Content:

Pages

Contact Information:

6/26/2006

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

5/25/2006

Administrator:

Hans Gehrke

312.992.4855

Cash Reconciliation Summary

hans.gehrke@abnamro.com

Pool Detail and Performance Indicators

LaSalle Website:

www.etrustee.net

Bond Interest Reconciliation Part I

7/25/2006

Bond Interest Reconciliation Part II

Bond Principal Reconciliation

Outside Parties To The Transaction

Rating Information

5/31/2006

End of Month Balance Reporting

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

1/26/2006

Realized Loss Summary

Servicemembers Civil Relief Act

Material Breaches Detail

2/27/2006

Modified Loan Detail

Deleted and Replacement Loan Detail

9/25/2036

6/15/2006

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Distribution Date: 26-Jun-06

ABN AMRO Acct : 723356.1

Payment Date:

26-Jun-06

Prior Payment:

25-May-06

Next Payment:

25-Jul-06

Record Date:

31-May-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:

15-Jun-06

23-Jun-2006 10:58

59020U2N4

276,882,000.00

242,996,262.03

10,704,289.16

0.00

232,291,972.87

1,136,412.52

0.00

5.2612500000%

M-1

59020U2P9

32,302,000.00

0.00

32,302,000.00

157,382.52

0.00

5.4812500000%

M-2

59020U2Q7

27,286,000.00

0.00

27,286,000.00

138,279.38

0.00

5.7012500000%

B-1

59020U2R5

16,653,000.00

0.00

16,653,000.00

94,459.52

0.00

6.3812500000%

B-2

59020U2S3

7,624,000.00

0.00

7,624,000.00

44,261.56

0.00

6.5312500000%

B-3

59020U2T1

6,420,000.00

0.00

6,420,000.00

43,263.67

0.00

7.5812500000%

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

25,005,544.63

0.00

627,816.28

25,633,360.91

0.00

(540,378.21)

N/A

59020U2W4

100.00

0.00

N/A

Total

401,279,298.96

372,731,806.66

10,704,289.16

0.00

627,816.28

362,655,333.78

1,704,340.42

(540,378.21)

Total P&I Payment

12,408,629.58

Distribution Date: 26-Jun-06

Pass-Through

Rate

Deferred Interest

Ending Certificate

Balance

Interest Payment

(2)

Bond Payments

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Class

CUSIP

Beginning

Certificate Balance

Principal Payment

Original Face Value

(1)

Current Realized

Loss

(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

Interest

Adjustment

23-Jun-2006 10:58

Page 2 of 24

Distribution Date: 26-Jun-06

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

59020U2Y0

0.00

156,461.55

N/A

Total

0.00

156,461.55

Total P&I Payment

156,461.55

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

23-Jun-2006 10:58

Page 3 of 24

59020U2N4

276,882,000.00

877.616681583

38.660112106

0.000000000

838.956569477

4.104320685

0.000000000

5.50250000%

M-1

59020U2P9

32,302,000.00

1000.000000000

0.000000000

1000.000000000

4.872222153

0.000000000

5.72250000%

M-2

59020U2Q7

27,286,000.00

1000.000000000

0.000000000

1000.000000000

5.067777615

0.000000000

5.94250000%

B-1

59020U2R5

16,653,000.00

1000.000000000

0.000000000

1000.000000000

5.672222422

0.000000000

6.62250000%

B-2

59020U2S3

7,624,000.00

1000.000000000

0.000000000

1000.000000000

5.805556139

0.000000000

6.77250000%

B-3

59020U2T1

6,420,000.00

1000.000000000

0.000000000

1000.000000000

6.738889408

0.000000000

7.82250000%

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

1271.433958687

0.000000000

31.921997702

1303.355956389

0.000000000

(27.476114474)

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: 26-Jun-06

Series 2006-SL1

Mortgage Loan Asset-Backed Certificates

Bond Payments

Current Realized

Loss *

Original Face

Value

Class

CUSIP

Beginning Certificate

Balance *

Principal Payment

23-Jun-2006 10:58

Page 4 of 24

Merrill Lynch Mortgage Investors Trust

Statement to Certificate Holders (FACTORS)

