8-K 1 ml02afc1_200209.htm MONTHLY DISTRIBUTION STATEMENTS 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: February 5, 2002
(Date of earliest event reported)

Merrill Lynch Mortgage Investors, INC., (as depositor under Pooling and
Servicing Agreement, dated as of February 1, 2002, which forms Mortgage
Loan Asset Backed Certificates, Series 2002-AFC 1)
(Exact name of registrant as specified in charter)

Delaware (State or other jurisdiction of organization)
333-47270 (Commission File No.)
###-##-#### (I.R.S. Employer Identification No.)

World Financial Center, North Tower, New York, New York 10281
(Address of principal executive offices) (Zip Code)

Registrant's Telephone Number, including area code
(212) 449-1000

(Former name or former address, if changed since
last report.)

Item 5. This current report on From 8-K relates to the monthly
distribution reported to the holders of Merrill Lynch Mortgage
Investors, Inc., Asset-Backed Certificates, Series 2002-AFC 1,
which was made on September 25, 2002.

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS

(c) Exhibits

Exhibit No. Description

99.1 Monthly distribution report pursuant to
Section 4.06 of the Pooling and Servicing Agreement
for the distribution on September 25, 2002.

Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be
signed on behalf of the Registrant by the undersigned
thereunto duly authorized.

LASALLE BANK N.A. IN
ITS CAPACITY AS Trustee
UNDER THE POOLING AND
SERVICING AGREEMENT ON
BEHALF OF Merrill Lynch
Mortgage Investors, Inc., REGISTRANT

By:

/s/ Russell Goldenberg
Russell Goldenberg,
Group Senior Vice President

Date: September 25, 2002.

ABN AMRO

LASALLE BANK

N.A.

MERRILL LYNCH MORTGAGE INVESTORS, INC.

STATEMENT DATE:

0809/2625/2002

ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1

PAYMENT DATE:

0809/2625/2002

135 S. LASALLE STREET SUITE 1625

CHICAGO, IL 60603-4159

USA

PRIOR PAYMENT:

0708/2526/2002

NEXT PAYMENT:

0910/25/2002

RECORD DATE:

0708/3130/2002

ABN AMRO ACCT: 67-8946-30-2

ADMINISTRATOR:

REPORTING PACKAGE TABLE OF CONTENTS

ANALYST:

CHRISTOPHER LEWIS (312) 904-7992

~~HUNG~~THOMAS ~~HUYNH~~HELMS (714-) 238-~~6716~~6738

CHRISTOPHER.LEWIS@ABNAMRO.COM

~~HUNG~~THOMAS.~~B.HUYNH~~HELMS@ABNAMRO.COM

PAGE(S)

ISSUE ID:

ML02AFC1

CLOSING DATE:

2/7/2002

STATEMENTS TO CERTIFICATEHOLDERS

PAGE 2-3

CASH RECONCILIATION SUMMARY

PAGE 4-6

FIRST PAYMENT DATE:

2/25/2002

MONTHLY DATA FILE NAME:

BOND INTEREST RECONCILIATION

PAGE 7

ASSUMED FINAL PAYMENT: DATE:

9/25/2032

ML02AFC1_200208_3.ZIP

OTHER RELATED INFORMATION

PAGE 8

ML02AFC1_200209_3.ZIP

OTHER RELATED INFORMATION

PAGE 8

ASSET-BACKED FACTS ~ 15 MONTH LOAN STATUS SUMMARY

PAGE 9-11

ASSET-BACKED FACTS ~ 15 MONTH PAYOFF/LOSS SUMMARY

PAGE 12-14

HISTORICAL REO REPORT

PAGE 15

REALIZED LOSS DETAIL

PAGE 16

PARTIES TO THE TRANSACTION

DEPOSITOR: MERRILL LYNCH MORTGAGE INVESTORS INC.

MASTER SERVICER: FAIRBANKS CAPITAL CORPORATION

RATING AGENCY: STANDARD & POOR'S RATING SERVICES/MOODY'S INVESTORS SERVICE, INC.

INFORMATION IS AVAILABLE FOR THIS ISSUE FROM THE FOLLOWING SOURCES

LASALLE WEB SITE

WWW.ETRUSTEE.NET

LASALLE FACTOR LINE

(800) 246-5761

08/23/2002 - 14:37 (H119-H132) 2002 LASALLE BANK N.A.

PAGE 1 OF 16

09/23/2002 - 15:09 (H119-H132) 2002 LASALLE BANK N.A.

PAGE 1 OF 16

	ABN AMRO
	LASALLE BANK		N.A.
MERRILL LYNCH MORTGAGE INVESTORS, INC.
										ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1																										STATEMENT DATE:									0809/2625/2002
																																				PAYMENT DATE:						0809/2625/2002
WAC:						1110.~~759319~~686984%																														PRIOR PAYMENT:							0708/2526/2002
																																				NEXT PAYMENT:								0910/25/2002
WAMM:						~~260~~258
																																				RECORD DATE:									0708/3130/2002
CURRENT INDEX:						1.~~836880~~810000%
NEXT INDEX:						1.~~810000~~813750%				REMIC III
										ABN AMRO ACCT: 67-8946-30-2
									ORIGINAL							OPENING		PRINCIPAL			PRINCIPAL			NEGATIVE				CLOSING					INTEREST			INTEREST				PASS-THROUGH
				CLASS				FACE VALUE (1)								BALANCE		PAYMENT			ADJ. OR LOSS			AMORTIZATION				BALANCE					PAYMENT (2)			ADJUSTMENT				RATE
			CUSIP												PER $ 1000				PER $ 1000			PER $ 1000			PER $ 1000				PER $ 1000					PER $ 1000		PER $ 1000		NEXT RATE(3)
	AF-1						166,000,000.00					~~107~~97,~~322~~081,~~514~~808.2797					109,~~240~~335,~~705~~524.3053			0.00			0.00				9787,~~081~~746,~~808~~284.9744				~~191~~165,~~014~~039.0408				0.00				2.~~06688000~~04000000%
	589929XU7													~~646~~584.~~521170301~~830174518			6156.~~690995783~~238099578			0.000000000			0.000000000				~~584~~528.~~830174518~~592074940					10.~~150686988~~994211325			0.000000000						2.~~040000000~~043750000%
	AF-2						82,000,000.00					82,000,000.00					0.00			0.00			0.00				82,000,000.00				356,700.00				0.00				5.22000000%
	589929XV5													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					4.350000000			0.000000000						N/A
	AF-3						45,143,000.00					45,143,000.00					0.00			0.00			0.00				45,143,000.00				246,405.54				0.00				6.55000000%
	589929XW3													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.458333296			0.000000000						N/A
	AF-IO						73,600,000.00				N	65,200,000.00					0.00			0.00			0.00				65,200,000.00				364,033.33				0.00				6.70000000%
	589929XX1													885.869565217			0.000000000			0.000000000			0.000000000				885.869565217					4.946105027			0.000000000						N/A
	MF-1						25,614,000.00					25,614,000.00					0.00			0.00			0.00				25,614,000.00				140,450.10				0.00				6.58000000%
	589929XY9													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.483333333			0.000000000						N/A
	MF-2						19,922,000.00					19,922,000.00					0.00			0.00			0.00				19,922,000.00				121,524.20				0.00				7.32000000%
	589929XZ6													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					6.100000000			0.000000000						N/A
	BF-1						20,871,000.00					20,871,000.00					0.00			0.00			0.00				20,871,000.00				137,748.60				0.00				7.92000000%
	589929YA0													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					6.600000000			0.000000000						N/A
	AV-1						146,727,000.00					~~114~~108,~~205~~498,~~938~~313.0753					54,~~707~~493,~~624~~321.5464			0.00			0.00				~~108~~104,~~498~~004,~~313~~991.5389				~~217~~197,~~033~~105.4127				0.00				2.~~20688000~~18000000%
	589929YB8													~~778~~739.~~356662850~~457042876			3830.~~899619975~~623686438			0.000000000			0.000000000				~~739~~708.~~457042876~~833356437					1.~~479164775~~343346964			0.000000000						2.~~180000000~~183750000%
	AV-IO						37,000,000.00				N	31,400,000.00					0.00			0.00			0.00				31,400,000.00				130,833.33				0.00				5.00000000%
	589929YC6													848.648648649			0.000000000			0.000000000			0.000000000				848.648648649					3.536035946			0.000000000						N/A
	MV-1						13,695,000.00					13,695,000.00					0.00			0.00			0.00				13,695,000.00				3332,~~455~~069.0913				0.00				2.~~83688000~~81000000%
	589929YD4													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					2.~~442868930~~341667032			0.000000000						2.~~810000000~~813750000%
	MV-2						14,184,000.00					14,184,000.00					0.00			0.00			0.00				14,184,000.00				4442,~~420~~670.8520				0.00				3.~~63688000~~61000000%
	589929YE2													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					3.~~131757614~~008333333			0.000000000						3.~~610000000~~613750000%
	BV-1						9,293,000.00					9,293,000.00					0.00			0.00			0.00				9,293,000.00				3331,~~104~~828.5853				0.00				4.~~13688000~~11000000%
	589929YF9													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					3.~~562313569~~425000538			0.000000000						4.~~110000000~~113750000%
	C						571,972,863.34				N	~~483~~467,~~720~~705,~~342~~289.2124					0.00			0.00			0.00				~~467~~453,~~705~~837,~~289~~097.2488				2,~~543~~411,~~923~~427.4497				(2592,~~957~~680.0618)				6.~~37528822~~42483599%
	9ABSH131													~~845~~817.~~705055630~~705382925			0.000000000			0.000000000			0.000000000				~~817~~793.~~705382925~~459142851					4.~~447629605~~215983178			(0.~~045381629~~162035974)						~~N/A~~-0.089331049%
	R						0.00					0.00					0.00			0.00			0.00				0.00				0.00				0.00				N/A
	9ABSH132													0.000000000			0.000000000			0.000000000			0.000000000				0.000000000					0.000000000			0.000000000
	RI						0.00					0.00					0.00			0.00			0.00				0.00				0.00				0.00				N/A
	9ABSH150													0.000000000			0.000000000			0.000000000			0.000000000				0.000000000					0.000000000			0.000000000
	RII						0.00					0.00					0.00			0.00			0.00				0.00				0.00				0.00				N/A
	9ABSH151													0.000000000			0.000000000			0.000000000			0.000000000				0.000000000					0.000000000			0.000000000
		TOTAL			543,449,000.00								~~452~~436,~~250~~302,~~452~~122.3450				1513,~~948~~828,~~329~~846.8417			0.00			0.00				~~436~~422,~~302~~473,~~122~~276.5033				4,~~560~~377,~~646~~835.5128				(2592,~~957~~680.0618)
																										TOTAL P&I PAYMENT				2018,~~508~~206,~~976~~681.3545
NOTES: (1) N DENOTES NOTIONAL BALANCE NOT INCLUDED IN TOTAL (2) ACCRUED INTEREST PLUS/MINUS INTEREST ADJUSTMENT MINUS DEFERRED INTEREST EQUALS INTEREST PAYMENT (3) ESTIMATED. * DENOTES CONTROLLING CLASS
08/23/2002 - 14:37 (H119-H132) 2002 LASALLE BANK N.A.																																					PAGE 2 OF 16
09/23/2002 - 15:09 (H119-H132) 2002 LASALLE BANK N.A.																																					PAGE 2 OF 16

