8-K 1 mlm03wm2_dec.txt DECEMBER 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): December 26, 2003 MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Loan Asset-Backed Certificates, Series 2003-WMC2 Trust (Exact name of registrant as specified in its charter) 54-6540606 New York (governing law of 333-101760-04 54-2105550 Pooling and Servicing Agreement) (Commission 54-2105551 (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 December 26, 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-WMC2 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 Loan Asset-Backed Certificates, Series 2003-WMC2 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: 1/8/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-WMC2 Trust, relating to the December 26, 2003 distribution.

Merrill Lynch Mortgage Investors, Inc. Mortgage ~~Loan Asset~~Pass-~~Backed~~Through Certificates Record Date: 911/30/03 Distribution Date: 1012/2726/03 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.~~52000~~51875% 0.00 0.00 0.00 A1 589929L97 SEN 1.~~52000~~51875% ~~268~~248,~~483~~633,~~232~~542.6946 ~~362~~325,~~750~~166.6805 911,~~342~~755,~~144~~782.7991 A2 589929M21 SEN 1.~~46000~~45875% ~~279~~256,~~240~~571,~~452~~059.2820 ~~362~~322,~~392~~290.0567 10,~~953~~691,~~821~~462.2117 M1 589929M39 SUB 1.~~97000~~96875% 54,878,000.00 9693,~~097~~035.4836 0.00 M2 589929M47 SUB 3.~~02000~~01875% 39,737,000.00 ~~106~~103,~~671~~295.7750 0.00 B1 589929M54 SUB 3.~~97000~~96875% 18,923,000.00 6664,~~777~~670.1601 0.00 B2 589929M62 SUB 4.~~12000~~11875% 11,353,000.00 4140,~~577~~265.2170 0.00 N 589929Q76 SUB 8.50000% 3326,~~643~~935,~~186~~586.5410 ~~254~~197,~~192~~153.9653 3,~~367~~180,~~019~~930.6562 X 589929Q84 SUB 0.00000% 18,922,432.90 0.00 0.00 Totals ~~725~~675,~~180~~953,~~304~~620.4166 1,~~290~~145,~~459~~876.3182 2325,~~662~~628,~~985~~175.6570

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 ~~259~~236,~~141~~877,~~087~~759.9055 912,~~704~~080,~~895~~948.4796 0.00 A2 0.00 ~~268~~245,~~286~~879,~~631~~597.0703 11,~~316~~013,~~213~~752.2684 0.00 M1 0.00 54,878,000.00 9693,~~097~~035.4836 0.00 M2 0.00 39,737,000.00 ~~106~~103,~~671~~295.7750 0.00 B1 0.00 18,923,000.00 6664,~~777~~670.1601 0.00 B2 0.00 11,353,000.00 4140,~~577~~265.2170 0.00 N 0.00 3023,~~276~~754,~~166~~655.8948 3,~~621~~378,~~212~~084.6115 0.00 X 0.00 18,922,432.90 0.00 0.00 Totals 0.00 ~~701~~650,~~517~~325,~~318~~444.7696 2426,~~953~~774,~~444~~052.9652 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 ~~268~~248,~~483~~633,~~232~~542.6946 0.00 911,~~342~~755,~~144~~782.7991 0.00 0.00 A2 313,083,000.00 ~~279~~256,~~240~~571,~~452~~059.2820 0.00 10,~~953~~691,~~821~~462.2117 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 3326,~~643~~935,~~186~~586.5410 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 ~~725~~675,~~180~~953,~~304~~620.4166 0.00 2022,~~295~~447,~~966~~245.0008 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 911,~~342~~755,~~144~~782.7991 ~~259~~236,~~141~~877,~~087~~759.9055 0.~~86380363~~78959253 911,~~342~~755,~~144~~782.7991 A2 10,~~953~~691,~~821~~462.2117 ~~268~~245,~~286~~879,~~631~~597.0703 0.~~85691855~~78534956 10,~~953~~691,~~821~~462.2117 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,~~367~~180,~~019~~930.6562 3023,~~276~~754,~~166~~655.8948 0.~~56590966~~44401225 3,~~367~~180,~~019~~930.6562 X 0.00 18,922,432.90 0.99995862 0.00 Totals 2325,~~662~~628,~~985~~175.6570 ~~701~~650,~~517~~325,~~318~~444.7696 0.~~86564615~~80247729 2325,~~662~~628,~~985~~175.6570

