8-K 1 ml02afc1_200301.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: January 27, 2003
(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 January 27, 2003.

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 January 27, 2003.

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: January 27, 2003.

ABN AMRO

LASALLE BANK

N.A.

MERRILL LYNCH MORTGAGE INVESTORS, INC.

STATEMENT DATE:

01/27/2003

ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1

PAYMENT DATE:

01/27/2003

135 S. LASALLE STREET SUITE 1625

CHICAGO, IL 60603-4159

USA

PRIOR PAYMENT:

12/26/2002

NEXT PAYMENT:

02/25/2003

RECORD DATE:

12/31/2002

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_200301_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

PARTIES TO THE TRANSACTION

DEPOSITOR: MERRILL LYNCH MORTGAGE INVESTORS INC.

UNDERWRITER: MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

MASTER SERVICER: FAIRBANKS CAPITAL CORPORATION

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

INFORMATION IS AVAILABLE FOR THIS ISSUE FROM THE FOLLOWING SOURCES

LASALLE WEB SITE

WWW.ETRUSTEE.NET

LASALLE FACTOR LINE

(800) 246-5761

01/27/2003 - 07:00 (H119-H132) 2003 LASALLE BANK N.A.

PAGE 1 OF 14





	ABN AMRO

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

										*ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1*																											STATEMENT DATE:								01/27/2003

																																		PAYMENT DATE:						01/27/2003
WAC:						10.699979%																															PRIOR PAYMENT:							12/26/2002
																																		NEXT PAYMENT:								02/25/2003
WAMM:						258
																																		RECORD DATE:									12/31/2002
CURRENT INDEX:						1.420000%
NEXT INDEX:						1.352500%				*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					58,162,411.27					7,734,188.24			0.00			0.00				50,428,223.03				85,304.87					0.00					1.65000000%
	589929XU7													350.375971506			46.591495422			0.000000000			0.000000000				303.784476084					0.513884759				0.000000000							1.582500000%

	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	60,400,000.00					0.00			0.00			0.00				55,800,000.00				337,233.33					0.00					6.70000000%
	589929XX1													820.652173913			0.000000000			0.000000000			0.000000000				758.152173913					4.581974592				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					89,964,958.20					3,220,550.98			0.00			0.00				86,744,407.22				143,144.24					0.00					1.79000000%
	589929YB8													613.145216627			21.949273004			0.000000000			0.000000000				591.195943623					0.975582136				0.000000000							1.722500000%

	AV-IO						37,000,000.00				N	28,800,000.00					0.00			0.00			0.00				26,600,000.00				120,000.00					0.00					5.00000000%
	589929YC6													778.378378378			0.000000000			0.000000000			0.000000000				718.918918919					3.243243243				0.000000000							N/A

	MV-1						13,695,000.00					13,695,000.00					0.00			0.00			0.00				13,695,000.00				29,459.47					0.00					2.42000000%
	589929YD4													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					2.151111355				0.000000000							2.352500000%

	MV-2						14,184,000.00					14,184,000.00					0.00			0.00			0.00				14,184,000.00				40,597.76					0.00					3.22000000%
	589929YE2													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					2.862222222				0.000000000							3.152500000%

	BV-1						9,293,000.00					9,293,000.00					0.00			0.00			0.00				9,293,000.00				30,728.85					0.00					3.72000000%
	589929YF9													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					3.306666308				0.000000000							3.652500000%

	C						571,972,863.34				N	410,345,216.40					0.00			0.00			0.00				399,390,477.18				1,948,989.82					(107,489.63)					6.01390059%
	9ABSH1311													717.420777629			0.000000000			0.000000000			0.000000000				698.268227006					3.407486517				(0.187927849)							N/A

	R						0.00					0.00					0.00			0.00			0.00				0.00				0.00					0.00					N/A
	9ABSH1329													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
	9ABSH1501													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
	9ABSH1519													0.000000000			0.000000000			0.000000000			0.000000000				0.000000000					0.000000000				0.000000000



		TOTAL			543,449,000.00								378,849,369.47				10,954,739.22			0.00			0.00				367,894,630.25				3,738,286.78					(107,489.63)

																										TOTAL P&I PAYMENT				14,693,026.00


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
01/27/2003 - 07:00 (H119-H132) 2003 LASALLE BANK N.A.																																						PAGE 2 OF 14





		ABN AMRO

		LASALLE BANK	N.A.
	*MERRILL LYNCH MORTGAGE INVESTORS, INC.*
	*ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1*																									STATEMENT DATE:					01/27/2003
																									PAYMENT DATE:								01/27/2003
																									PRIOR PAYMENT:								12/26/2002
																									NEXT PAYMENT:								02/25/2003
																									RECORD DATE:								12/31/2002
					*ABN AMRO ACCT: 67-8946-30-2*