		ABN AMRO
		LASALLE BANK	N.A.
	MERRILL LYNCH MORTGAGE INVESTORS, INC.	~~MERRILL LYNCH MORTGAGE INVESTORS, INC.~~
	ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1	~~ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1~~																																															STATEMENT DATE:					~~STATEMENT DATE:~~	09/25/2002			~~08/26/2002~~
																																																					PAYMENT DATE:								~~PAYMENT DATE:~~		~~08/26/2002~~	09/25/2002
																																																					PRIOR PAYMENT:								~~PRIOR PAYMENT:~~			0708/2526/2002
																																																					NEXT PAYMENT:								~~NEXT PAYMENT:~~			10/25/2002	~~09/25/2002~~
																																																					RECORD DATE:								~~RECORD DATE:~~			08/30/2002		~~07/31/2002~~
						ABN AMRO ACCT: 67-8946-30-2	~~ABN AMRO ACCT: 67-8946-30-2~~
CASH RECONCILIATION SUMMARY
				INTEREST SUMMARY	~~INTEREST SUMMARY~~													~~SERVICING FEE SUMMARY~~				PRINCIPAL SUMMARY																										~~PRINCIPAL~~SERVICING FEE SUMMARY
				CURRENT SCHEDULED INTEREST	~~CURRENT SCHEDULED INTEREST~~					~~566,039.95~~	3,443,339.46							~~CURRENT SERVICING FEES~~		SCHEDULED PRINCIPAL:													~~4,880.85~~															~~SCHEDULED:~~
				LESS DEFERRED INTEREST	~~LESS DEFERRED INTEREST~~					~~0.00~~	0.00							~~PLUS FEES ADVANCED FOR PPIS~~		CURRENT SCHEDULED PRINCIPAL										448,183.99			~~0.00~~										CURRENT SERVICING FEES					~~CURRENT SCHEDULED PRINCIPAL~~					122,417.93								~~433,992.03~~
					PLUS ADVANCE INTEREST					4,174,144.84								LESS REDUCTION FOR PPIS															0.00															ADVANCED SCHEDULED PRINCIPAL													0.00
				LESS PPIS REDUCING SCHEDULED INT							0.00																																PLUS FEES ADVANCED FOR PPIS										0.00
					PLUS UNSCHEDULED INTEREST					0.00								PLUS DELINQUENT SERVICING FEES																	146,281.76													SCHEDULED PRINCIPAL DISTRIBUTION													433,992.03
																				ADVANCED SCHEDULED PRINCIPAL										0.00													LESS REDUCTION FOR PPIS										0.00
					PPIS REDUCING SCHEDULED INTEREST					0.00								TOTAL SERVICING FEES															151,162.61															UNSCHEDULED:
				PLUS GROSS ADVANCE INTEREST							721,959.76									SCHEDULED PRINCIPAL													448,183.99
					LESS TOTAL FEES PAID TO SERVICER					(151,162.61)																																						CURTAILMENTS													7,066.88
				LESS ASER INTEREST ADV REDUCTION										0.00																													PLUS DELINQUENT SERVICING FEES										23,739.98
					PLUS FEES ADVANCED FOR PPIS					0.00																																						PREPAYMENTS IN FULL													15,481,313.87
				LESS OTHER INTEREST NOT ADVANCED							0.00									UNSCHEDULED PRINCIPAL:
					LESS FEE STRIPS PAID BY SERVICER					0.00								PPIS SUMMARY																														LIQUIDATION PROCEEDS													0.00
				LESS OTHER ADJUSTMENT							0.00									CURTAILMENTS										(6,741.33)														TOTAL SERVICING FEES										146,157.90
					LESS MISC. FEES & EXPENSES					0.00								GROSS PPIS															0.00															REPURCHASE PROCEEDS													0.00
																				PREPAYMENTS IN FULL										13,294,723.33
					LESS NON RECOVERABLE ADVANCES					0.00									REDUCED BY PPIE														0.00															OTHER PRINCIPAL PROCEEDS													0.00
				TOTAL							4,165,299.22
					INTEREST DUE TRUST					4,589,022.18									REDUCED BY SHORTFALLS IN FEES														0.00															UNSCHEDULED PRINCIPAL DISTRIBUTION													15,488,380.75
				UNSCHEDULED INTEREST:																LIQUIDATION PROCEEDS										0.00
					LESS TRUSTEE FEE					(2,418.60)									REDUCED BY OTHER AMOUNTS														0.00															REMITTANCE PRINCIPAL													15,922,372.78
																				REPURCHASE PROCEEDS										0.00
					LESS FEE STRIPS PAID BY TRUST					0.00									NET PPIS														0.00
				PREPAYMENT PENALTIES							453,712.66
					LESS MISC. FEES PAID BY TRUST					0.00								PPIS REDUCING SERVICING FEE															0.00															SERVICER WIRE AMOUNT													20,511,394.96
				YIELD MAINTENANCE PENALTIES							0.00									OTHER PRINCIPAL PROCEEDS										0.00
					LESS INTEREST RESERVE WITHHOLDING								0.00					PPIS ALLOCATED TO CERTIFICATES															0.00
				OTHER INTEREST PROCEEDS							0.00									TOTAL UNSCHEDULED PRINCIPAL														13,287,982.00
					PLUS INTEREST RESERVE DEPOSIT							0.00
				TOTAL							453,712.66									REMITTANCE PRINCIPAL										13,736,165.99
					REMITTANCE INTEREST					4,586,603.58										POOL BALANCE SUMMARY
				LESS FEE PAID TO SERVICER							(146,157.90)										REMITTANCE P&I DUE TRUST											18,209,019.97
																																			BALANCE/AMOUNT					COUNT
				LESS FEE STRIPS PAID BY SERVICER							0.00
																		BEGINNING POOL															483,720,342.21									7,589
																					REMITTANCE P&I DUE CERTS										18,206,681.44
																		SCHEDULED PRINCIPAL DISTRIBUTION															433,992.03
				LESS FEES & EXPENSES PAID BY/TO SERVICER																																											PPIS SUMMARY
																		UNSCHEDULED PRINCIPAL DISTRIBUTION											15,488,380.75																	237
				SPECIAL SERVICING FEES								0.00											POOL BALANCE SUMMARY
																		DEFERRED INTEREST											0.00
				WORKOUT FEES							0.00																BALANCE											COUNT					GROSS PPIS										0.00
																		LIQUIDATIONS											0.00																		0
				LIQUIDATION FEES							0.00
																		REPURCHASES											0.00															0
																				BEGINNING POOL					467,705,289.25												7,353						REDUCED BY PPIE										0.00
																		ENDING POOL											467,705,289.24												7,352
				INTEREST DUE SERV ON ADVANCES							0.00									SCHEDULED PRINCIPAL					448,183.99																		REDUCED BY SHORTFALLS IN FEES										0.00
								ADVANCES
				NON RECOVERABLE ADVANCES							0.00									UNSCHEDULED PRINCIPAL					13,287,982.00											215							REDUCED BY OTHER AMOUNTS										0.00
									PRIOR OUTSTANDING									CURRENT PERIOD													RECOVERED																	ENDING OUTSTANDING
				MISC. FEES & EXPENSES							0.00									DEFERRED INTEREST					0.00
										PRINCIPAL						INTEREST					PRINCIPAL				INTEREST											PRINCIPAL			INTEREST													PRINCIPAL			INTEREST
																				LIQUIDATIONS					0.00											0							PPIS REDUCING SCHEDULED INTEREST										0.00
			MADE BY: SERVICER				0.00								5,002,863.41		0.00							4,174,144.84				0.00										3,555,922.15										0.00					5,621,086.11
																																											PPIS REDUCING SERVICING FEE										0.00
	08/23/2002 - 14:37 (H119-H132) 2002 LASALLE BANK N.A.																																																													PAGE 4 OF 16
				TOTAL UNSCHEDULED FEES & EXPENSES							0.00									REPURCHASES					0.00											0
				TOTAL INTEREST DUE TRUST							4,472,853.98									ENDING POOL						453,837,097.88										7,137								PPIS DUE CERTIFICATE										0.00
				LESS FEES & EXPENSES PAID BY/TO TRUST																																										ADVANCE SUMMARY (ADVANCE MADE BY SERVICER)
																																																			PRINCIPAL					INTEREST
				TRUSTEE FEE							(2,338.53)
				FEE STRIPS							0.00																																		PRIOR OUTSTANDING					0.00										5,613,210.01
				MISC. FEES							0.00
				INTEREST RESERVE WITHHOLDING							0.00																																		PLUS CURRENT PERIOD					0.00								721,959.76
				PLUS INTEREST RESERVE DEPOSIT							0.00																																		LESS RECOVERED					0.00									(5,430,941.05)
				TOTAL									(2,338.53)																																LESS NON RECOVERED					0.00									0.00
																																													ENDING OUTSTANDING					0.00							904,228.72
				TOTAL INTEREST DUE CERTS							4,470,515.45
		09/23/2002 - 15:09 (H119-H132) 2002 LASALLE BANK N.A.																																																					PAGE 4 OF 16

