Content:

Pages

Contact Information:

6/25/2007 0:00

Statement to Certificate Holders

Analyst:

Samir Ghia

714.259.6822

Statement to Certificate Holders (Factors)

samir.ghia@abnamro.com

Pool/Non-Pool Funds Cash Reconciliation

Administrator:

Megan Novak

312.904.6709

Cash Reconciliation Summary

megan.novak@abnamro.com

Pool Detail and Performance Indicators

LaSalle Website:

www.etrustee.net

Bond Interest Reconciliation Part I

7/25/2007 0:00

Bond Interest Reconciliation Part II

Bond Principal Reconciliation

Outside Parties To The Transaction

Rating Information

5/31/2007

15 Month Loan Status Summary Part I

11-14

15 Month Loan Status Summary Part II

15-18

15 Month Historical Payoff Summary

19-20

Prepayment Premium Loan Detail

Prepayment Summary

Mortgage Loan Characteristics Part I

Mortgage Loan Characteristics Part II

24-26

6/7/2007

Geographic Concentration

Current Period Realized Loss Detail

Historical Realized Loss Summary

6/25/2007 0:00

Realized Loss Summary

Servicemembers Civil Relief Act

Material Breaches Detail

Modified Loan Detail

4/27/2037 0:00

Collateral Asset Changes

Historical Collateral Level REO Report

Substitution Detail History

Substitution Detail History Summary

6/15/2007 0:00

Delinq Method:

OTS

Determination

Date:

15-Jun-07

First Pay. Date:

Master Servicer: Wilshire Credit Corporation

25-Jun-07

Rated Final

Payment Date:

27-Apr-37

Depositor: Merrill Lynch Mortgage Investors, Inc.

Closing Date:

7-Jun-07

Underwriter: Merrill Lynch & Company

Record Date:

7-Jun-07

Distribution

Count:

Issuer: Merrill Lynch Mortgage Investors, Inc.

Prior Payment:

N/A

Next Payment:

25-Jul-07

ABN AMRO Acct : 724785.1

Payment Date:

25-Jun-07

Distribution Date: 25-Jun-07

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

25-Jun-2007 09:12

A-1

590238AA9

317,266,000.00

5,503,838.91

0.00

311,762,161.09

855,031.87

0.00

5.3900000000%

A-2

590238AB7

35,646,000.00

0.00

35,646,000.00

97,313.58

0.00

5.4600000000%

A-3

590238AC5

113,672,000.00

0.00

113,672,000.00

313,166.36

0.00

5.5100000000%

A-4

590238AD3

17,057,000.00

0.00

17,057,000.00

47,674.32

0.00

5.5900000000%

M-1

590238AE1

29,433,000.00

0.00

29,433,000.00

82,412.40

0.00

5.6000000000%

M-2

590238AF8

26,757,000.00

0.00

26,757,000.00

75,187.17

0.00

5.6200000000%

M-3

590238AG6

17,057,000.00

0.00

17,057,000.00

48,271.31

0.00

5.6600000000%

M-4

590238AH4

15,051,000.00

0.00

15,051,000.00

43,798.41

0.00

5.8200000000%

M-5

590238AJ0

14,047,000.00

0.00

14,047,000.00

41,227.96

0.02

5.8700000000%

M-6

590238AK7

12,040,000.00

0.00

12,040,000.00

37,444.40

0.00

6.2200000000%

B-1

590238AL5

11,706,000.00

0.00

11,706,000.00

39,332.16

0.00

6.7200000000%

B-2

590238AM3

10,368,000.00

0.00

10,368,000.00

37,946.88

0.00

7.3200000000%

B-3

590238AR2

10,034,000.00

0.00

10,034,000.00

36,724.44

0.00

7.3200000000%

590238AN1

668,937,131.00 N

668,937,131.00

0.00

663,428,514.69

2,492,549.66

(279,335.26)

N/A

590238AP6

0.00

64,237.76

N/A

590238AQ4

100.00

0.00

0.27

0.00

5.3900000000%

Total

630,134,100.00

5,503,938.91

0.00

624,630,161.09

4,312,318.95

(215,097.48)

Total P&I Payment

9,816,257.86

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

Principal Payment

Principal

Adjustment or

Loss

Deferred

Interest

Ending Certificate

Balance

Class

CUSIP

Original Face

Value

(1)

Beginning

Certificate

Balance

Distribution Date: 25-Jun-07

Bond Payments

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 2 of 37

25-Jun-2007 09:10

A-1

590238AA9

317,266,000.00

1000.000000000

17.347711100

0.000000000

982.652288900

2.695000000

0.000000000

5.39000000%

A-2

590238AB7

35,646,000.00

1000.000000000

0.000000000

1000.000000000

2.730000000

0.000000000

5.46000000%

A-3

590238AC5

113,672,000.00

1000.000000000

0.000000000

1000.000000000

2.755000000

0.000000000

5.51000000%

A-4

590238AD3

17,057,000.00

1000.000000000

0.000000000

1000.000000000

2.795000293

0.000000000

5.59000000%

M-1

590238AE1

29,433,000.00

1000.000000000

0.000000000

1000.000000000

2.800000000

0.000000000

5.60000000%

M-2

590238AF8

26,757,000.00

1000.000000000

0.000000000

1000.000000000

2.810000000

0.000000000

5.62000000%

M-3

590238AG6

17,057,000.00

1000.000000000

0.000000000

1000.000000000

2.830000000

0.000000000

5.66000000%

M-4

590238AH4

15,051,000.00

1000.000000000

0.000000000

1000.000000000

2.910000000

0.000000000

5.82000000%

M-5

590238AJ0

14,047,000.00

1000.000000000

0.000000000

1000.000000000

2.935001068

0.000001424

5.87000000%

M-6

590238AK7

12,040,000.00

1000.000000000

0.000000000

1000.000000000

3.110000000

0.000000000

6.22000000%

B-1

590238AL5

11,706,000.00

1000.000000000

0.000000000

1000.000000000

3.360000000

0.000000000

6.72000000%

B-2

590238AM3

10,368,000.00

1000.000000000

0.000000000

1000.000000000

3.660000000

0.000000000

7.32000000%

B-3

590238AR2

10,034,000.00

1000.000000000

0.000000000

1000.000000000

3.660000000

0.000000000

7.32000000%

590238AN1

668,937,131.00 N

1000.000000000

0.000000000

991.765121033

3.726134407

(0.417580737)

