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Previous: COLONIAL MUNICIPAL INCOME TRUST, NSAR-B, 1996-01-25 |
Next: MERRILL LYNCH MORTGAGE INVESTORS INC, 15-15D, 1996-01-25 |
<PAGE>
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 report): November 25, 1995
Merrill Lynch Mortgage Investors, Inc.
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware
- --------------------------------------------------------------------------------
(State or other jurisdiction of incorporation)
33-61112 13-3416059
- --------------------------------------------------------------------------------
(Commission File Number) (IRS Employer Identification No.)
World Financial Headquarters
North Tower - 10th Fl.
New York, New York 10281-1310
- --------------------------------------------------------------------------------
(Address of principal executive offices and Zip code)
Registrant's telephone number, including area code: (212) 449-0336
Not Applicable
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
------------
In compliance with the procedure set forth in the no-action letter issued by
the staff of the Division of Corporate Finance of September 23, 1994, to Merrill
Lynch Mortgage Investors, Inc. (the "Issuer"), the Issuer files herewith a copy
of the Servicer's report issued November 25, 1995, relating to its Series
1994-C1 Trust Fund to holders of Class A, Class B, Class C, Class D, and ClassIO
Certificates.
SIGNATURES
- ----------
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on behalf by the undersigned
hereunto duly authorized.
Merrill Lynch Mortgage Investors, Inc.
By: /s/ Michael M. McGovern
Michael M. McGovern
Its: Director and Secretary
Dated: November 27, 1995
<PAGE>
MERRILL LYNCH MORTGAGE INVESTORS, INC.
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1994-C1
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
<TABLE>
<CAPTION>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- -------------- -------------- ------------ ------------ ------------ -------- -------- --------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
W 179,135,000.00 148,941,161.76 1,082,487.14 2,167,879.63 3,250,366.77 0.00 0.00 146,773,282.13
X 10,236,000.00 10,236,000.00 74,394.06 0.00 74,394.06 0.00 0.00 10,236,000.00
Y 12,795,000.00 12,795,000.00 95,658.21 0.00 95,658.21 0.00 0.00 12,795,000.00
Z 53,741,702.00 53,741,702.00 550,868.28 0.00 550,868.28 0.00 0.00 53,741,702.00
R-1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
-------------- -------------- ------------ ------------ ------------ ---- ---- --------------
TOTALS 255,907,702.00 225,713,863.76 1,803,407.69 2,167,879.63 3,971,287.32 0.00 0.00 223,545,984.13
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
RATES
PRIOR CURRENT
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ---------- ------------ --------- --------- --------- ------------ ---------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
W 831.446461 6.042857 12.101932 18.144789 819.344529 8.721461% 8.706920%
X 1,000.000000 7.267884 0.000000 7.267884 1,000.000000 8.971461% 8.706920%
Y 1,000.000000 7.476218 0.000000 7.476218 1,000.000000 8.971461% 8.956920%
Z 1,000,000 10.250295 0.000000 10.250295 1,000.000000 9.381461% 9.366920%
R-1 589929JJ8 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
<CAPTION>
SELLER: Merrill Lynch Mortgage Investors, Inc. ADMINISTRATOR: Timothy Lewis
<S> <C> <C> <C>
SERVICER: Mellon Mortgage Company Bankers Trust Company
LEAD UNDERWRITER: Merrill Lynch & Co. 3 Park Plaza
RECORD DATE: October 31, 1995 Irvine, CA 92714
DISTRIBUTION DATE: November 27, 1995 FACTOR INFORMATION: (800) 735-7777
</TABLE>
* COPYRIGHT 1995 Bankers Trust Company
Page 1 of 4
<PAGE>
MERRILL LYNCH MORTGAGE INVESTORS, INC.
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1994-C1
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
<TABLE>
<CAPTION>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- --------- -------- --------- ----- -------- -------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 179,135,000.00 148,941,161.76 1,082,487.14 2,167,879.63 3,250,366.77 0.00 0.00 146,773,282.13
IO 0.00 0.00 130,721.88 0.00 130,721.88 0.00 0.00 0.00
B 10,236,000.00 10,236,000.00 74,394.06 0.00 74,394.06 0.00 0.00 10,236,000.00
C 12,795,000.00 12,795,000.00 95,658.21 0.00 95,628.21 0.00 0.00 12,795,000.00
D 12,795,000.00 12,795,000.00 100,029.83 0.00 100,029.83 0.00 0.00 12,795,000.00
E 17,913,000.00 17,913,000.00 140,041.76 0.00 140,041.76 0.00 0.00 17,913,000.00
F 10,236,000.00 10,236,000.00 80,023.86 0.00 80,023.86 0.00 0.00 10,236,000.00
G 12,797,702.00 12,797,702.00 100,050.95 0.00 100,050.95 0.00 0.00 12,797,702.00
R-2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
-------------- -------------- ------------ ------------ ------------ ---- ---- --------------
TOTALS 255,907,702.00 225,713,863.76 1,803,407.69 2,167,879.63 3,971,287.32 0.00 0.00 223,545,984.13
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
RATES
PRIOR CURRENT
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- --------- -------- --------- ----- --------- ------- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 589929HY7 831.446461 6.042857 12.101932 18.144789 819.344529 8.721461% 8.706920%
IO 589929HZ4 0.000000 0.646607 0.000000 0.646607 0.000000 0.641400% 0.641162%
B 589929JA7 1,000.000000 7.267884 0.000000 7.267884 1,000.000000 8.721461% 8.706920%
C 589929JC3 1,000.000000 7.476218 0.000000 7.476218 1,000.000000 8.971461% 8.956920%
D 589929JE9 1,000.000000 7.817884 0.000000 7.817884 1,000.000000 9.381461% 9.366920%
E 589929JF6 1,000.000000 7.817884 0.000000 7.817884 1,000.000000 9.381461% 9.366920%
F 589929JG4 1,000.000000 7.817884 0.000000 7.817884 1,000.000000 9.381461% 9.366920%
G 589929JH2 1,000.000000 7.817884 0.000000 7.817884 1,000.000000 9.381461% 9.366920%
R-2 589929JK5 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
<CAPTION>
<S> <C> <C> <C>
SELLER: Merrill Lynch Mortgage Investors, Inc. ADMINISTRATOR: Timothy Lewis
SERVICER: Mellon Mortgage Company Bankers Trust Company
LEAD UNDERWRITER: Merrill Lynch & Co. 3 Park Plaza
RECORD DATE: October 31, 1995 Irvine, CA 92714
DISTRIBUTION DATE: November 27, 1995 FACTOR INFORMATION: (800) 735-7777
</TABLE>
* COPYRIGHT 1995 Bankers Trust Company
Page 2 of 4
<PAGE>
MERRILL LYNCH MORTGAGE INVESTORS, INC.