		ABN AMRO
		LASALLE BANK	N.A.
	MERRILL LYNCH MORTGAGE INVESTORS, INC.	~~MERRILL LYNCH MORTGAGE INVESTORS, INC.~~
	ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1	~~ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1~~																																															STATEMENT DATE:					~~STATEMENT DATE:~~	09/25/2002			~~08/26/2002~~
																																																					PAYMENT DATE:								~~PAYMENT DATE:~~		~~08/26/2002~~	09/25/2002
																																																					PRIOR PAYMENT:								~~PRIOR PAYMENT:~~			0708/2526/2002
																																																					NEXT PAYMENT:								~~NEXT PAYMENT:~~			10/25/2002	~~09/25/2002~~
																																																					RECORD DATE:								~~RECORD DATE:~~			08/30/2002		~~07/31/2002~~
						ABN AMRO ACCT: 67-8946-30-2	~~ABN AMRO ACCT: 67-8946-30-2~~
CASH RECONCILIATION SUMMARY LOAN GROUP 1
				INTEREST SUMMARY	~~INTEREST SUMMARY~~													~~SERVICING FEE SUMMARY~~				PRINCIPAL SUMMARY																										~~PRINCIPAL~~SERVICING FEE SUMMARY
				CURRENT SCHEDULED INTEREST	~~CURRENT SCHEDULED INTEREST~~					~~394,010.98~~	2,295,742.23							~~CURRENT SERVICING FEES~~		SCHEDULED PRINCIPAL:													~~3,120.58~~															~~SCHEDULED:~~
				LESS DEFERRED INTEREST	~~LESS DEFERRED INTEREST~~					~~0.00~~	0.00							~~PLUS FEES ADVANCED FOR PPIS~~		CURRENT SCHEDULED PRINCIPAL										403,885.38			~~0.00~~										CURRENT SERVICING FEES					~~CURRENT SCHEDULED PRINCIPAL~~					80,734.09								~~358,842.35~~
					PLUS ADVANCE INTEREST					2,804,645.58								LESS REDUCTION FOR PPIS															0.00															ADVANCED SCHEDULED PRINCIPAL													0.00
				LESS PPIS REDUCING SCHEDULED INT							0.00																																PLUS FEES ADVANCED FOR PPIS										0.00
					PLUS UNSCHEDULED INTEREST					0.00								PLUS DELINQUENT SERVICING FEES																	97,068.24													SCHEDULED PRINCIPAL DISTRIBUTION													358,842.35
																				ADVANCED SCHEDULED PRINCIPAL										0.00													LESS REDUCTION FOR PPIS										0.00
					PPIS REDUCING SCHEDULED INTEREST					0.00								TOTAL SERVICING FEES															100,188.82															UNSCHEDULED:
				PLUS GROSS ADVANCE INTEREST							503,132.55									SCHEDULED PRINCIPAL													403,885.38
					LESS TOTAL FEES PAID TO SERVICER					(100,188.82)																																						CURTAILMENTS													0.00
				LESS ASER INTEREST ADV REDUCTION										0.00																													PLUS DELINQUENT SERVICING FEES										16,234.53
					PLUS FEES ADVANCED FOR PPIS					0.00																																						PREPAYMENTS IN FULL													9,855,905.89
				LESS OTHER INTEREST NOT ADVANCED							0.00									UNSCHEDULED PRINCIPAL:
					LESS FEE STRIPS PAID BY SERVICER					0.00								PPIS SUMMARY																														LIQUIDATION PROCEEDS													0.00
				LESS OTHER ADJUSTMENT							0.00									CURTAILMENTS										(13,809.14)														TOTAL SERVICING FEES										96,968.62
					LESS MISC. FEES & EXPENSES					0.00								GROSS PPIS															0.00															REPURCHASE PROCEEDS													0.00
																				PREPAYMENTS IN FULL										8,855,557.10
					LESS NON RECOVERABLE ADVANCES					0.00									REDUCED BY PPIE														0.00															OTHER PRINCIPAL PROCEEDS													0.00
				TOTAL							2,798,874.78
					INTEREST DUE TRUST					3,098,467.74									REDUCED BY SHORTFALLS IN FEES														0.00															UNSCHEDULED PRINCIPAL DISTRIBUTION													9,855,905.89
				UNSCHEDULED INTEREST:																LIQUIDATION PROCEEDS										0.00
					LESS TRUSTEE FEE					(1,603.02)									REDUCED BY OTHER AMOUNTS														0.00															REMITTANCE PRINCIPAL													10,214,748.24
																				REPURCHASE PROCEEDS										0.00
					LESS FEE STRIPS PAID BY TRUST					0.00									NET PPIS														0.00
				PREPAYMENT PENALTIES							295,614.06
					LESS MISC. FEES PAID BY TRUST					0.00								PPIS REDUCING SERVICING FEE															0.00															SERVICER WIRE AMOUNT													13,313,215.98
				YIELD MAINTENANCE PENALTIES							0.00									OTHER PRINCIPAL PROCEEDS										0.00
					LESS INTEREST RESERVE WITHHOLDING								0.00					PPIS ALLOCATED TO CERTIFICATES															0.00
				OTHER INTEREST PROCEEDS							0.00									TOTAL UNSCHEDULED PRINCIPAL														8,841,747.96
					PLUS INTEREST RESERVE DEPOSIT							0.00
				TOTAL							295,614.06									REMITTANCE PRINCIPAL										9,245,633.34
					REMITTANCE INTEREST					3,096,864.72										POOL BALANCE SUMMARY
				LESS FEE PAID TO SERVICER							(96,968.62)										REMITTANCE P&I DUE TRUST											12,243,153.56
																																			BALANCE/AMOUNT					COUNT
				LESS FEE STRIPS PAID BY SERVICER							0.00
																		BEGINNING POOL															320,604,231.26									5,813
																					REMITTANCE P&I DUE CERTS										12,241,602.06
																		SCHEDULED PRINCIPAL DISTRIBUTION															358,842.35
				LESS FEES & EXPENSES PAID BY/TO SERVICER																																											PPIS SUMMARY
																		UNSCHEDULED PRINCIPAL DISTRIBUTION											9,855,905.89																	178
				SPECIAL SERVICING FEES								0.00											POOL BALANCE SUMMARY
																		DEFERRED INTEREST											0.00
				WORKOUT FEES							0.00																BALANCE											COUNT					GROSS PPIS										0.00
																		LIQUIDATIONS											0.00																		0
				LIQUIDATION FEES							0.00
																		REPURCHASES											0.00															0
																				BEGINNING POOL					310,299,591.83												5,636						REDUCED BY PPIE										0.00
																		ENDING POOL											310,299,591.82												5,635
				INTEREST DUE SERV ON ADVANCES							0.00									SCHEDULED PRINCIPAL					403,885.38																		REDUCED BY SHORTFALLS IN FEES										0.00
								ADVANCES
				NON RECOVERABLE ADVANCES							0.00									UNSCHEDULED PRINCIPAL					8,841,747.95											168							REDUCED BY OTHER AMOUNTS										0.00
									PRIOR OUTSTANDING									CURRENT PERIOD													RECOVERED																	ENDING OUTSTANDING
				MISC. FEES & EXPENSES							0.00									DEFERRED INTEREST					0.00
										PRINCIPAL						INTEREST					PRINCIPAL				INTEREST											PRINCIPAL			INTEREST													PRINCIPAL			INTEREST
																				LIQUIDATIONS					0.00											0							PPIS REDUCING SCHEDULED INTEREST										0.00
			MADE BY: SERVICER				0.00								3,650,519.62		0.00							2,804,645.58				0.00										2,554,110.80										0.00					3,901,054.41
																																											PPIS REDUCING SERVICING FEE										0.00
	08/23/2002 - 14:37 (H119-H132) 2002 LASALLE BANK N.A.																																																													PAGE 5 OF 16
				TOTAL UNSCHEDULED FEES & EXPENSES							0.00									REPURCHASES					0.00											0
				TOTAL INTEREST DUE TRUST							2,997,520.22									ENDING POOL						300,921,933.11										5,467								PPIS DUE CERTIFICATE										0.00
				LESS FEES & EXPENSES PAID BY/TO TRUST																																										ADVANCE SUMMARY (ADVANCE MADE BY SERVICER)
																																																			PRINCIPAL					INTEREST
				TRUSTEE FEE							(1,551.50)
				FEE STRIPS							0.00																																		PRIOR OUTSTANDING					0.00										3,893,178.31
				MISC. FEES							0.00
				INTEREST RESERVE WITHHOLDING							0.00																																		PLUS CURRENT PERIOD					0.00								503,132.55
				PLUS INTEREST RESERVE DEPOSIT							0.00																																		LESS RECOVERED					0.00									(3,907,236.26)
				TOTAL									(1,551.50)																																LESS NON RECOVERED					0.00									0.00
																																													ENDING OUTSTANDING					0.00							489,074.60
				TOTAL INTEREST DUE CERTS							2,995,968.72
		09/23/2002 - 15:09 (H119-H132) 2002 LASALLE BANK N.A.																																																					PAGE 5 OF 16

