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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: October 27, 1998
(Date of earliest event reported)
Merrill Lynch Mortgage Investors, Inc.
(Exact name of registrant as specified in its charter)
Delaware 333-39127 33-3416059
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(State or Other Juris- (Commission (I.R.S. Employer
diction of Incorporation) File Number) Identification No.)
250 Vesey Street, World Financial Center, North Tower, New York, New York 10281
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(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code:(212) 449-1000
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Item 5. Other Events.
On October 29, 1998, the Registrant will cause the issuance
and sale of approximately $85,208,000 initial principal amount of
Golden National Mortgage Loan Asset Backed Certificates, Series
1998-GN3, Class A, Class M-1, Class M-2, Class B, Class C, Class R-I,
Class R-II and Class R-III (the "Certificates") pursuant to a pooling
and servicing agreement to be dated as of October 1, 1998, among the
Registrant, Golden National Mortgage Banking Corp., as Initial Master
Servicer, Litton Loan Servicing LP, as Subsequent Master Servicer, and
The Chase Manhattan Bank, as Trustee.
In connection with the sale of the Series 1998-GN3, Class A
Certificates (the "Underwritten Certificates") to Merrill Lynch
Mortgage Investors, Inc. (the "Underwriter") the Registrant has been
advised by the Underwriter that the Underwriter has furnished to
prospective investors certain yield tables and other computational
materials (the "Computational Materials") with respect to the
Underwritten Certificates following the effective date of Registration
Statement No.333-39127, which Computational Materials are being filed
manually as exhibits to this report.
The Computational Materials have been provided by the
Underwriter. The information in the Computational Materials is
preliminary and may be superseded by the Prospectus Supplement relating
to the Certificates and by any other information subsequently filed
with the Securities and Exchange Commission.
The Computational Materials consist of the first 12 pages (the
"Computational Materials") that appear after the Form SE cover sheet
and the page headed "NOTICE". The Underwriter has advised the
Registrant that certain information in the Computational Materials may
have been based on assumptions that differed from the final pool
information.
The Computational Materials were prepared by the Underwriter
at the request of certain prospective investors, based on assumptions
provided by, and satisfying the special requirements of, such
prospective investors. The Computational Materials may be based on
assumptions that differ from the assumptions set forth in the
Prospectus Supplement. The Computational Materials may not include, and
do not purport to include, information based on assumptions
representing a complete set of possible scenarios. Accordingly, the
Computational Materials may not be relevant to or appropriate for
investors other than those specifically requesting them.
In addition, the actual characteristics and performance of the
mortgage loans underlying the Underwritten Certificates (the "Mortgage
Loans") may differ from the assumptions used in the Computational
Materials, which are hypothetical in nature and
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which were provided to certain investors only to give a general
sense of how the yield, average life, duration, expected maturity,
interest rate sensitivity and cash flow characteristics of a
particular class of Underwritten Certificates might vary under varying
prepayment and other scenarios. Any difference between such
assumptions and the actual characteristics and performance of the
Mortgage Loans will affect the actual yield, average life, duration,
expected maturity, interest rate sensitivity and cash flow
characteristics of a particular class of Underwritten Certificates.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(a) Financial Statements.
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Not applicable.
(b) Pro Forma Financial Information.
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Not applicable.
(c) Exhibits
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ITEM 601(A) OF
REGULATION S-K
EXHIBIT NO. EXHIBIT NO. DESCRIPTION
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1 99 Computational Materials
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on behalf of the
Registrant by the undersigned thereunto duly authorized.
MERRILL LYNCH MORTGAGE
INVESTORS, INC.
By: /s/ Peter Cerwin
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Name: Peter Cerwin
Title: Authorized Signatory
Dated: October 28, 1998
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EXHIBIT INDEX
ITEM 601(A) OF SEQUENTIALLY
REGULATION S-K NUMBERED
EXHIBIT NO. EXHIBIT NO. DESCRIPTION PAGE
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1 99 Computational Materials Filed Manually
