Registration No. 33-84894
Rule 424(b)(3)
SUPPLEMENT TO PROSPECTUS SUPPLEMENT DATED OCTOBER 26, 1995
MLCC MORTGAGE INVESTORS, INC., Seller
ML Home Equity Loan Pass-Through Certificates,
Series 1995-2, Class A
MERRILL LYNCH CREDIT CORPORATION
Servicer
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On October 31, 1995, the ML Home Equity Loan Trust 1995-2 (the "Trust")
issued the ML Home Equity Loan Pass-Through Certificates, Series 1995-2 (the
"Certificates") in an original aggregate principal amount of approximately
$376,876,403. Each Certificate represented an undivided interest in the
Trust 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 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 Equity Access Program--Delinquency and Loan Loss
Experience" on page S-30 of the Prospectus Supplement are hereby updated, in
their entirety, as follows:
<TABLE>
MORTGAGE LOAN DELINQUENCY EXPERIENCE
(DOLLARS IN THOUSANDS)
<CAPTION>
As of December 31,
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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>
MORTGAGE 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>
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(1) As a percentage of aggregate balance of revolving credit line loans
serviced.
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:
Trust Balances of Mortgage Loans as of December 31, 1996
<TABLE>
<CAPTION>
Number of % of Pool
Mortgage Loan by Loan
Range of Loan Balances Loans Balance Balance
- --------------------------------------- ------------ ---------------- ------------
<S> <C> <C> <C>
$ 4,999.99 or Lower . . . . . . . . 1,787 $ 3,911,158.31 2.15%
$ 5,000.00- 9,999.99 . . . . . . . . 902 6,426,518.48 3.54
$ 10,000.00- 14,999.99 . . . . . . . 639 7,757,665.30 4.27
$ 15,000.00- 19,999.99 . . . . . . . 496 8,619,225.12 4.75
$ 20,000.00- 24,999.99 . . . . . . . 353 7,880,108.02 4.34
$ 25,000.00- 29,999.99 . . . . . . . 251 6,868,982.16 3.78
$ 30,000.00- 34,999.99 . . . . . . . 187 6,027,270.18 3.32
$ 35,000.00- 39,999.99 . . . . . . . 161 5,986,345.02 3.30
$ 40,000.00- 44,999.99 . . . . . . . 166 6,991,891.90 3.85
$ 45,000.00- 49,999.99 . . . . . . . 131 6,238,556.97 3.44
$ 50,000.00- 54,999.99 . . . . . . . 102 5,298,702.45 2.92
$ 55,000.00- 59,999.99 . . . . . . . 81 4,659,589.89 2.57
$ 60,000.00- 64,999.99 . . . . . . . 56 3,491,903.66 1.92
$ 65,000.00- 69,999.99 . . . . . . . 57 3,834,252.82 2.11
$ 70,000.00- 74,999.99 . . . . . . . 56 4,063,942.44 2.24
$ 75,000.00- 99,999.99 . . . . . . . 180 15,406,231.40 8.49
$ 100,000.00-149,999.99 . . . . . . . 186 22,298,507.42 12.28
$ 150,000.00-199,999.99 . . . . . . . 67 11,721,242.83 6.46
$ 200,000.00-249,999.99 . . . . . . . 37 8,141,886.40 4.49
$ 250,000.00-299,999.99 . . . . . . . 31 8,420,984.59 4.64
$ 300,000.00-349,999.99 . . . . . . . 17 5,444,764.90 3.00
$ 350,000.00-399,999.99 . . . . . . . 6 2,205,533.05 1.22
$ 400,000.00-449,999.99 . . . . . . . 5 2,056,434.93 1.13
$ 450,000.00-499,999.99 . . . . . . . 2 935,568.81 0.52
$ 550,000.00-599,999.99 . . . . . . . 1 550,000.00 0.30
$ 600,000.00-649,999.99 . . . . . . . 4 2,460,242.59 1.36
$ 650,000.00-699,999.99 . . . . . . . 4 2,707,605.57 1.49
$ 750,000.00-799,999.99 . . . . . . . 1 750,000.00 0.41
$ 950,000.00-999,999.99 . . . . . . . 2 1,948,370.66 1.07
$ 1,500,000.00- 1,599,999.99 . . . . . . 1 1,500,000.00 0.83
$ 3,000,000.00 or Higher . . . . . . 2 6,916,953.78 3.81
------- --------------- ------
TOTALS . . . . . . . 5,971 $181,520,439.65 100.00%
======= =============== ======
</TABLE>
____________________
The date of this Supplement is March 31, 1997.
