8-K 1 mlc0300d.txt DECEMBER 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): December 26, 2003 MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Pass-Through Certificates, Series 2003-D Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-103927-04 54-2121762 Pooling and Servicing Agreement) (Commission 54-2121763 (State or other File Number) 54-2121764 jurisdiction 54-2121766 of Incorporation) 54-6553630 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 December 26, 2003 a distribution was made to holders of MERRILL LYNCH MORTGAGE INVESTORS, INC., Mortgage Pass-Through Certificates, Series 2003-D 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-D Trust, relating to the December 26, 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-D Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/6/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-D Trust, relating to the December 26, 2003 distribution. EX-99.1

Merrill Lynch Mortgage Investors, Inc. Mortgage Pass-Through Certificates Record Date: 911/30/03 Distribution Date: 1012/2726/03 MLC Series: 2003-D 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 A 589929V21 SEN 1.~~43000~~42875% ~~984~~962,~~651~~028,~~425~~443.9679 1,~~173~~145,~~376~~415.2812 8,~~569~~987,~~083~~518.0425 A-R 589929V54 SEN 2.~~86562~~86467% 0.00 0.02 0.00 X-A-1 589929V39 SEN 1.00000% 0.00 ~~768~~713,~~207~~151.2076 0.00 X-A-2 589929W46 SEN 0.~~50181~~52882% 0.00 ~~411~~423,~~752~~950.6699 0.00 X-B 589929V47 SEN 0.~~64518~~62554% 0.00 12,~~670~~284.3258 0.00 B-1 589929V62 SUB 1.~~75000~~74875% 10,758,000.00 15,~~688~~677.7554 0.00 B-2 589929V70 SUB 2.~~62000~~61875% 8,197,000.00 17,~~896~~888.7824 0.00 B-3 589929V88 SUB 2.~~62000~~61875% 4,611,000.00 10,~~067~~062.3555 0.00 B-4 589929V96 SUB 2.~~86802~~84713% 2,561,000.00 6,~~120~~076.8425 0.00 B-5 589929W20 SUB 2.~~86802~~84713% 2,049,000.00 4,~~897~~861.1548 0.00 B-6 589929W38 SUB 2.~~86802~~84713% 3,587,000.00 8,~~573~~510.0055 0.00 Totals 1993,~~016~~791,~~414,425~~443.9679 2,~~429~~357,~~250~~879.3508 8,~~569~~987,~~083~~518.0425

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~976~~953,~~082~~040,~~342~~925.9254 910,~~742~~132,~~459~~933.3237 0.00 A-R 0.00 0.00 0.02 0.00 X-A-1 0.00 0.00 ~~768~~713,~~207~~151.2076 0.00 X-A-2 0.00 0.00 ~~411~~423,~~752~~950.6699 0.00 X-B 0.00 0.00 12,~~670~~284.3258 0.00 B-1 0.00 10,758,000.00 15,~~688~~677.7554 0.00 B-2 0.00 8,197,000.00 17,~~896~~888.7824 0.00 B-3 0.00 4,611,000.00 10,~~067~~062.3555 0.00 B-4 0.00 2,561,000.00 6,~~120~~076.8425 0.00 B-5 0.00 2,049,000.00 4,~~897~~861.1548 0.00 B-6 0.00 3,587,000.00 8,~~573~~510.0055 0.00 Totals 0.00 1984,~~007~~803,~~845,342~~925.9254 1011,~~998~~345,~~333~~397.3933 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) A 992,833,000.00 ~~984~~962,~~651~~028,~~425~~443.9679 022.0139 8,~~569~~987,~~083~~495.0386 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 X-A-1 0.00 0.00 0.00 0.00 0.00 0.00 X-A-2 0.00 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 B-1 10,758,000.00 10,758,000.00 0.00 0.00 0.00 0.00 B-2 8,197,000.00 8,197,000.00 0.00 0.00 0.00 0.00 B-3 4,611,000.00 4,611,000.00 0.00 0.00 0.00 0.00 B-4 2,561,000.00 2,561,000.00 0.00 0.00 0.00 0.00 B-5 2,049,000.00 2,049,000.00 0.00 0.00 0.00 0.00 B-6 3,587,000.00 3,587,000.00 0.00 0.00 0.00 0.00 Totals 1,024,596,100.00 1993,~~016~~791,~~414,425~~443.9679 022.0139 8,~~569~~987,~~083~~495.0386 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 A 8,~~569~~987,~~083~~518.0425 ~~976~~953,~~082~~040,~~342~~925.9254 0.~~98312842~~95992068 8,~~569~~987,~~083~~518.0425 A-R 0.00 0.00 0.00000000 0.00 X-A-1 0.00 0.00 0.00000000 0.00 X-A-2 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-1 0.00 10,758,000.00 1.00000000 0.00 B-2 0.00 8,197,000.00 1.00000000 0.00 B-3 0.00 4,611,000.00 1.00000000 0.00 B-4 0.00 2,561,000.00 1.00000000 0.00 B-5 0.00 2,049,000.00 1.00000000 0.00 B-6 0.00 3,587,000.00 1.00000000 0.00 Totals 8,~~569~~987,~~083~~518.0425 1984,~~007~~803,~~845,342~~925.9254 0.~~98365136~~96116306 8,~~569~~987,~~083~~518.0425

