<PAGE> 1
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) June 17, 1996
Mortgage Loan Asset Backed Pass-Through Certificates Trust 1996A
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(Name of Trust issuing Mortgage Loan Asset Backed
Pass-Through Certificates, Series 1996A, Class A-1)
MLCC Mortgage Investors, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 33-84894 59-3247986
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(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
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(Address of Principal Executive
Offices and Zip Code)
Registrant's telephone number, including area code (904) 928-6000
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<PAGE> 2
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.
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<CAPTION>
Exhibit No. Description
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<S> <C>
19.1 Servicing Certificate and
Statement to Certificateholders for
Mortgage Loan Asset Backed Pass-Through
Certificates, Series 1996A, for the
June 17, 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 Company,
and Bankers Trust Company of California,
N.A., as Trustee, dated as of
February 1, 1996.
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<PAGE> 3
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
-----------------------------
Name: Steven T. Hardy
Title: Vice President and
Controller
Dated: 6/17/96
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3
<PAGE> 4
Exhibit Index
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<CAPTION>
Exhibit No. Page
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<S> <C> <C>
19.1 Servicing Certificate and Statement to
Certificateholders for Mortgage Loan
Asset Backed Pass-Through Certificates
Series 1996A 5
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4
<PAGE> 1
<TABLE>
<CAPTION>
********************* SERVICING CERTIFICATE ************************ Page 5
<S> <C>
MLCC Mortgage Investors, Inc.
Senior/Subordinate Mortgage Pass-Through
Certificates, Series 1996A Current Collection Period: 01-May-96 to 31-May-96
P & S Agreement Date: 01-Feb-96
<CAPTION>
Pass-through rates current Distribution: Current
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<S> <C> <C>
Class A Certificates, Series 1996A LIBOR + 0.43% 5.86750%
Original Closing Date: 15-May-96
Distribution Date: 17-Jun-96
Days in Accrual Period 33
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<TABLE>
<CAPTION>
Weighted Average Mortgage Rate (WAC) (RIGHT ARROW) 7.28274%
LIBOR 5.43750% Weighted Average Net Mtge Rate (Alternate Rate) (RIGHT ARROW) 6.90274%
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<S> <C> <C> <C>
1 Beginning Pool Principal Balance 339,802,601.95
2 Beginning Pool Balance Factor 97.762251%
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3 Beginning Class A Principal Balance 336,506,700.44
4 Beginning Overcollateralization Amount 3,295,901.51
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 ) 4,336,612.25
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
16 i Total Principal Available For Distribution
(6+7+8+9+10+11+12+13+14-15) 4,336,612.25
ii Loss on Liquidated Mortgage Loans 0.00
17 Aggregate of all Interest Payments Received (P&S 5.08ii ) 2,088,532.28
18 Current Servicing Fee (P&S 5.08ii ) 54,108.61
19 Monthly Interest Advance (Recovery) based on delinquent accounts (P&S 6.02vii ) (26,287.05)
20 Current Servicer Interest Advance (Recovery) (P&S 6.02vii ) (26,287.05)
21 Total Interest Available For Distribution (17-18+20) 2,008,136.62
22 Total Funds Available For Distribution (16i+22) 6,344,748.87
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23 Class A Formula Principal Distribution Amount (lines 16i + 16ii
+28iii of preceding dist) 4,336,612.25
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24 Class A Distribution Amount -- interest (25iv ) + principal (27iii ) (P&S 6.02i ) 6,308,293.98
25 i. Class A Current Interest 1,809,915.31
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) 1,809,915.31
iv. Class A Distribution Allocable to Interest (min of: lines 22 and 25iii) 1,809,915.31
26 i. 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
greater than 0: min of 25ii and 25iv) 0.00
iii. Class A Interest Shortfall (lines 25iii - 25iv) 0.00
27 i. Class A Principal Distribution Amount (min of: line 23 +28i and
principal needed after oc trigger) 4,336,612.25
ii Accelerated Principal Distribution Amount
(min of: lines 5 - 4 and 22 - 25iv - 27i - 29i - 31ii) 161,766.42
iii. Total Class A Distribution Allocable to Principal (27i + 27ii) 4,498,378.67
28 i. 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
greater than 0: min of 27i and 28i) 0.00
iii. Class A Principal Shortfall (lines 28i + 28ii) 0.00
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29 i Total Amount to Certificate Insurer 36,454.89
ii. Monthly Insurance Amount (P&S 6.02vi ) 36,454.89
iii. Reimbursement Amount 0.00
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30 i. Cumulative Master Servicer Advanced Interest (P&S 6.02v ) 1,121,440.63
ii. Cumulative Master Servicer Advanced Principal 0.00
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31 i. 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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32 i. Available Excess Interest 161,766.42
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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33 i. Ending Pool Principal Balance (P&S 6.02vii) 335,465,989.70
ii. Ending Pool Balance Factor 96.514594%
34 Ending Class A Principal Balance 332,008,321.77
35 Ending Overcollateralization Amount 3,457,667.93
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<TABLE>
<CAPTION>
******************** STATEMENT TO CERTIFICATEHOLDERS ******************** Page 6
<S> <C>
MLCC Mortgage Investors, Inc.
Senior/Subordinate Mortgage
Pass-Through Certificates, Series 1996A Current Collection Period: 01-May-96 to 31-May-96
Pass-through rates current Distribution: LIBOR= 5.4375% Current
Class A Certificates, Series 1996A LIBOR + 0.43% 5.86750% ---------------
Original Closing Date: 15-May-96
Distribution Date: 17-Jun-96
</TABLE>
<TABLE>
<CAPTION>
Weighted Average Net Mtge Rate (Alternate R 6.90274%
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<S> <C>
1 i. Class A Distribution Amount 0.000018
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
2 i. Class A Principal Distribution Amount 0.000013
ii Accelerated Principal Distribution Amount 0.000000
iii Total Class A Distribution Allocable to Principa 0.000013
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3 Ending Pool Principal Balance 335,465,989.70
4 Ending Pool Balance Factor 96.514594%
5 Ending Class A Principal Balance 332,008,321.77
6 Ending Overcollateralization Amount 3,457,667.93
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9 i. Current Master Servicer Advanced (Recovered) Interest (26,287.05)
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 ) 1,121,440.63
viii. Amount of Delinquencies of Mortgage Loans 54,014.33
ix Class A Alternate Rate for next Distribution Date: 0.00000%
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10 i Number of Mortgage Loans 30 to 59 Days Delinquent 2
ii Aggregate Principal Balances of Mortgage Loans 30 to 59 Days Delinquent 2,825,000.00
11 i Number of Mortgage Loans 60 to 89 Days Delinquent 0
ii Aggregate Principal Balances of Mortgage Loans 60 to 89 Days Delinquent 0.00
12 i Number of Mortgage Loans 90 or More Days Delinquent 1
ii Aggregate Principal Balances of Mortgage Loans 90 or More Days Delinquent 2,000,000.00
13 i 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
14 i Amount of Delinquent Principal of Mortgage Loans 0.00
ii Amount of Delinquent Interest of Mortgage Loans 54,014.33
15 i Cumulative Losses 0.00
ii Do Cumulative Losses Exceed 1% of Original Principal Balance N
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16
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