8-K 1 mlm03wm3.txt OCTOBER 8K 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): October 27, 2003 MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Loan Asset-Backed Certificates, Series 2003-WM3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-103927-07 54-2126338 Pooling and Servicing Agreement) (Commission 54-2126339 (State or other File Number) 54-2126340 jurisdiction 54-6553642 of Incorporation) 54-6553643 54-6553644 IRS EIN 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 October 27, 2003 a distribution was made to holders of MERRILL LYNCH MORTGAGE INVESTORS, INC., Mortgage Loan Asset-Backed Certificates, Series 2003-WM3 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-WM3 Trust, relating to the October 27, 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-WM3 Trust By: Wells Fargo Bank Minnesota, N.A., as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 10/29/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2003-WM3 Trust, relating to the October 27, 2003 distribution. EX-99.1

Merrill Lynch Mortgage ~~Loans~~Investors, Inc. Mortgage Loan Asset-Backed Certificates Record Date: 89/3130/03 Distribution Date: 910/2527/03 MLM Series: 2003-WM3 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 MLM03WM3R RES 1.~~46000~~47000% ~~100~~0.00 0.1100 ~~100~~0.00 A-1 589929Z84 SEN 1.~~46000~~47000% ~~445~~440,~~076~~969,~~000~~334.0072 ~~487~~576,~~358~~199.2293 47,~~106~~940,~~665~~902.2868 A-2 589929Z92 SEN 1.~~47000~~48000% ~~277~~273,~~714~~527,~~000~~297.0053 ~~306~~359,~~179~~840.6935 46,~~186~~853,~~702~~247.4757 M-1 5899292B3 MEZ 1.~~71000~~72000% 23,794,000.00 3036,~~515~~378.8038 0.00 M-2 5899292C1 MEZ 1.~~81000~~82000% 38,609,000.00 5262,~~411~~460.7278 0.00 M-3 5899292D9 MEZ 2.~~76000~~77000% 49,383,000.00 ~~102~~121,~~222~~591.8192 0.00 M-4 5899292E7 MEZ 3.~~11000~~12000% 15,713,000.00 3643,~~650~~577.5739 0.00 B-1 5899292F4 SUB 4.~~11000~~12000% 11,223,000.00 3441,~~594~~101.9012 0.00 B-2 5899292G2 SUB 4.~~11000~~12000% 11,223,000.00 3441,~~594~~101.9012 0.00 B-3 5899292H0 SUB 4.~~11000~~12000% 11,223,000.00 3441,~~594~~101.9012 0.00 C MLM03WM3C OC 0.00000% 13,917,~~390~~070.6500 3,~~831~~529,~~467~~653.9587 0.00 P MLM03WM3P SEN 0.00000% 0.00 77125,~~093~~710.6428 0.00 S 5899292A5 SEN 0.~~49000~~48000% 0.00 ~~324~~373,~~854~~616.6091 0.00 Totals ~~897~~889,~~875~~581,~~490~~702.6525 5,352,~~539~~333.8117 814,~~293~~794,~~467~~150.7525

