Registration No. 33-84894
Rule 424(b)(3)
SUPPLEMENT TO PROSPECTUS SUPPLEMENT DATED OCTOBER 30, 1995
MLCC Mortgage Investors, Inc., Seller
Mortgage Loan Asset Backed Pass-Through Certificates,
Series 1995B, Class A
MERRILL LYNCH CREDIT CORPORATION
Master Servicer
_________________________________________________________________
On November 2, 1995, the Mortgage Loan Asset Backed Pass-Through
Certificates, Series 1995B, Class A (the "Offered Certificates") were issued
in an approximate original aggregate principal amount of $389,312,848. The
Offered Certificates represented beneficial interests in the Trust Fund
created pursuant to a Pooling and Servicing Agreement dated as of October 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-27 and S-28 of the Prospectus Supplement 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.
Additionally, the information contained in the table entitled "Range of
Cut-Off Date Principal Balances" under the heading "The Mortgage Pool" on
page S-19 of the Prospectus Supplement and the tables entitled "Prime Index
Mortgage Loan Margins", "One-Month LIBOR Index Mortgage Loan Margins", "Six-
Month LIBOR Index Mortgage Loan Margins" and "One-Year Treasury Index
Mortgage Loan Margins" on page S-22 of the Prospectus Supplement are hereby
updated to indicate, as of December 31, 1996, the Mortgage Loan Balances and
margins of the Mortgage Loans:
<TABLE>
RANGE OF PRINCIPAL BALANCES AS OF DECEMBER 31, 1996
<CAPTION>
% of Mortgage
Number of Principal Loans by
Range of Principal Balances Mortgage Loans Balance Principal Balance
- ------------------------------------ --------------- -------------------- -----------------
<S> <C> <C> <C>
$ 0.00- 49,999.99 . . . . . . . . 5 $ 179,079.21 0.05%
$ 50,000.00- 54,999.99 . . . . . . 2 104,220.48 0.03
$ 55,000.00- 59,999.99 . . . . . . 3 169,999.33 0.05
$ 60,000.00- 74,999.99 . . . . . . 12 829,009.27 0.25
$ 75,000.00- 99,999.99 . . . . . . 33 2,977,108.16 0.88
$ 100,000.00- 149,999.99 . . . . . 114 14,210,133.53 4.22
$ 150,000.00- 199,999.99 . . . . . 92 15,919,920.36 4.73
$ 200,000.00- 249,999.99 . . . . . 76 17,012,802.53 5.06
$ 250,000.00- 299,999.99 . . . . . 52 14,033,918.59 4.17
$ 300,000.00- 349,999.99 . . . . . 61 19,623,371.25 5.83
$ 350,000.00- 399,999.99 . . . . . 50 18,629,892.23 5.54
$ 400,000.00- 449,999.99 . . . . . 37 15,606,734.82 4.64
$ 450,000.00- 499,999.99 . . . . . 24 11,481,564.91 3.41
$ 500,000.00- 549,999.99 . . . . . 13 6,735,621.94 2.00
$ 550,000.00- 599,999.99 . . . . . 12 6,980,566.80 2.07
$ 600,000.00- 649,999.99 . . . . . 16 9,885,789.97 2.94
$ 650,000.00- 699,999.99 . . . . . 14 9,485,510.33 2.82
$ 700,000.00- 749,999.99 . . . . . 13 9,456,717.82 2.81
$ 750,000.00- 799,999.99 . . . . . 10 7,674,317.77 2.28
$ 800,000.00- 849,999.99 . . . . . 7 5,709,095.98 1.70
$ 850,000.00- 899,999.99 . . . . . 8 6,991,368.60 2.08
$ 900,000.00- 949,999.99 . . . . . 9 8,295,785.29 2.47
$ 950,000.00- 999,999.99 . . . . . 16 15,871,767.00 4.72
$ 1,000,000.00- 1,099,999.99 . . . . 23 23,567,028.40 7.03
$ 1,100,000.00- 1,199,999.99 . . . . 11 12,516,125.98 3.72
$ 1,200,000.00- 1,299,999.99 . . . . 4 4,961,000.00 1.47
$ 1,300,000.00- 1,399,999.99 . . . . 5 6,840,614.06 2.03
$ 1,400,000.00- 1,499,999.99 . . . . 5 7,194,837.80 2.14
$ 1,500,000.00- 1,599,999.99 . . . . 8 12,258,103.56 3.64
$ 1,600,000.00- 1,699,999.99 . . . . 5 8,134,803.65 2.42
$ 1,700,000.00- 1,799,999.99 . . . . 2 3,410,000.00 1.01
$ 1,800,000.00- 1,899,999.99 . . . . 2 3,600,000.00 1.07
