SECURITIES AND EXCHANGE COMMISSION
" Washington, D.C. 20549"
FORM 10-K
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
(Mark One)
[ x ] Annual Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
"For the fiscal year ended DECEMBER 31, 1998"
_______________________________ or
[ ] Transition Report Pursuant to Section 13 or 15d of the Securities
Exchange Act of 1934
For the transition period from _____________ to ________
Commission file Number 033-11588-02
"Merrill Lynch Mortgage Investors, Inc., Mortgage Loan Pass-Through
Certificates, Series 1998-1"
(Exact name of registrant as specified in its charter)
Delaware 13-5674085
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
250 Vesey Street
"World Financial Center, North Tower" 10281
"New York, NY"
(Address of Principal Executive Offices) (Zip Code)
"Registrant's telephone number, including area code:" (212) 449-1000
Securities registered pursuant to Section 12(b) of the Act
NONE
Securities registered pursuant to Section 12(g) of the Act
NONE
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Act of 1934
during the preceding 12 months (or for such shorter period that the registrant
"was required to file such reports), and (2) has been subject to such filing"
requirements for the past 90 days.
x Yes No
PART I
Item 2. Properties
Not applicable on reliance of relief letters
Item 3. Legal Proceedings
There were no legal proceedings.
Item 4. Submission of Matters to a Vote of Security Holders
There were no matters submitted to a vote of the Security Holders.
PART II
Item 5. Market for Registrant's Common Equity and Related Stockholder matters
The following were Noteholders and Certificateholders of record
as of the end of the reporting year.
"Merrill Lynch Mortgage Investors, Inc. Mortgage Loan"
Pass-Through Certificates Series 1998-1
Class A-1 Cede & Co.
Class A-2 Cede & Co.
Class A-3 Cede & Co.
Class PO Cede & Co.
Class X Cede & Co.
Class M-1 Cede & Co.
Class M-2A Cede & Co.
Class M-2B Cede & Co.
Class M-3 Cede & Co.
Class B-1 Cede & Co.
Class B-2 Cede & Co.
Class B-3 Cede & Co.
Class R Cede & Co.
There is no established public trading market for the notes.
Item 9. Changes in and Disagreements with Accountants on Accounting and
Financial Disclosures: Information required by Item 304 of Reg. S-K.
There were no changes in and/or disagreements with Accountants on
Accounting and Financial Disclosures.
PART IV
Item 12. Security Ownership of Certain Beneficial Owners and Management
The Notes are represented by one or more notes registered in the name of
"of Cede & Co., the nominee of The Depository Trust Company. An investor"
holding Notes is not entitled to receive a certificate representing such
"Note, except in limited circumstances. Accordingly, Cede & Co. is the "
"sole holder of Notes, which it holds on behalf of brokers, dealers,"
banks and other participants in the DTC system. Such participants may
hold Notes for their own accounts or for the accounts of their customers.
The address of Cede & Co. is:
Cede & Co.
c/o The Depository Trust Company
Seven Hanover Square
"New York, New York 10004"
Item 13. Certain Relationships and Related Transactions.
"There has not been, and there is not currently proposed, any transactions"
"or series or transactions, to which any of the Trust, the Registrant,"
"the Trustee or the Servicer is a party with any Noteholder who, to the"
"knowledge of the Registrant and Servicer, owns of record or beneficially"
more than five percent of the Notes.
"Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K"
(a) 1. Not Applicable
2. Not Applicable
3. Exhibits
99.1 Annual Summary Statement
99.2 Annual Statement as to Compliance.
99.3 Annual Independent Public
Accountant's Servicing Report.
(b) Reports on Form 8-K
The Registrant has filed Current Reports on Form 8-K
with the Securities and Exchange Commision dated
"September 25, 1998;"
"October 26, 1998; November 25, 1998; December 28, 1998"
(c) See (a) 3 above
(d) Not Applicable
SIGNATURES
"Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934,"
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
"Merill Lynch Mortgage Investors, Inc."
/s/ Donna Fanning
Vice President
Donna Fanning
The First National Bank of Chicago
Date "March 23, 1999"
EXHIBIT INDEX
Exhibit Number Description
99.1 Annual Summary Statement
99.2 Annual Statement of Compliance
99.3 Report of Independent Accountants
EXHIBIT 99.1 -- Summary of Aggregate Amounts or End of Year
" Amounts for the period ending December 31, 1998"
"Merrill Lynch Mortgage Investors, Inc. Mortgage Loan"
Pass-Through Certificates Series 1998-1
Summary of Aggregate Amounts or End of Year Amounts
Pool Balance "$127,826,600.24 "
Principal Collections " 7,472,857.14 "
Interest Collections " 3,071,561.79 "
Realized Losses $0.00
Servicer Fees " 110,651.63 "
Certificate Balance Interest Principal
Class A-1 " 104,499,441.28 " "$2,345,230.91 " " 6,224,558.72 "
Class A-2 " 1,694,443.00 " "$36,712.93 " -
Class A-3 " 12,439,677.86 " "$270,222.72 " " 51,160.14 "
(1) Class PO " 241,290.14 " - " 1,325.86 "
(2) Class X " 122,558,292.39 " "$199,867.87 " -
Class M-1 " 5,726,675.14 " "$124,398.54 " " 23,551.86 "
Class M-2A " 1,010,589.79 " "$21,952.68 " " 4,156.21 "
Class M-2B " 336,863.60 " "$7,317.57 " " 1,385.40 "
Class M-3 " 1,010,589.79 " "$21,952.68 " " 4,156.21 "
Class B-1 " 943,216.87 " "$20,489.17 " " 3,879.13 "
Class B-2 " 538,980.36 " "$11,708.08 " " 2,216.64 "
Class B-3 " 538,980.55 " "$11,708.08 " " 2,216.45 "
Class R - $0.54 100.00
(1) Principal-Only Security
(2) Interest-Only Security
EXHIBIT 99.2 -- Servicer's Annual Statement of Compliance
To be supplied upon receipt by the Trustee
EXHIBIT 99.3 -- Report of Independent Auditors
To be supplied upon receipt by the Trustee