N/A

590238AP6

0.00

0.000000000

N/A

590238AQ4

100.00

1000.000000000

0.000000000

2.700000000

0.000000000

N/A

Interest Adjustment*

Next Rate **

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

Bond Payments

Class

CUSIP

Original Face

Value

Beginning Certificate

Balance *

Principal Payment

Principal

Adjustment or

Loss

Deferred Interest *

Ending Certificate

Balance *

Interest Payment *

Distribution Date: 25-Jun-07

Statement to Certificate Holders (FACTORS)

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 3 of 37

25-Jun-2007 09:11

Interest Summary

Principal Summary

Supplemental Interest Trust

Interest Summary

Principal Summary

Net Swap Payments received

0.00

Scheduled Interest

4,522,834.06

Scheduled Prin Distribution

263,006.04

Net Swap Payments paid

0.00

Fees

278,901.27

Curtailments

7,390.20

Remittance Interest

4,243,932.79

Prepayments in Full

5,238,220.07

Swap Termination Payments received

0.00

Other Interest Proceeds/Shortfalls

Liquidation Proceeds

0.00

Swap Termination Payments paid

0.00

Prepayment Penalties

64,237.76

Repurchase Proceeds

0.00

Other Interest Loss

0.00

Other Principal Proceeds

0.00

Defaulted Swap Termination Payments

0.00

Other Interest Proceeds

0.00

Remittance Principal

5,508,616.31

Non-advancing Interest

(529.00)

Non-Supported Interest Shortfall

0.00

Cap Contract Payment

0.00

Relief Act Shortfall

0.00

Modification Shortfall

0.00

Corridor Contracts

Other Interest Proceeds/Shortfalls

63,708.76

Interest Adjusted

4,307,641.55

Class A-1 Certificates

0.00

Fee Summary

Class A-2 Certificates

0.00

Total Servicing Fees

278,728.27

Subordinate Certificates

0.00

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

173.00

Insurance Premium

0.00

Total Fees

278,901.27

Advances (Principal & Interest)

Prior Month's Outstanding Advances

N/A

Current Advances

4,243,640.21

Reimbursement of Prior Advances

(0.01)

Outstanding Advances

4,243,640.22

P&I Due Certificate Holders

9,816,257.86

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-Jun-07

Cash Reconciliation Summary

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 4 of 37

25-Jun-2007 09:11

Fixed

ARM

480+ Amort

Total

Interest Summary

Scheduled Interest

982,884.54

1,778,512.17

1,761,437.35

4,522,834.06

Fees

56,504.82

110,207.43

112,189.02

278,901.27

Remittance Interest

926,379.72

1,668,304.74

1,649,248.33

4,243,932.79

Other Interest Proceeds/Shortfalls

Prepayment Penalties

10,388.79

14,996.22

38,852.75

64,237.76

Other Interest Loss

0.00

Other Interest Proceeds

0.00

Non-advancing Interest

(242.00)

31.00

(318.00)

(529.00)

Net PPIS/Relief Act Shortfall

0.00

Modification Shortfall

0.00

Other Interest Proceeds/Shortfalls

10,146.79

15,027.22

38,534.75

63,708.76

Interest Adjusted

936,526.51

1,683,331.96

1,687,783.08

4,307,641.55

Principal Summary

Scheduled Principal Distribution

87,751.34

106,320.04

68,934.66

263,006.04

Curtailments

3,666.69

(217.70)

3,941.21

7,390.20

Prepayments in Full

339,687.91

2,491,440.70

2,407,091.46

5,238,220.07

Liquidation Proceeds

0.00

Repurchase Proceeds

0.00

Other Principal Proceeds

0.00

Less Mod Losses

0.00

Remittance Principal

431,105.94

2,597,543.04

2,479,967.33

5,508,616.31

Fee Summary

Total Servicing Fees

56,379.82

110,159.43

112,189.02

278,728.27

Total Trustee Fees

0.00

LPMI Fees

0.00

Misc. Fees

125.00

48.00

0.00

173.00

Total Fees

56,504.82

110,207.43

112,189.02

278,901.27

Beginning Principal Balance

135,303,148.34

264,380,311.59

269,253,671.07

668,937,131.00

Ending Principal Balance

134,872,042.40

261,782,768.55

266,773,703.74

663,428,514.69

Distribution Date: 25-Jun-07

Cash Reconciliation Summary Group III

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 5 of 37

25-Jun-2007 09:11

Pool Detail

Performance Indicators

Factors Impacting Principal Payment Rules

WA Rates/Life

Historical

Amount

Count

Delinquency Levels

Num

Den

Fixed

Adj

Overall

Cut-off Pool Balance

668,937,131.00

3,645

3 mo. Rolling Average

9,335,306

663,428,515

1.41%

WAC - Remit Current

8.50%

7.98%

8.11%

Cum Scheduled Principal

263,006.04

6 mo. Rolling Average

9,335,306

663,428,515

1.41%

WAC - Remit Original

8.50%

7.98%

8.11%

Cum Unscheduled Principal

5,245,610.27

12 mo. Rolling Average

9,335,306

663,428,515

1.41%

WAC - Current

8.50%

7.98%

8.11%

Cum Liquidations

0.00

Loss Levels

Amount

Count

WAC - Original

8.50%

7.98%

8.11%

Cum Repurchases

0.00

3 mo. Cum Loss

0.00

WAL - Current

320.34

353.99

345.23

6 mo. Cum loss

0.00

WAL - Original

320.34

353.99

345.23

Current

Amount

Count

12 mo. Cum Loss

0.00

Beginning Pool

668,937,131.00

3,645

100.00%

Current Index Rate

Scheduled Principal

263,006.04

0.04%

Triggers

Next Index Rate

Unscheduled Principal

5,245,610.27

0.78%

Liquidations

0.00

0.00%

> Delinquency Trigger Event

(2)

Prepayment Charges

Repurchases

0.00

0.00%

Delinquency Event Calc

(1)

9,335,306.09

663,428,515

1.41%

Amount

Count

Ending Pool

663,428,514.69

3,612

99.18%

Current

> Loss Trigger Event?

