8-K 1 ml02afc1_200210.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 October 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 October 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: October 25, 2002.

ABN AMRO

LASALLE BANK

N.A.

MERRILL LYNCH MORTGAGE INVESTORS, INC.

STATEMENT DATE:

10/25/2002

ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1

PAYMENT DATE:

10/25/2002

135 S. LASALLE STREET SUITE 1625

CHICAGO, IL 60603-4159

USA

PRIOR PAYMENT:

09/25/2002

NEXT PAYMENT:

11/25/2002

RECORD DATE:

09/30/2002

ABN AMRO ACCT: 67-8946-30-2

ADMINISTRATOR:

REPORTING PACKAGE TABLE OF CONTENTS

ANALYST:

CHRISTOPHER LEWIS (312) 904-7992

THOMAS HELMS (714) 238-6738

CHRISTOPHER.LEWIS@ABNAMRO.COM

THOMAS.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_200210_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

10/23/2002 - 16:03 (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:								10/25/2002

																																		PAYMENT DATE:						10/25/2002
WAC:						10.685519%																															PRIOR PAYMENT:							09/25/2002
																																		NEXT PAYMENT:								11/25/2002
WAMM:						261
																																		RECORD DATE:									09/30/2002
CURRENT INDEX:						1.813750%
NEXT INDEX:						1.830000%				*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					87,746,284.44					10,238,951.47			0.00			0.00				77,507,332.97				149,442.89					0.00					2.04375000%
	589929XU7													528.592074940			61.680430542			0.000000000			0.000000000				466.911644398					0.900258373				0.000000000							2.060000000%

	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				60,400,000.00				364,033.33					0.00					6.70000000%
	589929XX1													885.869565217			0.000000000			0.000000000			0.000000000				820.652173913					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					104,004,991.89					4,526,287.59			0.00			0.00				99,478,704.30				189,267.42					0.00					2.18375000%
	589929YB8													708.833356437			30.848361856			0.000000000			0.000000000				677.984994582					1.289929052				0.000000000							2.200000000%

	AV-IO						37,000,000.00				N	31,400,000.00					0.00			0.00			0.00				28,800,000.00				130,833.33					0.00					5.00000000%
	589929YC6													848.648648649			0.000000000			0.000000000			0.000000000				778.378378378					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				32,111.92					0.00					2.81375000%
	589929YD4													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					2.344791530				0.000000000							2.830000000%

	MV-2						14,184,000.00					14,184,000.00					0.00			0.00			0.00				14,184,000.00				42,714.53					0.00					3.61375000%
	589929YE2													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					3.011458686				0.000000000							3.630000000%

	BV-1						9,293,000.00					9,293,000.00					0.00			0.00			0.00				9,293,000.00				31,857.57					0.00					4.11375000%
	589929YF9													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					3.428125471				0.000000000							4.130000000%

	C						571,972,863.34				N	453,837,097.88					0.00			0.00			0.00				439,153,084.98				2,252,167.72					(134,507.25)					6.31065634%
	9ABSH131													793.459142851			0.000000000			0.000000000			0.000000000				767.786573677					3.937542958				(0.235163692)							N/A

	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								422,473,276.33				14,765,239.06			0.00			0.00				407,708,037.27				4,195,257.15					(134,507.25)

																										TOTAL P&I PAYMENT				18,960,496.21


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
10/23/2002 - 16:03 (H119-H132) 2002 LASALLE BANK N.A.																																						PAGE 2 OF 16





		ABN AMRO

		LASALLE BANK	N.A.
	*MERRILL LYNCH MORTGAGE INVESTORS, INC.*
	*ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1*																									STATEMENT DATE:					10/25/2002
																									PAYMENT DATE:								10/25/2002
																									PRIOR PAYMENT:								09/25/2002
																									NEXT PAYMENT:								11/25/2002
																									RECORD DATE:								09/30/2002
					*ABN AMRO ACCT: 67-8946-30-2*