*CASH RECONCILIATION SUMMARY*



				INTEREST SUMMARY								PRINCIPAL SUMMARY																				SERVICING FEE SUMMARY
				CURRENT SCHEDULED INTEREST		2,806,167.41				SCHEDULED PRINCIPAL:
				LESS DEFERRED INTEREST		0.00				CURRENT SCHEDULED PRINCIPAL							346,888.71										CURRENT SERVICING FEES									99,992.51
				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		852,736.88				SCHEDULED PRINCIPAL										346,888.71
				LESS ASER INTEREST ADV REDUCTION					0.00																		PLUS DELINQUENT SERVICING FEES									28,240.37
				LESS OTHER INTEREST NOT ADVANCED		0.00				UNSCHEDULED PRINCIPAL:
				LESS OTHER ADJUSTMENT		0.00				CURTAILMENTS							170,223.93											TOTAL SERVICING FEES									128,232.88
										PREPAYMENTS IN FULL							10,346,695.37
				TOTAL		3,658,904.29
				UNSCHEDULED INTEREST:						LIQUIDATION PROCEEDS							0.00
										REPURCHASE PROCEEDS							0.00
				PREPAYMENT PENALTIES		317,339.00
				YIELD MAINTENANCE PENALTIES		0.00				OTHER PRINCIPAL PROCEEDS							0.00
				OTHER INTEREST PROCEEDS		0.00				TOTAL UNSCHEDULED PRINCIPAL											10,516,919.30
				TOTAL		317,339.00				REMITTANCE PRINCIPAL							10,863,808.01

				LESS FEE PAID TO SERVICER		(128,232.88)					REMITTANCE P&I DUE TRUST								14,695,077.73
				LESS FEE STRIPS PAID BY SERVICER		0.00
											REMITTANCE P&I DUE CERTS							14,693,026.01
				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				410,345,216.40									6,542				REDUCED BY PPIE									0.00
				INTEREST DUE SERV ON ADVANCES		0.00				SCHEDULED PRINCIPAL				346,888.71													REDUCED BY SHORTFALLS IN FEES									0.00
				NON RECOVERABLE ADVANCES		0.00				UNSCHEDULED PRINCIPAL				10,349,761.09								147					REDUCED BY OTHER AMOUNTS									0.00
				MISC. FEES & EXPENSES		(16,740.69)				DEFERRED INTEREST				0.00
										LIQUIDATIONS				167,158.21								5					PPIS REDUCING SCHEDULED INTEREST									0.00
																									PPIS REDUCING SERVICING FEE									0.00
				TOTAL UNSCHEDULED FEES & EXPENSES		(16,740.69)				REPURCHASES				0.00								0
				TOTAL INTEREST DUE TRUST		3,831,269.72				ENDING POOL					399,390,477.18							6,393						PPIS DUE CERTIFICATE									0.00
				LESS FEES & EXPENSES PAID BY/TO TRUST																										ADVANCE SUMMARY (ADVANCE MADE BY SERVICER)
																									PRINCIPAL			INTEREST
				TRUSTEE FEE		(2,051.73)
				FEE STRIPS		0.00																							PRIOR OUTSTANDING					0.00							1,216,318.03
				MISC. FEES		0.00
				INTEREST RESERVE WITHHOLDING		0.00																							PLUS CURRENT PERIOD					0.00					852,736.88
				PLUS INTEREST RESERVE DEPOSIT		0.00																							LESS RECOVERED					0.00						(684,706.70)
				TOTAL				(2,051.73)																					LESS NON RECOVERED					0.00						0.00
																									ENDING OUTSTANDING			0.00							1,384,348.20
				TOTAL INTEREST DUE CERTS		3,829,218.00


		01/27/2003 - 07:00 (H119-H132) 2003 LASALLE BANK N.A.																																				PAGE 4 OF 14





		ABN AMRO

		LASALLE BANK	N.A.
	*MERRILL LYNCH MORTGAGE INVESTORS, INC.*
	*ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1*																									STATEMENT DATE:					01/27/2003
																									PAYMENT DATE:								01/27/2003
																									PRIOR PAYMENT:								12/26/2002
																									NEXT PAYMENT:								02/25/2003
																									RECORD DATE:								12/31/2002
					*ABN AMRO ACCT: 67-8946-30-2*