		ABN AMRO
		LASALLE BANK	N.A.
	MERRILL LYNCH MORTGAGE INVESTORS, INC.	~~MERRILL LYNCH MORTGAGE INVESTORS, INC.~~
	ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1	~~ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1~~																																															STATEMENT DATE:					~~STATEMENT DATE:~~	09/25/2002			~~08/26/2002~~
																																																					PAYMENT DATE:								~~PAYMENT DATE:~~		~~08/26/2002~~	09/25/2002
																																																					PRIOR PAYMENT:								~~PRIOR PAYMENT:~~			0708/2526/2002
																																																					NEXT PAYMENT:								~~NEXT PAYMENT:~~			10/25/2002	~~09/25/2002~~
																																																					RECORD DATE:								~~RECORD DATE:~~			08/30/2002		~~07/31/2002~~
						ABN AMRO ACCT: 67-8946-30-2	~~ABN AMRO ACCT: 67-8946-30-2~~
CASH RECONCILIATION SUMMARY LOAN GROUP 2
				INTEREST SUMMARY	~~INTEREST SUMMARY~~													~~SERVICING FEE SUMMARY~~				PRINCIPAL SUMMARY																										~~PRINCIPAL~~SERVICING FEE SUMMARY
				CURRENT SCHEDULED INTEREST	~~CURRENT SCHEDULED INTEREST~~					~~172,028.97~~	1,147,597.23							~~CURRENT SERVICING FEES~~		SCHEDULED PRINCIPAL:													~~1,760.27~~															~~SCHEDULED:~~
				LESS DEFERRED INTEREST	~~LESS DEFERRED INTEREST~~					~~0.00~~	0.00							~~PLUS FEES ADVANCED FOR PPIS~~		CURRENT SCHEDULED PRINCIPAL										74,298.61			~~0.00~~										CURRENT SERVICING FEES					~~CURRENT SCHEDULED PRINCIPAL~~					41,683.84								~~75,149.68~~
					PLUS ADVANCE INTEREST					1,369,499.26								LESS REDUCTION FOR PPIS															0.00															ADVANCED SCHEDULED PRINCIPAL													0.00
				LESS PPIS REDUCING SCHEDULED INT							0.00																																PLUS FEES ADVANCED FOR PPIS										0.00
					PLUS UNSCHEDULED INTEREST					0.00								PLUS DELINQUENT SERVICING FEES																	49,213.51													SCHEDULED PRINCIPAL DISTRIBUTION													75,149.68
																				ADVANCED SCHEDULED PRINCIPAL										0.00													LESS REDUCTION FOR PPIS										0.00
					PPIS REDUCING SCHEDULED INTEREST					0.00								TOTAL SERVICING FEES															50,973.78															UNSCHEDULED:
				PLUS GROSS ADVANCE INTEREST							218,827.21									SCHEDULED PRINCIPAL													74,298.61
					LESS TOTAL FEES PAID TO SERVICER					(50,973.78)																																						CURTAILMENTS													7,066.88
				LESS ASER INTEREST ADV REDUCTION										0.00																													PLUS DELINQUENT SERVICING FEES										7,505.45
					PLUS FEES ADVANCED FOR PPIS					0.00																																						PREPAYMENTS IN FULL													5,625,407.98
				LESS OTHER INTEREST NOT ADVANCED							0.00									UNSCHEDULED PRINCIPAL:
					LESS FEE STRIPS PAID BY SERVICER					0.00								PPIS SUMMARY																														LIQUIDATION PROCEEDS													0.00
				LESS OTHER ADJUSTMENT							0.00									CURTAILMENTS										7,067.81														TOTAL SERVICING FEES										49,189.28
					LESS MISC. FEES & EXPENSES					0.00								GROSS PPIS															0.00															REPURCHASE PROCEEDS													0.00
																				PREPAYMENTS IN FULL										4,409,166.23
					LESS NON RECOVERABLE ADVANCES					0.00									REDUCED BY PPIE														0.00															OTHER PRINCIPAL PROCEEDS													0.00
				TOTAL							1,366,424.44
					INTEREST DUE TRUST					1,490,554.45									REDUCED BY SHORTFALLS IN FEES														0.00															UNSCHEDULED PRINCIPAL DISTRIBUTION													5,632,474.86
				UNSCHEDULED INTEREST:																LIQUIDATION PROCEEDS										0.00
					LESS TRUSTEE FEE					(815.58)									REDUCED BY OTHER AMOUNTS														0.00															REMITTANCE PRINCIPAL													5,707,624.54
																				REPURCHASE PROCEEDS										0.00
					LESS FEE STRIPS PAID BY TRUST					0.00									NET PPIS														0.00
				PREPAYMENT PENALTIES							158,098.60
					LESS MISC. FEES PAID BY TRUST					0.00								PPIS REDUCING SERVICING FEE															0.00															SERVICER WIRE AMOUNT													7,198,178.99
				YIELD MAINTENANCE PENALTIES							0.00									OTHER PRINCIPAL PROCEEDS										0.00
					LESS INTEREST RESERVE WITHHOLDING								0.00					PPIS ALLOCATED TO CERTIFICATES															0.00
				OTHER INTEREST PROCEEDS							0.00									TOTAL UNSCHEDULED PRINCIPAL														4,416,234.04
					PLUS INTEREST RESERVE DEPOSIT							0.00
				TOTAL							158,098.60									REMITTANCE PRINCIPAL										4,490,532.65
					REMITTANCE INTEREST					1,489,738.86										POOL BALANCE SUMMARY
				LESS FEE PAID TO SERVICER							(49,189.28)										REMITTANCE P&I DUE TRUST											5,965,866.41
																																			BALANCE/AMOUNT					COUNT
				LESS FEE STRIPS PAID BY SERVICER							0.00
																		BEGINNING POOL															163,116,110.95									1,776
																					REMITTANCE P&I DUE CERTS										5,965,079.38
																		SCHEDULED PRINCIPAL DISTRIBUTION															75,149.68
				LESS FEES & EXPENSES PAID BY/TO SERVICER																																											PPIS SUMMARY
																		UNSCHEDULED PRINCIPAL DISTRIBUTION											5,632,474.86																	59
				SPECIAL SERVICING FEES								0.00											POOL BALANCE SUMMARY
																		DEFERRED INTEREST											0.00
				WORKOUT FEES							0.00																BALANCE											COUNT					GROSS PPIS										0.00
																		LIQUIDATIONS											0.00																		0
				LIQUIDATION FEES							0.00
																		REPURCHASES											0.00															0
																				BEGINNING POOL					157,405,697.42												1,717						REDUCED BY PPIE										0.00
																		ENDING POOL											157,405,697.42												1,717
				INTEREST DUE SERV ON ADVANCES							0.00									SCHEDULED PRINCIPAL					74,298.61																		REDUCED BY SHORTFALLS IN FEES										0.00
								ADVANCES
				NON RECOVERABLE ADVANCES							0.00									UNSCHEDULED PRINCIPAL					4,416,234.04											47							REDUCED BY OTHER AMOUNTS										0.00
									PRIOR OUTSTANDING									CURRENT PERIOD													RECOVERED																	ENDING OUTSTANDING
				MISC. FEES & EXPENSES							0.00									DEFERRED INTEREST					0.00
										PRINCIPAL						INTEREST					PRINCIPAL				INTEREST											PRINCIPAL			INTEREST													PRINCIPAL			INTEREST
																				LIQUIDATIONS					0.00											0							PPIS REDUCING SCHEDULED INTEREST										0.00
			MADE BY: SERVICER				0.00								1,408,492.01		0.00							1,369,499.26				0.00										1,001,811.35										0.00					1,776,179.92
																																											PPIS REDUCING SERVICING FEE										0.00
	08/23/2002 - 14:37 (H119-H132) 2002 LASALLE BANK N.A.																																																													PAGE 6 OF 16
				TOTAL UNSCHEDULED FEES & EXPENSES							0.00									REPURCHASES					0.00											0
				TOTAL INTEREST DUE TRUST							1,475,333.76									ENDING POOL						152,915,164.77										1,670								PPIS DUE CERTIFICATE										0.00
				LESS FEES & EXPENSES PAID BY/TO TRUST																																										ADVANCE SUMMARY (ADVANCE MADE BY SERVICER)
																																																			PRINCIPAL					INTEREST
				TRUSTEE FEE							(787.03)
				FEE STRIPS							0.00																																		PRIOR OUTSTANDING					0.00										1,776,179.92
				MISC. FEES							0.00
				INTEREST RESERVE WITHHOLDING							0.00																																		PLUS CURRENT PERIOD					0.00								218,827.21
				PLUS INTEREST RESERVE DEPOSIT							0.00																																		LESS RECOVERED					0.00									(1,523,704.79)
				TOTAL									(787.03)																																LESS NON RECOVERED					0.00									0.00
																																													ENDING OUTSTANDING					0.00							471,302.34
				TOTAL INTEREST DUE CERTS							1,474,546.73
		09/23/2002 - 15:09 (H119-H132) 2002 LASALLE BANK N.A.																																																					PAGE 6 OF 16

