Registration No. 33-84894
Rule 424(b)(3)
SUPPLEMENT TO PROSPECTUS SUPPLEMENT DATED JUNE 22, 1995
MLCC Mortgage Investors, Inc., Seller
Senior/Subordinate Mortgage Pass-Through Certificates,
Series 1995A, Class A-1, A-2, A-3, A-4, A-5 and A-6 (Senior)
MERRILL LYNCH CREDIT CORPORATION
Master Servicer
_____________________________________________________________________________
On June 29, 1995, the Senior/Subordinate Pass-Through Certificates,
Series 1995A, Class A-1, A-2, A-3, A-4, A-5 and A-6 (the "Offered
Certificates") were issued in an approximate original aggregate principal
amount of $180,819,000. The Offered Certificates represented beneficial
interests in the Trust Fund created pursuant to a Pooling and Servicing
Agreement dated as of June 1, 1995 by and among MLCC Mortgage Investors,
Inc., as seller, Merrill Lynch Credit Corporation, as master servicer, and
Bankers Trust Company of California, N.A., as trustee. This Supplement to
the above-referenced Prospectus Supplement (the "Prospectus Supplement")
supplements and updates certain of the information set forth in the
Prospectus Supplement. Capitalized terms not defined herein have the
meanings ascribed to them in the Prospectus Supplement.
The first two tables set forth after the first paragraph under the
heading "MLCC and its Mortgage Program--Delinquency and Loan Loss Experience"
on page S-38 of the Prospectus Supplement are hereby updated, in their
entirety, as follows:
1995 A
PRIMEFIRST(Registered Trademark) LOAN DELINQUENCY EXPERIENCE
(Dollars in Thousands)
<TABLE>
<CAPTION>
December 31, 1997 December 31, 1996 December 31, 1995
------------------------ ----------------------- ------------------------
Number of Number of Number of
PrimeFirst Principal PrimeFirst Principal PrimeFirst Principal
Loans Amount Loans Amount Loans Amount
------------ ---------- ----------- ---------- ----------- -----------
<S> <C> <C> <C> <C> <C> <C>
PrimeFirst Loans
Outstanding . . . . . . 14,159 $5,302,950 11,054 $4,331,131 8,272 $3,536,761
Delinquency Period
30-59 Days . . . . . . 183 $ 66,254 180 $ 84,297 127 $ 56,370
60-89 Days . . . . . . 26 18,544 19 6,583 13 7,917
90 Days or More* . . . 24 18,072 29 27,590 44 45,749
------------ ---------- ----------- ---------- ----------- -----------
Total Delinquency . 233 $ 102,870 228 $ 118,470 184 $ 110,036
============ ========== =========== ========== =========== ===========
Delinquencies as
Percent of Number
of PrimeFirst
Loans and Principal
Amount Outstanding . . 1.65% 1.94% 2.06% 2.74% 2.22% 3.11%
Foreclosures . . . . . . 39 $47,396 29 $ 39,100 28 $ 38,209
Foreclosures as
Percent of Number
of PrimeFirst
Loans and Principal
Amount Outstanding . . 0.28% 0.89% 0.26% 0.90% 0.34% 1.08%
</TABLE>
_________________________________
* Does not include loans subject to bankruptcy proceedings.
PRIMEFIRST(Registered Trademark) LOAN LOSS EXPERIENCE
(Dollars in Thousands)
<TABLE>
<CAPTION>
Year Ended Year Ended Year Ended
December 31, 1997 December 31, 1996 December 31, 1995
------------------ ----------------- -------------------
<S> <C> <C> <C>
Average Principal Balance of
PrimeFirst Loan Portfolio . . . . . . . . $4,817,041 $3,933,946 $3,444,045
Average Number of PrimeFirst
Loans Outstanding
During the Period . . . . . . . . . . . . 12,607 9,663 7,944
Gross Charge-offs . . . . . . . . . . . . . $ 5,363 $ 6,157 $ 1,840
Recoveries . . . . . . . . . . . . . . . . $ 99 $ 0 $ 0
------------------ ----------------- -------------------
Net Charge-offs . . . . . . . . . . . . . . $ 5,264 $ 6,157 $ 1,840
================== ================= ===================
Net Charge-offs as a
Percent of Average
Principal Balance Outstanding . . . . . . 0.11% 0.16% 0.05%
</TABLE>
1995 A
The first two tables set forth after the second paragraph under the
heading "MLCC and its Mortgage Program-Delinquency and Loan Loss Experience"
on page S-39 of the Prospectus Supplement are hereby updated, in their
entirety as follows:
REVOLVING CREDIT LINE LOAN DELINQUENCY EXPERIENCE
(DOLLARS IN THOUSANDS)
<TABLE>
<CAPTION>
As of December 31,
--------------------------------------------------------------------------
1992 1993 1994 1995 1996 1997
---------- ---------- ---------- ---------- ----------- ----------
<S> <C> <C> <C> <C> <C> <C>
Number of revolving
credit line
loans serviced . . . . 15,084 13,839 15,598 25,056 28,368 31,395
Aggregate loan balance
of revolving credit $1,062,930 $1,037,427 $1,079,693 $1,293,483 $1,353,800 $1,387,217
line loans serviced . .