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 ~~894~~828.~~94410897~~77847487 0.00000000 3139.~~14048263~~18594303 0.00000000 A2 313,083,000.00 ~~891~~819.~~90550838~~49853298 0.00000000 34.~~98695621~~14897062 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 ~~628~~503.~~84460822~~46889907 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 3139.~~14048263~~18594303 ~~863~~789.~~80362633~~59253183 0.~~86380363~~78959253 3139.~~14048263~~18594303 A2 0.00000000 34.~~98695621~~14897062 ~~856~~785.~~91855217~~34956235 0.~~85691855~~78534956 34.~~98695621~~14897062 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 6259.~~93494673~~45664710 ~~565~~444.~~90966150~~01225196 0.~~56590966~~44401225 6259.~~93494673~~45664710 X 0.00000000 0.00000000 999.95861697 0.99995862 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 R 100.00 1.~~52000~~51875% 0.00 0.00 0.00 0.00 A1 300,000,000.00 1.~~52000~~51875% ~~268~~248,~~483~~633,~~232~~542.6946 ~~362~~325,~~750~~166.6805 0.00 0.00 A2 313,083,000.00 1.~~46000~~45875% ~~279~~256,~~240~~571,~~452~~059.2820 ~~362~~322,~~392~~290.0567 0.00 0.00 M1 54,878,000.00 1.~~97000~~96875% 54,878,000.00 9693,~~097~~035.4836 0.00 0.00 M2 39,737,000.00 3.~~02000~~01875% 39,737,000.00 ~~106~~103,~~671~~295.7750 0.00 0.00 B1 18,923,000.00 3.~~97000~~96875% 18,923,000.00 6664,~~777~~670.1601 0.00 0.00 B2 11,353,000.00 4.~~12000~~11875% 11,353,000.00 4140,~~577~~265.2170 0.00 0.00 N 53,500,000.00 8.50000% 3326,~~643~~935,~~186~~586.5410 ~~254~~197,~~192~~153.9653 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,~~290~~145,~~459~~876.3182 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 ~~362~~325,~~750~~166.6805 0.00 ~~259~~236,~~141~~877,~~087~~759.9055 A2 0.00 0.00 ~~362~~322,~~392~~290.0567 0.00 ~~268~~245,~~286~~879,~~631~~597.0703 M1 0.00 0.00 9693,~~097~~035.4836 0.00 54,878,000.00 M2 0.00 0.00 ~~106~~103,~~671~~295.7750 0.00 39,737,000.00 B1 0.00 0.00 6664,~~777~~670.1601 0.00 18,923,000.00 B2 0.00 0.00 4140,~~577~~265.2170 0.00 11,353,000.00 N 0.00 0.00 ~~254~~197,~~192~~153.9653 0.00 3023,~~276~~754,~~166~~655.8948 X 0.00 0.00 0.00 0.00 18,922,432.90 Totals 0.00 0.00 1,~~290~~145,~~459~~876.3182 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.~~52000~~51875% 0.00000000 0.00000000 0.00000000 0.00000000 A1 300,000,000.00 1.~~52000~~51875% ~~894~~828.~~94410897~~77847487 1.~~20916893~~08388683 0.00000000 0.00000000 A2 313,083,000.00 1.~~46000~~45875% ~~891~~819.~~90550838~~49853298 1.~~15749514~~02940968 0.00000000 0.00000000 M1 54,878,000.00 1.~~97000~~96875% 1000.00000000 1.~~75111119~~69531251 0.00000000 0.00000000 M2 39,737,000.00 3.~~02000~~01875% 1000.00000000 2.~~68444447~~59947907 0.00000000 0.00000000 B1 18,923,000.00 3.~~97000~~96875% 1000.00000000 3.~~52888865~~41753475 0.00000000 0.00000000 B2 11,353,000.00 4.~~12000~~11875% 1000.00000000 3.~~66222232~~54670131 0.00000000 0.00000000 N 53,500,000.00 8.50000% ~~628~~503.~~84460822~~46889907 43.~~75127028~~68511271 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.~~20916893~~08388683 0.00000000 ~~863~~789.~~80362633~~59253183 A2 0.00000000 0.00000000 1.~~15749514~~02940968 0.00000000 ~~856~~785.~~91855217~~34956235 M1 0.00000000 0.00000000 1.~~75111119~~69531251 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~68444447~~59947907 0.00000000 1000.00000000 B1 0.00000000 0.00000000 3.~~52888865~~41753475 0.00000000 1000.00000000 B2 0.00000000 0.00000000 3.~~66222232~~54670131 0.00000000 1000.00000000 N 0.00000000 0.00000000 43.~~75127028~~68511271 0.00000000 ~~565~~444.~~90966150~~01225196 X 0.00000000 0.00000000 0.00000000 0.00000000 999.95861697 (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 2426,~~729~~611,~~930~~641.2246 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~247~~267,~~178~~055.8173 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0(111,173.0036) Prepayment Penalties ~~480~~526,~~695~~601.1876 Total Deposits 2527,~~457~~294,~~804~~125.2159 Withdrawals Reimbursement for Servicer Advances ~~217~~250,~~241~~706.8231 Payment of Service Fee ~~287~~269,~~117~~366.4376 Payment of Interest and Principal 2426,~~953~~774,~~444~~052.9652 Total Withdrawals (Pool Distribution Amount) 2527,~~457~~294,~~804~~125.2159 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~287~~269,~~117~~366.4376 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~287~~269,~~117~~366.4376