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1994-C1
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: November 27, 1995
- ------------------ -----------------
PREPAYMENT PREMIUMS (Distrubuted to REMIC II Holders): 38,802.82
REIMBERSURSED REALIZED LOSSES AND ADDITIONAL TRUST FUND EXPENSES: 0.00
AVAILABLE DISTRUBUTION AMOUNT: 3,971,287.34
AGGREGATE PRINCIPAL AND INTEREST ADVANCES (Current Period): 133,254.55
MASTER SERVICER COMPENSATION: 21,119.55
SPECIAL SERVICER COMPENSATION: 1,999.19
DELINQUENT AND LOANS
FORECLOSURE 1 2 3 OR MORE IN
INFORMATION MONTH MONTHS MONTHS FORECLOSURE
- -------------- ----- ------ -------- -----------
PRINCIPAL BALANCE 1,212,897.98 0.00 975,157.63 0.00
NUMBER OF LOANS 1 0 1 0
BEGINNING NUMBER OF LOANS: 118
ENDING NUMBER OF LOANS: 117
BEGINNING POOL BALANCE: 225,713,863.76
ENDING POOL BALANCE: 223,545,984.13
WEIGHTED AVERAGE MORTGAGE RATE (As of Current Remittance Date): 9.532304%
WEIGHT AVERAGE TERM TO MATURITY: 110
PRINCIPAL DISTRUBUTION AMOUNT: 2,167,879.63
BEGINNING CLASS IO NOTIONAL PRINCIPAL AMOUNT: 171,972,161.76
ENDING CLASS IO NOTIONAL PRINCIPAL AMOUNT: 169,804,282.13
ORIGINAL CLASS IO NOTIONAL PRINCIPAL AMOUNT: 202,166,000.00
INTEREST INFORMATION: CLASS ACCRUED DISTRIBUTABLE UNPAID
INTEREST INTEREST DISTRIBUTABLE
INTEREST
(End of Period)
----- -------- ------------- ---------------
A 1,082,487.14 1,082,487.14 0.00
IO 91,919.06 130,721.88 0.00
B 74,394.06 74,394.06 0.00
C 95,658.21 95,658.21 0.00
D 100,029.83 100,029.83 0.00
E 140,041.76 140,041.76 0.00
F 80,023.86 80,023.86 0.00
G 100,050.95 100,050.95 0.00
------------ ------------ ----
TOTAL 1,764,604.87 1,803,407.69 0.00
============ ============ ====
* COPYRIGHT 1995 Bankers Trust Company
Page 3 of 4
<PAGE>
MERRILL LYNCH MORTGAGE INVESTORS, INC.
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1994-C1
INTEREST SHORTFALL BREAKDOWN
Distribution Date: November 27, 1995
- ------------------ -----------------
REALIZED LOSSES
INFORMATION: CLASS REALIZED ADDITONAL UNPAID
LOSS TRUST FUND TOTAL REALIZED
EXPENSES LOSSES
(End of Period)
----- -------- ------------- ---------------
A 0.00 0.00 N/A
IO 0.00 0.00 N/A
B 0.00 0.00 N/A
C 0.00 0.00 N/A
D 0.00 0.00 N/A
E 0.00 0.00 N/A
F 0.00 0.00 N/A
G 0.00 0.00 N/A
---- ---- ----
TOTAL 0.00 0.00 0.00
==== ==== ====
DELINQUENCY LOAN INFORMATION:
<TABLE>
<CAPTION>
Loan Number Number of Loan Regarding Acceleration Acceleration Environmental
Months Deliquent Ending Balance Balloon Pmt Notice Notice Date Assessment
- ----------- ---------------- -------------- ----------- ------------ ------------ -------------
<S> <C> <C> <C> <C> <C> <C>
00000000000002470281 3 $974,513.56 NO 0 N/A 0
00000000000001471702 1 $1,210,467.18 NO 0 N/A 0
</TABLE>
* COPYRIGHT 1995 Bankers Trust Company
Page 4 of 4
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