8-K 1 mlm03a03.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 Pass-Through Certificates, Series 2003-A03 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-101760-05 54-2116958 Pooling and Servicing Agreement) (Commission 54-2116959 (State or other File Number) IRS EIN jurisdiction 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 Pass-Through Certificates, Series 2003-A03 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 Pass-Through Certificates, Series 2003-A03 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 Pass-Through Certificates, Series 2003-A03 Trust By: Wells Fargo Bank Minnesota, N.A., as Master Servicer 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 Pass-Through Certificates, Series 2003-A03 Trust, relating to the October 27, 2003 distribution. EX-99.1

Merrill Lynch Mortgage Loans, Inc. Mortgage Pass-Through Certificates Record Date: 89/3130/03 Distribution Date: 910/2527/03 MLM Series: 2003-A03 Contact: CTSLink Customer Service Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Telephone: (301) 815-6600 Fax: (301) 815-6600 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A 589929R26 SEN 3.88000% ~~324~~304,~~881~~263,~~380~~259.7233 1983,~~050,449~~784.8054 2015,~~618~~525,~~121~~282.3980 I-A-IO 589929R34 SEN 1.~~27195~~26234% 0.00 ~~344~~320,~~359~~068.5872 0.00 M-1 589929R42 SUB 5.~~15195~~14234% 4,777,~~439~~263.3408 20,~~510~~471.9291 ~~176~~180.2613 M-2 589929R59 SUB 5.~~15195~~14234% 2,122,~~750~~672.8857 9,~~113~~096.5825 7880.3204 M-3 589929R67 SUB 5.~~15195~~14234% 884,~~896~~863.1550 3,~~799~~791.1189 3233.6536 B-1 589929R75 SUB 5.~~15195~~14234% 707,~~916~~890.9280 3,~~039~~033.2951 26.1269 B-2 589929R83 SUB 5.~~15195~~14234% 530,~~937~~918.6910 2,~~279~~275.4713 1920.5902 B-3 589929R91 SUB 5.~~15195~~14234% 708,~~071~~045.8674 3,~~039~~034.9617 26.1270 R-I 589929S25 SEN 0.00000% 0.00 0.00 0.00 R-II 589929S33 SEN 0.00000% 0.00 0.00 0.00 Totals ~~334~~313,~~613~~994,~~393~~913.5612 1,~~436~~345,~~591~~556.7112 2015,~~618~~525,~~480~~649.4574

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 ~~304~~288,~~263~~737,~~259~~976.3353 2116,~~668~~509,~~571~~067.1934 0.00 I-A-IO 0.00 0.00 ~~344~~320,~~359~~068.5872 0.00 M-1 0.00 4,777,~~263~~082.0895 20,~~687~~652.1804 0.00 M-2 0.00 2,122,~~672~~592.5753 9,~~191~~176.9029 0.00 M-3 0.00 884,~~863~~830.5014 3,~~831~~825.7625 0.00 B-1 0.00 707,~~890~~864.8011 3,~~065~~060.4120 0.00 B-2 0.00 530,~~918~~898.1008 2,~~299~~295.0615 0.00 B-3 0.00 708,~~045~~019.7404 3,~~066~~060.0887 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 0.00 ~~313~~298,~~994~~469,~~913~~263.1238 2216,~~055~~871,~~072~~205.1686 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) I-A 344,168,000.00 ~~324~~304,~~881~~263,~~380~~259.7233 11,~~986~~472.0350 2015,~~606~~513,~~135~~810.3630 0.00 0.00 I-A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M-1 4,778,000.00 4,777,~~439~~263.3408 ~~176~~180.2613 0.00 0.00 0.00 M-2 2,123,000.00 2,122,~~750~~672.8857 7880.3204 0.00 0.00 0.00 M-3 885,000.00 884,~~896~~863.1550 3233.6536 0.00 0.00 0.00 B-1 708,000.00 707,~~916~~890.9280 26.1269 0.00 0.00 0.00 B-2 531,000.00 530,~~937~~918.6910 1920.5902 0.00 0.00 0.00 B-3 708,154.96 708,~~071~~045.8674 26.1270 0.00 0.00 0.00 R-I 0.00 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 0.00 Totals 353,901,154.96 ~~334~~313,~~613~~994,~~393~~913.56 12 11,~~345~~839.0944 2015,~~606~~513,~~135~~810.3630 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 I-A 2015,~~618~~525,~~121~~282.3980 ~~304~~288,~~263~~737,~~259~~976.3353 0.