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): September 28, 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
September 28, 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: October 23, 2000 By: /s/ Judy L. Gomez
Judy L. Gomez
Assistant Vice President
EXHIBIT INDEX
Document
Monthly Remittance Statement to the Certificateholders
dated as of September 28, 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 63,435,796.94 343,573.51 1,173,971.93 1,
>517,545.44 0.00 0.00 62,261,825.01
A-2 17,415,000.00 18,086,013.11 0.00 0.00
> 0.00 0.00 97,955.33 18,183,968.44
A-3 * 1,340,851.00 1,276,165.92 6,911.37 0.00
> 6,911.37 0.00 0.00 1,263,537.24
A-4 11,518,630.00 10,847,616.89 58,751.60 97,955.33
>156,706.93 0.00 0.00 10,749,661.56
R 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 97,659,630.00 92,369,426.94 409,236.48 1,271,927.26 1,
>681,163.74 0.00 97,955.33 91,195,455.01
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 923.024720 4.999178 17.081918
> 22.081097 905.942802 6.500000% 6.500000%
A-2 589929UV8 1,038.530756 0.000000 0.000000
> 0.000000 1,044.155523 6.500000% 6.500000%
A-3 *589929UW6 951.758192 5.154465 0.000000
> 5.154465 942.339779 6.500000% 6.500000%
A-4 589929UX4 941.745406 5.100572 8.504078
> 13.604650 933.241328 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: Jacqueline Sewell
> Deutsche Bank
LEAD UNDERWRITER: Merrill Lynch & Co.
> 1761 E. St. Andrew Place
RECORD DATE: August 31, 2000
> Santa Ana, CA 92705
DISTRIBUTION DATE: September 28, 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: September 28, 2000
Available Funds
> 1,681,163.74
Loss Amounts Since the Closing Date
> 0.00
Pooled Security Interest Shortfall amounts allocated to Class A-1
> 37.06
Pooled Security Interest Shortfall amounts allocated to Class A-2
> 10.57
Pooled Security Interest Shortfall amounts allocated to Class A-3
> 1.20
Pooled Security Interest Shortfall amounts allocated to Class A-4
> 6.33
> Second Prior Preceding Current
> Pool Security Pool Security Pool Security
Number of Pooled Securities remaining: 3
> Distrib'n Date Distrib'n Date Distrib'n Date
> 25-Jul-00 25-Aug-00 25-Sep-00
MLMI 1999-2 Class A-1 Pooled Security Distribution Date Principal Balance
> 33,118,349.58 32,615,130.59 32,048,060.79
RFMSI 1999-S9 Class A-3 Pooled Security Distribution Date Principal Balance
> 33,436,933.08 33,180,313.98 32,851,968.08
RFMSI 1999-S11 Class A-1 Pooled Security Distribution Date Principal Balance
> 26,746,899.45 26,573,982.55 26,295,426.34
Aggregate Pooled Security Distribution Date Principal Balance
> 93,302,182.11 92,369,427.12 91,195,455.21
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% 176,665.29
>176,665.29 0.00 603 191,136,107.63
RFMSI 1999-S9 Class A-3 6.750000% 0.001129% 186,639.27
>186,608.04 31.23 1,534 478,805,831.71
RFMSI 1999-S11 Class A-1 6.500000% 0.001081% 143,942.41
>143,918.48 23.93 788 241,472,325.02
507,246.97
>507,191.81 55.16 2,925 911,414,264.36
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 0.00 567,069.80 743,735.09
RFMSI 1999-S9 Class A-3 0.00 0.00 0.00
> 0.00 0.00 328,345.91 514,953.95
RFMSI 1999-S11 Class A-1 0.00 28,862.96 28,862.96
> 0.00 0.00 278,556.22 422,474.70
0.00 28,862.96 28,862.96
> 0.00 0.00 1,173,971.93 1,681,163.74
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
