Content:

Pages

Contact Information:

Statement to Certificate Holders

2-3

Analyst:

William Wong

714.259.6243

Statement to Certificate Holders (Factors)

4-5

william.wong@abnamro.com

Pool/Non-Pool Funds Cash Reconciliation

Administrator:

Amanda Hellyer

312.904.6299

Pool Detail and Performance Indicators

amanda.hellyer@abnamro.com

Bond Interest Reconciliation Part I

LaSalle Website:

www.etrustee.net

Bond Interest Reconciliation Part II

Bond Principal Reconciliation

Rating Information

Outside Parties To The Transaction

15 Month Loan Status Summary Part I

15 Month Loan Status Summary Part II

15 Month Historical Payoff Summary

Prepayment Summary

Current Period Realized Loss Detail

Historical Realized Loss Summary

Realized Loss Summary

Servicemembers Civil Relief Act

Material Breaches Detail

Modified Loan Detail

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Distribution Date: 25-Apr-06

ABN AMRO Acct : 723356.1

Payment Date:

25-Apr-06

Prior Payment:

27-Mar-06

Next Payment:

25-May-06

Record Date:

31-Mar-06

Issuer: Merrill Lynch & Company- Asset Backed Sec. Group

Distribution Count:

Depositor: Merrill Lynch Mortgage Investors Inc.

Underwriter: Merrill Lynch & Company- Asset Backed Sec. Group

Closing Date:

26-Jan-06

Master Servicer: Wilshire Credit Corporation

First Pay. Date:

Rating Agency: Moody's Investors Service, Inc./Standard & Poor's

27-Feb-06

Rated Final

Payment Date:

25-Sep-36

Determination

Date:

14-Apr-06

24-Apr-2006 13:35

59020U2N4

276,882,000.00

261,761,704.68

10,197,795.99

0.00

251,563,908.69

1,053,923.66

0.00

4.9981300000%

M-1

59020U2P9

32,302,000.00

0.00

32,302,000.00

135,781.25

0.00

5.2181300000%

M-2

59020U2Q7

27,286,000.00

0.00

27,286,000.00

119,532.21

0.00

5.4381300000%

B-1

59020U2R5

16,653,000.00

0.00

16,653,000.00

82,074.20

0.00

6.1181300000%

B-2

59020U2S3

7,624,000.00

0.00

7,624,000.00

38,496.07

0.00

6.2681300000%

B-3

59020U2T1

6,420,000.00

0.00

6,420,000.00

37,846.93

0.00

7.3181300000%

B-4

59020U2U8

7,423,000.00

0.00

7,423,000.00

46,393.75

0.00

7.5000000000%

B-5

59020U2V6

7,022,000.00

0.00

7,022,000.00

43,887.50

0.00

7.5000000000%

59020U2X2

19,667,198.96

22,606,410.74

0.00

1,441,063.42

24,047,474.16

0.00

(2,357.37)

N/A

59020U2W4

100.00

0.00

N/A

Total

401,279,298.96

389,098,115.42

10,197,795.99

0.00

1,441,063.42

380,341,382.85

1,557,935.57

(2,357.37)

Total P&I Payment

11,755,731.56

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Current Realized

Loss

Class

CUSIP

Beginning

Certificate Balance

Principal Payment

Original Face Value

(1)

Distribution Date: 25-Apr-06

Pass-Through

Rate

Deferred Interest

Ending Certificate

Balance

Interest Payment

(2)

Interest

Adjustment

Bond Payments

Merrill Lynch Mortgage Investors Trust

(1)

N denotes notional balance not included in total

(2)

Accrued Interest plus/minus Interest Adjustment minus Deferred Interest equals Interest Payment * Denotes Controlling Class

24-Apr-2006 13:35

Page 2 of 21

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Distribution Date: 25-Apr-06