Loan balance of
revolving credit
line loans
2 months delinquent . . $ 3,717 $ 5,161 $ 5,358 $ 8,447 $ 8,292 $ 5,450
Loan balance of
revolving credit
line loans 3 months
or more delinquent . . $ 18,751 $ 17,508 $ 22,989 $ 33,763 $ 39,508 $ 44,104
Total of 2 months or
more delinquent as a
percentage of
aggregate loan
balance of revolving
credit line loans . . . 2.11% 2.19% 2.63% 3.26% 3.53% 3.57%
</TABLE>
REVOLVING CREDIT LINE LOAN LOSS EXPERIENCE
(DOLLARS IN THOUSANDS)
<TABLE>
<CAPTION>
As of December 31,
--------------------------------------------------------------------------
1992 1993 1994 1995 1996 1997
---------- ---------- ---------- ---------- ----------- ----------
<S> <C> <C> <C> <C> <C> <C>
Number of revolving
credit line loans
serviced . . . . . . . 15,084 13,839 15,598 25,056 28,368 31,395
Aggregate loan balance
of revolving credit
line loans serviced . . $1,062,930 $1,037,427 $1,079,693 $1,293,483 $1,353,800 $1,387,217
For the Period:
Gross Charge-offs
dollars . . . . . . . $ 1,447 $ 3,153 $ 1,118 $ 3,700 $ 1,860 $ 4,269
Percentage(1) . . . . . 0.14% 0.30% 0.10% 0.29% 0.14% 0.31%
</TABLE>
_____________
(1) As a percentage of aggregate balance of revolving credit line loans
serviced.
Additionally, the information contained in (a) the tables entitled
"Range of Cut-Off Date Principal Balances for Loan Group 1", "Prime Index
Mortgage Loan Margins for Loan Group 1" and "LIBOR Mortgage Loan Margins for
Loan Group 1" under the heading "The Mortgage Pool--Loan Group 1" on pages S-
26 and S-28 of the Prospectus Supplement, (b) the tables entitled "Range of
Cut-off Date Principal Balances for Loan Group 2" and "Margins for Loan Group
2" under the heading "The Mortgage Pool--Loan Group 2" on pages S-29 and S-31
of the Prospectus Supplement and (c) the tables entitled "Range of Cut-off
Date Principal Balances for Loan Group 3" and "Margins for Loan Group 3"
under the heading "The Mortgage Pool--Loan Group 3" on pages S-32 and S-33 of
the Prospectus Supplement are hereby updated to indicate, as of December 31,
1997, the Mortgage Loan Balances and margins of the Mortgage Loans:
1995 A
RANGE OF PRINCIPAL BALANCES FOR LOAN GROUP 1 AS OF DECEMBER 31, 1997
<TABLE>
<CAPTION>
Number of Percent of Loan
Mortgage Principal Group by
Range of Principal Balances Loans Balance Principal Balance
- ------------------------------------- ----------- ------------------ -----------------
<S> <C> <C> <C>
$ 0.00- 49,999.99 . . . . 3 $ 95,416.04 0.10%
$ 60,000.00- 74,999.99 . . . . 6 393,400.90 0.39
$ 75,000.00- 99,999.99 . . . . 19 1,737,737.65 1.73
$ 100,000.00- 149,999.99 . . . 58 6,952,211.64 6.93
$ 150,000.00- 199,999.99 . . . 44 7,705,712.75 7.66
$ 200,000.00- 249,999.99 . . . 34 7,375,442.87 7.35
$ 250,000.00- 299,999.99 . . . 17 4,714,118.19 4.70
$ 300,000.00- 349,999.99 . . . 15 4,654,643.44 4.64
$ 350,000.00- 399,999.99 . . . 16 6,004,881.26 5.98
$ 400,000.00- 449,999.99 . . . 12 5,114,089.92 5.10
$ 450,000.00- 499,999.99 . . . 10 4,652,435.41 4.64
$ 500,000.00- 549,999.99 . . . 9 4,714,738.76 4.70
$ 550,000.00- 599,999.99 . . . 9 5,174,418.45 5.16
