8-K 1 mlm03wm2.txt JUNE 8-K UNITED STATES 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 25, 2003 MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Loan Asset-Backed Certificates, Series 2003-WMC2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-101760-04 54-2105550 Pooling and Servicing Agreement) (Commission 54-2105551 (State or other File Number) 54-6450606 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, Maryland 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On June 25, 2003 a distribution was made to holders of MERRILL LYNCH MORTGAGE INVESTORS, INC., Mortgage Loan Asset-Backed Certificates, Series 2003-WMC2 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2003-WM2 Trust, relating to the June 25, 2003 distribution. 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 hereunto duly authorized. MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Loan Asset-Backed Certificates, Series 2003-WMC2 Trust By: Wells Fargo Bank Minnesota, N.A., as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 7/1/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2003-WMC2 Trust, relating to the June 25, 2003 distribution.

Merrill Lynch Mortgage Loans, Inc. Mortgage Loan Asset-Backed Certificates Record Date: 45/3031/03 Distribution Date: 56/2725/03 MLM Series: 2003-~~WM2~~WMC2 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution R 589929Q68 SEN 1.72000% 0.00 0.00 0.00 A1 589929L97 SEN 1.72000% ~~299~~295,~~013~~317,~~728~~913.4809 ~~457~~409,~~158~~179.7737 34,~~695~~808,~~815~~337.3987 A2 589929M21 SEN 1.66000% ~~310~~308,~~982~~817,~~571~~025.2630 ~~458~~412,~~872~~956.0698 27,~~165~~443,~~545~~294.9653 M1 589929M39 SUB 2.17000% 54,878,000.00 ~~105~~95,~~853~~929.5679 0.00 M2 589929M47 SUB 3.22000% 39,737,000.00 ~~113~~103,~~736~~073.1236 0.00 B1 589929M54 SUB 4.17000% 18,923,000.00 7063,~~141~~565.2551 0.00 B2 589929M62 SUB 4.32000% 11,353,000.00 4339,~~595~~508.5244 0.00 N 589929Q76 SUB 8.50000% 4946,~~967~~940,~~281~~528.0172 ~~377~~321,~~530~~412.5722 3,~~026~~226,~~752~~866.2914 X 589929Q84 SUB 0.00000% 18,922,432.90 0.00 0.00 Totals ~~803~~794,~~777~~888,~~013~~900.6501 1,~~626~~445,~~887~~625.8567 815,~~888~~478,~~113~~498.6454

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses R 0.00 0.00 0.00 0.00 A1 0.00 ~~295~~290,~~317~~509,~~913~~575.0922 45,~~152~~217,~~974~~517.1624 0.00 A2 0.00 ~~308~~301,~~817~~373,~~025~~730.3077 27,~~624~~856,~~418~~251.0251 0.00 M1 0.00 54,878,000.00 ~~105~~95,~~853~~929.5679 0.00 M2 0.00 39,737,000.00 ~~113~~103,~~736~~073.1236 0.00 B1 0.00 18,923,000.00 7063,~~141~~565.2551 0.00 B2 0.00 11,353,000.00 4339,~~595~~508.5244 0.00 N 0.00 4643,~~940~~713,~~528~~662.7257 3,~~404~~548,~~282~~278.8636 0.00 X 0.00 18,922,432.9098 0.00 0.00 Totals 0.00 ~~794~~779,~~888~~410,~~900~~401.0154 1016,~~515~~924,~~001~~124.4921 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) R 100.00 0.00 0.00 0.00 0.00 0.00 A1 300,000,000.00 ~~299~~295,~~013~~317,~~728~~913.4809 0.00 34,~~695~~808,~~815~~337.3987 0.00 0.00 A2 313,083,000.00 ~~310~~308,~~982~~817,~~571~~025.2630 0.00 27,~~165~~443,~~545~~294.9653 0.00 0.00 M1 54,878,000.00 54,878,000.00 0.00 0.00 0.00 0.00 M2 39,737,000.00 39,737,000.00 0.00 0.00 0.00 0.00 B1 18,923,000.00 18,923,000.00 0.00 0.00 0.00 0.00 B2 11,353,000.00 11,353,000.00 0.00 0.00 0.00 0.00 N 53,500,000.00 4946,~~967~~940,~~281~~528.0172 0.00 0.00 0.00 0.00 X 18,923,216.00 18,922,432.90 0.00 0.00 0.00 0.00 Totals 810,397,316.00 ~~803~~794,~~777~~888,~~013~~900.6501 0.00 512,~~861~~251,~~361~~632.3540 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution R 0.00 0.00 0.00000000 0.00 A1 34,~~695~~808,~~815~~337.3987 ~~295~~290,~~317~~509,~~913~~575.0922 0.~~98439304~~96836525 34,~~695~~808,~~815~~337.3987 A2 27,~~165~~443,~~545~~294.9653 ~~308~~301,~~817~~373,~~025~~730.3077 0.~~98637430~~96260011 27,~~165~~443,~~545~~294.9653 M1 0.00 54,878,000.00 1.00000000 0.00 M2 0.00 39,737,000.00 1.00000000 0.00 B1 0.00 18,923,000.00 1.00000000 0.00 B2 0.00 11,353,000.00 1.00000000 0.00 N 3,~~026~~226,~~752~~866.2914 4643,~~940~~713,~~528~~662.7257 0.~~87739306~~81707781 3,~~026~~226,~~752~~866.2914 X 0.00 18,922,432.9098 0.99995862 0.00 Totals 815,~~888~~478,~~113~~498.6454 ~~794~~779,~~888~~410,~~900~~401.0154 0.~~98086319~~96176331 815,~~888~~478,~~113~~498.6454

