 49,999.99 . . . . . . . . 33 $ 842,160.85 0.07%
$ 50,000.00- 54,999.99 . . . . . . 12 615,317.72 0.05
$ 55,000.00- 59,999.99 . . . . . . 9 506,829.07 0.04
$ 60,000.00- 74,999.99 . . . . . . 27 1,822,928.85 0.15
$ 75,000.00- 99,999.99 . . . . . . 114 10,605,400.38 0.88
$ 100,000.00- 149,999.99 . . . . . 414 50,963,333.35 4.25
$ 150,000.00- 199,999.99 . . . . . 316 55,539,401.33 4.63
$ 200,000.00- 249,999.99 . . . . . 338 74,365,625.45 6.22
$ 250,000.00- 299,999.99 . . . . . 221 60,914,124.07 5.08
$ 300,000.00- 349,999.99 . . . . . 203 64,400,231.43 5.37
$ 350,000.00- 399,999.99 . . . . . 137 51,078,190.01 4.26
$ 400,000.00- 449,999.99 . . . . . 100 41,960,625.54 3.50
$ 450,000.00- 499,999.99 . . . . . 75 35,507,569.36 2.96
$ 500,000.00- 549,999.99 . . . . . 74 38,432,237.66 3.20
$ 550,000.00- 599,999.99 . . . . . 59 33,844,772.55 2.82
$ 600,000.00- 649,999.99 . . . . . 59 36,512,844.25 3.04
$ 650,000.00- 699,999.99 . . . . . 47 31,673,640.87 2.64
$ 700,000.00- 749,999.99 . . . . . 35 25,362,811.01 2.11
$ 750,000.00- 799,999.99 . . . . . 45 34,812,762.04 2.90
$ 800,000.00- 849,999.99 . . . . . 28 23,000,443.86 1.92
$ 850,000.00- 899,999.99 . . . . . 37 32,375,021.19 2.70
$ 900,000.00- 949,999.99 . . . . . 23 21,202,454.62 1.77
$ 950,000.00- 999,999.99 . . . . . 27 26,631,878.12 2.22
$ 1,000,000.00- 1,099,999.99 . . . . 56 57,208,021.98 4.77
$ 1,100,000.00- 1,199,999.99 . . . . 40 45,395,413.41 3.78
$ 1,200,000.00- 1,299,999.99 . . . . 31 38,425,546.96 3.20
$ 1,300,000.00- 1,399,999.99 . . . . 19 25,392,730.47 2.12
$ 1,400,000.00- 1,499,999.99 . . . . 17 24,604,926.87 2.05
$ 1,500,000.00- 1,599,999.99 . . . . 16 24,758,428.75 2.06
$ 1,600,000.00- 1,699,999.99 . . . . 8 13,142,089.96 1.10
$ 1,700,000.00- 1,799,999.99 . . . . 11 19,300,781.10 1.61
$ 1,800,000.00- 1,899,999.99 . . . . 10 18,328,872.49 1.53
$ 1,900,000.00- 1,999,999.99 . . . . 10 19,726,204.84 1.64
$ 2,000,000.00- 2,099,999.99 . . . . 21 42,375,021.04 3.53
$ 2,100,000.00- 2,199,999.99 . . . . 2 4,298,150.31 0.36
$ 2,200,000.00- 2,299,999.99 . . . . 6 13,510,701.62 1.13
$ 2,400,000.00- 2,499,999.99 . . . . 8 19,604,250.27 1.63
$ 2,500,000.00- 2,599,999.99 . . . . 5 12,599,999.74 1.05
$ 2,600,000.00- 2,699,999.99 . . . . 3 7,800,000.00 0.65
$ 2,700,000.00- 2,799,999.99 . . . . 1 2,745,000.00 0.23
$ 2,800,000.00- 2,899,999.99 . . . . 1 2,850,000.00 0.24
$ 2,900,000.00- 2,999,999.99 . . . . 3 8,919,886.87 0.74
$ 3,000,000.00 or Higher . . . . . . . 12 45,523,980.46 3.80
----- ----------------- -------
TOTALS . . . . . . . . . . . . . . . . . 2,713 $1,199,480,610.72 100.00%
===== ================= =======
</TABLE>
<TABLE>
Range of Prime Index Based Group 1 Margins
as of December 31, 1996
<CAPTION>
% of
Number of Prime Index Based
Prime Index Based Group 1 Loans by
Margin Group 1 Loans Principal Balance Principal Balance
----------- ------------------ ------------------- ------------------
<S> <C> <C> <C>
-0.500% 4 $ 1,497,280.36 0.64%
-0.375% 1 262,000.00 0.11
-0.250% 33 43,801,043.26 18.77
-0.125% 47 31,592,550.46 13.54
0.000% 190 74,868,099.81 32.06