$ 600,000.00- 649,999.99 . . . 9 5,530,746.09 5.51
$ 650,000.00- 699,999.99 . . . 1 679,907.29 0.68
$ 700,000.00- 749,999.99 . . . 3 2,169,425.63 2.16
$ 750,000.00- 799,999.99 . . . 3 2,296,691.77 2.29
$ 800,000.00- 849,999.99 . . . 3 2,410,000.00 2.40
$ 850,000.00- 899,999.99 . . . 2 1,744,867.10 1.74
$ 900,000.00- 949,999.99 . . . 2 1,801,520.15 1.80
$ 950,000.00- 999,999.99 . . . 3 2,998,973.87 2.99
$ 1,000,000.00- 1,099,999.99 . . 4 4,095,581.34 4.08
$ 1,200,000.00- 1,299,999.99 . . 3 3,699,565.24 3.69
$ 2,200,000.00- 2,299,999.99 . . 2 4,522,234.71 4.51
$ 2,900,000.00- 2,999,999.99 . . 2 5,999,356.79 5.98
$ 3,000,000.00 or Higher . . . . . 1 3,100,000.00 3.09
----------- ------------------ -----------------
TOTALS . . . . 290 $100,338,117.26 100.00%
=========== ================== =================
</TABLE>
1995 A
PRIME INDEX MORTGAGE LOAN MARGINS FOR LOAN GROUP 1 AS OF DECEMBER 31, 1997
<TABLE>
<CAPTION>
Percent of Such
Number of Mortgage Loans by
Margin Mortgage Loans Principal Balance Principal Balance
- ---------------- -------------- ----------------- ------------------
<S> <C> <C> <C>
-0.875% 1 $ 600,000.00 2.55%
-0.500% 1 197,300.00 0.84
-0.250% 1 999,966.54 4.24
-0.125% 3 2,115,779.10 8.97
0.000% 13 5,568,322.00 23.61
0.125% 6 2,452,280.54 10.40
0.250% 17 4,255,393.23 18.05
0.375% 1 204,000.00 0.87
0.500% 32 4,554,179.17 19.32
0.625% 1 149,999.99 0.64
0.750% 19 2,477,984.76 10.51
-------------- ----------------- ------------------
TOTALS 95 $23,575,205.33 100.00%
============== ================= ==================
</TABLE>
LIBOR MORTGAGE LOAN MARGINS FOR LOAN GROUP 1 AS OF DECEMBER 31, 1997
<TABLE>
<CAPTION> Percent of Such
Number of Mortgage Loans by
Margin Mortgage Loans Principal Balance Principal Balance
- ---------------- -------------- ----------------- ------------------
<S> <C> <C> <C>
1.000% 1 $ 449,499.68 0.59%
1.125% 1 810,000.00 1.06
1.250% 3 1,074,156.77 1.40
1.375% 1 767,500.00 1.00
1.500% 4 4,712,495.24 6.16
1.625% 5 3,395,308.42 4.44
1.750% 14 9,675,818.96 12.65
1.875% 6 3,390,101.68 4.43
2.000% 41 20,530,662.21 26.82
2.125% 10 6,659,173.56 8.70
2.250% 45 15,473,937.36 20.22
2.375% 4 1,722,747.68 2.25
2.500% 41 5,598,723.79 7.32
2.625% 2 259,232.78 0.34
2.750% 13 1,742,072.47 2.28
2.875% 1 149,500.00 0.20
3.000% 1 105,899.96 0.14
-------------- ----------------- ------------------
TOTALS 193 $ 76,516,830.56 100.00%
============== ================= ==================
</TABLE>
1995 A
RANGE OF PRINCIPAL BALANCES FOR LOAN GROUP 2 AS OF DECEMBER 31, 1997
<TABLE>
<CAPTION>
Number of Principal Percent of Loan Group by
Range of Principal Balances Mortgage Loans Balance Principal Balance
- --------------------------------------------- -------------- --------------- ------------------------
<S> <C> <C> <C>
$ 100,000.00- 149,999.99 . . . . . . . 10 $ 1,276,572.48 7.47%
$ 150,000.00- 199,999.99 . . . . . . . 5 883,252.88 5.17
$ 200,000.00- 249,999.99 . . . . . . . 1 215,352.48 1.26
$ 250,000.00- 299,999.99 . . . . . . . 6 1,726,300.47 10.10
$ 300,000.00- 349,999.99 . . . . . . . 1 300,000.00 1.76