*CASH RECONCILIATION SUMMARY LOAN GROUP 1*



				INTEREST SUMMARY								PRINCIPAL SUMMARY																				SERVICING FEE SUMMARY
				CURRENT SCHEDULED INTEREST		1,870,223.80				SCHEDULED PRINCIPAL:
				LESS DEFERRED INTEREST		0.00				CURRENT SCHEDULED PRINCIPAL							286,926.41										CURRENT SERVICING FEES									66,093.90
				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		573,819.94				SCHEDULED PRINCIPAL										286,926.41
				LESS ASER INTEREST ADV REDUCTION					0.00																		PLUS DELINQUENT SERVICING FEES									18,740.50
				LESS OTHER INTEREST NOT ADVANCED		0.00				UNSCHEDULED PRINCIPAL:
				LESS OTHER ADJUSTMENT		0.00				CURTAILMENTS							56,171.29											TOTAL SERVICING FEES									84,834.40
										PREPAYMENTS IN FULL							7,300,159.33
				TOTAL		2,444,043.75
				UNSCHEDULED INTEREST:						LIQUIDATION PROCEEDS							0.00
										REPURCHASE PROCEEDS							0.00
				PREPAYMENT PENALTIES		250,647.99
				YIELD MAINTENANCE PENALTIES		0.00				OTHER PRINCIPAL PROCEEDS							0.00
				OTHER INTEREST PROCEEDS		0.00				TOTAL UNSCHEDULED PRINCIPAL											7,356,330.62
				TOTAL		250,647.99				REMITTANCE PRINCIPAL							7,643,257.03

				LESS FEE PAID TO SERVICER		(84,834.40)					REMITTANCE P&I DUE TRUST								10,252,352.19
				LESS FEE STRIPS PAID BY SERVICER		0.00
											REMITTANCE P&I DUE CERTS							10,250,994.84
				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				271,470,085.32									5,002				REDUCED BY PPIE									0.00
				INTEREST DUE SERV ON ADVANCES		0.00				SCHEDULED PRINCIPAL				286,926.41													REDUCED BY SHORTFALLS IN FEES									0.00
				NON RECOVERABLE ADVANCES		0.00				UNSCHEDULED PRINCIPAL				7,189,172.41								120					REDUCED BY OTHER AMOUNTS									0.00
				MISC. FEES & EXPENSES		(762.18)				DEFERRED INTEREST				0.00
										LIQUIDATIONS				167,158.21								5					PPIS REDUCING SCHEDULED INTEREST									0.00
																									PPIS REDUCING SERVICING FEE									0.00
				TOTAL UNSCHEDULED FEES & EXPENSES		(762.18)				REPURCHASES				0.00								0
				TOTAL INTEREST DUE TRUST		2,609,095.16				ENDING POOL					263,735,897.08							4,880						PPIS DUE CERTIFICATE									0.00
				LESS FEES & EXPENSES PAID BY/TO TRUST																										ADVANCE SUMMARY (ADVANCE MADE BY SERVICER)
																									PRINCIPAL			INTEREST
				TRUSTEE FEE		(1,357.35)
				FEE STRIPS		0.00																							PRIOR OUTSTANDING					0.00							654,274.45
				MISC. FEES		0.00
				INTEREST RESERVE WITHHOLDING		0.00																							PLUS CURRENT PERIOD					0.00					573,819.94
				PLUS INTEREST RESERVE DEPOSIT		0.00																							LESS RECOVERED					0.00						(457,182.32)
				TOTAL				(1,357.35)																					LESS NON RECOVERED					0.00						0.00
																									ENDING OUTSTANDING			0.00							770,912.08
				TOTAL INTEREST DUE CERTS		2,607,737.81


		01/27/2003 - 07:00 (H119-H132) 2003 LASALLE BANK N.A.																																				PAGE 5 OF 14





		ABN AMRO

		LASALLE BANK	N.A.
	*MERRILL LYNCH MORTGAGE INVESTORS, INC.*
	*ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1*																									STATEMENT DATE:					01/27/2003
																									PAYMENT DATE:								01/27/2003
																									PRIOR PAYMENT:								12/26/2002
																									NEXT PAYMENT:								02/25/2003
																									RECORD DATE:								12/31/2002
					*ABN AMRO ACCT: 67-8946-30-2*