	ABN AMRO
	LASALLE BANK	N.A.
					MERRILL LYNCH MORTGAGE INVESTORS, INC.
																		ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1																																																								STATEMENT DATE:	~~STATEMENT DATE:~~						09/25/2002	~~08/26/2002~~
																																																																										PAYMENT DATE:	~~PAYMENT DATE:~~						09/25/2002	~~08/26/2002~~
																																																																									PRIOR PAYMENT:	~~PRIOR PAYMENT:~~								08/26/2002	~~07/25/2002~~
																																																																									NEXT PAYMENT:	~~NEXT PAYMENT:~~									10/25/2002	~~09/25/2002~~
																																																																									RECORD DATE:	~~RECORD DATE:~~										08/30/2002	~~07/31/2002~~
																		ABN AMRO ACCT: 67-8946-30-2
																		BOND INTEREST RECONCILIATION
																											DEDUCTIONS																		ADDITIONS
																																																																				REMAINING	~~REMAINING~~
										ACCRUAL					PASS								ACCRUED
DEFERRED &
						PRIOR							PREPAY-	~~PREPAY-~~				OTHER	~~OTHER~~	DISTRIBUTABLE	~~DISTRIBUTABLE~~							INTEREST	~~INTEREST~~			CURRENT PERIOD	~~CURRENT PERIOD~~	OUTSTANDING	~~OUTSTANDING~~
																																																																															CREDIT SUPPORT	~~CREDIT SUPPORT~~
																THRU									CERTIFICATE							ALLOCABLE					ACCRETION			INTEREST		INT. SHORT-							MENT	~~MENT~~						INTEREST	~~INTEREST~~		CERTIFICATE	~~CERTIFICATE~~				PAYMENT	~~PAYMENT~~		(SHORTFALL)/	~~(SHORTFALL)/~~				INTEREST	~~INTEREST~~
			CLASS				METHOD DAYS										RATE							INTEREST							PPIS					INTEREST			LOSS/EXP					FALLS DUE (3)				PENALTIES	~~PENALTIES~~					PROCEEDS (1)	~~PROCEEDS (1)~~
INTEREST (2)
				AMOUNT				RECOVERY				SHORTFALLS					ORIGINAL									CURRENT(4)
		AF-1							ACT/360		3130	2.~~066880000~~040000000%									~~191~~165,~~014~~039.0408									0.00					0.00			0.00					0.00			0.00					0.00	~~0.00~~						165,039.08	~~191,014.04~~			165,039.08	~~191,014.04~~			0.00	~~0.00~~			0.00	~~0.00~~						NA	NA								NA	NA
		AF-2							30/360		30	5.220000000%									356,700.00									0.00					0.00			0.00					0.00			0.00					0.00	~~0.00~~						356,700.00	~~356,700.00~~			356,700.00	~~356,700.00~~			0.00	~~0.00~~			0.00	~~0.00~~						NA	NA								NA	NA
		AF-3							30/360		30	6.550000000%									246,405.54									0.00					0.00			0.00					0.00			0.00					0.00	~~0.00~~						246,405.54	~~246,405.54~~			246,405.54	~~246,405.54~~			0.00	~~0.00~~			0.00	~~0.00~~						NA	NA								NA	NA
		AF-IO							30/360		30	6.700000000%									364,033.33									0.00					0.00			0.00					0.00			0.00					0.00	~~0.00~~						364,033.33	~~364,033.33~~			364,033.33	~~364,033.33~~			0.00	~~0.00~~			0.00	~~0.00~~						NA	NA								NA	NA
		MF-1							30/360		30	6.580000000%									140,450.10									0.00					0.00			0.00					0.00			0.00					0.00	~~0.00~~						140,450.10	~~140,450.10~~			140,450.10	~~140,450.10~~			0.00	~~0.00~~			0.00	~~0.00~~						NA	NA								NA	NA
		MF-2							30/360		30	7.320000000%									121,524.20									0.00					0.00			0.00					0.00			0.00					0.00	~~0.00~~						121,524.20	~~121,524.20~~			121,524.20	~~121,524.20~~			0.00	~~0.00~~			0.00	~~0.00~~						NA	NA								NA	NA
		BF-1							30/360		30	7.920000000%									137,748.60									0.00					0.00			0.00					0.00			0.00					0.00	~~0.00~~						137,748.60	~~137,748.60~~			137,748.60	~~137,748.60~~			0.00	~~0.00~~			0.00	~~0.00~~						NA	NA								NA	NA
		AV-1							ACT/360		3130	2.~~206880000~~180000000%									~~217~~197,~~033~~105.4127									0.00					0.00			0.00					0.00			0.00					0.00	~~0.00~~						197,105.27	~~217,033.41~~			197,105.27	~~217,033.41~~			0.00	~~0.00~~			0.00	~~0.00~~						NA	NA								NA	NA
		AV-IO							30/360		30	5.000000000%									130,833.33									0.00					0.00			0.00					0.00			0.00					0.00	~~0.00~~						130,833.33	~~130,833.33~~			130,833.33	~~130,833.33~~			0.00	~~0.00~~			0.00	~~0.00~~						NA	NA								NA	NA
		MV-1							ACT/360		3130	2.~~836880000~~810000000%									3332,~~455~~069.0913									0.00					0.00			0.00					0.00			0.00					0.00	~~0.00~~						32,069.13	~~33,455.09~~			32,069.13	~~33,455.09~~			0.00	~~0.00~~			0.00	~~0.00~~						NA	NA								NA	NA
		MV-2							ACT/360		3130	3.~~636880000~~610000000%									4442,~~420~~670.8520									0.00					0.00			0.00					0.00			0.00					0.00	~~0.00~~						42,670.20	~~44,420.85~~			42,670.20	~~44,420.85~~			0.00	~~0.00~~			0.00	~~0.00~~						NA	NA								NA	NA
		BV-1							ACT/360		3130	4.~~136880000~~110000000%									3331,~~104~~828.5853									0.00					0.00			0.00					0.00			0.00					0.00	~~0.00~~						31,828.53	~~33,104.58~~			31,828.53	~~33,104.58~~			0.00	~~0.00~~			0.00	~~0.00~~						NA	NA								NA	NA
		C							30/360		30	6.~~375288221~~424835994%									2,~~569~~504,~~880~~108.5015									0.00					0.00			0.00					23,~~998~~024,~~894~~851.5864			0.00					0.00	~~0.00~~						5,528,959.79	~~5,568,775.08~~			2,411,427.97	~~2,543,923.44~~			(92,680.18)	~~(25,957.06)~~			3,117,531.82	~~3,024,851.64~~						NA	NA								NA	NA
																						4,586,603.57							0.00					0.00				0.00				2,998,894.58					0.00						0.00						7,585,498.15			4,560,646.51					(25,957.06)					3,024,851.64
																						4,470,515.46							0.00					0.00				0.00			3,024,851.64					0.00						0.00						7,495,367.10			4,377,835.28					(92,680.18)					3,117,531.82
	(1) OTHER INTEREST PROCEEDS ARE ADDITIONAL INTEREST AMOUNTS SPECIFICALLY ALLOCATED TO THE BOND(S) AND USED IN DETERMINING THE BONDS DISTRIBUTABLE INTEREST.
	(2) ACCRUED - DEDUCTIONS + ADDITIONS INTEREST
	(3) PRIOR INTEREST SHORTFALL AMOUNT INCLUDES INTEREST DUE ON OUTSTANDING SHORTFALLS AND LOSSES WHERE APPLICABLE.
	(4) DETERMINED AS FOLLOWS: (A) THE ENDING BALANCE OF ALL THE CLASSES LESS (B) THE SUM OF (I) THE ENDING BALANCE OF THE CLASS AND (II) THE ENDING BALANCE OF ALL CLASSES WHICH ARE NOT SUBORDINATE TO THE CLASS DIVIDED BY (A).
																																																																											PAGE 7 OF 16	~~PAGE 7 OF 16~~
	08/23/2002 - 14:37 (H119-H132) 2002 LASALLE BANK N.A.
	09/23/2002 - 15:09 (H119-H132) 2002 LASALLE BANK N.A.

ABN AMRO

LASALLE BANK

N.A.

MERRILL LYNCH MORTGAGE INVESTORS, INC.

ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1

STATEMENT DATE:

0809/2625/2002

PAYMENT DATE:

0809/2625/2002

PRIOR PAYMENT:

0708/2526/2002

NEXT PAYMENT:

0910/25/2002

RECORD DATE:

0708/3130/2002

ABN AMRO ACCT: 67-8946-30-2

OTHER RELATED INFORMATION

GROUP 1 TRIGGER EVENTS

NOT OCCURING

CUMULATIVE REALIZED LOSSES TEST

SATISFIED

CURRENT DELINQUENCY TEST

SATISFIED

GROUP 2 TRIGGER EVENTS

NOT OCCURING

CUMULATIVE REALIZED LOSSES TEST

SATISFIED

CURRENT DELINQUENCY TEST

SATISFIED

BASIS RISK RESERVE FUND BEGINNING BALANCE

$5,000.00

DEPOSITS TO BASIS RISK RESERVE FUND

0.00

WITHDRAWL TO BASIS RISK RESERVE FUND

0.00

BASIS RISK RESERVE FUND ENDING BALANCE

$5,000.00

NET MONTHLY EXCESS CASHFLOW

$2,~~569~~504,~~880~~108.5015

CLASS M-1 INT CARRY FORWARD AMT - FUNDED BY NET MONTHLY EXCESS CF

0.00

CLASS M-2 INT CARRY FORWARD AMT. - FUNDED BY NET MONTHLY EXCESS CF

0.00

CLASS B-1 INT CARRY FORWARD AMT. - FUNDED BY NET MONTHLY EXCESS CF

0.00

CLASS M-1 REALIZED LOSS AMORT. AMT. - FUNDED BY NET MONTHLY EXCESS CF

0.00

CLASS M-2 REALIZED LOSS AMORT. AMT. - FUNDED BY NET MONTHLY EXCESS CF

0.00

CLASS B-1 REALIZED LOSS AMORT. AMT. - FUNDED BY NET MONTHLY EXCESS CF

0.00

CUMMULATIVE LOSS PERCENTAGE

0.00 %

RESULTS OF SERVICER PERFORMANCE EVALUATION, IF ANY

NONE

08/23/2002 - 14:37 (H119-H132) 2002 LASALLE BANK N.A.