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 91111 31 0 0 94112 1315,~~177~~883,~~493~~381.7092 ~~506~~197,~~279~~964.9249 0.00 0.00 1316,~~683~~081,~~773~~346.6241 60 Days 3035 10 0 0 3135 35,~~937~~251,~~210~~450.5112 ~~98,485~~0.4500 0.00 0.00 45,~~035~~251,~~695~~450.9612 90 Days 2512 2 165 0 4319 31,~~129~~145,~~615~~281.3731 ~~160~~499,~~170~~705.3805 41,~~200~~254,~~834~~208.1682 0.00 72,~~490~~899,~~619~~195.9118 120 Days 1013 25 86 0 2024 ~~819~~1,~~036~~435,146.3731 ~~494~~595,~~751~~244.0967 1,~~947~~309,~~519~~477.5682 0.00 3,~~261~~339,~~307~~868.0280 150 Days 612 2 1120 0 1934 ~~391~~1,~~098~~149,735.4011 ~~130~~89,~~511~~190.3987 24,~~307~~285,~~657~~995.4022 0.00 25,~~829~~524,~~267~~921.1920 180+ Days 713 211 617 02 1543 ~~779~~764,~~038~~304.2850 ~~565~~2,~~675~~792,383.3284 12,~~280~~708,~~517~~805.4077 0752,801.0041 27,~~625~~018,~~231~~295.0052 Totals ~~169~~196 1221 4148 02 ~~222~~267 2225,~~233~~629,~~492~~299.6327 14,~~955~~174,~~873~~488.5592 9,~~736~~558,~~528~~487.5263 0752,801.0041 3340,~~925~~115,~~894~~077.7023 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.~~172356~~816544% 0.~~071616~~025374% 0.000000% 0.000000% 2.~~243972~~841918% 12.~~963153~~534970% 0.~~075424~~031595% 0.000000% 0.000000% 2.~~038578~~566565% 60 Days 0.~~716161~~888099% 0.~~023872~~000000% 0.000000% 0.000000% 0.~~740033~~888099% 0.~~586557~~838126% 0.~~014672~~000000% 0.000000% 0.000000% 0.~~601229~~838126% 90 Days 0.~~596801~~304491% 0.~~047744~~050749% 0.~~381953~~126871% 0.000000% 10.~~026498~~482111% 0.~~466243~~182786% 0.~~023862~~079752% 0.~~625831~~200170% 0.000000% 10.~~115936~~462708% 120 Days 0.~~238720~~329866% 0.~~047744~~126871% 0.~~190976~~152246% 0.000000% 0.~~477441~~608982% 0.~~122018~~229048% 0.~~073707~~095000% 0.~~290137~~208991% 0.000000% 0.~~485862~~533039% 150 Days 0.~~143232~~304491% 0.~~047744~~050749% 0.~~262593~~507485% 0.000000% 0.~~453569~~862725% 0.~~058265~~183496% 0.~~019443~~014235% 0.~~343790~~684040% 0.000000% 0.~~421498~~881771% 180+ Days 0.~~167104~~329866% 0.~~047744~~279117% 0.~~143232~~431363% 0.~~000000~~050749% 01.~~358081~~091094% 0.~~116059~~121982% 0.~~084273~~445661% 0.~~190769~~432322% 0.~~000000~~120146% 01.~~391101~~120112% Totals 4.~~034376~~973357% 0.~~286465~~532860% 01.~~978754~~217965% 0.~~000000~~050749% 56.~~299594~~774930% 34.~~312296~~090408% 0.~~291382~~666244% 1.~~450526~~525524% 0.~~000000~~120146% 56.~~054204~~402322%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~247~~267,~~178~~055.8173