(3)

Cumulative

Ending Actual Balance

663,712,934.57

Cumulative Loss

0.00%

Average Loan Balance

183,673.45

> Overall Trigger Event?

Pool Composition

Current Loss Detail

Amount

Step Down Date

Liquidation

0.00

Distribution Count

Properties

%/Score

Realized Loss

0.00

Required Percentage

(4)

27.93%

Cut-off LTV

8311.88%

Realized Loss Adjustment

0.00

Step Down %

(5)

44.60%

Cash Out/Refinance

65.62%

Net Liquidation

0.00

% of Required Percentage

(6)

33.20%

SFR

48.66%

Credit Enhancement

Amount

> Step Down Date?

Min

Max

W A

Original OC

38,803,031.00

5.80%

Extra Principal

0.00

FICO

474

809

632.57

Target OC

38,798,353.60

5.80%

Cumulative Extra Principal

0.00

Beginning OC

38,803,031.00

OC Release

N/A

Ending OC

38,798,353.60

Most Senior Certificates

483,641,100.00

94.19%

Legend: (1) 60 Days+, REO, BK, F/C % (3) Condn: Cum Loss > specified thresholds (5) Defined Benchmark
(2) (1) > (6) * (4), then TRUE (4) (Ending Pool Bal - Most Senior Certs) / Ending Pool Bal (6) Defined Benchmark (Used in Delinq Event Calc)
Note: Delinquency and Loss Event Triggers may be flagged as "Yes" prior to the Step Down Date on account of the percentage thresholds being breached.

438,962,476.88

325,512,292.70

Owner Occupied

630,055,882.61

64,237.76

Balance

55,601,282,409.98

Misc/Additional Information

Pool Level Information

5.320000%

Distribution Date: 25-Jun-07

Pool Detail and Performance Indicators Total (All Loans)

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 6 of 37

25-Jun-2007 09:11

A-1

Act/360

317,266,000.00

5.390000000%

855,031.87

0.00

855,031.87

0.00

A-2

Act/360

35,646,000.00

5.460000000%

97,313.58

0.00

97,313.58

0.00

A-3

Act/360

113,672,000.00

5.510000000%

313,166.36

0.00

313,166.36

0.00

A-4

Act/360

17,057,000.00

5.590000000%

47,674.32

0.00

47,674.32

0.00

M-1

Act/360

29,433,000.00

5.600000000%

82,412.40

0.00

82,412.40

0.00

M-2

Act/360

26,757,000.00

5.620000000%

75,187.17

0.00

75,187.17

0.00

M-3

Act/360

17,057,000.00

5.660000000%

48,271.31

0.00

48,271.31

0.00

M-4

Act/360

15,051,000.00

5.820000000%

43,798.41

0.00

43,798.41

0.00

M-5

Act/360

14,047,000.00

5.870000000%

41,227.94

0.00

41,227.96

0.00

M-6

Act/360

12,040,000.00

6.220000000%

37,444.40

0.00

37,444.40

0.00

B-1

Act/360

11,706,000.00

6.720000000%

39,332.16

0.00

39,332.16

0.00

B-2

Act/360

10,368,000.00

7.320000000%

37,946.88

0.00

37,946.88

0.00

B-3

Act/360

10,034,000.00

7.320000000%

36,724.44

0.00

36,724.44

0.00

668,937,131.00

N/A

2,771,884.92

2,492,549.66

0.00

2,492,549.66

0.00

N/A

0.00

N/A

0.00

64,237.76

0.00

64,237.76

0.00

N/A

Act/360

100.00

5.390000000%

0.27

0.00

0.27

0.00

Total

630,134,100.00

4,527,416.43

2,556,787.42

0.00

4,312,318.95

0.00

Floating Rate

Certficate Carry-

Over

Interest Carry-

Forward Amount

Floating Rate

Certficate Carry-

Over

Net Cap

Rate in

Effect Y/N

Total Interest

Deductions

Distributable

Certificate Interest

Interest Payment

Amount

Interest Carry-

Forward Amount

- - A c c r u a l - -

- - - - - - R e c o v e r e d - - - - - -

- - - - - O u t s t a n d i n g - - - -

Class

Method

Days

Opening Balance

Pass-Thru Rate

Accrual

Certificate

Interest

Total Interest

Additions

Distribution Date: 25-Jun-07

Bond Interest Reconciliation

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 7 of 37

25-Jun-2007 09:11

A-1

7-Jun-07

25-Jun-07

0.00

A-2

7-Jun-07

25-Jun-07

0.00

A-3

7-Jun-07

25-Jun-07

0.00

A-4

7-Jun-07

25-Jun-07

0.00

M-1

7-Jun-07

25-Jun-07

0.00

M-2

7-Jun-07

25-Jun-07

0.00

M-3

7-Jun-07

25-Jun-07

0.00

M-4

7-Jun-07

25-Jun-07

0.00

M-5

7-Jun-07

25-Jun-07

0.00

M-6

7-Jun-07

25-Jun-07

0.00

B-1

7-Jun-07

25-Jun-07

0.00

B-2

7-Jun-07

25-Jun-07

0.00

B-3

7-Jun-07

25-Jun-07

0.00

7-Jun-07

1-May-07

31-May-07

0.00

2,492,549.66

0.00

7-Jun-07

1-May-07

31-May-07

0.00

64,237.76

0.00

7-Jun-07

25-Jun-07

0.00

Total

0.00

64,237.76

0.00

2,492,549.66

0.00

Interest Carry-

Forward

(2)

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.