Distribution Date: 26-Jun-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 *

23-Jun-2006 10:58

Page 5 of 24

Interest Summary

Principal Summary

Interest Summary

Principal Summary

Scheduled Interest

3,027,839.83

Scheduled Prin Distribution

257,572.37

Fees

156,805.67

Curtailments

170,343.63

Remittance Interest

2,871,034.16

Prepayments in Full

9,135,833.49

Other Interest Proceeds/Shortfalls

Liquidation Proceeds

(25,910.91)

Prepayment Penalties

156,461.55

Repurchase Proceeds

0.00

Other Interest Loss

(181.00)

Other Principal Proceeds

0.00

Other Interest Proceeds

457.09

Remittance Principal

9,537,838.58

Non-advancing Interest

(519.25)

Non-Supported Interest Shortfall

0.00

Relief Act Shortfall

0.00

Modification Shortfall

0.00

Other Interest Proceeds/Shortfalls

156,218.39

Interest Adjusted

3,027,252.54

Fee Summary

Total Servicing Fees

155,304.92

Total Trustee Fees

0.00

LPMI Fees

0.00

Credit Manager's Fees

0.00

Unpaid Serv Fees (Charged-off Loans)

0.00

Misc. Fees / Trust Expense

1,500.75

Insurance Premium

0.00

Total Fees

156,805.67

P&I Due Certificate Holders

12,565,091.12

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: 26-Jun-06

Cash Reconciliation Summary

23-Jun-2006 10:58

Page 6 of 24

Total

Interest Summary

Scheduled Interest

3,027,839.83

Fees

155,304.92

Remittance Interest

2,872,534.91

Other Interest Proceeds/Shortfalls

Prepayment Penalties

156,461.55

Other Interest Loss

(181.00)

Other Interest Proceeds

457.09

Non-advancing Interest

(519.25)

Net PPIS/Relief Act Shortfall

0.00

Modification Shortfall

0.00

Other Interest Proceeds/Shortfalls

156,218.39

Interest Adjusted

3,028,753.29

Principal Summary

Scheduled Principal Distribution

257,572.37

Curtailments

170,343.63

Prepayments in Full

9,135,833.49

Liquidation Proceeds

(25,910.91)

Repurchase Proceeds

0.00

Other Principal Proceeds

0.00

Less Mod Losses

0.00

Remittance Principal

9,537,838.58

Fee Summary

Total Servicing Fees

155,304.92

Total Trustee Fees

0.00

LPMI Fees

0.00

Total Fees

155,304.92

Beginning Principal Balance

372,731,806.66

Ending Principal Balance

362,655,333.78

Advances (Principal & Interest)

Prior Month's Outstanding Advances

3,117,330.00

Current Advances

2,417,500.00

Reimbursement of Prior Advances

2,491,364.62

Outstanding Advances

3,043,465.38

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Distribution Date: 26-Jun-06

Cash Reconciliation Summary

23-Jun-2006 10:58

Page 7 of 24

Pool Detail

Performance Indicators

Factors Impacting Principal Payment Rules

WA Rates/Life

Historical

Amount

Count

Delinquency Levels

Num

Den

Fixed

Adj

Overall

Cutt-off Pool Balance

401,279,298.96

8,571

3 mo. Rolling Average

6,436,098

371,909,508

1.74%

WAC - Current

9.24%

0.00%

9.24%

Cum Scheduled Principal

1,319,760.79

6 mo. Rolling Average

5,336,855

380,128,399

1.42%

WAC - Original

9.26%

0.00%

9.26%

Cum Unscheduled Principal

36,369,851.22

12 mo. Rolling Average

5,336,855

380,128,399

1.42%

WAL - Current

267.24

0.00

267.24

Cum Liquidations

934,353.17

Loss Levels

Amount

Count

WAL - Original

270.73

0.00

270.73

Cum Deferred Interest

0.00

3 mo. Cum Loss

904,587.24

6 mo. Cum loss

960,902.19

Current Index Rate

Current

Amount

Count

12 mo. Cum Loss

960,902.19

Next Index Rate

Beginning Pool

372,731,806.66

8,041

92.89%

Scheduled Principal

257,572.37

0.06%

Triggers

Prepayment Charges

Unscheduled Principal

9,306,177.12

167

2.32%

Amount

Count

Deferred Interest

0.00

0.00%

> Delinquency Trigger Event

(2)