*CASH RECONCILIATION SUMMARY*



				INTEREST SUMMARY								PRINCIPAL SUMMARY																				SERVICING FEE SUMMARY
				CURRENT SCHEDULED INTEREST		3,258,417.64				SCHEDULED PRINCIPAL:
				LESS DEFERRED INTEREST		0.00				CURRENT SCHEDULED PRINCIPAL							375,636.95										CURRENT SERVICING FEES									115,961.35
				LESS PPIS REDUCING SCHEDULED INT		0.00																					PLUS FEES ADVANCED FOR PPIS									0.00
										ADVANCED SCHEDULED PRINCIPAL							0.00										LESS REDUCTION FOR PPIS									0.00
				PLUS GROSS ADVANCE INTEREST		782,819.87				SCHEDULED PRINCIPAL										375,636.95
				LESS ASER INTEREST ADV REDUCTION					0.00																		PLUS DELINQUENT SERVICING FEES									25,862.74
				LESS OTHER INTEREST NOT ADVANCED		0.00				UNSCHEDULED PRINCIPAL:
				LESS OTHER ADJUSTMENT		0.00				CURTAILMENTS							1,108,808.89											TOTAL SERVICING FEES									141,824.09
										PREPAYMENTS IN FULL							13,148,767.84
				TOTAL		4,041,237.51
				UNSCHEDULED INTEREST:						LIQUIDATION PROCEEDS							0.00
										REPURCHASE PROCEEDS							0.00
				PREPAYMENT PENALTIES		432,619.94
				YIELD MAINTENANCE PENALTIES		0.00				OTHER PRINCIPAL PROCEEDS							0.00
				OTHER INTEREST PROCEEDS		1,879.43				TOTAL UNSCHEDULED PRINCIPAL											14,257,576.73
				TOTAL		434,499.37				REMITTANCE PRINCIPAL							14,633,213.68

				LESS FEE PAID TO SERVICER		(141,824.09)					REMITTANCE P&I DUE TRUST								18,962,765.18
				LESS FEE STRIPS PAID BY SERVICER		0.00
											REMITTANCE P&I DUE CERTS							18,960,496.21
				LESS FEES & EXPENSES PAID BY/TO SERVICER																											PPIS SUMMARY
				SPECIAL SERVICING FEES			0.00						POOL BALANCE SUMMARY
				WORKOUT FEES		0.00										BALANCE								COUNT			GROSS PPIS									0.00
				LIQUIDATION FEES		0.00
										BEGINNING POOL				453,837,097.88									7,136				REDUCED BY PPIE									0.00
				INTEREST DUE SERV ON ADVANCES		0.00				SCHEDULED PRINCIPAL				375,636.95													REDUCED BY SHORTFALLS IN FEES									0.00
				NON RECOVERABLE ADVANCES		0.00				UNSCHEDULED PRINCIPAL				14,257,576.73								199					REDUCED BY OTHER AMOUNTS									0.00
				MISC. FEES & EXPENSES		(4,361.29)				DEFERRED INTEREST				0.00
										LIQUIDATIONS				0.00								3					PPIS REDUCING SCHEDULED INTEREST									0.00
																									PPIS REDUCING SERVICING FEE									0.00
				TOTAL UNSCHEDULED FEES & EXPENSES		(4,361.29)				REPURCHASES				0.00								0
				TOTAL INTEREST DUE TRUST		4,329,551.50				ENDING POOL					439,153,084.98							6,934						PPIS DUE CERTIFICATE									0.00
				LESS FEES & EXPENSES PAID BY/TO TRUST																										ADVANCE SUMMARY (ADVANCE MADE BY SERVICER)
																									PRINCIPAL			INTEREST
				TRUSTEE FEE		(2,268.97)
				FEE STRIPS		0.00																							PRIOR OUTSTANDING					0.00							904,228.72
				MISC. FEES		0.00
				INTEREST RESERVE WITHHOLDING		0.00																							PLUS CURRENT PERIOD					0.00					782,819.87
				PLUS INTEREST RESERVE DEPOSIT		0.00																							LESS RECOVERED					0.00						(589,703.71)
				TOTAL				(2,268.97)																					LESS NON RECOVERED					0.00						0.00
																									ENDING OUTSTANDING			0.00							1,097,344.88
				TOTAL INTEREST DUE CERTS		4,327,282.53