Interest Carry-

Forward

Floating Rate

Cartificate Carry-

Over

Other Interest

Proceeds

(1)

Non-Supported

Interest Shortfall

- - - - - - - - - - - - - - - - - - - - - - - - - - - A d d i t i o n s - - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - D e d u c t i o n s - - - - - - - - - -

Class

Record Date

Prior Interest

Due Date

Current Interest

Due Date

Supplemental

Interest Trust

Payments From

Cap Contracts

Payment from

Corridor

Contracts

Prepayment

Premiums

Distribution Date: 25-Jun-07

Bond Interest Reconciliation - Part II

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 8 of 37

25-Jun-2007 09:11

A-1

317,266,000.00

262,906.04

5,240,932.87

0.00

311,762,161.09

27-Apr-37

0.00%

A-2

35,646,000.00

0.00

35,646,000.00

27-Apr-37

0.00%

A-3

113,672,000.00

0.00

113,672,000.00

27-Apr-37

0.00%

A-4

17,057,000.00

0.00

17,057,000.00

27-Apr-37

0.00%

M-1

29,433,000.00

0.00

29,433,000.00

27-Apr-37

0.00%

M-2

26,757,000.00

0.00

26,757,000.00

27-Apr-37

0.00%

M-3

17,057,000.00

0.00

17,057,000.00

27-Apr-37

0.00%

M-4

15,051,000.00

0.00

15,051,000.00

27-Apr-37

0.00%

M-5

14,047,000.00

0.00

14,047,000.00

27-Apr-37

0.00%

M-6

12,040,000.00

0.00

12,040,000.00

27-Apr-37

0.00%

B-1

11,706,000.00

0.00

11,706,000.00

27-Apr-37

0.00%

B-2

10,368,000.00

0.00

10,368,000.00

27-Apr-37

0.00%

B-3

10,034,000.00

0.00

10,034,000.00

27-Apr-37

0.00%

668,937,131.00

0.00

663,428,514.69

27-Apr-37

0.00%

0.00

27-Apr-37

N/A

100.00

0.00

27-Apr-37

0.00%

N/A

Total

630,134,100.00

263,006.04

5,240,932.87

0.00

624,630,161.09

Rated

Final

Maturity

Original

Current

Losses

Cumulative

Losses

Interest on

Losses

Ending

Class Balance

- - - - - - - - - - - - - - - - L o s s e s - - - - - - - - - - - - - - -

- Credit Support -

Class

Original Class

Balance

Beginning Class

Balance

Scheduled Principal

Payment

Unscheduled

Principal

Payment

Extra

Principal

Payment

Prior

Loss

Reimburs.

Distribution Date: 25-Jun-07

Bond Principal Reconciliation

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 9 of 37

25-Jun-2007 09:11

Class

CUSIP

Fitch

Moody's

DBRS

S&P

A-1

590238AA9

Aaa

AAA

A-2

590238AB7

Aaa

AAA

A-3

590238AC5

Aaa

AAA

A-4

590238AD3

Aaa

AAA

M-1

590238AE1

Aa1

AA+

M-2

590238AF8

Aa2

M-3

590238AG6

Aa3

AA-

M-4

590238AH4

A+

M-5

590238AJ0

M-6

590238AK7

A-

B-1

590238AL5

Baa1

BBB+

B-2

590238AM3

Baa2

BBB+

B-3

590238AR2

Baa3

BBB-

590238AN1

590238AP6

590238AQ4

AAA

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.

- - - - - - - - - - - - O r i g i n a l R a t i n g s - - - - - - - - - -

- - - - - - - - - - - - - - - - R a t i n g s C h a n g e / C h a n g e D a t e

(1)

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

Fitch

Moody's

DBRS

S&P

Distribution Date: 25-Jun-07

Ratings Information

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 10 of 37

25-Jun-2007 09:11

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

25-Jun-07

3,404

627,680,953

151

26,412,256

8,264,722

590,824

479,760

25-Jun-07

94.24%

94.61%

4.18%

3.98%

1.36%

1.25%

0.11%

0.09%

0.11%

0.07%

0.00%

Total (All Loans)

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

Delinq 3+ Months

Bankruptcy

Foreclosure

REO

Distribution

Date

Current

Delinq 1 Month

Delinq 2 Months

Distribution Date: 25-Jun-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I (as of Cut-Off)

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 11 of 37

25-Jun-2007 09:11

Distribution Date: 25-Jun-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I (as of Cut-Off)

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

25-Jun-07

1,133

127,824,422

4,779,948

1,919,923

244,732

103,018

25-Jun-07

92.95%

94.77%

4.59%

3.54%

2.05%

1.42%

0.25%

0.18%

0.16%

0.08%

0.00%

Group 1 - Fixed

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

Delinq 3+ Months

Bankruptcy

Foreclosure

REO

Distribution

Date

Current

Delinq 1 Month

Delinq 2 Months

Page 12 of 37

25-Jun-2007 09:11

Distribution Date: 25-Jun-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I (as of Cut-Off)

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

25-Jun-07

1,222

247,872,580

11,070,381

2,702,630

137,177

25-Jun-07

95.02%

94.69%

4.20%

4.23%

0.70%

1.03%

0.00%

0.08%

0.05%

0.00%

Group II - ARM

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

Delinq 3+ Months

Bankruptcy

Foreclosure

REO

Distribution

Date

Current

Delinq 1 Month

Delinq 2 Months

Page 13 of 37

25-Jun-2007 09:11

Distribution Date: 25-Jun-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I (as of Cut-Off)

