UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
(Mark One)
[x] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the year ended December 29, 1995
------------------
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from ______________ to _________
Commission File Numbers: 33-11558, 33-16027, 33-20634,
33-24556, 33-31848, 33-34915,
33-47672, 33-51166, 33-57682,
33-60340, 33-61112, 33-70254,
33-74332, 33-77958
-----------------------------
MERRILL LYNCH MORTGAGE INVESTORS, INC.
-----------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 13-3416059
- -------------------------------- -------------------
(State or other jurisdiction (IRS Employer
of incorporation or organization Identification No.)
World Financial Center
North Tower
250 Vesey Street - 10 th Flr
New York, New York 10281-1310
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:(212) 449-0336
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 Exchange 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.
Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 of Regulation S-K is not contained herein,
and will not be contained, to the best of registrant's knowledge,
in definite proxy or information statements incorporated by
reference in Part III of this Form 10-K or any amendment to this
Form 10-K.
[Not Applicable]
None of the Registrant's outstanding common stock is owned by non-
affiliates.
This report on Form 10-K is filed pursuant to the letters dated
July 9, 1987, May 14, 1993, and July 31, 1994 to the Registrant
from the Office of Chief Counsel, Division of Corporate Finance,
Securities and Exchange Commission and in accordance with certain
pending no-action letter requests.
<PAGE>
TABLE OF CONTENTS
PART I
Item 1. Business
Item 2. Properties
Item 3. Legal Proceedings
Item 4. Submission of Matters to a Vote of Security
Holders
PART II
Item 5. Market for Registrant's Common Stock
and Related Stockholder Matters
Item 6. Selected Financial Data
Item 7. Management's Discussion and Analysis
of Financial Condition and Results of Operations
Item 8. Financial Statements and Supplementary Data
Item 9. Changes in and Disagreements with Accountants
on Accounting and Financial Disclosure
PART III
Item 10. Directors and Executive Officers of the
Registrant
Item 11. Executive Compensation
Item 12. Security Ownership of Certain Beneficial
Owners and Management
Item 13. Certain Relationships and Related Transactions
PART IV
Item 14 Exhibits, Financial Statement Schedules,
and Reports on Form 8-K
Signatures
<PAGE>
PART I
ITEM 1. BUSINESS
Not Applicable.
ITEM 2. PROPERTIES
Residential Mortgage Pass-Through Certificates:
The series of residential mortgage pass-through
certificates (as hereinafter defined in Item 5(b)),
do not own any physical property. Title to real
estate will only be acquired upon default of the
mortgagors under the mortgage loans.
Commercial Mortgage Pass-Through Certificates:
For Mortgage Pass-Through Certificates, Series 1994-
M1, information regarding the mortgaged properties
securing the mortgage loans is set forth in the
Prospectus Supplement. Title to real estate will
only be acquired upon default of the mortgagors under
the mortgage loans.
ITEM 3. LEGAL PROCEEDINGS
There are no material pending legal proceedings
that involve any Series of Certificates, the Trustee,
the Master Servicer or the Registrant with respect to
any Series of Certificates nor is the Registrant
aware of any proceedings known to be contemplated by
governmental authorities.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
There have been no matters submitted to a vote of
certificate holders.
PART II
ITEM 5. MARKET FOR REGISTRANTS COMMON EQUITY AND RELATED
STOCKHOLDER MATTERS
(a) There is no established public trading market for the
Certificates representing interests in conventional
mortgage loan or manufactured housing contract pools
established by the Registrant.
<PAGE>
(b) At December 29, 1995, the number of holders of record
of each outstanding series of certificates ("Series of
certificates"), for which a Form 15 has not been filed,
were as follows:
<TABLE>
<CAPTION>
Number of
Record Holders
--------------
Residential Mortgage Pass-Through Certificates
----------------------------------------------
<S> <C>
Manufactured Housing Contract Pass-Through
Certificates, Series 1993A 15
PrimeFirst Adjustable Rate Mortgage Pass-Through
Certificates, Series 1993B 20
PrimeFirst Adjustable Rate Mortgage Pass-Through
Certificates, Series 1993C 12
Mortgage Pass-Through Certificates, Series 1993D 8
Mortgage Pass-Through Certificates, Series 1993E 16
Mortgage Pass-Through Certificates, Series 1993F 18
Manufactured Housing Contract Pass-Through
Certificates, Series 1993G 34
Mortgage Pass-Through Certificates, Series 1993H 5
Mortgage Pass-Through Certificates, Series 1993I 29
Mortgage Pass-Through Certificates, Series 1994A 19
Mortgage Pass-Through Certificates, Series 1994B 2
Mortgage Pass-Through Certificates, Series 1994C 6
Mortgage Pass-Through Certificates, Series 1994D 4
Mortgage Pass-Through Certificates, Series 1994E 26
Mortgage Pass-Through Certificates, Series 1994F 19
Mortgage Pass-Through Certificates, Series 1994G 27
Mortgage Pass-Through Certificates, Series 1994H 26
Mortgage Pass-Through Certificates, Series 1994I 10
<CAPTION>
Commercial Pass-Through Certificates
-------------------------------------------
<S> <C>
Mortgage Pass-Through Certificates, Series 1994-C1 19
Mortgage Pass-Through Certificates, Series 1994-M1 21
Mortgage Pass-Through Certificates, Series 1995-C1 22
Mortgage Pass-Through Certificates, Series 1995-C2 99
Mortgage Pass-Through Certificates, Series 1995-C3 59
</TABLE>
(c) Not Applicable.
