| DEAL NAME | MSAC 2004-HE6 |
| Closing Date | 8/25/2004 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 1,188,288,617 |
| |
| Sellers | ACC(65.78%),NC(34.22%) |
| Servicers | CW(65.84%),CH(19.17%),HQ(14.99%) |
| |
| Number of Loans | 6787 |
| Avg Loan Balance ($) | 175,083 |
| |
| Fixed/Floating | |
| % FRM | 25.53 |
| % ARM | 74.47 |
| |
| %IO | 9.27 |
| Wtd Avg IO Term (months) | 50 |
| |
| Wtd Avg Current Mortgage Rate (%) | 6.962 |
| Non-Zero Wtd Avg Margin (%) | 5.610 |
| Non-Zero Wtd Avg Initial Cap (%) | 1.680 |
| Non-Zero Wtd Avg Periodic Cap (%) | 1.505 |
| |
| Lien Composition | |
| % 1st Lien | 100.00 |
| % 2nd Lien | 0.00 |
| |
| Non-Zero Wtd Avg FICO | 627 |
| % FICO below 600 (inc. N/A) | 34.22 |
| % FICO below 550 (inc. N/A) | 15.30 |
| |
| Wtd Avg Comb Orig LTV | 80.85 |
| % CLTV > 80 | 40.42 |
| % CLTV > 90 | 8.23 |
| % CLTV > 95 | 3.29 |
| |
| % Silent Seconds | 34.52 |
| CLTV incl. all simul. liens (%) | 87.09 |
| |
| Documentation Level | |
| % Full Documentation | 45.92 |
| % Stated Documentation | 45.81 |
| % Limited Documentation | 8.28 |
| |
| % Owner Occupied | 94.29 |
| |
| Loan Purpose | |
| % Cashout Refinance | 53.64 |
| % Purchase | 40.98 |
| % Rate Term Refinance | 5.38 |
| |
| State Concentration (Over 5%) | CA(31.49%),FL(9.12%),NY(7.37%) |
| |
| % Prepay Penalty | 83.18 |
| |
| Wtd Avg Std Orig Term (months) | 355 |
| Wtd Avg Std Rem Term (months) | 352 |
| Wtd Average Loan Age (months) | 3 |