~~88405447~~83894487 2015,~~618~~525,~~121~~282.3980 I-A-IO 0.00 0.00 0.00000000 0.00 M-1 ~~176~~180.2613 4,777,~~263~~082.0895 0.~~99984577~~99980807 ~~176~~180.2613 M-2 7880.3204 2,122,~~672~~592.5753 0.~~99984577~~99980807 7880.3204 M-3 3233.6536 884,~~863~~830.5014 0.~~99984576~~99980807 3233.6536 B-1 26.1269 707,~~890~~864.8011 0.~~99984576~~99980806 26.1269 B-2 1920.5902 530,~~918~~898.1008 0.~~99984576~~99980806 1920.5902 B-3 26.1270 708,~~045~~019.7404 0.~~99984577~~99980806 26.1270 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 2015,~~618~~525,~~480~~649.4574 ~~313~~298,~~994~~469,~~913~~263.1238 0.~~88723902~~84336900 2015,~~618~~525,~~480~~649.4574

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 344,168,000.00 ~~943~~884.~~96161386~~05447145 0.~~03482610~~03333401 5945.~~87231631~~07627176 0.00000000 I-A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 4,778,000.00 999.~~88265802~~84576810 0.~~03688991~~03769987 0.00000000 0.00000000 M-2 2,123,000.00 999.~~88265662~~84577014 0.~~03689119~~03770137 0.00000000 0.00000000 M-3 885,000.00 999.~~88265537~~84576271 0.~~03689266~~03769492 0.00000000 0.00000000 B-1 708,000.00 999.~~88265537~~84576271 0.~~03689266~~03769774 0.00000000 0.00000000 B-2 531,000.00 999.~~88265537~~84576271 0.~~03689266~~03770245 0.00000000 0.00000000 B-3 708,154.96 999.~~88265280~~84576822 0.~~03688458~~03770361 0.00000000 0.00000000 R-I 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2) All Classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A 0.00000000 5945.~~90714241~~10960577 ~~884~~838.~~05447145~~94486568 0.~~88405447~~83894487 5945.~~90714241~~10960577 I-A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 0.~~03688991~~03769987 999.~~84576810~~80806823 0.~~99984577~~99980807 0.~~03688991~~03769987 M-2 0.00000000 0.~~03689119~~03770137 999.~~84577014~~80806877 0.~~99984577~~99980807 0.~~03689119~~03770137 M-3 0.00000000 0.~~03689266~~03769492 999.~~84576271~~80806780 0.~~99984576~~99980807 0.~~03689266~~03769492 B-1 0.00000000 0.~~03689266~~03769774 999.~~84576271~~80806497 0.~~99984576~~99980806 0.~~03689266~~03769774 B-2 0.00000000 0.~~03689266~~03770245 999.~~84576271~~80806026 0.~~99984576~~99980806 0.~~03689266~~03770245 B-3 0.00000000 0.~~03688458~~03770361 999.~~84576822~~80806461 0.~~99984577~~99980806 0.~~03688458~~03770361 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 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 I-A 344,168,000.00 3.88000% ~~324~~304,~~881~~263,~~380~~259.7233 1983,~~050,449~~784.8054 0.00 0.00 I-A-IO 0.00 1.~~27195~~26234% ~~324~~304,~~881~~263,~~380~~259.7233 ~~344~~320,~~359~~068.5872 0.00 0.00 M-1 4,778,000.00 5.