		10/23/2002 - 16:03 (H119-H132) 2002 LASALLE BANK N.A.																																				PAGE 4 OF 16





		ABN AMRO

		LASALLE BANK	N.A.
	*MERRILL LYNCH MORTGAGE INVESTORS, INC.*
	*ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1*																									STATEMENT DATE:					10/25/2002
																									PAYMENT DATE:								10/25/2002
																									PRIOR PAYMENT:								09/25/2002
																									NEXT PAYMENT:								11/25/2002
																									RECORD DATE:								09/30/2002
					*ABN AMRO ACCT: 67-8946-30-2*


*CASH RECONCILIATION SUMMARY LOAN GROUP 1*



				INTEREST SUMMARY								PRINCIPAL SUMMARY																				SERVICING FEE SUMMARY
				CURRENT SCHEDULED INTEREST		2,183,836.31				SCHEDULED PRINCIPAL:
				LESS DEFERRED INTEREST		0.00				CURRENT SCHEDULED PRINCIPAL							312,820.93										CURRENT SERVICING FEES									76,866.86
				LESS PPIS REDUCING SCHEDULED INT		0.00																					PLUS FEES ADVANCED FOR PPIS									0.00
										ADVANCED SCHEDULED PRINCIPAL							0.00										LESS REDUCTION FOR PPIS									0.00
				PLUS GROSS ADVANCE INTEREST		530,602.50				SCHEDULED PRINCIPAL										312,820.93
				LESS ASER INTEREST ADV REDUCTION					0.00																		PLUS DELINQUENT SERVICING FEES									17,171.24
				LESS OTHER INTEREST NOT ADVANCED		0.00				UNSCHEDULED PRINCIPAL:
				LESS OTHER ADJUSTMENT		0.00				CURTAILMENTS							678,289.17											TOTAL SERVICING FEES									94,038.10
										PREPAYMENTS IN FULL							9,115,815.99
				TOTAL		2,714,438.81
				UNSCHEDULED INTEREST:						LIQUIDATION PROCEEDS							0.00
										REPURCHASE PROCEEDS							0.00
				PREPAYMENT PENALTIES		339,686.64
				YIELD MAINTENANCE PENALTIES		0.00				OTHER PRINCIPAL PROCEEDS							0.00
				OTHER INTEREST PROCEEDS		0.00				TOTAL UNSCHEDULED PRINCIPAL											9,794,105.16
				TOTAL		339,686.64				REMITTANCE PRINCIPAL							10,106,926.09

				LESS FEE PAID TO SERVICER		(94,038.10)					REMITTANCE P&I DUE TRUST								13,064,297.22
				LESS FEE STRIPS PAID BY SERVICER		0.00
											REMITTANCE P&I DUE CERTS							13,062,792.82
				LESS FEES & EXPENSES PAID BY/TO SERVICER																											PPIS SUMMARY
				SPECIAL SERVICING FEES			0.00						POOL BALANCE SUMMARY
				WORKOUT FEES		0.00										BALANCE								COUNT			GROSS PPIS									0.00
				LIQUIDATION FEES		0.00
										BEGINNING POOL				300,921,933.11									5,466				REDUCED BY PPIE									0.00
				INTEREST DUE SERV ON ADVANCES		0.00				SCHEDULED PRINCIPAL				312,820.93													REDUCED BY SHORTFALLS IN FEES									0.00
				NON RECOVERABLE ADVANCES		0.00				UNSCHEDULED PRINCIPAL				9,794,105.16								158					REDUCED BY OTHER AMOUNTS									0.00
				MISC. FEES & EXPENSES		(2,716.22)				DEFERRED INTEREST				0.00
										LIQUIDATIONS				0.00								2					PPIS REDUCING SCHEDULED INTEREST									0.00
																									PPIS REDUCING SERVICING FEE									0.00
				TOTAL UNSCHEDULED FEES & EXPENSES		(2,716.22)				REPURCHASES				0.00								0
				TOTAL INTEREST DUE TRUST		2,957,371.13				ENDING POOL					290,771,516.17							5,306						PPIS DUE CERTIFICATE									0.00
				LESS FEES & EXPENSES PAID BY/TO TRUST																										ADVANCE SUMMARY (ADVANCE MADE BY SERVICER)
																									PRINCIPAL			INTEREST
				TRUSTEE FEE		(1,504.39)
				FEE STRIPS		0.00																							PRIOR OUTSTANDING					0.00							489,074.60
				MISC. FEES		0.00
				INTEREST RESERVE WITHHOLDING		0.00																							PLUS CURRENT PERIOD					0.00					530,602.50
				PLUS INTEREST RESERVE DEPOSIT		0.00																							LESS RECOVERED					0.00						(423,185.49)
				TOTAL				(1,504.39)																					LESS NON RECOVERED					0.00						0.00
																									ENDING OUTSTANDING			0.00							596,491.61
				TOTAL INTEREST DUE CERTS		2,955,866.73