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 A1 300,000,000.00 ~~996~~984.~~71242827~~39304363 0.00000000 1216.~~31938463~~02779290 0.00000000 A2 313,083,000.00 ~~993~~986.~~29114407~~37430106 0.00000000 623.~~91684301~~77418937 0.00000000 M1 54,878,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 39,737,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 18,923,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 11,353,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 N 53,500,000.00 ~~933~~877.~~96786935~~39306019 0.00000000 0.00000000 0.00000000 X 18,923,216.00 999.95861697 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 0.00000000 1216.~~31938463~~02779290 ~~984~~968.~~39304363~~36525073 0.~~98439304~~96836525 1216.~~31938463~~02779290 A2 0.00000000 623.~~91684301~~77418937 ~~986~~962.~~37430106~~60011170 0.~~98637430~~96260011 623.~~91684301~~77418937 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 N 0.00000000 5660.~~57480916~~31525495 ~~877~~817.~~39306019~~07780505 0.~~87739306~~81707781 5660.~~57480916~~31525495 X 0.00000000 0.00000000 999.~~95861697~~95862120 0.99995862 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall R 100.00 1.72000% 0.00 0.00 0.00 0.00 A1 300,000,000.00 1.72000% ~~299~~295,~~013~~317,~~728~~913.4809 ~~457~~409,~~158~~179.7738 0.00 0.00 A2 313,083,000.00 1.66000% ~~310~~308,~~982~~817,~~571~~025.2630 ~~458~~412,~~872~~956.0699 0.00 0.00 M1 54,878,000.00 2.17000% 54,878,000.00 ~~105~~95,~~853~~929.5679 0.00 0.00 M2 39,737,000.00 3.22000% 39,737,000.00 ~~113~~103,~~736~~073.1236 0.00 0.00 B1 18,923,000.00 4.17000% 18,923,000.00 7063,~~141~~565.2551 0.00 0.00 B2 11,353,000.00 4.32000% 11,353,000.00 4339,~~595~~508.5244 0.00 0.00 N 53,500,000.00 8.50000% 4946,~~967~~940,~~281~~528.0172 ~~377~~321,~~530~~412.5723 0.00 0.00 X 18,923,216.00 0.00000% 18,922,432.90 0.00 0.00 0.00 Totals 810,397,316.00 1,~~626~~445,~~887~~625.8570 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance R 0.00 0.00 0.00 0.00 0.00 A1 0.00 0.00 ~~457~~409,~~158~~179.7737 0.00 ~~295~~290,~~317~~509,~~913~~575.0922 A2 0.00 0.00 ~~458~~412,~~872~~956.0698 0.00 ~~308~~301,~~817~~373,~~025~~730.3077 M1 0.00 0.00 ~~105~~95,~~853~~929.5679 0.00 54,878,000.00 M2 0.00 0.00 ~~113~~103,~~736~~073.1236 0.00 39,737,000.00 B1 0.00 0.00 7063,~~141~~565.2551 0.00 18,923,000.00 B2 0.00 0.00 4339,~~595~~508.5244 0.00 11,353,000.00 N 0.00 0.00 ~~377~~321,~~530~~412.5722 0.00 4643,~~940~~713,~~528~~662.7257 X 0.00 0.00 0.00 0.00 18,922,432.9098 Totals 0.00 0.00 1,~~626~~445,~~887~~625.8567 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall R 100.00 1.72000% 0.00000000 0.00000000 0.00000000 0.00000000 A1 300,000,000.00 1.72000% ~~996~~984.~~71242827~~39304363 1.~~52386257~~36393127 0.00000000 0.00000000 A2 313,083,000.00 1.66000% ~~993~~986.~~29114407~~37430106 1.~~46565626~~31900164 0.00000000 0.00000000 M1 54,878,000.00 2.17000% 1000.00000000 1.~~92888881~~74805550 0.00000000 0.00000000 M2 39,737,000.00 3.22000% 1000.00000000 2.~~86222211~~59388882 0.00000000 0.00000000 B1 18,923,000.00 4.17000% 1000.00000000 3.~~70666649~~35916662 0.00000000 0.00000000 B2 11,353,000.00 4.32000% 1000.00000000 3.~~84000000~~48000000 0.00000000 0.00000000 N 53,500,000.00 8.50000% ~~933~~877.~~96786935~~39306019 76.~~05664617~~00770523 0.00000000 0.00000000 X 18,923,216.00 0.00000% 999.95861697 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 0.00000000 0.00000000 1.~~52386257~~36393123 0.00000000 ~~984~~968.~~39304363~~36525073 A2 0.00000000 0.00000000 1.~~46565626~~31900161 0.00000000 ~~986~~962.~~37430106~~60011170 M1 0.00000000 0.00000000 1.~~92888881~~74805550 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~86222211~~59388882 0.00000000 1000.00000000 B1 0.00000000 0.00000000 3.~~70666649~~35916662 0.00000000 1000.00000000 B2 0.00000000 0.00000000 3.~~84000000~~48000000 0.00000000 1000.00000000 N 0.00000000 0.00000000 76.~~05664617~~00770505 0.00000000 ~~877~~817.~~39306019~~07780505 X 0.00000000 0.00000000 0.00000000 0.00000000 999.~~95861697~~95862120 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1017,~~686~~103,~~057~~447.8994 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 7992,~~488~~707.3850 Realized ~~Losses~~Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 63119,~~541~~102.8133 Total Deposits 1017,~~829~~315,~~088~~257.0877 Withdrawals Reimbursement for Servicer Advances 079,488.0038 Payment of Service Fee ~~314~~311,~~087~~645.3918 Payment of Interest and Principal 1016,~~515~~924,~~001~~124.4921 Total Withdrawals (Pool Distribution Amount) 1017,~~829~~315,~~088~~257.8877 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~314~~311,~~087~~645.3918 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~314~~311,~~087~~645.3918

