April 6, 2000
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: MLMI Resecuritization Pass-Through Certificates, Series 2000-1B;
File No. 333-81429.
Ladies and Gentlemen:
Enclosed herewith for filing on behalf of the trust fund (the
"Trust") created pursuant to a Pooling Agreement dated and effective as
of January 25, 2000 (the "Agreement"), executed by and between Merrill
Lynch Mortgage Investors, Inc., as depositor (the Depositor"), and
Bankers Trust Company, as trustee, (the "Trustee").
The Certificates will consist of the Class A-1, Class A-2, Class A-3,
Class A-4 Certificates, which are being offered, and the Class R
Certificate which is not being offered for sale.
The Certificates will evidence all the beneficial ownership in a trust
established by the depositor into which the pooled securities will be
deposited.
The class principal balance for any class of offered certificates will
equal the aggregate amount of principal to which the class is entitled,
after giving effect to prior distributions of principal to that class and
any allocation of losses required to be borne by that class.
The Offered Certificates were registered under the Securities Act of 1933,
as amended, by a Registration Statement on Form S-11 (File No.
333-81429). As a result, the Trust is subject to the filing
requirements of Section 15(d) of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"). The Trust intends to fulfill these filing
requirements in the manner described herein:
The Trust will file, promptly after each Distribution Date (as defined in
the Pooling and Servicing Agreement), a Current Report on Form 8-K in
substantially the form enclosed herewith, including as an exhibit thereto
the applicable Distribution Date report. Each such Current Report will
also disclose under Item 5 any matter occurring during the relevant
reporting period which would be reportable under Item 1, 2, 4 or 5 of
Part II of Form 10-Q.
The Trust will file a Current Report on Form 8-K promptly after the
occurrence of any event described under Item 2, 3, 4 or 5 thereof,
responding to the requirements of the applicable Item.
Within 90 days after the end of each fiscal year, the Trust will file
an annual report of Form 10-K which responds to Items 2, 3, and 4 of
Part I, Items 5 and 9 of Part II, Items 12 and 13 of Part III and
Item 14 of Part IV thereof, and include as exhibits thereto certain
information from the Distribution Date reports aggregated for such
year and a copy of the independent accountants' annual compliance
statement required under the Pooling Agreement.
The Trust will follow the above procedures except for any fiscal year
as to which its reporting obligations under Section 15(d) of the
Exchange Act have been suspended pursuant to such Section. In such
event, the Trust will file a Form 15 as required under Rule 15d-6.
Should you wish to discuss the above filing procedures, please call
Judy L. Gomez at (714) 247-6255.
Sincerely,
/s/ Judy L. Gomez
Assistant Vice President
Bankers Trust Company
S.E.C. Reporting Agent for MLMI Resecuritization Pass-Through
Certificates, Series 2000-1B.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant To Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 25, 2000
MERRILL LYNCH MORTGAGE INVESTORS, INC.,
as depositor (the "Depositor") and Bankers Trust Company, as trustee
(the "Trustee") under the Pooling Agreement, dated and effective as
of January 25, 2000, providing for the issuance of the MLMI
Resecuritization Pass-Through Certificates, Series 2000-1B.
MLMI RESECURITIZATION PASS-THROUGH CERTIFICATES, SERIES 2000-1B.
(Exact name of Registrant as specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
333-81429 13-5674085
(Commission File Number) (I.R.S. Employer Identification No.)
250 VESEY STREET
WORLD FINANCIAL CENTER, NORTH TOWER
NEW YORK, NEW YORK 10281
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (212) 449-1000
Item 5. Other Events
Attached hereto is a copy of the Monthly Remittance Statements to the
Certificateholders which was derived from the monthly information
submitted by the Master Servicer of the Trust to the Trustee.
Item 7. Financial Statement and Exhibits
Exhibits: (as noted in Item 5 above)
Monthly Remittance Statement to the Certificateholders dated as of
February 25, 2000.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, hereunto duly authorized.
Bankers Trust Company not in its individual
capacity, but solely as a duly authorized
agent of the Registrant pursuant to the
Pooling Agreement, dated as of January 25,
2000.
Date: April 6, 2000 By: /s/ Judy L. Gomez
Judy L. Gomez
Assistant Vice President
EXHIBIT INDEX
Document
Monthly Remittance Statement to the Certificateholders
dated as of February 25, 2000.
Merrill Lynch Mortgage Investors, Inc.