Current

156,461.55

Liquidations

512,723.39

0.13%

Delinquency Event Calc

(1)

6,436,098.03

362,655,334

1.77%

Cumulative

479,502.37

218

Repurchases

0.00

0.00%

Ending Pool

362,655,333.78

7,860

90.37%

> Loss Trigger Event?

(3)

Average Loan Balance

46,139.36

Cumulative Loss

960,902

0.24%

Current Loss Detail

Amount

> Overall Trigger Event?

Liquidation

512,723.39

Pool Composition

Realized Loss

538,634.30

Step Down Date

Realized Loss Adjustment

0.00

Distribution Count

Properties

%/Score

Net Liquidation

(25,910.91)

Required Percentage

(4)

35.63%

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

25,005,544.63

Extra Principal

1,166,450.58

FICO

595

822

674.12

Ending OC

25,633,360.91

Cumulative Extra Principal

6,927,064.14

Most Senior Certificates

242,996,000.00

OC Release

N/A

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Distribution Date: 26-Jun-06

Pool Detail and Performance Indicators Total (All Loans)

Misc/Additional Information

Pool Level Information

5.081250%

5.322500%

Balance

394,370,856.80

82,437,387.04

292,382,672.26

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

Owner Occupied

386,675,108.79

96.36%

23-Jun-2006 10:58

Page 8 of 24

Act/360

242,996,262.03

5.261250000%

1,136,412.52

0.00

1,136,412.52

0.00

M-1

Act/360

32,302,000.00

5.481250000%

157,382.52

0.00

157,382.52

0.00

M-2

Act/360

27,286,000.00

5.701250000%

138,279.38

0.00

138,279.38

0.00

B-1

Act/360

16,653,000.00

6.381250000%

94,459.52

0.00

94,459.52

0.00

B-2

Act/360

7,624,000.00

6.531250000%

44,261.56

0.00

44,261.56

0.00

B-3

Act/360

6,420,000.00

7.581250000%

43,263.67

0.00

43,263.67

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

25,005,544.63

56.060900000%

1,168,194.49

427,079.57

540,378.21

967,457.78

0.00

967,457.78

0.00

Act/360

0.00

N/A

0.00

Total

372,731,806.66

2,872,534.91

427,079.57

540,378.21

2,671,798.20

1,704,340.42

0.00

967,457.78

0.00

- - Accrual - -

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

- - - - - Outstanding - - - -

- - - - - - Recovered - - - - - -

Class

Accrual

Certificate

Interest

Distribution Date: 26-Jun-06

Pass-Thru Rate

Total Interest

Additions

Distributable

Certificate

Interest

Bond Interest Reconciliation

Opening Balance

Interest Payment

Amount

Interest Carry-

Forward Amount

Interest Carry-

Forward Amount

Net Cap

Rate in

Effect Y/N

Total Interest

Deductions

Method

Days

Floating Rate

Certficate Carry-

Over

Floating Rate

Certficate Carry-

Over

23-Jun-2006 10:58

Page 9 of 24

31-May-06

25-May-06

26-Jun-06

0.00

M-1

31-May-06

25-May-06

26-Jun-06

0.00

M-2

31-May-06

25-May-06

26-Jun-06

0.00

B-1

31-May-06

25-May-06

26-Jun-06

0.00

B-2

31-May-06

25-May-06

26-Jun-06

0.00

B-3

31-May-06

25-May-06

26-Jun-06

0.00

B-4

31-May-06

1-May-06

1-Jun-06

0.00

B-5

31-May-06

1-May-06

1-Jun-06

0.00

31-May-06

1-May-06

1-Jun-06

0.00

427,079.57

0.00

540,378.21

0.00

31-May-06

25-May-06

26-Jun-06

0.00

Total

0.00

427,079.57

0.00

540,378.21

0.00

Prior Interest Due

Date

Current Interest

Due Date

Floating Rate

Cartificate Carry-

Over

Other Interest

Proceeds

(1)

