8-K 1 mlm03wm2.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-WM2 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) 54-6540606 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 October 27, 2003 a distribution was made to holders of MERRILL LYNCH MORTGAGE INVESTORS, INC., Mortgage Loan Asset-Backed Certificates, Series 2003-WM2 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 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-WM2 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-WM2 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-WM2 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.~~51000~~52000% 0.00 0.00 0.00 A1 589929L97 SEN 1.~~51000~~52000% ~~277~~268,~~140~~483,~~904~~232.2469 ~~360~~362,~~360~~750.1668 89,~~657~~342,~~671~~144.5579 A2 589929M21 SEN 1.~~45000~~46000% ~~287~~279,~~409~~240,~~403~~452.2228 ~~358~~362,~~862~~392.5705 810,~~168~~953,~~950~~821.9421 M1 589929M39 SUB 1.~~96000~~97000% 54,878,000.00 9296,~~621~~097.8748 0.00 M2 589929M47 SUB 3.~~01000~~02000% 39,737,000.00 ~~102~~106,~~996~~671.1077 0.00 B1 589929M54 SUB 3.~~96000~~97000% 18,923,000.00 6466,~~527~~777.4316 0.00 B2 589929M62 SUB 4.~~11000~~12000% 11,353,000.00 4041,~~180~~577.1621 0.00 N 589929Q76 SUB 8.50000% 3633,~~920~~643,~~098~~186.4554 ~~270~~254,~~234~~192.6196 3,~~276~~367,~~911~~019.9165 X 589929Q84 SUB 0.00000% 18,922,432.90 0.00 0.00 Totals ~~745~~725,~~283~~180,~~838~~304.8141 1,~~289~~290,~~782~~459.9031 2023,~~103~~662,~~534~~985.4065

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 ~~268~~259,~~483~~141,~~232~~087.6990 9,~~018~~704,~~031~~895.7147 0.00 A2 0.00 ~~279~~268,~~240~~286,~~452~~631.2807 811,~~527~~316,~~813~~213.5126 0.00 M1 0.00 54,878,000.00 9296,~~621~~097.8748 0.00 M2 0.00 39,737,000.00 ~~102~~106,~~996~~671.1077 0.00 B1 0.00 18,923,000.00 6466,~~527~~777.4316 0.00 B2 0.00 11,353,000.00 4041,~~180~~577.1621 0.00 N 0.00 3330,~~643~~276,~~186~~166.5489 3,~~547~~621,~~146~~212.5261 0.00 X 0.00 18,922,432.90 0.00 0.00 Totals 0.00 ~~725~~701,~~180~~517,~~304~~318.4176 2124,~~393~~953,~~317~~444.3096 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 ~~277~~268,~~140~~483,~~904~~232.2469 0.00 89,~~657~~342,~~671~~144.5579 0.00 0.00 A2 313,083,000.00 ~~287~~279,~~409~~240,~~403~~452.2228 0.00 810,~~168~~953,~~950~~821.9421 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 3633,~~920~~643,~~098~~186.4554 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 ~~745~~725,~~283~~180,~~838~~304.8141 0.00 1620,~~826~~295,~~622~~966.4900 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 89,~~657~~342,~~671~~144.5579 ~~268~~259,~~483~~141,~~232~~087.6990 0.~~89494411~~86380363 89,~~657~~342,~~671~~144.5579 A2 810,~~168~~953,~~950~~821.9421 ~~279~~268,~~240~~286,~~452~~631.2807 0.~~89190551~~85691855 810,~~168~~953,~~950~~821.9421 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,~~276~~367,~~911~~019.9165 3330,~~643~~276,~~186~~166.5489 0.~~62884461~~56590966 3,~~276~~367,~~911~~019.9165 X 0.00 18,922,432.90 0.99995862 0.00 Totals 2023,~~103~~662,~~534~~985.4065 ~~725~~701,~~180~~517,~~304~~318.4176 0.~~89484539~~86564615 2023,~~103~~662,~~534~~985.4065