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses R 0.00 0.00 ~~100~~0.1100 0.00 A-1 0.00 ~~440~~433,~~969~~028,~~334~~432.7204 48,~~594~~517,~~023~~102.5061 0.00 A-2 0.00 ~~273~~266,~~527~~674,~~297~~049.5396 47,~~492~~213,~~882~~087.1692 0.00 M-1 0.00 23,794,000.00 3036,~~515~~378.8038 0.00 M-2 0.00 38,609,000.00 5262,~~411~~460.7278 0.00 M-3 0.00 49,383,000.00 ~~102~~121,~~222~~591.8192 0.00 M-4 0.00 15,713,000.00 3643,~~650~~577.5739 0.00 B-1 0.00 11,223,000.00 3441,~~594~~101.9012 0.00 B-2 0.00 11,223,000.00 3441,~~594~~101.9012 0.00 B-3 0.00 11,223,000.00 3441,~~594~~101.9012 0.00 C 0.00 13,917,070.00 3,~~831~~529,~~467~~653.9587 0.00 P 0.00 0.00 77125,~~093~~710.6428 0.00 S 0.00 0.00 ~~324~~373,~~854~~616.6091 0.00 Totals 0.00 ~~889~~874,~~581~~787,~~702~~552.2500 1320,~~646~~146,~~007~~483.5642 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 ~~100~~0.00 0.00 ~~100~~0.00 0.00 0.00 A-1 445,076,000.00 ~~445~~440,~~076~~969,~~000~~334.0072 0.00 47,~~106~~940,~~665~~902.2868 0.00 0.00 A-2 277,714,000.00 ~~277~~273,~~714~~527,~~000~~297.0053 0.00 46,~~186~~853,~~702~~247.4757 0.00 0.00 M-1 23,794,000.00 23,794,000.00 0.00 0.00 0.00 0.00 M-2 38,609,000.00 38,609,000.00 0.00 0.00 0.00 0.00 M-3 49,383,000.00 49,383,000.00 0.00 0.00 0.00 0.00 M-4 15,713,000.00 15,713,000.00 0.00 0.00 0.00 0.00 B-1 11,223,000.00 11,223,000.00 0.00 0.00 0.00 0.00 B-2 11,223,000.00 11,223,000.00 0.00 0.00 0.00 0.00 B-3 11,223,000.00 11,223,000.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 Totals 883,958,100.00 ~~883~~875,~~958~~664,~~100~~632.0025 0.00 814,~~293~~794,~~467~~150.7525 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 ~~100~~0.00 0.00 0.00000000 ~~100~~0.00 A-1 47,~~106~~940,~~665~~902.2868 ~~440~~433,~~969~~028,~~334~~432.7204 0.~~99077311~~97293144 47,~~106~~940,~~665~~902.2868 A-2 46,~~186~~853,~~702~~247.4757 ~~273~~266,~~527~~674,~~297~~049.5396 0.~~98492441~~96024705 46,~~186~~853,~~702~~247.4757 M-1 0.00 23,794,000.00 1.00000000 0.00 M-2 0.00 38,609,000.00 1.00000000 0.00 M-3 0.00 49,383,000.00 1.00000000 0.00 M-4 0.00 15,713,000.00 1.00000000 0.00 B-1 0.00 11,223,000.00 1.00000000 0.00 B-2 0.00 11,223,000.00 1.00000000 0.00 B-3 0.00 11,223,000.00 1.00000000 0.00 P 0.00 0.00 0.00000000 0.00 Totals 814,~~293~~794,~~467~~150.7525 ~~875~~860,~~664~~870,~~632~~482.2500 0.~~99061780~~97388155 814,~~293~~794,~~467~~150.7525