		10/23/2002 - 16:03 (H119-H132) 2002 LASALLE BANK N.A.																																				PAGE 5 OF 16





		ABN AMRO

		LASALLE BANK	N.A.
	*MERRILL LYNCH MORTGAGE INVESTORS, INC.*
	*ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1*																									STATEMENT DATE:					10/25/2002
																									PAYMENT DATE:								10/25/2002
																									PRIOR PAYMENT:								09/25/2002
																									NEXT PAYMENT:								11/25/2002
																									RECORD DATE:								09/30/2002
					*ABN AMRO ACCT: 67-8946-30-2*


*CASH RECONCILIATION SUMMARY LOAN GROUP 2*



				INTEREST SUMMARY								PRINCIPAL SUMMARY																				SERVICING FEE SUMMARY
				CURRENT SCHEDULED INTEREST		1,074,581.33				SCHEDULED PRINCIPAL:
				LESS DEFERRED INTEREST		0.00				CURRENT SCHEDULED PRINCIPAL							62,816.02										CURRENT SERVICING FEES									39,094.49
				LESS PPIS REDUCING SCHEDULED INT		0.00																					PLUS FEES ADVANCED FOR PPIS									0.00
										ADVANCED SCHEDULED PRINCIPAL							0.00										LESS REDUCTION FOR PPIS									0.00
				PLUS GROSS ADVANCE INTEREST		252,217.37				SCHEDULED PRINCIPAL										62,816.02
				LESS ASER INTEREST ADV REDUCTION					0.00																		PLUS DELINQUENT SERVICING FEES									8,691.50
				LESS OTHER INTEREST NOT ADVANCED		0.00				UNSCHEDULED PRINCIPAL:
				LESS OTHER ADJUSTMENT		0.00				CURTAILMENTS							430,519.72											TOTAL SERVICING FEES									47,785.99
										PREPAYMENTS IN FULL							4,032,951.85
				TOTAL		1,326,798.70
				UNSCHEDULED INTEREST:						LIQUIDATION PROCEEDS							0.00
										REPURCHASE PROCEEDS							0.00
				PREPAYMENT PENALTIES		92,933.30
				YIELD MAINTENANCE PENALTIES		0.00				OTHER PRINCIPAL PROCEEDS							0.00
				OTHER INTEREST PROCEEDS		1,879.43				TOTAL UNSCHEDULED PRINCIPAL											4,463,471.57
				TOTAL		94,812.73				REMITTANCE PRINCIPAL							4,526,287.59