ITEM 6. SELECTED FINANCIAL DATA
Not Applicable.
ITEM 7. MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS
Not Applicable
<PAGE>
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Not Applicable
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE
None
PART III
ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
Not Applicable
ITEM 11. EXECUTIVE COMPENSATION
Not Applicable
ITEM 12 SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT (for each Series for which a form 15 has
not been filed)
<TABLE>
<CAPTION>
Original Face
Amount of % of
Certificates Certificates
------------- ------------
Name and Address of Holder ($ million)
MANUFACTURED HOUSING CONTRACT PASS-THROUGH
CERTIFICATES, SERIES 1993A (ALL C/O DTC)
------------------------------------------
<S> <C> <C>
Bank of New York 8 10%
Bankers Trust Company 5 6%
Chemical Bank 8 10%
Citibank 7 9%
First Union National Bank 5 5%
Fleet Bank 7 9%
SSB Custodian 33 40%
Chase Manhattan Bank & Trust Co 5 6%
<CAPTION>
PRIMEFIRST ADJUSTABLE RATE MORTGAGE PASS-THROUGH
CERTIFICATES, SERIES 1993B (All c/o DTC)
------------------------------------------------
<S> <C> <C>
Chemical Bank 28 10%
First National Bank of Boston 17 6%
Morgan Guaranty Trust Co. 154 55%
<PAGE>
<CAPTION>
Original Face
Amount of % of
Certificates Certificates
------------- ------------
PRIMEFIRST ADJUSTABLE RATE MORTGAGE PASS-THROUGH
CERTIFICATES, SERIES 1993C (All c/o DTC)
------------------------------------------------
<S> <C> <C>
First Trust National Association 17 6%
Chemical Bank 20 8%
First National Bank of Boston 18 7%
Morgan Guaranty Trust Co. 107 40%
Bank of New York 48 18%
<CAPTION>
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1993D
(All c/o DTC)
------------------------------------------------
<S> <C> <C>
Chemical Bank 18 8%
Bankers Trust Company 142 61%
Deutsche Morgan Grenfell/
CJ Lawrence Inc. 64 28%
<CAPTION>
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1993E
(All c/o DTC)
------------------------------------------------
<S> <C> <C>
Boston Safe Deposit & Trust Co. 10 5%
Chemical Bank 25 13%
Citibank 16 8%
Morgan Guaranty Trust Co. 29 15%
SSB Custodian 10 5%
Bank of New York 56 29%
Bankers Trust Company 15 7%
<CAPTION>
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1993F
(All c/o DTC)
------------------------------------------------
<S> <C> <C>
First Trust National Association 19 7%
Bankers Trust Company 49 19%
Boston Safe Deposits & Trust Co. 76 28%
Chemical Bank 40 15%
First National Bank of Boston 14 5%
Merrill Lynch Safekeeping 32 12%
<PAGE>
<CAPTION>
Original Face
Amount of % of
Certificates Certificates
------------ ------------
MANUFACTURED HOUSING CONTRACT PASS-THROUGH
CERTIFICATES, SERIES 1993G (All c/o DTC)
------------------------------------------
<S> <C> <C>
Bankers Trust Company 10 6%
Bank of New York 21 13%
Chemical Bank 16 10%
First National Bank of Boston 1 9%
SSB Custodian 15 10%
SSB Bank Portfolio Capital Markets 31 19%
Mellon Bank, N.A. 15 9%
<CAPTION>
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1993H
(All c/o DTC)
------------------------------------------------
<S> <C> <C>
Bankers Trust Company 17 9%
Chemical Bank 114 60%
Bank of New York 60 32%
<CAPTION>
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1993I
(All c/o DTC)
------------------------------------------------
<S> <C> <C>
Morgan Guaranty Trust Co. 15 7%
Chemical Bank 18 8%
Harris Trust & Savings Bank 22 10%
First National Bank of Boston 15 7%
Merrill Lynch Safekeeping 12 6%
Chase Manhattan Bank & Trust Co. 20 9%
Yasuda Bank & Trust Co. (USA) 18 9%
Bank of New York 15 7%
<CAPTION>
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1994A
(All c/o DTC)
-------------------------------------------------
<S> <C> <C>
Boston Safe Deposit & Trust Co. 120 36%
Chemical Bank 42 13%
Merrill Lynch - Debt Securities 31 9%
Bankers Trust Company 76 22%
First National Bank of Boston 20 6%
Bank of New York 20 7%
<CAPTION>
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1994B
(All c/o DTC)
------------------------------------------------
<S> <C> <C>
Bankers Trust Company 104 51%
Bank of New York 100 49%
<PAGE>