0.125% 12 6,910,466.64 2.96
0.250% 177 37,455,313.90 16.05
0.375% 7 1,624,078.07 0.70
0.500% 249 30,892,234.54 13.24
0.625% 9 1,151,361.24 0.49
0.750% 20 2,222,367.26 0.95
0.875% 3 480,499.80 0.21
1.000% 5 643,878.20 0.28
---- --------------- ------
TOTALS 757 $233,401,173.54 100.00%
==== =============== ======
</TABLE>
<TABLE>
RANGE OF SIX-MONTH LIBOR BASED GROUP 1 MARGINS
AS OF DECEMBER 31, 1996
<CAPTION>
Number of % of Six-Month LIBOR Based
Six-Month LIBOR Based Group 1 Loans by Principal
Margin Group 1 Loans Principal Balance Balance
----------- ------------------ ------------------- ------------------------
<S> <C> <C> <C>
0.875% 3 $2,429,679.95 0.25%
1.000% 8 6,141,318.52 0.64
1.125% 7 4,924,053.56 0.51
1.250% 14 7,084,549.11 0.74
1.500% 200 288,488,260.17 29.94
1.625% 194 145,669,518.33 15.12
1.750% 491 243,370,115.97 25.27
1.875% 114 63,821,236.78 6.63
2.000% 362 107,591,119.19 11.17
2.125% 59 15,061,879.97 1.56
2.250% 333 54,474,948.29 5.66
2.375% 60 9,278,555.35 0.96
2.500% 81 12,517,113.07 1.30
2.625% 7 827,488.32 0.09
2.750% 12 1,466,451.78 0.15
----- --------------- -------
TOTALS 1,945 $963,146,288.36 100.00%
===== =============== =======
</TABLE>
<TABLE>
Fixed Rate Group 1 Loan Principal Balances as of December 31, 1996
<CAPTION>
% of Fixed
Rate Group 1
Number of Loans by
Fixed Group Principal Principal
Range of Principal Balances 1 Loans Balance Balance
- ------------------------------------- ------------- ------------------ ---------------
<S> <C> <C> <C>
$ 0.00 - 49,999.99 . . . . . 55 $ 2,204,699.69 0.91%
$ 50,000.00 - 54,999.99 . . . 27 1,415,494.00 0.59
$ 55,000.00 - 59,999.99 . . . 21 1,211,349.60 0.50
$ 60,000.00 - 74,999.99 . . . 70 4,734,519.69 1.96
$ 75,000.00 - 99,999.99 . . . 111 9,705,667.54 4.02
$ 100,000.00 - 149,999.99 . . 126 15,568,255.57 6.45
$ 150,000.00 - 199,999.99 . . 122 21,738,181.69 9.00
$ 200,000.00 - 249,999.99 . . 133 29,885,191.79 12.37
$ 250,000.00 - 299,999.99 . . 107 28,966,395.42 11.99
$ 300,000.00 - 349,999.99 . . 49 15,870,327.19 6.57
$ 350,000.00 - 399,999.99 . . 33 12,227,404.63 5.06
$ 400,000.00 - 449,999.99 . . 24 10,123,503.66 4.19
$ 450,000.00 - 499,999.99 . . 18 8,468,719.28 3.51
$ 500,000.00 - 549,999.99 . . 27 13,959,730.12 5.78
$ 550,000.00 - 599,999.99 . . 14 8,031,453.42 3.32
$ 600,000.00 - 649,999.99 . . 5 3,128,002.15 1.29
$ 650,000.00 - 699,999.99 . . 9 6,095,004.01 2.52
$ 700,000.00 - 749,999.99 . . 9 6,450,168.71 2.67
$ 750,000.00 - 799,999.99 . . 4 3,123,657.32 1.29
$ 800,000.00 - 849,999.99 . . 3 2,477,371.53 1.03
$ 850,000.00 - 899,999.99 . . 8 6,963,382.77 2.88
$ 900,000.00 - 949,999.99 . . 3 2,816,893.70 1.17
$ 950,000.00 - 999,999.99 . . 10 9,697,292.79 4.01
$1,000,000.00 - 1,099,999.99 . . . 6 6,359,714.86 2.63
$1,100,000.00 - 1,199,999.99 . . . 3 3,495,426.43 1.45
$1,200,000.00 - 1,299,999.99 . . . 1 1,294,853.59 0.54
$1,900,000.00 - 1,999,999.99 . . . 1 1,944,512.17 0.81
$3,000,000.00 or Higher . . . . . . 1 3,594,930.90 1.49
----- ---------------- -------
TOTALS 1,000 $ 241,552,104.22 100.00%
===== ================ =======
</TABLE>
<TABLE>