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 ~~923~~894.~~80301413~~94410897 0.00000000 2831.~~85890517~~14048263 0.00000000 A2 313,083,000.00 ~~917~~891.~~99747422~~90550838 0.00000000 2634.~~09196584~~98695621 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 ~~690~~628.~~09529813~~84460822 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 2831.~~85890517~~14048263 ~~894~~863.~~94410897~~80362633 0.~~89494411~~86380363 2831.~~85890517~~14048263 A2 0.00000000 2634.~~09196584~~98695621 ~~891~~856.~~90550838~~91855217 0.~~89190551~~85691855 2634.~~09196584~~98695621 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 6162.~~25068991~~93494673 ~~628~~565.~~84460822~~90966150 0.~~62884461~~56590966 6162.~~25068991~~93494673 X 0.00000000 0.00000000 999.95861697 0.99995862 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.~~51000~~52000% 0.00 0.00 0.00 0.00 A1 300,000,000.00 1.~~51000~~52000% ~~277~~268,~~140~~483,~~904~~232.2469 ~~360~~362,~~360~~750.1668 0.00 0.00 A2 313,083,000.00 1.~~45000~~46000% ~~287~~279,~~409~~240,~~403~~452.2228 ~~358~~362,~~862~~392.5705 0.00 0.00 M1 54,878,000.00 1.~~96000~~97000% 54,878,000.00 9296,~~621~~097.8748 0.00 0.00 M2 39,737,000.00 3.~~01000~~02000% 39,737,000.00 ~~102~~106,~~996~~671.1077 0.00 0.00 B1 18,923,000.00 3.~~96000~~97000% 18,923,000.00 6466,~~527~~777.4316 0.00 0.00 B2 11,353,000.00 4.~~11000~~12000% 11,353,000.00 4041,~~180~~577.1621 0.00 0.00 N 53,500,000.00 8.50000% 3633,~~920~~643,~~098~~186.4554 ~~270~~254,~~234~~192.6196 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,~~289~~290,~~782~~459.9031 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 ~~360~~362,~~360~~750.1668 0.00 ~~268~~259,~~483~~141,~~232~~087.6990 A2 0.00 0.00 ~~358~~362,~~862~~392.5705 0.00 ~~279~~268,~~240~~286,~~452~~631.2807 M1 0.00 0.00 9296,~~621~~097.8748 0.00 54,878,000.00 M2 0.00 0.00 ~~102~~106,~~996~~671.1077 0.00 39,737,000.00 B1 0.00 0.00 6466,~~527~~777.4316 0.00 18,923,000.00 B2 0.00 0.00 4041,~~180~~577.1621 0.00 11,353,000.00 N 0.00 0.00 ~~270~~254,~~234~~192.6196 0.00 3330,~~643~~276,~~186~~166.5489 X 0.00 0.00 0.00 0.00 18,922,432.90 Totals 0.00 0.00 1,~~289~~290,~~782~~459.9031 0.00 (4) 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 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.~~51000~~52000% 0.00000000 0.00000000 0.00000000 0.00000000 A1 300,000,000.00 1.~~51000~~52000% ~~923~~894.~~80301413~~94410897 1.~~20120053~~20916893 0.00000000 0.00000000 A2 313,083,000.00 1.~~45000~~46000% ~~917~~891.~~99747422~~90550838 1.~~14622183~~15749514 0.00000000 0.00000000 M1 54,878,000.00 1.~~96000~~97000% 1000.00000000 1.~~68777780~~75111119 0.00000000 0.00000000 M2 39,737,000.00 3.~~01000~~02000% 1000.00000000 2.~~59194454~~68444447 0.00000000 0.00000000 B1 18,923,000.00 3.~~96000~~97000% 1000.00000000 3.~~41000000~~52888865 0.00000000 0.00000000 B2 11,353,000.00 4.~~11000~~12000% 1000.00000000 3.~~53916674~~66222232 0.00000000 0.00000000 N 53,500,000.00 8.50000% ~~690~~628.~~09529813~~84460822 54.~~05111421~~75127028 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.~~20120053~~20916893 0.00000000 ~~894~~863.~~94410897~~80362633 A2 0.00000000 0.00000000 1.~~14622183~~15749514 0.00000000 ~~891~~856.~~90550838~~91855217 M1 0.00000000 0.00000000 1.~~68777780~~75111119 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~59194454~~68444447 0.00000000 1000.00000000 B1 0.00000000 0.00000000 3.~~41000000~~52888865 0.00000000 1000.00000000 B2 0.00000000 0.00000000 3.~~53916674~~66222232 0.00000000 1000.00000000 N 0.00000000 0.00000000 54.~~05111421~~75127028 0.00000000 ~~628~~565.~~84460822~~90966150 X 0.00000000 0.00000000 0.00000000 0.00000000 999.95861697 (6) 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.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 2124,~~369~~729,~~712~~930.2622 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~217~~247,~~241~~178.8281 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties ~~277~~480,~~629~~695.0018 Total Deposits 2125,~~864~~457,~~583~~804.0821 Withdrawals Reimbursement for Servicer Advances ~~176~~217,~~863~~241.0582 Payment of Service Fee ~~294~~287,~~402~~117.7343 Payment of Interest and Principal 2124,~~393~~953,~~317~~444.3096 Total Withdrawals (Pool Distribution Amount) 2125,~~864~~457,~~583~~804.0821 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~294~~287,~~402~~117.7343 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~294~~287,~~402~~117.7343