<CAPTION>
Original Face
Amount of % of
Certificates Certificates
------------- ------------
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1994C
(All c/o DTC)
------------------------------------------------
<S> <C> <C>
Bankers Trust Company 87 36%
Harris Trust & Savings Bank 36 15%
Morgan Guaranty Trust Co. 112 47%
<CAPTION>
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1994D
(All c/o DTC)
------------------------------------------------
<S> <C> <C>
Harris Trust & Savings Bank 50 22%
Bankers Trust Company 112 48%
Chemical Bank 64 28%
<CAPTION>
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1994E
(All c/o DTC)
------------------------------------------------
<S> <C> <C>
Bankers Trust Company 40 32%
Chemical Bank 28 22%
Merrill Lynch Safekeeping 10 8%
Boston Safe Deposit & Trust Co. 6 5%
Bank of New York 12 10%
<CAPTION>
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1994F
(All c/o DTC)
------------------------------------------------
<S> <C> <C>
Bank of New York 47 14%
Bankers Trust Company 145 42%
Boston Safe Deposit & Trust Co. 18 5%
Chemical Bank 27 8%
Harris Trust & Savings Bank 28 8%
<PAGE>
<CAPTION>
Original Face
Amount of % of
Certificates Certificates
------------- ------ -----
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1994G
(All c/o DTC)
------------------------------------------------
<S> <C> <C>
Bankers Trust Company 24 15%
First National Bank of Boston 27 17%
Harris Trust & Savings Bank 29 18%
SSB Custodian 15 9%
First Fidelity Bank, N.A. N.J. 27 17%
Norwest Bank Minnesota Nat'l Assoc 14 9%
<CAPTION>
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1994H
(All c/o DTC)
------------------------------------------------
<S> <C> <C>
Bankers Trust Company 112 46%
Merrill Lynch Safekeeping 20 8%
Chemical Bank 43 18%
Firstar Trust Company 18 7%
Merrill Lynch - Debt Securities 15 6%
<CAPTION>
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1994I
(All c/o DTC)
------------------------------------------------
<S> <C> <C>
Goldman Sachs Trust Company 7 7%
Bankers Trust Company 60 55%
Goldman Sachs & Co. 10 9%
SSB Custodian 21 19%
<CAPTION>
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES
1994C-1 (All c/o DTC)
-----------------------------------------------------
<S> <C> <C>
Bankers Trust Company 48 13%
Chemical Bank 31 8%
First National Bank of Boston 20 5%
Morgan Guaranty Trust Co. 30 8%
Firstar Trust Company 202 53%
<CAPTION>
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES
1994M-1 (All c/o DTC)
-----------------------------------------------------
<S> <C> <C>
Bankers Trust Company 85 33%
Boston Safe Deposit & Trust Co. 25 10%
Morgan Guaranty Trust Co. 24 9%
Bank of New York 37 14%
Investor Fiduciary Trust Comp/SSB 30 12%
<PAGE>
<CAPTION>
Original Face
Amount of % of
Certificates Certificates
------------- ------------
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES
1995-C1 (All c/o DTC)
----------------------------------------------------
<S> <C> <C>
Bank of New York 157 45%
Chase Manhattan Bank, N.A. 31 9%
Chemical Bank 25 7%
SSB Custodian 45 13%
Merrill Lynch Safekeeping 21 6%
<CAPTION>
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES
1995-C2 (All c/o DTC)
----------------------------------------------------
<S> <C> <C>
Bankers Trust Company 124 7%
Bank of New York 531 29%
SSB Custodian 97 5%
Bank of New York 481 27%
Boston Safe Deposit & Trust Co. 167 9%
<CAPTION>
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES
1995-C3 (All c/o DTC)
----------------------------------------------------
<S> <C> <C>
Chase Manhattan Bank, N.A. 82 7%
SSB Custodian 95 7%
Deutsche Morgan Grenfell/
CJ Lawrence Inc. 553 50%
</TABLE>
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
(a) Not Applicable
PART IV
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND
REPORTS ON FORM 8-K
(a) Commercial Pass-Through Certificates - Annual
Statements of Compliance: Reports of each Series
of Certificates, for which a Form 15 has not
been filed, prepared by the Master Servicers'
independent public accountants, will be filed
with the Current Reports on Form 8-K in the
earliest month possible.