*CASH RECONCILIATION SUMMARY LOAN GROUP 2*



				INTEREST SUMMARY								PRINCIPAL SUMMARY																				SERVICING FEE SUMMARY
				CURRENT SCHEDULED INTEREST		935,943.61				SCHEDULED PRINCIPAL:
				LESS DEFERRED INTEREST		0.00				CURRENT SCHEDULED PRINCIPAL							59,962.30										CURRENT SERVICING FEES									33,898.61
				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		278,916.94				SCHEDULED PRINCIPAL										59,962.30
				LESS ASER INTEREST ADV REDUCTION					0.00																		PLUS DELINQUENT SERVICING FEES									9,499.87
				LESS OTHER INTEREST NOT ADVANCED		0.00				UNSCHEDULED PRINCIPAL:
				LESS OTHER ADJUSTMENT		0.00				CURTAILMENTS							114,052.64											TOTAL SERVICING FEES									43,398.48
										PREPAYMENTS IN FULL							3,046,536.04
				TOTAL		1,214,860.55
				UNSCHEDULED INTEREST:						LIQUIDATION PROCEEDS							0.00
										REPURCHASE PROCEEDS							0.00
				PREPAYMENT PENALTIES		66,691.01
				YIELD MAINTENANCE PENALTIES		0.00				OTHER PRINCIPAL PROCEEDS							0.00
				OTHER INTEREST PROCEEDS		0.00				TOTAL UNSCHEDULED PRINCIPAL											3,160,588.68
				TOTAL		66,691.01				REMITTANCE PRINCIPAL							3,220,550.98

				LESS FEE PAID TO SERVICER		(43,398.48)					REMITTANCE P&I DUE TRUST								4,442,725.55
				LESS FEE STRIPS PAID BY SERVICER		0.00
											REMITTANCE P&I DUE CERTS							4,442,031.17
				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				138,875,131.08									1,540				REDUCED BY PPIE									0.00
				INTEREST DUE SERV ON ADVANCES		0.00				SCHEDULED PRINCIPAL				59,962.30													REDUCED BY SHORTFALLS IN FEES									0.00
				NON RECOVERABLE ADVANCES		0.00				UNSCHEDULED PRINCIPAL				3,160,588.68								27					REDUCED BY OTHER AMOUNTS									0.00
				MISC. FEES & EXPENSES		(15,978.51)				DEFERRED INTEREST				0.00
										LIQUIDATIONS				0.00								0					PPIS REDUCING SCHEDULED INTEREST									0.00
																									PPIS REDUCING SERVICING FEE									0.00
				TOTAL UNSCHEDULED FEES & EXPENSES		(15,978.51)				REPURCHASES				0.00								0
				TOTAL INTEREST DUE TRUST		1,222,174.57				ENDING POOL					135,654,580.10							1,513						PPIS DUE CERTIFICATE									0.00
				LESS FEES & EXPENSES PAID BY/TO TRUST																										ADVANCE SUMMARY (ADVANCE MADE BY SERVICER)
																									PRINCIPAL			INTEREST
				TRUSTEE FEE		(694.38)
				FEE STRIPS		0.00																							PRIOR OUTSTANDING					0.00							618,191.80
				MISC. FEES		0.00
				INTEREST RESERVE WITHHOLDING		0.00																							PLUS CURRENT PERIOD					0.00					278,916.94
				PLUS INTEREST RESERVE DEPOSIT		0.00																							LESS RECOVERED					0.00						(227,524.39)
				TOTAL				(694.38)																					LESS NON RECOVERED					0.00						0.00
																									ENDING OUTSTANDING			0.00							669,584.34
				TOTAL INTEREST DUE CERTS		1,221,480.19


		01/27/2003 - 07:00 (H119-H132) 2003 LASALLE BANK N.A.																																				PAGE 6 OF 14





	ABN AMRO

	LASALLE BANK		N.A.

					*MERRILL LYNCH MORTGAGE INVESTORS, INC.*

															*ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1*																																		STATEMENT DATE:					01/27/2003
																																																	PAYMENT DATE:					01/27/2003
																																PRIOR PAYMENT:											12/26/2002
																																NEXT PAYMENT:												02/25/2003
																																RECORD DATE:													12/31/2002


															*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		32	1.650000000%							85,304.87						0.00					0.00					0.00						0.00			0.00					0.00				0.00				85,304.87			85,304.87		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%							337,233.33						0.00					0.00					0.00						0.00			0.00					0.00				0.00				337,233.33			337,233.33		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		32	1.790000000%							143,144.24						0.00					0.00					0.00						0.00			0.00					0.00				0.00				143,144.24			143,144.24		0.00		0.00	NA	NA
		AV-IO					30/360		30	5.000000000%							120,000.00						0.00					0.00					0.00						0.00			0.00					0.00				0.00				120,000.00			120,000.00		0.00		0.00	NA	NA
		MV-1					ACT/360		32	2.420000000%							29,459.47						0.00					0.00					0.00						0.00			0.00					0.00				0.00				29,459.47			29,459.47		0.00		0.00	NA	NA
		MV-2					ACT/360		32	3.220000000%							40,597.76						0.00					0.00					0.00						0.00			0.00					0.00				0.00				40,597.76			40,597.76		0.00		0.00	NA	NA
		BV-1					ACT/360		32	3.720000000%							30,728.85						0.00					0.00					0.00						0.00			0.00					0.00				0.00				30,728.85			30,728.85		0.00		0.00	NA	NA
		C					30/360		30	6.013900590%							2,056,479.45						0.00					0.00					0.00						3,513,144.53			0.00					0.00				0.00				5,569,623.98			1,948,989.82		(107,489.63)		3,620,634.16	NA	NA
																3,845,776.41						0.00					0.00						0.00				3,513,144.53					0.00				0.00						0.00			7,358,920.94		3,738,286.78			(107,489.63)		3,620,634.16