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 100.00 ~~1000~~0.00000000 0.00000000 ~~1000~~0.00000000 0.00000000 A-1 445,076,000.00 ~~1000~~990.~~00000000~~77311452 0.00000000 917.~~22688548~~84167801 0.00000000 A-2 277,714,000.00 ~~1000~~984.~~00000000~~92440975 0.00000000 1524.~~07559025~~67735717 0.00000000 M-1 23,794,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 38,609,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 49,383,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 15,713,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 11,223,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 11,223,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 11,223,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 13,917,390.65 ~~1000~~999.~~00000000~~97696048 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 S 0.00 0.00000000 0.00000000 0.00000000 0.00000000 All Classes are Per $1000 Denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution R 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 A-1 0.00000000 917.~~22688548~~84167801 ~~990~~972.~~77311452~~93143652 0.~~99077311~~97293144 917.~~22688548~~84167801 A-2 0.00000000 1524.~~07559025~~67735717 ~~984~~960.~~92440975~~24705258 0.~~98492441~~96024705 1524.~~07559025~~67735717 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 999.97696048 0.99997696 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 S 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy, 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.~~46000~~47000% ~~100~~0.00 0.1100 0.00 0.00 A-1 445,076,000.00 1.~~46000~~47000% ~~445~~440,~~076~~969,~~000~~334.0072 ~~487~~576,~~358~~199.2293 0.00 0.00 A-2 277,714,000.00 1.~~47000~~48000% ~~277~~273,~~714~~527,~~000~~297.0053 ~~306~~359,~~179~~840.6936 0.00 0.00 M-1 23,794,000.00 1.~~71000~~72000% 23,794,000.00 3036,~~515~~378.8138 0.00 0.00 M-2 38,609,000.00 1.~~81000~~82000% 38,609,000.00 5262,~~411~~460.7278 0.00 0.00 M-3 49,383,000.00 2.~~76000~~77000% 49,383,000.00 ~~102~~121,~~222~~591.8192 0.00 0.00 M-4 15,713,000.00 3.~~11000~~12000% 15,713,000.00 3643,~~650~~577.5739 0.00 0.00 B-1 11,223,000.00 4.~~11000~~12000% 11,223,000.00 3441,~~594~~101.9012 0.00 0.00 B-2 11,223,000.00 4.~~11000~~12000% 11,223,000.00 3441,~~594~~101.9012 0.00 0.00 B-3 11,223,000.00 4.~~11000~~12000% 11,223,000.00 3441,~~594~~101.9012 0.00 0.00 C 13,917,390.65 0.00000% 13,917,~~390~~070.6500 0.00 0.00 0.00 P 0.00 0.00000% 0.01 0.00 0.00 0.00 S 0.00 0.~~49000~~48000% ~~883~~875,~~958~~664,~~100~~632.0025 ~~324~~373,~~854~~616.6091 0.00 0.00 Totals 897,875,490.65 1,~~443~~696,~~978~~969.2303 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 0.1100 0.00 0.00 A-1 0.00 0.00 ~~487~~576,~~358~~199.2293 0.00 ~~440~~433,~~969~~028,~~334~~432.7204 A-2 0.00 0.00 ~~306~~359,~~179~~840.6935 0.00 ~~273~~266,~~527~~674,~~297~~049.5396 M-1 0.00 0.00 3036,~~515~~378.8038 0.00 23,794,000.00 M-2 0.00 0.00 5262,~~411~~460.7278 0.00 38,609,000.00 M-3 0.00 0.00 ~~102~~121,~~222~~591.8192 0.00 49,383,000.00 M-4 0.00 0.00 3643,~~650~~577.5739 0.00 15,713,000.00 B-1 0.00 0.00 3441,~~594~~101.9012 0.00 11,223,000.00 B-2 0.00 0.00 3441,~~594~~101.9012 0.00 11,223,000.00 B-3 0.00 0.00 3441,~~594~~101.9012 0.00 11,223,000.00 C 0.00 0.00 3,~~831~~529,~~467~~653.9587 0.00 13,917,070.00 P 0.00 0.00 77125,~~093~~710.6428 0.00 0.01 S 0.00 0.00 ~~324~~373,~~854~~616.6091 0.00 ~~875~~860,~~664~~870,~~632~~482.2500 Totals 0.00 0.00 5,352,~~539~~333.8117 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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.~~46000~~47000% ~~1000~~0.00000000 10.~~10000000~~00000000 0.00000000 0.00000000 A-1 445,076,000.00 1.~~46000~~47000% ~~1000~~990.~~00000000~~77311452 1.~~09500000~~29461020 0.00000000 0.00000000 A-2 277,714,000.00 1.~~47000~~48000% ~~1000~~984.~~00000000~~92440975 1.~~10250002~~29572279 0.00000000 0.00000000 M-1 23,794,000.00 1.~~71000~~72000% 1000.00000000 1.~~28250021~~52888880 0.00000000 0.00000000 M-2 38,609,000.00 1.~~81000~~82000% 1000.00000000 1.~~35750006~~61777772 0.00000000 0.00000000 M-3 49,383,000.00 2.~~76000~~77000% 1000.00000000 2.~~07000000~~46222222 0.00000000 0.00000000 M-4 15,713,000.00 3.~~11000~~12000% 1000.00000000 2.~~33249984~~77333355 0.00000000 0.00000000 B-1 11,223,000.00 4.~~11000~~12000% 1000.00000000 3.~~08250022~~66222222 0.00000000 0.00000000 B-2 11,223,000.00 4.~~11000~~12000% 1000.00000000 3.~~08250022~~66222222 0.00000000 0.00000000 B-3 11,223,000.00 4.~~11000~~12000% 1000.00000000 3.~~08250022~~66222222 0.00000000 0.00000000 C 13,917,390.65 0.00000% ~~1000~~999.~~00000000~~97696048 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 S 0.00 0.~~49000~~48000% ~~1000~~990.~~00000000~~61780445 0.~~36750000~~42266360 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 10.~~10000000~~00000000 0.00000000 0.00000000 A-1 0.00000000 0.00000000 1.~~09500000~~29461020 0.00000000 ~~990~~972.~~77311452~~93143652 A-2 0.00000000 0.00000000 1.~~10250002~~29572276 0.00000000 ~~984~~960.~~92440975~~24705258 M-1 0.00000000 0.00000000 1.~~28249979~~52888880 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 1.~~35750006~~61777772 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.~~07000000~~46222222 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 2.~~33249984~~77333355 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 3.~~08250022~~66222222 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.~~08250022~~66222222 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 3.~~08250022~~66222222 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~275~~253.~~30074037~~61462926 0.00000000 999.97696048 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 S 0.00000000 0.00000000 0.~~36750000~~42266360 0.00000000 ~~990~~973.~~61780445~~88154710 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,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 1320,~~952~~382,~~359~~662.9590 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 222,~~266~~398.3369 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 77125,~~093~~710.6428 Total Deposits 1420,~~031~~530,~~719~~771.9287 Withdrawals Reimbursement for Servicer Advances 02,266.0033 Payment of Service Fee ~~385~~382,~~712~~022.3612 Payment of Interest and Principal 1320,~~646~~146,~~007~~483.5642 Total Withdrawals (Pool Distribution Amount) 1420,~~031~~530,~~719~~771.9287 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~374~~370,~~114~~531.8069 Credit Risk Manager Fee 11,~~597~~490.5643 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~385~~382,~~712~~022.3612

