Fitch Rates C-BASS Mortgage Loan A-B Ctfs Series 2004-CB6.

NEW YORK -- Merrill Lynch Mortgage Investors, Inc., C-BASS Mortgage Loan Asset-Backed Certificates, series 2004-CB6, is rated by Fitch Ratings as follows:

-- $375 million class A senior certificates 'AAA';

-- $22.96 million class M-1 subordinate certificates 'AA';

-- $19.52 million class M-2 subordinate certificates 'A';

-- $6.89 million class M-3 subordinate certificates 'A-';

-- $4.59 million class B-1 subordinate certificates 'BBB+';

-- $4.59 million class B-2 subordinate certificates 'BBB';

-- $4.59 million class B-3 subordinate certificates 'BBB-'.

The 'AAA' rating on the senior certificates reflects the 18.35% initial credit enhancement provided by the 5% class M-1, 4.25% class M-2, 1.50% class M-3, 1% class B-1, 1% class B-2, 1% class B-3 and 2% un-offered class B-4 certificates. Initial overcollateralization (OC) is 2.60%. All certificates have the benefit of excess interest. In addition, the ratings also reflect the quality of the loans, the soundness of the legal and financial structures, and the capabilities of Litton Loan Servicing LP (rated 'RPS1' by Fitch) as servicer.

The collateral pool consists of fixed- and adjustable-rate collateral totaling $459,286,539.97. The weighted average combined loan-to-value ratio (CLTV) is 81.87%, the average outstanding principal balance is $148,636.42, the weighted average coupon (WAC) is 7.055% and the weighted average remaining term (WAM) is 340 months. Second liens make up 4.82% of the pool and 71.41% of the loans have prepayment penalties. The loans are geographically concentrated in CA (35.44%), FL (7.01%) and NY (6.98%).

Merrill Lynch Mortgage Investors, Inc. will deposit the mortgage loans in the trust fund. The depositor is a Delaware corporation and a wholly-owned, indirect subsidiary of Merrill Lynch Mortgage Capital Inc. The depositor is an affiliate of Merrill Lynch, Pierce, Fenner & Smith, one of the underwriters.