Merrill Lynch Mortgage Investors Trust

59020U2Y0

0.00

79,019.26

N/A

Total

0.00

79,019.26

Total P&I Payment

79,019.26

Deferred Interest

Ending Certificate

Balance

Interest Payment

(2)

Interest

Adjustment

Pass-Through

Rate

(1)

N denotes notional balance not included in total

(2)

Accrued Interest plus/minus Interest Adjustment minus Deferred Interest equals Interest Payment * Denotes Controlling Class

Bond Payments

Class

CUSIP

Original Face Value

(1)

Beginning

Certificate Balance

Principal Payment

Current Realized

Loss

24-Apr-2006 13:35

Page 3 of 21

59020U2N4

276,882,000.00

945.390833207

36.830837649

0.000000000

908.559995558

3.806400055

0.000000000

5.13938000%

M-1

59020U2P9

32,302,000.00

1000.000000000

0.000000000

1000.000000000

4.203493592

0.000000000

5.35938000%

M-2

59020U2Q7

27,286,000.00

1000.000000000

0.000000000

1000.000000000

4.380715752

0.000000000

5.57938000%

B-1

59020U2R5

16,653,000.00

1000.000000000

0.000000000

1000.000000000

4.928493365

0.000000000

6.25938000%

B-2

59020U2S3

7,624,000.00

1000.000000000

0.000000000

1000.000000000

5.049327125

0.000000000

6.40938000%

B-3

59020U2T1

6,420,000.00

1000.000000000

0.000000000

1000.000000000

5.895160436

0.000000000

7.45938000%

B-4

59020U2U8

7,423,000.00

1000.000000000

0.000000000

1000.000000000

6.250000000

0.000000000

Fixed

B-5

59020U2V6

7,022,000.00

1000.000000000

0.000000000

1000.000000000

6.250000000

0.000000000

Fixed

59020U2X2

19,667,198.96

1149.447401533

0.000000000

73.272428012

1222.719829545

0.000000000

(0.119863027)

N/A

59020U2W4

100.00

0.000000000

N/A

* Per $1,000 of Original Face Value ** Estimated

Merrill Lynch Mortgage Investors Trust

Next Rate **

Deferred Interest *

Ending Certificate

Balance *

Interest Payment *

Interest Adjustment*

Statement to Certificate Holders (FACTORS)

Distribution Date: 25-Apr-06

Series 2006-SL1

Mortgage Loan Asset-Backed Certificates

Bond Payments

Current Realized

Loss *

Original Face

Value

Class

CUSIP

Beginning Certificate

Balance *

Principal Payment

24-Apr-2006 13:35

Page 4 of 21

Merrill Lynch Mortgage Investors Trust

Statement to Certificate Holders (FACTORS)

Distribution Date: 25-Apr-06

Series 2006-SL1

Mortgage Loan Asset-Backed Certificates

59020U2Y0

0.00

0.000000000

N/A

Deferred Interest *

Ending Certificate

Balance *

Interest Payment *

Interest Adjustment*

Next Rate **

* Per $1,000 of Original Face Value ** Estimated

Bond Payments

Class

CUSIP

Original Face

Value

Beginning Certificate

Balance *

Principal Payment

Current Realized

Loss *

24-Apr-2006 13:35

Page 5 of 21

Interest Summary

Principal Summary

Interest Summary

Principal Summary

Scheduled Interest

3,162,962.42

Scheduled Prin Distribution

263,926.28

Fees

163,951.98

Curtailments

(43,519.87)

Remittance Interest

2,999,010.44

Prepayments in Full

8,536,326.16

Other Interest Proceeds/Shortfalls

Liquidation Proceeds

0.00

Prepayment Penalties

79,019.26

Repurchase Proceeds

0.00

Other Interest Loss

0.00

Other Principal Proceeds

0.00

Other Interest Proceeds

0.00

Remittance Principal

8,756,732.57

Non-advancing Interest

(11.00)