2,925 Count 29
> 3 1 4 0
25-Sep-00 614,644,239 Balance 8,623,870.99
>597,368.95 285,860.99 1,227,452.84 0.00
% of Count 0.991453%
> 0.102564% 0.034188% 0.136752% 0.000000%
% of Balance 1.403067%
> 0.097189% 0.046508% 0.199701% 0.000000%
2,950 Count 37
> 5 1 4 0
25-Aug-00 621,225,292 Balance 9,140,848.55
>902,175.96 285,860.99 1,227,526.60 0.00
% of Count 1.254237%
> 0.169492% 0.033898% 0.135593% 0.000000%
% of Balance 1.471422%
> 0.145225% 0.046016% 0.197598% 0.000000%
2,968 Count 30
> 2 2 2 1
25-Jul-00 626,345,528 Balance 8,359,891.61
>701,893.58 868,498.54 359,101.55 137,424.88
% of Count 1.010782%
> 0.067385% 0.067385% 0.067385% 0.033693%
% of Balance 1.334709%
> 0.112062% 0.138661% 0.057333% 0.021941%
2,993 Count 30
> 0 3 1 1
26-Jun-00 633,684,245 Balance 8,737,503.15
> 0.00 965,435.45 262,310.01 137,541.00
% of Count 1.002339%
> 0.000000% 0.100234% 0.033411% 0.033411%
% of Balance 1.378842%
> 0.000000% 0.152353% 0.041394% 0.021705%
3,005 Count 30
> 1 7 1 1
25-May-00 636,677,763 Balance 8,462,467.65
> 79,205.62 1,868,681.72 262,310.01 137,656.41
% of Count 0.998336%
> 0.033278% 0.232945% 0.033278% 0.033278%
% of Balance 1.329160%
> 0.012440% 0.293505% 0.041200% 0.021621%
3,019 Count 25
> 2 5 2 0
25-Apr-00 641,036,001 Balance 7,568,496.56
>651,543.03 1,217,138.69 400,973.86 0.00
% of Count 0.828089%
> 0.066247% 0.165618% 0.066247% 0.000000%
% of Balance 1.180666%
> 0.101639% 0.189871% 0.062551% 0.000000%
3,036 Count 27
> 3 4 2 0
27-Mar-00 645,227,087 Balance 8,332,199.10
>862,029.82 962,761.24 400,973.86 0.00
% of Count 0.889328%
> 0.098814% 0.131752% 0.065876% 0.000000%
% of Balance 1.291359%
> 0.133601% 0.149213% 0.062145% 0.000000%
3,047 Count 28
> 1 3 2 0
25-Feb-00 648,598,677 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 1.240267%
> 0.009738% 0.138700% 0.061822% 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%
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: September 28, 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 2,
>329,152.24 0.00 0.00 2,329,152.24
Percentage of Pool Balance
> 1.218583% 0.000000% 0.000000% 1.218583%
Number of Underlying Mortgage Loans
> 6 0 0 6
Percentage of Underlying Mortgage Loans
> 0.995025% 0.000000% 0.000000% 0.995025%
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,
>357,146.30 597,368.95 285,860.99 5,240,376.24
Percentage of Pool Balance
> 2.393566% 0.328160% 0.157036% 2.878761%
Number of Underlying Mortgage Loans
> 14 3 1 18
Percentage of Underlying Mortgage Loans
> 0.912647% 0.195567% 0.065189% 1.173403%
Foreclosure Loans
> Total
Principal Balance
> 765,833.35
Percentage of Pool Balance
> 0.420705%
Number of Underlying Mortgage Loans
> 2
Percentage of Underlying Mortgage Loans
> 0.130378%
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: September 28, 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 1,
>937,572.45 0.00 0.00 1,937,572.45
Percentage of Pool Balance
> 0.802399% 0.000000% 0.000000% 0.802399%
Number of Underlying Mortgage Loans
> 9 0 0 9
Percentage of Underlying Mortgage Loans
> 1.142132% 0.000000% 0.000000% 1.142132%
Foreclosure Loans
> Total
Principal Balance
> 461,619.49
Percentage of Pool Balance
> 0.191169%
Number of Underlying Mortgage Loans
> 2
Percentage of Underlying Mortgage Loans
> 0.253807%
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
