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This document contains 6 pages. The
Exhibit Index is located on page 4.
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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 (Date of earliest Event
Reported) August 15, 1996
Mortgage Loan Asset Backed Pass-Through Certificates Trust 1996A
(Name of Trust issuing Mortgage Loan Asset Backed
Pass-Through Certificates, Series 1996A, Class A)
MLCC Mortgage Investors, Inc.
(Exact name of registrant as specified in its charter)
Delaware 33-84894 59-3247986
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
MLCC Mortgage Investors, Inc.
4802 Deer Lake Drive East
Jacksonville, Florida 32246-6484
Attention: General Counsel
(Address of Principal Executive
Offices and Zip Code)
Registrant's telephone number, including area code (904) 928-6000
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Item 7. Financial Statements and Exhibits.
(c) Exhibits.
The following is filed herewith. The exhibit number corresponds with
Item 601(b) of Regulation S-K.
Exhibit No. Description
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19.1 Statement to Certificateholders for Mortgage Loan Asset Backed
Pass-Through Certificates, Series 1996A, for the August 15,
1996 distribution pursuant to Section 6.02 of the Pooling and
Servicing Agreement among Merrill Lynch Credit Corporation, as
Master Servicer, MLCC Mortgage Investors, Inc., as seller, and
Bankers Trust Company of California, N.A., as Trustee, dated
as of February 1, 1996.
2
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, Merrill Lynch Credit Corporation, as Master Servicer and on behalf of the
registrant, has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MERRILL LYNCH CREDIT
CORPORATION, as Master
Servicer and on behalf of
MLCC MORTGAGE INVESTORS,
INC.
By: /s/ Steven T. Hardy
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Name: Steven T. Hardy
Title: Vice President and
Controller
Dated: 8/15/96
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Exhibit Index
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Exhibit No. Page
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19.1 Statement to Certificateholders for
Mortgage Loan Asset Backed Pass-Through
Certificates Series 1996A 5
4
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<TABLE>
<CAPTION>
********************************************* SERVICING CERTIFICATE ******************************************** Page 5
MLCC Mortgage Investors, Inc.
Senior/Subordinate Mortgage Pass-Through Certificates, Series 1996A Current Collection Period: 01-July-96 to 31-July-96
P & S Agreement Date: 01-Feb-96
Pass-through rates current Distribution: Current
Class A Certificates, Series 1996A LIBOR + 0.43% 5.93000% Original Closing Date: 15-Jul-96
Distribution Date: 15-Aug-96
Days in Accrual Period 31
Weighted Average Mortgage Rate (WAC) -> 7.30480%
LIBOR 5.50000% Weighted Average Net Mtge Rate (Alternate Rate) -> 6.92480%
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1 Beginning Pool Principal Balance 332,109,314.67
2 Beginning Pool Balance Factor 95.548868%
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3 Beginning Class A Principal Balance 328,238,237.54
4 Beginning Overcollateralization Amount 3,871,077.13
5 Required Overcollateralization Amount 6,951,611.68
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6 Aggregate of all Principal Payments Received (P&S 5.08i ) 0.00
7 Aggregate of all Principal Prepayments Received (P&S 5.08i ) 3,173,026.08
8 Aggregate of any Net Liquidation Proceeds Received (P&S 5.08iii ) 0.00
9 Aggregate of any Insurance Proceeds Received (P&S 5.08iv ) 0.00
10 Aggregate of any Awards or Settlements From Condemnation Proceedings (P&S 5.08v ) 0.00
11 Aggregate of any Proceeds From Repurchased Mortgage Loans (P&S 5.08vi ) 0.00
12 Aggregate of any Revenues From Fidelity Bond or Mortgage Interest Insurance Policy (P&S 5.08vii ) 0.00
13 Aggregate of any Revenues From Foreclosure or Deed Net of any Advances (P&S 5.08viii) 0.00
14 Current Principal Advances (P&S 6.03 ) 0.00
15 Current Servicer Principal Reimbursements (P&S 5.09ii ) 0.00
16i Total Principal Available For Distribution (6+7+8+9+10+11+12+13+14-15) 3,173,026.08
ii Loss on Liquidated Mortgage Loans 0.00
17 Aggregate of all Interest Payments Received (P&S 5.08ii ) 2,662,261.94
18 Current Servicing Fee (P&S 5.08ii ) 54,929.34
19 Monthly Interest Advance (Recovery) based on delinquent accounts (P&S 6.02vii ) (640,600.47)
20 Current Servicer Interest Advance (Recovery) (P&S 6.02vii ) (640,600.47)
21 Total Interest Available For Distribution (17-18+20) 1,966,732.13
22 Total Funds Available For Distribution (16i+22) 5,139,758.21
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23 Class A Formula Principal Distribution Amount (lines 16i + 16ii +28iii of preceding dist) 3,173,026.08
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24 Class A Distribution Amount -- interest (25iv ) + principal (27iii ) (P&S 6.02i ) 5,104,199.07