~~15195~~14234% 4,777,~~439~~263.3408 20,~~510~~471.9291 0.00 0.00 M-2 2,123,000.00 5.~~15195~~14234% 2,122,~~750~~672.8857 9,~~113~~096.5825 0.00 0.00 M-3 885,000.00 5.~~15195~~14234% 884,~~896~~863.1550 3,~~799~~791.1189 0.00 0.00 B-1 708,000.00 5.~~15195~~14234% 707,~~916~~890.9280 3,~~039~~033.2951 0.00 0.00 B-2 531,000.00 5.~~15195~~14234% 530,~~937~~918.6910 2,~~279~~275.4713 0.00 0.00 B-3 708,154.96 5.~~15195~~14234% 708,~~071~~045.8674 3,~~039~~034.9617 0.00 0.00 R-I 0.00 0.00000% 0.00 0.00 0.00 0.00 R-II 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 353,901,154.96 1,~~436~~345,~~591~~556.7112 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 I-A 0.00 0.00 1983,~~050,449~~784.8054 0.00 ~~304~~288,~~263~~737,~~259~~976.3353 I-A-IO 0.00 0.00 ~~344~~320,~~359~~068.5872 0.00 ~~304~~288,~~263~~737,~~259~~976.3353 M-1 0.00 0.00 20,~~510~~471.9291 0.00 4,777,~~263~~082.0895 M-2 0.00 0.00 9,~~113~~096.5825 0.00 2,122,~~672~~592.5753 M-3 0.00 0.00 3,~~799~~791.1189 0.00 884,~~863~~830.5014 B-1 0.00 0.00 3,~~039~~033.2951 0.00 707,~~890~~864.8011 B-2 0.00 0.00 2,~~279~~275.4713 0.00 530,~~918~~898.1008 B-3 0.00 0.00 3,~~039~~034.9617 0.00 708,~~045~~019.7404 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,~~436~~345,~~591~~556.7112 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 I-A 344,168,000.00 3.88000% ~~943~~884.~~96161386~~05447145 32.~~05214256~~85844280 0.00000000 0.00000000 I-A-IO 0.00 1.~~27195~~26234% ~~943~~884.~~96161386~~05447145 10.~~00055665~~92997815 0.00000000 0.00000000 M-1 4,778,000.00 5.~~15195~~14234% 999.~~88265802~~84576810 4.~~29278359~~28461909 0.00000000 0.00000000 M-2 2,123,000.00 5.~~15195~~14234% 999.~~88265662~~84577014 4.~~29278380~~28462082 0.00000000 0.00000000 M-3 885,000.00 5.~~15195~~14234% 999.~~88265537~~84576271 4.~~29277966~~28462147 0.00000000 0.00000000 B-1 708,000.00 5.~~15195~~14234% 999.~~88265537~~84576271 4.~~29278249~~28461864 0.00000000 0.00000000 B-2 531,000.00 5.~~15195~~14234% 999.~~88265537~~84576271 4.~~29278719~~28461394 0.00000000 0.00000000 B-3 708,154.96 5.~~15195~~14234% 999.~~88265280~~84576822 4.~~29278925~~28461307 0.00000000 0.00000000 R-I 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 5) All Classes are per $1,000 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 I-A 0.00000000 0.00000000 32.~~05214256~~85844280 0.00000000 ~~884~~838.~~05447145~~94486568 I-A-IO 0.00000000 0.00000000 10.~~00055665~~92997815 0.00000000 ~~884~~838.~~05447145~~94486568 M-1 0.00000000 0.00000000 4.~~29278359~~28461909 0.00000000 999.~~84576810~~80806823 M-2 0.00000000 0.00000000 4.~~29278380~~28462082 0.00000000 999.~~84577014~~80806877 M-3 0.00000000 0.00000000 4.~~29277966~~28462147 0.00000000 999.~~84576271~~80806780 B-1 0.00000000 0.00000000 4.~~29278249~~28461864 0.00000000 999.~~84576271~~80806497 B-2 0.00000000 0.00000000 4.~~29278719~~28461394 0.00000000 999.~~84576271~~80806026 B-3 0.00000000 0.00000000 4.~~29278925~~28461307 0.00000000 999.