GROUP 2 LOAN PRINCIPAL BALANCES AS OF DECEMBER 31, 1996
<CAPTION>
% of Group 2
Number of Principal Loans by
Range of Principal Balances Group 2 Loans Balance Principal Balance
- ----------------------------------- ---------------- --------------- -------------------
<S> <C> <C> <C>
$ 4,999.99 or Lower . . . . . . 3,123 $ 7,087,441.96 2.06%
$ 5,000.00 - 9,999.99 . . . 1,502 10,684,849.96 3.11
$ 10,000.00 - 14,999.99 . . . 891 10,834,086.94 3.15
$ 15,000.00 - 19,999.99 . . . 619 10,744,014.47 3.13
$ 20,000.00 - 24,999.99 . . . 530 11,790,634.53 3.43
$ 25,000.00 - 29,999.99 . . . 417 11,412,572.31 3.32
$ 30,000.00 - 34,999.99 . . . 302 9,796,404.59 2.85
$ 35,000.00 - 39,999.99 . . . 239 8,970,698.34 2.61
$ 40,000.00 - 44,999.99 . . . 213 9,000,747.36 2.62
$ 45,000.00 - 49,999.99 . . . 196 9,370,652.94 2.73
$ 50,000.00 - 54,999.99 . . . 170 8,884,083.31 2.59
$ 55,000.00 - 59,999.99 . . . 144 8,307,566.24 2.42
$ 60,000.00 - 64,999.99 . . . 103 6,433,094.50 1.87
$ 65,000.00 - 69,999.99 . . . 89 5,997,256.22 1.75
$ 70,000.00 - 74,999.99 . . . 85 6,159,084.77 1.79
$ 75,000.00 - 99,999.99 . . . 358 31,296,003.92 9.11
$ 100,000.00 - 149,999.99 . . 353 42,950,276.80 12.50
$ 150,000.00 - 199,999.99 . . 152 26,451,267.42 7.70
$ 200,000.00 - 249,999.99 . . 106 23,386,961.45 6.81
$ 250,000.00 - 299,999.99 . . 61 16,673,223.10 4.85
$ 300,000.00 - 349,999.99 . . 32 10,406,426.45 3.03
$ 350,000.00 - 399,999.99 . . 24 9,082,188.34 2.64
$ 400,000.00 - 449,999.99 . . 14 5,846,647.26 1.70
$ 450,000.00 - 499,999.99 . . 8 3,779,903.72 1.10
$ 500,000.00 - 549,999.99 . . 8 4,182,920.16 1.22
$ 550,000.00 - 599,999.99 . . 2 1,140,925.80 0.33
$ 600,000.00 - 649,999.99 . . 5 3,078,422.17 0.90
$ 650,000.00 - 699,999.99 . . 2 1,354,165.33 0.39
$ 700,000.00 - 749,999.99 . . 3 2,180,997.78 0.63
$ 750,000.00 - 799,999.99 . . 2 1,508,024.00 0.44
$ 800,000.00 - 899,999.99 . . 2 1,790,879.63 0.52
$ 900,000.00 - 999,999.99 . . 2 1,987,866.66 0.59
$1,000,000.00 - 1,099,999.99 . 3 3,127,837.74 0.91
$1,100,000.00 - 1,199,999.99 . 2 2,257,945.81 0.66
$1,200,000.00 - 1,299,999.99 . 1 1,205,555.75 0.35
$1,400,000.00 - 1,499,999.99 . 1 1,499,912.00 0.44
$1,500,000.00 - 1,599,999.99 . 1 1,500,000.00 0.44
$1,700,000.00 - 1,799,999.99 . 1 1,700,000.00 0.49
$1,900,000.00 - 1,999,999.99 . 1 1,999,383.23 0.58
$2,200,000.00 - 2,299,999.99 . 1 2,294,186.16 0.67
$2,400,000.00 - 2,499,999.99 . 1 2,499,383.57 0.73
$2,800,000.00 - 2,899,999.99 . 1 2,874,514.68 0.84
----- -------------- ------
TOTALS 9,770 $343,529,007.37 100.00%
===== ============== ======
</TABLE>
Additionally, the information contained in the tables entitled "Group 1
Certificate Characteristics" and "Group 2 Certificate Characteristics" under
the heading "Description of the Pooled Certificates-General" on pages 35 and
39, respectively, of the Prospectus are hereby updated to indicate, as of
December 31, 1996, the Certificate Characteristics:
<TABLE>
GROUP 1 CERTIFICATE CHARACTERISTICS AS OF DECEMBER 31, 1996
<CAPTION>
Parties to Original Current
Pooling Type Senior Original Current Senior