MLMI Resecuritization Pass-Through Certificates
Series 2000-1B
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
A-1 68,726,000.00 68,726,000.00 372,204.07 386,619.42
>758,823.49 0.00 0.00 68,339,380.58
A-2 17,415,000.00 17,415,000.00 0.00 0.00
> 0.00 0.00 94,315.60 17,509,315.60
A-3 * 1,340,851.00 1,340,851.00 7,261.24 0.00
> 7,261.24 0.00 0.00 1,337,315.32
A-4 11,518,630.00 11,518,630.00 62,382.23 94,315.60
>156,697.83 0.00 0.00 11,424,314.40
R 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 97,659,630.00 97,659,630.00 441,847.54 480,935.02
>922,782.56 0.00 94,315.60 97,273,010.58
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
A-1 589929UU0 1,000.000000 5.415768 5.625519
> 11.041287 994.374481 6.500000% 6.500000%
A-2 589929UV8 1,000.000000 0.000000 0.000000
> 0.000000 1,005.415768 6.500000% 6.500000%
A-3 *589929UW6 1,000.000000 5.415397 0.000000
> 5.415397 997.363104 6.500000% 6.500000%
A-4 589929UX4 1,000.000000 5.415768 8.188092
> 13.603860 991.811908 6.500000% 6.500000%
R 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% 0.000000%
* Denotes a Notional Class. The Principal Balance indicates a Notional Balan
>ce only.
DEPOSITOR: Merrill Lynch Mortgage Investors, Inc. ADMI
>NISTRATOR: Christina M. Luke
> Deutsche Bank
LEAD UNDERWRITER: Merrill Lynch & Co.
> 1761 E. St. Andrew Place
RECORD DATE: January 31, 2000
> Santa Ana, CA 92705
DISTRIBUTION DATE: March 1, 2000
> FACTOR INFORMATION(800) 735-7777
Page 1 of 5
> (c) COPYRIGHT 2000 Deutsche Bank
Merrill Lynch Mortgage Investors, Inc.
MLMI Resecuritization Pass-Through Certificates
Series 2000-1B
Statement To Certificateholders
Distribution Date: March 1, 2000
Available Funds
> 922,782.56
Loss Amounts Since the Closing Date
> 0.00
Pooled Security Interest Shortfall amounts allocated to Class A-1
> 61.76
Pooled Security Interest Shortfall amounts allocated to Class A-2
> 15.65
Pooled Security Interest Shortfall amounts allocated to Class A-3
> 1.66
Pooled Security Interest Shortfall amounts allocated to Class A-4
> 10.35
> Second Prior Pooled Security Preceding Pooled Security
Number of Pooled Securities remaining: 3
> Distribution Date Distribution Date
> 27-Dec-99 25-Jan-00
MLMI 1999-2 Class A-1 Pooled Security Distribution Date Principal Balance
> 35,014,980.29 34,973,243.75
RFMSI 1999-S9 Class A-3 Pooled Security Distribution Date Principal Balance
> 35,130,267.31 34,861,940.90
RFMSI 1999-S11 Class A-1 Pooled Security Distribution Date Principal Balance
> 27,992,845.22 27,824,262.03
Aggregate Pooled Security Distribution Date Principal Balance
> 98,138,092.81 97,659,446.68
Interest (a)
> (b) (a) - (b) Count and
Pooled Security Interest Shortfall Interest I
>nterest Excess of Aggregate Principal Balance of
Distribution Date Information Rate per annum % Scheduled Di
>stributed Sched. v Dist. Underlying Mortgage Loans
MLMI 1999-2 Class A-1 6.500000% 0.000000% 189,438.40
>189,438.40 0.00 641 204,520,309.27
RFMSI 1999-S9 Class A-3 6.750000% 0.001481% 196,098.42
>196,055.39 43.03 1,592 501,156,674.15
RFMSI 1999-S11 Class A-1 6.500000% 0.002001% 150,714.75
>150,669.35 46.39 814 215,413,470.24
536,251.57
>536,163.14 89.42 3,047 921,090,453.66
Realized Loss Realized Loss Realized Loss
> Current
on Underly'g on Underly'g on Underly'g
>Current Realized Loss Current Total
Pooled Security Mort. Loans Mort. Loans Mort. Loans Rea
>lized Loss on Security Principal Amount
Distribution Date Information Current Since Cut-Off Life of Securit on
> Security Since Cut-Off Distributed Distributed
MLMI 1999-2 Class A-1 0.00 0.00 0.00
> 0.00 0.00 92,158.35 281,596.76
RFMSI 1999-S9 Class A-3 0.00 0.00 0.00
> 0.00 0.00 91,742.72 287,798.11
RFMSI 1999-S11 Class A-1 0.00 0.00 0.00
> 0.00 0.00 202,718.34 353,387.69
0.00 0.00 0.00
> 0.00 0.00 386,619.42 922,782.56
Page 2 of 5
> (c) COPYRIGHT 2000 Deutsche Bank
Merrill Lynch Mortgage Investors, Inc.
