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MERRILL LYNCH MORTGAGE INVESTORS SERIES 1993B RATED 'AAA/A' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Feb. 19 /PRNewswire/ -- Merrill Lynch Mortgage Investor, Inc.'s (MLMI) $265.65 million PrimeFirst adjustable rate mortgage pass- through certificates, series 1993B class A is rated AAA' and the $12.95 million class B is rated A' by Fitch. The AAA' rating reflects credit enhancement provided by the 7.75 percent subordinate class B and the unrated class C and D certificates. The class B's A' credit enhancement is provided by the 3.25 percent subordination of the unrated classes C and D certificates, which will be held by Merrill Lynch Credit Corporation (MLCC). In addition, the ratings are based on the integrity of the legal and financial structures and the servicing capabilities of the master servicer, MLCC.
 The recently originated, conventional, 25-year adjustable-rate, one- to-four family residential mortgage loans have interest rates indexed to the prime rate plus or minus a margin. The mortgage loans are subject to semi-annual adjustment dates as well as a 15.0 percent maximum cap with respect to 98.9 percent of the loans and a 18.0 percent maximum cap with respect to the remainder of the loans. The mortgage loans pay interest- only for the first 10 years and begin to fully amortize during the remaining 15 years.
 The underlying mortgage portfolio is strong due to loans originated under MLCC's PrimeFirst mortgage program which primarily targets high net-worth borrowers. In addition, the pool has a low weighted average original loan-to-value ratio (LTV) of 65.4 percent. The majority of the loans are secured by one-to-four family residential properties while 7.9 percent represent condos, attached planned unit developments (PUDs), and townhouses. Cash-out refinance loans comprise approximately 33 percent and second homes represent 10 percent. 24 percent of the loans are jumbo loans (balances between $300,001-$600,000), 22 percent super jumbo loans (balances between $600,001-$1,000,000), and 21 percent mega jumbo loans (balances greater than $1,000,000). The loans include 29 percent located in California, 25 percent in the Northeast, and 15 percent in the Southeast/Great Lakes region.
 The mortgage loans were originated by MLCC, sold to MLMI, a special purpose corporation, which, in turn, deposited the loans in the trust, which issued the certificates. MLCC will act as master servicer for the pool. For federal income tax purposes, a real estate mortgage investment conduit election will be made with respect to the trust fund.
 -0- 2/19/93
 /CONTACT: Joanne M. Scatassa, 212-908-0671 or Betty Tan, 212-908-0688, both of Fitch/
 (MER)


CO: Merrill Lynch Mortgage Investor, Inc. ST: IN: SU: RTG

WB -- NY052 -- 8469 02/19/93 14:48 EST
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Date:Feb 19, 1993
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