Net PPIS/Relief Act Shortfall

0.00

Modification Shortfall

0.00

Other Interest Proceeds/Shortfalls

79,008.26

Interest Adjusted

3,078,018.70

Fee Summary

Total Servicing Fees

162,124.98

Total Trustee Fees

0.00

LPMI Fees

0.00

Credit Manager's Fees

0.00

Misc. Fees / Trust Expense

1,827.00

Insurance Premium

0.00

Total Fees

163,951.98

Advances (Principal & Interest)

Prior Month's Outstanding Advances

3,027,473.97

Current Advances

2,404,241.19

Reimbursement of Prior Advances

2,575,515.32

Outstanding Advances

2,856,199.84

P&I Due Certificate Holders

11,834,751.27

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Pool Source of Funds

Non-Pool Source of Funds

P&I Advances as of the end of the Due Period do not reflect the amount of advances remitted by the Servicer on the Servicer Remittance Date due to additional proceeds received between the end of the Due Period and the Servicer Remittance Date and netted from the P&I Advances stated as of the end
of the Due Period.

Distribution Date: 25-Apr-06

Cash Reconciliation Summary

24-Apr-2006 13:35

Page 6 of 21

Pool Detail

Performance Indicators

Factors Impacting Principal Payment Rules

WA Rates/Life

Historical

Amount

Count

Delinquency Levels

Num

Den

Fixed

Adj

Overall

Original Pool Balance

401,279,298.96

8,571

3 mo. Rolling Average

3,839,461.31

388,418,284

0.99%

WAC - Current

9.25%

0.00%

9.25%

Cum Scheduled Principal

808,698.47

6 mo. Rolling Average

3,839,461.31

388,418,284

0.99%

WAC - Original

9.26%

0.00%

9.26%

Cum Unscheduled Principal

20,074,244.79

12 mo. Rolling Average

3,839,461.31

388,418,284

0.99%

WAL - Current

270.27

0.00

270.27

Cum Liquidations

54,972.85

Loss Levels

Amount

Count

WAL - Original

271.67

0.00

271.67

Cum Deferred Interest

0.00

3 mo. Cum Loss

56,314.95

6 mo. Cum loss

0.00

Current Index Rate

Current

Amount

Count

12 mo. Cum Loss

0.00

Next Index Rate

Beginning Pool

389,098,115.42

8,351

96.96%

Scheduled Principal

267,932.86

0.07%

Triggers

Prepayment Charges

Amount

Count

Unscheduled Principal

8,488,799.71

159

2.12%

Current

79,019.26

Deferred Interest

0.00

0.00%

> Delinquency Trigger Event

(2)

Cumulative

231,080.77

108

Liquidations

0.00

0.00%

Delinquency Event Calc

(1)

5,069,265.20

380,341,383

1.33%

Repurchases

0.00

0.00%

Ending Pool

380,341,382.85

8,193

94.78%

> Loss Trigger Event?

(3)

Average Loan Balance

46,422.72

Cumulative Loss

0.00%

Current Loss Detail

Amount

> Overall Trigger Event?

Liquidation

0.00

Pool Composition

Realized Loss

0.00

Step Down Date

Realized Loss Adjustment

0.00

Distribution Count

Properties

%/Score

Net Liquidation

0.00

Required Percentage

(4)

N/A

Cut-off LTV

98.28%

Step Down %

(5)

31.40%

Cash Out/Refinance

20.54%

Credit Enhancement

Amount

% of Required Percentage

(6)

N/A

SFR

72.86%

Original OC

19,667,198.96

4.90%

> Step Down Date?