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

25-Jun-07

1,049

251,983,951

10,561,927

3,642,169

346,092

239,565

25-Jun-07

94.76%

94.46%

3.70%

3.96%

1.36%

1.37%

0.09%

0.13%

0.09%

0.00%

Group III - 480+ Amort

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

Delinq 3+ Months

Bankruptcy

Foreclosure

REO

Distribution

Date

Current

Delinq 1 Month

Delinq 2 Months

Page 14 of 37

25-Jun-2007 09:11

Balance

25-Jun-07

479,760

25-Jun-07

0.00%

0.11%

0.07%

0.00%

61-90 Days

90 + Days

Total (All Loans)

61-90 Days

90 + Days

Current

31-60 Days

- - - - - - - - - - - I n F o r e c l o s u r e a n d D e l i n q u e n t - - - - - - - - - - - - -

- - - - - - - - - - - - - - - I n R E O a n d D e l i n q u e n t - - - - - - - - - - - - - -

- - - - - - - - - - - - - I n B a n k r u p t c y a n d D e l i n q u e n t - - - - - - - - - - - - -

Distribution

Date

Current

31-60 Days

61-90 Days

90 + Days

Current

31-60 Days

Distribution Date: 25-Jun-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II (as of Cut-Off)

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 15 of 37

25-Jun-2007 09:11

Distribution Date: 25-Jun-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II (as of Cut-Off)

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Balance

25-Jun-07

103,018

25-Jun-07

0.00%

0.16%

0.08%

0.00%

90 + Days

Group 1 - Fixed

90 + Days

Current

31-60 Days

61-90 Days

90 + Days

Current

31-60 Days

61-90 Days

Distribution

Date

Current

31-60 Days

61-90 Days

- - - - - - - - - - - I n F o r e c l o s u r e a n d D e l i n q u e n t - - - - - - - - - - - - -

- - - - - - - - - - - - - - - I n R E O a n d D e l i n q u e n t - - - - - - - - - - - - - -

- - - - - - - - - - - - - I n B a n k r u p t c y a n d D e l i n q u e n t - - - - - - - - - - - - -

Page 16 of 37

25-Jun-2007 09:11

Distribution Date: 25-Jun-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II (as of Cut-Off)

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Balance

25-Jun-07

137,177

25-Jun-07

0.00%

0.08%

0.05%

0.00%

61-90 Days

90 + Days

Group II - ARM

61-90 Days

90 + Days

Current

31-60 Days

- - - - - - - - - - - I n F o r e c l o s u r e a n d D e l i n q u e n t - - - - - - - - - - - - -

- - - - - - - - - - - - - - - I n R E O a n d D e l i n q u e n t - - - - - - - - - - - - - -

- - - - - - - - - - - - - I n B a n k r u p t c y a n d D e l i n q u e n t - - - - - - - - - - - - -

Distribution

Date

Current

31-60 Days

61-90 Days

90 + Days

Current

31-60 Days

Page 17 of 37

25-Jun-2007 09:11

Distribution Date: 25-Jun-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II (as of Cut-Off)

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Balance

25-Jun-07

239,565

25-Jun-07

0.00%

0.09%

0.00%

90 + Days

Group III - 480+ Amort

90 + Days

Current

31-60 Days

61-90 Days

90 + Days

Current

31-60 Days

61-90 Days

Distribution

Date

Current

31-60 Days

61-90 Days

- - - - - - - - - - - I n F o r e c l o s u r e a n d D e l i n q u e n t - - - - - - - - - - - - -

- - - - - - - - - - - - - - - I n R E O a n d D e l i n q u e n t - - - - - - - - - - - - - -

- - - - - - - - - - - - - I n B a n k r u p t c y a n d D e l i n q u e n t - - - - - - - - - - - - -

Page 18 of 37

25-Jun-2007 09:11

Insurance

Substitution

Liquidation

Remaining Term

Balance

Proceeds

Amount

Life

Coupon

Remit

25-Jun-07

3,612

663,428,515

5,238,220

0.00

345

8.11%

25-Jun-07

1,219

134,872,042

339,688

0.00

311

8.72%

Curr Weighted Avg.

Total (All Loans)

Group 1 - Fixed

Distribution

Date

Ending Pool

Payoffs

Realized Losses

Distribution Date: 25-Jun-07

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

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 19 of 37

25-Jun-2007 09:11

Distribution Date: 25-Jun-07

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

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Insurance

Substitution

Liquidation

Remaining Term

Balance

Proceeds

Amount

Life

Coupon

Remit

25-Jun-07

1,286

261,782,769

2,491,441

0.00

354

8.07%

25-Jun-07

1,107

266,773,704

2,407,091

0.00

354

7.85%

Curr Weighted Avg.

Group II - ARM

Group III - 480+ Amort

Distribution

Date

Ending Pool

Payoffs

Realized Losses

Page 20 of 37

25-Jun-2007 09:11

4140512

83,200.00

82,985.52

9.14%

3,033.95

4336034

128,000.00

127,590.43

8.30%

4,236.05

4437258

170,000.00

169,679.25

9.85%

8,491.89

4551958

328,000.00

327,212.04

6.20%

8,109.97

4552067

225,000.00

224,525.29

6.73%

6,036.54

4552759

152,000.00

151,260.82

6.18%

3,731.58

4556346

38,000.00

37,950.34

12.50%

1,896.90

4557718

305,000.00

304,721.32

9.58%

11,670.87

4558395

135,000.00

134,704.63

10.13%

5,458.28

4597415

88,800.00

88,278.93

6.98%

888.00

4600856

67,000.00

66,926.84

8.98%

2,402.68

4697294

152,000.00

151,962.15

9.10%

7,598.74

4700336

68,400.00

68,202.11

10.44%

682.31

Current Total

1,940,400.00

1,935,999.67

64,237.76

Cumulative Total

Current Gross Rate

Prepayment Premium

Disclosure Control #

Original Principal

Balance

Beginning Principal

Balance

Payoff Amount

Distribution Date: 25-Jun-07

Prepayment Premium Loan Detail for Current Period

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 21 of 37

25-Jun-2007 09:11

SMM (Single Monthly Mortality)