				LESS FEE PAID TO SERVICER		(47,785.99)					REMITTANCE P&I DUE TRUST								5,898,467.96
				LESS FEE STRIPS PAID BY SERVICER		0.00
											REMITTANCE P&I DUE CERTS							5,897,703.39
				LESS FEES & EXPENSES PAID BY/TO SERVICER																											PPIS SUMMARY
				SPECIAL SERVICING FEES			0.00						POOL BALANCE SUMMARY
				WORKOUT FEES		0.00										BALANCE								COUNT			GROSS PPIS									0.00
				LIQUIDATION FEES		0.00
										BEGINNING POOL				152,915,164.77									1,670				REDUCED BY PPIE									0.00
				INTEREST DUE SERV ON ADVANCES		0.00				SCHEDULED PRINCIPAL				62,816.02													REDUCED BY SHORTFALLS IN FEES									0.00
				NON RECOVERABLE ADVANCES		0.00				UNSCHEDULED PRINCIPAL				4,463,471.57								41					REDUCED BY OTHER AMOUNTS									0.00
				MISC. FEES & EXPENSES		(1,645.07)				DEFERRED INTEREST				0.00
										LIQUIDATIONS				0.00								1					PPIS REDUCING SCHEDULED INTEREST									0.00
																									PPIS REDUCING SERVICING FEE									0.00
				TOTAL UNSCHEDULED FEES & EXPENSES		(1,645.07)				REPURCHASES				0.00								0
				TOTAL INTEREST DUE TRUST		1,372,180.37				ENDING POOL					148,381,568.81							1,628						PPIS DUE CERTIFICATE									0.00
				LESS FEES & EXPENSES PAID BY/TO TRUST																										ADVANCE SUMMARY (ADVANCE MADE BY SERVICER)
																									PRINCIPAL			INTEREST
				TRUSTEE FEE		(764.58)
				FEE STRIPS		0.00																							PRIOR OUTSTANDING					0.00							471,302.34
				MISC. FEES		0.00
				INTEREST RESERVE WITHHOLDING		0.00																							PLUS CURRENT PERIOD					0.00					252,217.37
				PLUS INTEREST RESERVE DEPOSIT		0.00																							LESS RECOVERED					0.00						(166,518.22)
				TOTAL				(764.58)																					LESS NON RECOVERED					0.00						0.00
																									ENDING OUTSTANDING			0.00							557,001.49
				TOTAL INTEREST DUE CERTS		1,371,415.80


		10/23/2002 - 16:03 (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:					10/25/2002
																																																	PAYMENT DATE:					10/25/2002
																																PRIOR PAYMENT:											09/25/2002
																																NEXT PAYMENT:												11/25/2002
																																RECORD DATE:													09/30/2002


															*ABN AMRO ACCT: 67-8946-30-2*
															*BOND INTEREST RECONCILIATION*


																					DEDUCTIONS																				ADDITIONS
																																REMAINING
															ACCRUAL					PASS						ACCRUED
DEFERRED &

						PRIOR					INT ACCRUAL			PREPAY-				OTHER			DISTRIBUTABLE						INTEREST				CURRENT PERIOD					OUTSTANDING
																																CREDIT SUPPORT
													THRU						CERTIFICATE						ALLOCABLE					ACCRETION					INTEREST			INT. SHORT-						ON PRIOR			MENT						INTEREST			CERTIFICATE			PAYMENT		(SHORTFALL)/	INTEREST
			CLASS			METHOD DAYS								RATE				INTEREST						PPIS					INTEREST					LOSS/EXP						FALLS DUE				SHORTFALL (3)				PENALTIES		PROCEEDS (1)
INTEREST (2)

				AMOUNT				RECOVERY				SHORTFALLS		ORIGINAL					CURRENT(4)