Class

Supplemental

Interest Trust

Payments From

Cap Contracts

Interest Carry-

Forward

Distribution Date: 26-Jun-06

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Merrill Lynch Mortgage Investors Trust

Interest Carry-

Forward

Floating Rate

Cartificate Carry-

Over

(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.

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

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

Bond Interest Reconciliation

Non-Supported

Interest Shortfall

Prepayment

Premiums

Record Date

23-Jun-2006 10:58

Page 10 of 24

276,882,000.00

242,996,262.03

257,572.37

9,280,266.21

1,166,450.58

0.00

232,291,972.87

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

25,005,544.63

0.00

25,633,360.91

25-Sep-36

N/A

100.00

0.00

25-Sep-36

N/A

Total

401,279,298.96

372,731,806.66

257,572.37

9,280,266.21

1,166,450.58

0.00

362,655,333.78

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: 26-Jun-06

23-Jun-2006 10:58

Page 11 of 24

Class

CUSIP

Fitch

Moody's

DBRS

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

DBRS

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: 26-Jun-06

Ratings Information

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

23-Jun-2006 10:58

Page 12 of 24

Type

Count

Count (%)

Scheduled UPB

Sched UPB (%)

Arrears

Arrears (%)

REO Book Value

7688

95.6100%

354,860,239.68

97.8506%

0.00

0.0000%

0.00

0.6716%

2,391,234.01

0.6594%

0.00

0.0000%

0.00

0.4104%

1,517,868.35

0.4185%

0.00

0.0000%

0.00

90+

0.5845%

2,170,394.09

0.5985%

0.00

0.0000%

0.00

BKY0

0.2363%

691,296.02

0.1906%

0.00

0.0000%

0.00

BKY30

0.0124%

32,431.05

0.0089%

0.00

0.0000%

0.00

BKY60

0.0249%

56,102.05

0.0155%

0.00

0.0000%

0.00

BKY90+

0.0497%

212,497.61

0.0586%

0.00

0.0000%

0.00

F/C60

0.0373%

206,932.61

0.0571%

0.00

0.0000%

0.00

F/C90+

0.1119%

516,338.31

0.1424%

0.00

0.0000%

0.00

PIF

181

2.2510%

0.00

0.0000%

0.00

0.0000%

0.00

Total (Prior Month End):

8041

100.0000%

362,655,333.00

100.0000%

0.00

0.0000%

0.00

Delinq Total (Prior Month End):

153

1.9027%

7,103,798.00

1.9588%

0.00

0.0000%

0.00

Total (Prior Month End):
Delinq Total (Prior Month End):

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Distribution Date: 26-Jun-06