(b) Reports on Form 8-K related to the Series of
Certificates were filed on November 21, 1995,
November 29, 1995, December 1, 1995,
December 14, 1995, and January 25, 1996.
(c) Not Applicable
(d) Not Applicable
<PAGE>
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.
MERRILL LYNCH MORTGAGE INVESTORS, INC.
By: /s/ Richard M. Fuscone
Name: Richard M. Fuscone
Title: President and Chairman of the Board
Dated: March 27, 1996
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.
By: /s/ John C. Qua
Name John C. Qua
Title: Treasurer and Director
Dated: March 27, 1996
By: /s/ Michael M. McGovern
Name: Michael M. McGovern
Title: Secretary and Director
Dated: March 27, 1996
<PAGE>
EXHIBIT INDEX
EXHIBIT 27 FINANCIAL DATA SCHEDULE
EXHIBIT 99.1 SERVICER'S CERTIFICATION
EXHIBIT 99.2 SERVICER'S CERTIFICATION
EXHIBIT 99.3 SERVICER'S CERTIFICATION
EXHIBIT 99.3 SERVICER'S CERTIFICATION
EXHIBIT 99.4 SERVICER'S CERTIFICATION
EXHIBIT 99.5 SERVICER'S CERTIFICATION
<TABLE> <S> <C>
<ARTICLE> BD
<CIK> 0000809940
<NAME> MERRILL LYNCH MORTGAGE INVESTORS,INC.
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-29-1995
<PERIOD-END> DEC-29-1995
<CASH> 10000
<RECEIVABLES> 15088528
<SECURITIES-RESALE> 0
<SECURITIES-BORROWED> 0
<INSTRUMENTS-OWNED> 0
<PP&E> 0
<TOTAL-ASSETS> 15098528
<SHORT-TERM> 0
<PAYABLES> 0
<REPOS-SOLD> 0
<SECURITIES-LOANED> 0
<INSTRUMENTS-SOLD> 0
<LONG-TERM> 0
0
0
<COMMON> 10000
<OTHER-SE> 15088528
<TOTAL-LIABILITY-AND-EQUITY> 15098528
<TRADING-REVENUE> 0
<INTEREST-DIVIDENDS> 0
<COMMISSIONS> 0
<INVESTMENT-BANKING-REVENUES> 0
<FEE-REVENUE> 0
<INTEREST-EXPENSE> 0
<COMPENSATION> 0
<INCOME-PRETAX> 0
<INCOME-PRE-EXTRAORDINARY> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 0
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
</TABLE>
FLEET Real Estate Capital
March 19, 1996
Mr. Edward J. Welch
Vice President
Merrill Lynch Mortgage CapitaL Inc.
World Financial Center, North Tower
250 Vessey Street
New York, NY 10281
Dear Edward:
Pursuant to Section 3.13 of the Interim Servicing Agreement among Merrill
Lynch Mortgage Capital, Inc. (Owner) and Fleet Real Estate CapitaL Inc.
(the Servicer), Fleet Real Estate Capital, Inc. certifies to Merrill Lynch
Mortgage Capital, Inc. that:
(a) a review of the activities of Fleet Real Estate Capital during the
preceding ralendar year and of its performance under the Agreement
has been made under my super-Vision, and
(b) to the best of my knowledge, based on such review, Fleet Real Estate
Capital has fulfilled all of its obligations under the Agreement
throughout such year.
Sincerely,
Sharon M. Fuller
Sharon M. Fuller
Senior Vice President
cc: Jo Tarbox
Fleet Reai Estate Capital, Inc.
Mail Stop: MA BO R11F, 245 Summer Street, Boston, MA 02209-9173 617-573-5OO8
/Fax 617-573-2380
AMRESCO
March 14, 1996
Mr. Dan Pace
Merrill Lynch Mortgage Investors, Inc.