Target OC

32,904,902.51

8.20%

Min

Max

Beginning OC

22,606,410.74

Extra Principal

1,441,063.42

FICO

595

822

674.09

OC Amount per PSA

24,047,474.16

Cumulative Extra Principal

4,436,590.15

Ending OC

24,047,474.16

OC Release

N/A

Most Senior Certificates

276,882,000.00

69.00%

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Distribution Date: 25-Apr-06

Pool Detail and Performance Indicators Total (All Loans)

Misc/Additional Information

Pool Level Information

4.818130%
4.959380%

Balance

394,370,856.80

82,437,387.04

292,382,672.26

Legend: (1) 60 Days+, REO, F/C % (3) Condn: Cum Loss > specified thresholds (5) Defined Benchmark (7) Condn: Distn Cnt > 36, (4) > (5)
(2) (1) > (6) * (4), then TRUE (4) Mezzanine Certs + OC Amount / Ending Pool Bal (6) Defined Benchmark (Used in Delinq Event Calc)

Owner Occupied

386,675,108.79

96.36%

24-Apr-2006 13:35

Page 7 of 21

Act/360

261,761,704.68

4.998130000%

1,053,923.66

0.00

1,053,923.66

0.00

M-1

Act/360

32,302,000.00

5.218130000%

135,781.25

0.00

135,781.25

0.00

M-2

Act/360

27,286,000.00

5.438130000%

119,532.21

0.00

119,532.21

0.00

B-1

Act/360

16,653,000.00

6.118130000%

82,074.20

0.00

82,074.20

0.00

B-2

Act/360

7,624,000.00

6.268130000%

38,496.07

0.00

38,496.07

0.00

B-3

Act/360

6,420,000.00

7.318130000%

37,846.93

0.00

37,846.93

0.00

B-4

30/360

7,423,000.00

7.500000000%

46,393.75

0.00

46,393.75

0.00

B-5

30/360

7,022,000.00

7.500000000%

43,887.50

0.00

43,887.50

0.00

30/360

22,606,410.74

76.620100000%

1,443,420.79

57,030.70

2,357.37

59,388.07

0.00

(59,388.07)

59,388.07

0.00

Act/360

0.00

N/A

0.00

Total

389,098,115.42

3,001,356.36

57,030.70

2,357.37

1,617,323.64

1,557,935.57

(59,388.07)

59,388.07

0.00

- - Accrual - -

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

- - - - - - - - Outstanding - - - - - - - -

Class

Accrual

Certificate

Interest

Distribution Date: 25-Apr-06

Pass-Thru Rate

Total Interest

Additions

Distributable

Certificate

Interest

Bond Interest Reconciliation

Opening Balance

(1)

Basis Risk Carry-Forward Shortfall - difference between the certificate remittance rate and the Net Rate Cap.

Interest Payment

Amount

Remaining Int

Carry-Forward

Shortfall

Current Period

(Shortfall) /

Recovery

Net Cap

Rate in

Effect Y/N

Total Interest

Deductions

Method

Days

Remaining

Basis Risk Carry-

Fwd Shortfall

Outstanding Relief

Act / Prepayment

Interest Shortfalls

24-Apr-2006 13:35

Page 8 of 21

31-Mar-06

27-Mar-06

25-Apr-06

0.00

M-1

31-Mar-06

27-Mar-06

25-Apr-06

0.00

M-2

31-Mar-06

27-Mar-06

25-Apr-06

0.00

B-1

31-Mar-06

27-Mar-06

25-Apr-06

0.00

B-2

31-Mar-06

27-Mar-06

25-Apr-06

0.00

B-3

31-Mar-06

27-Mar-06

25-Apr-06

0.00

B-4

31-Mar-06

1-Mar-06

1-Apr-06

0.00

B-5

31-Mar-06

1-Mar-06

1-Apr-06

0.00

31-Mar-06

1-Mar-06

1-Apr-06

0.00

57,030.70

0.00

2,357.37

0.00

31-Mar-06

27-Mar-06

25-Apr-06

0.00

Total

0.00

57,030.70

0.00

2,357.37

0.00

Prior Interest Due

Date

Current Interest

Due Date

Prior Shortfall

Reimbursement

Other Interest

Proceeds

(1)

Class

Interest Rate

SWAP Agreement

Deposits from YM

Agreement

Prior Int Carry-Fwd

Shortfall

Distribution Date: 25-Apr-06

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Merrill Lynch Mortgage Investors Trust

Current Int Carry-

Fwd Shortfall

(2)

Current Basis Risk

Carry-Fwd

Shortfall

(1)

Other Interest Proceeds are additional interest amounts specifically allocated to the bond(s) and used in determining the bonds Distributable Interest.