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 5652 12 0 0 5754 87,~~217~~822,~~439~~958.8578 52318,~~870~~275.2212 0.00 0.00 8,~~270~~141,~~310~~233.0790 60 Days 1320 01 03 0 1324 21,~~459~~875,~~264~~585.8341 0203,163.0022 0812,216.0074 0.00 2,~~459~~890,~~264~~965.8337 90 Days 05 0 01 0 06 01,205,056.0006 0.00 0171,089.0052 0.00 01,376,145.0058 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 6977 13 04 0 7084 10,~~676~~903,~~704~~600.6825 52521,~~870~~438.2234 0983,306.0026 0.00 1012,~~729~~408,~~574~~344.9085 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~219247~~145374% 0.~~021772~~044053% 0.000000% 0.000000% 1.~~241019~~189427% 1.~~098664~~063340% 0.~~007069~~043262% 0.000000% 0.000000% 1.~~105733~~106602% 60 Days 0.~~283039~~440529% 0.~~000000~~022026% 0.~~000000~~066079% 0.000000% 0.~~283039~~528634% 0.~~328801~~254940% 0.~~000000~~027615% 0.~~000000~~110401% 0.000000% 0.~~328801~~392956% 90 Days 0.~~000000~~110132% 0.000000% 0.~~000000~~022026% 0.000000% 0.~~000000~~132159% 0.~~000000~~163798% 0.000000% 0.~~000000~~023255% 0.000000% 0.~~000000~~187053% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.~~502286~~696035% 0.~~021772~~066079% 0.~~000000~~088106% 0.000000% 1.~~524058~~850220% 1.~~427465~~482078% 0.~~007069~~070877% 0.~~000000~~133656% 0.000000% 1.~~434534~~686611%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 7992,~~488~~707.3850