		AF-1					ACT/360		30	2.043750000%							149,442.89						0.00					0.00					0.00						0.00			0.00					0.00				0.00				149,442.89			149,442.89		0.00		0.00	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		0.00		0.00	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		0.00		0.00	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		0.00		0.00	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		0.00		0.00	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		0.00		0.00	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		0.00		0.00	NA	NA
		AV-1					ACT/360		30	2.183750000%							189,267.42						0.00					0.00					0.00						0.00			0.00					0.00				0.00				189,267.42			189,267.42		0.00		0.00	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		0.00		0.00	NA	NA
		MV-1					ACT/360		30	2.813750000%							32,111.92						0.00					0.00					0.00						0.00			0.00					0.00				0.00				32,111.92			32,111.92		0.00		0.00	NA	NA
		MV-2					ACT/360		30	3.613750000%							42,714.53						0.00					0.00					0.00						0.00			0.00					0.00				0.00				42,714.53			42,714.53		0.00		0.00	NA	NA
		BV-1					ACT/360		30	4.113750000%							31,857.57						0.00					0.00					0.00						0.00			0.00					0.00				0.00				31,857.57			31,857.57		0.00		0.00	NA	NA
		C					30/360		30	6.310656341%							2,386,674.97						0.00					0.00					0.00						3,117,531.82			0.00					0.00				0.00				5,504,206.79			2,252,167.72		(134,507.25)		3,252,039.07	NA	NA
																4,329,764.40						0.00					0.00						0.00				3,117,531.82					0.00				0.00						0.00			7,447,296.22		4,195,257.15			(134,507.25)		3,252,039.07

	(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) 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
	10/23/2002 - 16:03 (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:

10/25/2002

PAYMENT DATE:

10/25/2002

PRIOR PAYMENT:

09/25/2002

NEXT PAYMENT:

11/25/2002

RECORD DATE:

09/30/2002

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

$2,384,193.10

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

10/23/2002 - 16:03 (H119-H132) 2002 LASALLE BANK N.A.

PAGE 8 OF 16





		ABN AMRO

		LASALLE BANK		N.A.
		*MERRILL LYNCH MORTGAGE INVESTORS, INC.*

																																STATEMENT DATE:							10/25/2002
												*ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1*																															PAYMENT DATE:							10/25/2002

																																PRIOR PAYMENT:								09/25/2002
																																NEXT PAYMENT:									11/25/2002
																																RECORD DATE:										09/30/2002

												*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


					10/25/02		502		30,957,029						99	5,206,503				234	13,070,577			496	32,115,901				21	1,400,771			0			0					0		0					123			7,812,394
						7.24%				7.05%			1.43%				1.19%			3.37%		2.98%	7.15%			7.31%	0.30%				0.32%			0.00%			0.00%				0.00%				0.00%				1.77%			1.78%
					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
				10/23/2002 - 16:03 (H119-H132) 2002 LASALLE BANK N.A.																																											PAGE 9 OF 16





		ABN AMRO

		LASALLE BANK		N.A.
		*MERRILL LYNCH MORTGAGE INVESTORS, INC.*

																																STATEMENT DATE:							10/25/2002
												*ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1*																															PAYMENT DATE:							10/25/2002

																																PRIOR PAYMENT:								09/25/2002
																																NEXT PAYMENT:									11/25/2002
																																RECORD DATE:										09/30/2002

												*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


					10/25/02		399		22,131,407						85	4,177,399				188	9,357,503			328	18,346,608				16	927,872			0			0					0		0					92			5,179,307
						7.52%				7.61%			1.60%				1.44%			3.54%		3.22%	6.18%			6.31%	0.30%				0.32%			0.00%			0.00%				0.00%				0.00%				1.73%			1.78%
					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
				10/23/2002 - 16:03 (H119-H132) 2002 LASALLE BANK N.A.																																											PAGE 10 OF 16





		ABN AMRO

		LASALLE BANK		N.A.
		*MERRILL LYNCH MORTGAGE INVESTORS, INC.*

																																STATEMENT DATE:							10/25/2002
												*ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1*																															PAYMENT DATE:							10/25/2002

																																PRIOR PAYMENT:								09/25/2002
																																NEXT PAYMENT:									11/25/2002
																																RECORD DATE:										09/30/2002