End of Month Balance Reporting

F/C Quick Sale

Value

Total

23-Jun-2006 10:58

Page 13 of 24

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

26-Jun-06

7,572

349,482,351

115

5,418,719

2,450,852

3,587,814

992,327

723,271

25-May-06

7,790

361,666,362

107

4,564,666

2,214,330

3,055,332

956,257

274,860

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

26-Jun-06

96.34%

96.37%

1.46%

1.49%

0.69%

0.68%

1.03%

0.99%

0.33%

0.27%

0.15%

0.20%

0.00%

25-May-06

96.88%

97.03%

1.33%

1.22%

0.58%

0.59%

0.83%

0.82%

0.31%

0.26%

0.06%

0.07%

0.00%

25-Apr-06

97.55%

97.68%

1.06%

0.99%

0.41%

0.45%

0.67%

0.64%

0.27%

0.20%

0.04%

0.00%

27-Mar-06

97.69%

97.86%

1.10%

1.07%

0.43%

0.39%

0.43%

0.41%

0.35%

0.27%

0.00%

27-Feb-06

97.95%

98.14%

1.11%

1.05%

0.54%

0.51%

0.05%

0.04%

0.35%

0.26%

0.00%

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Delinq 2 Months

Distribution Date: 26-Jun-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

23-Jun-2006 10:58

Page 14 of 24

Balance

26-Jun-06

723,271

622,901

68,395

32,431

268,600

25-May-06

274,860

600,785

112,676

56,128

186,667

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

26-Jun-06

0.00%

0.15%

0.20%

0.00%

0.22%

0.17%

0.03%

0.02%

0.01%

0.08%

0.07%

25-May-06

0.00%

0.06%

0.07%

0.00%

0.19%

0.16%

0.05%

0.03%

0.02%

0.05%

25-Apr-06

0.00%

0.03%

0.00%

0.01%

0.00%

0.22%

0.16%

0.01%

0.02%

0.03%

27-Mar-06

0.00%

0.30%

0.22%

0.00%

0.04%

0.03%

0.01%

0.02%

27-Feb-06

0.00%

0.32%

0.24%

0.04%

0.02%

0.00%

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Distribution Date: 26-Jun-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

23-Jun-2006 10:58

Page 15 of 24

Insurance

Substitution

Liquidation

Remaining Term

Balance

Proceeds

Amount

Life

Coupon

Remit

26-Jun-06

7,860

362,655,334

167

9,135,833

0.00

-25,910.91

538,634

269

9.75%

9.25%

25-May-06

8,041

372,731,807

140

6,817,616

0.00

703.99

365,953

270

9.75%

9.25%

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: 26-Jun-06

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

Curr Weighted Avg.

Total (All Loans)

Distribution

Date

Ending Pool

Payoffs

Realized Losses

23-Jun-2006 10:58

Page 16 of 24

SMM (Single Monthly Mortality)

Total

Current Period

2.45%

3-Month Average

2.15%

6-Month Average

1.86%

12-Month Average

1.86%

Average Since Cut-Off

1.86%

CPR (Conditional Prepayment Rate)

Total

Current Period

25.77%

3-Month Average

22.89%

6-Month Average

20.07%

12-Month Average

20.07%

Average Since Cut-Off

20.07%

PSA (Public Securities Association)

Total

Current Period

429%

3-Month Average

382%

6-Month Average

334%

12-Month Average

334%

Average Since Cut-Off

334%

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: 26-Jun-06

Prepayment Summary

0.00%

2.43%

4.86%

7.29%

9.71%

12.14%

14.57%

17.00%

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

Jun-06

0.00%

14.29%

28.57%

42.86%

57.14%

71.43%

85.71%

100.00%

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

Jun-06

229%

457%

686%

914%

1143%

1371%

1600%

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

Jun-06

23-Jun-2006 10:58

Page 17 of 24

1100337

200606

86,710.36

(4,424.81)

86,710.36

91,135.17

1167693

200606

65,529.21

(3,884.21)

65,529.21

69,413.42

1256364

200606

58,750.62

(2,751.18)

58,750.62

61,501.80

1261733

200606

57,765.19

(2,764.21)

57,765.19

60,529.40

1250933

200606

38,670.83

(1,748.50)

38,670.83

40,419.33

1258993

200606

35,842.10

(1,794.99)

35,842.10

37,637.09

1165439

200606

26,440.46

(1,129.52)

26,440.46

27,569.98

1246404

200606

26,431.60

(1,487.72)

26,431.60

27,919.32

1178158

200606

25,312.26

(1,298.84)

25,312.26

26,611.10

1103646

200606

20,908.47

(884.70)

20,908.47

21,793.17

1158673

200606

20,610.26

(1,029.71)

20,610.26

21,639.97

1256261

200606

19,734.08

(1,065.53)

19,734.08

20,799.61

1088837

200606

17,939.94

(1,015.62)