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 213 0 0 0 213 ~~147~~2,~~899~~409,882.9226 0.00 0.00 0.00 ~~147~~2,~~899~~409,882.9226 60 Days 23 0 0 0 23 ~~171~~539,~~218~~628.0678 0.00 0.00 0.00 ~~171~~539,~~218~~628.0678 90 Days 01 0 0 0 01 098,000.00 0.00 0.00 0.00 098,000.00 120 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 417 0 0 0 417 ~~319~~3,~~117~~047,511.9804 0.00 0.00 0.00 ~~319~~3,~~117~~047,511.9804 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 0.~~036989~~244040% 0.000000% 0.000000% 0.000000% 0.~~036989~~244040% 0.~~016616~~275302% 0.000000% 0.000000% 0.000000% 0.~~016616~~275302% 60 Days 0.~~036989~~056317% 0.000000% 0.000000% 0.000000% 0.~~036989~~056317% 0.~~019236~~061646% 0.000000% 0.000000% 0.000000% 0.~~019236~~061646% 90 Days 0.~~000000~~018772% 0.000000% 0.000000% 0.000000% 0.~~000000~~018772% 0.~~000000~~011195% 0.000000% 0.000000% 0.000000% 0.~~000000~~011195% 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 0.~~073978~~319129% 0.000000% 0.000000% 0.000000% 0.~~073978~~319129% 0.~~035852~~348143% 0.000000% 0.000000% 0.000000% 0.~~035852~~348143%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 222,~~266~~398.3369

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~565473~~565774% Weighted Average Net Coupon 7.~~065643~~065946% Weighted Average Pass-Through Rate 7.~~050143~~050446% Weighted Average Maturity(Stepdown Calculation ) ~~338~~337 Beginning Scheduled Collateral Loan Count 5,~~435~~407 Number Of Loans Paid In Full 2880 Ending Scheduled Collateral Loan Count 5,~~407~~327 Beginning Scheduled Collateral Balance ~~897~~889,~~875~~581,~~490~~702.6525 Ending Scheduled Collateral Balance ~~889~~874,~~581~~787,~~702~~552.2500 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2003 ~~890~~875,~~085~~360,~~828~~878.6344 Monthly P &I Constant 6,~~373~~314,~~127~~996.9919 Special Servicing Fee 0.00 Prepayment Penalties 77125,~~093~~710.6428 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~889~~874,~~581~~787,~~702~~552.2500 Scheduled Principal ~~712~~706,~~119~~351.5717 Unscheduled Principal 714,~~581~~087,~~668~~799.8308 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount ~~320~~0.6500 Specified O/C Amount 13,917,070.00 Overcollateralized Amount 13,917,070.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount ~~(320~~0.~~65)~~00 Excess Cash Amount 3,~~831~~529,~~467~~653.5387