25i. Class A Current Interest 1,676,112.09
ii. Class A Unpaid Interest Shortfall (Class A Interest Shortfall from Preceding Distribution Date) 0.00
iii.Class A Interest Formula Distribution Amount (25i + 25ii) 1,676,112.09
iv. Class A Distribution Allocable to Interest (min of: lines 22 and 25iii) 1,676,112.09
26i. Class A Unpaid Interest Shortfall (Class A Interest Shortfall from Preceding Distribution Date) 0.00
ii. Class A Unpaid Interest Shortfall Included in 25iv (when 26i >0: min of 25ii and 25iv) 0.00
iii.Class A Interest Shortfall (lines 25iii - 25iv) 0.00
27i. Class A Principal Distribution Amount (min of: line 23 +28i and principal needed after oc trigger) 3,173,026.08
ii Accelerated Principal Distribution Amount (min of: lines 5 - 4 and 22 - 25iv - 27i - 29i - 31ii) 255,060.90
iii Total Class A Distribution Allocable to Principal (27i + 27ii) 3,428,086.98
28i. Class A Unpaid Principal Shortfall (Class A Principal Shortfall from Preceding Distribution Date) 0.00
ii. Class A Unpaid Principal Shortfall included in 27i (when 28i >0: min of 27i and 28i) 0.00
iii.Class A Principal Shortfall (lines 28i + 28ii) 0.00
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29i Total Amount to Certificate Insurer 35,559.14
ii. Monthly Insurance Amount (P&S 6.02vi ) 35,559.14
iii.Reimbursement Amount 0.00
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30i. Cumulative Master Servicer Advanced Interest (P&S 6.02v ) 1,082,934.53
ii. Cumulative Master Servicer Advanced Principal 0.00
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31i. Beginning Reserve Fund Balance (P&S 6.06 ) 250,000.00
ii. Current Reserve Fund Deposit 0.00
iii Current Reserve Fund Advances 0.00
iv. Ending Reserve Fund Balance 250,000.00
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32i. Available Excess Interest 255,060.90
ii. Distribution Account Shortfall (P&S 6.02xvi) 0.00
iii Class R Distribution Amount For Such Distribution Date 0.00
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33i. Ending Pool Principal Balance (P&S 6.02vii) 328,936,288.59
ii. Ending Pool Balance Factor 94.635979%
34 Ending Class A Principal Balance 324,810,150.56
35 Ending Overcollateralization Amount 4,126,138.03
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<TABLE>
<CAPTION>
******************************************* STATEMENT TO CERTIFICATEHOLDERS ********************************* Page 6
MLCC Mortgage Investors, Inc.
Senior/Subordinate Mortgage Pass-Through Certificates, Series 1996A Current Collection Period: 01-July-96 to 31-July-96
Pass-through rates current Distribution: LIBOR= 5.5000% Current
Class A Certificates, Series 1996A LIBOR + 0.43% 5.93000% Original Closing Date: 15-Jul-96
Distribution Date: 15-Aug-96
Weighted Average Net Mtge Rate (Alternate Rate) -> 6.92480%
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<S> <C>
1i. Class A Distribution Amount 0.000015
i. Class A Current Interest 0.000005
ii. Class A Unpaid Interest Shortfall 0.000000
iii.Class A Interest Formula Distribution Amount 0.000005
iv. Class A Distribution Allocable to Interest 0.000005
2i. Class A Principal Distribution Amount 0.000009
ii Accelerated Principal Distribution Amount 0.000001
iii Total Class A Distribution Allocable to Principa 0.000010
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3 Ending Pool Principal Balance 328,936,288.59
4 Ending Pool Balance Factor 94.635979%
5 Ending Class A Principal Balance 324,810,150.56
6 Ending Overcollateralization Amount 4,126,138.03
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9i. Current Master Servicer Advanced (Recovered) Interest (640,600.47)
ii. Current Master Servicer Advanced (Recovered) Principal 0.00
iii.Current Trustee Advanced Interest 0.00
iv Current Trustee Advanced Principal 0.00
vi Amount of Servicing Advances Paid by Master Servicer (P&S 6.02 x ) 1,082,934.53
viiiAmount of Delinquencies of Mortgage Loans 115,586.27
ix Class A Alternate Rate for next Distribution Date: 0.00000%
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10i Number of Mortgage Loans 30 to 59 Days Delinquent 6
ii Aggregate Principal Balances of Mortgage Loans 30 to 59 Days Delinquent 807,630.56
11i Number of Mortgage Loans 60 to 89 Days Delinquent 0
ii Aggregate Principal Balances of Mortgage Loans 60 to 89 Days Delinquent 0.00
12i Number of Mortgage Loans 90 or More Days Delinquent 2
ii Aggregate Principal Balances of Mortgage Loans 90 or More Days Delinquent 4,700,000.00
13i Number of Mortgage Loans in Foreclosure 0
ii Aggregate Principal Balances of Mortgage Loans in Foreclosure 0.00
Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed 0.00
14i Amount of Delinquent Principal of Mortgage Loans 0.00
ii Amount of Delinquent Interest of Mortgage Loans 115,586.27
15i Cumulative Losses 0.00
ii Do Cumulative Losses Exceed 1% of Original Principal Balance N
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