Month and of Original Mortgage Pooled Group1 Loan Mortgage
of Servicing Mortgage Principal Certificates Certificates Principal Certificates
Series Issuance Agreement Loan Balance(1) Balance(2) Balance Balance(1)(3) Balance(2)(3)
- ---------- -------- ----------- -------- ------------- -------------- -------------- --------------- -------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
MLMI 1993F 9/93 (5) (6) $210,704,370 $202,758,500 $7,945,870 $109,381,009 $101,435,139
MLMI 1993I 11/93 (5) (6) 156,171,951 152,032,000 4,139,951 92,875,590 88,735,639
MLMI 1994A 1/94 (5) (6) 284,637,957 276,098,000 8,539,957 180,282,910 171,742,953
MLMI 1994F 3/94 (5) (6) 288,806,078 280,140,000 8,666,078 189,332,830 180,666,752
MLMI 1994H 5/94 (5) (6) 214,155,739 207,195,000 6,960,739 146,568,729 139,607,990
MLCCMI 1994A 7/94 (5) (6) 393,157,420 378,795,000 14,362,420 268,091,300 253,728,880
MLCCMI 1994B 12/94 (5) (6) 306,606,666 296,641,000 9,965,666 212,948,243 202,982,577
-------------- -------------- ----------- -------------- --------------
Totals . . $1,854,240,181 $1,793,659,500 $60,580,681 $1,199,480,611 $1,138,899.930
============== ============== =========== ============== ==============
(table continued)
Current
Original Pooled
Pooled Current Certificates Mortgage
Certificates Pooled Balance 30-59 60+ Loans in CPR
Balance as a Certificates as a % Day Day Foreclosure for the
Current % of Balance as a of the Delinquencies Delinquencies as a % Mortgage
Pooled Original % of Group 1 as a % as a % of Loans
Certificates Principal Principal Certificate of Principal of Principal Principal in the
Series Balance(3) Balance(1) Balance(1)(3) Balance(3) Balance(3) Balance(3) Balance(3) Series(4)
- ------------ ------------ ----------- -------------- ----------- -------------- ------------- ----------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
MLMI 1993F $7,945,870 3.77% 7.26% 13.12% 3.70% 1.66% 4.00% 17.90%
MLMI 1993I 4,139,951 2.65% 4.46% 6.83% 1.98% 1.18% 4.59% 15.10%
MLMI 1994A 8,539,957 3.00% 4.74% 14.10% 0.46% 1.75% 4.52% 14.10%
MLMI 1994F 8,666,078 3.00% 4.58% 14.31% 0.41% 0.21% 1.91% 13.80%
MLMI 1994H 6,960,739 3.25% 4.75% 11.49% 1.25% 1.02% 2.77% 13.30%
MLCCMI 1994A 14,362,420 3.65% 5.36% 23.70% 4.18% 2.46% 0.06% 14.20%
MLCCMI 1994B 9,965,666 3.25% 4.68% 16.45% 2.49% 2.03% 2.34% 16.10%
----------- ------- ------- ------- ------- ------- ------- ------
Totals . . . $60,580,681 3.27%(7) 5.05%(7) 100.00% 2.15%(7) 1.57%(7) 2.47%(7) N/A
=========== ======= ======= ======= ======= ======= ======= ======
</TABLE>
______________
(1) Includes only the Group 1 Loans (i.e., does not include any Fixed Rate
Loans).
(2) Includes only those Senior Mortgage Certificates that are principally
supported by the Group 1 Loans.
(3) As of December 31, 1996 (after the January 15, 1997 distribution).
(4) The CPR is the constant rate of prepayment each month, expressed as a
per annum percentage of the scheduled principal balance of the pool of
mortgage loans for that month, for the period from the Underlying Cut-
off Date for the Series to December 31, 1996.