Miscellaneous Reporting # OF LOANS WITH PREPAYMENT PENALTIES 828 CUMULATIVE PREPAYMENT PENALTIES 77$202,~~093~~803.6492 TRIGGER EVENT NO

Group Level Collateral Statement Group A A B Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 8.~~666593~~662781 7.~~266695~~264498 7.~~523747~~543682 Weighted Average Net Rate 8.~~166593~~162781 6.~~766695~~764498 7.~~023747~~043683 Weighted Average Maturity ~~331~~330 ~~331~~330 ~~351~~350 Beginning Loan Count 1,~~772~~768 2,~~099~~086 ~~433~~430 Loans Paid In Full 425 1325 34 Ending Loan Count 1,~~768~~743 2,~~086~~061 ~~430~~426 Beginning Scheduled Balance 160,~~732~~380,~~995~~675.9333 ~~392~~388,~~156~~401,~~594~~991.5812 6563,~~356~~629,~~550~~034.2511 Ending scheduled Balance ~~160~~157,~~380~~739,~~675~~633.3312 ~~388~~383,~~401~~102,~~991~~130.1265 6362,~~629~~942,~~034~~810.1198 Record Date 0809/3130/2003 0809/3130/2003 0809/3130/2003 Principal And Interest Constant 1,~~277~~273,~~652~~673.0431 2,~~689~~664,~~497~~149.8795 ~~470~~460,~~003~~149.2389 Scheduled Principal ~~116~~115,~~812~~887.4981 ~~314~~312,~~762~~861.7099 60,~~231~~152.4521 Unscheduled Principal ~~235~~2,~~508~~525,154.1140 34,~~439~~986,~~840~~998.7648 1626,~~667,284~~070.6992 Scheduled Interest 1,~~160~~157,~~839~~785.5550 2,~~374~~351,~~735~~287.1796 ~~409~~399,~~771~~997.7868 Servicing Fees 66,~~972~~825.0828 ~~163~~161,~~398~~834.5816 2726,~~231~~512.9008 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 2,~~076~~071.1358 5,~~065~~016.3686 ~~844~~821.1988 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 1,~~091~~088,~~791~~888.3464 2,~~206~~184,~~271~~436.2394 ~~381~~372,~~695~~663.6972 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.~~151093~~147281 6.~~751195~~748998 7.~~008247~~028182

Group Level Collateral Statement Group B Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.~~362583~~358259 7.~~565473~~565774 Weighted Average Net Rate 6.~~862583~~858259 7.~~065643~~065946 Weighted Average Maturity ~~351~~350 ~~338~~337 Beginning Loan Count 1,~~131~~123 5,~~435~~407 Loans Paid In Full 826 2880 Ending Loan Count 1,~~123~~097 5,~~407~~327 Beginning Scheduled Balance ~~279~~277,~~629~~170,~~349~~001.8969 ~~897~~889,~~875~~581,~~490~~702.6525 Ending scheduled Balance ~~277~~271,~~170~~002,~~001~~977.6925 ~~889~~874,~~581~~787,~~702~~552.2500 Record Date 0809/3130/2003 0809/3130/2003 Principal And Interest Constant 1,~~935~~917,~~974~~023.8504 6,~~373~~314,~~127~~996.9919 Scheduled Principal ~~220~~217,~~312~~449.9316 ~~712~~706,~~119~~351.5717 Unscheduled Principal 25,~~239~~949,~~035~~575.2728 714,~~581~~087,~~668~~799.8308 Scheduled Interest 1,~~715~~699,~~661~~573.9288 5,~~661~~608,~~008~~645.4202 Servicing Fees ~~116~~115,~~512~~487.2450 ~~374~~370,~~114~~659.8002 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 3,~~611~~580.8811 11,~~597~~490.5643 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,~~595~~580,~~537~~506.8027 5,~~275~~226,~~296~~495.0657 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 6.~~847083~~842759 7.~~050143~~050446

Filing Compare · MERRILL LYNCH MORT INV INC MORT LN AS BK CERT SE 2003 WMC3