(2)

Interest Carry-Forward Shortfall is unpaid interest with interest thereon.

(3)

Basis Risk Carry-Forward Shortfall - difference between the certificate remittance rate and the Net Rate Cap.

- - - - - - - - - - - - - - - - - - - - - - - - - - - Additions - - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - Deductions - - - - - - - - - -

Bond Interest Reconciliation

Other Interest

Losses

Prepayment

Premiums

Record Date

24-Apr-2006 13:35

Page 9 of 21

276,882,000.00

261,761,704.68

267,932.86

8,488,799.71

1,441,063.42

0.00

251,563,908.69

25-Sep-36

0.00%

M-1

32,302,000.00

0.00

32,302,000.00

25-Sep-36

0.00%

M-2

27,286,000.00

0.00

27,286,000.00

25-Sep-36

0.00%

B-1

16,653,000.00

0.00

16,653,000.00

25-Sep-36

0.00%

B-2

7,624,000.00

0.00

7,624,000.00

25-Sep-36

0.00%

B-3

6,420,000.00

0.00

6,420,000.00

25-Sep-36

0.00%

B-4

7,423,000.00

0.00

7,423,000.00

25-Sep-36

0.00%

B-5

7,022,000.00

0.00

7,022,000.00

25-Sep-36

0.00%

19,667,198.96

22,606,410.74

0.00

24,047,474.16

25-Sep-36

N/A

100.00

0.00

25-Sep-36

N/A

Total

401,279,298.96

389,098,115.42

267,932.86

8,488,799.71

1,441,063.42

0.00

380,341,382.85

Cumulative

Losses

- - - - - - - - - - - - - - - - Losses - - - - - - - - - - - - - - -

Extra

Principal
Payment

Prior
Loss

Reimburs.

Bond Principal Reconciliation

Unscheduled

Principal
Payment

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Current

Original

Interest on

Losses

Scheduled Principal

Payment

Ending

Class Balance

Rated

Final

Maturity

- Credit Support -

Class

Original Class

Balance

Beginning Class

Balance

Current

Losses

Distribution Date: 25-Apr-06

24-Apr-2006 13:35

Page 10 of 21

Class

CUSIP

Fitch

Moody's

S&P

59020U2N4

Aaa

AAA

M-1

59020U2P9

Aa2

M-2

59020U2Q7

A+

B-1

59020U2R5

Baa1

BBB+

B-2

59020U2S3

Baa2

BBB

B-3

59020U2T1

Baa3

BBB-

B-4

59020U2U8

Ba1

BB+

B-5

59020U2V6

Ba2

BB+

59020U2X2

59020U2Y0

NR - Designates that the class was not rated by the rating agency.

(1)

Changed ratings provided on this report are based on information provided by the applicable rating agency via electronic transmission. It shall be understood that this transmission will generally have been provided to LaSalle within 30 days of the payment

date listed on this statement. Because ratings may have changed during the 30 day window, or may not be being provided by the rating agency in an electronic format and therefore not being updated on this report, LaSalle recommends that investors obtain
current rating information directly from the rating agency.