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~807040~~805407% Weighted Average Net Coupon 7.~~308436~~305407% Weighted Average Pass-Through Rate 7.~~307040~~305407% Weighted Average Maturity(Stepdown Calculation ) 1 Beginning Scheduled Collateral Loan Count 4,~~624~~593 Number Of Loans Paid In Full 3153 Ending Scheduled Collateral Loan Count 4,~~593~~540 Beginning Scheduled Collateral Balance ~~753~~747,~~809~~948,~~732~~371.6429 Ending Scheduled Collateral Balance ~~747~~735,~~948~~696,~~371~~738.2997 Ending Actual Collateral Balance at 3031-~~Apr~~May-2003 ~~747~~735,~~948~~696,~~371~~738.2997 Monthly P &I Constant 5,~~486~~447,~~185~~230.9013 Special Servicing Fee 0.00 Prepayment Penalties 63119,~~541~~102.8133 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~747~~735,~~948~~696,~~371~~738.2997 Scheduled Principal 581,~~123~~320.5748 Unscheduled Principal 511,~~280~~670,~~237~~311.7892 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 18,922,432.90 Overcollateralized Amount 18,922,432.9098 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 3,~~404~~548,~~282~~278.8637

Group Level Collateral Statement Group Group A Group A Group B Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 9.~~357094~~349985 7.~~534510~~533597 8.~~270996~~268788 Weighted Average Net Rate 8.~~857094~~849985 7.~~034510~~033597 7.~~770996~~768788 Pass-Through Rate 8.849985 7.033597 7.768788 Weighted Average Maturity (23) (23) (23) Beginning Loan Count 1,~~067~~061 1,~~528~~513 ~~616~~613 Loans Paid In Full 610 15 3 Ending Loan Count 1,~~061~~051 1,~~513~~498 ~~613~~610 Beginning Scheduled Balance 83,~~746~~203,~~406~~669.9098 ~~285~~282,~~640~~487,~~894~~816.7730 74,~~430~~200,~~400~~743.3228 Ending scheduled Balance 8382,~~203~~053,~~669~~891.9839 ~~282~~278,~~487~~829,~~816~~257.3006 7473,~~200~~348,~~743~~285.2803 Record Date 0405/3031/2003 0405/3031/2003 0405/3031/2003 Principal And Interest Constant ~~709~~704,~~375~~986.9788 21,~~013~~992,~~294~~535.7794 ~~578~~577,~~773~~400.1701 Scheduled Principal 56,~~356~~692.7967 219,~~824~~078.6121 6566,~~761~~108.8714 Unscheduled Principal ~~486~~1,~~380~~093,085.1394 23,~~933~~439,~~253~~481.8605 ~~163~~786,~~895~~350.1710 Scheduled Interest ~~653~~648,~~019~~294.1821 1,~~793~~773,~~470~~457.1673 ~~513~~511,~~011~~291.3087 Servicing Fees 34,~~894~~668.3420 ~~119~~117,~~017~~703.0325 3130,~~012~~917.6600 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest ~~618~~613,~~124~~626.8401 1,~~674~~655,~~453~~754.1348 ~~481~~480,~~998~~374.6487 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 ~~Pass-Through Rate 8.857094 7.034510 7.770996~~

Group Level Collateral Statement Group Group B Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.~~531400~~529274 7.~~807040~~805407 Weighted Average Net Rate 7.~~031400~~029274 7.~~308436~~305407 Pass-Through Rate 7.029274 7.305407 Weighted Average Maturity (23) 1 Beginning Loan Count 1,~~413~~406 4,~~624~~593 Loans Paid In Full 725 3153 Ending Loan Count 1,~~406~~381 4,~~593~~540 Beginning Scheduled Balance ~~309~~308,~~992~~056,~~030~~141.6573 ~~753~~747,~~809~~948,~~732~~371.6429 Ending scheduled Balance ~~308~~301,~~056~~465,~~141~~305.7349 ~~747~~735,~~948~~696,~~371~~738.2997 Record Date 0405/3031/2003 0405/3031/2003 Principal And Interest Constant 2,~~184~~172,~~741~~307.9930 5,~~486~~447,~~185~~230.9013 Scheduled Principal 239,~~180~~441.3046 581,~~123~~320.5748 Unscheduled Principal 16,~~696~~351,~~708~~394.6283 511,~~280~~670,~~237~~311.7892 Scheduled Interest 1,~~945~~932,~~561~~865.6984 4,~~905~~865,~~062~~909.3365 Servicing Fees ~~129~~128,~~163~~356.3673 ~~314~~311,~~087~~645.3918 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 1,~~816~~804,~~398~~509.3311 4,~~590~~554,~~974~~264.9447 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 ~~Pass-Through Rate 7.031400 7.307040~~

Filing Compare · MERRILL LYNCH MORT INVEST INC MORT LN AS BA CERT SE 03 WMC2