~~84576822~~80806461 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 2216,~~101~~907,~~893~~965.6452 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2228,~~925~~692.8908 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 2216,~~124~~936,~~819~~657.5360 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 6965,~~747~~451.3774 Payment of Interest and Principal 2216,~~055~~871,~~072~~205.1686 Total Withdrawals (Pool Distribution Amount) 2216,~~124~~936,~~819~~657.5360 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 6965,~~747~~451.3774 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 6965,~~747~~451.3774

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 1 0 0 1 322,162.00 0.00 0.00 322,162.00 30 Days 89 0 0 0 89 3,~~292~~520,~~080~~939.0960 0.00 0.00 0.00 3,~~292~~520,~~080~~939.0960 60 Days 12 0 0 0 12 12,~~758~~258,000.00 0.00 0.00 0.00 12,~~758~~258,000.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 01 0 0 0 01 0593,200.00 0.00 0.00 0.00 0593,200.00 150 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 912 1 0 0 1013 56,~~050~~372,~~080~~139.0960 322,162.00 0.00 0.00 56,~~372~~694,~~242~~301.0960 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.~~136240~~142653% 0.000000% 0.000000% 0.~~136240~~142653% 0.~~102598~~107934% 0.000000% 0.000000% 0.~~102598~~107934% 30 Days 1.~~089918~~283880% 0.000000% 0.000000% 0.000000% 1.~~089918~~283880% 1.~~048417~~179625% 0.000000% 0.000000% 0.000000% 1.~~048417~~179625% 60 Days 0.~~136240~~285307% 0.000000% 0.000000% 0.000000% 0.~~136240~~285307% 0.~~559864~~756501% 0.000000% 0.000000% 0.000000% 0.~~559864~~756501% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.~~000000~~142653% 0.000000% 0.000000% 0.000000% 0.~~000000~~142653% 0.~~000000~~198741% 0.000000% 0.000000% 0.000000% 0.~~000000~~198741% 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.~~226158~~711840% 0.~~136240~~142653% 0.000000% 0.000000% 1.~~362398~~854494% 12.~~608281~~134867% 0.~~102598~~107934% 0.000000% 0.000000% 12.~~710878~~242801%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2228,~~925~~692.8908

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.02825648% 100,000.00 0.~~03184765~~03350429% Fraud 7,078,023.00 1.99999997% 7,078,023.00 2.~~25418397~~37144117% Special Hazard 1,769,506.00 0.50000006% 1,769,506.00 0.~~56354607~~59286038% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~402075~~392474% Weighted Average Net Coupon 5.~~151945~~142336% Weighted Average Pass-Through Rate 5.~~151945~~142336% Weighted Average Maturity(Stepdown Calculation ) ~~352~~351 Beginning Scheduled Collateral Loan Count ~~771~~734 Number Of Loans Paid In Full 3733 Ending Scheduled Collateral Loan Count ~~734~~701 Beginning Scheduled Collateral Balance ~~334~~313,~~613~~994,~~393~~913.5713 Ending Scheduled Collateral Balance ~~313~~298,~~994~~469,~~913~~263.1339 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2003 ~~314~~298,~~004~~479,~~903~~477.1908 Monthly P &I Constant 1,~~518~~422,~~684~~847.1730 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~313~~298,~~994~~469,~~913~~263.1339 Scheduled Principal 1211,~~345~~839.0844 Unscheduled Principal 2015,~~606~~513,~~135~~810.3630

Filing Compare · MORTGAGE PASS THROUGH CERTIFICATES MLMI SERIES 2003-A3