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~746051~~729978% Weighted Average Net Coupon 7.~~247826~~231933% Weighted Average Pass-Through Rate 7.~~247826~~231933% Weighted Average Maturity(Stepdown Calculation ) 1 Beginning Scheduled Collateral Loan Count 4,~~296~~068 Number Of Loans Paid In Full ~~107~~127 Ending Scheduled Collateral Loan Count 43,~~189~~941 Beginning Scheduled Collateral Balance ~~691~~649,~~537~~018,~~117~~034.8766 Ending Scheduled Collateral Balance ~~671~~626,~~241~~570,~~151~~789.8758 Ending Actual Collateral Balance at 30-~~Sep~~Nov-2003 ~~671~~626,~~241~~570,~~151~~789.8758 Monthly P &I Constant 54,~~040~~710,~~659~~790.2811 Special Servicing Fee 0.00 Prepayment Penalties ~~480~~526,~~695~~601.1876 Realized Loss Amount 0111,173.0036 Cumulative Realized Loss 0188,844.00 Ending Scheduled Balance for Premium Loans ~~671~~626,~~241~~570,~~151~~789.8758 Scheduled Principal ~~552~~527,~~795~~036.9842 Unscheduled Principal 1921,~~743~~920,~~170~~208.0266 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.0010 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 0111,173.0036 Excess Cash Amount 3,~~621~~378,~~212~~084.6214

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.~~316127~~011455 7.~~524661~~520144 8.~~274948~~137915 Weighted Average Net Rate 8.~~816127~~511455 7.~~024661~~020144 7.~~774947~~637915 Weighted Average Maturity (79) (79) (79) Beginning Loan Count ~~995~~949 1,~~413~~334 ~~579~~548 Loans Paid In Full 2229 3543 1218 Ending Loan Count ~~973~~920 1,~~378~~291 ~~567~~530 Beginning Scheduled Balance 7773,~~561~~512,~~072~~843.4021 ~~261~~245,~~295~~530,~~733~~996.4977 6864,~~887~~874,~~578~~257.9281 Ending scheduled Balance 7570,~~338~~749,~~159~~655.4488 ~~254~~236,~~176~~516,~~501~~743.6625 6762,~~240~~038,~~702~~098.3881 Record Date 0911/30/2003 0911/30/2003 0911/30/2003 Principal And Interest Constant ~~655~~603,~~771~~539.97 1,~~847~~738,~~603~~425.4600 ~~536~~498,~~729~~994.2659 Scheduled Principal 5351,~~631~~491.3088 ~~209~~199,~~135~~734.2856 6159,~~695~~043.0162 Unscheduled Principal 2,~~169~~711,~~281~~695.6645 68,~~910~~814,~~096~~518.5596 12,~~585~~777,~~181~~115.5338 Scheduled Interest ~~602~~552,~~140~~048.6709 1,~~638~~538,~~468~~690.1844 ~~475~~439,~~034~~950.2597 Servicing Fees 3230,~~317~~630.1036 ~~108~~102,~~873~~304.2158 2827,~~703~~030.1792 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 ~~569~~521,~~823~~417.5773 1,~~529~~436,~~594~~385.9786 ~~446~~412,~~331~~920.0805 Realized Loss Amount 0.00 079,880.0022 0.00 Cumulative Realized Loss 0.00 079,880.0022 0.00 Percentage of Cumulative Losses 0.000000 0.000279 0.000000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 8.~~816127~~511455 7.~~024661~~020144 7.~~774948~~637915

Group Level Collateral Statement Group Group B Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.~~493723~~482752 7.~~746051~~729978 Weighted Average Net Rate 6.~~993723~~982752 7.~~247826~~231933 Weighted Average Maturity (79) 1 Beginning Loan Count 1,~~309~~237 4,~~296~~068 Loans Paid In Full 3837 ~~107~~127 Ending Loan Count 1,~~271~~200 43,~~189~~941 Beginning Scheduled Balance ~~283~~265,~~792~~099,~~733~~936.0687 ~~691~~649,~~537~~018,~~117~~034.8766 Ending scheduled Balance ~~274~~257,~~485~~266,~~788~~291.3964 ~~671~~626,~~241~~570,~~151~~789.8758 Record Date 0911/30/2003 0911/30/2003 Principal And Interest Constant 21,~~000~~869,~~554~~830.5955 54,~~040~~710,~~659~~790.2811 Scheduled Principal ~~228~~216,~~334~~766.3936 ~~552~~527,~~795~~036.9842 Unscheduled Principal 97,~~078~~616,~~610~~878.2887 1921,~~743~~920,~~170~~208.0266 Scheduled Interest 1,~~772~~653,~~220~~064.2019 4,~~487~~183,~~863~~753.3069 Servicing Fees ~~118~~110,~~246~~458.9631 ~~288~~270,~~140~~424.4417 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,~~653~~542,~~973~~605.2488 43,~~199~~913,~~722~~329.8652 Realized Loss Amount 031,293.0014 0111,173.0036 Cumulative Realized Loss 0108,963.0078 0188,844.00 Percentage of Cumulative Losses 0.000349 0.000249 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.~~993723~~982752 7.~~247826~~231933

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