												*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


					10/25/02		103		8,825,622						14	1,029,105				46	3,713,074			168	13,769,293				5	472,898			0			0					0		0					31			2,633,087
						6.33%				5.95%			0.86%				0.69%			2.83%		2.50%	10.32%			9.28%	0.31%				0.32%			0.00%			0.00%				0.00%				0.00%				1.90%			1.77%
					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
				10/23/2002 - 16:03 (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:							10/25/2002
																												PAYMENT DATE:								10/25/2002
																												PRIOR PAYMENT:									09/25/2002
																												NEXT PAYMENT:											11/25/2002
																												RECORD DATE:												09/30/2002
											*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
				10/25/02		6,934			439,153,085				199		13,148,768				133	432,620			0	0			3				0			3				50,799					261		283	10.69%		10.30%
					79.24%					76.78%		2.79%				2.90%						0.00%			0.00%				0.04%			0.00%			0.04%						0.01%
				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
			10/23/2002 - 16:03 (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:							10/25/2002
																													PAYMENT DATE:								10/25/2002
																													PRIOR PAYMENT:									09/25/2002
																													NEXT PAYMENT:											11/25/2002
																													RECORD DATE:												09/30/2002
											*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
				10/25/02		5,306			290,771,516				158		9,115,816					109	339,687			0	0			2				0			2				43,491					219		249	10.82%		10.44%
					60.63%					50.84%		2.89%				3.03%							0.00%			0.00%				0.04%			0.00%			0.04%						0.01%
				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
			10/23/2002 - 16:03 (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:							10/25/2002
																													PAYMENT DATE:								10/25/2002
																													PRIOR PAYMENT:									09/25/2002
																													NEXT PAYMENT:											11/25/2002
																													RECORD DATE:												09/30/2002
											*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
				10/25/02		1,628			148,381,569				41		4,032,952					24	92,933			0	0			1				0			1				7,308					341		350	10.41%		10.03%
					18.60%					25.94%		2.46%				2.64%							0.00%			0.00%				0.06%			0.00%			0.06%						0.00%
				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
			10/23/2002 - 16:03 (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:				10/25/2002
																						PAYMENT DATE:					10/25/2002
																						PRIOR PAYMENT:						09/25/2002
																						NEXT PAYMENT:							11/25/2002
																						RECORD DATE:								09/30/2002

							*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


	6987					9/27/02			MI		0			48,484		0		0			0				0			0
	8204					9/19/02			MI		0			41,362		0		0			0				0			0
	6224					9/10/02			NC		0			92,720		0		0			0				0			0
	8545					9/10/02			WV		0			69,767		0		0			0				0			0
	6516					9/5/02			AL		0			74,594		0		0			0				0			0
	3790					9/3/02			PA		0			57,497		0		0			0				0			0
	4802					8/27/02			OK		0			17,992		0		0			0				0			0
	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
										21		0	1,400,771		0		0			0					0	0


																								PAGE 15 OF 16
		10/23/2002 - 16:03 (H119-H132) 2002 LASALLE BANK N.A.





		ABN AMRO

		LASALLE BANK	N.A.
	*MERRILL LYNCH MORTGAGE INVESTORS, INC.*
																	STATEMENT DATE:			10/25/2002
						*ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1*																	PAYMENT DATE:					10/25/2002
																						PRIOR PAYMENT:							09/25/2002
																						NEXT PAYMENT:								11/25/2002
																						RECORD DATE:									09/30/2002

						*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



				200210	1421		NOT AVAIL.	NOT AVAIL.	33,731.16		0.00			0.00%	0.00				0.00		0.00%				2,764.17
				200210	2954		NOT AVAIL.	NOT AVAIL.	49,449.67		0.00			0.00%	0.00				0.00		0.00%				40,726.68
				200210	7403		NOT AVAIL.	NOT AVAIL.	6,421.63		0.00			0.00%	0.00				0.00		0.00%				7,308.37
				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
			CURRENT TOTAL							89,602.46			0.00			0.00		0.00									50,799.22
			CUMULATIVE							1,055,089.09		152,354.89					10,016.34		142,338.55							276,500.75
	* AGGREGATE LIQUIDATION EXPENSES ALSO INCLUDE OUTSTANDING P&I ADVANCES AND UNPAID SERVICING FEES, UNPAID TRUSTEE FEES, ETC..
	10/23/2002 - 16:03 (H119-H132) 2002 LASALLE BANK N.A.																							PAGE 16 OF 16

MERRILL LYNCH MORT LN ASS BKD CERTS SER 2002 AFC1 8-K