Total

Current Period

0.78%

3-Month Average

0.78%

6-Month Average

0.78%

12-Month Average

0.78%

Average Since Cut-Off

0.78%

CPR (Conditional Prepayment Rate)

Total

Current Period

9.02%

3-Month Average

9.02%

6-Month Average

9.02%

12-Month Average

9.02%

Average Since Cut-Off

9.02%

PSA (Public Securities Association)

Total

Current Period

150%

3-Month Average

150%

6-Month Average

150%

12-Month Average

150%

Average Since Cut-Off

150%

SMM

Single Monthly Mortality

(Partial and Full Prepayments + Repurchases + Curtailments + Liquidations + Other Prin Proceeds) / (Beginning Collateral Bal - Scheduled Prin)

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)

Distribution Date: 25-Jun-07

Prepayment Summary

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

0.00%

2.43%

4.86%

7.29%

9.71%

12.14%

14.57%

17.00%

Jul-06

Aug-06

Sep-06

Oct-06

Nov-06

Dec-06

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07

0.00%

14.29%

28.57%

42.86%

57.14%

71.43%

85.71%

100.00%

Jul-06

Aug-06

Sep-06

Oct-06

Nov-06

Dec-06

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07

229%

457%

686%

914%

1143%

1371%

1600%

Jul-06

Aug-06

Sep-06

Oct-06

Nov-06

Dec-06

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07

Page 22 of 37

25-Jun-2007 09:11

Min

Max

Count

% of Total

Balance

% of Total

Min

Max

Count

% of Total

Balance

% of Total

11,000

50,000

382

10.58%

13,555,148

2.04%

12,000

50,000

386

10.59%

13,715,192

2.05%

50,000

69,000

331

9.16%

19,761,408

2.98%

50,000

69,000

335

9.19%

20,036,089

3.00%

69,000

88,000

323

8.94%

25,315,747

3.82%

69,000

88,000

323

8.86%

25,325,019

3.79%

88,000

107,000

256

7.09%

24,949,268

3.76%

88,000

107,000

258

7.08%

25,137,567

3.76%

107,000

126,000

270

7.48%

31,360,747

4.73%

107,000

126,000

271

7.43%

31,465,211

4.70%

126,000

147,000

243

6.73%

33,100,934

4.99%

126,000

147,000

248

6.80%

33,742,467

5.04%

147,000

194,000

483

13.37%

81,974,998

12.36%

147,000

194,000

490

13.44%

83,135,022

12.43%

194,000

241,000

376

10.41%

81,004,094

12.21%

194,000

241,000

381

10.45%

82,127,888

12.28%

241,000

288,000

254

7.03%

67,257,622

10.14%

241,000

288,000

254

6.97%

67,232,697

10.05%

288,000

335,000

197

5.45%

61,326,238

9.24%

288,000

335,000

201

5.51%

62,555,797

9.35%

335,000

380,000

136

3.77%

48,688,840

7.34%

335,000

380,000

136

3.73%

48,705,099

7.28%

380,000

1,199,000

361

9.99%

175,133,472

26.40%

380,000

1,200,000

362

9.93%

175,759,083

26.27%

3,612

100.00%

663,428,515

100.00%

3,645

100.00%

668,937,131

100.00%

Min

Max

Count

% of Total

Balance

% of Total

Min

Max

Count

% of Total

Balance

% of Total

5.25%

6.83%

357

9.88%

98,536,313

14.85%

5.25%

6.83%

364

9.99%

100,006,894

14.95%

6.83%

7.16%

253

7.00%

70,790,224

10.67%

6.83%

7.16%

255

7.00%

70,954,630

10.61%

7.16%

7.48%

224

6.20%

57,715,724

8.70%

7.16%

7.48%

225

6.17%

57,858,475

8.65%

7.48%

7.81%

347

9.61%

86,606,561

13.05%

7.48%

7.81%

350

9.60%

87,225,733

13.04%

7.81%

8.14%

313

8.67%

74,805,377

11.28%

7.81%

8.14%

316

8.67%

75,361,245

11.27%

8.14%

8.50%

352

9.75%

67,174,666

10.13%

8.14%

8.50%

354

9.71%

67,903,100

10.15%

8.50%

9.05%

415

11.49%

77,290,660

11.65%

8.50%

9.05%

416

11.41%

77,291,416

11.55%

9.05%

9.59%

261

7.23%

38,779,366

5.85%

9.05%

9.59%

267

7.33%

39,919,234

5.97%

9.59%

10.14%

349

9.66%

41,139,234

6.20%

9.59%

10.14%

352

9.66%

41,676,672

6.23%

10.14%

10.69%

186

5.15%

16,100,589

2.43%

10.14%

10.69%

187

5.13%

16,066,779

2.40%

10.69%

11.25%

200

5.54%

13,608,481

2.05%

10.69%

11.25%

201

5.51%

13,676,278

2.04%

11.25%

16.38%

355

9.83%

20,881,319

3.15%

11.25%

16.38%

358

9.82%

20,996,676

3.14%

3,612

100.00%

663,428,515

100.00%

3,645

100.00%

668,937,131

100.00%

Distribution by Current Ending Principal Balance

Distribution by Cut-off Principal Balance

Distribution by Current Mortgage Rate

Distribution by Original Mortgage Rate

Distribution Date: 25-Jun-07

Mortgage Loan Characteristics Part I

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 23 of 37