(5) Merrill Lynch Mortgage Investors, Inc. (in the case of Series 1994A
(7/94) and Series 1994B, MLCC Mortgage Investors, Inc.), as depositor,
MLCC, as Servicer, and Bankers Trust Company of California, N.A., as
Underlying Trustee.
(6) The Mortgage Loans in all Loan Groups that principally support the
Pooled Certificates are adjustable rate PrimeFirst(Registered Trademark)
loans. See "The Mortgage Pools--Group 1 Loans."
(7) Weighted average of the percentages in the column above such number.
<TABLE>
GROUP 2 CERTIFICATE CHARACTERISTICS
<CAPTION>
Parties
to Original
Pooling Type Distribu- Senior Original
Month and of tion Original Mortgage Pooled Current
of Servicing Mortgage of Lien Pool Certificates Certificates Pool
Series Issuance Agreement Loan Priority Balance Balance Balance Balance(1)
------- -------- --------- -------- --------- ------- ------------ ----------- ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1994-1 4/94 (3) (4)(5) (6) $366,122,025 $355,138,000 $10,984,025 $116,081,704
1994-2 9/94 (3) (4) (7) 215,141,299 09,978,000 5,163,299 81,794,835
1995-1 3/95 (3) (4)(5) (8) 339,185,872 331,554,000 7,631,872 144,365,882
------------ ------------ ----------- ------------
Totals $920,449,196 $896,670,000 $23,779,196 $342,242,421
============ ============ =========== ============
(table continued)
Original
Pooled Current Current
Certificates Pooled Pooled
Balance Certificates Certificates 30-59 60+ Mortgage
Current as a Balance Balance Day Day Loans in
Senior Current % of as a as a % Delinquencies Delinquencies Fore-closure
Mortgage Pooled Original % of of the as a % as a % as a %
Certificates Certificates Pool Pool Respective of Pool of Pool of Pool
Series Balance(1) Balance(1) Balance Balance Total Balance(1) Balance(1) Balance(1)
-------- ------------- ------------- ----------- ----------- ------------ ------------- ------------ ------------
1994-1 $105,105,488 $10,984,025 3.00% 9.46% 46.20% 1.52% 1.16% 1.58%
1994-2 76,631,536 5,163,299 2.40% 6.31% 21.71% 3.39% 2.57% 2.67%
1995-1 136,734,010 7,631,872 2.25% 5.29% 32.09% 2.02% 1.99% 1.01%
------------ ----------- ------- -------- ------- -------- -------- --------
Totals . $318,471,034 $23,779,196 2.58%(9) 6.95%(9) 100.00% 2.18%(9) 1.85%(9) 1.60%(9)
============ =========== ======= ======== ======= ======== ======== ========
(table continued)
CPR
for the
Mortgage
Loans
in the
Series Series(2)
------ ----------
1994-1 34.1%
1994-2 33.9%
1995-1 37.2%
-------
Totals . N/A
=======
</TABLE>
______________
(1) As of December 31, 1996 (after the January 15, 1997 distribution).
(2) The CPR is the constant rate of prepayment each month, expressed as a
per annum percentage of the scheduled principal balance of the pool of
mortgage loans for that month, for the period from the Underlying Cut-
off Date for the Series to Janaury 15, 1997.
(3) Merrill Lynch Home Equity Acceptance, Inc. (in the case of Series 1994-
1) and MLCC Mortgage Investors, Inc. (in the case of Series 1994-2 and
Series 1995-1), as depositor, MLCC, as Servicer, and Bankers Trust
Company of California, N.A., as Underlying Trustee.
(4) MLCC Revolving Credit Loans. See "MLCC and Its Mortgage Programs--
Equity Access(Registered Trademark) Program".
(5) Includes Dime Revolving Credit Loans. See "MLCC and Its Mortgage
Programs--Dime Revolving Credit Loans." Substantially all of the
Mortgaged Properties securing the Dime Revolving Credit Loans are
located in New York.
(6) 55.88% first liens and 44.12% second and third liens, based on the 2,440
MLCC Revolving Credit Loans as of the Statistics Date.
(7) 48.75% first liens and 51.25% second and third liens as of the
Statistics Date.
(8) 51.89% first liens and 48.11% second, third and fourth liens, based on
the 3,277 MLCC Revolving Credit Loans as of the Statistics Date.
(9) Weighted average of the percentages in the column above each number.
_____________________________
The date of this Prospectus Supplement is March 31, 1997.