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 992,833,000.00 ~~991~~968.~~75936533~~97307381 0.~~00000001~~00002255 89.~~63094098~~05237423 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 X-A-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 10,758,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 8,197,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 4,611,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 2,561,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 2,049,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 3,587,000.00 1000.00000000 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 A 0.00000000 89.~~63094099~~05239678 ~~983~~959.~~12842434~~92067703 0.~~98312842~~95992068 89.~~63094099~~05239678 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 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 B-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 (3) 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 Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A 992,833,000.00 1.~~43000~~42875% ~~984~~962,~~651~~028,~~425~~443.9679 1,~~173~~145,~~376~~415.2812 0.00 0.00 A-R 100.00 2.~~86562~~86467% 0.00 0.00 0.00 0.00 X-A-1 0.00 1.00000% ~~921~~855,~~848~~782,~~644~~107.0566 ~~768~~713,~~207~~151.2076 0.00 0.00 X-A-2 0.00 0.~~50181~~52882% ~~984~~962,~~651~~028,~~425~~443.9679 ~~411~~423,~~752~~950.6699 0.00 0.00 X-B 0.00 0.~~64518~~62554% 23,566,000.00 12,~~670~~284.3258 0.00 0.00 B-1 10,758,000.00 1.~~75000~~74875% 10,758,000.00 15,~~688~~677.7554 0.00 0.00 B-2 8,197,000.00 2.~~62000~~61875% 8,197,000.00 17,~~896~~888.7824 0.00 0.00 B-3 4,611,000.00 2.~~62000~~61875% 4,611,000.00 10,~~067~~062.3555 0.00 0.00 B-4 2,561,000.00 2.~~86802~~84713% 2,561,000.00 6,~~120~~076.8425 0.00 0.00 B-5 2,049,000.00 2.~~86802~~84713% 2,049,000.00 4,~~897~~861.1548 0.00 0.00 B-6 3,587,000.00 2.~~86802~~84713% 3,587,000.00 8,~~573~~510.0055 0.00 0.00 Totals 1,024,596,100.00 2,~~429~~357,~~250~~879.3306 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 A 0.00 0.00 1,~~173~~145,~~376~~415.2812 0.00 ~~976~~953,~~082~~040,~~342~~925.9254 A-R 0.00 0.00 0.02 0.00 0.00 X-A-1 0.00 0.00 ~~768~~713,~~207~~151.2076 0.00 ~~888~~824,~~222~~485,~~515~~608.8872 X-A-2 0.00 0.00 ~~411~~423,~~752~~950.6699 0.00 ~~976~~953,~~082~~040,~~342~~925.9254 X-B 0.00 0.00 12,~~670~~284.3258 0.00 23,566,000.00 B-1 0.00 0.00 15,~~688~~677.7554 0.00 10,758,000.00 B-2 0.00 0.00 17,~~896~~888.7824 0.00 8,197,000.00 B-3 0.00 0.00 10,~~067~~062.3555 0.00 4,611,000.00 B-4 0.00 0.00 6,~~120~~076.8425 0.00 2,561,000.00 B-5 0.00 0.00 4,~~897~~861.1548 0.00 2,049,000.00 B-6 0.00 0.00 8,~~573~~510.0055 0.00 3,587,000.00 Totals 0.00 0.00 2,~~429~~357,~~250~~879.3508 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 A 992,833,000.00 1.~~43000~~42875% ~~991~~968.~~75936533~~97307381 1.~~18184657~~15368357 0.00000000 0.00000000 A-R 100.00 2.~~86562~~86467% 0.00000000 0.00000000 0.00000000 0.00000000 X-A-1 0.00 1.00000% ~~928~~861.~~50322668~~95977336 0.~~77375269~~71829981 0.00000000 0.00000000 X-A-2 0.00 0.~~50181~~52882% ~~991~~968.~~75936533~~97307381 0.~~41472499~~42701138 0.00000000 0.00000000 X-B 0.00 0.~~64518~~62554% 1000.00000000 0.~~53765255~~52128405 0.00000000 0.00000000 B-1 10,758,000.00 1.~~75000~~74875% 1000.00000000 1.~~45833333~~45729132 0.00000000 0.00000000 B-2 8,197,000.00 2.~~62000~~61875% 1000.00000000 2.~~18333293~~18229108 0.00000000 0.00000000 B-3 4,611,000.00 2.~~62000~~61875% 1000.00000000 2.~~18333333~~18229234 0.00000000 0.00000000 B-4 2,561,000.00 2.~~86802~~84713% 1000.00000000 2.~~39001952~~37260836 0.00000000 0.00000000 B-5 2,049,000.00 2.~~86802~~84713% 1000.00000000 2.~~39001952~~37261103 0.00000000 0.00000000 B-6 3,587,000.00 2.~~86802~~84713% 1000.00000000 2.~~39001951~~37260942 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 A 0.00000000 0.00000000 1.~~18184657~~15368357 0.00000000 ~~983~~959.~~12842434~~92067703 A-R 0.00000000 0.00000000 0.20000000 0.00000000 0.00000000 X-A-1 0.00000000 0.00000000 0.~~77375269~~71829981 0.00000000 ~~894~~830.~~63436034~~43735323 X-A-2 0.00000000 0.00000000 0.~~41472499~~42701138 0.00000000 ~~983~~959.~~12842434~~92067703 X-B 0.00000000 0.00000000 0.~~53765255~~52128405 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 1.~~45833333~~45729132 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.~~18333293~~18229108 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.~~18333333~~18229234 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.~~39001952~~37260836 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.~~39001952~~37261103 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.~~39001951~~37260942 0.00000000 1000.00000000 (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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage X-B-1 1.~~11802~~09838% 10,758,000.00 10,758,000.00 0.00 0.00 100.00000000% X-B-2 0.~~24802~~22838% 8,197,000.00 8,197,000.00 0.00 0.00 100.00000000% X-B-3 0.~~24802~~22838% 4,611,000.00 4,611,000.00 0.00 0.00 100.00000000%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 11,~~183~~536,~~023~~645.2713 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2715,~~063~~792.1309 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 11,~~210~~552,~~086~~437.4022 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~211~~207,~~753~~039.0189 Payment of Interest and Principal 1011,~~998~~345,~~333~~397.3933 Total Withdrawals (Pool Distribution Amount) 11,~~210~~552,~~086~~437.4022 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~211~~207,~~753~~039.0189 Master Servicing Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~211~~207,~~753~~039.0189