World Financial Center, North Tower
250 Vesey Street, 17th Floor
New York, NY 10281-1317
Mr. A. Hinton
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
Boston, MA 02110
RE: Officer's Certification - MLMI 1994 M-1
Dear Mr. Pace and Mr. Hinton:
In accordance with the terms of the Pooling and Servicing Agreement, dated
as of April 1, 1994, with Merrill Lynch Mortgage Investors, Inc., as
Depositor, among others, the undersigned, as Vice President of AMRESCO
Management, Inc., formerly known as BEI Management, Inc. (the "Company"),
hereby certified that (i) a review of the activities of the Company during
the preceding calendar year and performance under the Agreement has been
made under my supervision, and (ii) to the best of my knowledge based on
such review, the Company has fulfilled all of its obligations under the
Agreement in all material respects for the year ended December 31, 1995.
Sincerely,
AMRESCO Management, Inc.
Laurence W. Nixon
Laurence W. Nixon
Vice President
LN/cc
AMRESC0, INC .
1845 Woodall Rodgers Freeway, Suite 1400 - Dallas, Texas 75201 214-953-7700
MELLON MORTGAGE COMPANY Mortgage Banking Group
Mellon Mortgage Company
1422 Euclid Avenue, Suite 900
Cleveland, OH 44115-2092
(216) 696-5432
March 19, 1996
Mr. Dan Pace
Merrill Lynch Mortgage Investors, Inc.
World Financial Center - North Tower
250 Vesey Street - 17th Floor
New York, New York 10281-1317
RE: Officer's Certification - MLMI 1994 M-1
Dear Mr. Pace:
In accordance with the terms of the servicing agreements with Merrill Lynch
Mortgage Investors, Inc., the undersigned, as Vice President of Mellon
Mortgage Company, (the "Company"), hereby certifies that (i) a review of
the activities of the Company during the preceding calendar year and
performance under these agreements has been made under my supervision, and
(ii) to the best of my knowledge based on such review, the Company has
fulfilled all of its obligations under the agreements for the year ended
December 31, 1995. Further, to the best of my knowledge, there has not
been a default by the Company in the performance of its duties.
Sincerely,
Mellon Mortgage Company
Thomas R. McGuire
Thomas R. McGuire
Vice President
TRW/rja
certify.mer
MELLON MORTGAGE COMPANY Mortgage Banking Group
Mellon Mortgage Company
1422 Euclid Avenue, Suite 900
Cleveland, OH 44115-2092
(216) 696-5432
March 19, 1996
Mr. Dan Pace
Merrill Lynch Mortgage Investors, Inc.
World Financial Center - North Tower
250 Vesey Street - 17th Floor
New York, New York 10281-1317
RE: Officer's Certification - MNLMI 1995 C-1
Dear Mr. Pace:
In accordance with the terms of the servicing agreements with Merrill Lynch
Mortgage Investors, Inc., the undersigned, as Vice President of Mellon
Mortgage Company, (the "Company"), hereby certifies that (i) a review of
the activities of the Company during the preceding calendar year and
performance under these agreements has been made under my supervision, and
(ii) to the best of my knowledge based on such review, the Company has
fulfilled all of its obligations under the agreements for the year ended
December 31, 1995. Further, to the best of my knowledge, there has not
been a default by the Company in the performance of its duties.
Sincerely,
Mellon Mortgage Company
Thomas R. McGuire
Thomas R. McGuire
Vice President
TRM/rja
certifyC.mer
MELLON MORTGAGE COMPANY Mortgage Banking Group
Mellon Mortgage Company
1422 Euclid Avenue, Suite 900
Cleveland, OH 44115-2092
(216) 696-5432
March 19, 1996
Mr. Dan Pace
Merrill Lynch Mortgage Investors, Inc.
World Financial Center - North Tower
250 Vesey Street - 17th Floor
New York, New York 10281-1317
RE: Officer's Certification - MNLMI 1995 C-2
Dear Mr. Pace:
In accordance with the terms of the servicing agreements with Merrill Lynch
Mortgage Investors, Inc., the undersigned, as Vice President of Mellon
Mortgage Company, (the "Company"), hereby certifies that (i) a review of
the activities of the Company during the preceding calendar year and
performance under these agreements has been made under my supervision, and
(ii) to the best of my knowledge based on such review, the Company has
fulfilled all of its obligations under the agreements for the year ended
December 31, 1995. Further, to the best of my knowledge, there has not
been a default by the Company in the performance of its duties.
Sincerely,
Mellon Mortgage Company
Thomas R. McGuire
Thomas R. McGuire
Vice President
TRM/rja
certifyC.mer