MLMI Resecuritization Pass-Through Certificates
Series 2000-1B
Statement To Certificateholders
HISTORY OF AGGREGATE POOLED SECURITY DELINQUENCY STATISTICS
Pooled Security Dist. Date Pool Aggregate 30 - 59 Days 60
>- 89 Days 90+ Days Foreclosures REO Loans
3,047 Count 28
> 1 3 2 0
25-Feb-00 612,598,677 Balance 8,044,358.58
> 63,158.01 899,603.23 400,973.86 0.00
% of Count 0.918937%
> 0.032819% 0.098457% 0.065638% 0.000000%
% of Balance 1.313153%
> 0.010310% 0.146850% 0.065455% 0.000000%
3,054 Count 26
> 2 3 1 0
25-Jan-00 960,142,401 Balance 7,205,536.31
>898,979.46 534,986.88 262,310.01 0.00
% of Count 0.851343%
> 0.065488% 0.098232% 0.032744% 0.000000%
% of Balance 0.750465%
> 0.093630% 0.055720% 0.027320% 0.000000%
3,065 Count 23
> 4 3 0 0
27-Dec-99 964,747,757 Balance 7,061,808.02 1,
>265,421.02 700,387.09 0.00 0.00
% of Count 0.750408%
> 0.130506% 0.097879% 0.000000% 0.000000%
% of Balance 0.731985%
> 0.131166% 0.072598% 0.000000% 0.000000%
3,070 Count 27
> 2 1 0 0
26-Nov-99 967,938,845 Balance 6,839,891.17
>438,077.08 262,310.01 0.00 0.00
% of Count 0.879479%
> 0.065147% 0.032573% 0.000000% 0.000000%
% of Balance 0.706645%
> 0.045259% 0.027100% 0.000000% 0.000000%
3,080 Count 27
> 1 1 1 0
25-Oct-99 971,955,357 Balance 7,441,226.68
>299,653.45 262,310.01 266,423.08 0.00
% of Count 0.876623%
> 0.032468% 0.032468% 0.032468% 0.000000%
% of Balance 0.765593%
> 0.030830% 0.026988% 0.027411% 0.000000%
3,087 Count 27
> 0 2 0 0
27-Sep-99 975,326,945 Balance 8,432,416.97
> 0.00 528,733.09 0.00 0.00
% of Count 0.874636%
> 0.000000% 0.064788% 0.000000% 0.000000%
% of Balance 0.864573%
> 0.000000% 0.054211% 0.000000% 0.000000%
3,097 Count 30
> 3 0 0 0
25-Aug-99 979,206,729 Balance 8,107,939.60
>780,000.59 0.00 0.00 0.00
% of Count 0.968679%
> 0.096868% 0.000000% 0.000000% 0.000000%
% of Balance 0.828011%
> 0.079656% 0.000000% 0.000000% 0.000000%
3,105 Count 38
> 2 2 0 0
26-Jul-99 983,461,620 Balance 11,949,912.85
>702,295.23 879,079.16 0.00 0.00
% of Count 1.223833%
> 0.064412% 0.064412% 0.000000% 0.000000%
% of Balance 1.215087%
> 0.071411% 0.089386% 0.000000% 0.000000%
3,122 Count 68
> 0 0 0 0
25-Jun-99 990,755,244 Balance 23,531,599.66
> 0.00 0.00 0.00 0.00
% of Count 2.178091%
> 0.000000% 0.000000% 0.000000% 0.000000%
% of Balance 2.375117%
> 0.000000% 0.000000% 0.000000% 0.000000%
3,131 Count 5
> 0 0 0 0
25-May-99 995,196,661 Balance 1,350,827.19
> 0.00 0.00 0.00 0.00
% of Count 0.159693%
> 0.000000% 0.000000% 0.000000% 0.000000%
% of Balance 0.135735%
> 0.000000% 0.000000% 0.000000% 0.000000%
836 Count 0
> 0 0 0 0
26-Apr-99 261,040,503 Balance 0.00
> 0.00 0.00 0.00 0.00
% of Count 0.000000%
> 0.000000% 0.000000% 0.000000% 0.000000%
% of Balance 0.000000%
> 0.000000% 0.000000% 0.000000% 0.000000%
0 Count 0
> 0 0 0 0
25-Mar-99 0 Balance 0.00
> 0.00 0.00 0.00 0.00
% of Count 0.000000%
> 0.000000% 0.000000% 0.000000% 0.000000%
% of Balance 0.000000%
> 0.000000% 0.000000% 0.000000% 0.000000%
Notes: Foreclosure and REO Loans are not included as part of Delinquenc
>ies. Bankruptcies, if any, are included as part of Delinquencies.