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 2116 0 0 0 2116 86,~~712~~737,~~072~~411.2024 0.00 0.00 0.00 86,~~712~~737,~~072~~411.2024 60 Days 40 0 0 0 40 ~~1,654,409~~0.8600 0.00 0.00 0.00 ~~1,654,409~~0.8600 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 2516 0 0 0 2516 106,~~366~~737,~~482~~411.0624 0.00 0.00 0.00 106,~~366~~737,~~482~~411.0624 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.~~742837~~575333% 0.000000% 0.000000% 0.000000% 0.~~742837~~575333% 0.~~864425~~684137% 0.000000% 0.000000% 0.000000% 0.~~864425~~684137% 60 Days 0.~~141493~~000000% 0.000000% 0.000000% 0.000000% 0.~~141493~~000000% 0.~~164153~~000000% 0.000000% 0.000000% 0.000000% 0.~~164153~~000000% 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% 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.~~884330~~575333% 0.000000% 0.000000% 0.000000% 0.~~884330~~575333% 10.~~028579~~684137% 0.000000% 0.000000% 0.000000% 10.~~028579~~684137%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2715,~~063~~792.1309

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.00975994% 100,000.00 0.~~00992216~~01015431% Fraud 20,491,922.00 2.00000000% 20,491,922.00 2.~~03324071~~08081236% Special Hazard 10,563,713.00 1.03101242% 109,~~482~~848,~~365~~039.6536 1.~~04007680~~00000000% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.~~117980~~097131% Weighted Average Net Coupon 2.~~867980~~847131% Weighted Average Pass-Through Rate 2.~~867980~~847131% Weighted Average Maturity(Stepdown Calculation ) ~~296~~294 Beginning Scheduled Collateral Loan Count 2,~~840~~799 Number Of Loans Paid In Full 1318 Ending Scheduled Collateral Loan Count 2,~~827~~781 Beginning Scheduled Collateral Balance 1993,~~016~~791,~~414,435~~453.9477 Ending Scheduled Collateral Balance 1984,~~007~~803,~~845,352~~935.9051 Ending Actual Collateral Balance at 30-~~Sep~~Nov-2003 1984,~~007~~803,~~845,352~~935.8456 Monthly P &I Constant 2,~~640~~564,~~966~~941.5836 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 1984,~~007~~803,~~845,352~~935.9051 Scheduled Principal 022.0139 Unscheduled Principal 8,~~569~~987,~~083~~495.0386

Miscellaneous Reporting Balances of One-Month LIBOR Loans ~~244~~242,~~156~~230,~~192~~375.1805 Balances of Six-Month LIBOR Loans ~~763~~742,~~689~~573,~~160~~560.7246 Pro Rata Senior Percentage 96.~~874994~~803856% Subordinate Percentage 0.~~031250~~031961% Senior Prepayment Percentage 100.000000% Subordinate Prepayment Percentage 0.000000%

Filing Compare · MERRILL LYNCH MORT INVESTORS INC TRUST SERIES MLCC 2003-D