	(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 14
	01/27/2003 - 07:00 (H119-H132) 2003 LASALLE BANK N.A.

ABN AMRO

LASALLE BANK

N.A.

MERRILL LYNCH MORTGAGE INVESTORS, INC.

ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1

STATEMENT DATE:

01/27/2003

PAYMENT DATE:

01/27/2003

PRIOR PAYMENT:

12/26/2002

NEXT PAYMENT:

02/25/2003

RECORD DATE:

12/31/2002

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

$2,039,921.03

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

01/27/2003 - 07:00 (H119-H132) 2003 LASALLE BANK N.A.

PAGE 8 OF 14





		ABN AMRO

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

																																STATEMENT DATE:							01/27/2003
												*ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1*																															PAYMENT DATE:							01/27/2003

																																PRIOR PAYMENT:								12/26/2002
																																NEXT PAYMENT:									02/25/2003
																																RECORD DATE:										12/31/2002

												*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


					1/27/03		476		27,208,491						96	4,618,215				247	12,373,004			705	45,226,673				46	3,250,274			0			0					0		0					177			10,813,115
						7.45%				6.81%			1.50%				1.16%			3.86%		3.10%	11.03%			11.32%	0.72%				0.81%			0.00%			0.00%				0.00%				0.00%				2.77%			2.71%
					12/26/02		430		24,504,352						82	4,591,511				139	5,588,545			709	45,500,054				46	3,250,274			0			0					0		0					156			9,501,693
						6.57%				5.97%			1.25%				1.12%			2.12%		1.36%	10.84%			11.09%	0.70%				0.79%			0.00%			0.00%				0.00%				0.00%				2.38%			2.32%
					11/25/02		472		28,049,156						95	5,412,508				270	14,547,976			512	33,310,436				36	2,676,665			0			0					0		0					144			8,785,478
						7.02%				6.63%			1.41%				1.28%			4.02%		3.44%	7.62%			7.87%	0.54%				0.63%			0.00%			0.00%				0.00%				0.00%				2.14%			2.08%
					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		498		29,417,337						70	4,237,154				587	36,312,779			407	26,033,739				8	561,531			0			0					0		0					94			5,476,587
						6.77%				6.29%			0.95%				0.91%			7.98%		7.76%	5.54%			5.57%	0.11%				0.12%			0.00%			0.00%				0.00%				0.00%				1.28%			1.17%
					7/25/02		443		27,349,802						90	5,725,890				526	31,749,511			362	22,883,248				5	365,769			0			0					0		0					86			4,878,374
						5.84%				5.65%			1.19%				1.18%			6.93%		6.56%	4.77%			4.73%	0.07%				0.08%			0.00%			0.00%				0.00%				0.00%				1.13%			1.01%
					6/25/02		437		26,458,128						80	4,166,324				439	45,885,678			319	0				3	116,625			0			0					0		0					65			3,957,250
						5.62%				5.32%			1.03%				0.84%			5.65%		9.23%	4.11%			0.00%	0.04%				0.02%			0.00%			0.00%				0.00%				0.00%				0.84%			0.80%
					5/28/02		477		27,421,745						73	4,334,749				359	21,440,213			252	15,116,634				2	76,690			0			0					0		0					56			3,520,795
						5.98%				5.34%			0.92%				0.84%			4.50%		4.18%	3.16%			2.95%	0.03%				0.01%			0.00%			0.00%				0.00%				0.00%				0.70%			0.69%
					4/25/02		439		26,360,023						78	4,830,785				483	31,083,171			194	12,141,742				2	76,690			0			0					0		0					42			2,702,315
						5.36%				4.97%			0.95%				0.91%			5.90%		5.86%	2.37%			2.29%	0.02%				0.01%			0.00%			0.00%				0.00%				0.00%				0.51%			0.51%
					3/25/02		455		26,688,403						83	4,799,317				390	25,983,120			163	9,168,187				0	0			0			0					0		0					21			1,145,361
						5.42%				4.89%			0.99%				0.88%			4.64%		4.76%	1.94%			1.68%	0.00%				0.00%			0.00%			0.00%				0.00%				0.00%				0.25%			0.21%
					2/25/02		518		29,035,724						80	4,036,534				94	5,417,971			66	3,750,212				0	0			0			0					0		0					20			1,140,628
						6.03%				5.17%			0.93%				0.72%			1.09%		0.96%	0.77%			0.67%	0.00%				0.00%			0.00%			0.00%				0.00%				0.00%				0.23%			0.20%
			(1) NOTE: MODIFICATION, SPECIALLY SERVICED & BANKRUPTCY TOTALS ARE INCLUDED IN THE APPROPRIATE DELINQUENCY AGING CATEGORY
				01/27/2003 - 07:00 (H119-H132) 2003 LASALLE BANK N.A.																																											PAGE 9 OF 14