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 8791 3 0 0 9094 1113,~~568~~177,~~925~~493.5770 506,~~594~~279.6992 0.00 0.00 1213,~~075~~683,~~520~~773.2662 60 Days 4930 1 0 0 5031 83,~~309~~937,~~105~~210.0651 3298,~~902~~485.5645 0.00 0.00 84,~~342~~035,~~007~~695.6296 90 Days 1025 42 716 0 2143 13,~~071~~129,~~578~~615.9737 ~~675~~160,~~503~~170.3138 14,~~887~~200,~~284~~834.0516 0.00 37,~~634~~490,~~366~~619.3391 120 Days 710 2 118 0 20 ~~611~~819,~~921~~036.4537 ~~130~~494,~~549~~751.2909 21,~~090~~947,~~161~~519.7256 0.00 23,~~832~~261,~~632~~307.4602 150 Days 76 02 611 0 1319 ~~584~~391,~~469~~098.9640 0130,511.0039 12,~~282~~307,~~649~~657.2040 0.00 12,~~867~~829,~~119~~267.1619 180+ Days 7 2 06 1 0 315 ~~288~~779,~~700~~038.6628 0565,675.0032 ~~524~~1,~~916~~280,517.3240 0.00 ~~813~~2,~~616~~625,231.9800 Totals ~~162~~169 1012 2541 0 ~~197~~222 22,~~434~~233,~~701~~492.6763 1,~~345~~955,~~549~~873.8555 59,~~785~~736,~~011~~528.2952 0.00 2933,~~565~~925,~~262~~894.8170 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 2.~~025140~~172356% 0.~~069832~~071616% 0.000000% 0.000000% 2.~~094972~~243972% 1.~~672929~~963153% 0.~~073256~~075424% 0.000000% 0.000000% 12.~~746185~~038578% 60 Days 10.~~140596~~716161% 0.~~023277~~023872% 0.000000% 0.000000% 10.~~163873~~740033% 10.~~201541~~586557% 0.~~004758~~014672% 0.000000% 0.000000% 10.~~206299~~601229% 90 Days 0.~~232775~~596801% 0.~~093110~~047744% 0.~~162942~~381953% 0.000000% 01.~~488827~~026498% 0.~~154956~~466243% 0.~~097681~~023862% 0.~~272911~~625831% 0.000000% 01.~~525549~~115936% 120 Days 0.~~162942~~238720% 0.~~046555~~047744% 0.~~256052~~190976% 0.000000% 0.~~465549~~477441% 0.~~088487~~122018% 0.~~018878~~073707% 0.~~302249~~290137% 0.000000% 0.~~409614~~485862% 150 Days 0.~~162942~~143232% 0.~~000000~~047744% 0.~~139665~~262593% 0.000000% 0.~~302607~~453569% 0.~~084518~~058265% 0.~~000000~~019443% 0.~~185478~~343790% 0.000000% 0.~~269996~~421498% 180+ Days 0.~~046555~~167104% 0.~~000000~~047744% 0.~~023277~~143232% 0.000000% 0.~~069832~~358081% 0.~~041748~~116059% 0.~~000000~~084273% 0.~~075906~~190769% 0.000000% 0.~~117653~~391101% Totals 34.~~770950~~034376% 0.~~232775~~286465% 0.~~581937~~978754% 0.000000% 45.~~585661~~299594% 3.~~244179~~312296% 0.~~194574~~291382% 01.~~836544~~450526% 0.000000% 45.~~275297~~054204%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~217~~247,~~241~~178.8281