25-Jun-2007 09:11

2,216

490,861,568

73.99%

353.99

7.97%

2,241

495,338,124

74.05%

359.98

7.97%

707

132,738,438

20.01%

348.36

7.70%

711

133,582,945

19.97%

354.92

7.70%

689

39,828,509

6.00%

226.96

11.18%

693

40,016,062

5.98%

233.55

11.19%

3,612

663,428,515

100.00%

3,645

668,937,131

100.00%

1,779

309,401,126

46.64%

344.06

8.27%

1,793

311,275,890

46.53%

350.16

8.27%

1,114

215,472,528

32.48%

347.56

7.77%

1,126

217,685,671

32.54%

353.74

7.77%

245

56,528,115

8.52%

344.13

8.28%

249

57,596,171

8.61%

349.88

8.27%

167

30,671,559

4.62%

343.17

8.20%

167

30,683,161

4.59%

351.13

8.20%

124

20,152,716

3.04%

343.52

8.37%

124

20,157,497

3.01%

349.40

8.33%

14,110,355

2.13%

344.90

8.29%

14,236,403

2.13%

350.03

8.28%

12,262,970

1.85%

344.96

8.34%

12,268,281

1.83%

351.34

8.34%

3,422,074

0.52%

350.88

8.22%

3,423,365

0.51%

358.06

8.22%

1,407,072

0.21%

352.07

8.61%

1,610,691

0.24%

360.00

8.70%

3,612

663,428,515

100.00%

3,645

668,937,131

100.00%

Total

Condo - Low Facility

Deminimus Planned Unit Development

Other

Multifamily

PUD

Condo - High Facility

SF Attached Dwelling

Distribution by Property Types (Cut-off)

Property Type

# of

Loans

Ending Balance

% of

Balance

WAMM

WAC

SF Unattached Dwelling

Unknown

Other

Total

Condo - High Facility

SF Attached Dwelling

Condo - Low Facility

Deminimus Planned Unit Development

SF Unattached Dwelling

Unknown

Multifamily

PUD

Distribution by Property Types (Current)

Property Type

# of

Loans

Ending Balance

% of

Balance

WAMM

WAC

Total

Adjustable

Fixed 1st Lien

Fixed 2nd Lien

Distribution by Product Characteristics (Cut-off)

Product Type

# of

Loans

Original Principal

Balance

% of

Balance

WAMM

WAC

Total

Fixed 1st Lien

Fixed 2nd Lien

Distribution by Product Characteristics (Current)

Product Type

# of

Loans

Ending Balance

% of

Balance

WAMM

WAC

Adjustable

Distribution Date: 25-Jun-07

Mortgage Loan Characteristics Part II

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 24 of 37

25-Jun-2007 09:11

Distribution Date: 25-Jun-07

Mortgage Loan Characteristics Part II

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

3,326

619,901,838

93.44%

344.74

8.07%

3,356

624,682,253

93.38%

350.94

8.07%

256

38,155,902

5.75%

352.34

8.69%

259

38,881,248

5.81%

357.89

8.69%

5,370,775

0.81%

352.37

8.63%

5,373,630

0.80%

358.16

8.63%

3,612

663,428,515

100.00%

3,645

668,937,131

100.00%

1,923

405,018,127

61.05%

351.21

7.87%

1,945

408,916,736

61.13%

357.14

7.88%

1,471

229,150,962

34.54%

337.56

8.51%

1,479

229,974,654

34.38%

344.04

8.50%

218

29,259,425

4.41%

322.64

8.25%

221

30,045,741

4.49%

329.78

8.22%

3,612

663,428,515

100.00%

3,645

668,937,131

100.00%

Distribution by Loan Purpose (Cut-off)

Loan Purpose

# of

Loans

Ending Balance

% of

Balance

WAMM

WAC

Distribution by Loan Purpose (Current)

Loan Purpose

# of

Loans

Ending Balance

% of

Balance

WAMM

WAC

Total

Distribution by Occupancy Type (Cut-off)

Occupancy Type

# of

Loans

Ending Balance

% of

Balance

WAMM

WAC

Distribution by Occupancy Type (Current)

Total

Refinance/No Cash Out

Refinance/Equity Takeout

Purchase

Total

Owner Occupied - Secondary Residence

Owner Occupied - Primary Residence

Non-Owner Occupied

Occupancy Type

# of

Loans

Ending Balance

% of

Balance

WAMM

Page 25 of 37

25-Jun-2007 09:11

Distribution Date: 25-Jun-07

Mortgage Loan Characteristics Part II

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

1,293

221,063,215

33.32%

343.75

8.40%

1,305

223,204,178

33.37%

348.71

8.40%

852

167,735,152

25.28%

351.60

7.71%

863

169,675,264

25.36%

357.85

7.71%

431

88,563,335

13.35%

338.08

7.88%

433

88,907,883

13.29%

343.77

7.88%

369

72,964,527

11.00%

354.25

7.71%

374

73,527,056

10.99%

359.87

7.71%

Distribution by Originator Concentration > 10% (Cut-off)

Originator

# of

Loans

Ending Balance

% of

Balance

WAMM

WAC

Equi First

Aegis

Mln

First Nlc

Originator

# of

Loans

Ending Balance

% of

Balance

WAMM

WAC

Distribution by Originator Concentration > 10% (Current)