$ 400,000.00- 449,999.99 . . . . . . . 1 427,742.00 2.50
$ 450,000.00- 499,999.99 . . . . . . . 1 499,955.21 2.93
$ 550,000.00- 599,999.99 . . . . . . . 1 562,414.46 3.29
$ 700,000.00- 749,999.99 . . . . . . . 2 1,443,748.13 8.45
$ 850,000.00- 899,999.99 . . . . . . . 1 854,000.00 5.00
$ 1,000,000.00- 1,099,999.99 . . . . . . 1 1,000,000.00 5.85
$ 1,200,000.00- 1,299,999.99 . . . . . . 1 1,249,653.67 7.31
$ 1,400,000.00- 1,499,999.99 . . . . . . 1 1,450,000.00 8.49
$ 1,900,000.00- 1,999,999.99 . . . . . . 1 1,998,948.83 11.70
$ 3,000,000.00 or Higher . . . . . . . . . 1 3,200,000.00 18.72
-------------- --------------- ------------------------
TOTALS . . . . . . . . . . . . . . . . . 34 $17,087,940.61 100.00%
============== =============== ========================
</TABLE>
MARGINS FOR LOAN GROUP 2 AS OF DECEMBER 31, 1997
<TABLE>
<CAPTION>
Number of Percent of Such Mortgage
Margin Mortgage Loans Principal Balance Loans by Principal Balance
- ---------------- -------------- ----------------- --------------------------
<S> <C> <C> <C>
1.000% 1 $ 1,000,000.00 5.85%
1.375% 1 299,697.91 1.75
1.625% 1 3,200,000.00 18.73
1.875% 5 4,331,722.83 25.35
2.000% 3 1,268,828.56 7.43
2.125% 1 499,955.21 2.93
2.375% 8 1,194,570.03 6.99
2.500% 3 1,807,856.64 10.58
2.625% 4 1,895,798.49 11.09
2.750% 2 366,452.52 2.14
3.000% 5 1,223,058.42 7.16
-------------- ----------------- --------------------------
TOTALS 34 $17,087,940.61 100.00%
============== ================= ==========================
</TABLE>
1995 A
RANGE OF PRINCIPAL BALANCES FOR LOAN GROUP 3 AS OF DECEMBER 31, 1997
<TABLE>
<CAPTION>
Percent of Loan
Number of Principal Group by
Range of Principal Balances Mortgage Loans Balance Principal Balance
- ------------------------------------------------- -------------- ------------- -----------------
<S> <C> <C> <C>
$ 75,000.00- 99,999.99 . . . . . . . . . . 2 $ 176,484.46 7.43%
$ 100,000.00- 149,999.99 . . . . . . . . . 2 233,782.45 9.84
$ 150,000.00- 199,999.99 . . . . . . . . . 3 540,946.69 22.77
$ 200,000.00- 249,999.99 . . . . . . . . . 1 239,689.52 10.09
$ 250,000.00- 299,999.99 . . . . . . . . . 1 252,000.00 10.61
$ 300,000.00- 349,999.99 . . . . . . . . . 1 320,000.00 13.47
$ 600,000.00- 649,999.99 . . . . . . . . . 1 612,500.00 25.79
-------------- ------------- -----------------
TOTALS . . . . . . . . . . . . . . . . . . . 11 $ 2,375,403.12 100.00%
============== ============= =================
</TABLE>
MARGINS FOR LOAN GROUP 3 AS OF DECEMBER 31, 1997
<TABLE>
<CAPTION>
Percent of Such
Number of Mortgage Loans by
MARGIN Mortgage Loans Principal Balance Principal Balance
- ---------------- -------------- ------------------ -----------------
<S> <C> <C> <C>
-0.375% 1 $ 320,000.00 13.47%
0.250% 1 612,500.00 25.79
0.375% 3 683,107.16 28.75
0.625% 3 310,282.45 13.06
0.750% 1 181,841.91 7.66
1.000% 2 267,671.60 11.27
-------------- ------------------ -----------------
TOTALS 11 $ 2,375,403.12 100.00%
============== ================== =================
</TABLE>
____________________
The date of this Supplement is April 13, 1998.