		ABN AMRO

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

																																STATEMENT DATE:							01/27/2003
												*ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1*																															PAYMENT DATE:							01/27/2003

																																PRIOR PAYMENT:								12/26/2002
																																NEXT PAYMENT:									02/25/2003
																																RECORD DATE:										12/31/2002

												*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


					1/27/03		379		20,316,162						87	4,136,960				194	8,514,464			474	26,616,050				28	1,566,259			0			0					0		0					131			7,146,969
						7.77%				7.70%			1.78%				1.57%			3.98%		3.23%	9.71%			10.09%	0.57%				0.59%			0.00%			0.00%				0.00%				0.00%				2.68%			2.71%
					12/26/02		347		18,265,695						71	3,694,607				117	4,156,767			480	27,026,848				28	1,566,259			0			0					0		0					119			6,563,826
						6.94%				6.73%			1.42%				1.36%			2.34%		1.53%	9.60%			9.96%	0.56%				0.58%			0.00%			0.00%				0.00%				0.00%				2.38%			2.42%
					11/25/02		378		20,855,355						76	4,001,827				218	10,523,532			341	19,058,132				22	1,237,427			0			0					0		0					109			6,077,979
						7.35%				7.44%			1.48%				1.43%			4.24%		3.76%	6.63%			6.80%	0.43%				0.44%			0.00%			0.00%				0.00%				0.00%				2.12%			2.17%
					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		397		21,341,580						56	3,216,255				424	23,251,445			278	15,663,591				8	450,339			0			0					0		0					68			3,739,477
						7.05%				6.88%			0.99%				1.04%			7.52%		7.49%	4.93%			5.05%	0.14%				0.15%			0.00%			0.00%				0.00%				0.00%				1.21%			1.21%
					7/25/02		354		19,702,668						77	4,508,879				387	20,785,783			252	14,221,717				4	254,578			0			0					0		0					66			3,546,456
						6.09%				6.15%			1.32%				1.41%			6.66%		6.48%	4.34%			4.44%	0.07%				0.08%			0.00%			0.00%				0.00%				0.00%				1.14%			1.11%
					6/25/02		365		20,109,979						72	3,509,710				329	17,662,647			224	12,102,853				3	116,625			0			0					0		0					55			3,345,567
						6.14%				6.11%			1.21%				1.07%			5.53%		5.37%	3.77%			3.68%	0.05%				0.04%			0.00%			0.00%				0.00%				0.00%				0.93%			1.02%
					5/28/02		400		21,230,880						62	3,272,763				270	14,400,344			177	9,435,765				2	76,690			0			0					0		0					48			2,977,608
						6.56%				6.27%			1.02%				0.97%			4.43%		4.25%	2.90%			2.79%	0.03%				0.02%			0.00%			0.00%				0.00%				0.00%				0.79%			0.88%
					4/25/02		367		19,824,064						65	3,612,533				370	20,618,137			137	7,621,110				2	76,690			0			0					0		0					35			2,179,822
						5.86%				5.67%			1.04%				1.03%			5.91%		5.90%	2.19%			2.18%	0.03%				0.02%			0.00%			0.00%				0.00%				0.00%				0.56%			0.62%
					3/25/02		381		20,588,053						77	4,031,234				305	17,716,395			125	6,630,804				0	0			0			0					0		0					17			821,617
						5.93%				5.72%			1.20%				1.12%			4.75%		4.93%	1.95%			1.84%	0.00%				0.00%			0.00%			0.00%				0.00%				0.00%				0.26%			0.23%
					2/25/02		432		23,013,588						70	3,065,689				89	5,041,506			66	3,750,212				0	0			0			0					0		0					16			816,768
						6.57%				6.23%			1.07%				0.83%			1.35%		1.36%	1.00%			1.01%	0.00%				0.00%			0.00%			0.00%				0.00%				0.00%				0.24%			0.22%
			(1) NOTE: MODIFICATION, SPECIALLY SERVICED & BANKRUPTCY TOTALS ARE INCLUDED IN THE APPROPRIATE DELINQUENCY AGING CATEGORY
				01/27/2003 - 07:00 (H119-H132) 2003 LASALLE BANK N.A.																																											PAGE 10 OF 14