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~764602~~746051% Weighted Average Net Coupon 7.~~265870~~247826% Weighted Average Pass-Through Rate 7.~~265870~~247826% Weighted Average Maturity(Stepdown Calculation ) 1 Beginning Scheduled Collateral Loan Count 4,~~392~~296 Number Of Loans Paid In Full 96107 Ending Scheduled Collateral Loan Count 4,~~296~~189 Beginning Scheduled Collateral Balance ~~708~~691,~~363~~537,~~740~~117.3687 Ending Scheduled Collateral Balance ~~691~~671,~~537~~241,~~117~~151.87 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2003 ~~691~~671,~~537~~241,~~117~~151.87 Monthly P &I Constant 5,~~164~~040,~~262~~659.8828 Special Servicing Fee 0.00 Prepayment Penalties ~~277~~480,~~629~~695.0018 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~691~~671,~~537~~241,~~117~~151.87 Scheduled Principal ~~563~~552,~~405~~795.9298 Unscheduled Principal 1619,~~263~~743,~~216~~170.5702 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 18,922,432.90 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 3,~~547~~621,~~146~~212.5262

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.~~319169~~316127 7.~~525885~~524661 8.~~269003~~274948 Weighted Average Net Rate 8.~~827587~~816127 7.~~025885~~024661 7.~~772248~~774947 Weighted Average Maturity (67) (67) (67) Beginning Loan Count ~~1,015~~995 1,~~448~~413 ~~598~~579 Loans Paid In Full 2022 35 1912 Ending Loan Count ~~995~~973 1,~~413~~378 ~~579~~567 Beginning Scheduled Balance 7977,~~189~~561,~~221~~072.4540 ~~268~~261,~~325~~295,~~255~~733.9949 7168,~~467~~887,~~646~~578.6192 Ending scheduled Balance 7775,~~561~~338,~~072~~159.4044 ~~261~~254,~~295~~176,~~733~~501.4966 6867,~~887~~240,~~578~~702.9238 Record Date 0809/3130/2003 0809/3130/2003 0809/3130/2003 Principal And Interest Constant ~~669~~655,~~373~~771.0897 1,~~896~~847,~~028~~603.3146 ~~557~~536,~~628~~729.5826 Scheduled Principal 5453,~~391~~631.6630 ~~213~~209,~~207~~135.4628 6561,~~156~~695.7701 Unscheduled Principal 12,~~573~~169,~~757~~281.3966 6,~~816~~910,~~315~~096.0455 21,~~514~~585,~~910~~181.9253 Scheduled Interest ~~614~~602,~~981~~140.4267 1,~~682~~638,~~820~~468.8518 ~~492~~475,~~471~~034.8125 Servicing Fees 32,~~439~~317.9710 ~~111~~108,~~802~~873.1721 2928,~~584~~703.9117 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 ~~582~~569,~~541~~823.4557 1,~~571~~529,~~018~~594.6897 ~~462~~446,~~886~~331.9008 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.~~827587~~816127 7.~~025885~~024661 7.~~772248~~774948

Group Level Collateral Statement Group Group B Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.~~508077~~493723 7.~~764602~~746051 Weighted Average Net Rate 76.~~008077~~993723 7.~~265870~~247826 Weighted Average Maturity (67) 1 Beginning Loan Count 1,~~331~~309 4,~~392~~296 Loans Paid In Full 2238 96107 Ending Loan Count 1,~~309~~271 4,~~296~~189 Beginning Scheduled Balance ~~289~~283,~~381~~792,~~616~~733.3106 ~~708~~691,~~363~~537,~~740~~117.3687 Ending scheduled Balance ~~283~~274,~~792~~485,~~733~~788.0639 ~~691~~671,~~537~~241,~~117~~151.87 Record Date 0809/3130/2003 0809/3130/2003 Principal And Interest Constant 2,~~041~~000,~~232~~554.9159 5,~~164~~040,~~262~~659.8828 Scheduled Principal ~~230~~228,~~650~~334.0339 ~~563~~552,~~405~~795.9298 Unscheduled Principal 59,~~358~~078,~~233~~610.2228 1619,~~263~~743,~~216~~170.5702 Scheduled Interest 1,~~810~~772,~~582~~220.8820 4,~~600~~487,~~856~~863.9630 Servicing Fees ~~120~~118,~~575~~246.6896 ~~294~~288,~~402~~140.7344 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,~~690~~653,~~007~~973.2024 4,~~306~~199,~~454~~722.2386 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 76.~~008077~~993723 7.~~265870~~247826

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