| DEAL NAME | MSAC 2003-NC6 |
| Closing Date | 6/26/2003 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 794,415,133 |
| |
| Sellers | NC(100.00%) |
| Servicers | HQ(100.00%) |
| |
| Number of Loans | 5014 |
| Avg Loan Balance ($) | 158,439 |
| |
| Fixed/Floating | |
| % FRM | 24.64 |
| % ARM | 75.36 |
| |
| %IO | 3.12 |
| Wtd Avg IO Term (months) | 120 |
| |
| Wtd Avg Current Mortgage Rate (%) | 7.667 |
| Non-Zero Wtd Avg Margin (%) | 5.681 |
| Non-Zero Wtd Avg Initial Cap (%) | 1.560 |
| Non-Zero Wtd Avg Periodic Cap (%) | 1.560 |
| |
| Lien Composition | |
| % 1st Lien | 99.12 |
| % 2nd Lien | 0.88 |
| |
| Non-Zero Wtd Avg FICO | 593 |
| % FICO below 600 (inc. N/A) | 58.75 |
| % FICO below 550 (inc. N/A) | 27.57 |
| |
| Wtd Avg Comb Orig LTV | 79.73 |
| % CLTV > 80 | 48.48 |
| % CLTV > 90 | 3.75 |
| % CLTV > 95 | 0.86 |
| |
| % Silent Seconds | 9.63 |
| CLTV incl. all simul. liens (%) | 81.29 |
| |
| Documentation Level | |
| % Full Documentation | 57.39 |
| % Stated Documentation | 36.86 |
| % Limited Documentation | 5.74 |
| |
| % Owner Occupied | 94.14 |
| |
| Loan Purpose | |
| % Cashout Refinance | 60.79 |
| % Purchase | 21.08 |
| % Rate Term Refinance | 18.14 |
| |
| State Concentration (Over 5%) | CA(39.96%),FL(6.91%),IL(5.26%),NY(5.24%) |
| |
| % Prepay Penalty | 80.84 |
| |
| Wtd Avg Std Orig Term (months) | 353 |
| Wtd Avg Std Rem Term (months) | 351 |
| Wtd Average Loan Age (months) | 2 |