		ABN AMRO

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

																																STATEMENT DATE:							01/27/2003
												*ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1*																															PAYMENT DATE:							01/27/2003

																																PRIOR PAYMENT:								12/26/2002
																																NEXT PAYMENT:									02/25/2003
																																RECORD DATE:										12/31/2002

												*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


					1/27/03		97		6,892,329						9	481,255				53	3,858,540			231	18,610,623				18	1,684,015			0			0					0		0					46			3,666,146
						6.41%				5.08%			0.59%				0.35%			3.50%		2.84%	15.27%			13.72%	1.19%				1.24%			0.00%			0.00%				0.00%				0.00%				3.04%			2.70%
					12/26/02		83		6,238,657						11	896,905				22	1,431,778			229	18,473,205				18	1,684,015			0			0					0		0					37			2,937,867
						5.39%				4.49%			0.71%				0.65%			1.43%		1.03%	14.87%			13.30%	1.17%				1.21%			0.00%			0.00%				0.00%				0.00%				2.40%			2.12%
					11/25/02		94		7,193,800						19	1,410,681				52	4,024,443			171	14,252,304				14	1,439,238			0			0					0		0					35			2,707,499
						5.96%				5.03%			1.20%				0.99%			3.30%		2.81%	10.84%			9.96%	0.89%				1.01%			0.00%			0.00%				0.00%				0.00%				2.22%			1.89%
					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		97		8,075,757						14	1,020,899				163	13,061,334			129	10,370,149				1	111,191			0			0					0		0					26			1,737,110
						5.65%				5.13%			0.82%				0.65%			9.49%		8.30%	7.51%			6.59%	0.06%				0.07%			0.00%			0.00%				0.00%				0.00%				1.51%			1.10%
					7/25/02		89		7,647,134						13	1,217,010				139	10,963,728			110	8,661,531				1	111,191			0			0					0		0					20			1,331,917
						5.01%				4.69%			0.73%				0.75%			7.83%		6.72%	6.19%			5.31%	0.06%				0.07%			0.00%			0.00%				0.00%				0.00%				1.13%			0.82%
					6/25/02		72		6,348,149						8	656,614				110	8,712,712			95	7,407,467				0	0			0			0					0		0					10			611,683
						3.95%				3.77%			0.44%				0.39%			6.03%		5.18%	5.21%			4.40%	0.00%				0.00%			0.00%			0.00%				0.00%				0.00%				0.55%			0.36%
					5/28/02		77		6,190,865						11	1,061,986				89	7,036,868			75	5,680,869				0	0			0			0					0		0					8			543,187
						4.11%				3.55%			0.59%				0.61%			4.75%		4.03%	4.00%			3.25%	0.00%				0.00%			0.00%			0.00%				0.00%				0.00%				0.43%			0.31%
					4/25/02		72		6,535,960						13	1,218,252				113	10,465,033			57	4,520,632				0	0			0			0					0		0					7			522,494
						3.73%				3.62%			0.67%				0.67%			5.85%		5.79%	2.95%			2.50%	0.00%				0.00%			0.00%			0.00%				0.00%				0.00%				0.36%			0.29%
					3/25/02		74		6,100,350						6	768,083				85	8,266,724			38	2,537,383				0	0			0			0					0		0					4			323,744
						3.74%				3.28%			0.30%				0.41%			4.30%		4.45%	1.92%			1.37%	0.00%				0.00%			0.00%			0.00%				0.00%				0.00%				0.20%			0.17%
					2/25/02		86		6,022,136						10	970,845				5	376,465			0	0				0	0			0			0					0		0					4			323,860
						4.25%				3.14%			0.49%				0.51%			0.25%		0.20%	0.00%			0.00%	0.00%				0.00%			0.00%			0.00%				0.00%				0.00%				0.20%			0.17%
			(1) NOTE: MODIFICATION, SPECIALLY SERVICED & BANKRUPTCY TOTALS ARE INCLUDED IN THE APPROPRIATE DELINQUENCY AGING CATEGORY
				01/27/2003 - 07:00 (H119-H132) 2003 LASALLE BANK N.A.																																											PAGE 11 OF 14