Page 26 of 37

25-Jun-2007 09:11

WAMM

WAC

California

492

144,971,747

21.85%

342

7.78%

Florida

467

80,306,958

12.10%

344

8.43%

Illinois

289

56,085,003

8.45%

349

8.27%

Arizona

202

32,218,443

4.86%

345

7.98%

Massachusetts

122

29,879,505

4.50%

344

7.72%

New York

119

28,220,642

4.25%

339

8.02%

Maryland

111

26,071,476

3.93%

351

7.70%

New Jersey

107

24,251,192

3.66%

350

7.98%

Texas

218

23,039,096

3.47%

341

8.78%

Minnesota

100

18,491,070

2.79%

347

7.80%

Remaining

1,385

199,893,383

30.13%

347

8.29%

WAMM

WAC

California

495

145,869,456

21.81%

349

7.77%

Florida

468

80,401,280

12.02%

350

8.42%

Illinois

295

57,546,046

8.60%

355

8.27%

Arizona

202

32,229,992

4.82%

351

7.98%

Massachusetts

124

30,176,815

4.51%

350

7.73%

New York

120

28,366,529

4.24%

346

8.02%

Maryland

114

26,708,804

3.99%

357

7.72%

New Jersey

110

24,758,255

3.70%

356

8.00%

Texas

218

23,054,078

3.45%

348

8.78%

Minnesota

100

18,499,384

2.77%

353

7.80%

Remaining

1,399

201,326,491

30.10%

353

8.29%

(1)

Based on Current Period Ending Principal Balance

Top 10 Original State Concentration

Geographic
Distribution

# of

Loans

Balance

(1)

% of

Balance

Top 10 Current State Concentration

Geographic
Distribution

# of

Loans

Balance

(1)

% of

Balance

Distribution Date: 25-Jun-07

Geographic Concentration

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Top 10 Current State Concentration

California

Arizona

Illinois

Florida

Minnesota

Texas

New Jersey

Maryland

New York

Massachusetts

Remaining

Page 27 of 37

25-Jun-2007 09:11

Current Total

Cumulative

B
C
L
O
P

REO
Settled
Third Party

R
X
T

1
2
3

Liq. Type Code - Legend
BK Discharged
Charge-off
Retain Lien
Loan Sale
Paid in Full

Occ Type Code - Legend
Primary
Secondary
Investment

FICO

Lien Position

Liq Type

Occ Type

Subsequent

Recov/(Exp)

Loss-Certs Adjusted

Loss Severity

Loan-to-Value

Disclosure Control

Original

Liquidation

Balance

Net Liquidation

Proceeds

Loss-Certs Non-

adjusted

Distribution Date: 25-Jun-07

Current Period Realized Loss Detail

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 28 of 37

25-Jun-2007 09:11

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-Jun-07

0.00

Total

0.00

Total (All Loans)

- - - - - - - - - - - - - - - - - C u r r e n t R e a l i z e d L o s s - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - P r e v i o u s L i q u i d a t i o n s / P a y o f f s - - - - - - - - - - - - - -

Claims on Prior

Liquidations

Recovery on Prior

Liquidations

(Claims)/Recoveries on

Prior Payoffs

Distribution Date: 25-Jun-07

Historical Realized Loss Summary

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 29 of 37

25-Jun-2007 09:11

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

0.00%

6-Month Average

0.00%

12-Month Average

0.00%

Average Since Cut-Off

0.00%

SDA (Standard Default Assumption)

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%

MDR

Monthly Default Rate

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

CDR

Conditional Default Rate

1 - (1 - MDR)^12

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)

Distribution Date: 25-Jun-07

Realized Loss Summary

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

0.00%

0.86%

1.71%

2.57%

3.43%

4.29%

5.14%

6.00%

Jul-06

Aug-06

Sep-06

Oct-06

Nov-06

Dec-06

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07

0.00%

7.14%

14.29%

21.43%

28.57%

35.71%

42.86%

50.00%

Jul-06

Aug-06

Sep-06

Oct-06

Nov-06

Dec-06

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07

286%

571%

857%

1143%

1429%

1714%

2000%

Jul-06

Aug-06

Sep-06

Oct-06

Nov-06

Dec-06

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07

Page 30 of 37

25-Jun-2007 09:11

Total

Relief Act Interest

Shortfall

Total (All Loans)

Disclosure Control

Beginning

Balance

Scheduled

Principal

Unscheduled

Principal

Ending balance

Loan Rate

P&I Amount

Scheduled Interest Interest Received

Distribution Date: 25-Jun-07

Servicemembers Civil Relief Act

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 31 of 37

25-Jun-2007 09:12

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

Material Breach Description

Disclosure

Control #

Loan Group #

Ending Principal

Balance

Material Breach

Date

Distribution Date: 25-Jun-07

Material Breaches Detail

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 32 of 37

25-Jun-2007 09:12

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.

Modification Description

Disclosure

Control #

Loan Group #

Modified Maturity

Date

Cutoff Maturity

Date

Distribution Date: 25-Jun-07

Modified Loan Detail

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 33 of 37

25-Jun-2007 09:12

Disclosure

Control #

Beginning Principal Balance

Description

Distribution Date: 25-Jun-07

Collateral Asset Changes

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 34 of 37

25-Jun-2007 09:12

Total

0.00

Realized Loss

Appraisal

Reduction

Amount

Date

Liquidated

Liquidation

Proceeds

Liquidation

Expenses

Total (All Loans)

Disclosure

Control #

REO Date

City

State

Property Type

Actual Balance

Scheduled

Balance

Recent

Appraisal

Value

Appraisal

Date

Distribution Date: 25-Jun-07

Historical Collateral Level REO Report

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 35 of 37

25-Jun-2007 09:12

Substitution Code

- - - Loans Substituted Into Pool - - -

- - - - - - - - - - Loans Substituted Out of Pool - - - - - - - - - -

Investor #

Period

Beginning Principal Balance

Investor #

Period

Beginning Principal

Balance

Adjusted for Principal

Distribution Date: 25-Jun-07

Substitution Detail History

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 36 of 37

25-Jun-2007 09:12

- - - Loans Substituted Into Pool - - -

- - - Loans Substituted Out of Pool - - -

Period

Count

Beginning Principal Balance

Count

Beginning Principal Balance

Adjusted for Principal

Difference Into vs.

Out

Distribution Date: 25-Jun-07

Substitution Detail History Summary

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset - Backed Certificates

Series 2007-HE3

Page 37 of 37

25-Jun-2007 09:12

Merrill Lynch Mortgage Investors Trust, Series 2007-HE3 10-D