MERRILL LYNCH MORTGAGE INVESTORS INC
8-K, 1997-12-03
ASSET-BACKED SECURITIES
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                       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: November 25, 1997
(Date of earliest event reported)

MERRILL LYNCH MORTGAGE INVESTORS INC. (as depositor under the Trust Agreement,
dated as of November 1, 1997, and pursuant to which an Indenture was entered
into, providing for, inter alia, the issuance of NovaStar Home-Equity Loan
Asset-Backed Bonds, Series 1997-2)


                     Merrill Lynch Mortgage Investors, Inc.
                     --------------------------------------
             (Exact name of registrant as specified in its charter)


Delaware                            333-24327                 13-3416059
- --------                            ---------                 ----------
(State or Other Juris-             (Commission             (I.R.S. Employer
diction of Incorporation)          File Number)           Identification No.)


250 Vesey Street World Financial Center,
North Tower-10th Floor,
 New York, New York                                                   10281
 ------------------                                                   -----
(Address of Principal Executive Office)                             (Zip Code)


        Registrant's telephone number, including area code:(212) 449-1000


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<PAGE>



Item 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

                  (a)      Not applicable

                  (b)      Not applicable

                  (c)      Exhibits:

                  23.3. Consent of Coopers & Lybrand L.L.P., independent
auditors of the Certificate Insurer with respect to NovaStar Home Equity Loan
Asset-Backed Bonds, Series 1997-2.



<PAGE>





                                   SIGNATURES

                  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 thereunto duly authorized.

                                      MERRILL LYNCH MORTGAGE INVESTORS, INC.

                                             By:  /s/ C.J. DeSantis
                                                  ----------------------
                                             Name:    C.J. DeSantis
                                             Title:   Managing Director




Dated: December 3, 1997






                                  EXHIBIT 23.1

                       CONSENT OF INDEPENDENT ACCOUNTANTS


         We consent to the incorporation by reference in this Prospectus
Supplement of our report dated February 3, 1997, on our audits of the
consolidated financial statements of MBIA Insurance Corporation and Subsidiaries
as of December 31, 1996 and 1995 and for each of the three years in the period
ended December 31, 1996. We also consent to the reference to our firm under the
caption "Experts".


         Coopers & Lybrand L.L.P.

December 3, 1997
New York, New York


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