	ABN AMRO

	LASALLE BANK		N.A.
	*MERRILL LYNCH MORTGAGE INVESTORS, INC.*
	*ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1*																															STATEMENT DATE:							01/27/2003
																												PAYMENT DATE:								01/27/2003
																												PRIOR PAYMENT:									12/26/2002
																												NEXT PAYMENT:											02/25/2003
																												RECORD DATE:												12/31/2002
											*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
				1/27/03		6,393			399,390,477				147		10,346,695				85	317,339			0	0			5				167,158			5				90,931					258		281	10.70%		10.32%
					73.05%					69.83%		2.25%				2.52%						0.00%			0.00%				0.08%			0.04%			0.08%						0.02%
				12/26/02		6,542			410,345,216				179		12,363,998				125	419,318			0	0			5				143,598			5				86,872					260		281	10.67%		10.29%
					74.76%					71.74%		2.66%				2.92%						0.00%			0.00%				0.07%			0.03%			0.07%						0.02%
				11/25/02		6,723			423,364,339				207		14,927,478				139	527,422			0	0			4				284,776			4				107,283					258		282	10.68%		10.30%
					76.83%					74.02%		2.99%				3.40%						0.00%			0.00%				0.06%			0.06%			0.06%						0.02%
				10/25/02		6,934			439,153,085				199		13,059,165				133	432,620			0	0			3				89,602			3				50,799					261		283	10.69%		10.30%
					79.24%					76.78%		2.79%				2.88%						0.00%			0.00%				0.04%			0.02%			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 14
			01/27/2003 - 07:00 (H119-H132) 2003 LASALLE BANK N.A.





	ABN AMRO

	LASALLE BANK		N.A.
	*MERRILL LYNCH MORTGAGE INVESTORS, INC.*
	*ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1*																																STATEMENT DATE:							01/27/2003
																													PAYMENT DATE:								01/27/2003
																													PRIOR PAYMENT:									12/26/2002
																													NEXT PAYMENT:											02/25/2003
																													RECORD DATE:												12/31/2002
											*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
				1/27/03		4,880			263,735,897				120		7,300,159					72	250,648			0	0			5				167,158			5				90,931					216		247	10.80%		10.42%
					55.77%					46.11%		2.40%				2.69%							0.00%			0.00%				0.10%			0.06%			0.10%						0.03%
				12/26/02		5,002			271,470,085				143		8,189,924					102	297,726			0	0			4				140,864			4				86,872					220		247	10.81%		10.42%
					57.16%					47.46%		2.78%				2.92%							0.00%			0.00%				0.08%			0.05%			0.08%						0.03%
				11/25/02		5,146			280,241,453				157		9,788,316					108	359,347			0	0			3				244,479			3				103,735					216		248	10.81%		10.43%
					58.80%					49.00%		2.96%				3.37%							0.00%			0.00%				0.06%			0.08%			0.06%						0.04%
				10/25/02		5,306			290,771,516				158		9,032,635					109	339,687			0	0			2				83,181			2				43,491					219		249	10.82%		10.44%
					60.63%					50.84%		2.89%				3.00%							0.00%			0.00%				0.04%			0.03%			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 14
			01/27/2003 - 07:00 (H119-H132) 2003 LASALLE BANK N.A.





	ABN AMRO

	LASALLE BANK		N.A.
	*MERRILL LYNCH MORTGAGE INVESTORS, INC.*
	*ASSET-BACKED CERTIFICATES, SERIES 2002-AFC1*																																STATEMENT DATE:							01/27/2003
																													PAYMENT DATE:								01/27/2003
																													PRIOR PAYMENT:									12/26/2002
																													NEXT PAYMENT:											02/25/2003
																													RECORD DATE:												12/31/2002
											*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
				1/27/03		1,513			135,654,580				27		3,046,536					13	66,691			0	0			0				0			0				0					338		347	10.50%		10.12%
					17.29%					23.72%		1.75%				2.19%							0.00%			0.00%				0.00%			0.00%			0.00%						0.00%
				12/26/02		1,540			138,875,131				36		4,174,074					23	121,592			0	0			1				2,734			1				2,734					339		348	10.41%		10.03%
					17.60%					24.28%		2.28%				2.92%							0.00%			0.00%				0.06%			0.00%			0.06%						0.00%
				11/25/02		1,577			143,122,886				50		5,139,162					31	168,074			0	0			1				40,297			1				3,548					340		349	10.41%		10.03%
					18.02%					25.02%		3.07%				3.46%							0.00%			0.00%				0.06%			0.03%			0.06%						0.00%
				10/25/02		1,628			148,381,569				41		4,026,530					24	92,933			0	0			1				6,422			1				7,308					341		350	10.41%		10.03%
					18.60%					25.94%		2.46%				2.63%							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 14
			01/27/2003 - 07:00 (H119-H132) 2003 LASALLE BANK N.A.

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