17,939.94

18,955.56

1158413

200606

12,078.01

(631.37)

12,078.01

12,709.38

Current Total

512,723.39

(25,910.91)

512,723.39

538,634.30

Cumulative

934,353.17

(26,549.02)

920,803.78

960,902.19

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: 26-Jun-06

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

4,424.81

3,884.21

2,751.18

2,764.21

1,748.50

1,794.99

1,129.52

1,487.72

1,298.84

884.70

1,029.71

1,065.53

1,015.62

631.37

25,910.91

40,098.41

91,135.17

69,413.42

61,501.80

60,529.40

40,419.33

37,637.09

27,569.98

27,919.32

26,611.10

12,709.38

538,634.30

960,902.19

0.00

21,793.17

21,639.97

20,799.61

18,955.56

0.00

23-Jun-2006 10:58

Page 18 of 24

Distribution Date

Beginning Scheduled

Balance

Net Liquidation

Proceeds

Realized Loss

Loan Count

Realized Loss

Adjusted

Cumulative

Realized Loss

Amount

Count

Amount

Count

Amount

Count

26-Jun-06

512,723.39

(25,910.91)

538,634.30

0.00

538,634.30

960,902.19

25-May-06

366,656.93

703.99

365,952.94

0.00

365,952.94

422,267.89

25-Apr-06

0.00

56,314.95

27-Mar-06

54,972.85

(1,342.10)

56,314.95

0.00

56,314.95

27-Feb-06

0.00

Total

934,353.17

(26,549.02)

960,902.19

0.00

960,902.19

Historical Realized Loss Summary

Recovery on Prior

Liquidations

Claims on Prior Liquidations

(Claims)/Recoveries on

Prior Payoffs

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

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

Total (All Loans)

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Distribution Date: 26-Jun-06

23-Jun-2006 10:58

Page 19 of 24

MDR (monthly Default Rate)

Total

Current Period

0.12%

3-Month Average

0.07%

6-Month Average

0.04%

12-Month Average

0.02%

Average Since Cut-Off

0.05%

CDR (Conditional Default Rate)

Total

Current Period

1.49%

3-Month Average

0.89%

6-Month Average

0.47%

12-Month Average

0.24%

Average Since Cut-Off

0.57%

SDA (Standard Default Assumption)

Total

Current Period

49.64%

3-Month Average

29.59%

6-Month Average

15.74%

12-Month Average

7.87%

Average Since Cut-Off

18.88%

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: 26-Jun-06

Realized Loss Summary

0.00%

0.57%

1.14%

1.71%

2.29%

2.86%

3.43%

4.00%

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

Jun-06

0.00%

4.29%

8.57%

12.86%

17.14%

21.43%

25.71%

30.00%

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

Jun-06

143%

286%

429%

571%

714%

857%

1000%

Aug-05

Sep-05

Oct-05

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

Jun-06

23-Jun-2006 10:58

Page 20 of 24

1064943

27,109.22

27.86

26,503.12

11.50%

163.41

259.80

135.55

124.25

1159232

27,238.26

28.17

27,008.09

8.50%

164.36

192.94

136.19

56.75

Total

54,347.48

53,511.21

271.74

181.00

Scheduled Interest

Servicemembers Civil Relief Act

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Distribution Date: 26-Jun-06

Disclosure Control #

Scheduled

Principal

Beginning

Balance

Unscheduled

Principal

Interest Received

Relief Act Interest

Shortfall

Ending balance

Loan Rate

P&I Amount

23-Jun-2006 10:58

Page 21 of 24

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Distribution Date: 26-Jun-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.

23-Jun-2006 10:58

Page 22 of 24

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Distribution Date: 26-Jun-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.

23-Jun-2006 10:58

Page 23 of 24

Disclosure Control

Deleted and Replacement Mortgage Loan Detail

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2006-SL1

Distribution Date: 26-Jun-06

Beginning Principal Balance

Deleted / Replacement

23-Jun-2006 10:58

Page 24 of 24

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