Percentages are based on the aggregate Underlying Mortgage Loan
>information from all related Pooled Securities for each
reporting category divided by aggregate of all Underlying Mortga
>ge Loan information for all related Pooled Securities.
Page 3 of 5
> (c) COPYRIGHT 2000 Deutsche Bank
Merrill Lynch Mortgage Investors, Inc.
MLMI Resecuritization Pass-Through Certificates
Series 2000-1B
Statement To Certificateholders
Distribution Date: March 1, 2000
Pooled Security: MLMI 1999-2 Class A-1
Delinquent Loans including Bankruptcy, if any. 30
>- 59 Days 60 - 89 Days 90+ Days Total
Principal Balance 1,
>738,196.13 0.00 0.00 1,738,196.13
Percentage of Pool Balance
> 0.849889% 0.000000% 0.000000% 0.849889%
Number of Underlying Mortgage Loans
> 6 0 0 6
Percentage of Underlying Mortgage Loans
> 0.936037% 0.000000% 0.000000% 0.936037%
Foreclosure Loans
> Total
Principal Balance
> 0.00
Percentage of Pool Balance
> 0.000000%
Number of Underlying Mortgage Loans
> 0
Percentage of Underlying Mortgage Loans
> 0.000000%
REO Loans
> Total
Principal Balance
> 0.00
Percentage of Pool Balance
> 0.000000%
Number of Underlying Mortgage Loans
> 0
Percentage of Underlying Mortgage Loans
> 0.000000%
Pooled Security: RFMSI 1999-S9 Class A-3
Delinquent Loans including Bankruptcy, if any. 30
>- 59 Days 60 - 89 Days 90+ Days Total
Principal Balance 4,
>208,719.35 0.00 802,451.76 5,011,171.11
Percentage of Pool Balance
> 2.184476% 0.000000% 0.416501% 2.600978%
Number of Underlying Mortgage Loans
> 14 0 2 16
Percentage of Underlying Mortgage Loans
> 0.879397% 0.000000% 0.125628% 1.005025%
Foreclosure Loans
> Total
Principal Balance
> 262,310.01
Percentage of Pool Balance
> 0.136148%
Number of Underlying Mortgage Loans
> 1
Percentage of Underlying Mortgage Loans
> 0.062814%
REO Loans
> Total
Principal Balance
> 0.00
Percentage of Pool Balance
> 0.000000%
Number of Underlying Mortgage Loans
> 0
Percentage of Underlying Mortgage Loans
> 0.000000%
Page 4 of 5
> (c) COPYRIGHT 2000 Deutsche Bank
Merrill Lynch Mortgage Investors, Inc.
MLMI Resecuritization Pass-Through Certificates
Series 2000-1B
Statement To Certificateholders
Distribution Date: March 1, 2000
Pooled Security: RFMSI 1999-S11 Class A-1
Delinquent Loans including Bankruptcy, if any. 30
>- 59 Days 60 - 89 Days 90+ Days Total
Principal Balance 2,
>097,443.10 63,158.01 97,151.47 2,257,752.58
Percentage of Pool Balance
> 0.973682% 0.029319% 0.045100% 1.048102%
Number of Underlying Mortgage Loans
> 8 1 1 10
Percentage of Underlying Mortgage Loans
> 0.982801% 0.122850% 0.122850% 1.228501%
Foreclosure Loans
> Total
Principal Balance
> 138,663.85
Percentage of Pool Balance
> 0.064371%
Number of Underlying Mortgage Loans
> 1
Percentage of Underlying Mortgage Loans
> 0.122850%
REO Loans
> Total
Principal Balance
> 0.00
Percentage of Pool Balance
> 0.000000%
Number of Underlying Mortgage Loans
> 0
Percentage of Underlying Mortgage Loans
> 0.000000%
Page 5 of 5
> (c) COPYRIGHT 2000 Deutsche Bank