$ 1,900,000.00- 1,999,999.99 . . . . 1 1,900,000.00 0.56
$ 2,000,000.00- 2,099,999.99 . . . . 3 6,000,000.00 1.78
$ 2,200,000.00- 2,299,999.99 . . . . 2 4,450,000.00 1.32
$ 2,300,000.00- 2,399,999.99 . . . . 1 2,300,000.00 0.68
$ 2,400,000.00- 2,499,999.99 . . . . 1 2,499,869.80 0.74
$ 2,600,000.00- 2,699,999.99 . . . . 1 2,625,000.00 0.78
$ 2,800,000.00- 2,899,999.99 . . . . 1 2,849,402.64 0.85
$3,000,000.00 or Higher . . . . . . . . . 4 13,497,237.06 4.01
--- --------------- ------
TOTALS . . . . . . . . . . . . . . . 758 $336,468,319.12 100.00%
=== =============== ======
</TABLE>
<TABLE>
PRIME INDEX MORTGAGE LOAN MARGINS AS OF DECEMBER 31, 1996
<CAPTION>
% of Such
Number of Mortgage Loans by
Margin Mortgage Loans Principal Balance Principal Balance
- ---------------- --------------- ---------------------- --------------------
<S> <C> <C> <C>
-0.875% 1 $ 600,000.00 4.13%
-0.750% 2 1,650,000.00 11.36
-0.500% 2 1,452,500.00 10.00
-0.250% 8 4,612,873.62 31.77
0.000% 8 4,066,182.01 28.00
0.250% 9 1,184,366.32 8.16
0.500% 5 639,846.59 4.41
0.750% 2 314,394.42 2.17
--- ---------------- --------
TOTALS 37 $ 14,520,162.96 100.00%
=== ================ ========
</TABLE>
<TABLE>
ONE-MONTH LIBOR MORTGAGE LOAN MARGINS AS OF DECEMBER 31, 1996
<CAPTION>
% of Such
Number of Mortgage Loans by
Margin Mortgage Loans Principal Balance Principal Balance
- ------------- -------------- ----------------------- --------------------
<S> <C> <C> <C>
1.125% 3 $ 2,421,799.27 1.28%
1.250% 3 1,910,700.00 1.01
1.375% 15 20,041,411.46 10.60
1.500% 7 5,629,864.85 2.98
1.625% 26 19,058,778.64 10.08
1.750% 19 13,768,045.21 7.28
1.875% 94 61,255,483.80 32.42
2.000% 24 14,893,983.71 7.88
2.125% 82 27,472,981.16 14.54
2.250% 13 6,021,733.35 3.19
2.375% 72 12,145,026.75 6.43
2.500% 2 328,996.78 0.17
2.625% 29 3,777,017.44 2.00
2.875% 2 271,000.00 0.14
--- ---------------- --------
TOTALS 391 $188,996,822.42 100.00%
=== ================ ========
</TABLE>
<TABLE>
SIX-MONTH LIBOR INDEX MORTGAGE LOAN MARGINS AS OF DECEMBER 31, 1996
<CAPTION>
Percent of Such
Number of Mortgage Loans by
Margin Mortgage Loans Principal Balance Principal Balance
- -------------- ----------------- --------------------- --------------------
<S> <C> <C> <C>
1.000% 1 $ 300,000.00 0.25%
1.125% 2 965,000.00 0.79
1.250% 1 300,000.00 0.25
1.375% 1 385,000.00 0.31
1.500% 16 19,439,406.37 15.88
1.625% 18 13,018,527.86 10.63
1.750% 53 28,382,900.67 23.18
1.875% 12 11,153,368.73 9.11
2.000% 60 25,431,034.40 20.77
2.125% 4 2,886,237.26 2.36
2.250% 65 11,684,936.70 9.54
2.375% 2 1,395,000.00 1.14
2.500% 43 5,911,538.67 4.83
2.625% 2 112,468.39 0.09
2.750% 9 1,064,492.30 0.87
--- --------------- --------
TOTALS 289 $122,429,911.35 100.00%
</TABLE>
<TABLE>
ONE-YEAR TREASURY INDEX MORTGAGE LOAN MARGINS AS OF DECEMBER 31, 1996
<CAPTION>
Percent of Such
Number of Mortgage Loans by
Margin Mortgage Loans Principal Balance Principal Balance
- ---------------- ---------------- ------------------------ --------------------
<S> <C> <C> <C>
1.000% 1 $ 360,000.00 3.42%
1.500% 2 1,374,800.00 13.07
1.875% 6 1,885,988.36 17.93
2.000% 3 1,452,038.15 13.80
2.125% 4 1,248,260.89 11.86
2.250% 4 1,064,120.00 10.11
2.375% 3 733,212.99 6.97
2.500% 12 1,473,571.83 14.01
2.625% 2 395,022.51 3.75
2.750% 4 534,407.66 5.08
-- -------------- --------
TOTALS 41 $10,521,422.39 100.00%
== ============== ========
</TABLE>
____________________
The date of this Supplement is March 31, 1997.