PAGE 8 OF 16

09/23/2002 - 15:09 (H119-H132) 2002 LASALLE BANK N.A.

PAGE 8 OF 16

		ABN AMRO
		LASALLE BANK		N.A.
		MERRILL LYNCH MORTGAGE INVESTORS, INC.
																																										STATEMENT DATE:					0809/2625/2002
												ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1																														PAYMENT DATE:					0809/2625/2002
																																										PRIOR PAYMENT:						0708/2526/2002
																																										NEXT PAYMENT:							0910/25/2002
																																										RECORD DATE:								0708/3130/2002
												ABN AMRO ACCT: 67-8946-30-2
												ASSET-BACKED FACTS ~ 15 MONTH HISTORICAL LOAN STATUS SUMMARY
											DELINQUENCY AGING CATEGORIES																							SPECIAL EVENT CATEGORIES (1)
DISTRIBUTION
DATE
DELINQ 1 MONTH								DELINQ 2 MONTHS					DELINQ 3+ MONTHS					FORECLOSURE						REO				MODIFICATIONS								SPECIALLY SERVICED				BANKRUPTCY
	# BALANCE								# BALANCE					# BALANCE					# BALANCE					# BALANCE							# BALANCE						# BALANCE					# BALANCE
					9/25/02		493		30,543,993						80	4,616,477				216	11,815,852			442	27,945,379				14	998,355		0			0			0	0					112		6,533,245
						6.91%				6.73%			1.12%				1.02%			3.03%		2.60%	6.19%			6.16%	0.20%				0.22%		0.00%			0.00%		0.00%			0.00%				1.57%						1.44%
					8/26/02		2,327		141,247,707						39	1,965,329				477	29,594,734			139	8,421,148				0	0		0			0			0	0					18		1,276,233
						31.65%				30.20%			0.53%				0.42%			6.49%		6.33%	1.89%			1.80%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%				0.24%						0.27%
					7/25/02		1,753		97,887,687						34	1,916,325				395	23,839,269			140	8,488,349				0	0		0			0			0	0					18		1,277,018
						23.10%				20.24%			0.45%				0.40%			5.20%		4.93%	1.84%			1.75%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%				0.24%						0.26%
					6/25/02		2,887		208,303,415						71	2,822,783				39	1,572,211			144	8,733,535				0	0		0			0			0	0					19		1,511,482
						37.16%				41.88%			0.91%				0.57%			0.50%		0.32%	1.85%			1.76%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%				0.24%						0.30%
					5/28/02		490		28,200,879						140	8,372,037				224	13,467,127			149	9,025,231				0	0		0			0			0	0					20		1,542,178
						6.14%				5.50%			1.76%				1.63%			2.81%		2.62%	1.87%			1.76%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%				0.25%						0.30%
					4/25/02		416		24,876,152						134	8,927,127				161	9,029,940			151	9,129,930				0	0		0			0			0	0					20		1,542,933
						5.08%				4.69%			1.64%				1.68%			1.97%		1.70%	1.84%			1.72%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%				0.24%						0.29%
					3/25/02		461		26,887,324						167	9,481,515				79	4,136,504			154	9,220,444				0	0		0			0			0	0					21		1,592,015
						5.49%				4.93%			1.99%				1.74%			0.94%		0.76%	1.83%			1.69%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%				0.25%						0.29%
					2/25/02		0		0						0	0				0	0			0	0				0	0		0			0			0	0					0		0
						0.00%				0.00%			0.00%				0.00%			0.00%		0.00%	0.00%			0.00%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%				0.00%						0.00%
			(1) NOTE: MODIFICATION, SPECIALLY SERVICED & BANKRUPTCY TOTALS ARE INCLUDED IN THE APPROPRIATE DELINQUENCY AGING CATEGORY
				08/23/2002 - 14:37 (H119-H132) 2002 LASALLE BANK N.A.																																							PAGE 9 OF 16
				09/23/2002 - 15:09 (H119-H132) 2002 LASALLE BANK N.A.																																							PAGE 9 OF 16

		ABN AMRO
		LASALLE BANK		N.A.
		MERRILL LYNCH MORTGAGE INVESTORS, INC.
																																										STATEMENT DATE:					0809/2625/2002
												ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1																														PAYMENT DATE:					0809/2625/2002
																																										PRIOR PAYMENT:						0708/2526/2002
																																										NEXT PAYMENT:							0910/25/2002
																																										RECORD DATE:								0708/3130/2002
												ABN AMRO ACCT: 67-8946-30-2
												ASSET-BACKED FACTS ~ 15 MONTH HISTORICAL LOAN STATUS SUMMARY
																				LOAN GROUP 1
											DELINQUENCY AGING CATEGORIES																							SPECIAL EVENT CATEGORIES (1)
DISTRIBUTION
DATE
DELINQ 1 MONTH								DELINQ 2 MONTHS					DELINQ 3+ MONTHS					FORECLOSURE						REO				MODIFICATIONS								SPECIALLY SERVICED				BANKRUPTCY
	# BALANCE								# BALANCE					# BALANCE					# BALANCE					# BALANCE							# BALANCE						# BALANCE					# BALANCE
					9/25/02		402		23,105,918						67	3,455,367				169	8,004,785			298	16,655,060				12	685,069		0			0			0	0					82		4,276,897
						7.35%				7.68%			1.23%				1.15%			3.09%		2.66%	5.45%			5.53%	0.22%				0.23%		0.00%			0.00%		0.00%			0.00%				1.50%						1.42%
					8/26/02		1,900		106,524,612						31	1,394,956				343	18,654,124			111	5,940,958				0	0		0			0			0	0					15		1,028,984
						33.72%				34.33%			0.55%				0.45%			6.09%		6.01%	1.97%			1.91%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%				0.27%						0.33%
					7/25/02		1,747		97,441,232						27	1,323,595				289	15,316,864			112	6,007,032				0	0		0			0			0	0					15		1,029,643
						30.05%				30.39%			0.46%				0.41%			4.97%		4.78%	1.93%			1.87%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%				0.26%						0.32%
					6/25/02		1,646		89,783,139						71	2,822,783				39	1,572,211			114	6,099,943				0	0		0			0			0	0					15		1,030,239
						27.69%				27.28%			1.19%				0.86%			0.66%		0.48%	1.92%			1.85%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%				0.25%						0.31%
					5/28/02		409		21,722,285						105	5,410,941				172	9,254,419			117	6,251,547				0	0		0			0			0	0					16		1,060,669
						6.71%				6.41%			1.72%				1.60%			2.82%		2.73%	1.92%			1.85%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%				0.26%						0.31%
					4/25/02		341		18,190,448						96	5,414,867				130	6,606,542			118	6,288,514				0	0		0			0			0	0					16		1,061,242
						5.45%				5.21%			1.53%				1.55%			2.08%		1.89%	1.88%			1.80%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%				0.26%						0.30%
					3/25/02		384		20,681,610						132	6,944,534				79	4,136,504			119	6,313,954				0	0		0			0			0	0					17		1,109,786
						5.98%				5.75%			2.05%				1.93%			1.23%		1.15%	1.85%			1.76%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%				0.26%						0.31%
					2/25/02		0		0						0	0				0	0			0	0				0	0		0			0			0	0					0		0
						0.00%				0.00%			0.00%				0.00%			0.00%		0.00%	0.00%			0.00%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%				0.00%						0.00%
			(1) NOTE: MODIFICATION, SPECIALLY SERVICED & BANKRUPTCY TOTALS ARE INCLUDED IN THE APPROPRIATE DELINQUENCY AGING CATEGORY
				08/23/2002 - 14:37 (H119-H132) 2002 LASALLE BANK N.A.																																							PAGE 10 OF 16
				09/23/2002 - 15:09 (H119-H132) 2002 LASALLE BANK N.A.																																							PAGE 10 OF 16