- - - - - - - - - Original Ratings - - - - - - -

Fitch

Moody's

S&P

- - - - - - - - - - - - - - - - Ratings Change / Change Date

(1)

- - - - - - - - - - - - - - - - -

Distribution Date: 25-Apr-06

Ratings Information

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

24-Apr-2006 13:35

Page 11 of 21

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

25-Apr-06

7,992

371,528,911

3,759,220

1,698,231

2,437,004

776,352

141,665

27-Mar-06

8,158

380,766,459

4,159,488

1,529,441

1,584,279

1,058,447

27-Feb-06

8,297

388,470,822

4,140,717

2,034,430

146,304

1,023,080

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Delinq 2 Months

Distribution Date: 25-Apr-06

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Total (All Loans)

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

Delinq 3+ Months

Bankruptcy

Foreclosure

REO

Distribution

Date

Current

Delinq 1 Month

24-Apr-2006 13:35

Page 12 of 21

Balance

25-Apr-06

115,344

26,321

623,485

20,291

28,246

104,329

27-Mar-06

865,783

129,026

63,638

27-Feb-06

930,238

92,842

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Distribution Date: 25-Apr-06

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II

- - - - - - - - - - - In Foreclosure and Delinquent - - - - - - - - - - - - -

- - - - - - - - - - - - - - - In REO and Delinquent - - - - - - - - - - - - - -

- - - - - - - - - - - - - In Bankruptcy and Delinquent - - - - - - - - - - - - -

Distribution

Date

Current

31-60 Days

61-90 Days

90 + Days

Current

31-60 Days

61-90 Days

90 + Days

Total (All Loans)

61-90 Days

90 + Days

Current

31-60 Days

24-Apr-2006 13:35

Page 13 of 21

Insurance

Substitution

Liquidation

Remaining Term

Balance

Proceeds

Amount

Life

Coupon

Remit

25-Apr-06

8,193

380,341,383

159

8,536,326

0.00

271

9.75%

9.26%

27-Mar-06

8,351

389,098,115

119

6,296,303

0.00

(1,342.10)

56,315

272

9.76%

9.26%

27-Feb-06

8,471

395,815,354

100

5,060,426

0.00

273

9.76%

9.26%

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Distribution Date: 25-Apr-06

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Curr Weighted Avg.

Total (All Loans)

Distribution

Date

Ending Pool

Payoffs

Realized Losses

24-Apr-2006 13:35

Page 14 of 21

SMM (Single Monthly Mortality)

Total

Current Period

2.19%

3-Month Average

1.68%

6-Month Average

1.68%

12-Month Average

1.68%

Average Since Cut-Off

1.68%

CPR (Conditional Prepayment Rate)

Total

Current Period

23.37%

3-Month Average

18.34%

6-Month Average

18.34%

12-Month Average

18.34%

Average Since Cut-Off

18.34%

PSA (Public Securities Association)

Total

Current Period

390%

3-Month Average

306%

6-Month Average

306%

12-Month Average

306%

Average Since Cut-Off

306%

SMM

Single Monthly Mortality

(Partial and Full Prepayments + Repurchases + Liquidations) / (Beginning Collateral Balance - Scheduled Principal)

CPR

Conditional Prepayment Rate

1 - ((1 - SMM)^12)

PSA

Public Securities Association

100 * CPR / (0.2 * MIN(30,WAS))

WAS

Weighted Average Seasoning

((Original Term - Remaining Term) * (Current Scheduled Balance / Deal Scheduled Principal Balance)

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Distribution Date: 25-Apr-06

Prepayment Summary

0.00%

0.37%

0.74%

1.11%

1.49%

1.86%

2.23%

2.60%

Jun-05

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

0.00%

3.74%

7.49%

11.23%

14.97%

18.71%

22.46%

26.20%

Jun-05

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

57%

114%

171%

229%

286%

343%

400%

Jun-05

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

24-Apr-2006 13:35

Page 15 of 21

C
M
N
O
P

REO
Short Pay
Third Party
Write-off

R
S
T
W

1
2
3
4
5

6
7
8
9

Loss-Loan

Adjusted

Net Liquidation

Proceeds

Disclosure Control #

Period

Loss to Trust

Loss-Loan Non-

adjusted

Adjustment Legend
Escrow Bal/Adv
MREC
Rest'd Escrow
Replacement Res.
Suspense

Third Party
Charged Off/Matured
Side Note
Manual

Liq. Type Code - Legend
Charge-off
Matured
Repurchase
Note Sale
Paid in Full

Current Period Realized Loss Detail

Loss-Certs Non-

adjusted

Subsequent

Recov/(Exp)