		ABN AMRO
		LASALLE BANK		N.A.
		MERRILL LYNCH MORTGAGE INVESTORS, INC.
																																										STATEMENT DATE:					0809/2625/2002
												ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1																														PAYMENT DATE:					0809/2625/2002
																																										PRIOR PAYMENT:						0708/2526/2002
																																										NEXT PAYMENT:							0910/25/2002
																																										RECORD DATE:								0708/3130/2002
												ABN AMRO ACCT: 67-8946-30-2
												ASSET-BACKED FACTS ~ 15 MONTH HISTORICAL LOAN STATUS SUMMARY
																				LOAN GROUP 2
											DELINQUENCY AGING CATEGORIES																							SPECIAL EVENT CATEGORIES (1)
DISTRIBUTION
DATE
DELINQ 1 MONTH								DELINQ 2 MONTHS					DELINQ 3+ MONTHS					FORECLOSURE						REO				MODIFICATIONS								SPECIALLY SERVICED				BANKRUPTCY
	# BALANCE								# BALANCE					# BALANCE					# BALANCE					# BALANCE							# BALANCE						# BALANCE					# BALANCE
					9/25/02		91		7,438,075						13	1,161,110				47	3,811,067			144	11,290,319				2	313,286		0			0			0	0					30		2,256,348
						5.45%				4.86%			0.78%				0.76%			2.81%		2.49%	8.62%			7.38%	0.12%				0.20%		0.00%			0.00%		0.00%			0.00%				1.80%						1.48%
					8/26/02		427		34,723,095						8	570,372				134	10,940,609			28	2,480,190				0	0		0			0			0	0					3		247,250
						24.87%				22.06%			0.47%				0.36%			7.80%		6.95%	1.63%			1.58%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%				0.17%						0.16%
					7/25/02		6		446,456						7	592,730				106	8,522,405			28	2,481,317				0	0		0			0			0	0					3		247,375
						0.34%				0.27%			0.39%				0.36%			5.97%		5.22%	1.58%			1.52%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%				0.17%						0.15%
					6/25/02		1,241		118,520,276						0	0				0	0			30	2,633,593				0	0		0			0			0	0					4		481,243
						68.00%				70.44%			0.00%				0.00%			0.00%		0.00%	1.64%			1.57%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%				0.22%						0.29%
					5/28/02		81		6,478,594						35	2,961,095				52	4,212,708			32	2,773,684				0	0		0			0			0	0					4		481,509
						4.32%				3.71%			1.87%				1.70%			2.77%		2.41%	1.71%			1.59%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%				0.21%						0.28%
					4/25/02		75		6,685,704						38	3,512,260				31	2,423,398			33	2,841,416				0	0		0			0			0	0					4		481,690
						3.88%				3.70%			1.97%				1.94%			1.60%		1.34%	1.71%			1.57%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%				0.21%						0.27%
					3/25/02		77		6,205,714						35	2,536,982				0	0			35	2,906,490				0	0		0			0			0	0					4		482,229
						3.89%				3.34%			1.77%				1.37%			0.00%		0.00%	1.77%			1.56%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%				0.20%						0.26%
					2/25/02		0		0						0	0				0	0			0	0				0	0		0			0			0	0					0		0
						0.00%				0.00%			0.00%				0.00%			0.00%		0.00%	0.00%			0.00%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%				0.00%						0.00%
			(1) NOTE: MODIFICATION, SPECIALLY SERVICED & BANKRUPTCY TOTALS ARE INCLUDED IN THE APPROPRIATE DELINQUENCY AGING CATEGORY
				08/23/2002 - 14:37 (H119-H132) 2002 LASALLE BANK N.A.																																							PAGE 11 OF 16
				09/23/2002 - 15:09 (H119-H132) 2002 LASALLE BANK N.A.																																							PAGE 11 OF 16

	ABN AMRO
	LASALLE BANK		N.A.
	MERRILL LYNCH MORTGAGE INVESTORS, INC.
	ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1																																			STATEMENT DATE:				0809/2625/2002
																																										PAYMENT DATE:				0809/2625/2002
																																										PRIOR PAYMENT:					0708/2526/2002
																																										NEXT PAYMENT:						0910/25/2002
																																										RECORD DATE:							0708/3130/2002
											ABN AMRO ACCT: 67-8946-30-2
											ASSET-BACKED FACTS ~ 15 MONTH HISTORICAL PAYOFF/LOSS SUMMARY
							ENDING POOL (1)							PAYOFFS(2)			PENALTIES				APPRAISAL REDUCT. (2)					LIQUIDATIONS (2)						REALIZED LOSSES (2)							REMAINING TERM						CURR WEIGHTED AVG.
DISTRIBUTION
DATE
		# BALANCE						# BALANCE						# AMOUNT				# BALANCE						# BALANCE					# AMOUNT								LIFE		AMORT		COUPON REMIT
				8/26/02		7,352			467,705,289				237		15,481,314				0	0			0	0			0			0			6		92,680					260		284		11.76%					11.38%
				9/25/02		7,137			453,837,098				215		13,294,723				140	453,713			0	0			0			0			7		132,025					258		284		10.69%					10.31%
					81.56%					79.35%		2.92%				2.84%						0.00%			0.00%			0.00%			0.00%			0.10%				0.03%
				8/26/02		7,352			467,705,289				237		15,481,314				144	429,102			0	0			0			0			6		92,680					260		284		10.69%					10.31%
					84.01%					81.77%		3.12%				3.20%						0.00%			0.00%			0.00%			0.00%			0.08%				0.02%
				7/25/02		7,589			483,720,342				181		13,143,132				0	0			0	0			0			0			2		25,957					261		285		11.63%					11.25%
					86.72%					84.57%		2.33%				2.64%						0.00%			0.00%			0.00%			0.00%			0.03%				0.01%
				6/25/02		7,770			497,382,276				205		14,374,346				0	0			0	0			0			0			0		0					262		286		11.62%					11.24%
					88.79%					86.96%		2.57%				2.80%						0.00%			0.00%			0.00%			0.00%			0.00%				0.00%
				5/28/02		7,974			513,155,837				217		15,842,023				0	0			0	0			0			0			1		24,685					265		287		11.73%					11.35%
					91.12%					89.72%		2.65%				2.99%						0.00%			0.00%			0.00%			0.00%			0.01%				0.00%
				4/25/02		8,192			530,078,191				207		14,586,230				0	0			0	0			3			144,564			3		2,226					267		288		11.84%					11.45%
					93.61%					92.68%		2.46%				2.67%						0.00%			0.00%			0.04%			0.03%			0.04%				0.00%
				3/25/02		8,402			545,464,333				192		15,227,117				0	0			0	0			0			0			0		0					261		289		11.66%					11.28%
					96.01%					95.37%		2.23%				2.71%						0.00%			0.00%			0.00%			0.00%			0.00%				0.00%
				2/25/02		8,594			561,479,252				153		9,664,350				0	0			0	0			0			0			0		0					280		290		16.15%					15.77%
					98.21%					98.17%		1.75%				1.69%						0.00%			0.00%			0.00%			0.00%			0.00%				0.00%
		(1) PERCENTAGE BASED ON POOL AS OF CUTOFF. (2) PERCENTAGE BASED ON POOL AS OF BEGINNING OF PERIOD.
																																											PAGE 12 OF 16
			08/23/2002 - 14:37 (H119-H132) 2002 LASALLE BANK N.A.
			09/23/2002 - 15:09 (H119-H132) 2002 LASALLE BANK N.A.

	ABN AMRO
	LASALLE BANK		N.A.
	MERRILL LYNCH MORTGAGE INVESTORS, INC.
	ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1																																				STATEMENT DATE:				0809/2625/2002
																																											PAYMENT DATE:				0809/2625/2002
																																											PRIOR PAYMENT:					0708/2526/2002
																																											NEXT PAYMENT:						0910/25/2002
																																											RECORD DATE:							0708/3130/2002
											ABN AMRO ACCT: 67-8946-30-2
											ASSET-BACKED FACTS ~ 15 MONTH HISTORICAL PAYOFF/LOSS SUMMARY
																	LOAN GROUP 1
							ENDING POOL (1)							PAYOFFS(2)				PENALTIES				APPRAISAL REDUCT. (2)					LIQUIDATIONS (2)						REALIZED LOSSES (2)							REMAINING TERM						CURR WEIGHTED AVG.
DISTRIBUTION
DATE
		# BALANCE						# BALANCE						# AMOUNT					# BALANCE						# BALANCE					# AMOUNT								LIFE		AMORT		COUPON REMIT
				8/26/02		5,635			310,299,592				178		9,855,906					0	0			0	0			0			0			4		89,891					218		250		11.97%					11.59%
				9/25/02		5,467			300,921,933				168		8,855,557					109	295,614			0	0			0			0			7		132,025					216		250		10.82%					10.44%
					62.47%					52.61%		2.98%				2.85%							0.00%			0.00%			0.00%			0.00%			0.12%				0.04%
				8/26/02		5,635			310,299,592				178		9,855,906					109	307,111			0	0			0			0			4		89,891					218		250		10.82%					10.44%
					64.39%					54.25%		3.06%				3.07%							0.00%			0.00%			0.00%			0.00%			0.07%				0.03%
				7/25/02		5,813			320,604,231				132		8,077,374					0	0			0	0			0			0			2		25,957					218		251		11.73%					11.35%
					66.43%					56.05%		2.22%				2.45%							0.00%			0.00%			0.00%			0.00%			0.03%				0.01%
				6/25/02		5,945			329,122,678				154		8,932,017					0	0			0	0			0			0			0		0					219		252		11.81%					11.43%
					67.94%					57.54%		2.53%				2.64%							0.00%			0.00%			0.00%			0.00%			0.00%				0.00%
				5/28/02		6,099			338,624,162				160		9,923,977					0	0			0	0			0			0			1		24,685					223		252		11.85%					11.46%
					69.69%					59.20%		2.56%				2.84%							0.00%			0.00%			0.00%			0.00%			0.02%				0.01%
				4/25/02		6,260			349,346,013				163		9,704,120					0	0			0	0			2			81,959			2		1,309					225		253		11.99%					11.60%
					71.53%					61.08%		2.54%				2.70%							0.00%			0.00%			0.03%			0.02%			0.03%				0.00%
				3/25/02		6,425			359,693,700				146		9,381,447					0	0			0	0			0			0			0		0					216		254		11.91%					11.53%
					73.42%					62.89%		2.22%				2.54%							0.00%			0.00%			0.00%			0.00%			0.00%				0.00%
				2/25/02		6,571			369,684,897				119		6,095,165					0	0			0	0			0			0			0		0					244		254		13.63%					13.25%
					75.09%					64.63%		1.78%				1.62%							0.00%			0.00%			0.00%			0.00%			0.00%				0.00%
		(1) PERCENTAGE BASED ON POOL AS OF CUTOFF. (2) PERCENTAGE BASED ON POOL AS OF BEGINNING OF PERIOD.
																																												PAGE 13 OF 16
			08/23/2002 - 14:37 (H119-H132) 2002 LASALLE BANK N.A.
			09/23/2002 - 15:09 (H119-H132) 2002 LASALLE BANK N.A.