Original Liquidation

Balance

Adj Type

Liq Type

Loss-Certs

Adjusted

Distribution Date: 25-Apr-06

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

24-Apr-2006 13:35

Page 16 of 21

Distribution Date

Beginning Scheduled

Balance

Net Liquidation

Proceeds

Realized Loss

Loan Count

Realized Loss

Adjusted

Cumulative

Realized Loss

Amount

Count

Amount

Count

Amount

Count

25-Apr-06

0.00

27-Mar-06

54,972.85

(1,342.10)

56,314.95

0.00

56,314.95

27-Feb-06

0.00

Total

0.00

- - - - - - - - - - - - - - - - - Current Realized Loss - - - - - - - - - - - - - - - - -

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Distribution Date: 25-Apr-06

Historical Realized Loss Summary

Recovery on Prior

Liquidations

Claims on Prior Liquidations

(Claims)/Recoveries on

Prior Payoffs

- - - - - - - - - - - - - - Previous Liquidations/Payoffs - - - - - - - - - - - - - -

24-Apr-2006 13:35

Page 17 of 21

MDR (monthly Default Rate)

Total

Current Period

0.00%

3-Month Average

0.00%

6-Month Average

0.00%

12-Month Average

0.00%

Average Since Cut-Off

0.00%

CDR (Conditional Default Rate)

Total

Current Period

0.00%

3-Month Average

0.06%

6-Month Average

0.03%

12-Month Average

0.01%

Average Since Cut-Off

0.06%

SDA (Standard Default Assumption)

Total

Current Period

0.00%

3-Month Average

1.88%

6-Month Average

0.94%

12-Month Average

0.47%

Average Since Cut-Off

1.88%

MDR

(Monthly Default Rate)

(Beginning Principal Balance of Liquidated Loans) / (Total Beginning Principal Balance)

CDR

(Conditional Default Rate)

1 - ((1 - MDR)^

SDA

(Standard Default Assumption)

If WAS=30 then CDR/(WAS*0.02) else if 30<WAS=60 then CDR/0.6 else if 60<WAS=120 then CDR/(0.6-((WAS-60)*0.0095)) else if WAS>120 then CDR/0.03

WAS

Weighted Average Seasoning

((Original Term - Remaining Term) * (Current Scheduled Balance / Deal Scheduled Principal Balance)

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Distribution Date: 25-Apr-06

Realized Loss Summary

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

Jun-05

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

0.00%

0.03%

0.06%

0.09%

0.11%

0.14%

0.17%

0.20%

Jun-05

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

Jun-05

Jul-05

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

24-Apr-2006 13:35

Page 18 of 21

Total

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Unscheduled

Principal

Distribution Date: 25-Apr-06

Servicemembers Civil Relief Act

Interest Received

Relief Act Interest

Shortfall

Ending balance

Loan Rate

P&I Amount

Scheduled Interest

Disclosure Control #

Beginning

Balance

Scheduled

Principal

24-Apr-2006 13:35

Page 19 of 21

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Distribution Date: 25-Apr-06

Material Breaches Detail

Disclosure Control

Loan Group #

Ending Principal

Balance

Material Breach

Date

Material Breach Description

Material breaches of pool asset representation or warranties or transaction covenants.

24-Apr-2006 13:35

Page 20 of 21

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Distribution Date: 25-Apr-06

Modified Loan Detail

Disclosure Control

Loan Group #

Modified Maturity

Date

Cutoff Maturity

Date

Modification Description

Modifications include any extensions or waivers to the mortgage loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time.

24-Apr-2006 13:35

Page 21 of 21

MERRILL LYNCH MORTGAGE INVESTORS TRUST SERIES 2006-SL1 10-D