	ABN AMRO
	LASALLE BANK		N.A.
	MERRILL LYNCH MORTGAGE INVESTORS, INC.
	ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1																																				STATEMENT DATE:				0809/2625/2002
																																											PAYMENT DATE:				0809/2625/2002
																																											PRIOR PAYMENT:					0708/2526/2002
																																											NEXT PAYMENT:						0910/25/2002
																																											RECORD DATE:							0708/3130/2002
											ABN AMRO ACCT: 67-8946-30-2
											ASSET-BACKED FACTS ~ 15 MONTH HISTORICAL PAYOFF/LOSS SUMMARY
																	LOAN GROUP 2
							ENDING POOL (1)							PAYOFFS(2)				PENALTIES				APPRAISAL REDUCT. (2)					LIQUIDATIONS (2)						REALIZED LOSSES (2)							REMAINING TERM						CURR WEIGHTED AVG.
DISTRIBUTION
DATE
		# BALANCE						# BALANCE						# AMOUNT					# BALANCE						# BALANCE					# AMOUNT								LIFE		AMORT		COUPON REMIT
				8/26/02		1,717			157,405,697				59		5,625,408					0	0			0	0			0			0			2		2,789					343		352		11.34%					10.96%
				9/25/02		1,670			152,915,165				47		4,409,166					31	158,099			0	0			0			0			0		0					342		351		10.42%					10.04%
					19.08%					26.73%		2.74%				2.80%							0.00%			0.00%			0.00%			0.00%			0.00%				0.00%
				8/26/02		1,717			157,405,697				59		5,625,408					35	121,991			0	0			0			0			2		2,789					343		352		10.44%					10.06%
					19.62%					27.52%		3.32%				3.45%							0.00%			0.00%			0.00%			0.00%			0.11%				0.00%
				7/25/02		1,776			163,116,111				49		5,065,759					0	0			0	0			0			0			0		0					344		353		11.42%					11.04%
					20.29%					28.52%		2.68%				3.01%							0.00%			0.00%			0.00%			0.00%			0.00%				0.00%
				6/25/02		1,825			168,259,598				51		5,442,329					0	0			0	0			0			0			0		0					345		354		11.25%					10.87%
					20.85%					29.42%		2.72%				3.12%							0.00%			0.00%			0.00%			0.00%			0.00%				0.00%
				5/28/02		1,875			174,531,675				57		5,918,045					0	0			0	0			0			0			0		0					346		355		11.51%					11.13%
					21.43%					30.51%		2.95%				3.27%							0.00%			0.00%			0.00%			0.00%			0.00%				0.00%
				4/25/02		1,932			180,732,179				44		4,882,111					0	0			0	0			1			62,605			1		916					347		356		11.54%					11.16%
					22.08%					31.60%		2.23%				2.63%							0.00%			0.00%			0.05%			0.03%			0.05%				0.00%
				3/25/02		1,977			185,770,633				46		5,845,669					0	0			0	0			0			0			0		0					348		357		11.17%					10.79%
					22.59%					32.48%		2.27%				3.05%							0.00%			0.00%			0.00%			0.00%			0.00%				0.00%
				2/25/02		2,023			191,794,355				34		3,569,185					0	0			0	0			0			0			0		0					349		358		21.00%					20.62%
					23.12%					33.53%		1.65%				1.82%							0.00%			0.00%			0.00%			0.00%			0.00%				0.00%
		(1) PERCENTAGE BASED ON POOL AS OF CUTOFF. (2) PERCENTAGE BASED ON POOL AS OF BEGINNING OF PERIOD.
																																												PAGE 14 OF 16
			08/23/2002 - 14:37 (H119-H132) 2002 LASALLE BANK N.A.
			09/23/2002 - 15:09 (H119-H132) 2002 LASALLE BANK N.A.

		ABN AMRO
		LASALLE BANK		N.A.
			MERRILL LYNCH MORTGAGE INVESTORS, INC.
				ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1															STATEMENT DATE:				0809/2625/2002
																						PAYMENT DATE:					0809/2625/2002
																						PRIOR PAYMENT:						0708/2526/2002
																						NEXT PAYMENT:							0910/25/2002
																						RECORD DATE:								0708/3130/2002
							ABN AMRO ACCT: 67-8946-30-2
								HISTORICAL COLLATERAL LEVEL REO REPORT
RECENT
APPRAISAL
VALUE
APPRAISAL
REDUCTION
AMOUNT
DISCLOSURE
CONTROL #
REO
DATE
CITY
STATE
PROPERTY
TYPE
ACTUAL
BALANCE
SCHEDULED
BALANCE
DATE
LIQUIDATED
					LIQUIDATION
PROCEEDS
LIQUIDATION
EXPENSES
REALIZED
LOSS
	6372					8/19/02			AR		0			74,356		0		0			0				0			0
	7084					8/14/02			MI		0			202,095		0		0			0				0			0
	300					8/13/02			AR		0			63,811		0		0			0				0			0
	1030					8/8/02			AL		0			67,337		0		0			0				0			0
	2988					8/6/02			GA		0			29,226		0		0			0				0			0
	1080					7/29/02			MD		0			65,849		0		0			0				0			0
	5888					7/24/02			VA		0			52,437		0		0			0				0			0
	244					7/12/02			AL		0			49,373		0		0			0				0			0
	6225					7/3/02			NC		0			28,102		0		0			0				0			0
	1964					6/26/02			VA		0			66,300		0		0			0				0			0
	7936					6/24/02			NC		0			111,191		0		0			0				0			0
	3479					6/17/02			AL		0			93,328		0		0			0				0			0
	2759					5/13/02			NC		0			39,934		0		0			0				0			0
	922					3/7/02			MO		0			55,015		0		0			0				0			0
										14		0	998,355		0		0			0					0	0
																								PAGE 15 OF 16
		08/23/2002 - 14:37 (H119-H132) 2002 LASALLE BANK N.A.
		09/23/2002 - 15:09 (H119-H132) 2002 LASALLE BANK N.A.

		ABN AMRO
		LASALLE BANK	N.A.
	MERRILL LYNCH MORTGAGE INVESTORS, INC.
																	STATEMENT DATE:			0809/2625/2002
						ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1																	PAYMENT DATE:					0809/2625/2002
																						PRIOR PAYMENT:							0708/2526/2002
																						NEXT PAYMENT:								0910/25/2002
																						RECORD DATE:									0708/3130/2002
						ABN AMRO ACCT: 67-8946-30-2
						REALIZED LOSS DETAIL
BEGINNING
SCHEDULED
BALANCE
GROSS PROCEEDS
AS A % OF
SCHED. BALANCE
AGGREGATE
LIQUIDATION
EXPENSES *
NET
LIQUIDATION
PROCEEDS
NET PROCEEDS
AS A % OF
SCHED. BALANCE
PERIOD
DISCLOSURE
CONTROL #
APPRAISAL
DATE
APPRAISAL
VALUE
GROSS
PROCEEDS
REALIZED
LOSS
				200209	1038		NOT AVAIL.	NOT AVAIL.	59,639.50		0.00			0.00%	0.00				0.00		0.00%				16,128.67
				200209	1338		NOT AVAIL.	NOT AVAIL.	15,418.00		0.00			0.00%	0.00				0.00		0.00%				15,418.00
				200209	1898		NOT AVAIL.	NOT AVAIL.	57,774.77		0.00			0.00%	0.00				0.00		0.00%				39,101.43
				200209	2295		NOT AVAIL.	NOT AVAIL.	84,716.22		0.00			0.00%	0.00				0.00		0.00%				1,860.03
				200209	4099		NOT AVAIL.	NOT AVAIL.	63,111.63		0.00			0.00%	0.00				0.00		0.00%				11,004.35
				200209	4486		NOT AVAIL.	NOT AVAIL.	131,322.06		0.00			0.00%	0.00				0.00		0.00%				2,375.20
				200209	4994		NOT AVAIL.	NOT AVAIL.	89,461.82		0.00			0.00%	0.00				0.00		0.00%				46,137.70
				200208	1800		NOT AVAIL.	NOT AVAIL.	33,834.03		0.00			0.00%	0.00				0.00		0.00%				28,288.30
				200208	3728		NOT AVAIL.	NOT AVAIL.	61,100.67		0.00			0.00%	0.00				0.00		0.00%				17,992.57
				200208	6272		NOT AVAIL.	NOT AVAIL.	47,511.19		0.00			0.00%	0.00				0.00		0.00%				42,380.65
				200208	6998		NOT AVAIL.	NOT AVAIL.	87,005.74		0.00			0.00%	0.00				0.00		0.00%				2,636.26
				200208	8326		NOT AVAIL.	NOT AVAIL.	90,026.81		0.00			0.00%	0.00				0.00		0.00%				152.73
				200204	2026		NOT AVAIL.	NOT AVAIL.	34,600.00		36,799.93			106.36%	2,341.64				34,458.29		99.59%				141.71
				200204	670		NOT AVAIL.	NOT AVAIL.	47,359.02		50,267.13			106.14%	4,075.65				46,191.48		97.53%				1,167.54
				200204	7706		NOT AVAIL.	NOT AVAIL.	62,605.17		65,287.83			104.29%	3,599.05				61,688.78		98.54%				916.39
					3098		NOT AVAIL.	NOT AVAIL.	0.00		0.00				0.00				0.00						1,229.68
			CURRENT TOTAL							501,444.00			0.00			0.00		0.00									132,025.38
			CURRENT TOTAL							319,478.44			0.00			0.00		0.00									91,450.51
			CUMULATIVE							965,486.63		152,354.89					10,016.34		142,338.55							225,701.53
			CUMULATIVE							464,042.63		152,354.89					10,016.34		142,338.55							94,905.83
	* AGGREGATE LIQUIDATION EXPENSES ALSO INCLUDE OUTSTANDING P&I ADVANCES AND UNPAID SERVICING FEES, UNPAID TRUSTEE FEES, ETC..
	08/23/2002 - 14:37 (H119-H132) 2002 LASALLE BANK N.A.																							PAGE 16 OF 16
	09/23/2002 - 15:09 (H119-H132) 2002 LASALLE BANK N.A.																							PAGE 16 OF 16

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